Crypto Crash? + NFTs, Yield on your BTC, and Presale access
Market fear is high right now, but that may be the best time to make a move.
Must read highlights: Future of Bitcoin price?; Virtual Land NFTs; getting high yield returns on BTC/ETH; how to get into presales of the next future unicorns.
So, as you may have seen, the cryptocurrency markets have dipped a lot in the last week. The market cap has lost about $1.3 trillion in only a matter of 10 days, an >50% correction. With the historic gains in the past few months this was bound to happen eventually, but no one could have guessed the magnitude.
But fear not, Bitcoin and Ethereum have made many large dips in their history, and are often followed by even greater comebacks and new all time highs. Here are Bitcoins historical corrections, and no it was not just from Elon Musk tweeting. This is coordinated FUD by large whales and exchanges to try and get you to sell your coins for cheaper to them, but I hope you would not fall into their scheme.
There's a lot of fear in the industry right now from retail investors that purchased Bitcoin above $60,000. Remember, Smart investors buy when there’s fear in the market, and sell when there’s greed. Try not to do the opposite.
Meanwhile, those who've been in the industry for a long time understand this is the natural cycle of cryptocurrencies. And although they have also lost a bit, are more unphased by the dips and understand this is natural.
Of course, there are still so many new, amazing, innovative projects coming out every day, regardless of the bitcoin and cryptocurrency markets being up or down, and I'm here to keep you informed about the latest innovations in the space which could be life changing.
There's so much to talk about but I'll give you a few tidbits of information about what's coming up in the near future.
NFT LAND: This upcoming Thursday May 27, The Sandbox, who I interviewed on the cryptocoin show back in March, created by Animoca brands, a major brand in Japan & partnered with some of the largest brands in the world including Atari and F1 is having another virtual land sale on the sandbox.
Owning virtual land is a great diversification outside of cryptocurrencies
NOTE: You have to create a free account before the day of the sale or you can’t get in. Do that here: https://www.sandbox.game/login/?r=BMW5TqYRgoSVy61YTFp2Qk
More on the details of the sale on the Sandbox Medium article:
https://medium.com/sandbox-game/the-sandbox-may-2021-land-sale-euphoria-7e4cb76d2a29
Virtual Land could be a huge appreciation of value in the near future. They were recently on CNBC talking about the future of virtual land = BULLISH. And yes, these are NFT's with a different kind of value than the collectible art that you normally see from NFT artwork.
here’s my interview with The Sandbox on virtual land NFTs:
HIGH YIELD BTC/ETH: I also recently spoke with Alex Mashinsky, CEO of Celsius network for the second time on my show.
He came back on to speak about how Celsius network is the number one platform for centralized finance, and crypto yields, managing over $20B of assets under management, servicing millions of customers to receive yields on their Bitcoin Ether, stable coins, and other cryptocurrencies that can be held securely in their wallet.
Holding your Bitcoin or Ether in Celsius can generate between 6 to 8%, or in the case of stablecoins over 10% APY, just for holding them in the Celsius wallet as opposed to a cold storage wallet. This is a DRAMATIC increase from the bank yields in high interest savings.
Join Celsius Network using the special referral code I got from Alex and earn $40 in BTC when you transfer $400 or more into the app!
https://celsiusnetwork.app.link/1502989527 or referral code 1502989527
PRIVATE SALE ACCESS: I also spoke with Alexander Raffin CEO of GAINS, a decentralized VC platform, enabling access to private sales of early stage crypto companies.
There are quite a few ignition and launch platforms for IDOs, initial decentralized offerings, however, that is at the IPO level, or when the coins are just going to be launched. The GAINs platform allows crypto investors to get in at the seed and lowest level of these platforms and have launched some major crypto companies, some turning into unicorns in the last year or two, including projects like Avalanche, Reef Finance, Quants, and more.
BTC/ETH: Keep an eye on Ether and Bitcoin as the whales are accumulating.
Kyle from Three Arrows Capital says this is the most Ether he has ever held ever. This tweet is from today.
Three Arrows Capital is often the top PNL gainer on FTX and often has nine figure PNL that can be viewable to the public.
All in all, this cryptocurrency dip will pass, and no one should expect a V shaped recovery, although it could recover much faster (in weeks to month(s)) than it has in the past with the amount of institutional interest in cryptocurrency at an all time high throughout 2021 and investors looking for assets to retain wealth as the money printing and dollar depreciation continues. Consider it an on-sale blessing.
I anticipate in the latter half of 2021 for the crypto prices to be significantly higher than they are now.
Sincerely, Ashton Addison.