ISM manufacturing today was horrendous. lowest since may 2020. Price Index suffered "The Prices Index registered 43 percent, down 3.6 percentage points compared to the October figure of 46.6 percent; this is the index’s lowest reading since May 2020 (40.8 percent)" The Fed will prolly do their last hike at the next meeting and they are done. The next move after that will be a cut and the economy should sink into recession in early 2023. Depending on how bad it is, they might even give back all their rate hikes we will see but I think a cutting cycle will fuel the next crypto boom
Top cryptobets for the next 12-24 months Solid: -ETH/BTC/DOGE Riskier but with more potential: -Top NFTs like cryptopunks, top artblocks, XCOPY
Good token farming opportunity with Friends on Tech https://www.friend.tech/ You need to download the app, create an account (needs a tiny amount of ETH in the Base Blockchain, which is an Ethereum copy) and engage with accounts there. Codes to have access to the app ft-wrmo3mum ft-vo18ffks ft-9uvfmre6 This app is very addictive, its basically like a private twitter feed where only the people with shares on that person get access to their content. Feed owner gets a % of the transactions, share owners get the feed plus future appreciation, some people have made a lot already but the airdrop should be a big money maker, as a long you are are engaging daily and being a real user Im Nando/NandoNFTs there
The BTC ETF looks like a done deal, while we should face some sort of sell the news event around the launch (so, its an opportunity to rebalance portfolios a bit, taking a bit of profit) there are also other catalysts coming that coincide, namely the BTC halving and the Fed cuts, so I dont think it will be the crypto top the first dump after the ETF comes out (its also possible there wont be a dump at all, if the demand coming from the ETF surprises to the upside). In addition, there could also be another catalyst, which is a Trump win in the presidential election. He personally made videos for his NFT project (launched on Ethereum), which provide real-world utility for his fans. It looks likely that he will be more crypto friendly, so his SEC chair appointment and more regulatory clarity could also be supportive (he is favored to win acc to betting sites with around 45% chance vs 33% of Biden). 2024 is looking like a great year for crypto
I'm bumping the model that I use to analyze a lot of cryptocurrencies so people that are new to crypto can better understand this space. It was one of my biggest ephiphanies in 2021
I don't think the establishment / deep state will ever allow Trump to run. Even if they have to put him behind bars, or liquidate him.