Big tech, led by NVIDIA, is hitting daily all time highs riding on AI speculation. The US CPI release on March 12th should provide further data for the Fed to keep rates locked and signal dovish policy in the near-term after the next FOMC on March 20th. BTC had a nice bounce after the dip at the beginning of the month and has exceeded its pre ETF high. Amidst NFT Paris and ETH Denver this month, ETH has supplanted BTC as the lead horse. The Ethereum narrative has gained strength ahead of the mainnet upgrade in mid March (will reduce L2 fees by 10x) and positive ETF developments and anticipation of approval in May. Alts are also moving across all chains and NFT activity and sentiment is improving.
My top investment ideas are RTFKT Pods, CloneX, RTFKT Animus Egg, RTFKT MNLTH X, Otherside Koda, Otherside, Mutant Ape Yacht Club, Moonbirds, Trademark, Checks, Opepen, Doodles, Ethereum, Chainlink, Solana, Blur, Centrifuge, Bitcoin.
RTFKT’s Project Animus site expected to launch on Thursday with likely Animus Egg reveal by end of March.
Otherside will host the Apes Come Home event on Thursday.
Yuga Labs’ founder took over as the CEO and announced they acquired PROOF XYZ (owner of Moonbirds) and launched the new royalty focused NFT marketplace with Magic Eden on Tuesday.
The next investment idea will be out soon. If you haven’t already, please upgrade your subscription now to receive it when it is published.
To the moon and beyond,
Andrew
Disclaimer
The content of this letter is for informational and entertainment purposes, and should not be construed as personal investment advice.