November Market Update ðŸ«
Possible Melt-Up into January
The macro picture continues to follow my thesis with inflation and yields cratering and markets pumping. Entering December, we will likely see ATHs for big tech as the Santa rally kicks off. Crypto has continued to slowly grind up ahead of expected BTC/ETH ETF approvals by early January. ETH has been frustrating most believers as it has not kept up with BTC or Alts. I believe it will have its day, patience is the key for now. NFTs have largely maintained their levels and may be the next asset to move. NFT trading dynamics have improved with Blur’s new Season 3 incentive schema and should reduce farming and inorganic and insidious grind down in floor prices. Solana NFTs have seen a massive uptick in volume and prices that will likely spill over to Ethereum NFTs.
My top investment ideas are CloneX, Otherside Koda, Checks, Opepen, Otherside, RTFKT Animus Egg, RTFKT MNLTH X, Bored Ape Yacht Club, Doodles, Ethereum, Bitcoin, Chainlink, Solana, Blur, and ARKK.
RTFKT crushed it at ComplexCon with models of its Dunks and marketing help from Nike. December should be a heavy month with updates on Dunk vial evolution, MNLTHX, and Animus. Also, RTFKT is building a marketplace that will likely support its Web3 distribution model and make it easier for holders to market and distribute assets.
Moonbirds announced Talons, its new rewards program for holders.
Otherside Kodas and other assets can now be rented via Zharta. This is an important milestone in holders being able to monetize assets without active participation in Otherside and adds utility and value to the assets.
Doodles continue to execute with an expected announcement of a big brand partnership in late December/January.
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.