Crypto portfolio update

Exposure: 2.8%

Net return: 595.4%

Comments: The market dropped significantly this week, as BTC retraced the entire 7% rally of the previous week, and then some:

As expected, most altcoins have followed suit and have fallen significantly from the local highs.

Even the latest "hot" tokens ARB and GMX have corrected 14% and 15% respectively:

And even the great GCR tweeted:

So now the broad narrative seems to be: The echo bubble is popping and the market will keep falling over the next few weeks.

Personally, I think it's too early to call the end of the echo bubble... but I also wouldn't be looking to buy or hold anything at this time.

My preference for now is to stay on the sidelines and be patient.

Current allocation:

 SpartaDEX NFTs

In the last newsletter I wrote about SpartaDEX, and the floor price of its NFTs has since gone up 60%.

So the project is getting off to a good start, even though it's running on testnet and hasn't officially launched yet.

This is probably something worth keeping on your radar.

Admin update

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Video of the week

People ask me how I relax:

 Quote of the week

On the ground, a rock is just a rock. But when moving at high speed through the atmosphere, a rock becomes a meteor—alive with fire and burning bright.

People are not so different. Without activity, we are lifeless and dull. When moving fast and taking action, we come alive.

- James Clear

Thanks for reading, and have a great weekend.

Cheers,
Slowmad

P.S. If you have any questions or feedback, let me know at: chris[at]digitalslowmad[dot]com

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