Digital Slowmad newsletter
7 April 2023
Crypto portfolio update
Net return: 597.7%
Comments: Most of the attention right now is centered around BTC and ETH, with the former chopping between $27,000 - $28,000 and the latter breaking out to hit $1,900.
Sentiment in crypto Twitter is now mixed however, with some people calling for further rallies and others calling for a top.
Short-term liquidity sweeps (in both directions) aside, my guess is that prices will most likely go up in the coming weeks. The recent flurry of bad news in the industry has failed to take prices down, and I view this as a positive sign for the bulls.
Along with this expectation, my portfolio is now fully allocated:
I've recently come across this new gamified DEX soon to be launched on Arbitrum.
SpartaDEX aims to maintain deep liquidity by making it fun and rewarding to be a liquidity provider (kind of like what DeFi Kingdoms wants/wanted to be).
Unlike DFK however, the gameplay looks to be more akin to Clash of Clans where you develop a city and upgrade it to access more gameplay/rewards.
A few points about the project:
- Testnet was just launched 2 days ago
- Discord looks quite active
- Its Spartan NFTs were just launched and sold out in ~2.5 hours
- Spartan NFT mint price is 0.06 ETH
- Current NFT floor price is ~0.1 ETH
*Note: I'm not being paid to talk about this project; I just think it's worth checking out if you're interested in GameFi. (Disclaimer: I've purchased a few Spartan NFTs myself.)
It's still very early days but I like the premise of this DEX and if the team can pull it off, the upside is high.
But of course, as with all new projects the risk of failure is also high. So please DYOR as always.
Want more early introductions to projects like these? Consider joining the private group.
Stop-Motion Samurai Film
Stop everything and watch this:
Quote of the week
Chess masters know that to win you have to avoid losing.
The first thing they do after an opponent makes a move isn't to think about winning but rather to ask themselves: what's the threat?
Avoid stupidity before seeking brilliance.
- Shane Parrish
Thanks for reading, and have a great weekend.
P.S. If you have any questions or feedback, let me know at: chris[at]digitalslowmad[dot]com
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