Next in our exploration of NFTs in the Cardano space is...
The ape society!
Ape society is a 7000 nft project where you buy one ape that belongs to a category of apes. Each type has its own benefits, (craftsman can build things and sell them into the market, merchants receive commissions based on the made purchases on the market, etc) Each different has a different multiplier coefficient to receive $society tokens when they are staked.
Worth mentioning that the $society token seems to be deflationary as they are being burned when they are used to make some purchases so that is a good thing.
Now, each ape can have a cabin where they can hold frames and set some items purchased in the market. The cabin is nothing but a basic built 3d space, where you can admire things but you can't interact with them so, is not a metaverse... maybe we can just call it a meta-room.
What is the price of an ape?
The cheapest so far I was able to find is Manley Green priced at 1645 ADA (~911USD).
Still I am not really sure what is the utility here besides owning some 3d work. In my honest opinion, there is still not real application in the physical world so I guess the end goals is to make money with it by waiting for prices to go up, and earn passive income by staking and selling items in this Ape Society.
To me this project is cool but still overrated. Let's see why...
Artwork: Ok. Is not the best but also is not that bad.
Idea: Original. To me it feels like it's a reduced version of the planet of the apes
Earn: Staking provided with their own token is good. Selling/Buying things in the market is a good idea.
Merch: Nope
Physical World impact: None
I hope you like this analysis and let me know what do you think about the project!
#cryptocurrency #cryptotrading #nft #cardano #apesociety #randomthoughts
GM noisers! It has been quite some time since I made a little noise about Cardano charts and potential prices.
As we can see we went up and down several times (2h chart) so right now we are on a downtrend flag. I think the next price could be around $0.51~$0.53 which is a range where ADA waited a little bit before going up. Worst case scenario is that it will fall towards the $0.47 range. Best case scenario going up towards the $0.57~$0.60.
Before I go... I just wanted to ask you something...
Do you like content like this and exploring nfts projects highlighting benefits,etc? Let me know your thoughts on the comments! Also where do you think Cardano is going to do next!?
Stay safe and be blessed!
#cryptocurrency #cryptotrading #ta #cardano #ada #randomthoughts
I just dived into the NFT world looking for something interesting. However, there are too many projects currently so let's explore a little bit the NFT space within the Cardano ecosystem, starting from the top (based on CNFT.io): SpaceBudz.
SpaceBudz is a collectible range of austronauts and that's it. Yeah. No roadmap, no merch, ... nothing. It's just a collection on images that will not provide any utility at all. So if you start looking into these ones then the only viable option is for this to go up in price maybe because of the symbolic meaning that they were the first nfts available in the Cardano blockchain which is kind of similar to cryptopunks.
Unfortunately the price of these nfts had dropped a 30%.
One last thing. It seems that the team is still doing some development. Last update (may 2022) allow the users to provide some identity to their nft (so you could provide a name to your spacebud), who it belongs to, etc and store all that information in the blockchain.
Not bad!
Still I don't see the point of buying one for thousands of ada (7k ~ 8k = $3500 ~ $4000 )
So, to conclude... My veredict on this project is...
Overrated
Thoughts?
#cryptocurrency #cryptotrading #cardano #nfts #randomthoughts
Hmmm I have a question about Nfts. I l decided to dive into this topic and check projects but not sure if I should focus on smartBCH, ETH, ADA, or SOL projects.
I've seen so many rug pulls in smartBCH that I'm not sure this is right space for nfts anymore...
What do you guys think?
#cryptocurrency #cryptotrading #eth #sol #ada #nft
We are still moving along the 27-30k BTC range. Pretty boring stuff at the moment so I guess now it's a good time to remember to revisit plans and approaches. In my opinion, we shouldnt pay attention to all time highs and all time lows. Pretty much now can buy and sell at those exact times. Rather than looking at those, why don't you check if you made some profit? If so are you going to sell it so when it's down you could add up more?
Asking the right questions lead to the right answers. Also, learn to be patient. Overnight success doesn't happen overnight. It is done by nights and nights of hustle.
These are my thoughts for today.
#cryptocurrency #cryptotrading #btc #hustle #bearmarket #randomthoughts
Finally! Coinbase learn and earn is back (at least on the mobile app). Giving up to $3 worth of the Mina Token!
It's always great to get some free crypto. :D
#cryptocurrency #cryptotrading #randomthoughts #coinbase #learnandearn
I was out for some time but back again with some TA on the 2h chart on Cardano. It seems that we are in an upwards flag, which means that we are breaking or pausing a little bit from a downtrend before going back to the previous prices (yeaaap... it seems that it will be a down to potentially 0.52 again) Not sure until when that flag will hold. So maybe good for doing some swing trading? In my case I won't do it. I'm just waiting for the $0.30 target . My limit order is already in place within uphold so... I just have to wait. No rush!
#cryptocurrency #cryptotrading #cardano #ada #randomthoughts
As expected, ADA price went down. It is trying to recover a bit before going down again. Probably this time we will see it going below the $0.5 mark.
#cryptocurrency #cryptotrading #ta #cardano #ada #randomthoughts
Again for the ADA price, we broken above the falling wedge and now we can see that we are on an ascending wedge which is a bearing flag, meaning it tends to go to the downside. Probably in the next 8h to 12h, because we are still looking into the 4h chart. So I think we could see something happening later today.
What do you guys think?
#cryptocurrency #cryptotrading #cardano #ada #ta #randomthoughts
So it seems I was right! We broken above the falling wedge. For the next one we need to double check what is the behaviour... Probably a tomorrow task.
#cryptocurrency #cryptotrading #cardano #ada #ta #randomthoughts
A little bit more of TA on Cardano. On the 4h chart we can see a falling wedge pattern that could potentially pump a little bit the price of ADA. Still it could go down but let's see how it goes!
#cryptocurrency #cryptotrading #ta #cardano #ada #randomthoughts
I was playing around this morning with trading view and the 4h Cardano chart and here we go. We broken towards the downside and potentially towards a price target of around $0.30.. it could be a fake out though... So we have to be careful and look for confirmation signs that this goes towards that level of resistance...
Hopefully we could see a bump before the hardfork.
#cryptocurrency #cryptotrading #cardano #ta #randomthoughts
This is kind of related to cryptocurrency as Cardano uses it under the hood.
In any case, I started revisiting Haskell. I did some at Uni but completely forgot about. I have been always tempted to learn it back before even I heard about Cardano and now I think is time for me to do it.
If you are interested Cardano developer documentation is pretty decent and good. The ONLY thing a little bit confusing (in opposite to the regular model as in Solana or Ethereum), is the e-UXTO. Other than that I do no see many issues. Also, the 3rd cohort for the Plutus Pioneer Program is closed but due to high demand, they might open another round in summer. So worth to check it out.
If you want to also build something with Cardano, you can start if you have no previous experience with Learn you a Haskell for great good. (link here: http://learnyouahaskell.com/ Free online). Then move to the Cardano developer documentation right after (link: https://developers.cardano.org/docs/get-started/).
If you know Haskell then go to the latest.
#cryptocurrency
#cryptotrading
#cardano
#haskell
#ada
#randomthoughts
The luna drama still goes on. And honestly it's going for long. Problem? Consensus and Trust. The chain depeged, millions of dollars lost. How would anyone trust that chain again? Secondly even when the creator is involved and tries to fix this, how can you ensure that everyone is ok with your plan?
Meanwhile people trade cosmic luna dust, trading millions of luna just worth pennies. Luna is becoming a sh*tcoin unfortunately.
Let's see where this thing goes but probably it will last for months...
#cryptocurrency
#cryptotrading
#luna
#ust
#randomthoughts
Well, nothing much has changed. Market even thought is a little bit up, I still think it will sink up a little bit further.
However I am not worried. I might sound a broken record because of all the times i said this, but revisit your goals and adjust the approach if it not working.
By the way, I've seen Alex Becker going full in into shorting LUNA. Anything with potential and super low prices, makes degens. An yet again, every time the same story repeats:
- If you sell on tops, they call you crazy.
- If you buy on lower going to zero, they call you crazy.
Then... when do people make profits?
Sometimes this is also worth to remember.
What is your plan?
#cryptocurrency #cryptotrading #randomthoughts #LUNA #BTC #BCH
Since the infrastructure bill in the US, we got more involvement from governments and corporations into the crypto space. Now the whole crypto market is crashing non-stop. Coincidence? I don't think so...
#cryptocurrency
#cryptotrading
#randomthoughts
#Cryptocrash
I don't know if people saw one of Charles Hoskinson last videos "a few musing" but oh boy... It was really good. I like the way he talks and engages with the community. And also he explains thing pretty clearly. And to be honest, I haven't seen so far any other blockchain creator that is so engaged with the community. And we have soooo many chains to choose!
https://youtu.be/pNH_PvkVN74
#cryptocurrency
#cryptotrading
#randomthoughts
#cardano
Was looking at the following video from Bitboy Squad and it made me think if the whole TerraUST/LUNA was actually forced by 3rd parties. And it makes lots of sense! Governments are pushing to get CBDCs instead of using algorithmic stablecoins, but if the governments go to big corporations and asked the make a dump on this what can they do?
Also, this situation will be used as an excused to push regulation on stablecoins and everytime there is something that will not go the way the governments wants they will say... " Well, look at what happened here with TerraUST and Luna!"
It just such a shame that this situation happened...
#cryptocurrency
#cryptotrading
#randomthoughts
#stablecoins
#luna
#ust
Just a shame to see the UST/LUNA going down like this. Still I have faith on the project. To me, the problem was that most of UST/LUNA capital was probably BTC. So this massive downtrend impacted them heavily. Still, I think the project is promising and provides tons of features and potential growth.
However, I still think we could go lower with BTC. Just waiting to see if we hit that bottom and there is some sort of consolidation, accumulation there. Probably there, is the right time to invest. So for now, setting BCH aside (well swapping to DAI or USDC), then waiting for it.
#cryptocurrency
#cryptotrading
#randomthoughts
#bitcoin
#luna
#ust
Ah.. it's good to be back. I was busy with work and had not time to come back to the platform.
Some things happening:
- I stopped drinking coffee. No caffeine for me. Almost a week and it's ok.
- Markets are crashing
- Millionaires are being created
-Terra Luna is way down.
Also Ada is looking me like with shiny eyes. Less than $0.75 and huge potential with Hydra.
I was fortunate enough to set some limit orders on uphold so I was able to catch it on the moment down before surface back in. It went a little bit further down of what I was expecting but not bad. However, my strategy has not changed. Still DCA with BCH, and whenever I got enough, I'll change it into blue chips, then keep accumulating and earn passive APY.
Simple, but it works for me.
Now, just a little time to think. Yes, to think and modify approaches. Because this time, that the markets are down, is the time where millionaires are being made. I mean it. Those "millionaires" are people that persevere, and didn't give up. Now it's a time to plan for the next thing, and have 2 plans:
- When things go your way,
- When things go wrong.
If you plan ahead you are waaay ahead many other people. And sure I am a regular guy interested in crypto but my goals is clear.
Is it yours?
#cryptocurrency #cryptotrading #randomthoughts #bitcoin #ethereum #cardano
BTC dumping hard! From $39k to 36.5k in a short period of time.
Are we going even further down? Probably. Or I least I think so. In my opinion we could reach lower than this going into the $33k area before going up.
Well at least that's what I think...
#cryptocurrency #cryptotrading #bitcoin #btc #randomthoughts
Oh well... Markets are down, we are constantly going from mini pump to mini dump, and then accumulation phase. Nothing much you could do here I guess... In any case it's time to review yours plans and adapt. For me, last month I made $25, that I will put those to earn probably 4 to 5% APY in Nexo. I had upgraded however the amount of payments of noise cash to be the max allowed which is $10. The reason is to avoid some extra mini transaction fees.
In terms of the goal I made (e.g earn $300 over 3 months in noise cash) I failed. I made just $100. I wasn't consistent enough during this period of time so... Lesson learnt.
Worth mentioning that I was so busy at work (real busy not making myself busy) that I wasn't able to post 3 post per week in the blogging sites. However I see a huge potential and benefit to put out your thought into a either physical journal or blog. Everyone has a story or a journey to tell. And you can learn from other people failures, so you don't do the same mistakes.
Anyway... It's all I've got for you today guys.
Stay safe and be blessed.
Iggy out!
#cryptocurrency #cryptotrading #randomthoughts #btc #bch #earnings
Warren Buffett has said he will not even buy all the BTC in the world for $25, mainly because she wouldn't know what to do with it. If he got it, he would have to sell it so for him it has not really value. So yes... He has a point, if the thing you buy doesn't not have a purpose then you cannot really do much with it. Fair enough... Now, this is an issue with the whole adoption and use of that coin. Pretty much money was created to facilitate transactions, to get something for something else. It was easy to carry coins than bringing sheeps or cows and trade this for other stuff.
Now crypto needs adoption. The more people use it, the better. But the problem I guess is that in some countries the use of these coins could threaten their financial systems and of course, instead of embracing it, they react against it and ask governments to deal with it and ban it...
Sad but true.... we still need more people using it. And I really hope Australia becomes a hub for crypto companies...
#cryptocurrency #cryptotrading #randomthoughts #btc #bitcoin
It might already been asked but I'm wondering why cardano is not booming... I mean, Eth gas problem is a big deal, smartbch suffered multiple rug pulls, solana is down every 6 months or so... Cardano kinda solves everything and still is under $1. What is wrong? What is the issue?
#cryptocurrency #cryptotrading #btc #randomthoughts #eth #ada
Finally the wait is over.
Now we can link Brave with Gemini on Android phones!
Yeeeees!
Bye bye uphold 4 devices limitation and hello freedom!
#cryptocurrency #cryptotrading #randomthoughts #uphold #gemini #brave
Coinflex is out today but their APY is like 5% where other places had like 8% to 10% (Nexo/Celsius)
Also, you need to mint the flexUSD so you could earn APY every 8hours but still... Not worth it. The least when getting $100 on coinflex is 1cent per day.
To me, that's not a good option...
#cryptocurrency #cryptotrading #coinflex #flexusd #randomthoughts
Well I didn't caught the fake out, but... I think I was right about the crash coming. Still fear index is not around 15, neither we are around the targets I set.
As far as I understand, there are 2 ways to trade.
1/ Catch a falling knife - Meaning, try to guess the exact moment where the bottom will be.
2/ Waiting for a confirmation of an uptrend.
I will try the first one. Not sure if I will make right but, I will implement it in my trading portfolio, not my long term one.
I don't think we will go below $30k, but who knows!!?
#cryptotrading #cryptotrading #randomthoughts #btc #investment
Ok so apparently the upcoming crash was a complete fake-out. However...
Am I the only one sensing that the big crash is coming next? I don't know... maybe is just me but my spider-sense is tingling.
Hmmmm...
#cryptocurrency #cryptotrading #randomthoughts #bitcoin #crash #arewebearyet?
I just watched one of crypto crow videos and, to be completely honest... it's good. Really good. He talks plain and straight and he does not sugar coat it. No hopium like other youtubers. Just looking at facts.
If you watch his video it makes a lot of sense. Basically he argues the current market and interpolate that to the previous halvings of BTC. Base on factual data it makes sense that we go way down to the 30k range before going up for the halving in 2024.
Sure, retail buys BTC but whales (aka big corporations) usually will buy BTC, sell it so then they could declare capital loses and enjoy some tax relief.
And it makes total sense!! Does it mean you cannot make it? No. You just need to be aware of the current situation. Plant your seeds, check the weather, protect the seed if it has sprouted, etc. It doesn't matter if we are in an uptrend or a downtrend. If you really want to make it, you will laser focus on doing it. For me it's a MUST and not a SHOULD, because if it's a MUST, I will do it. If it's a SHOULD, I probably will not take the time for it.
More info here: https://www.youtube.com/watch?v=S-hGZRfc3oM
It's all I have for now. Stay safe and be blessed!
Iggy out!
#cryptocurrency #cryptotrading #bitcoin #randomthoughts #btc
I watched over the past days the undercover billionaire TV Show where Grant Cardone went undercover for 90 days, with $100, a truck and a cell phone with no contacts and built 5.5 million dollar business from scratch.
Wow... it's just wow. I'm super pumped at the moment. I mean sure it's hard (and he even say that during the show... - "It's hard when you got money. It's impossible when you don't" )
He went from nothing (because he did not even spent the default $100) to create an empire in a not well known small town.
If he can do that, anyone can do it. Surely he had the experience doing deals, and real estate but the underlying truth is you can build something big with nothing. And that's is the exciting part.
Some key things I took from the show:
- Show up, even when you don't want to
- Never quit, even when it's hard
- Think outside the box
- Energize, bring the passion on everything you do
- Promote, promote, promote
- Best know, it's better than the best
For sure, I will implement this strategies on my apps. Me too I want to create something big from scratch in the crypto space and, to be completely honest, I am scared. However, I need to fully embrace that fear if I want to overcome it and do something great and help as many people as I can.
And this is why I am developing my Self Development app, so I could track things down and push against the resistance of fear. Sure it's a kind of a guided-notepad but it works! Because unless we see the goals daily, the whys, and the visions of something better we usually forget about them and we keep doing things in our comfort zone.
My app: bwell.netlify.app
Nearly 6 hours of tv show condensed.
https://www.youtube.com/watch?v=DrKEq3VCpaw
Anyways... I wanted to drop this here.
Thanks for reading until the end and take care!
Iggy out!
#cryptocurrency #cryptotrading #randomthoughts #selfdev #btc #empire