Alts Cafe: Number Go Up Technology
This week I discuss Frog Nation, placing a leveraged swing trade, getting traffic to my poker site and listing a crypto domain for $69,696
Hey there 👋
In this week’s newsletter, I talk about:
🐸 The Fantom ecosystem
🦁 Those Lazy Lions
📈 Placing a leveraged long trade
🆙 Selling a crypto domain
♠️ Getting traffic to my poker site
Remember, every heading is a channel in the Discord - come join over 160 of us.
#crypto
So my Metis play didn’t go great this last week, it’s down over 50% according to Coingecko.
Brutal.
But I’ve been having fun going deep into Frog Nation with the forthcoming Solid Swap airdrop by Daniele & Andre to the top 20 TVL projects on Fantom. I made sure I was farming/staking on a few of them to qualify.
Below is a good video explaining what this cross-chain ecosystem for improving capital efficiency is all about. I’m particularly interested in Popsicle Finance and bought some $ICE seeing as it’s down over 80% down from its high.
However be careful out in the markets right now, the price of $TIME / $wMEMO (Wonderland fundamentals) has been tanking due to liquidations due to leverage.
#NFTs
Sticking with Fantom and the frog meme, I bought my first NFT on the chain, Pepe Knights on the Paintswap marketplace (and bought some $BRUSH).
And my Lazy Lions have been going up (now over 2ETH and inside the top 50 on Opensea) due to the launch of their 2022 roadmap this Saturday and the fact their marketing has been on point - check out this ad running in Times Square:
#trading
I deposited into the non-custodial decentralized exchange DYDX to trade perpetual contracts. This is because FTX, which I had been using, does not allow for margin trading in the UK so I couldn’t short.
I’m impressed by what I see with DYDX, especially how they pay your gas fee if you deposit $1K which is what I did.
And I’ve literally just placed my first trade, going long on Avalanche.
AVAX/USD looks to me like it’s a good setup (but I’m no expert, not an investment adviser, see disclaimer at bottom of email etc!).
The RSI is in the buying zone on the daily with a green 2 candle on the TD sequential (with the previous candle being a reversal hammer).
I went with just 2x leverage as never used leverage before.
I got filled at $69.88 and placed a 10% trailing stop at $62.90 which is the bottom of the first green candle on the daily.
Wish me luck as I don’t really know what I’m doing yet!
You either win or you learn.
#domains
I decided to build out a sales page for my domain ngut.com that links to a Dan.com landing page (rather than redirecting straight to Dan).
This is so I can explain what NGUT stands for within crypto, and add a bit of context for why it’s potentially worth over $50K (and why it has the ‘amusing’ price tag).
#contentsites
I’m getting traffic to my new website in the poker niche (being built on an aged domain), even though I’ve not added any content yet.
This is because Odys do such a great job recreating the main pages where links come into and mapping redirects from the old site to the new. I’ve noticed I’m getting some referral traffic from a Wikipedia link - legit!
Over 100 pages of content is about to be published by Content at Scale so stay tuned.
Ok that’s it for this week.
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Cheers!
Richard
Nothing in this email is financial advice and I'm not a 'professional investment adviser'. I send weekly updates on what I'm doing personally - consider it 'informational' and 'for entertainment purposes only’ (as the podcasts say).