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🌐 Prices up, but the best is yet to come...

PLUS: The BTC symbol takes over the Vegas Sphere

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Sup, nerds!

Here’s what you’re getting in today’s edition:

  • 💅 This is cool: Prices up, but the best is yet to come...

  • 🔎 This seems important: Short term pain, long term gain.

  • 🤝 Partner: Unlock The Future of Making Passive Income with AI-Powered Trading

  • 🔪 Let's dissect this: The BTC symbol takes over the Vegas Sphere

Terms used in this edition (click for an explanation, or ask Web(GPT)3!):
Bull run, meme coin.

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💅 This is cool:

Prices Are Up, But The Best Is Yet to Come…

In one sentence: Citi has just upgraded its rating on Coinbase from ‘neutral’ to ‘buy’ (w/ a target of $345, from today’s price of $266), reflecting significant upcoming growth in the crypto space.

Citi, the Wall St big-dog bank (that’s its formal name), has just upgraded its rating on Coinbase from ‘neutral’ to ‘buy.’

(Forecasting the stock will hit $345, from its current price of ~$266, in the coming 12 months).

“That’s nice. But what makes this news ‘cool’ instead of, say, ‘stuffy and boring’?”

Glad you asked.

Here’s the logic that’s getting us all riled up:

→ The mania phase of the last bull run (when prices went violently up-and-to-the-right) was highlighted by Coinbase reaching the top of the App Store.

→ We don’t know how to predict when that will happen again…

→ But big banks, like Citi, put a lot of time and effort into predicting these sorts of things (it’s how they make their money).

→ For Coinbase to move up another 30% (after already moving ~52% year-to-date) would require a big ol’ uptick in popularity.

(Resulting in it ascending the App Store rankings).

In the crypto world, that movement is driven by one thing:

Crypto going up enough that your mom, dad, cousins, neighbors are all downloading the Coinbase app to try and catch the ride up.

And it’s in those times that the vast majority of money is made in crypto (especially for those that have been in the market for a year or more).

Very cool!

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🥇 Want the news before anyone else?

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🔎 This seems important:

Short Term Pain, Long Term Gain.

In one sentence: The market has become a tad over extended and begun to move down in what looks to be an “A/B/C pattern,” before (hopefully) reloading and pushing up beyond most recent market-highs.

Each day, we consume what mental health professionals have referred to as:

“An obscene and borderline dangerous amount of information.”

All so we can take what we’ve learned, boil it down to an easy-to-consume informational-syrup, and deliver it to you.

(That’s our excuse at least — honestly, we’d probably be doing it either way).

Here’s what we’ve learned over the past 24hrs:

  • The market has become a tad over extended, meaning prices have been due for a pull back, but have instead moved sideways

  • That sideways price action is finally breaking, and prices have begun to move down

  • But this is a healthy thing — as we said, the crypto market was due for a correction

  • The theory is, we’re now experiencing a move down (Wave A), which will be followed by a bounce back (Wave B), before we find a new short term low (Wave C)

The ideal final scenario would play out something like this:

  1. Prices cool down and complete the correction, at which point we receive a fresh/continued run of positive crypto news…

  2. Making the post-correction prices feel like a steal, inspiring new/increased investment…

  3. Pushing prices up beyond our most recent highs as a result.

Fingers, toes, eyes: crossed!

 

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🤝 Partner:

Unlock The Future of Making Passive Income with AI-Powered Trading

Here’s the current state of the industry…

There’s so many ways to “invest” your money right now that it’s hard to discern what’s actually legit or not.

Amazon FBA…

Dropshipping automation…

Airbnb arbitrage…

And the worst part is: unless you were a trail blazer who got in at the beginning it’s really hard to make good returns with these vehicles.

Now you can go ahead and try, but you’ll probably just find out the hard way.

But that’s why Advanced Orbit Solutions is bringing a new opportunity into the marketplace.

AOS has created an AI trading system that allows their customers to receive an average return of $5-10K per month*.

A system that’s hands off, allowing you to buy back your time while also securing you some of the highest returns you can find.

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*Past performance is not indicative of future performance.

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🔪Let's dissect this:

The BTC Symbol Takes Over The Vegas Sphere

In one sentence: Crypto.com has just taken over the Las Vegas Sphere with a massive BTC symbol, which could indicate the mania phase is coming (or it may just mean Crypto.com has way too much money).

We’re going to finish things off today with a bit of fumb (fun + dumb) news.

Crypto.com has just taken over the Las Vegas Sphere with a massive BTC symbol.

While it is the first crypto-related ad to be featured on the Sphere, it’s not the first to propose a big fat crypto ad on there.

Back in March, the Dogwifhat (WIF) meme coin community raised over $700,000 to get their dog on the Sphere.

Unfortunately for WIF, crypto.com beat them to the punch.

Okay, so this is fumb news, but can we squeeze a bit of meaning out of it?

The idea of having a huge BTC symbol on the side of the Las Vegas Sphere, for thousands to see in real time, and millions to see on the internet, means:

  1. The bull run is officially upon us - brace yourselves for mania.

  2. Now Crypto.com has broken the seal on crypto ads on the Sphere, expect plenty more.

  3. Crypto.com has way too much money.

Alright, that’s it!

Happy hump day :)

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What Are Meme Coins?

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Alright, that’s it for today!
Love to the family,

Chevy, Seb & The Web3 Daily Team.

P.S. Want to learn how to research and value cryptocurrencies? We have a framework that does just that.

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