30 Oct: Weekend Recap

"A better day is on the horizon. Go forth and seize the day. Go forth and learn to play. Go forth and create in your own unique way."

-Trasha Nicole Hickman


Happy Saturday! Let's get after it...


My Hot Take!

I am back providing you a weekly look at the news and all the fun stuff happening in the space. I still remain incredibly bullish on Bitcoin and Ethereum. The sentiment continues to be that both will perform well into the end of the year and possibly even Q2 of 2022; Willy Woo. However, it's Raoul Pal who is making a ton of noise on Ethereum. He believes this is the fastest horse in the race so you shouldn't ignore him on this because we could see ETH outperform BTC this bull run.


Biggest news article of the week for me is MicroStrategy BTFD to the tune of nearly 9,000 Bitcoin and the Podcast of the Week was Willy Woo talking with Preston Pysh forecasting a continue bull run that could last through 2022.


Well that's a wrapped burrito. Exercise patient and try not to get wrapped up in the day to day drama in the space. Zoom out. Remain focused, Stack Sats, stay STRONG, and HODL on!

 

GET INTO THE WEEDS!


Price: One week ago, Bitcoin was $61,393.62 and now it is $61,683.85. We are currently setting above the 10 SMA on the 3 month chart. I anticipate further upside momentum as we end Uptober and head into November. Sentiment remains the same, end the year above $100K. That would require a consistent $4K weekly candle for 8 consecutive weeks. However, I don't foresee that, I believe toward the end of the year we will see $20K candles as we reach a blow off top. Prepare.


Altcoins: Best performing top 10 Altcoin for the past week is SHIB; it is up +152.03%. I continue to see more articles where places are accepting SHIB - so just like DOGE I am not advocating you put your live savings in but having a lottery ticket might be in order. Runner up is DOGE; up +14.30%. The month of the DOG!


Follow Dat Money: Welcome to The Crypto Curator’s Block Party for the week of Oct 21-28. This week’s projects are jamming to the tune of $1.7B. The appetite for Digital Assets and Blockchain Technology is still strong and VCs are hungry!


Defi competition is heating up with NEAR, the Ethereum competitor, putting up $800MM for developers to launch projects on its platform. So put on your headsets and listen in because it will be music to your ears! .


Fab Five!

  • Monday: Avalanche of Institutions To Descend on Crypto Markets Over Next 12 to 18 Months: SkyBridge Capital CEO

  • Tuesday: Facebook CEO: Metaverse Will Be ‘Holy Grail of Social Experiences’

  • Wednesday: FDIC Chairman: US regulators exploring how banks could hold Bitcoin

  • Thursday: Don’t get bearish on Bitcoin just yet, says veteran trader who called 2018 crash

  • Friday: MicroStrategy Beats Estimates for Earnings, Revenue, Buys 8,957 Bitcoins in Q3


PODCASTS OF THE WEEK


KEY STATISTICS

- Price of Bitcoin: 0.04% (week) | Dominance: 44.2% | MC: $2.7T

- Mayer Multiple: 1.37

- Nodes: 11906

- Github: 31,230 Commits | 828 Contributors

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