- Go Brrr - Better Crypto investor in 5 min a day.
- Posts
- Narratives that make you money..
Narratives that make you money..
Click to register on Binance today.
Want to buy Bitcoin & Crypto?
I use & recommend Binance.com.
Whether you're a beginner or a seasoned trader, Binance offers you a secure platform, user-friendly interface, and low fees.
Good Morning
I hope you have a great week ahead.
Last week, there were concerns about the SEC's actions towards ETH, as they were trying to classify it as a security & FOMC meeting uncertainty.
This week might be about RWA & how the EU wants to ban anonymous crypto payments 🤔 (more about it tomorrow).
Today on Money Printer Go Brrr newsletter:
RWA assets on fire
Danger: Ethereum below 100-day moving average
Vitalik Buterin bets on ENS
4 things you should know
Before we start, let’s see:
Do you have a Binance account? |
Real Worlds Assets(RWA) tokens on fire 🔥
In crypto everything works based on narratives.
Crypto Narratives are popular thoughts or stories that are currently driving the value of crypto market.
If you manage to be early on a narrative that eventually becomes viral, you can make life-changing money.
Succesful narratives that we’ve had in the past:
DeFi
Crypto Gaming
NFTs
Scalable Blockchains
IoT etc..
In this bull market, the narratives that have started catching on are:
This week is about RWA
Real World Assets are starting to heat up.
Click to see RWA tokens on coingkeco.
Click to see the tweet.
Do you own RWA crypto tokens? |
Click to register on Binance today.
Want to buy Bitcoin & Crypto?
I use & recommend Binance.com.
Whether you're a beginner or a seasoned trader, Binance offers you a secure platform, user-friendly interface, and low fees.
Ethereum, our digital amigo, also caught in the downward fiesta.
From a high of $4,094, it's doing the limbo under the 100-day Moving Average.
What do the indicators say about this? Are we in trouble?
Blue zone - 100D MA
100-Day Moving Average: Ethereum's recent dip below this line suggests it might be entering a cooler phase, signaling a potential downtrend.
Support and Resistance Levels: the current scene shows a support level at $3,067. Eyes are on the resistance levels at $3,681 and $3,591, watching to see if Ethereum makes a move.
RSI Indicator: with the Relative Strength Index chilling below 50, it's hinting that Ethereum might be feeling a bit under the weather, trend-wise.
MACD Indicator: both the MACD line and its signal line have dipped below zero. This move aligns with a bearish outlook, suggesting Ethereum's price might keep exploring the lower side.
Vitalik Buterin bets on ENS
Before going further, let’s dig into what is ENS?
Ethereum Name Service (ENS) translates complex blockchain addresses into human-readable names.
Example:
0x8c651cbd6dCf45eb15fCEeEF99c3B416cE091341E → can be teddy.eth.
Utility: it's used for cryptocurrency wallets, NFT management, and hosting decentralized websites.
Growth: +2M addresses registered (that’s a lot).
Future Plans: aims to integrate with Ethereum layer-2 solutions for better usability.
And now, the hot-and-surprising news is that:
Vitalik Buterin, Ethereum's very own co-founder, has doubled the grant Nick Johnson, ENS co-founder, asked for from the Ethereum Foundation. 👏
Before becoming a crypto wizard, Johnson was hanging out with the cool kids at Google and dabbling in Bitcoin.
But then, Ethereum caught his eye with its charming programmability.
💭 If you’re looking for ENS you can get them → https://ens.domains/
4 things you should know:
Meme Of the Day
MEME of today
What'd you think of today's edition? |
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.x`