The Nomad way
3 min read

The Nomad way

Cryptic ball: true digital nomad.

Another day, another hack in the cryptoshere that surrounds us. The market barely flinched, showing how normal losing ~$200M in this industry is. But it's a sign of its resilience, as the exploiters can't just sell the funds and instantly depress prices!

  • What's next? It's clear we are consolidating and I continue to expect the next leg to point upwards. One just needs to be mindful that a minor dip may occur in order to trap late bears - but nothing significant is on the cards.
  • Yes, miners are concerned about losing their revenue once Ethereum switches to PoS, but that's known for a long time ago. And it's normal for any move in prices to have pauses - especially in turbulent times like this.
  • However, it's also clear the market is discarding the chance the Merge will be smoothly implemented, especially the fact that miners will likely continue to support the current PoW version of Ethereum - which will be confusing!
  • Anyway, stocks are also trending sideways as global markets await confirmation of Nancy Pelosi's landing in Tawain tonight and of the backlash it can generate in US-China relations. But that chicanery should be over soon.

As usual, let's keep monitoring these trends and keep an eye out for all the things Merge. Ether is outperforming all Layer 1s and total crypto market cap, and it will likely stay that way until the network's upgrade either succeeds or fails.

Chart art: true world computer.

This and price dominance are key metrics to watch out.

Three things: true free for all.

Tweet tip: true insider trading.

LOL, Bill Ackman is such an angry bear. And Nancy Pelosi such a meme!

Meme moment: true alternative airdrop.

LMAO! Don't even touch it, bro. Oh, and Cobie remarked "Ethereum is pumping as people buy ETH for gas money to exploit the Nomad bridge". Oh, this space!

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Our newsletter offers opinions and insights from analysts in the cryptoasset space. It is not intended to be investment advice, and should not be treated as such. You must not rely on its information as an alternative to financial advice from a qualified professional. Without prejudice, we do not undertake or guarantee that its information is correct, complete or non-misleading; or that the use of the guidance in the report will lead to any particular outcome or result.