GameStart
3 min read

GameStart

Cryptic ball: here's to the crazy bets.

The crypto market is up 3.5% over the past day. This may seem little, but if you look at the majors you'll see how BTC is testing the key $63k resistance and how ETH has just printed a new all-time high, finally conquering the $4500 mark - on top of news CME will launch ether futures this December 6th (oh, the December 2017 vibes!). So far, this ascend is going smoothly, with few taking notice, but it will soon enter the same parabolic mode experienced by smaller alts.

Take the case of Loopring's LRC, a Layer 2 scaling solution for Ethereum initially focused on DEXs. It's up 4.7x in the past seven days, having pumped 100% yesterday alone. The move follows rumours that GameStop the gaming company behind the popular GME stock ticker, will somehow use this protocol for its blockchain integration plans, namely an NFT marketplace.

I feel the train is past us, at least until more investigation surfaces, but you know how powerful the WallStreetBets crowd can be. These were the guys that mooned AMC and GME last year, and their cult following can create trends that last. However, if you decide to ignore the principles of responsible investing and follow the hype, please consider that if the rumours are disproved, then LRC will dump hard. As always, remember to do your own research and have a plan in place!


Visual block: here's to the new funds.

Jarvis Trading reports that Bitcoin funds have added a significant amount of bitcoin (through ETP products) to their portfolios for the first time since February. Overall, funds hold nearly 800k BTC!

Three things: here's to the metaverse pump.


Tweet tip: here's to the crazy games.

Funny how a simple game ended up being more powerful than many noble ICOs.

Meme moment: here's to the hodlers.

When alts go parabolic, especially shitcoins, trading becomes more of a sucker's game than it already is in "more normal" markets. Will you have strong hands to hodl or will you sell at 10x instead of 100x? It's about taking profits, not about losing exposure.

FV Bank: B21's sister company.

Featured in the American Banker magazine.

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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 guidance in the report will lead to any particular outcome or result.