Prologue
There is one thing that I have to make abundantly clear to all of you reading this article. What I write here is purely speculation and is by no means financial advice. I am not a financial advisor and you should take this content solely as education.
These articles, especially my opinion and analysis on the crypto markets, are usually reserved for Apez blessed by the divine light of whitelist. As we build our project I thought it fitting to give all of you plebeian Apez a sneak peek into what we have going on.
I’ll release more public articles, as we really want all of you to know, WL or no WL, that we sincerely appreciate you being in our community. And you should be excited for what’s coming.
#SCRAP
Hello, my Degen Apez.
Welcome back to my second article regarding the crypto markets here in our Degen community. I am your Head Degen Ape, Wolfe. I use my 4 years of expertise in CeFi markets to deliver analysis and personal opinions on the cryptocurrency markets. I do not bring you financial advice.
I hope you all enjoyed my first article regarding the precarious state of cryptocurrency last week.
Just as a quick follow-up to the last article, I wanted to review BTC & ETH, the proverbial “kings” of the market. This is as we must understand the rate of absorption that the news is undergoing in price.
News in any financial market must be “absorbed”. Once this news is absorbed, (some people say the news is “priced in”), the market will recover.
Absorption is a catalyst for grand moves to the upside, the S&P 500 took only 49 days to absorb the Covid-19 news in 2020 before making astronomical highs.
Bitcoin continues to hold that 53k region. 53k is currently the first barrier to fall upon Bitcoin’s siege to the downside (whenever that may be).
BTC is yet to actually tap this 53k region but at this point, it’s a matter of time. I must say that things do not look overwhelmingly bullish for Bitcoin. The large red zone highlighted is where price will be delivered upon a break of 53k.
I’d like to note that the lower low printing that occurred on the break of the 28th October low has now fallen. Although I believe Bitcoin will easily recover.
The financial footprint of Bitcoin signifies more money leaving the market than its most highly correlated asset, Ethereum.
We discussed the manner of this departure of money in our previous article. Reviewing the ideas of orderblocks. We see another footprint of traditional manipulation in the crypto markets over in Ethereum.
Our Ethereum chart still refuses to take that previous 28th October low. Meaning trend can indeed be considered bullish.
I believe that as long as we don’t break below the 28th October low, we can remain bullish in our thesis on Ethereum.
Furthermore; you will see I have drawn a Fibonacci extension on this chart. This .705 level has extreme significance in international markets, due to IPDA, a software used by banks to manipulate foreign exchange prices to their advantage.
This level when touched and reacted from perfectly is a tell-tale sign of manipulation. There is someone that wants you to be scared in the crypto markets, and they want to buy your fear.
I would like to talk more about IPDA and the .705 extension, but I am under an NDA that prevents me from disclosing too much. If you wish to learn more I suggest you research IPDA yourself, but I digress.
The biggest opportunity in blockchain gaming
I have noticed that many of you found my last article lengthy and difficult to digest. I don’t want my writing to lose the heavy Alpha that you guys love ❤, but I’ll try my best to break it down in a way that everyone can understand.
This is also the first article that I have released for the whole community, so I want to make sure that everyone, no matter their knowledge of the markets, can understand my thesis.
What I am here to talk about, is IDOs, initial DEX offerings.
IDOs — A new method of crowdfunding.
You can view the CoinMarketCap definition of an IDO here
Without delving into the technicalities of what a liquidity pair is, you can think of an IDO as the whitelist for a coin. Your opportunity to get in at the pre-sale of a token, for a much lower price than everyone else.
I’m sure many of you are familiar with blockchain gaming, and the gains that can be made from it. I’ve given an example of an IDO for a project many of you may be familiar with below, so you can understand the magnitude of the gains available.
The project we will be discussing is Thetan Arena THG.
Thetan Arena is a mobile battle royale game native to mobile.
IDOs are often offered on launchpads. You must stake the native token of the launchpad to get an allocation for the IDO (To get whitelisted). Here the native token is KAI.
Let’s do some maths to work out how much THG you would have received if you invested $1000 into the Thetan Arena IDO.
If I ever make a mistake in my mathematics or calculations, Ping me in #degen-zone. Believe it or not, I’m not an alpha robot, so I do make mistakes ❤.
KAI Price on 16 September = $0.05
1000/0.05= 20,000 KAI.
1THG = 1.6Kai.
20000/1.6= 12,500.
This would have left you with 12,500 THG tokens.
Just for hype purposes, let’s use the highest price THG achieved for our calculations, $21.65.
12500x21.65 = $270,625.000
$270K, from a $1000 investment.
This of course is an incredible example. The team behind THG is amazing and already had a game ready before launching the project. Furthermore, mobile games are a missing market in the P2E scene, so they held a strong first movers position.
Let’s just take a moment to grasp that return. 270x.
Now please for the love of God don’t just start aping into every IDO. Research needs to be done, data must be collected. That is how we invest. You can go to any launchpad and see failed projects.
There is an upcoming IDO on the 30th of November, Monkeyball.
Monkeyball is launching on the StarLaunch launchpad. As smart and disciplined investors we will use this IDO as a performance indicator for our next project, which I will discuss later.
As the markets have recently corrected from a huge level of investment due to metaverse and gaming hype, we have to be diligent in picking investments that we feel have real backing.
We know that money is flowing out of BTC and into ETH from our divergence analysis, so we know that movement of money from ETH into alts is imminent.
We will review the Monkeyball IDO, and most importantly, see how price reacts in the coming days after the actual IDO date.
We need to do this to ensure that when the IDO happens, there will actually be people buying the tokens that the IDO entrants will inevitably sell (profit taking).
An instant sell-off after IDO isn’t as common as people think.
As we can see, Thetan Arena launched and had an insane jump in price.
(See massive moon candle)
It then sold off for 5 days, allowing the quick flippers to take their profits, before going on to new highs.
Some of you may be asking why these IDOs don’t have an instant sell-off if the people investing are experiencing 10–50x gains immediately?
The reasoning is that the liquidity is evened out by the interest of the undervalued asset. (Many sell, More Buy).
All IDOs are offered in a raffle style fashion, getting a guaranteed allocation for an IDO is often difficult without huge sums of capital. Due to this, there is still a huge amount of open interest right after the IDO launch. (As many people couldn’t actually get in the IDO, but still want to invest)
Now granted this is only true pending 2 factors.
1) People believe in the project.
2) People are buying gaming tokens post IDO.
Monkeyball does have a working game (although no beta D:) and has enough hype driving it to serve as a good indicator of investor interest in the gaming market.
I will post an article reviewing Monkeyball price action for ALL members of the Apez community come the 30th.
This will be our data that will allow us to establish further confidence, or exercise restraint in our chosen IDOs.
My Investment
I would like to make abundantly clear that I have invested in the project I am about to discuss. I mean in no way to sway your own personal investment decision and you should always do your own research, this is not financial advice.
The project in question is Sidus NFT heroes.
You can access all of the official Sidus links by clicking on the “Sidus” in the title of this section.
Sidus NFT Heroes is a play 2 earn blockchain game. The first game introducing WebGL. This means that the game can be played completely in the browser.
I know that a browser game doesn’t sound appealing. But play the Beta and you will see that the game is still incredible. The team is insane, the backing is insane, and they already have a working demo of gameplay mechanics. Allowing browser gameplay lowers barriers to entry for those with low-quality computers.
Their whitepaper is a great read, going over the current market, describing their room for growth.
Sidus seem to announce a new partner every day and have incredible backing. The classic P2E gaming greats such as Animoca brands are of course involved. The project is actually powered by NFT Stars and PlayDisplay, two giants in the space.
I shouldn’t sit here and shill you the project too hard, I suggest you read this article if you want a quick description of the project.
Sidus is also creating an NFT marketplace, allowing you to own the characters within the game.
Now let’s jump into tokenomics (my favourite part).
Sidus is offering their Sidus token for $0.0018. An incredibly low price. Investing $1000 into Sidus would grant you 6250000 of their token.
There are many ways to join the staking pool in order to gain an allocation to Sidus, the best-guarenteed way would be to stake Milk2.
The CEO of Sidus is also the CEO of SpaceSwap, a swapping service and a launchpad.
Staking 5000 Milk2 will get you an allocation to the Sidus IDO. At current market price of
I believe I am unable to shill the project much harder due to legal constraints, but all necessary links can be found in an easy to navigate contents below:
www.spaceswap.app — website
https://twitter.com/spaceswapdefi — twitter
Guide — YOU MUST ENSURE YOUR MILK2 TOKENS ARE BINANCE SMART CHAIN, BEP20.
A must read article if you are investing in Sidus!
Footnote: Milk2 staking only guarantees allocation, it is not clear whether a separate pool of funds will be required to actually buy the token. As the milk2 is staked for 7 days.
As a final homage to our article and our Sidus/Spaceswap saga, I’ll leave you with a wonderful and hyphy Twitter post from the Sidus team:
I thank you for reading, and hope you enjoyed.
If you have questions, corrections, or just want to chat, tag me in #Degen-zone for my plebian apes, and #defi-degens for all my blessed apes.
Updates to come, good luck ❤
-Wolfe
