Good day everyone,
I hope you are all well and are had an excellent week, welcome to CryptoGod-1’s blog on all things crypto. I am continuing my series based off some of the most interesting news stories of the last week, some of which I have written posts about on here. Within I will be making use of some Meme's as posted in the Reddit Group Crypto Currency Memes to really get the message across of what's been going on. Enjoy :)
Elon Going All In on Doge
This week saw a big move by Twitter, as Elon decided it would be best to replace the blue bird logo with a Doge Dog on Monday. By Sunday the blue bird was back where it belonged, but not before basically everybody had a freak out about it and claims of Doge to the Moon were back.
The meme coin added as much as $4 billion USD to its market value as the markets reacted to the news, and 'all in on dogecoin' was certainly the theme of the week. On Tuesday alone the price of the meme coin surged from around $0.07 USD right up to about $0.10 USD.
At the time it made Dogecoin the 7th largest cryptocurrency by market capitalisation, as its value rose to $13.7 billion USD. Its market value stood at around $10 billion USD before the news.
The value has since settled back down with Doge currently trading at around $0.082 USD, but hey, at least the holders got to see it surge upwards for awhile and dream once again of the fortunes they could be making if Elon would just Tweet about it more often.
$ARB Showing why Decentralised is Important
Did you all manage to get your $ARB airdrop? It was so important as it finally allowed the community voting rights to enact important changes and decisions within the network. The Arbitrum Foundation however does not feel the same, and they sold a portion of tokens before a governance vote had even been concluded, leading many to question how "decentralised" Arbitrum really is.
New to the Space?
With banks going under and so many looking for an alternative, expect plenty of people to jump into crypto for the first time over the coming weeks and months. Remember to treat them just as well as you were treated when first entering the space.
Just hang in there newbies, no matter how many ups and downs you have, there is always something to aim for. Make sure you pick the right type of investor to try become, and do everything possible not to be the investor you most likely are.
Just remember the key principle that no matter how much work, effort, and research you put into it, there will always be some lucky kid out there who stumbles across the jackpot and hits gold on a coin named 'cumrocketcoin' or 'bigboobyboobies' or the likes. The joys of crypto in my opinion lol.
Any day now SHIB Holders
SHIB hit the $6.5 Billion market capitalisation and with news on the 'Shibarium' slowly trickling out, many holders are excited, even expecting the coin to shoot for the moon in the very near future. Just look at one of the enthusiastic hodlers below.
Life in NFT's is Difficult
We have all been there, seen the NFT space, thought about trying to make our fortune from it. For those who bought some luxury NFTs back in the boom of 2021, at least they can put their minds at ease when considering the real value of that NFT today. Its just a pity nobody considered the fluctuating market when spending all their ETH back then.
As for those trying to break into the NFT space now. The bubble has burst and the hype is dead, but never fear, there is always hope it will grow in traction once again. Just make sure you create an NFT with some sort of function of utility, otherwise you might just become this guy.
It was Craig. Everything. He did it all
With his UK Court case abandoned, the self proclaimed creator of Bitcoin has had to venture down other avenues. We all know he likes to consider himself Satoshi Nakamoto, but Craig feels that's not enough. Not only is he claiming Apple are breaking the law via having the Bitcoin whitepaper, but now he is claiming he is in fact the real creator of Harry Potter. You just couldn't make this stuff up.
It doesn't stop there, he is everyone, nobody is safe, Craig Wright will claim all of you one day.
Which Type of Bitcoin Investor Are You?
We all had our own reasons for entering the Bitcoin space, and likely we all fall into one of these categories. The big question is, which Bitcoin Investor are you?
No matter which one you may be, just make sure in a couple of years time you can look back upon your time and be proud of your efforts. Stack those Sats!!
Have a great Easter for all who celebrate it, and enjoy your week ahead.
Peace. CryptoGod-1.
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