Tinyman

Tinyman is upgrading to 2.0. Tinyman, by the way, is the Uniswap of the decentralized trading of Algorand. Now, Algorand is another interesting thing. Algorand was another good short, another good hedge because it jumped up like crazy to 45 cents because it was kind of the official FIFA NFT platform. I hadn't heard anybody buy anything from there. In my network at least. And it's also down. So this is down from the week when everything's up. And the reason why is because the World Cup has started and nobody cares about. You sell the news. 

When it happens, like the World Cup happens, all these things that propped up these coins are going to sell off. And that is an opportunity to buy. When you have everybody selling off, there's no one left to sell, that is always good entry point. So Algorand is another good entry here. Poloniex has merged with Huobi. This made Huobi token shoot up. I'm not sure exactly if people are actually speculating on this, but it is up 46% over the week because of this merger. We also have HydraDX announcing that they're finally launching. It's a multipool automated market maker, which means that you can deposit multiple different coins in different pools, and they can use each liquidity to trade against each other. I don't know if that's going to work. I'm surprised nobody's done it yet. We also have, Launchpad's back at Binance. 

So the Launchpad means you have to buy up Binance coin and then you hold it for a certain period and you get a certain amount of tickets. And then the lottery, you get a draw of this Hooked protocol. Honestly, this is going to probably kill it because only 5% of the token supply is going to be for sale. And actually that's fairly high, I think, for a Binance Launchpad. But then that means that you have the floor price - like when we talked about with Aptos, $4 was a floor - we said $4 is probably the floor price because that's the VC price. And you can see the very, very low point was $3.92. So we were very close with our predictions here. And honestly, Aptos is probably also at its worst sentiment now. We're starting to see some apps come out though. Tsunami Finance, by the way, this is one of the projects that my fund invested in, is a Perpetuals protocol. They do have a free NFT trading. If you play with a test net, you're helping beta test for them, they'll give you an NFT. I don't know if that's worth anything. My guess is it helps you get lower fees. So just keep an eye out for that on their Twitter. I'll post that in the notes. 

And then for Chiliz, we talked about it already, probably a good “buy low” candidate. It's down so much due to the World Cup. I think everybody's out of the way. Now, Chiliz 2.0 is launching in a few weeks. It's actually positioned for a great time to buy. So let's make that the second spotlight coin of the week. I know INJ is already on the uptick, but CHZ is... The sentiment is so bad, sometimes you just got to buy the dip, that's the strategy. Finally, Luna launched a thing called Enterprise Money for DAOs. You can manage all the DAOs that you're a part of in the Terra blockchain. I believe there's two other TFL projects that came out as well. Luna itself, was getting unlocked this week, so I think this is timed to that unlock. So it's like having investors telling them not to sell off and dump everything. So that's my guess as to why that's happening. So we're probably going to not see a very high ceiling for Luna because of all these unlocks coming up. I think it's a daily unlock, by the way. Summary Injective protocol.

 I think the Binance news is more bullish than the ProjectX news, and is our spotlight coin on the week. It's currently at 1.60. Let's do a conservative price target at $2 because in this market, we keep getting curve balls thrown at us. Finally, CHZ. Probably hold this for about more until the 2.0 version comes out. The ceiling looks to be 29 cents which was very close to our shorting target. 29 cents is probably too far out. You might want to be able to sell it maybe at the 25, on the way up 25 cents, which is, by the way, an almost 30% gain. That's a lot. And then finally, if Ribbon dips again, I'm going to be acquiring more. And Phantom is the same. So Ribbon and Phantom, if they weren't up so much, they would've been spotlight coins. Those are good coins to acquire if they ever get back to pre-pump times. And the reason why is longer term. That means they're ready to deploy stuff and you want to be there when they actually deploy stuff. Again, I think the main two things to worry about is DCG and Genesis and the China COVID policy. 

I am in accumulation mode in terms of portfolio sizing. By end of Q1 of next year, I want to be 75 to 80% invested. And if there is indications that the recession is really doing an uptick, by Q2, I want to be almost fully invested, maybe 10% in cash. Right now, I'm like 50% in cash. So that is the portfolio allocations that I'm thinking of right now. I might be too late, to be honest. I might have missed the bottom if $1,150 was the bottom for Ethereum. Good luck out there. Honestly, this is supposed to be the worst time period. It doesn't feel like it. So that's why I'm a little bit hesitant to fully go all in on anything. So just enter slowly, accumulate slowly. Just remember, by watching this video, you should know exactly why the market is moving, which direction, and why, and if it's not enough or if it's too much. So I'll just keep posting all my thoughts on the news channel. 

Nabil Albert