EllioTrades

Share this post
October 29, 2021
www.elliotrades.xyz
EllioTrades Daily Roundups

October 29, 2021

Will Ethereum Lead the Greatest Altcoin Rally of All Time?

Oliver Grah
Oct 29, 2021
7
Share this post
October 29, 2021
www.elliotrades.xyz

Introduction

Now that Ethereum is on the cusp of breaking into price discovery mode, all eyes are on the smart contract king. Will it mark the kick-off to a glorious altcoin season or will the struggling stock markets hold back Ethereum for now? Soon we will find out.

Twitter avatar for @rektcapitalRekt Capital @rektcapital
Altcoin Market Cap is attempting a breakout past its final resistance level before Price Discovery #BTC #Crypto #Ethereum
Image

October 28th 2021

160 Retweets964 Likes

Ethereum Challenging Its All-Time High for the Second Time

  • One thing we have seen time and time again is that after a massive move by Ethereum, altcoins started rallying like crazy. In some cases, ETH even pulled BTC behind. Will today be the historic day to kick off Ethereum’s rally to new all-time highs?

Twitter avatar for @rektcapitalRekt Capital @rektcapital
$ETH turned ~$4000 into support and levitated towards ~$4400 Now challenging for a break to new All Time Highs #Crypto #Ethereum
Image

Rekt Capital @rektcapital

Turn ~$4000 into support and $ETH will levitate towards ~$4400 for a break to new All Time Highs #Crypto #Ethereum https://t.co/4V6xOBqDeu

October 29th 2021

15 Retweets176 Likes
  • Meanwhile, more ETH is burnt than ever.

Twitter avatar for @ultrasoundmoneyultra sound money 🦇🔊 @ultrasoundmoney
🔥 24h burn record 🔥 💨 16.8K ETH vaporized 💨 🦇 ultra Mach 13 🦇
Image

October 28th 2021

41 Retweets200 Likes
  • Stock markets seem to be the only thing holding back Ethereum today…

Source: CNBC

The Metaverse Party Is on 🔥

  • Facebook’s huge announcement yesterday to rebrand its social media empire to “Meta” seems to have a significant impact on the crypto markets, igniting the Metaverse narrative in a major way. Metaverse-related tokens are pushing into double-digit gain territory across the board with CoinGecko’s Metaverse category up a whopping 262.2%.

  • Is today’s impressive price-performance just a blip on the radar? Probably not, since Facebook will bring the Metaverse narrative – which has already gained traction within the crypto community – to a much larger audience. Just look at the Google search trend for “Metaverse” below 🚀.

Source: Google Trends
Twitter avatar for @iamDCinvestorDCinvΞstor @iamDCinvestor
if you're iffy on this "metaverse" thing, thinking it's a bunch of frivolity, the stakes are WAY bigger than you can imagine: it's about the future of digital interaction and digital commerce, in a world going massively digital and it'll be how many people work within 20 years

October 29th 2021

17 Retweets120 Likes
  • While we don’t know which of today’s Metaverse projects will achieve their goals, we know for sure that the ones who will be successful in the end will experience unimaginable growth. The challenge now is to bet on the right horses…

  • Of course, Ethereum also benefitted from today’s Metaverse pump, since it provides the base layer for most of today’s Metaverse projects.

Twitter avatar for @eliasimosΞlias Simos @eliasimos
ETH hitting new all time highs on the day Meta is announced is pretty telling as to who the market thinks will win the metaverse atm.

October 29th 2021

2 Retweets26 Likes
  • Would it be shocking to see PFP (profile picture) projects run next after today’s impressive performance of “fungible” Metaverse tokens? Not really, since avatars will arguably play a big role in most Metaverse projects. The challenge will be picking the right ones with a strong community behind them.

  • With NFT floor prices getting crushed at the moment, it might soon be a good time to look out for some bargain deals, since it’s more than likely that NFT mania will return at some point.

Twitter avatar for @Zeneca_33Zeneca_33 🍌 @Zeneca_33
Daily Floor Stats Update. Facebook rebrands to Meta, ETH hits an all time high, SHIB is still being silly, gas is consistently absurdly high. Yea, a red day sounds about right. There are a *lot* of things working against the NFT market right now, all those just mentioned and then
Image
Image

October 29th 2021

69 Retweets388 Likes
  • In other exciting Metaverse-related news, we see Immutable, the leading scaling solution for blockchain gaming and NFTs, partner with one of the most influential gaming companies in the world, ESL Gaming.

Twitter avatar for @ImmutableImmutable | HIRING! 👇 @Immutable
The world’s leading esports company @ESL Gaming is partnering with @Immutable X to build #ESLProTour CS:GO NFTs on Ethereum We will help esports fans worldwide to access gas-free minting & carbon neutral of Ethereum NFTs Powered by @StarkWareLtd LET'S GO!

October 28th 2021

348 Retweets1,120 Likes
  • A Metaverse project that has been silently building and making strides in the last few months is RedFOX Labs. Its RFOX token recently “woke up” from months of consolidation and has experienced a modest 50% price increase today – which puts it still 78 % away from its old all-time high. Expect fireworks before their Metaverse Beta launch in December…

Twitter avatar for @RFOXMediaRFOX MEDIA @RFOXMedia
🏆 Achievement Unlocked 🏆 #RFOXRun 🦊 has just reached 1 million gameplays in 1 week, and this wouldn’t have been possible without your support. Thank you, #Myanmar!🎉 #TGIF and don’t forget to follow @RFOXMedia to stay up to date with our latest news and announcements! $RFOX
Image

October 29th 2021

13 Retweets55 Likes
  • Even former Goldman Sachs exec and crypto bull Raoul Pal has an eye on RFOX…

Twitter avatar for @RaoulGMIRaoul Pal @RaoulGMI
@ksell14 @rfox yes.

October 29th 2021

73 Retweets331 Likes
  • If you ask yourself how to bet on the hot Metaverse trend, there are several answers: You can either speculate on Metaverse tokens such as MANA or SAND, you can buy in-game items, art NFTs or Metaverse land, or you can go a step further and participate actively in NFTs and Metaverse projects (arguably the safest and most rewarding option).

Twitter avatar for @santiagoroelSantiago R Santos | #9159 🦇🔊⚡️ @santiagoroel
The metaverse will be crazier than most think. It’s creating new economies & jobs. IRL & digital worlds will blur as we oscillate between the 2 worlds: > gaming > real estate - land purchases, leasing & construction > commerce - in-game & digital versions of IRL items > DeFi

September 5th 2021

164 Retweets704 Likes
Twitter avatar for @santiagoroelSantiago R Santos | #9159 🦇🔊⚡️ @santiagoroel
> marketing - IRL brands will shift a big portion of ad spend to metaverse > entertainment/media - concerts, sport events, conferences It’s early. Design space is vast. Endless possibilities & lynchpin here is crypto: open source + digital scarcity + composability & portability

September 5th 2021

16 Retweets136 Likes
  • Here is an interesting thread on how to benefit from the NFT art side of things:

Twitter avatar for @mintfacedmintface.eth @mintfaced
The Metaverse game is on. A thread. 🧵

October 29th 2021

102 Retweets408 Likes
Twitter avatar for @mintfacedmintface.eth @mintfaced
You can play or not play. 1/15

October 29th 2021

1 Retweet48 Likes
Twitter avatar for @mintfacedmintface.eth @mintfaced
If you play…. …you create more cool stuff right where you are. 2/15

October 29th 2021

2 Retweets56 Likes
Twitter avatar for @mintfacedmintface.eth @mintfaced
If you’re already minting your art… …fantastic. Keep going. 7/15

October 29th 2021

71 Likes
Twitter avatar for @mintfacedmintface.eth @mintfaced
If you have iconic work from previous years… …mint it. Now. 8/15

October 29th 2021

4 Retweets83 Likes
Twitter avatar for @mintfacedmintface.eth @mintfaced
If you have artist friends… …teach them how to mint. Today. 9/15

October 29th 2021

3 Retweets83 Likes
Twitter avatar for @mintfacedmintface.eth @mintfaced
Collectors. Hold on to your best art. Keep them in the open Metaverse. 11/15

October 29th 2021

1 Retweet52 Likes
Twitter avatar for @mintfacedmintface.eth @mintfaced
New collectors. Look at early 2021 minted art and pick a few up for the open Metaverse. 12/15

October 29th 2021

57 Likes

Don't Get Carried Away by FOMO

  • While the outlook for crypto in general and Metaverse projects in particular gets brighter by the day, it’s important to remember that all that glitters is not gold in NFT land! There are still ways to lose a ton of money in NFT and crypto land if you don’t know what you are doing.

Twitter avatar for @AutomataEmilyEmily (Former TradFi CFA, CAIA, CA, MBA) APE 🦇🔊 @AutomataEmily
I keep seeing these 😨 Those mekas really burned a ton of people

Flip McBot @nftsalesbot

sky888 FUMBLED MEKA #2015 🏆 Status: Noodle Hands 🛍 Bought: 5.85 ETH @ $3,576 💰 Sold: 1.19 ETH @ $4,288 🤝 HODL: 21 days Ξ LOSS: 4.66 ETH 💲 LOSS: -$15,817 (📉 -76%) https://t.co/DxH1LIHeYA

October 29th 2021

4 Retweets33 Likes
  • Also, treat token launches, especially new meme coins (if you want to touch dog coins at all), with extreme caution to avoid getting “rugged” like the supporters of AnubisDAO who collectively lost $60 million to a rogue dev or phishing attack.

Twitter avatar for @DogetoshiSteven @Dogetoshi
Looks like AnubisDAO rugged for $60M
etherscan.io/tx/0x551890a87…

October 29th 2021

31 Retweets157 Likes

This thing had no website, a sketchy initial launch, no evidence it was ever going to be something and degens gave them $60m for free. kek

  • Regarding scams, which are unfortunately getting more sophisticated by the day in crypto land, here are some tips:

Twitter avatar for @safetyth1rd𝕯𝖆𝖓𝖌𝖊𝖗 @safetyth1rd
if you're in crypto you need to develop spidey senses for all -dms -emails -messages from anyone 'you know" double check the address and dont click weird links.

October 29th 2021

1 Retweet25 Likes
Twitter avatar for @safetyth1rd𝕯𝖆𝖓𝖌𝖊𝖗 @safetyth1rd
default to "scam until proven otherwise"

October 29th 2021

11 Likes

No Inflation Isn’t Going Away Anytime Soon

  • What had to be expected after national banks printed and governments spent unprecedented amounts of money last year, is now materializing in an unpleasant way: Inflation, the “hidden tax” for society at large, remains higher and “stickier” than any national bank would have anticipated, creating an increasingly insurmountable burden for the working class.

Twitter avatar for @elerianmMohamed A. El-Erian @elerianm
Once again, an #inflation surprise: #Eurozone inflation for October came in at 4.1% compared to the 3.7% consensus expectation. Illustrates the general theme of a consistently higher and more persistent inflation than expected by most, including policymakers. #economy #europe
Image

October 29th 2021

5 Retweets16 Likes
Twitter avatar for @JackFarley96Jack Farley @JackFarley96
The most important inflation chart: durable goods CPI. Those washing machines and refrigerators really broke out of a trendline... This great chart by @WarrenPies has a "twin" which we'll be talking about tomorrow on @Blockworks_
Image

October 28th 2021

10 Retweets46 Likes
Share this post
October 29, 2021
www.elliotrades.xyz
Comments

Create your profile

0 subscriptions will be displayed on your profile (edit)

Skip for now

Only paid subscribers can comment on this post

Already a paid subscriber? Sign in

Check your email

For your security, we need to re-authenticate you.

Click the link we sent to , or click here to sign in.

TopNewCommunity

No posts

Ready for more?

© 2022 EllioTrades
Privacy ∙ Terms ∙ Collection notice
Publish on Substack Get the app
Substack is the home for great writing