On The Pulse - Edition #016
Welcome to On The Pulse, with Maui.

Hey everyone, welcome back to this week's edition of 'On The Pulse.' Thanks as ever to all who have subscribed and are reading this via email. If you're currently browsing, please consider subscribing! If you find today's newsletter valuable, please recommend it to a friend and feel free to suggest topics or ask questions on my Twitter @jordymaui.

🎓 Lesson of the Week: “NFT Marketplaces”

In this week's lesson, we'll delve into the exciting world of NFT marketplaces. Non-fungible tokens (NFTs) have taken the digital world by storm, offering unique digital assets that can be bought, sold, and traded on various online platforms. NFT marketplaces serve as the hub for creators, collectors, and investors to interact and transact with these digital collectibles.

🔍 Understanding NFT Marketplaces: 
NFT marketplaces are online platforms where users can buy, sell, and trade non-fungible tokens. These platforms offer a wide range of digital assets, including artwork, collectibles, virtual real estate, and more. Each marketplace has its own unique features, interface, and community, catering to different niches and interests within the NFT ecosystem.

🖼️ Types of NFT Marketplaces: 
There are several types of NFT marketplaces, including primary marketplaces where creators mint and sell their NFTs directly to buyers, secondary marketplaces where users can trade NFTs that have already been minted, and curated marketplaces that feature a selection of high-quality NFTs curated by experts or community members. Additionally, there are niche marketplaces focused on specific categories such as gaming, music, or digital art. It’s also worth noting that each major chain has it’s own NFT Marketplace as NFT’s live ‘on chain’. However in recent times, marketplaces such as Magic Eden & Opensea have been able to introduce multiple chains to their singular marketplace - making it more accessible than ever to trade on various chains.

💡 Tips for Navigating NFT Marketplaces:

• Research: Before diving into any NFT marketplace, take the time to research and understand its features, fees, and community guidelines.

• Verify Authenticity: Due diligence is essential when buying NFTs. Verify the authenticity of the creator and the asset to ensure you're investing in genuine digital collectibles.

• Stay Engaged: Engage with the community, participate in discussions, and stay updated on the latest trends and developments in the NFT space.

• Rewards: Most marketplaces these days have points and rewards system that often lead to airdrops & more. It’s important when using NFT marketplaces to ensure you are getting the maximum return for using and trading on their platform!

🚀 Conclusion: Navigating NFT marketplaces can be an exciting yet challenging endeavour. By understanding the different types of marketplaces, conducting thorough research, and staying engaged with the community, you can effectively navigate the ever-evolving world of NFTs and discover unique digital assets that resonate with you. Whether you're a creator, collector, or investor, NFT marketplaces offer endless opportunities to explore and participate in the vibrant ecosystem of digital collectibles.

Major Headlines: "The Weekly Roundup"

This week the headlines are all about disappointment in ETF launches, integration and technology partners and more! Take a look with me:

🇭🇰 BTC Under $62,000 as Honk Kong ETF flops:

Bitcoin's price faced downward pressure, slipping below the $62,000 mark, following the disappointment surrounding the launch of Bitcoin ETFs in Hong Kong. The highly anticipated ETFs failed to meet expectations, resulting in a dip in investor sentiment and contributing to the downward movement in BTC price. Get the full scoop on the implications of this development here.

🚀 Avalanche Integrates with Stripe:

Avalanche has made strides in facilitating crypto on-ramping by integrating with Stripe, a leading online payment processing platform. This integration opens up new avenues for users to seamlessly transition into the Avalanche ecosystem, simplifying the process of purchasing AVAX and other assets. Explore the implications of this integration and its potential impact on crypto adoption here.

🏀 Rumble Kongs secure Gatorade:

The Avalanche Hoops Game Rumble Kong League has struck a significant partnership deal with Gatorade, signaling a major milestone in the world of NFT gaming. This collaboration is set to bring exciting opportunities for players and fans alike, further blurring the lines between traditional sports and the burgeoning NFT space. Delve into the details of this groundbreaking deal here.

4️⃣ Binance Founder CZ Gets Four Months in Prison:

Changpeng Zhao, the founder of Binance, has been sentenced to four months in prison. The decision follows a legal battle with US prosecutors, reflecting the ongoing regulatory scrutiny faced by major players in the crypto industry. Discover the details of this development and its implications for the broader crypto landscape in our comprehensive coverage.

Maui’s Weekly Analysis of Charts

Dive into the pulse of the crypto market with me for a quick overview. If there are elements you don’t understand here, don’t worry – feel free to ask me questions on Twitter. Interested in a specific chart analysis? Let me know! I’ll also be holding weekly polls based on your suggestions. Anyway, here are this week’s charts:

₿ BTC (Bitcoin):

• Recent Price Action: Over the last 7 Days, $BTC is down 13% from $66,000 to $58,000.

• Weekly Forecast: As we mentioned last week - The $60,000 support range HAD been holding, unfortunately it broke. What’s next will be volatility as FOMC and Pay Rolls information comes out this week.
  
  (As a light hearted joke, here is what I thought last week)
  The pre-halving dump came and went. For me, this bounce has been super strong and I believe the bottom is in. (Quote me on that if we lose $60k support and drop to $52k lmao)
  
  It would appear - you have to quote me on that and $52k could be next if we don’t see news be in our favour and the range low of $60,000 reclaimed ASAP. For me, i’m waiting to see how this week pans out as the volatility is certainly going to be crazy.

♦ ETH (Ethereum):

• Over the past 7 days, Ethereum is down 10% and currently back at the lows of $2,900.

• Weekly Forecast: Last week we predicted another flush - thanks to btc - we got it and are back at the support levels.

  Unlike my BTC call last week, I was actually correct with my ETH ones! That being said, if we see support fall on BTC it’s likely that we bleed across the board and i’d be cautious across all majors here.

Bitcoin Dominance (BTC.D) continues to be back within it’s range hovering at 54% - the exact same as last week. With the dust being unsettled, it’s good to wait for areas of support before reacting and taking new positions.

As always, i’ll mention this: BTC.D up = Money is in Bitcoin, alts bleed or stay stagnant. BTC.D down = Money flowing into alternative coins & bitcoin ranges or bleeds out.

Now, let’s give an update on the altcoins we’re still looking at each week.

Everything is currently bleeding as our overall markets search for supports. BTC is king and while it falls, the market follows and until we see strength - alts will unfortunately bleed out. For now, I will be accumulating at whatever DCA prices and aiming for our same targets in the future. I will keep this section of the newsletter in order for you all to track what I’m buying (regardless of how low it goes) but not updating weekly areas until things bottom out and recover!

/ AVAX (Target of $50+)

/ SOLANA (Target of $180+)

/ INJ (Target of $54+)

/ SEI (Target of $1.30+)

/ MAVIA (Target of $12+)

/ RNDR (Target of $12+)

/ LINK (Target of $24+)

/ MATIC (Target of $1.50)

/ NEAR (Target of $10+)

/ TIA (Target of $24+)

/ FET (Targets of $4+)

/ TAO (Targets of $850+)

/ WIF (Targets of $10+)

/ APT (Targets of $30+)

If you would like me to take a look at any specific charts or go deeper into anything, please feel free to reach out to me on twitter or email!

📰 The Summary: From Crypto Trends to NFT Buzz

Each week, we will end the newsletter with a really brief TLDR (Too Long, Didn’t Read) assessment of what’s been going on this week across Crypto and NFTs. I hope this section provides additional value for those who read!

Crypto:

• 📊 Market Trends: It’s over. At least until we find support! $52k next?

• 🇭🇰 HK ETF Disappoints: The highly anticipated Hong Kong ETF ends in misery as only $11m is traded on day one.

• 💳 STRIPE integrates with AVAX: The giant payment processor have made an agreement to support Avalanche’s ecosystem.

• 🔴 BTC sees 5 weeks of Red: For the first time since the bear market, BTC has had 5 consecutive weeks of price falling.

• 4️⃣ Binance founder CZ gets 4 months: CZ was sentenced to just 4 months in prison by the US judge yesterday.

NFTs:

• 🦉 Moonbirds new art & announcements: YUGA owned Moonbirds have seen major revamps & announcements of ditching CCO.

• 🪂 Friend Tech airdrop delayed: One of the largest airdrops this year has been delayed until Thursday due to congestion in markets.

• 🏀 Rumble Kong partners with Gatorade: The PEPSI group have confirmed an agreement for Gatorade to become their Drinks Partner.

• 😳 Scam coin on base hits $400T market cap: A scam coin that’s blocking anyone from selling hit a 400 Trillion market cap on Base.

• 🔵 Coinbase list $WIF: Coinbase futures platform listed $WIF this week but the coin immediately fell 20% afterwards.

And with that, we’re wrapped up for another week. If you have any suggestions for lesson of the week, please let me know! If you enjoyed this weeks newsletter, please feel free to support by following me on twitter @jordymaui

Until next time!