Posts

Working with Typescript feels like peeling open the inner wirings to expose the bare meat of each function/element. It’s more taxing on the brain, but gives your surgical clarity as to what exactly is going on. Interesting.

So I have 2 weeks of break before the new year, and one of the things that I plan to do is to explore some of the web3 protocols that I have been sleeping on. Lens ranks pretty high on my list. (And this is not just because I hate instagram, for an assortment of reasons.) So what exactly is Lens? For those of you who might not know, Lens is this pretty hype ‘web3’ social media platform that’s been trending in the last few months. ...

So recently I’ve stumbled upon this new NFT marketplace called Immutable X, which apparently features gas free minting and positions itself to be the future of web3 games. It piqued my interest, and being the brave web3 voyager that I am, I’ve decided to give it a try. (I’ve been exploring new tech in this space recently, partly to better my understanding of what is currently possible, and partly because I am curious about the state of Layer 2). ...

One quip I’ve heard made in a podcast recently is that if you’re just following the trends of SNP500, you’re not getting a complete picture of the market. The reason is because, Covid has produced particular market dynamics that have impacted different segments of the market differently. So in this post, let’s take a look at how different individual stocks within the SNP500 has performed, starting with the top 25 in terms of weight. ...

This crash was a long time coming. I mean, if you look at this chart, what do you see? Exactly. I see hyperinflated and unsustainable growth. S&P went from $800 in 2009 to the $4700 it was as of a month ago. That’s almost a 6x increase. For an index. The flash crash of March 2020 was…actually nothing. It was barely a correction - yes, it rebounded faster than it fell. In previous market crashes, the market takes around 2/3 years to recover to ATH. ...

The last 24 hours has been a bit of blood bath. Ever since Eth’s 7th Nov ATH of 4.8k, Crypto has basically been in a bear market - price has fallen 32% to 3.25k. BTC price has followed a similar trajectory, from an ATH of 67k on Nov 7th 2021, to 42k - a 38% drop. We’re therefore technically in a two month bear market. This means a couple of things. Given the short boom bust cycle of crypto, this might just mean that there might be a bullish reversal. However, investors in the west are generally risk-off at the moment because of tightening monetary policy. Volumes are looking too thin for there to be a sustained one. ...

As part of my attempt at aping into projects, I’ve stumbled upon a good candidate: Aave. Let’s take a look at its fundamentals. Mid term price action First, Aave token was launched in 2017 actually in an ICO. Its price stagnated for a long time before breaking through to $34 on 19th Oct 2020 (what happened there?). Subsequently, like many other alts, it rose to prominence during Defi Summer and beyond. In May crash this year, it dropped from a height of $600 to $192, and has made steady recoveries since then. ...

So, the thing about aping into protocols is that you don’t have to start from scratch. It’s always a good idea to get glimpses into what the pros (whales) are doing, and ape along. Whilst exploring Sansheets, I discovered this chart that gives me some leads in terms of which tokens are hot right now. Not entirely sure how to interpret the chart (lol) but it’s good discovery for me atm. ...

Main guiding thought: should I long or short ETH? 1. How is it looking on Trading view? -upward momentum- Suggests upward trend, at least in the short term. 2. Volume. Historically, the best time to buy is when volumes are trending way above price. Right now, the volumes are looking pretty thin. 3. Social Volume Historically, social volume is a topping indicator. Right now, we’re at the height almost of social volume. Which means, it’s not a good idea to buy. ...