Been spending time looking at music NFT's stemming from my conversation 2 years ago with @RAC and then many more like @3LAU@JackSpallone etc. If you have ever wanted to be an A&R person and find new talent, this is your chance to do it!
sound.xyz is super interesting as a platform for artists. We can now join a community, invest in rights in a song, etc. If it works out, you do well, if not you still do well as you get to enjoy the music as an owner.
I know this will be BIG. Think of everyone becoming a music marketor and promotor for their favourites where they have a stake in the community or the song.
But probably it needs to be treated as VC - lots of bets.
The A&R game is not an easy one with lots of zeros and a few huge wins.
Social tokens will soon tie these communities together.
There is something interesting about this rate cycle in the yield curve.... Normally, it doesn't really flatten until a couple of years post recession and normally at 250bps. Now, this could be a correction but if it breaks this line, it suggests a shorter cycle than normal.
This doesn't mean an recession is imminent but it means that the bond market sees less ability to tighten without slowing growth. We saw similar in Japan's YC in 2010 (lower than the usual 150bps)...
Just a reminder - You cant use daily or weekly charts if your time horizon is years. You're either in this for network adoption over time or you are a trader. I am not a trader in crypto. I can't care less about 50% swings in a 70 vol asset.
In the end, the only technicals that matter (Metcalfe's Law matters more) are:
Log chart
48 month Exponential Moving Average?
Maybe the trend since 2015 (but same as EXPMA).
I seriously doubt the bull market ends at regression trend, it should see higher (1 standard deviation+)
BTC is cheap vs Metcalfe's Law....(and has been for a long time - my guess is because there is less network applications on BTC currently than ML would prefer).