Market Crash Strategies. World Economic Forum. Axelar (AXL) and Celestia. Brad Garlinghouse.

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Market Update - Crypto Market Crash Strategies

Hi guys. Welcome to NFT Daily. Today my sentiment has not changed about the overall crypto market. I am still bearish on the market. Some people asked me what I think about Shiba Inu and Doge and my reply was that they have strong communities but with so much uncertainty in the markets, more of these projects are likely to correct and lose some value.

My only suggestion that I have repeated over and over is if you really believe in any project, and you think that they will do well in the future then DCA is my personal preferred option as opposed to locking up a lot of capital. And lastly, nothing on this channel should be considered as financial advice so please keep that in mind.

World Economic Forum

Now let us talk about the World Economic Forum. If you guys are new, then this is basically a group of international government and big business organizations based out in Switzerland. They are holding their meeting this week.

Their mission is to discuss social and economic issues around the world. Coming out of this event I expect to see positive movement towards crypto regulations in particular to stable coins after the Luna Terra debacle and also understanding.

You have the CEO of the Crypto Council for Innovation Sheila Warren sharing positive insight from the forum as well as Brad Garlinghouse of Ripple giving some positive commentary. The meeting ends in the next few days so if I hear of anything different, I will let you guys know.

Celestia|Axelar
Now two projects that recently crossed my radar recently from Token Metrics are Axe-lar and Celestia which I think are great projects, but full disclosure I am not invested in any of them right now as all this is informational. Celestia is supposed to help scale web 3 technologies.

Back in March they received one and a half million dollars seed capital from Interchain Foundation, Binance Labs, Maven eleven Capital, KR1, And Others. And you might think one and half million dollars is small pocket change, but it's not about the money. It is about relationships as I have said in previous videos.

For example, if Binance decides to list Celestia on one of their exchanges, then here comes massive liquidity into the project. And that is the power of relationships.

Now with Axe-lar it is a technology to build cross chain applications and that also includes web three. Some of the team members came from the Algoroand ecosystem so these guys already come with experience.

Now with this team tied to Algorand, I would think that they have sufficient liquidity to fund this project already. And back in November of 2020 they raised about four million dollars in seed funding from companies like Binance, Lemniscap, Crypto Operator Fund Divergence Ventures, Serial Entrepreneur Waikit Lau, and AngelList founder Naval Ravikant.