Top Coins You Need To Add To Your Watchlist Today; Meta Plunges; Coachella, Super Bowl NFTs - Crypto Breakdown February 3, 2022

Episode Summary:

Meta Plunges 20%; What does this mean for Metaverse?

Coachella and Super Bowl NFTs

Why you should have Layer 1 and Layer 2 Coins on your watchlist.

Top coins under $100 to keep on your watchlist with very bullish utilities.

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey everybody happy Thursday. My name is Joe Dewitt, and this is the crypto breakdown. So first off Meta's stock plunges 20% following week earnings. Now this is an incredibly large drop for a publicly traded stock. Now, although that drop did scare, a lot of investors met as vision to pivot towards the metaverse is entirely new and completely scary for most.

  It is expected to be a little shaky in the start. The NFL also announced that they are going to be giving NFT. All Super bowl holders so they can have a life long memory of the Superbowl that they attended as well as Coachella announcing that they will release 10 NFTs, which the owners will be lifelong members of Coachella.

Now let's jump into the top coins that you need to add to your crypto watch list. First off are the given. I assume that everyone is taking a look at Bitcoin, Ethereum, maybe Salana maybe Binance, but taking a look at some smaller total. Eunice swap is a great token unit. Swab is a decentralized exchange on the Ethereum network token setting at about $10, which was a great price for unit swap.

Uniswab is a very established exchange and I don't see it going anywhere anytime soon. So definitely worth keeping an eye on The central land, ticker Manoj is also an amazing crypto end game currency for decentral land, which was used to buy NFTs and the metaverse decentral Anna sitting at $2 and 62 cents definitely worth taking a look at the central line that if you were interested in play it to earn games or metaverse products, Another great point to add to your watch list would be avalanche, ticker, apex avalanche prices sitting at $66.

Apex did see a large run up to about one 30 back in November and ever since then price has been consolidating a bit, making it a great entry point to get it. Atlanta's another layer, one blockchain, which allows decentralized applications to be built on the network. And I would definitely recommend taking a look over at avalanche.

Another coin I would recommend adding to your Watchers would be near, near protocol is absolutely amazing. It is another layer, one blockchain that has gained some heavy momentum over the following. Now generally rule of thumb, I do like to promote layer one blockchains, which layer ones just mean that they are the first layer of chain.

So other decentralized applications can be built upon them. These just allow for great opportunities and great diversification because although a theorem is a great layer one there are going to be other networks that people are going to develop upon and build on. The future. So trying to diversify and pick up those layer ones while they are not yet quite popular is a great strategy to have now for the final two tokens, I think you should add to your watch list.

The first one is going to be a chain link, ticker link. Now it chain link. If you've been around in the podcast for a while, you've heard me talk about it. Chain link provides Oracle feeds for blockchains, which means they provide data that actually gets put on the blockchain, which is called Oracle.

Blockchains essentially need link or some sort of Oracle feed to actually put data on the blockchain. So it is  very important. Blockchain cannot run without Oracles. And Shane link is the world's largest Oracle provider sitting at $15 and 66 cents making an absolutely great The future of chain link is going to be very bullish.

And the final token be an AXS, which is the governance token for the ACCE infinity ecosystem. Now AXS has a very unique sticking mechanism with 130% APR currently, which might be a little lower. By the time you were looking at this APR just means annual percent return. So the annual return you will be getting absolutely incredible APR on the ass.

And it also allows you to. To breed at your axes, which are in game characters for the game, allowing more opportunities to earn passive income. So if you're interested in earning passive income, I highly recommend taking a look over at ACCE infinity and favoring that AXS and adding it to your watch list.

That's all the time we have for today. Guys. Thank you so much for tuning in. You could follow and subscribe to the podcast, which will all be in the description. Have a great day quickly. I just want to say that this is not financial advice. I encourage everyone out there to please do your own research before investing in cryptocurrencies, as they are very volatile assets.

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