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9 Crypto Picks, 9 Reasons💎
Join us on the journey to financial independence.
Renaissance Man
August 16, 2024
Read time 5 minutes
Welcome back to the end of another week with Renaissance - the newsletter equivalent of the this guy’s precision and casualness and all-round energy 😂
Today at a Glance:
Crypto for the WeekEmpire and Wealth Building LessonsThe Renaissance Over-Under
Where do you think the markets are going next week? |
Crypto Market & NFT News
Crypto This Week
Now that the dip is over after the jobs report and CPI is out, the market is stabilising. And the recovery is stable too!
We’re dealing with more realistic prices now for the minute, and this is exactly my point - there were too many lunatics screaming for $100k bitcoin ASAP and $150k EOY, the target for us has always been a rockier road to skim $80-85k that will ignite the market.
The next macro checkpoint we need to watch is the political shitstorm heading our way and if Trump doesn’t win, or doesn’t look like it, prices of all markets will slide… we have to be prepped and position accordingly (could be our start of the bull market or could be a great dip we attack)🔥
Last week’s buying spree - we’re up on all positions and cumulatively did 400%, even if you bought just from last week’s edition you would be up massively. And our 2 top picks were the top movers.
Popcat - if you just had conviction in our large plays and took advantage of the dips, in the last week we’ve done 55% without a second thought on a large allocation! (it’s when you can move large that it really counts for your portfolio).
Last week: “Popcat down to $360M market cap when it was $1B just last week! 60% discount for no reason - buying serious bags thanks for the discount I’ll see you next month 😎”
WIF - up to $1.7B market cap from $1.2B (around 42% secured on a large position) (https://www.dextools.io/app/en/solana/pair-explorer/EP2ib6dYdEeqD8MfE2ezHCxX3kP3K2eLKkirfPm5eyMx?t=1722894388051
Neiro is also an interesting newer meme - we did 200% in the recovery in the 48hrs after and sold off the large position.
Now we’re watching it for the longer term and seeing if it plays out to get to ‘memekiller’ stage where it won’t disappear and makes it to the lower ranks of the blue chip memes over time.
Keep your eyes on this long term trend and dips for potential entries from here! Tier 1 listings on exchanges coming next I think 👀
SATO - the latest memecoin as well that’s run to around $19-20M, now at $14M and it’s the first time the chart has taken a dip and broke trend which is veryyyy interesting…
This trend may continue and sink from here and that might give us an easy buying opportunity if we have a green week onwards 🙌
Market update - new toys for the boys 👀
If this is true and actually useful and easy to use, this could be a game changer!
Our Alt coin picks for the second half of the year and potential thesis for buying - let’s see these play out 🔥
Tokens that will perform well in the next 6 months:
• $PENDLE - V3 as catalyst
• $BANANA - Bet on rising Volume
• $BTC - ETF flows will increase
• $WIF - Sphere advertisement
• $JUP - Beta for Sol DeFi
• $ETH - Grayscale out of coins
• $RLB - Huge Supply Reduction
• $AAVE - If they Share Revenue
• $NPC - Will get shilled on CT
LITTLE BITS 😎
Maybe this one’s more about life and business than it is about investing hahah
The only thing we can do in life is to take a risk, if you don’t then the rest is decided for you
Now this is interesting…and worrying for crypto regulation if these numbers continue to slide
Hindenburg Research - https://x.com/HindenburgRes/status/1822308895454282053 Whistleblower Documents Reveal SEBI’s Chairperson Had Stake In Obscure Offshore Entities Used In Adani Money Siphoning Scandal
NOSTALGIA OF THE DAY
Wealth Building, Personal Finance Hacks & FAT FIRE
Renaissance is all about building a community of those who aspire for more. More in their businesses, more independence, more freedom, more confidence in their lives so that they can do what they want, when they want.
But building wealth and what it takes to get ahead aren’t lessons they teach you in school. They don’t even teach you how to do taxes fs. 🤦♂️ But all the information is out there to learn from the best. From those who have already paved the road, making it easier for the rest of us to follow in their footsteps.
Today we’re taking lessons from someone who’s empire and wealth building reputation precedes him, a man who’s name is just synonymous with money💸, John D. Rockefeller.
The world’s first billionaire. It’s estimated today Rockefeller would’ve been worth around $318.3 billion. In 2021, he would’ve almost been worth Elon Musk and Jeff Bezos combined.
But he came from humble beginnings, how did he achieve this meteoric rise and what can we learn? 🌠
For one he was ruthlessly persistent. He had a goal and he went about achieving that goal regardless of how many failed attempts and setbacks he faced. His mastery in being completed undeterred of whatever was in front of him is aspirational. His discipline was second to none.
“I would rather be my own tyrant than have some one else tyrannize me.” - John D. Rockefeller
To be the boss, you have to be the boss of yourself. 😎
He didn’t excel in school. He was considered slow, but he went about his work with persistence. This is something we can all learn from and is absolutely key to succeed. Here’s a little story that we love, just to illustrate what separates the best from the rest.
At 16 he decided he wanted a job and moved away from home. He wanted one with the greatest possibility for learning and advancement, making a list of all the potential roles in his town.
Each day he woke up, put on his suit, shaved, shined his shoes, and hit the road. Ron Chernow (who wrote his autobiography Titan) writes: “At each firm he asked to speak to the top man — who was usually unavailable — then got straight to the point with an assistant: ‘I understand bookkeeping, and I’d like to get work.’”
Rockefeller recalls that the economy wasn’t great, not many businesses were hiring, and the responses weren’t encouraging: “No one wanted a boy, and very few showed any overwhelming anxiety to talk with me on the subject.”
Yet he stayed persistent. He went through his whole list of companies without an offer. But then what did he do? He simply started at the top, and visited every place again, sometimes dropping into the same business three times!
Young J.D. walking out of his house again after 58 days of straight no’s…..
He treated his job search just like his job: “I was working every day at my business — the business of looking for work. I put in my full time at this every day.”
For six days a week, for six weeks, walking until his feet ached he continued to search for a job. Finally, he heard the words he’d been waiting for: “We’ll give you a chance.” A small firm, Hewitt & Tuttle, agreed to take him on and he stated right away.
For the rest of his life Rockefeller referred to this date as “Job Day” and celebrated its anniversary more than his own birthday. As this was Day 1, the day he started out to grow and build his empire. 🏗
By age 31 he had become the world’s largest oil refiner. By age 38 he commanded 90% of the oil refined in the U.S.
I don’t know about you, but we find this level of persistence and singular focus aspirational. We could all be more single-minded and focused on achieving what we want. To be the best, we will learn from the best. Another quote from J.D we like:
“Do not many of us who fail to achieve big things … fail because we lack concentration — the art of concentrating the mind on the thing to be done at the proper time and to the exclusion of everything else?”
Meme of the Day
That’s a wrap for this week! Meet us on Twitter to talk all about it. Where we’ll send you jokes, tips, and all important news from the world of money, business and crypto and more! (@RenaissanceDly)
Did you enjoy this weeks issue as much as Leo did? Let us know 👇 |
