Gem Hunters Channel hosted their eighth live stream, where they discussed various topics such as the overall market, mid-caps, low-caps, and high-cap gems. The hosts believe the market will trade sideways for a while, with a move up to 30k possible. They also encourage investors to research and employ strategies during times of market stability to find gems. One such low-cap gem they discussed was Morpheus Labs, a project that aligns with the web 3 narrative and may benefit from the transition from web 2 to web 3. Investors should take advantage of this time to increase their capital and accumulate assets before the next bull run.
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Introduction
Welcome back to another live stream on the Gem Hunters Channel. This is our eighth live stream and we are excited to have our community back with us. Today, we will be discussing a plethora of topics relating to the cryptocurrency market and different types of gems ranging from low to high caps. Additionally, we will be answering questions from our viewers. Let’s kickstart the topics for today!
The Overall Market
As we see the market currently, it appears that we may experience some sideways trading for a while. The hesitancy in the market is reflected in the result of surveys conducted by SSM on the community. 59% of the community believes that the market may move up, while 41% think it might go down. Nevertheless, the current market scenario is an opportunity for traders to take some time and learn new strategies by researching different crypto projects. Typically, when the bulls or bears are noisy, the market is incredibly loud, and it can be challenging to focus. However, traders can take advantage of the calmer markets by doing their research and employing new strategies for their existing portfolio. We may see upward movement potentially up till June, and then we may see a major pullback, eventually hitting the 20K mark before commencing another bull run.
Low Caps, Mid Caps, and High Cap Gems
Investing in low caps, mid caps, and high cap gems is a great way to diversify your portfolio. These types of gems have varying levels of risk and return, depending on market sentiment. If you are bullish on web 3 as a narrative, then you should keep an eye on any projects related to it, as the transition from web 2 to web 3 is imminent. One low cap gem that SSM is bullish on is XYZ. It is backed up by strong fundamentals, has a promising team, and it is related to the web 3 narrative.
Q&A Session
Now, it’s time for Q&A! Remember to put your questions down below and we’ll try our best to answer them. For those of you who want to know more about specific gems or how to research projects, you can sign up for our Patreon for exclusive content, research, and insights. Keep yourself updated by subscribing to our channel!
