CapGainz No. 33 🚀
Omicron still hasn’t peaked, $WMT gets into the metaverse, & $DOGE is back!
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1.) E-Z Money - The BIG Story
Omicron continues to dominate the American economic and political landscape. Surgeon General Vivek Murthy warned the “next few weeks will be tough” as hospitalizations rise across the country. Omicron is once again besieging small businesses on three fronts: deepening supply chain issues, periodic staffing shortages, and fewer customers. This is causing some to demand for yet another relief bill in Congress. Many in the Republican party say that taxpayers have paid enough but gyms, minor league ball clubs, and others say they were largely left out of previous aid packages.
2.) “To the Moon” — Retail Investing
Retail giant Walmart ($WMT) is planning to enter the metaverse. The big-box operator appears to be planning to create its own cryptocurrency and a collection of NFTs. The news comes as Walmart filed several new trademarks late last month that detail its intent to make and sell virtual goods. In another filing the consumer giant said it would offer users a virtual currency, along with non-fungible tokens, or NFTs.
3.) “The Cypher” — Crypto Investing
The cryptocurrency market, especially Bitcoin ($BTC), remains sluggish in 2022. The landmark crypto rose only 3% in the past week and is trading around $42K, compared to 5% for Ethereum ($ETH) and 20% in Dogecoin ($DOGE). The meme cryptocurrency surged almost 14% alone on Friday after Elon Musk’s Tesla ($TSLA) started accepting Doge as payment. Tesla fans can now buy belt buckles, whistles, chargers, and a quad bike using the meme coin on the official store.
4.) “Straight Cash” — Sports Betting
L lost his bets on the National Championship game when Georgia finally won a big game and beat Alabama. He’ll try to get off a two-week slide with a special playoff addition of Monday Night Football. The Los Angeles Rams are currently (-3.5) point favorites against divisional rivals the Arizona Cardinals. The over/under is set at (49.5) L likes the under in this battle. 50 points seems like a lot for a third matchup of two teams in one season.
5.) “The Alternatives” — NFTs, ESGs, & More!
It may be a rough start to the year for cryptocurrencies but the NFT market is booming! Non-fungible token marketplace OpenSea is headed for its highest-volume month ever. For the first-half of January alone, OpenSea generated $2.7 billion in volume, on track to overcome the high water mark set in August of 2021 at $3.4 billion. The resurgence in NFT trading volume seems to be driven by the price surge in the collection Bored Ape Yacht Club (BAYC) and its sister collections Mutant Ape Yacht Club (MAYC) and Bored Ape Kennel Club (BAKC). The BAYC collection alone accounts for 10% of the total volume on OpenSea.