The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Not too long to wait now
https://3commas.io/coin-price-chart/amplitude-usd
Interesting - Mr Slater buying in.
https://twitter.com/patviera/status/1585551986891653120
Just thought it worth remembering the words of our new Prime minister.
“ It’s my ambition to make the UK a global hub for cryptoasset technology, and the measures we’ve outlined today will help to ensure firms can invest, innovate and scale up in this country.”
https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub
This is probably the most succinct explanation of Crypto currency - thought it might be of interest to some here.
Peter Van Valkenburgh from Coin Center
https://www.youtube.com/watch?v=HzxKs-Jd0H4
Yes - Pendulum crowdloan is scheduled to begin 16th Dec and (assuming success) Pendulum Parachain planned to go live in Q1 2023, by which time Spacewalk and Amber AMM should also go live along win PEN token and AMBR token.
Although there has been discussion regarding additional VC funding prior to the PEN launch and last time that happened the SP moved very sharply upwards.
https://medium.com/pendulum-chain/september-monthly-roundup-f5b4eddf0464
Nelson - this is the latest info I have dated 17th Oct
“ $AMPE is going to launch on a DEX, natively on Amplitude. We're close to publishing details”
But do remember Pendulum have opted not to take any allocation for themselves. This in my view should be quite a clever move as it encourages the community to grow and participate and helps the “test” amplitude network to evolve quicker adding to the ecosystem in readiness for the Pendulum Launch (where there will be allocation retention)
https://medium.com/pendulum-chain/amplitude-ampe-tokenomics-2063d3bafde0
Latest progress - another step forward
Amplitude Launches its Community Collator Program
https://pendulum-chain.medium.com/amplitude-launches-its-community-collator-program-1384ad418af1
Gazzleberry - I do agree your comments, but BLU does have a link to the general Crypto market. The sentiment around Pendulum was greater last year before the bear set in and any valuation of the PEN token will be far lower now than if it had launched then.
But this market will turn and (in my view) reach higher highs, but It wont fully turn without BTC. I see BTC as the poster boy of crypto, my weathervane of the whole ecosystem in general. 95 percent of the population do not understand crypto coins, Alts, Stablecoin etc so its BTC that I personally am monitoring to provide the signs of the inevitable recovery
Re ARB - I did extremely well out of ARB but remember having taken my profits watching it just keep going. The whole ARB story should be used as some kind of learning example of how mad things can get.
Polkadot on the other hand.
Polkadot hits all-time high in development activity
https://cointelegraph.com/news/polkadot-hits-all-time-high-in-development-activity
Gazzleberry - Good point - I suppose at the time (late 2021) an IPO seemed like a good idea, and if you remember Matt lodge even replied on a shareholders e-mail in November 2021 (i think) basically saying it would happen end of Q1. One of the reasons the SP went into the 60s.
I like to think it has just been a change of circumstances as I assume the first three large contracts came in, and the bear market became clear etc…. or am I being too forgiving ?
As John Maynard Keyes once said “ When the facts change, I change my mind, what do you do sir”
PS - Im in MXC as well :-(
For info - Amplitude have added HRMP bi-directional channel to Bifrost (https://thebifrost.io/ ) on the rococo chain.
https://dotsama-channels.vercel.app/#/
Go to rococo chain (top right) Bifrost are ID 2030
So valuation ? well its actually quite clear that the IPO has been postponed, which under current market conditions is the right thing to do and growth is clearly moving at quite a rate so it makes sense to monetise all these new agreements, eventually providing a much higher valuation when the market is in a better place and the profit/revenue is proven. And of course there is always the buyout possibility.
Whatever way you look at it Dynasty is worth far more now than at the $50m valuation early 2021, its impossible to know by how much but I do think it will be in multiples by the time we get to calculate it properly.