In partnership with

Hey there everyone! We hope you’ve had an amazing week. 🤘 

This Friday, we’re focusing on a partnership event which we think brings some great profit opportunities.

We’ll also be looking at the market for next week, in preparation for the rate cut!

Let’s hop right in!

Today we’re working in partnership with our sister company, Ethlas, who’ve got some amazing things going on at Gambit Finance which we think you can take advantage of! 💰️🕹️

https://gambit.finance/

This Week’s Juice 🧃

• Gambit x Tundra: A crypto first. Dota 2 enters the DeFi realm! 🕹️
• Final Preparations: Fed rate cut next week 👀 
• 🏦 Economy: Core Inflation Rate YoY @ 3.2% (expected 3.2%) 🟢 
• 🏦 Economy: Inflation Rate YoY @ 2.5% (expected 2.6%) 🔥
• 🏦 Economy: PPI MoM @ 0.2% (expected 0.1%) 😐️

What’s on today?

🔷 International Finals: Gambit Finance’s Dota 2 Launch 🕹️ 

🔷 Market Analysis ✨

🔷 Our portfolio allocation strategy 📈

Got any suggestions? Send us a message!

Getting up to speed! ⭐

Economic Reports 📉 

Report

Result

What does this mean for crypto/economy?

Core Inflation Rate YoY

As expected @ 3.2% 🔥 

We look at both core and normal inflation rates as Core tends to be less volatile (more important)

Positive for crypto 👍️

Inflation Rate YoY

Under-expected by 0.1% @ 2.5% 🚀 

The more volatile approach to inflation has reacted significantly since the last reading.

Inflation YoY has decreased from 2.9% to 2.5%, coming to closer than ever to the Fed’s 2% target.

Positive for crypto 🚀 

PPI MoM

Over-expected by 0.1% @ 0.2% 😐️ 

Higher PPI indicated higher inflationary pressure for producers, and potentially increase bond yields.

Neutral for crypto. Not enough to distinguish an impact.

Gambit Finance takes it up a notch 🔥

What is Gambit Finance? 👀 

Gambit Finance, owned by Ethlas, is a web3 company pioneering something quite unique, SkillFi. A new meta that bridges Finance with Gaming skills — on-chain. 🕹️ 

The main aspect of Gambit is that it allows you to “invest” in unique players over a host of games, and earn from price appreciation based on their performance and skill level. The better your players perform, the more your investment is worth.

The investment is based on a token-like structure called “bits” which are associated with a player. Each bit has a value and changes based on supply, demand and performance.

WEBSITE: gambit.finance ⬅️ 

Example: You can swap $100 for X amount of a player’s bits. This would expose you to price appreciation, like any altcoin, and allows you to participate in events.

Team Tundra: Dota 2 International Finals 🥇 

For the gamers out there, Dota 2 is one of the largest games in history. With over 7 million active players, they’ve covered some intense eSports tournaments over the years. eSports has grown to be a massive industry, with tournaments holding large cash prizes.

Gambit Finance’s SkillFi approach allows cash prizes to be shared with those who invest in players in a tournament. 🚀 

The big opportunity here is…

The Dota 2 International Finals, one of the biggest Dota tournaments of the year! Gambit has partnered with Team Tundra, a Top 6 team in the world for competitive Dota 2 gaming.

This means that you can invest in specific players of the professional team and not only earn capital gains from bit price increases but also a cash prize starting at $25,000 for those who hold the players’ bits throughout the tournament.

For each stage that Team Tundra passes in the tournament (each match won), the prize pool increases!

How can I take advantage of this? 🤑 

When does the event start?

The International Finals begin on 15 September 2024. This means that ideally, you should prepare yourself in advance to have maximum benefit from the rewards available (as prize pools are paid out daily).

We’ll be discussing the potential risks and rewards soon!

Buying Tundra Bits

To take advantage, you’ll need to buy the “bits” of one of Team Tundra’s players. These can be found on the gambit.finance website!

Make sure you select Dota 2 as the game, and find a Team Tundra player from the list.

E.g: https://gambit.finance/dota/94054712-topson

Similar to buying a token on your favourite DEX/CEX, you’ll be buying a player’s token. This will automatically enter you into potential rewards from the International Finals! 🚀 

BONUS OPPORTUNITY

Gambit is hosting an early-bird opportunity for the Tundra tournament. This allows you to have a "wheel of fortune” which gives you a chance to win up to $50 worth of a high-value player in the Tundra team.

This could be your FREE ticket to entry! And from our calculations later, you’ll see that this can turn into $150 quite easily!

What are the possible returns? 💰️

Now, for the big question. How much might I make from investing in Team Tundra during this tournament?

Key ways to profit:

1. Tournament Prize Pool
2. Capital Gains from player Bit value increases
3. Bonus Rewards for Top Trader P&L on GambitFi 👀 

Let’s look at this individually and work out the returns.

Tournament Prize Pool (#1)

Since Gambit has chosen to sponsor Tundra, let’s simulate a scenario where Tundra got into the finals and won the International Tournament.

Note: Prize Pool rewards are paid out daily, so this incentivises holding bits throughout the tournament (also reducing interim volatility).

The way this works is the prize is split among all players in the team, in this case, Tundra. Then, this is further split in proportion to the holders of that player’s bits.

Example: If you were holding 10 bits, while there are another 90 bits in supply which are held by others, you would get approx. 10% of the prize pool for that player.

The initial prize pool is at $25,000, but increases for each match won. For example, advancing from the Upper Bracket Quarter Finals boosts investment returns by 25.46%! 👀 

We’ve created a visual representation below of the maximum returns for each stage of the tournament:

Maximum Return: If Tundra won the Finals, the expected return would be up to 200.03%.

For example, a $50 investment could yield to ~$150 (+200%).

Note that this is the maximum reward.

From the simulation above, we could see some awesome returns in such a short period! 🚀 

Capital Gains (#2)

There’s some very interesting Game Theory coming into play with holding players’ bits on Gambit during this tournament.

As Team Tundra progresses further in the tournament, there will be an increasing amount of attention given to players’ bits. There’ll be an almost FOMO-like reaction which may drive the price of the bits higher.

Just like any other crypto, this means that not only will you earn from the Tournament Prize pool, but you’ll also be earning from capital gains increases of your bits!

Isn’t that cool?! 🤩 

Trading P&L Rewards (#3)

Gambit doesn’t stop! They’ve added an extra incentive by having a $25,000 prize pool for Top Daily Traders of Tundra bits (based on P&L)! 🚀 

This means that this opportunity is not only for speculative investors for the tournament, but strategic traders, too!

What are the risks? 🤔 

To maintain a balanced investor viewpoint, we should consider the risks of taking this investment, and then make a calculated decision.

Ultimately you are betting on Team Tundra winning parts of the tournament, or ideally, the entire tournament.

If the team were to lose at some point, the prize pool accumulated from wins (if any) would be distributed among bits holders.

In the worst-case scenario that Team Tundra loses all matches, there will be no prize pool distributed. However, your bits are not affected and you maintain ownership of them.

While a poor performance may result in Team Tundra players’ bits incurring some sell pressure which reduces the value, you may hold their bits for the longer term to participate in other tournaments or "invest” in the future performance of the team.

Key Idea: Your investment’s intrinsic value is the perceived performance and future performance of the team (or individual player).

Given that Team Tundra is a Top 6 team worldwide, it’s unlikely that you will lose your entire investment value, however we would establish long-term holding as high risk, due to the fact that Gambit’s SkillFi markets are still in their infancy and may be quite volatile.

While the largest risk is bit price volatility, the bonding curve for bits ensures that there will always be liquidity if you’d like to sell (or buy more)! 🚀 

The Future of Gambit Finance, and SkillFi ⌛️

Our strategy is focused on the long-term viability of returns. One of our biggest questions is, what is the continuity like for Gambit Finance?

Is this a one-off show, or will it carry on?

We were delighted to hear that there are 6x Dota 2 tournaments lined up to December 2024! This means that there is further incentive to hold bits and participate in future event rewards, rather than this just being a money grab.

This also gives the Gambit team enough time to make further partnerships, and potentially integrate future games!

The Gaming industry is absolutely massive. Gambit may be the leading pioneer in the new era of competitive gaming. 🚀 

Make the most of this opportunity, by joining this new wave of innovation!

Note: Keep in mind that this event starts on Sunday 15 September 2024. There is limited time to participate and take advantage of potential returns.

Market Analysis ✨

Interest Rate Cut Gameplan

As we prepare for Monday’s rate cut, we expect increased volatility in major cryptocurrencies.

This means that we are maintaining current positions, and not opening new ones until we hit our key levels which distinguish a reversal.

Why?

Because there is no good Risk to Reward when there’s a high chance that existing technical analysis would be invalidated due to external events.

We’re expecting an even split between 25bps and 50bps rate cuts. This won’t affect the way we trade, it would just affect the amount of potential volatility to occur.

How to trade our levels…

We’re going to be extremely sensitive with our longs over the next month. If we see significant breaks below some of our key levels, we may partially or even fully close our positions in preparation for lower levels. So take these as stop losses.

You may also take these levels as ideal short or long scenarios which may have greater risk/reward.

Bitcoin Analysis

Looking at the upside 📈 🚀

• We’ve hit our key levels for this week, and just a few hours ago, our target which we announced the other day for 60k. Any longs up to now would have had valid take-profit opportunities.
• We’re looking for a 4H close above 61k for further confirmation towards 64k as a next target, however going into next week, we expect there to be sharp movements.
• Liquidation Magnet Level 🧲 61.5k 👀 (~$750M in shorts to liquidate)
• Primary Targets: 61.4k, 64.2k, 65k
• Prioritise longs at key daily/weekly levels rather than FOMO-ing in!

Looking at the downside 📉 👀 

• Liquidation Magnet Levels 🧲 55k, 54.4k
• There has been a significant amount of shorting in recent price action, which has led to short squeezes. We think it’s likely that shorts continue to be squeezed until next week when we could see the opposite reaction for a pullback.
• However, if we were to close on 4H below our key level of 58.2k, we’d expect to see further lows towards 55k.
• Primary Targets: 58.2k, 56k, 54k

Ethereum Analysis

• Ethereum has been severely underperforming BTC recently, despite the retracement to the upside this week. We’re expecting this to retrace around our level below, however, given the status quo, we’d prefer to trade BTC or look into better-performing altcoins such as Solana for the time being.
• If BTC breaks 61.5k, we’d be targeting ETH @ 2600, which would be our main level for the month.
• However, to the downside… We’d be keen on longs @ 2300 and stop losses on any longs below this.
• Further levels to the downside @ 2120

Altcoin Analysis

We continue to monitor altcoins, however, until we see further breakouts in dominance, we don’t see it as necessary to provide an extensive analysis.

We’ll update you next week on this. Stay tuned.

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Investment Strategy 📈

It’s easy to get euphoric about a rapidly changing price action in crypto. But, this bit of the newsletter is here to keep you calm. We don’t make impulse changes.

Due to the potential risks towards the end of the year, caused by volatility, we’re looking to maintain cash reserves around 25-30%, and rather modify risk levels of investments accordingly.

There have been no changes to our allocations since last week, however, we have introduced Risk Levels to our allocations. Please give these a look over, if you haven’t already:

Type

% Allocation

Note/Example

Yield Farming | High Risk

0%

e.g. Low-Medium M.Cap, new farms

Yield Farming | Medium Risk

20%

e.g. Large M.Cap/Blue-chip farms

Short-Term | High Risk

0%

e.g. Altcoin Trading

Short-Term | Medium Risk

20%

e.g. Bluechip Trading (BTC/ETH)

Long-Term | High Risk

8%

e.g. Low-Medium M.Cap

Long-Term | Medium Risk

22%

e.g. BTC, ETH, SOL

Lending | Cash

28%

e.g. USDC Lending

Hedging

2%

e.g. Protective Puts

We’ve focused on Gambit’s event today, however we’ll be bringing you the latest Yield Farming opportunities next week!

Stay tuned.

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Disclaimer: The PokPok Pulse newsletter and any curated information provided by Tago Research are not intended as Financial Advice but as educational content for insights into the crypto market. Only invest what you can afford to lose. We are not liable for any losses incurred.