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- No. 55 ⚡️ All roads lead to Polygon, Uramium's getting 🥵 & what it means for your investing
No. 55 ⚡️ All roads lead to Polygon, Uramium's getting 🥵 & what it means for your investing
Gm. Uramium's getting 🥵 and what it means for your investing…All roads lead to Polygon 🧬 The secret sauce behind its wins 🥫 Cheres app ⚡️ introduces a new way to ask your crypto/stocks questions, see all you've got in one place. 💚
No running away from Layer 2: Looks like all roads lead to Polygon 🙌
If Tarantino ever made a flick on blockchain, it's gotta be about Polygon. It's not seduced by speed. It's slick. And it knows what it's doing. Look at the lineup of Web2 brands Polygon's put together this year - Disney, Adobe, Reddit, Starbucks!
🤝 Polygon's brand partnerships have put the network among the world's top 10 blockchain projects. The recent Meta x Polygon collab pushed MATIC's price by 20%🔺. Besides raking in these gains, most of Polygon's projects have been delivering great results. For instance, Reddit users created 3 million Polygon wallets to claim a free NFT avatar.
But, but...what's behind Polygon's mojo? 🔮Ryan Wyatt, Polygon Studios CEO says his "secret sauce" that's prolly making Web2 brands flock to build on Layer 2 is bringing together experienced big tech veterans with Web3 natives who “live and breathe this space.” The combination helps Web2 brands get over the hump and embrace NFTs and decentralized models.
All that AND unaffected by FTX drama 🦾A bonus surprise is its brand partnership experiments are completely unfazed by the FTX collapse. Wyatt thinks the crypto contagion shows how crucial decentralized protocols are compared to centralized platforms. That makes Polygon an even more credible platform for brands to build on.
Note: None of what Cheres shares is financial advice, nor opinions. We simply share the news. 🗞
Uranium's getting hot, hot, hot 🔥
The world wants it clean, the world wants it cheap, and what fits the bill? Nuclear energy. Ukraine-Russia crisis has worked like a wake-up call for all nations running their economy via Russian fuel. The US, European countries, India, they're all tryna figure out how to produce most of their energy supply in-house. And with each of those nations having to adhere to climate change policies, the Uranium industry is having a real moment.
In August, Japan’s prime minister Kishida said Japan's restarting 7 suspended nuclear reactors. After his announcement, the Global X Uranium ETF surged 11.5%, Cameco gained 27% and Uranium Energy went up 30.3%.Japan's shifting stance on nuclear has also compelled other nations to rethink Uranium like...
🇩🇪Germany is re-evaluating its decision to close its reactors amid a gas shortage.🇧🇪 Belgium is extending the life of two reactors by over a decade.🇮🇳India is plans to build a “mega-reactor” to shift from coal to clean energy.🇫🇷France is planning to construct 14 reactors starting in 2028.🇺🇸United States is honing its nuclear sector with $30 billion in tax credits.
🎰 A'ight. So how do you bring Uranium gains your way: There's 4 ways.Invest in uranium-related stocks: Big mining/production companies like Cameco, Kazatomprom, BHP, and Rio Tinto offer an in.
Via exchange-traded funds (ETFs): If you don't wanna spend time picking stocks, invest in ETFs. Global X Uranium ETF, Van Eck Market Vectors, and Uranium + Nuclear Energy ETF are a few options.
Invest in uranium futures: They provide investors with a marketplace to enjoy direct exposure to uranium investments.
Invest out of the box: You can also look into companies that provide capital to the uranium mining industry. For instance, there’s the Sprott Physical Uranium Trust and Uranium Royalty Corporation. The company provides crucial capital to the uranium mining industry.
