Greetings,
Welcome to this week’s edition of the Token Metrics Weekly Update. Here’s a summarized breakdown of our latest webinar discussions and insights, providing an in-depth look into the current state and developments within the cryptocurrency market.
Strategic Sell-Offs and Market Considerations
In this week’s webinar, we discussed tactics for executing large sell orders without causing significant market disruption. We agreed on selling 2.5 million in Andrina, highlighting the use of Time-Weighted Average Price (TWAP) or Volume-Weighted Average Price (VWAP) strategies to mitigate slippage. We noted the importance of avoiding low trading volume periods and recommended using algorithms or bots, even if it takes several days.
Our strategy involves converting sold tokens into Solana or stablecoins, then transferring the funds back to wallets and cashing out through exchanges or OTC desks. This method ensures minimal market impact and optimized returns.
Launch Delays and Project Updates
Legal issues have delayed the launch of the Token Metrics AI, but we aim for a Q3 or early Q4 release. Additionally, our launchpad is primed and ready, but the inaugural project’s launch has been pushed to mid-August.
Parcel Perpetual Points Program: Enhancements and Strategies
We explored the Parcl Perpetual points program for season two, with new boosts available for HOA NFTs and staking parcels. We delved into personal strategies and the potential influence of liquidity and stablecoins on point accumulation.
Airdrops and New Token Evaluations
Astrada plans to airdrop tokens to stakers, with potential profitability mentioned for its meme coin. We also assessed Ondo, TAO, Akash, and Aerodrome, offering specific insights into each project’s performance and prospects.
Critical Project Comparisons
We compared Alephium, which was deemed a better performer, against Spacemesh, identified as a moonshot. Coin List’s pre-sale valuation was also discussed, with potential projections of a 10x or 100x increase.
Investment Insights and Protocol Reviews
In the investment sphere, we considered $KARRAT at its current value of $0.50, viewing it as a long-term play not suitable for swing trading. We expect $KARRAT to achieve at least a 20x return before reassessing.
Crypto Accountants and Short-Term Gains
We offered recommendations for finding skilled crypto accountants, suggesting Koinly for tax calculations. Short-term profit trades, particularly in meme coins, were discussed with caution due to risks.
Market Overview
The market has been choppy, with the market cap peaking in March at 2.8 trillion, crashing to 2.1 trillion, and currently stabilizing around 2.5-2.6 trillion. Despite market fluctuations, meme coins remain robust, and notable movers include Singularity AI, SwissBorg, and Kaspa, the latter retaining a bullish outlook.
Detailed Project Analyses
Speaker A provided detailed evaluations of Clearpool, Centrifuge, Polytrade, Maker DAO, Tether, and Ondo Finance, emphasizing the importance of tokenomics and on-chain data. We compared deep tech investments, notably in AI and physical devices, with positive sentiment towards Peaq and Andrena.
Tokenomics and Market Cap Analysis
We analyzed projects such as Injective and the Natix Network concerning token release schedules, market cap, and inflation. New projects like Natix were evaluated for their bearish market suitability.
Real-World Asset Tokens
We assessed the potential of Goldfinch and Pendle for significant growth, examining Goldfinch’s lending model issues and Pendle’s bullish large-cap performance.
AI and Technology Investments
The rise of AI was likened to transformative tech milestones like the Internet and the iPhone, underscoring AI’s future significance. We delicately discussed holding Chainlink (Link) during a bull run, balanced with caution due to inherent risks.
Cashing Out Strategies
Lastly, we provided cash-out strategies during bull runs, recommending exchanges and OTC desks, and emphasizing the security of storing assets on ledger hardware wallets.
Thank you for joining us. Stay tuned for more updates, and as always, keep an eye on the market trends and developments.
Best,
The Token Metrics Team
