Greetings Token Metrics Community,
This week we delved into the significant discussions and insights during our latest premium webinar on October 16, 2024. We explored various emerging trends, market movements, and project developments to help keep you informed and ahead in the rapidly evolving crypto landscape.
Platform Insights and Sector Highlights
Avalanche and Subnets: We examined the technical infrastructure of projects built on the Avalanche Layer 1 platform. One interesting aspect was the potential use of a “subnets,” which could enhance the platform’s scalability and customization.
Sector Interests: We see growing interest in new sectors including Gaming, DePin, and SocialFi. These sectors are making strides in attracting Web 2 users by simplifying blockchain interactions. One standout project is a TikTok-like app called “Recrd” on the Sui blockchain, which has gained significant traction with 14 million monthly visitors. This app offers intriguing features such as video comments and content monetization.
Product and Trading Updates
Trading Bot Release: We are excited to share that Token Metrics is on track to release a new trading bot around Black Friday. The bot will automate trades on major exchanges like Binance, with the aim of optimizing trading strategies and enhancing user experience.
TradingView Indicators: For those who utilize TradingView indicators, rest assured that our support continues. Any issues can be directed to our support team for prompt resolution.
Market Trends and Predictions
Sector Performance: Our analysis indicates that meme coins and gaming will dominate key sectors moving forward. In Q3, aside from meme coins, DeFi performed robustly, offering 24.5% returns with notable tokens including Uniswap, Maker, and Aave. Other sectors such as AI, Deepin, and RWA showed promising returns, emphasizing the diverse opportunities within the crypto space.
Uniswap Developments: Uniswap is launching its own Layer 2 chain, which may shift some network activity away from Ethereum.
Insights on Liquid Staking and Memecoins
Liquid Staked Ethereum Tokens: Liquid staked ETH tokens have garnered considerable sector grades, indicating strong interest and potential returns. Projects like Kelp Dao, Swell Protocol, and Etherfi were discussed for their activity and interest levels.
Memecoin Trends: Memecoins continue to capture market interest. Notably, coins like Hoppy, Giga Chad, and Lucky have shown varying returns. We also discussed the emergence of new tokens like Goat, although detailed information is still limited.
Project Evaluations and Technical Insights
Review of IO.net: Our in-depth review of IO.net highlighted its position as a decentralized GPU aggregator serving AI needs. The project connects users to cost-efficient GPU providers and has established a significant market cap with robust backing. IO.net stands out with over 300k verified GPUs and is actively traded on Binance.
Evaluation Framework: We applied a new scoring framework to evaluate emerging projects. Scores above 70 indicate potential quality. Projects like Network3, Qualoo, and Scannit received high marks, reflecting their innovative approaches and market readiness.
More on XDC and Hemi Networks
XDC Network: We discussed XDC’s technology, which is aimed at creating a global trade finance and payment infrastructure. It operates on a proof of stake protocol and scored an impressive 87 on technology metrics.
Hemi Network: Hemi Network impressed with its bridging capabilities between Bitcoin and Ethereum. Utilizing a unique “proof of proof security” consensus mechanism, it enables seamless asset transfers and provides an accessible toolkit for developers. Hemi’s potential is further underscored by backers like Binance Labs.
Strategic Investment Approaches
Profit-Taking and Market Strategies: Our discussions focused on dynamic profit-taking strategies, especially during bull markets. Emphasizing personalized approaches, we advised capturing substantial gains through phased profit-taking and adapting strategies based on market indicators.
Market Trends: Emerging trends include political memecoins and undervalued tokens on new blockchains like Sui and Aptos. These could provide early investment opportunities with substantial upside potential.
Final Thoughts
We had an engaging and informative session, and we appreciate your continued participation and support. Stay tuned for future webinars where we will continue to explore the evolving crypto landscape.
Thank you,
The Token Metrics Team
