We recently had a call with Token Metrics CEO Ian Balina. He discussed the bearish market environment and provided updates on sectors and tokens, including synthetic assets and derivatives. Defi platforms as the top performers, while meme coins dominate the market. He also summarized token metrics based on trader and investor grades and analyzed the project’s fundamentals and technology grades to hypothesize potential outcomes for FDV.
Additionally, he provided insights on buying and selling during the next bitcoin cycle and altcoin season, emphasizing the importance of accumulating during bear markets and taking profits during peak seasons. He also discussed assessing the worst-case, base-case, and moon-case scenarios for various crypto projects and offered his perspective on investing in low-cap coins.
He also briefly mentioned Solana Saga phones and the launch of the WBTC index on Astra DAO, powered by Token Metrics Data API. This index is based on the WBTC trading indicator and allows users to stake ITOKENS to earn a dynamic yield of Astra tokens as rewards for investing in the index.
Key Points:
- The webinar discussed updates on sectors and tokens, including synthetics and derivatives, as the top performers, while meme coins dominate the market.
- The expert summarized token metrics based on trader and investor grades, with Phantom being undervalued compared to Cosmos.
- They analyzed the Fantom project’s fundamentals and technology grades to hypothesize potential outcomes for FDV. Ian said it could double by year-end or reach Bitcoin cash prices in the worst case.
- The speaker predicted that Fantom has the potential to catch up to other top cryptocurrencies, with a worst-case FDV valuation of $2 billion and a moon case of 17 billion.
- The speaker discussed Loop Network (LOOP) and Casper Network (CSPR) for Trading.
- They provided insights on buying and selling during the next bitcoin cycle and altcoin season, emphasizing the importance of accumulating during bear markets and taking profits during peak seasons.
- Using the example of Fantom, the speaker discussed how to approach selling in a bull run. They suggested dividing profits into three targets and selling at each target, with the final sell around September 2025.
- Ian Balina discussed assessing the worst case, base case, and moon case scenarios for various crypto projects.
- He applied Token Metrics’ scenario analysis tool to determine potential market share gains and price predictions for Polygon as it might hit 1% of the market share, probably the moon case that is 24-25x.
- He also offered his perspective on investing in low-cap coins and CBDC development.
- The webinar briefly mentioned Solana Saga phones Dune dashboard, which has sold 9700 units with less than 300 left in the first batch.
- The wrapped bitcoin index on Astra DAO, powered by Token metrics Data API, has been launched with automated Trading based on the WBTC trading indicator. ITOKENS can be staked to earn a dynamic yield of Astra tokens as rewards for investing in the index.
