Greetings,
As we review the current state of the crypto market, the environment is still bearish but trending up. Bitcoin season is ongoing, and most sectors are down except for exchange-based tokens. Despite this trend, we have identified potential investments and trading opportunities worth keeping an eye on.
Our team has analyzed various projects, including IDEX, Render, and Injective, as potential investments/trades. We have also been paying close attention to Rocket Pool seems undervalued at this moment, and Lido Protocol seems overvalued as per current market conditions as other long-term projects of interest.
We are particularly interest in low-cap altcoins, including Harmony, Ankr, and Celer Network. These projects have good technology and investors, and we recommend looking for projects under half a billion that show similar potential.
In terms of profit-taking strategies for the next bull run cycle, we suggest doubling down on winners with good fundamentals and having an exit strategy. Helium and Polygon are good examples of projects that have shown potential for profit-taking.
Regarding gaming coins, GameSwift is a bullish investment option (we are in the due diligence process of investment as Venture). However, other options are not as promising at the moment.
Some projects that we’ve been looking at and accumulating on public markets, including Ankr Network, Ocean Protocol, IoTeX, LoopRing, Celer Network, LDO, Trufi, Harmony, Dusk protocol, fetch AI, Gitcoin, Cartesi, Polygon, Livepeer, pNetwork, Solana, Canto, Audius, Octopus Network, Astra Dao.
We emphasize the importance of investing with a long-term perspective and targeting projects with low FDV that can enter the top 50 market cap within two years. We are considering specific investments such as Nolus and Obscuro for their L2 privacy layer technology.
Lastly, we briefly discuss Phaver, a platform that operates similarly to Twitter but offers token incentives for users to post content. If entered early, Phaver could be a high-risk, high-reward investment opportunity.
We want to emphasize the importance of Patience when holding certain cryptocurrencies; for example, as Helium, when we repurchased back in time, Patience helped us to increase ROI.
In other news, we are excited to announce the launch of the Token Metrics index, which includes an Ethereum trading index and Astro staking. We have also identified some airdrop claim instructions for those interested.
If you have any questions or would like to discuss these opportunities further, we invite you to join our Astra Private Telegram group for Astra questions. Additionally, the recording of our weekly calls is available for those who could not attend the live webinar.
Thank you for your attention, and we wish you the best of luck in your crypto investments.
Best regards,
Token Metrics Team
