Dear Token Metrics Community,
Here’s a detailed recap of our latest webinar held on October 30th, 2024. We hope this insight on our current market strategies and project evaluations provides valuable guidance for your crypto investment decisions.
Market Update & Top Investment Picks
Host & CEO Token Metrics: Ian Balina
Head of Investment Token Metrics: Abdullah Sarwar
Key Discussions:
Highlighted Investments
We focused on our top five investments, recognizing the vast number of over 40 total investments we are tracking. Emphasis remains on staying bullish about these projects, especially when they are launching new features or offering airdrops.
Parcl Investment
We are optimistic about the future of Parcl, particularly with its potential for more listings like on Coinbase. Parcl allows for real estate trading tailored to institutional investors, providing a robust long-term investment opportunity. We were early investors and liquidity providers for Parcel, and recent positive trends in the crypto market affirm our confidence in its potential.
Ethena Potential
Using prudent investment strategies, we see Ethena as a substantial long-term product. While some skepticism remains, its utility and yield generation—currently offering a 13% return as a stablecoin APY—make it a prudent addition to a diversified portfolio. Conservatively, recommend not to place more than 25% of your assets into high-risk protocols like Ethena.
General Market Observations
With the decline of centralized finance platforms, self-custody has never been more crucial. Diversification is key—avoid putting all assets in one protocol to mitigate risks, including potential smart contract hacks.
Abdullah’s AI Research
Abdullah’s recent research explores the promising sector of AI agents. Highlighted projects include Fetch AI, Singularity Net, Autonolus, Theroriq, Talus, Pin AI and AgentLayer—all pushing the frontiers of AI collaboration and programming. Autonolus (OLAS) is particularly noted for its high rating from blockchain engineers, while Theoriq enables the creation of AI agent collectives where a bunch of AI agents collaborate to perform a common function.
Recent Adjustments and New Ventures
Venture Capital Strategy:
We adjusted our strategy based on negative feedback from other VCs about Movement and Rooch Network. Investment in Rooch Network was initially diverted due to their preference for larger VCs. Movement, however, gained significant funding from Binance and Polychain, enhancing its valuation.
Investment Reviews:
We plan to review 700-800 projects in the next three months, expanding from 400 reviewed in the previous quarter. Continued thorough due diligence is our priority.
Project-Specific Updates
Lucky Token:
Amid the excitement, Lucky tokens were airdropped to Astra holders and are now trading on Aerodrome with a market cap above $1 million. Despite some technical challenges, early indicators are promising.
- RECD on SUI: Testing indicates it functions similarly to TikTok, with significant traction particularly in India.
- Grass Token Generation Event: We remain cautious about valuation amid high market caps and AI project bindings.
Strategic Insights
We remain bullish on diversified ventures like Dimo, and Natix, leveraging innovative models that include driving to earn cryptocurrency.
Peaq Launch: Peaq will launch on November 12th on major exchanges, promising potential for significant market valuation.
Technical Updates
We are continually improving our technical infrastructure, with upcoming updates planned for token details pages, including more comprehensive investor and VC data as well as on-chain metrics.
Community Focus
It was important for us to address feedback suggesting we are late to trend identification. Our focus remains squarely on pre-market analysis and long-term narratives, ensuring we deliver timely and valuable insights. Not just chasing current trends, but anticipating and analyzing projects before they become widely recognized.
Thank you for your continued trust in Token Metrics. As we prepare for more thorough project reviews and strategic evaluations, we aim to equip you with the information you need to navigate the ever-changing crypto landscape effectively.
Best Regards,
The Token Metrics Team
