Dear Token Metrics Community,
We hope this newsletter finds you well. Our latest Premium Webinar held on July 3, 2024, was packed with insightful discussions on the current state of the cryptocurrency market, investment strategies, and updates on various projects. Here’s a concise summary of the key points discussed:
Market Overview
We have observed that the market is currently bearish, which requires cautious and calculated investment decisions. The cycle is slow, but it is not the end. We predict a future bull run for the cryptocurrency market, driven by potential catalysts such as the launch of an Ethereum ETF and significant political events.
Project Insights
Investment Picks and Performance:
- Andrena: Valued at 80 million, Andrena emerged as a top pick for investment. We expressed confidence in its potential performance.
- Old Projects: We analyzed the challenges faced by older projects like ADA (Cardano), DOT (Polkadot), LINK (Chainlink), MATIC, ALGO, RAND, and ATOM (Cosmos) in reaching previous all-time high prices. Technological advancements and market competition play significant roles here. There is more optimism towards Chainlink and Matic compared to Cardano and Cosmos in surpassing all-time highs.
Assessment of Other Tokens:
- Kaspa: Discussed its market cap and potential growth along with speculation about peak airdrops for projects like Natix Network and Silencio.
- Helium: Highlighted the potential growth due to the introduction of an energy sub-network, making it a worthwhile investment opportunity.
- Natix Network: Despite bearish market conditions, the potential as a hedge was discussed.
- Potential Tokens for Investment: Andrena, Movement, BEVM, and Parcl were mentioned, with notable confidence expressed in Andrena.
Risk Assessment:
- Evaluated Spacemesh, Across Platform, Swarm, Io.net and Aerodrome Finance. Suggested a cautious approach to new investments due to the current “risk off” market conditions.
- Updates on projects such as Astra Dao‘s launchpad and potential meme coin for Astra Dao stakers.
Upcoming Launches and Strategic Moves:
- We discussed the strategic timing of projects like Peaq Network and Dojima Network, Helium, and Aerodrome Finance based on market advice.
- Ready Games is set to launch on a notable tier one launchpad soon.
- Nillion had a coin list campaign, with the launch date yet to be confirmed.
Industry Developments:
- Potential influences like the introduction of AI into token websites, new trends in decentralized liquidity protocols, peer-to-peer swaps, and crypto wallets were discussed.
- Highlighted the potential impact of the reserve coins such as Kaspa.
Financial Instruments:
- There was a balanced discussion on whether ETFs are overhyped and potential traps for funds that could otherwise be allocated to actual cryptocurrencies.
- We provided information on how Special Purpose Vehicles (SPVs) work for individual investors and plans to expand the VIP group.
Future Outlook:
- We are not bullish on DeFi projects currently and recommend a cautious approach to potential investments.
- Moon targets and base cases for various tokens like Kaspa were discussed, indicating potential market values.
In conclusion, our webinar highlighted the importance of careful and informed investment strategies amidst current market conditions. We are committed to providing you with the latest market insights and updates as we navigate this evolving landscape together.
Thank you for your continued support.
Best regards,
The Token Metrics Team
