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Health, Wealth, and Happiness

April 24, 2024

"When you find an idea that you just can't stop thinking about, that's probably a good one to pursue."

- Josh James

Howdy, investors!

There are numerous options available when it comes to staking your tokens. We look at some of the top centralized choices, which offer good yields, ease of use, and superior safety.

Layer-1 blockchains are the backbone of the blockchain ecosystem, yet they aren't static. Learn about the innovations causing L1s to evolve as they seek to meet the needs of the growing DeFi ecosystem.

Is Coinbase stock a steal? At least one analyst believes so, pointing to the strength of the Coinbase brand and a discounted cash flow model as proof.

Crypto has long been looking for the "killer app" to help it explode in adoption, but the killer app might not be an app but rather a shift to an improved user experience.

Read on!

A Guide to the Best Crypto Staking Platforms

by Preetam Kaushik

After a resurgent 2023, crypto markets are back in the news cycle, and one area - staking - looks more attractive than ever this year.

Fun fact: Staking in Proof-of-Stake networks has seen substantial growth, with over $700 billion committed by investors as of Q1 2024.

If you are interested in staking, your first decision is to choose a reliable platform. To help you with that decision, we’ve researched our favorite crypto-staking platforms on fees, usability, security, and trust. Here's our list of top picks.

Read on to see our top-rated staking platforms >>

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New Investor Scorecard: The Graph (GRT)

The Graph is a protocol that helps developers find the information they need on blockchains like Ethereum. This makes it easier to build faster and more reliable

crypto apps. The Graph uses a GRT token to reward people who help keep

this system running smoothly.

GRT is now among the world's top 50 largest tokens by market cap, and its price has increased by 110% year over year. However, at $0.29, it is still well off its all-time high of $2.88. A bull market could potentially see a significant upside for GRT.

Premium members can download The Graph Investor Scorecard here to learn what our analysts say about The Graph, its fundamentals, and investing in GRT.

Are you not yet a Premium member? Sign up now to access our tools and tips for becoming a better crypto investor.

Must Read

Today's most important stories for crypto investors.

Layer-1 Landscape (Coin Metrics)

A look into the evolution and diversity of Layer-1 (L1) blockchain networks, focusing on their critical role in the crypto ecosystem. Bitcoin is evolving into a general-purpose platform, while Ethereum has shifted towards a modular architecture through the Dencun upgrade. The L1 landscape is changing (as we covered in our feature on Dencun), and here's what investors need to know.

Coinbase's Stock Is A Steal At These Levels (Seeking Alpha)

Coinbase is the largest publicly-traded crypto exchange in the U.S. Its strong brand is adept at attracting new users, and its products are terrific. This valuation analysis using a discounted cash flow model suggests that $COIN is currently undervalued by 47%. However, we can't ignore inherent volatility in the cryptocurrency market, which presents substantial risks despite expected future stabilization.

Crypto Will 10x Internet UX(Paragraph)

Here's a prediction of a shift towards a more intuitive approach to crypto products that could bring hundreds of millions of new users. This shift will come not from "democratizing finance" or "decentralization," but to improvements in basic user experience (UX) that surpass current Web2 experiences. The more useable that crypto products get, the more people will use them.

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Chart of the Day

Which Layer-2s are most profitable?

To survive over the long term, a business must be profitable. Crypto businesses are no different.

While some projects might run at huge losses for multiple years - consider Amazon in the past or OpenAI currently - the eventual goal is to make profits for the company and its investors.

Since the blockchain space is so new, many companies are still in the early development phase, where profits are elusive. But that's not true for all companies.

In the Layer-2 space, we can see that the top projects deliver some profits, although those profits tend to be volatile, just like the associated tokens.

However, at least one Layer-2 has been able to maintain consistent profitability.

Despite its decline since launch, Base is the clear winner regarding profitability in the Layer-2 market sector (blue line, above). While this doesn't directly benefit users since there's no Base token, it could benefit Coinbase stockholders ($COIN).

ICYMI