Health, Wealth, and Happiness |
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| “Wealth is not about having a lot of money; it’s about having a lot of options.”
- Chris Rock |
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| Howdy investors!
Yield farming has emerged as one of the best ways to generate wealth from your crypto investments. However, it's not all sunshine and rainbows, which is why today we're presenting some of the best (safe) yield farms. Don't chase 100%+ yields in sketchy liquidity pools: stay safe with these top yield farming picks.
Also, Vitalik Buterin provides some insights on the current state of crypto markets in a new interview with CNBC. In the interview, he highlights concerns about over-centralization and the potential use of CBDCs by various global central banks.
Finally, we have a Medium piece that gives an early look at the metrics behind bitcoin leading up to its fourth halving event, anticipated to occur in April 2024. It concludes that bitcoin is well-positioned for another rally in response to the halving.
And now, let's jump in! |
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Best Safe Crypto Yield Farming Rates for 2023 by Matthew Du |
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| Investor Takeaway:Yield farming presents a lucrative but often risky opportunity for crypto investors seeking substantial returns. Investors must be cautious of pools promising unrealistically high returns, and pursue a safer strategy focusing on established tokens. Here are our top picks.
In the beginning, there were only a few ways to generate wealth via crypto: either mining tokens or HODLing until the value of your crypto went up.
But with the evolution of the Ethereum platform and a diverse array of altcoins and DeFi apps, investors have more proactive opportunities to generate profits with their crypto.
One of these, yield farming, has exploded in popularity in recent years, promising high interest rates (APY) and the chance to make more crypto as a bonus.
But "if it sounds too good to be true, it probably is." Extremely high APYs on little-known coins are best avoided, which is why we reviewed the safer crypto yield farming options in 2023 (with top token pairs and token pools).
Read on for our Best Safe Crypto Yield Farming Rates for 2023 >> |
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| Premium Power-Ups Level up your crypto investing game. |
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| New Blockchain Investor Scorecard: Tron
Our Blockchain Investor Scorecards are a quick way to get high-quality due diligence on crypto investments.
Today, we dig into Tron, a Layer 1 network that is currently a Top 10 crypto project by market cap.
Its native token, TRX, serves as the primary medium for transaction fees, staking rewards, and governance on the network. But is TRX worth the investment/
Premium members: Get your copy of the Tron Investor Scorecard and get our instant 1-5 star rating on TRX as an investment.
Not a Premium member? Sign up today to access our complete library of crypto scorecards, token analytics, and other exclusive content to make you a better investor. |
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| | | Must Read Today's most important stories for crypto investors. |
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| Investor takeaway: Vitalik Buterin, Ethereum's co-founder, continues advocating for financial decentralization and improved user experiences in the crypto sector. He has concerns about centralized exchanges and is also wary of national digital currencies' privacy and security implications.
Buterin makes several crucial points about supporting access to financial infrastructure worldwide without sacrificing privacy. He notes, however, that the experience of Ethereum (or crypto more broadly) still has some catching up to do. This is a must-read interview for investors interested in Ethereum. |
| Investor takeaway: Google Cloud has expanded its BigQuery public datasets by adding eleven more in-demand blockchains, aiming to democratize blockchain data and provide comprehensive views across the crypto landscape.
Yet another example of crypto going mainstream: by making on-chain data accessible off-chain, Google Cloud allows customers to access blockchain data easily, and get a complete picture of crypto users and networks. |
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| Investor takeaway: There's a lot of buzz around the upcoming bitcoin "halving" event scheduled for 2024, in which the mining rewards are cut in half, reducing the total number of coins entering circulation. Theoretically, this increases scarcity and could drive up the price of BTC.
The 2024 halving is anticipated to significantly increase Bitcoin's value, with predictions of up to $400,000 per coin due to increased demand and reduced sell-off pressures. Based on previous halvings, now could be a good time to buy. |
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| | | Long-Term Wealth $1K invested at today's market prices |
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| This asset | invested 5 years ago | is now worth | | Bitcoin (BTC) | $1,000 | $4,085 | | Ethereum (ETH) | $1,000 | $3,620 | | Uniswap (UNI)* | $1,000 | $740 | | BNB Chain (BNB) | $1,000 | $15,096 |
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| Note: The future may look different from the past. Please invest carefully. * As UNI is less than five years old, we calculate from the launch date (Sep 2020). |
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| | ICYMI In Case You Missed It |
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| Blockchain Basics Explain Like I'm 5 |
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| What is FOMO? The Quick Guide for Crypto Investors |
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