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Health, Wealth, and Happiness

June 17, 2024

"Innovation is serendipity, so you don't know what people will make."

- Tim Berners-Lee

Howdy, investors!

Good analysis can make the difference between winning and losing investments. If you're looking to find better crypto investments, today we list our favorite crypto analysis tools for 2024.
After posting some of the strongest returns in early 2024, memecoins have hit a rough patch that have seen many posting double digit losses over the past week. (We told you so.)
Will Wall Street's greed lead to even more crypto ETFs in the coming months? Tether co-founder William Quigley thinks so: read his prediction below.

Read on to explore more!

Top Crypto Analytics Tools for Investors

by Anatol Antonovici

While most people buy crypto because “price go up,” we’re huge believers in looking at the data.

Crypto investments are unique because they’re built on blockchain technology, which gives you real-time access to data like users, transactions, and fees: a huge improvement over traditional investments like stocks and bonds.

Blockchain analytics tools are web-based software platforms that help investors analyze crypto projects and make informed investment decisions.

With that in mind, we're sharing our editor-curated list of the best analytics tools for investors. These can change your investing game in 2024.

Read on to learn which analysis tools you should be using >>

Premium Power-Ups

Level up your crypto investing game.

New Risk Scorecard: Fantom (FTM)

Fantom is a Layer-1 smart contract platform designed for fast and cheap

transactions. Its native token, FTM, is used for network fees, staking, and

governance.

Over the past 52 weeks, FTM has increased by an impressive 115%, despite losing steam since March.

Given the market momentum, is FTM a sound investment? Or are there risks not being priced into the token at this time?

Premium members can download the Fantom Risk Scorecard here to learn what our analysts say about investing in FTM.

Not yet a Premium member? Sign up now to access our complete library of tools to make you a better crypto investor.

Must Read

Today's most important stories for crypto investors.

Memecoins Get Decimated Amid Market Downturn (The Defiant)

DOGE, SHIB, and PEPE are all down more than 10% in the last seven days, while WIF has plummeted 26%. The recent selloff, exacerbated by the influx of celebrity-backed tokens on Solana, has contributed to this downturn. As we said in our Investor's Guide to Memecoins, this is why we avoid them.

Wall Street is Greedy: Next ETFs After Bitcoin and Ethereum (Decrypt)

Tether and WAX co-founder William Quigley anticipates continued momentum in crypto ETFs: his ETF predictions include Solana and Cardano. Quigley highlighted Wall Street's tendency to replicate successful products and expects a proliferation of ETFs until market demand declines. Of course, this all depends on the willingness of the SEC to approve new ETFs, which seems questionable at best.

FIT21 Isn't the Crypto Win You Think It Is (Blockworks)

The FIT21 bill, recently passed in the House, aims to shift oversight from the SEC to the CFTC. The crypto industry's push for FIT21 reflects a long-term strategy to shape regulations in their favor, potentially turning Web3 into a crypto version of Web2. FIT21's decentralization criteria allow founders and affiliates to hold substantial token shares, potentially enabling backdoor centralization. But don't worry: the bill's chances in the Senate are slim.

Long-Term Wealth

$1K invested at today's market prices

This asset	invested 5 years ago	is now worth
Bitcoin (BTC)	$1,000	$10,232
Ethereum (ETH)	$1,000	$8,081
Uniswap (UNI)*	$1,000	$1,918
BNB Chain (BNB)	$1,000	$43,438

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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Chart of the Day

Top Layer-2s by Cumulative Fees

Source: Token Terminal

If you want to know how much money a crypto project is making, just look at the fees it collects. It's similar to seeing the sales figures for traditional companies.

More fees can lead to greater profits, which can be used to grow and improve the project, compensate users, and reward investors.

The recent Dencun update on Ethereum hurt many of the Layer-2 solutions, reducing gas fees and thus reducing the fees collected by the L2s. However, there's one fairly notable exception, and that's Base.

Base has continued to grow its fees collected, even as it grows its daily active user base. (Translation: more customers and more revenue.) Over the past 52 weeks it is basically tied for the most fees collected, despite only launching on Aug. 9, 2023.

Those fees and the growing number of users who generate them arguably make Base the most valuable L2 solution today. Remember: you can't invest in a BASE token, but you can invest in its parent company Coinbase ($COIN).

ICYMI