Health, Wealth, and Happiness |
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| “You cannot escape the responsibility of tomorrow by evading it today.”
- Abraham Lincoln |
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| Howdy, investors!
- Given the incredible popularity of staking this year, today we unveil our new guide with step-by-step instructions on how to stake the Top 5 tokens.
- Binance is moving to meet EU regulations, with big news about how it supports stablecoins in the European Union.
- We're on the other side of the bitcoin halving, and experts predict major gains by 2025. Is this bullishness warranted?
Read on to explore more! |
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How to Stake: The Top 5 Proof-of-Stake Tokens by Daniel Joel |
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If you staked $1000 in each of the top 5 staking tokens on January 1st, 2024, here’s what you would have earned in the first five months. (Note: staking rewards fluctuate, and we’ve excluded fees.) |
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| The table above is helpful, as it shows you: - Staking rewards are paid in tokens, so you end up with more tokens as you continue to stake.
- The reward rate is only one factor: the bigger factor is the performance of your underlying token. (Thus the importance of choosing quality crypto companies.)
- Thus, a depreciated token such as Polkadot can reduce total return, sometimes resulting in a net loss despite high staking rewards.
This is a small sample size over a short period. This is why staking is a long-term strategy that helps you earn additional income on quality crypto investments. Here are step-by-step instructions on how to stake in each of the top 5 tokens.
Read on and get started with staking >> |
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| Premium Power-Ups Level up your crypto investing game. |
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| We round up our best investing ideas from the previous month for our paid subscribers each month. To save you time and effort, consider this your at-a-glance list of our best blockchain buys in one easy-to-read list.
Our next edition drops on Thursday, June 6th. It recaps all our best investing ideas in crypto-adjacent stocks, staking yields and platforms, and rising crypto companies (both old and new!).
We also share all our recent investor scorecard ratings in one easy-to-read list.
Not yet a Premium member? Sign up today, and you won't miss out on any of the outstanding premium content. Plus, you'll get access to our BMJ token drops, merch, and much more! |
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| Must Read Today's most important stories for crypto investors. |
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Jan van Eck is bullish on crypto, pointing to the recent SEC ruling on ETH ETFs. Hedge fund VanEck was one of the first to apply for the ETF, and the CEO sees this decision (and the recent FIT21 Act passing the House) as a good indicator of more regulations over Ethereum: good for ETH holders, good for crypto in general. |
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We're now past the bitcoin halving, and investors are quickly trying to look into their crystal balls and forecast the future of the crypto. Looking at previous halving events, experts are seeing the potential for massive jumps in price, potentially into the six-figure range. (Bonus: see this excellent explainer from the All-In podcast.) |
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We're bullish on stablecoins, because they stabilize an otherwise volatile crypto market. However, not all stablecoins are equal. With the EU introducing more stablecoin regulations, Binance will begin limiting the trade of tokens issued by unregulated companies. While they have not fully defined what that means, how they do so will significantly impact EU token trade in the future. |
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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 | $10,829 | | Ethereum (ETH) | $1,000 | $8,699 | | Uniswap (UNI)* | $1,000 | $1,675 | | BNB Chain (BNB) | $1,000 | $45,139 |
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| Note: The future may look different from the past. Please invest carefully. * As UNI is less than five years old, we calculate from the launch date (Sep 2020). |
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| Chart of the Day Layer-2 Profitability |
| To survive over the long term, a company must be profitable. Crypto companies are no different.
While some projects might run at huge losses for multiple years -- consider Amazon in the past or OpenAI currently -- the eventual goal is to make profits for the company and its investors.
Since blockchain is so new, many companies are still in the early development phase, where profits are elusive. But that's not true for all companies.
In the Layer-2 space, we can see that the top projects deliver some profits, although those profits tend to be volatile, just like the associated tokens.
However, at least one Layer-2 has been able to maintain consistent profitability.
Despite its decline since launch, Base is the clear winner regarding profitability in the Layer-2 market sector (blue line, above). While this doesn't directly benefit users since there's no Base token, it could benefit Coinbase stockholders ($COIN). |
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| | ICYMI In Case You Missed It |
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| Bitcoin Market Journal is a daily newsletter that makes you a better crypto investor. It's created by John Hargrave, Steve Walters, Gerald Jackson, Anatol Antonovici, Matthew Du, Daniel Joel, and Preetam Kaushik.
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