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| "You don't have to be a genius or a visionary or even a college graduate to be successful. You just need a framework and a dream." - Michael Dell |
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| Howdy, investors!
- Tron is one of the largest, most used smart contract blockchain solutions, but is its TRX token a good investment? Could it even overtake Ethereum? Get our complete analysis below.
- MetaMask is one of the largest crypto wallets - and arguably one of the best. Recently they released one of the best portfolio management tools for crypto, and today we're unpacking how MetaMask Portfolio works.
- Trump has famously flipped pro-bitcoin, but there's still hope for Democrats. In today's column, you'll learn how the Democrats can support crypto, to win the pro-crypto vote.
Read on! |
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| This Week in Bitcoin Market Journal Our latest crypto investing insights and ideas. |
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| Should You Invest in Tron (TRX)? Charts, Stats, Analysis for 2024
It's 2017, and the first crypto boom is in full swing. Enter Justin Sun, a young entrepreneur with a vision that would make even the most seasoned investors sit up and take notice.
Fresh from his stint as Ripple's chief representative in Greater China, and armed with the mentorship of Alibaba's Jack Ma, Sun wasn't just dreaming big—he was aiming for the stars.
His idea was Tron, a platform that he hoped would turn the entertainment industry on its head. Sun's pitch was simple: cut out the middlemen and connect content creators directly with their audiences. It was attractive to artists and consumers alike, promising a future where creativity flowed freely, unshackled by corporate gatekeepers.
But grand visions need grand funding, and Sun saw crypto as a way to provide those funds. Sun launched Tron (TRX) through an Initial Coin Offering (ICO) on Ethereum. His timing was impeccable, and a cool $70 million poured in, giving Sun and his team the funding they needed...
Is Tron (TRX) a good investment? Click for our complete analysis >> |
| An Investor's Guide to MetaMask Portfolio
MetaMask is a popular cryptocurrency wallet that has been around since 2016 and has over 30 million active users. Recently, the company launched MetaMask Portfolio, a suite of tools built into the MetaMask wallet that allows investors to view their MetaMask accounts and assets all in one place, as well as participate in activities such as buying, bridging, swapping, and staking.
We believe that MetaMask Portfolio is an excellent tool for those looking to simplify and enhance their crypto investment management experience. The portfolio gives you the ability to buy, bridge, swap, sell, send, and stake crypto all in one place, so you don’t need to hop from tab to tab.
Additionally, the sleek dashboard allows you to connect multiple accounts, research wallet analytics, and view token prices, making it easier for you to make sound investment decisions. The portfolio also offers a number of robust security features, such as encryption, so you may feel more secure knowing your assets are safe. Read our guide to MetaMask Portfolio here >> |
A Democratic Platform for Crypto
Donald Trump has become a crypto bro hero.
Though he once tweeted “I am not a fan of Bitcoin and other Cryptocurrencies,” he is now wholeheartedly embracing crypto. He has promised to create a bitcoin national reserve, fire SEC chief Gary Gensler, and make the U.S. the “crypto capital of the planet.”
There’s good political strategy here: according to a recent poll, 1 in 7 voters own crypto, and they are trending more likely to vote for Trump.
What can Democrats do to compete?
Although the Biden administration has been pretty terrible to crypto investors, the Harris/Walz campaign has an opportunity for a fresh start.
Here are some ideas for a realistic, practical platform for a Democratic crypto platform that would help them swing the crypto vote.
Find out how the Dems can win the crypto vote >> |
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| Premium Power-Ups Level up your crypto investing game. |
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Have You Seen Our Crypto Rankings? |
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| Our Crypto Ranking page is a complete listing of crypto projects we’ve analyzed, ranked by our Bitcoin Market Journal Score.
Our team of analysts uses our industry-leading Blockchain Investor Scorecard and Risk Scorecard to determine the quality of each digital asset. Think of these like a stock rating, with our explanation in the Analyst Reports available right from the page.
Premium BMJ members have full access to the Investor and Risk scorecards, giving them a complete picture of how each project stacks up as a possible investment in terms of its fundamentals, management, potential risks, and more.
Not yet a Premium member? Sign up now and get access to all the complete scorecards along with all future updates.
Get our analysis of all the top investments by going Premium >> |
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| Must-Reads This week's most important stories for crypto investors. |
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| (Coin Metrics) - 2024 started off with a bang, but the market cap, usage, and fees of leading layer-1s has lagged in recent months. Still the biggest players in crypto, layer-1s are beginning to differentiate, with Solana carving a niche as the low-cost, small-transaction network. The future winners may be BTC, ETH, and SOL. |
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| (Unchained) - The stablecoin market has seen a 30% increase in market cap this year, with USDT, USDC, USDS (formerly DAI), USDe, FDUSD, and PYUSD driving much of that growth. As we reported last week, more fiat is being converted into crypto via stablecoins: slowly but surely, dollars are going digital. |
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| (The Defiant) - Polygon is upgrading its MATIC token to POL, a key step towards Polygon 2.0, which aims to be a zkEVM. The transition sets the foundation for an AggLayer, uniting various Polygon solutions. However, the switch has done nothing to halt the slide in the token price that's been underway since June. |
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Solana Gets Physical With DePIN (Bankless) - DePIN networks, especially on Solana, are gaining momentum. These decentralized physical and virtual infrastructure projects offer users token rewards for resource contributions. Key examples include Helium and Hivemapper, both of which showcase crypto's real-world utility and opportunities to earn extra income. |
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| (Token Terminal on YouTube) - Ethereum researcher Max Resnick explains why Ethereum L2s are intercepting the users, transactions, and value from reaching the L1. Worth a watch for understanding the emerging Ethereum ecosystem, and who will capture most of the long-term value. |
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Chart of the Week Layer-2 Profitability |
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| 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 do deliver some profits, although those profits tend to be volatile, just like the associated tokens.
However, the profitability in the Layer-2 space is becoming more consistent for the top projects.
Relative newcomer Base has remained the winner for the last few months; however, other L2s are closing that gap. Arbitrum is not far behind Base, and is well worth keeping an eye on in the coming months. |
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| | | ICYMI In Case You Missed It |
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In case you've missed our recent newsletters, here are links to the August 26 and September 3 newsletters, as well as the most recent BMJ investor content:
Is the LINK token still worth your investment? Read our complete analysis.
By understanding L2 metrics, you can find the tokens most likely as long-term investments.
Learn how investing in crypto technology is helping with financial inclusion, and (more importantly) why you should care. |
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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, Anatol Antonovici, Matthew Du, Daniel Joel, and Preetam Kaushik.
Both free and Premium subscribers get content to build them into better investors.
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