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Health, Wealth, and Happiness

April 24, 2024

"The most important step you can take: It's not the first one, is it? It's the next one. Always the next step."


- Brandon Sanderson

Howdy, investors!


  • With CryptoPunk 635 recently trading hands for $12 million (pic below), we've updated our Investor's Guide to NFTs with our latest investing strategies.


  • Wall Street is waking up: Morgan Stanley is considering allowing its brokers to recommend bitcoin ETFs. This could spark additional interest in the leading crypto.


  • "Zombie blockchains" are projects that have little usage but still command multi-billion dollar market caps. Buyer beware!


  • Look out, Lido. Restaking is overtaking liquid staking to generate a higher yield on inactive funds, thanks largelyto EigenLayer and Ether.fi.


Read on!

The Investor's Guide to NFTs

by John Hargrave

I have a friend who loves collecting baseball cards.


David has been collecting since he was a kid, and he’s now in his forties. He lives near Fenway Park, and has season tickets to the Red Sox. After games, he goes over to the official Red Sox store to check out the current cards for sale, noting their prices and how quickly they sell.


Then he goes online and looks for the same cards via online marketplaces, scooping up good bargains. He tends to buy and hold for the long term, selling when the price is right.


One of his greatest trades was paying $700 for a 1910 Beals Becker, then selling it for $2,700 a few years later.


David has thousands of hours of baseball card knowledge, which gives him a mighty edge when it comes to appraising the value of cards. He intuitively knows when he sees a good bargain, because he’s seen so many baseball cards.


If you want to successfully invest in NFTs, approach them like my friend David does baseball cards. Think of NFTs as digital collectibles.


Intelligent crypto investors need some principles for investing in these digital collectibles. In this guide, I’ll briefly explain which NFTs are worth anything in 2024, and where they might fit in your investment portfolio.


Click for our nifty guide to NFTs >>

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New Risk 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 the GRT token to reward people who help keep this system running smoothly.


The GRT token has seen recent pressure, falling nearly 50% over the past six weeks. While it remains up 70% over the last 52 weeks, the current bearishness could be troubling.


Our analysts put The Graph's GRT token through our industry-leading Blockchain Risk Scorecard to determine what risks investors in the token might face.


Premium members can download The Graph Risk Scorecard here to learn what our analysts say about 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.

Morgan Stanley Explores Letting Brokers Recommend Bitcoin ETFs (Advisor Hub)

This reflects a broader industry trend of cautious engagement with crypto investments, with other major firms like Merrill Lynch and Wells Fargo cautiously allowing bitcoin ETFs for high-net-worth clients. Slowly, crypto investing is merging with traditional investing.

The Rise Of Crypto’s Billion-Dollar Zombies (Forbes)

"Zombie blockchains" are chains that continue to command multi-billion dollar market caps, despite having few users. Tokens created from hard forks make up some of the zombies, as well as Ethereum competitors that never became the "Ethereum killer." Always look for real users; beware the zombies!

Restaking Overtakes Liquid Staking In Monthly Inflows (The Defiant)

Recent data reveals a significant shift in the Ethereum staking ecosystem, with restaking protocols experiencing substantial inflows at the expense of traditional liquid staking services. Ether.fi led the restaking sector with an impressive $1.2 billion in deposits ... while Lido, our favorite liquid staking protocol, faced $1.4 billion in outflows. (See our guide to Staking on Steroids.)

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Chart of the Day

Bitcoin transactions on the upswing

After the launch of spot bitcoin ETFs, transaction volumes are increasing again. Boosted by the launch of Runes, a new token standard that allows for the creation of NFTs (among other things) on the bitcoin blockchain, transaction counts are at historical highs.


While it's still too early, gains could be coming for BTC holders. Runes are making bitcoin more useful, and increased transaction volumes often precede higher prices. (As to whether you should invest in Runes NFTs themselves, see today's guide.)

ICYMI
In Case You Missed It

A Guide to the Best Crypto Staking Platforms

Our top picks for earning "interest" on your crypto.


Coinbase Staking vs. USDC Rewards

We break down which is better, with historical rates.


This Week’s USDT Interest Rates

Best yields for Tether lending and staking.


An Investor's Guide to AI Tokens

Is AI making blockchain more valuable - or is it hype?


The Crypto Investor's Guide to DePIN

+ the most promising DePIN tokens.

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