Health, Wealth, and Happiness

July 19, 2023

Howdy investors!

Despite last year's dire predictions of a massive recession, investors are more bullish than since 2021. Stocks -- particularly tech stocks tied to AI and the Metaverse -- are rallying, as risk appetite soars within the investor community.

According to a survey of sentiment by the American Association of Individual Investors, bullish sentiment is now at its highest level since 2021.

While crypto doesn't always follow stocks, there's always been an interesting correlation between the two ... particularly when investors embrace risk assets. That could be bullish for the overall crypto market in the second half of what's already been a pretty darn good first half of the year.

Let's dig into today's newsletter!

The Ultimate Guide to the Top 5 Protocols on Tron (TRX)

by Anatol Antonovici

Investor Takeaway: Tron has made a name for itself as an Ethereum alternative. The blockchain platform has grown a significant user base, primarily in Asia, and has carved out a sizable portion of the DeFi market. However, it’s worth noting that the dominance of the JUST ecosystem on Tronmight impact its long-term diversification and growth.

Tron, an Ethereum alternative, has caused a stir in the DeFi space, accounting for over 11% of the total value locked (TVL) in this particular industry. As of this writing, Tron's native token, TRX, is among the top 10 cryptocurrencies, with a market cap exceeding $7.15 billion and a YTD return of 45.5%.

The good news for crypto investors is that the growth of Tron's investment ecosystem has been powered by its robust protocol interoperability, and may be an opportunity for individuals looking to diversify their crypto holdings.

The bad news is that we never know which crypto investments, including Tron, are here for the long haul, regardless of initial promise.

Read on to learn more about the top 5 projects built on Tron. Click to Click to continue reading >>reading >>

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New Blockchain Risk Scorecard: Dogecoin!

Dogecoin, literally, is a joke... a dog-centered meme coin built to mock crypto. Due to the endless enjoyment that online denizens find in simple memes (and a not-so-subtle "endorsement" from the richest man in the world), Dogecoin has become one of the most popular cryptocurrencies worldwide, with over $8 billion in market capitalization.

Our new Dogecoin Blockchain Risk Scorecard looks into the potential risk factors of investing in DOGE. From finances and leadership to risk and regulations, we're documenting what investors might be exposed to when investing in Dogecoin.

When it comes to crypto investments, it isn't a stretch to ask for some resources and research to back up claims of value or longevity. That's why we build out our "scorecards" using analyst insights and rigorous evaluations of risk and ownership.

Premium members: Download the Dogecoin Blockchain Risk Scorecard here for our 1-5 star rating on the safety of DOGE as an investment.

Not yet a Premium member? Sign up now to join and get access to our complete library of investor scorecards.

Must Read

Today's most important stories for crypto investors.

Aave Launches GHO Stablecoin on Ethereum Mainnet(The Defiant)

Investor takeaway: GHO makes borrowing on the Aave Protocol more competitive, provides more money-making options for stablecoin holders (currently 1.5% APY), and generates additional revenue for the Aave DAO by sending 100% of interest payments on GHO borrowing back to the DAO.

Streak of Inflows to Crypto Products Highest Since 2021(Blockworks)

Investor takeaway: Increased inflows began when BlackRock announced its spot bitcoin ETF application and have remained high since. As more money flows into bitcoin, price should begin to rise as demand outstrips supply.

Gensler Thinks it's 'too early' to Say if Ripple Ruling will Lead to More Crypto Rules (The Block)

Investor takeaway: Gensler obviously has not softened on crypto markets, so look for continued prosecution from the SEC.

RFK Jr. Announces Bold Plan to Back Dollar With Bitcoin, End Bitcoin Taxes (The Street)

Investor takeaway: While not likely to become reality, exempting bitcoin and other cryptocurrencies from taxes in the U.S. would be a huge win for the entire sector, not only benefitting investors, but also spurring investment and innovation for the U.S. crypto industry.

Long-Term Wealth

$1K invested at today's market prices

This asset	invested 5 years ago	is now worth
Bitcoin (BTC)	$1,000	$4,713
Ethereum (ETH)	$1,000	$4,380
Uniswap (UNI)*	$1,000	$1,026
BNB Chain (BNB)	$1,000	$19,665

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).

ICYMI