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| "An innovation will get traction only if it helps people get something that they're already doing in their lives done better." - Clayton Christensen |
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| Howdy, investors!
- The crypto industry has been talking about tokenization for years, and it’s finally freaking happening. Today you'll learn which investments are likely to benefit the most from tokenization.
- Filecoin is the world's largest decentralized file storage solution. With storage demand on the rise, is the FIL token a good investment? Get our complete analysis below.
- Revenue is a critical measure of the health of any crypto project looking to generate profits. Today we report on the top crypto projects by revenue to highlight some of the best investment opportunities.
Read on! |
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| This Week in Bitcoin Market Journal Our latest crypto investing insights and ideas. |
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| Tokenization: It’s Finally Happening
For years, the crypto industry has been talking about tokenization. And now it's finally freaking happening.
Tokenization – converting a valuable asset like cash or real estate to a blockchain-based token – is currently all the rage, with global financial institutions rolling out pilot projects.
UBS has launched UBS Tokenize. JP Morgan has launched its own tokenization ecosystem. And Visa is now allowing banks to issue their own tokens.
That's right: Visa.
Yes, the world’s largest payment network has launched a platform to allow banks to issue their own tokens on Ethereum.
In this update, we’ll briefly explain how tokenization works, why this is the future of crypto, and how you can invest intelligently in this trend.
Learn how to invest (easily!) in the new wave of tokenization >> |
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| Should You Invest in Filecoin (FIL)? Charts, Stats, Analysis for 2024
Juan Benet was a visionary entrepreneur who saw an opportunity: there were millions of computers connected to the internet with unused hard drive space. What if users could “rent” storage space on those computers, at a fraction of the cost of cloud providers?
In a 2014 white paper titled "Filecoin: A Cryptocurrency Operated File Storage Network," Benet laid out his revolutionary concept: a decentralized file system where users could offer to share their unused hard drive space, and be rewarded in cryptocurrency.
Just one year later, Benet's newly founded company, Protocol Labs, introduced the InterPlanetary File System (IPFS), a peer-to-peer protocol designed to challenge the traditional HTTP protocol. IPFS promised a faster, safer, and more open web, moving away from centralized servers.
2017 marked a turning point for Filecoin, as it launched an Initial Coin Offering (ICO). The timing was excellent: raising over $200 million, Filecoin's ICO became one of the largest in history.
Finally, in 2020, the moment Filecoin enthusiasts had been waiting for: Filecoin's mainnet went live. In the years since its launch, Filecoin has become one of the most popular and widely used decentralized storage protocols in the world.
But can it hold its lead long-term? Here's our analysis.
Is Filecoin (FIL) still a good investment? Click for our analysis >> |
| Analyzing the Top Crypto Companies by Revenue
Key Takeaways:
- Crypto revenue is earned from fees paid by users of the token or blockchain. It gives the crypto company the critical capital needed to innovate and expand.
- Crypto revenue represents a key metric providing insights into a crypto company's health. If revenue grows slowly, it can also provide a window into company challenges.
- The top three crypto projects with the highest revenues are Ethereum, Tron, and Maker DAO.
Intelligent crypto investors ask a simple question: is this crypto company making money? We've unpacked the highest-earning projects and explained them in one easy-to-understand guide. Find out the top crypto companies by revenue >> |
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| In addition to our massive library of premium content, Premium members get our exclusive BMJ Reward Tokens, which are airdropped to your wallet on the 1st of every month!
These tokens can be redeemed for our exclusive crypto merch, including apparel and collectibles. Or, you can HODL the points for future benefits! New Premium members: If you haven't already, be sure your MetaMask wallet is connected by October 1 to receive your next delivery of BMJ Reward Tokens.
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| Must-Reads This week's most important stories for crypto investors. |
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| (Reuters) -The SEC has approved options trading for BlackRock's spot bitcoin ETF, which shows further mainstream acceptance of bitcoin, providing institutional investors and traders with more tools to manage their investments. |
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| (Variant) - Stablecoins are revolutionizing payments, rivaling traditional credit card networks. With $150B+ in circulation, they offer low fees and fast settlement. Here's what traditional credit card issuers can learn. |
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| (The Defiant on YouTube) - Joe Lubin, founder of the Ethereum development company Consensys, discusses the company's evolution, regulatory challenges, and the Ethereum ecosystem's future. For long-term ETH investors, here are your reasons to be optimistic. |
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| (Blockworks) - The SEC alleges the TrueUSD stablecoin is not fully backed. At the same time, firms like BlackRock, a16z, and Binance seem fully on board with the stablecoin. Here's the challenge of transparency in crypto products. |
| (Coin Metrics) - As we covered in today's lead story, tokenization bridges traditional finance and digital assets, creating blockchain-based representations of real-world assets. Great reading for those who want a deeper dive. |
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Chart of the Week Daily Active Users on Ronin |
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| Blockchain gaming has been one of the best performing sectors in 2024, with $1.1 billion in investment flowing into the sector in Q2 2024 alone. Web3 gaming now accounts for 28% of all DeFi activity, and one of the primary beneficiaries has been Ronin, the Ethereum-compatible blockchain that was created specifically for gaming.
After seeing its Daily Active Users crash to 20,000 from late 2022 through late 2023, Ronin has increased to 1.4 million DAU as of this writing. Of course, that has also increased fees and revenues for the chain, leading to a 300%+ increase in the price of the native RON token over the past year.
With the global gaming market comprised of hundreds of millions of users that generated roughly $347 billion in revenue in 2022, it's fair to say that there is plenty of upside potential for Ronin.
Ronin is at the forefront of blockchain gaming. Its parent company, Sky Mavis, launched the sector with Axie Infinity, and while that title has waned in popularity, it has been followed by another hit blockchain game: Pixels (see our writeup here).
Plus, the company recently announced a new grant program that has welcomed seven new gaming studios into the fold, promising more blockbuster hits in 2025 and 2026.
As Ronin continues to dominate, it could become the top blockchain in a multi-billion dollar blockchain gaming industry. (Download our Ronin investor scorecard here.) |
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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 September 16 and September 23 newsletters, as well as the most recent BMJ investor content:
Should You Invest in Litecoin (LTC)? Charts, Stats, Analysis for 2024 Is the LTC token still worth your investment? Read our complete analysis.
Analyzing the Top Crypto Investments by Daily Active Users See our report on the top crypto projects by DAU to show you which cryptos have the most customers.
How to Buy Bitcoin Anonymously: A Step-by-Step Guide Learn how to buy bitcoin anonymously: it's still possible! |
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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.
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