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Health, Wealth, and Happiness

June 5, 2024

"Life is 10 percent what happens to me and 90 percent of how I react to it."

- Charles Swindoll

Howdy, investors!

• Most crypto investors forget to ask the most important question: is this company making real money? Read today's feature and learn the crypto companies that are.

• We're releasing our latest Risk Scorecard on SushiSwap. Is this a worthwhile investment for your portfolio? Or is it a little too risky to bring value to the table? See what our experts found.

• Bitcoin and Ethereum have been receiving great press lately. Learn about the latest news in both markets (from the ETH ETF approval to the bitcoin halving) and how they may impact your investments.

Read on!

Top Crypto Companies with the Most Revenue

by Anatol Antonovici

Intelligent crypto investors ask a simple question: is this crypto company making money?

In the words of Jerry Maguire, SHOW ME THE MONEY.

Revenue, fees, market cap, and daily active users (DAUs) are some of our most important metrics for determining money flow.

In today's feature, we're focusing on top crypto companies earning the most revenue. 

We've unpacked the highest-earning projects and explained them in one easy-to-understand chart. 

Show me the money >>

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New Risk Scorecard: SushiSwap (SUSHI)

SushiSwap is a DEX and Automated Market Maker (AMM) built on Ethereum.

Over the past 52 weeks, the native token SUSHI has increased by 50% despite a vicious pullback in early April.

With that in mind, is SUSHI a sound or risky investment? Is there an opportunity for a rebound?

Our analysts ran the SUSHI token through our industry-leading Blockchain Risk Scorecard to provide Premium members insight into SUSHI's risk.

Premium members can download the SushiSwap Risk Scorecard here to learn what our analysts say about investing in SUSHI.

Not yet a Premium member? Sign up now to access our complete library of tools to make you a better crypto investor.

Must Read

Today's most important stories for crypto investors.

Cat-Themed Memecoins Rally Following Roaring Kitty Return to Reddit (The Block)

Roaring Kitty, AKA DeepF****gValue, AKA Keith Gill, has re-emerged on Reddit, providing "DD" for GME investments. However, his presence as a "guiding light" for memestock investors has also driven up the price of cat-based memecoins... namely, ROAR and KITTY. More importantly, his presence highlights our concerns around memecoins: they can be manipulated by outsized personalities. (Avoid.)

Wisconsin's Pension Fund Buys $160M Worth of Bitcoin in Trailblazing Move (The Defiant)

It's another sign of bitcoin's acceptance among conservative money managers: the Wisconsin State Pension Fund is putting roughly $160M into crypto via BlackRock trusts. They're carving out a tiny slice of their portfolio (following the strategy of our Blockchain Believers Portfolio), but consider this another great sign of mainstream crypto acceptance.

Crypto Exchanges See $3B Ethereum Exit Since ETF Approvals  (Cointelegraph)

As we move into a new crypto era with the approval of spot ETH ETFs, centralized exchanges are seeing a massive move of ETH from their coffers and into investor custody. Analysts suggest that this could be investors holding onto their Ethereum for purposes other than selling (anticipating the ETFs), creating demand pressure, and pushing the price up. It's a good time to own ETH.

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Chart of the Day

Blockchain Ecosystem Daily Active Users

If you're a regular reader, you know that we love daily active users as a metric for identifying great crypto companies that are healthy and growing.

Today's chart shows the top five projects by daily active users in each crypto ecosystem, with a few that might surprise you (Ronin?).

DAUs are a great starting point for further research into these tokens, as they show that these ecosystems have found product-market fit: users are using them.

How to Stake: The Top 5 Proof-of-Stake Tokens

What are the best blockchains to start your staking journey?

How to Read Crypto Financial Statements

The crypto investor's secret weapon.

Is Exodus Movement (EXOD) Tokenized Stock a Good Buy?

It's a token and stock, but can it hit the NYSE?

A Great Week for Crypto Investors

FIT21 passes the House, and the SEC approves ETH ETFs.

Top Crypto Companies Earning the Most Fees

Here are the crypto companies making real money.

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(Thanks to CryptoNews)

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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