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June 2, 2023

“An investment in knowledge pays the best interest.”

- Benjamin Franklin

In today's issue: What are the three most important words in investing? Diversify, diversify, diversify.

Here's the problem... The investing advice you get on the Internet is usually around a specific investment. Some hot stock, crypto, or NFT.

However, it's diversifying (by investing in lots of non-correlated assets) that can protect you from all the highs and lows of the market.

This goes double for crypto investors, where diversification is hardly ever mentioned even though it's one of the best strategies to protect yourself against the manic mood swings of the market.

A few weeks ago, we published our Crypto Investing Principles in one easy guide. Today's video shows you how to diversify your investments to protect your money. Read on.

State of L1s Q1 2023 (Messari)

Data driven decisions are known to help improve outcomes, making it more likely that you'll meet your goals, solve problems, avoid errors, and be more efficient. Today's "Must Read" is all about the data.

This report from Messari aggregates and compares the financial, network, and ecosystem analyses of 14 Layer-1 (L1) smart contract platforms including links to the individual quarterly reports for each of the platforms.

Not surprisingly, Ethereum remained the leader in most key financial and ecosystem metrics. There were some surprises however, like Stacks' benefit from bitcoin ordinals, and Tron's benefit from USDT increasing its dominance in the stablecoin space.

The data also reveals the extent of the rebound for L1 crypto platforms in the first quarter of 2023 in terms of financials, while also bringing to light the lack of growth in transaction activity.

The report goes on to look at stablecoins, DeFi, NFTs, network metrics, staking, and developer activity. There's plenty to unpack and chew on throughout this report.

Investor takeaway: Even though crypto prices are up in Q1, network activity has stayed about the same. For long-term ETH investors, Ethereum still remains the dominant L1 and our top pick.

New Blockchain Risk Scorecard: Decentraland

Decentraland is a 3D virtual world platform where users can buy and sell digital real estate, interact, share experiences, and play games. MANA, built on Ethereum, is the in-game currency of the platform.

Decentraland is widely considered one of the best metaverse projects, and it's certainly been popular. Its market cap surpassed $9 billion back in late 2021.

However, we don't just look at popularity when determining the investment potential of a crypto project... We also look at risk.

In our new Decentraland Blockchain Risk Scorecard, we delve into the many potential risks of MANA like financial, regulatory, and team-related risks.

Premium members: Download the Decentraland Risk Scorecard here, and visit our Premium page to compare the risk with other top tokens.

Not yet a Premium member? Sign up now and access our complete library of NFT scorecards to help you separate the metaverse from the meta-worst.

Don't put all your eggs in one basket... or on one plate.

Click here to watch. (3:30)

BTC Jumps Following Debt Deal Hype

+ Your top 10 weekly fundamentals. (Premium members)

The Investor's Complete Guide to Bitcoin Ordinals

Learn how bitcoin is making room for NFTs.

Token Bound Accounts: The Next Big Idea in NFTs

How the new ERC-6551 standard can make your NFTs more valuable. (Premium members)

VIDEO: How to Manage Crypto Risk

Crypto investing is a rollercoaster. Here's how to hold on.

Hong Kong Moves Forward with BTC Trading

+ Your top 10 weekly fundamentals. (Premium members)

It's so much better to diversify.