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What is the Best Crypto Investment?
A question I often get asked and likely a question on most people's minds is
"What is the best cryptocurrency investment?"
My answer is always the same - regardless if they are new to crypto or a crypto veteran.
The best crypto investment (in my opinion), is also the best-performing asset class in the last 10 years, returning 10x more than the Nasdaq 100.
The Answer is Bitcoin.
I realize this newsletter is geared towards Altcoins, but when diversifying your portfolio, no matter where you live, the first digital asset you should own is Bitcoin. Period.
Bitcoin offers the average investor the opportunity of an excellent hedge against inflation and Bitcoin may even continue to be the best-performing asset class for the next ten years.
However, Bitcoin won't make you life-changing wealth. This is where Altcoins come in.
The Appeal of Altcoins:
Some of the greatest returns ever realized on a financial instrument have been within the cryptocurrency space. Within the cryptocurrency space, some of the greatest gains have come from meme coins.
Like this Pepe Story where an investor turns $125 into +$1,000,000 in just 4 days:
Richard Knight
If you have ever wondered about the reason for the popularity of meme coins - it's a ticket to life-changing wealth. However, with the increased potential for gains, so does the increase in risk.
Trading cryptocurrencies is just one of the many ways investors can earn returns on their investments. The cryptocurrency space offers investors a multitude of ways to earn on their investments.
The Many Other Ways to Invest in Crypto:
In the upcoming weeks, in this newsletter we will be covering the many other way to ways to invest in cryptocurrency, including:
- Staking & Yield Farming
- Self-Mining & Cloud Mining
- Node Ownership & Masternodes
- Participating in ICOs, IDOs, and IEOs
- Airdrops & Forks, and more
This is a great time to be in cryptocurrency and if you are looking for better than Bitcoin ROIs on your cryptocurrency investments, but not the risks that come with meme coins, consider becoming a member.
Join Us - As We Move into Run-Up Phase
The price of Bitcoin is now sitting just above the $71k mark and while this may sound like a lot of money for a single Bitcoin, we believe this is just the beginning of what will become one of the biggest growth opportunities we have seen in the crypto space for at least the last four years.
If you haven't already started diversifying your portfolio with crypto, it's still not too late. Now is an excellent time to enter the market while prices remain relatively low.
If you want to know what we are buying, you are welcome to join us as we share our monthly Altcoin picks in anticipation of the upcoming bull run - Become a member to gain access.
Richard.
Top 100 Trending Altcoins
Lots of green again in the market this week!
Today's Crypto Fear & Greed Index
Today's Crypto Fear and Greed Index = EXTREME GREED –> Decreased to 76 (from 79 last week).
Bitcoin & Ethereum Price Movement
Bitcoin increased 2.8% in the last week, currently trading at $71,800. In the previous 90 days, Bitcoin has increased by 59.1%.
Ethereum increased 5.8% in the last week, currently trading at $3,714. In the previous 90 days, Ethereum has increased by 51.3%.
Global cryptocurrency market capitalization has increased to $2.69T (from $2.62T last week).
Top 100 Gainers - Last 7 Days
Over the last 7 days, the biggest gainers (within the top 100):
Etherna (ENA) +69.1% - Ranked #67
Etherna (ENA) is a DeFi project that has generated significant interest even before its official launch, with pre-launch futures rising by 22.29%. Introduced on Binance Launchpool, it allowed users to farm ENA by staking BNB and FDUSD, with a max supply of 15 billion ENA. The project focuses on yield farming through staking and minting processes, such as minting USDe on Ethena Finance, highlighting its DeFi mechanisms. Notably, Arthur Hayes, BitMEX co-founder, predicted a potential rally for ENA up to $10, indicating strong market optimism and the project's growing popularity. The involvement of Korean traders is also expected to boost its performance
Nervos Network (CKB) +37.2% - Ranked #87
The Nervos Network (CKB) is designed for scalability, interoperability, and sustainability within the blockchain ecosystem. Key features include a dual-layer architecture for security and scalability, use of Proof-of-Work for decentralization, and the introduction of a novel virtual machine, CKB-VM, for developer flexibility. It also introduces innovative tokenomics and the Cell model for enhanced scalability and programmability. Nervos aims to be a universal blockchain infrastructure, leveraging its modular design and advanced features to support a wide range of applications and services.
Pendle (PENDLE) +33% - Ranked #70
Pendle (PENDLE) is a DeFi protocol that introduces a novel approach to yield management and tokenization on the Ethereum blockchain. It allows users to tokenize yield-bearing assets into Principal Tokens (PT) and Yield Tokens (YT), facilitating the trading of these components independently. This innovative mechanism enables users to optimize yield returns through various market conditions and execute advanced yield-management strategies.
Bitget Token (BGB) +23% - Ranked #64
The Bitget Token (BGB) is the native utility token of the Bitget cryptocurrency exchange, offering various benefits to its holders within the platform's ecosystem. These benefits include reduced trading fees, participation in platform governance, access to staking rewards, and exclusive features. Bitget may also implement token burn mechanisms to manage BGB's supply and support its value.
Biggest Micro-Cap Gainers in the last 30 days
We review and analyze small and micro market cap cryptos weekly, looking for the next low-cap gem. These are the best-performing (quality) micro-cap projects over the last 30 days:
Best Performing Quality Micro Caps (Last 30 days)
- SERSH +5,231% - Multi-chain data storage (Micro-Cap)
- SHIDO +1,141% - Multi-Chain DeFi App (Micro-Cap)
- DEL +1,034% - Create Your Own Crypto (Micro-Cap)
- LIME +648% - iMe Messenger & Crypto Wallet (Micro-Cap)
Meme Coins
Meme Coins, are cryptocurrencies inspired by internet memes, humor, and or online communities. Overall the meme coin sector has continued to perform well this week.
However, as fun and novel as these projects may be, the majority of meme coins have no intrinsic value and often suffer from pump-and-dump schemes. While we don't recommend investing in these types of coins, it is always interesting to watch this sector perform in a bull market.
Top Performing Meme Coins
Meme coins continue to soar again this week. The largest meme coin gainer is NORMIE, at over +3,036% in the last 30 days.
James Anderson
Monthly Altcoin Pick
My apologies for the delay in the release of the April Altcoin Pick.
The original project we were excited to present for the April Altcoin Pick was a project focusing on addressing the demand for AI GPU processing - which is likely one of the fastest growth sectors right now. However, during the research stage, we identified too many red flags resulting in the project not making the list (in the eleventh hour).
One red flag I would like to discuss is the team was not doxxed. While I do value anonymity in keeping with the values of Satoshi Nakamoto, to be taken seriously by investors, the cryptocurrency teams need to be publically identified.
Nevertheless, the Altcoin Pick for April will be released this week.
If you would like access to this and future monthly Altcoin picks, consider becoming a member - It's only the price of a few cups of coffee a month.
Altcoin picks are emailed to members as soon as they are published. If you are wondering how we choose our monthly Altcoin Picks, this is the methodology we use.
Our Altcoin Picks for the prior months can be found here.
Thanks and appreciation to all our members!
Until the next report,
Richard.
