Table of Contents
In this report:
- Latest Crypto News: Crypto Influencer Raises +$1M - for nothing...
- Next Big Crypto Narrative: Real-World Asset (RWA) Tokenization
- Top 100 Gainers (7-days): Render (RNDR) +18.4% (7d)
- Micro-Cap Gainers (30-days): Fief (FIEF) +689% (30d)
- Monthly Altcoin Pick: Altcoin Pick will be released in a few days
Latest Crypto News:
The crypto market has continued to move sideways throughout the week, with Bitcoin and Ethereum trading at similar prices from last week.
The biggest stories over the last week:
Next Big Crypto Narrative - RWA's
Real World Assets (RWAs) could be the next big crypto narrative - specifically within the DeFi space.
RWAs refer to tangible or physical assets in the real world, such as gold, real estate, inventory, or other forms of traditional assets, and even intangible assets like bonds or carbon credits.
These real-world assets have inherent value and are not native to the digital realm. However, with the advent of decentralized finance (DeFi), RWAs can be tokenized and incorporated into blockchain-based systems, enabling their representation and transfer on the blockchain, and allowing for fractional ownership of these assets.
Tokenization of RWAs involves creating digital tokens that represent ownership or 'fractional ownership' in the underlying asset. These tokens are typically issued on a blockchain network (such as Ethereum) and can be traded or exchanged just like any other digital asset.
The process of tokenizing RWAs involves verifying the authenticity, ownership, and value of the underlying asset and then creating a corresponding digital representation.
As the world continues to move toward digital, it's almost certain we will see the digitization and tokenization of real-world assets happening on a grand scale.
We are already seeing it with the tokenization of Art - First, there were NFTs, and now you can own your very own piece of a Picasso. It's only a matter of time before the majority of our real-world assets will also be available on the blockchain.
Crypto Market at a Glance (7D):
Crypto Fear & Greed Index:
Today's Crypto Fear and Greed index = Neutral -- Increased to 50 (from 49 last week).
Bitcoin & Ethereum Price Movement
Bitcoin has increased 1.54% in the last week, currently trading at $27,181 (90-day high of $31,005). In the previous 90 days, Bitcoin has increased by 21.8%.
Ethereum has increased 4.1% in the last week, currently trading at $1,908 (90-day high of $2,137). In the previous 90 days, Ethereum has increased by 22.1%.
Global cryptocurrency market capitalization increased slightly this week from $1.122T to $1.147T.
Top 100 Gainers - Last 7 Days
Over the last 7 days, the biggest gainers (within the top 100):
Injective (INJ) +23.8% - Ranked #67
Injective (INJ) is a decentralized exchange (DEX) protocol built on the Ethereum blockchain. It aims to provide a trustless and censorship-resistant platform for trading various digital assets, including cryptocurrencies, tokens, and derivatives. Injective Protocol focuses on creating a decentralized exchange that offers high performance, robust security, and a seamless user experience.
One of the key features of Injective is its focus on offering decentralized derivatives trading. It allows users to trade a wide range of derivative products, such as perpetual swaps and futures, with low fees and high liquidity. This opens up opportunities for traders to speculate and hedge their positions in a decentralized manner.
Injective leverages a unique layer-2 protocol known as the "Injective Chain," which provides scalability and ensures fast and secure transaction processing. By using this layer-2 technology, Injective aims to overcome the scalability limitations often associated with the Ethereum network, enabling efficient trading experiences.
Quant (QNT) +18.5% - Ranked #39
Quant (QNT) is a cryptocurrency and the native token of the Quant Network, a blockchain-based project focused on enabling interoperability and the seamless exchange of digital assets across different blockchain networks. Quant Network aims to build a decentralized operating system called Overledger, which facilitates cross-chain communication and unlocks the potential of interconnected blockchain networks.
The Quant Network's Overledger technology functions as a protocol layer that sits on top of existing blockchains and enables them to interact and share information. By doing so, Overledger enables the creation of multi-chain applications (MApps) that can leverage the capabilities of multiple blockchains simultaneously. This interoperability allows developers and businesses to overcome the limitations of individual blockchains and build more powerful and scalable applications.
The Quant Network aims to establish a global standard for cross-chain interoperability and become a key player in the growing field of blockchain interconnectivity (see: ISO 20022, ISO 20022 Compliant Cryptocurrencies ). By enabling seamless interaction between different blockchains, Quant Network seeks to unlock new possibilities for decentralized applications, data sharing, and the efficient exchange of digital assets across disparate blockchain networks.
XDC Network (XDC) +16.4% - Ranked #78
XDC Network (XDC) is a blockchain-based protocol that aims to provide a secure and scalable infrastructure for various use cases, including decentralized finance (DeFi), supply chain management, and enterprise solutions. XDC Network is built on the XinFin Hybrid Blockchain, which combines elements of both public and private blockchains to achieve high performance and interoperability.
It's also worth noting that XDC is another ISO 20022 compliant cryptocurrency.
The XDC Network focuses on addressing the limitations of existing blockchain networks, such as scalability, speed, and cost. It utilizes a proof-of-stake consensus algorithm to validate transactions, enabling faster confirmation times and higher throughput compared to traditional proof-of-work blockchains.
The XDC Network supports smart contracts and is compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily migrate existing Ethereum-based applications to the XDC ecosystem or build new decentralized applications (dApps) from scratch. This compatibility fosters interoperability and facilitates the adoption of the XDC Network by leveraging the existing Ethereum developer community and tools.
Mask Network (MASK) +14.0% - Ranked #95
Mask Network (MASK) is a decentralized application (dApp) and protocol that enhances privacy and security for social media and web interactions. It aims to provide users with tools to protect their data and maintain control over their online interactions, enabling them to share and communicate securely across various platforms.
The core functionality of Mask Network revolves around the concept of "masked" transactions. It allows users to encrypt and securely share content, including messages, posts, and files, on popular social media platforms like Twitter, Facebook, and Discord. This masking feature ensures that only intended recipients can access and decrypt the content, enhancing privacy and reducing the risk of unauthorized access.
In addition to secure content sharing, Mask Network also integrates decentralized finance (DeFi) capabilities. Users can interact with decentralized applications, access decentralized exchanges, and manage their digital assets directly within the Mask Network interface. This integration enables users to transact and engage in DeFi activities without leaving their preferred social media platforms, providing a seamless user experience.
Meme Coins Continue to Pump
While the rest of the market is continuing to move sideways, meme coins continue with their growth streak.
Here are some of the best-performing meme coins over the last 30 days
Best Meme Coin Research Tool
If you missed out on the Pepe craze and looking for the next freshly minted meme coins which are getting traction (it's how I originally found Pepe), or just want to get in early on a brand new project with great potential - Check out Moralis Money.
First, read our 100x Altcoin strategy article which discusses how to use this tool.
Biggest Micro-Cap Gainers in the last 30 days
Every week we review and analyze small and micro market cap cryptos 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):
- PNB +695% - AI-based Crypto Media Portal (Micro-Cap)
- IMGNAI +124% - AI Imagine Generation (Micro-Cap)
- FIEF +116% - Metaverse Gaming (Micro-Cap)
- OVR +108% - AR Metaverse (Micro-Cap)
- OXO +93% - AI + Privacy on DeFi Platform (Micro-Cap)
It's worth mentioning the majority of the biggest movers in the Micro-Cap sector this week are AI-based projects.
Monthly Altcoin Pick:
We released our latest altcoin pick a few days ago - This project is working on building the first decentralized AI superCloud. Nividia (the graphics card manufacturer) has just become a trillion-dollar company due to the AI boom and this company (our Altcoin Pick) is building the backend infrastructure to handle this AI boom.
If you would like access to the full report, consider becoming a member. 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 strategy we use for choosing them.
Our Altcoin Picks for the prior months can be found here.
Thanks and appreciation to all our members!
Until the next report,