Health, Wealth, and Happiness |
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“It might make sense just to get some in case it catches on.” -Satoshi Nakamoto | |
Howdy, investors!
Our Premium Members know the value of our Investor Scorecards, and today, we're revealing the top-scoring tokens over the past five years.
The convergence of AI and blockchain continues to grow, with several projects standing out as early movers in the AI/blockchain space.
Another real-world use case for crypto investors: Decentralized Physical Infrastructure Networks (DePIN) should be on your radar.
Anyone who uses Ethereum knows how Layer-2 protocols such as Arbitrum and Optimism have been instrumental in lowering gas fees. They are siphoning significant fees away from the base Ethereum layer.
Read on to explore more! |
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Blockchain Investor Scorecard Roundup by Danielle Greving |
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If you’re a Bitcoin Market Journal Premium Member, you know our Blockchain Investor Scorecards well. For the last five years, we’ve spent hundreds of hours analyzing blockchain fundamentals to find the top tokens for long-term crypto investors.
In today's guide (available to everyone!), we’re revealing the highest-rated tokens from our Investor Scorecard library.
These are the projects our analysts and editors have rated the best, with our peer-reviewed scorecard boiling down our research into a simple 1-5 rating system.
See our top-rated tokens here >> | |
Premium Power-Ups Level up your crypto investing game. |
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Our Newest Blockchain Investor Scorecard: Internet Computer Protocol (ICP) |
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The Internet Computer Protocol aims to establish a decentralized Internet, like the Web, but with the advantages of blockchain.
The native utility token, ICP, powers the platform, allowing users to stake, vote, and run decentralized applications.
But is ICP a good investment?
We've just released our Blockchain Investor Scorecard for Internet Computer Protocol. Premium Members can download it here.
Not yet a Premium member? Sign up now and get access to our monthly best buys, our exclusive crypto investing strategies, and our monthly BMJ token drops! | |
Must Read Today's most important stories for crypto investors. |
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2024 has seen the intersection of AI and crypto gain momentum. This Grayscale report explores three key areas where AI and crypto overlap: verifying content authenticity, reducing AI model bias, and improving access to AI development.
Investors take note: AI-related crypto assets are still hot. Also, check out the growing utilization of decentralized GPU marketplaces like Akash and Render, which could grow in prominence if the AI/crypto trend keeps growing. |
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Decentralized Physical Infrastructure Networks are also hot. DePIN, a combination of physical and digital resources like wireless networks and data storage, aims to decentralize and improve traditional infrastructures.
Those who believe in the promise of DePIN could consider now an excellent time to invest in the sector in its early days. Helium continues to emerge as a leading use case. |
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A recent P2P lending protocol PWN report indicates significant growth in Ethereum's Layer-2 networks, particularly Arbitrum and Optimism, with a 400% fee increase from 2022 to 2023.
We think fees can be considered analogous to sales at traditional companies. Growing fees is a good way of identifying L2s that have found product-market fit and are in a good position to win long-term. (See chart below.) |
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Chart of the Day See which tokens are winning. |
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Despite all the recent hype about Solana, note that Ethereum is crushing it in terms of fees. Even Layer-2 protocols like Arbitrum and Optimism (OP Mainnet), both built on top of Ethereum, are outperforming Solana. Don't believe the hype. | |
| Long-Term Wealth $1K invested at today's market prices |
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This asset | invested 5 years ago | is now worth | Bitcoin (BTC) | $1,000 | $6,564 | Ethereum (ETH) | $1,000 | $5,178 | Uniswap (UNI)* | $1,000 | $1,033 | BNB Chain (BNB) | $1,000 | $22,183 |
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Note: The future may look different from the past. Please invest carefully. * As UNI is less than five years old, we calculate from the launch date (Sep 2020). |
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| ICYMI In Case You Missed It |
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This is why our investing strategy is simple: buy top-rated tokens and HODL. (Thanks to @lpfaust) |
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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, Gerald Jackson, Anatol Antonovici, Matthew Du, Daniel Joel, and Preetam Kaushik.
Both free and Premium subscribers get content to build them into better investors.
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