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| "You don't have to be a genius or a visionary or even a college graduate to be successful. You just need a framework and a dream." - Michael Dell |
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| Howdy, investors!
Decentralized physical infrastructure (DePIN) blockchains have become increasingly popular, as some investors see them as a multi-trillion-dollar opportunity. See today's guide to discover the investment opportunities.
Hong Kong is moving closer to its goal of becoming the crypto hub of Asia with the approval of spot bitcoin and Ethereum ETFs.
Bitcoin dominance has reached its highest level since 2021, due to altcoin struggles and increased institutional demand for bitcoin.
Airdrops have seen a resurgence in 2024, granting users tokens that are sometimes worth thousands of dollars. If you want to participate, we have an article that breaks down the potential risks and rewards.
Read on to explore more! |
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The Crypto Investor's Guide to DePIN Tokens by Danielle Greving |
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| The core narrative of technologies like crypto, DeFi, and NFTs is how they revolutionized digital communication, ownership, and investment. Now, blockchain technology is extending into the physical realm, thanks to decentralized infrastructure networks (DePIN).
DePIN is a novel concept that decentralizes physical infrastructure by enabling autonomous, real-time interactions through smart contracts, the Internet of Things (IoT), and other decentralized technologies.
Think of it like "an Airbnb for everything."
In today's guide, we're looking at what DePIN offers and how the market is emerging. We’ll also examine the top DePIN tokens for investors.
Click and learn why DePIN has captured the attention of investors >> |
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| Premium Power-Ups Level up your crypto investing game. |
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New Blockchain Risk Scorecard: Render (RNDR) |
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| Render Network (RNDR) is a new DePIN project focused on pooling GPU power for high-performance projects. It uses the RNDR token for governance.
Render's token has seen phenomenal success, rising nearly 400% over the past year. Does that mean RNDR is a safe investment?
Our analysts put the RNDR token through our industry-leading Blockchain Risk Scorecard to determine what risks investors in the token might face.
Premium members can download the Render Risk Scorecard here.
Not yet a Premium member? Sign up now and get access to all our investor scorecards, along with other great benefits like monthly BMJ token airdrops, exclusive crypto merch, and more! |
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| Must Read Today's most important stories for crypto investors. |
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Hong Kong is set to become Asia's first central financial hub to offer bitcoin and Ethereum ETFs. Several money managers have announced approvals from Hong Kong's Securities and Futures Commission (SFC) to launch these crypto ETFs. This is a significant development for the cryptocurrency market, particularly in Asia. The growing demand in Asia will most likely impact crypto prices, as confidence in the sector may drive price increases for bitcoin and Ethereum. |
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Due to the demand for bitcoin ETFs, we see bitcoin's dominance (i.e., bitcoin's share of the overall crypto market) at a 3-year high (around 55%). These factors, along with speculators anticipating the upcoming bitcoin halving event, are generating boosts in bitcoin prices that signal a healthy market. |
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Crypto airdrops have been a useful promotional tool; they build awareness, attract new users, and reward existing ones. But these airdrops have also been the method scammers use to attack unsuspecting investors and hobbyists. Remember to follow our basic advice: always do your research before farming airdrops. |
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| | | 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 | $10,338 | | Ethereum (ETH) | $1,000 | $7,401 | | Uniswap (UNI)* | $1,000 | $1,343 | | BNB Chain (BNB) | $1,000 | $41,680 |
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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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| Chart of the Day Layer-1 Monthly Active Users |
| Source: Token Terminal
Layer-1 (L1) blockchains provide basic infrastructure and security for the crypto ecosystem, enabling the building of secondary blockchains and applications.
While bitcoin (BTC) and Ethereum (ETH) are often mentioned as the biggest L1 blockchains, the data shows a different picture.
BNB Chain (BNB) and Tron (TRX) are at the top in terms of users. Polygon (MATIC) outpaces Ethereum, too. All three are smart contract L1s, and can be considered direct competitors of Ethereum.
If you believe in the future of these smart contract chains, you might want to consider looking beyond Ethereum. Yes, it is considered the biggest and best, but there are alternatives, and some show impressive use and growth. |
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