Crypto News
- BTC is correcting but many alts are doing fine. On-chain data shows the people who sold are inexperienced, weak hands. Insitutions and miners are buying. Speculators and short-term holders with no strategy are the ones selling. Ran mentioned the following tweet in particular for highlighting who is actually selling BTC right now: https://twitter.com/dilutionproof/status/1394194249097388038
- Ran believes that the best deal in crypto right now is Bitcoin, and an even better deal is to buy Grayscale BTC Trust. GBTC is trading at a discount to BTC’s value.
A 2nd Chance For People Who Missed The Ethereum Run Up
Ran is sensing that people are now feeling priced out of Ethereum as it has run up to the $4k levels.
Ran says there are very few things in life that give you a second chance, but crypto continues to give us a variety of second chances.
- If you missed Ethereum or were turned off by the high gas fees, you had a second chance with Binance Smart Chain (BSC).
- If you missed Uniswap, you could still get into Sushiswap (on Ethereum) or Pancakeswap and Bakeryswap (on BSC).
Cardano, Solana, Matic and Polkadot are your 4 major chain second chances! To find your next up and coming protocol to invest in, find one that has an ethos that resonates with you and a community that you feel comfortable with. After that, figure out the main apps in each of the layers for each protocol you're buying into:
Here are the layers filled in for Ethereum:
So what protocol should we be looking at next?
Cardano
- Ethereum virtual machine (EVM-based). Devs can copy-paste code from Ethereum into Cardano.
- Super fast and cheap transactions.
- Cardano has a super-involved and enthusiastic community.
Here are the various dapps in each layer that you should consider investing in with Cardano:
When smart contracts start running on Cardano is when it really takes off. Ran is imploring people to get involved with Cardano now.
Solana
- Solana has a market cap of $14 Billion, which is 25x less than Ethereum.
- Solana has lots of capital being invested in it. Sam Bankman-Fried (FTX exchange) has been placing big bets on Solana.
- Solana is arguably the fastest and cheapest chain to conduct transactions.
- Pyth (an oracle) is going to be big as far as dev tools for Solana
Matic
Matic volume is flying. Are you buying their main exchange token, Quickswap?
Polkadot
- Polkadot (and Kusama) are going to be flying as they are now running parachains.
- Polkadex and Polkaswap are two integral dapps (exchanges) to be investing in.
