Health, Wealth, and Happiness |
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| “Focus on solving real problems and not on making money. There will be enough takers for your solutions. You will help make lives of some people better, and money will follow.” - Bhavish Aggarwal |
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| Howdy investors!
Today, we take a deep dive into the OG DEX - Uniswap. It's still one of our top crypto investment picks, and you'll find out why.
In good news for $COIN investors, Coinbase has rolled out "Coinbase Verifications," which could lead to the widespread adoption of decentralized identity (DID) to verify account and country credentials on-chain.
Additionally, Glassnode suggests that bitcoin supply is already tightening ahead of the upcoming halving event. Based on historical trends, this points to a potential for BTC price appreciation post-halving.
Finally, while the possibility of a spot bitcoin ETF has dominated investor attention in recent months, existing cryptocurrency funds have been doing quite well in 2023, doubling their assets under management. If this sounds bullish, it might be time to consider increasing your crypto exposure.
And now, let's jump into the newsletter! |
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Investor’s Guide to Uniswap by Preetam Kaushik |
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| Investor takeaway:For investors considering Uniswap (UNI), buying its token represents a stake in the leading decentralized exchange with a strong position in the Ethereum ecosystem. Its innovative approach and robust user base could make it an attractive long-term investment.
With the lion’s share of the DEX market, Uniswap continues reigning as the undisputed leader of the DeFi revolution. With low trading fees and a growing user base, Uniswap remains the king of DEXs.
But plenty of competitors want to claim the throne.
This leads to a few natural questions: Is Uniswap’s UNI still a good investment? Who might unseat it? And does it have a deep enough moat to fend off competitors?
Read on to learn the answers to these questions and more.
Read our takeaways on making a UNI investment >> |
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| Premium Power-Ups Level up your crypto investing game. |
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This Wednesday 11/15: "Enterprise Strategy for Blockchain" with Ravi Sarathy
Join us this Wednesday, November 15th, at 6:30 pm ET for an online discussion of Ravi Sarathy's groundbreaking book "Enterprise Strategy for Blockchain."
Ravi's book is an excellent resource to help us understand the business perspective on blockchain technology. It's packed with info and useful takeaways for crypto investors, to help us better analyze blockchain companies.
The author will join us for our event, so you can ask questions and get insights straight from the source. |
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| Ravi's book is an excellent read to understand the business perspective on blockchain technology, describing the unique benefits that it provides across a wide variety of industries. This is excellent information for investors who are trying to analyze blockchain companies to determine if they are a good investment or not.
We hope to see you there! RSVP here to get the Zoom link.
Not a Premium member yet? Sign up today for access to our special events and our entire library of webinars, crypto scorecards, and other member-exclusive content. It's a solid investment in your future! |
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| | | Must Read Today's most important stories for crypto investors. |
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| Investor takeaway:Coinbase has introduced "Coinbase Verifications," an initiative to integrate decentralized identity (DID) into mainstream usage. This service leverages Coinbase's Layer-2 network Base and the Ethereum Attestation Service (an open-source standard), allowing over 100 million users to verify account and country credentials on-chain.
Adopting DID and KYC standards is a big step not only for Web3 security but for traditional financial security as well. This is a real blockchain use case that could cement Coinbase's lead as the "go-to" centralized exchange... an excellent reason for investors to be bullish on Coinbase and the blockchain more broadly. |
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| Investor takeaway: This study from Glassnode examines bitcoin's available supply, finding it at historic lows, indicating a tighter market. It also observes a trend of bitcoin moving from active trading to long-term storage, suggesting increasing investor holding behavior.
The analysis notes a sustained increase in illiquid balances, showing heightened investor activity around halving events. The combination of low available supply and high storage rates points to a potentially tighter market environment as the halving approaches.
One investing approach is to buy bitcoin before the halving to capitalize on potential price increases driven by reduced supply and heightened investor interest. |
| Investor takeaway:In 2023, cryptocurrency funds managed by firms like CoinShares, 21Shares, Bitwise, Grayscale, and ProShares experienced substantial inflows, surpassing $1 billion for the year. The total assets under management in these funds increased by 9.6% over the last week and 99% since the year's start, reaching $44.3 billion.
These significant inflows and rising assets under management indicate growing investor confidence in the crypto market, which is always great news for investors. This could signal investors to consider diversifying their portfolios with crypto assets (not unlike our Blockchain Believers Portfolio), especially given the strong performance of Layer-1 blockchains like bitcoin, Ethereum, and Solana. |
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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 | $5,770 | | Ethereum (ETH) | $1,000 | $4,830 | | Uniswap (UNI)* | $1,000 | $953 | | BNB Chain (BNB) | $1,000 | $17,885 |
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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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| Blockchain Basics Explain Like I'm 5 |
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| What is a DEX? The Quick Guide for Crypto Investors |
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| | | Share This Meme Copy, paste, and post |
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| If you know, you know. (Thanks @YouSwap) |
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| Share the Love Help grow our crypto investing community. |
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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.
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