Sabtu, 26 Oktober 2024

How To Be A Smarter Crypto Investor: Do Your Own Research

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A Crypto Native & Normie Friendly Newsletter Delivered Every Saturday

MEME OF THE WEEK
(inspired by antics unfolding on the tastycrypto Show)

halloween costume meme - sexy tom sosnoff

What's Happening

Smart Crypto Investing Just Got Easier

Good morning, tasty friends! 🍒

We've been busy fine-tuning the wallet app and jamming to Rick Ross while cooking up some new shows for the tastycrypto channel. Speaking of shows, if you missed The tastycrypto Show , we had a great conversation about how to evaluate crypto investments using some key fundamental data points.

Wondering how to compare Bitcoin to altcoins? We break down how market cap, on-chain metrics, and even development activity can give you a clearer picture of which projects might be worth your time (and money).

We're also gearing up to bring these insights directly into the tastycrypto app, but until then, you can dive deeper into the tools we use, like Token Terminal and DeFi Llama, for smarter investing.

Catch up on all the details and learn how to make informed crypto decisions.

Read it all here

What's Does This Mean?

In the Weeds with Ryan

For many investors, at least nowadays, bitcoin and its digital gold narrative is relatively straightforward. But, what about all the other coins, tokens, networks, projects, protocols? How do we even think about them, or where do we begin? It's overwhelming.

One approach we can take is to look at crypto through the lens of fundamental analysis. Like most traditional investments, there's market and fundamental data we can examine to inform our decisions on an "apples to apples" basis.

For the Normies in the Back

DYORing (see Web3 Word of the Week below) isn't as intimidating as you may think. Crypto can be investigated in a familiar way—similar to how you research stocks.

💰Performance Dashboard

Chop At The Top

Bitcoin and the broader crypto market struggled to push higher following last week's move towards the top of the BTC multi-month 50k-70k range. No breakout for now!

Aside from running into resistance at the top of the range, implied and realized volatility remains sticky at current levels.

On a relative basis, the bitcoin over everything theme remains, with bitcoin market cap dominance now at 59%, its highest level in three years.

Conversely, Ethereum has significantly underperformed bitcoin with YTD relative performance now at -50% and the ETH/BTC ratio now trading at its lowest level since 2021. Ouch!

Download Wallet

tastycrypto Show Highlights

Frank manages to piss off the dog lovers of TikTok and now we're all worried for his relationship (redemption attempt coming on Monday)
Glen's quant-ing leaves us believing there's cocaine everywhere
- And really wondering how to pronounce 'Argentina'
Ryan shares his favorite crypto power tools

Join in the fun and hop in the live chat during the show!

Join Ryan Grace & Guests on the tastycrypto Show

Mondays & Wednesdays from 4:30pm - 5:00pm Central

LIVE on YouTube | LIVE on tastylive

WEB3 WORD OF THE WEEK

Help us name this thing!

Send suggestions to support@tastycrypto.com and you might just get an OG, very rare, t-shirt—plus pretty epic bragging rights if your newsletter name idea makes the final cut.