The Simple Truth About Profits, ETH vs SOL, Top 10 NFTs in 2023 & Trending Coins

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In This Issue

  • The simple truth about profits.
  • David has an updated comparison article for Ethereum vs. Solana.
  • Sam has a report for you on the top 10 NFT collections in 2023.
  • Rebecca has this week’s top trending coins.

Premium Subscription highlights this week:

  • Technical Analysis from Rekt Capital: Each week we look at TA from Rekt Capital regarding different coins in the space. Only the Premium Subscribers get access to the full report.
  • Polygon’s zkEVM: The zkEVM will be an essential tool to onboard large numbers of users and provide the privacy that is so vital to the future of blockchain adoption.
  • NFT mints: 3 upcoming NFT mints to keep an eye on.

Lark’s Portfolio Tips

The Simple Truth 

Ok, let’s keep it real. The crypto market is pretty ridiculous at times. 2 of the top 20 coins are dog memes. And most coins that we speculate on we don’t buy because we want the utility. We buy because we want to flip it and make money. Oh sure, every once in a while you might buy a coin for utility, but most of your portfolio is built on speculation. You and I are here to make money. Period. 

And look, you don’t have to be the world’s best trader to make huge money in this market. In fact, a lot of full-time traders eventually get too cocky and blow themselves up. 

Sometimes doing less is actually more beneficial when it comes to crypto. You don’t need to be chasing every coin, narrative, and trade. 

Keep it simple. Buy coins on the cheap. Get into narratives early or before they even take off. Get those airdrops if you can. 

Most of us overcomplicate things. 2022 was rough, and anyone holding crypto took big hits to their net worth. But, we are now likely moving into the accumulation phase for the next cycle. The people who for the most part made the big bucks last cycle are those who got into good coins and were able to hold long enough for the gains train to take off. 

But remember, a time will come when your lizard brain will be screaming number only go up, I am a genius, etc. This is usually when the Coinbase app hits #1 on the app store when the media starts talking about crypto as the new paradigm of money and people you haven’t heard from in years are hitting you up to ask your opinion about coins. This is probably when you will want to sell or at the very least reduce your portfolio size. 

For the larger swing play, accumulate before the Bitcoin halving in 2024. Then be ready to sell 9 to 12 months after. 

There will be lots of easy ways to bank profits between now and then, I will be and you probably will be too, but as we are now at what could be the start of a new cycle it is worth thinking about where we are going and what to do when we get there. 

Just remember, take your profits or the market will take them for you.

The Simple Truth About Profits, ETH vs SOL, Top 10 NFTs in 2023 & Trending Coins - - 2024

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Ethereum vs Solana by David

Ethereum vs. Solana. Two of the most recognized blockchains in the crypto-economy. 

When it launched in 2020, the big question was if Solana was the “Ethereum Killer”. Well a few years have passed, so let’s set these protocols side-by-side and draw some fresh conclusions with regards to this competition.

This article explores the following: 

  • What exactly are Ethereum and Solana; 
  • What are their technical specifications; 
  • How do they compare in terms of performance and economic activity; and, 
  • How do they compare with regards to tokenomics and staking. 

Let’s roll.

ethereum

What are Ethereum & Solana

Ethereum and Solana are decentralized, proof of stake (POS), layer one (L1), blockchain protocols. Both are open-source and have smart contract functionalities.

In simple terms, both are global computer networks that anyone can access, use, or build applications (dApps) within. These protocols are open, ever-evolving, digital marketplaces that allow people to connect for commerce, entertainment, and self-expression. 

Ethereum has the largest, most diverse economy out of any POS L1. The protocol commands a 20% market dominance (with a $200 billion market cap) and is the DeFi and NFT leader. The network did suffer congestion and exorbitant transaction fees throughout 2020 and 2021, but those issues appear to largely be resolved due to a successful POS transition and newly developed layer two (L2) infrastructure.

Solana is the fourth-largest POS L1 blockchain with a market-cap of $8 billion. Known for its super cheap transaction fees and extremely high transactions per second (TPS), Solana has previously been called an “Ethereum killer.” However, this narrative appears to no longer be in play in part due to chronic outages that plague the network.

Ethereum and Solana’s native currencies are ETH and SOL, respectively.

Ethereum vs Solana: Technical Specifications

Tech is the foundation from which everything else follows (utility, adoption, price).

So let’s explore Ethereum and Solana’s decentralization characteristics, consensus mechanisms, other specifications, and developments in progress.

Decentralization

POS decentralization can be measured from the following three metrics:

  1. The number of active validators in the network;
  2. The percentage of staked tokens compared to total supply; and
  3. The staked token supply distribution across the validators. 

Here’s the Ethereum vs Solana decentralization breakdown:

solana vs ethereum

Ethereum’s large (and growing) number of active validators is fantastic! It shows the network is healthy. However, the percentage of staked tokens to overall supply is low (and might drop further due to the Shanghai / Shapella upgrade). Moreover, a lot of staked ETH is in the hands of just a few custodians.

Ethereum validators chart

Source: BeaconScan

Solana’s active validator count has also been steadily increasing over time, although the total number is much lower than Ethereum’s. The percentage of staked tokens to overall supply is high, which is a positive. However, just the top 32 SOL validators collectively control 33% of all staked SOL. This means that these 32 could halt the network if they colluded together.

But Solana’s glaring decentralization issue is that the network uses only one validator “client.” Thus, the entire network is exposed to one single point of failure because all validators must connect through one software service. Not good.

Solana Validators

Source: Solana Beach

In the end, Ethereum is a more decentralized and secure network than Solana.

Proof of Stake

Ethereum and Solana use POS consensus mechanisms to validate transactions and secure their respective networks.

Validators in both systems stake either ETH or SOL into a special smart contract to run a dedicated validator node. This stake is collateral. If a validator misbehaves, they can be subject to slashing by other validators on the network. Thus, validators are economically disincentivized to misbehave.

Solana’s Proof of Stake

Solana takes this POS system and adds a proof of history (POH) consensus mechanism on top. This is novel and makes Solana technically complex.

POH means that all validators run “cryptographic clocks” that are synchronized with each other. This time synchronization provides for faster ordering of transactions, and it’s the reason why Solana can achieve such high TPS. If you want to nerd out on the finer details of POH, you can do so here.

Layer One Protocols

Ethereum and Solana are both L1 platforms. This in part means that anyone can build and launch dApps on either platform.

The major difference here is with regards to L2s. A vibrant L2 network has been built around Ethereum. Polygon, Arbitrum, Optimism, Immutable X, etc. This was all driven by organic market demand as L2s were needed to combat periods of network congestion and high transaction fees on Ethereum.

What’s interesting is that some of Ethereum’s L2s have become innovative and large economic centers of their own. Thus, the Ethereum network has evolved into a dynamic and competitive multi-chain ecosystem.

Ethereum's L2 network

Source: L2Beat

In contrast, Solana uses what’s known as a Single Global State. The idea is that Solana’s consensus mechanism is so fast and efficient, there’s really just no need for sharding, scaling, or sidechain solutions. Just one blockchain, simple and seamless.  

Developments in Progress

Both blockchains have positive technical upgrades currently happening or just around the corner.

Ethereum

Everyone’s talking about the Shanghai / Shapella upgrade, happening as these words hit the page. This upgrade implements five Ethereum improvement proposals (EIPs). One of these EIPs unlocks all the staked ETH on the network, giving holders the ability to withdraw and do as they please with their ETH. The other EIPs are aimed at lowering transaction fees and increasing the network’s TPS.

After Shanghai, Sharding is the next big development. Sharding upgrades will happen in phases during late 2023 and 2024. Sharding should further lower transaction fees and boost TPS into the thousands, because it allows the blockchain to engage in what’s known as “parallel processing”.

Solana

For Solana, the fresh news is that the entire Helium network (accounts, tokens, chain state, wallet dApps etc.) is shifting over to the Solana blockchain. This is scheduled for late March. Helium’s total market cap is currently at $370 million.

Additionally, Solana Saga smart-phone shipments should be any day now. The Saga is an Android phone engineered to interact with the Solana blockchain and its dApps ecosystem. Initial news stirred positive sentiments, but lackluster preorders have made some wonder if the product is dead on arrival.

The Simple Truth About Profits, ETH vs SOL, Top 10 NFTs in 2023 & Trending Coins - - 2024

Source: Dune Analytics

Ethereum vs Solana: Performance & Economic Activity

Let’s look at how Ethereum and Solana compare with regards to blockchain performance and economic activity. 

solana

Performance

In terms of average transaction fees and TPS, Solana is the clear winner.

Solana offers insanely cheap transaction fees and blazing fast TPS. Solana’s all-time average fees are $0.00025 (compared to Ethereum’s $1.68), and Solana’s TPS is 4,760 (compared to Ethereum’s 11.2). These great numbers are due to Solana’s hybrid POS and POH system.

However, Solana’s Achilles heel is its network instability. Solana has suffered more than seven major outages, some lasting longer than 24 hours. The most recent outage was on February 25th, where the blockchain had to be “restarted” due to software update issues. These outages are why the “Ethereum Killer” narrative no longer holds, and it’s also why Solana’s market-cap dominance has been on the slow bleed to its competitors.

In contrast, Ethereum has never had a major outage. What the network has struggled with historically are periods of congestion, which in turn caused transaction fees to sore into the hundreds of dollars! However, due to the successful transition to POS, the newly constructed L2 network, and the incoming sharding upgrade, it appears that Ethereum’s days of congestion and insane fees are over.

Economic Activity

In terms of economic activity, Ethereum blows Solana out of the water.

Ethereum’s total market cap, 24H trade volume, and dApp ecosystem are 24X, 13X, and 10X larger than Solana’s, respectively. Even Polygon, an Ethereum L2 scaling solution, has a larger total market cap than Solana.

Decentralized Finance

Ethereum is DeFi King with $28.9 billion in total value locked (TVL) across 685 protocols. This compares to Solana’s $259M TVL across 97 protocols. This makes Ethereum’s DeFi ecosystem 112X larger than Solana’s. And then compare their Mcap / TVL numbers (the lower the number, the better, as it signifies higher blockchain utility). Ethereum is 6.86 to Solana’s 33.35. Wow.

Ethereum vs. Solana in terms of DeFi

Source: Defillama

NFTs

Ethereum is also NFT King with $36 billion in total NFT sales, compared to Solana’s $3.7 billion, making Ethereum’s NFT market approximately 10X larger.

Ethereum vs. Solana in terms of NFTs

Source: CryptoSlam

ETH vs SOL: Tokenomics & Staking

Let’s examine ETH and SOL in regards to tokenomics and staking. Here’s the numbers:

eth vs sol

ETH

ETH has a total supply of 122 million tokens. All have been minted and released.

Per EIP-1559, ETH’s total supply continually expands and contracts in relation to network activity. Higher network activity results in ETH being burned, and lower network activity results in ETH being minted.

Approximately 16 million ETH (14% of total supply) are in staking contracts on the network. Again, these numbers might soon drop due to the Shanghai / Shapella upgrade.

Ethereum validators and users staking via third-parties are enjoying 4.71% and 4.75% APR, respectively.

Ethereum Staking Rewards

Source: Staking Rewards

With regards to initial distribution, approximately 83% of ETH was sold in 2015 in a public crowd sale. 17% went to the Ethereum Foundation and early contributors.

Ethereum's Initial Supply Breakdown

Source: Messari

SOL

SOL has a current supply of 378 million tokens. SOL is an inflationary token, with no fixed max supply.

SOL’s inflation schedule is fixed. The inflation rate is currently 6.325%. This rate decreases 15% per year until 1.5% is reached, which is set to hold steady for the long-term. Approximately 272 million SOL (72% of total supply) are in staking contracts.

SOL's inflation chart

Source: Messari

SOL’s initial coin distribution occurred between 2019 and 2020. Four of the five token sale rounds dealt with non-public buyers. Thus, an estimated 50% to 60% of the initial token distribution went to the development team, founders, insiders, and non-public purchasers.

And speaking of insiders, the FTX debacle revealed that FTX was one of Solana’s major supporters. Since 2020, FTX and Alameda Research had purchased 58 million SOL (15% of supply). This revelation has only further damaged the network’s reputation.

The APR for staking, after factoring in inflation, is dismal. SOL validators and delegators are making -0.25% and -1.07%, respectively.

SOL's staking rewards

Source: Staking Rewards

Ethereum vs Solana: Concluding Thoughts

In terms of economic activity, the numbers are stark. Ethereum is dominating Solana. But why?

One reason is Ethereum has enjoyed a five year head-start. That’s a crazy amount of time to get the jump in crypto-land.

A second reason is Solana’s recurring outages. These outages severely hurt investor and developer confidence, and pull capital away from the network. Solana’s innovative POS + POH system does give it cheap fees and a high TPS, but it appears that this tech might be a double-edged sword due to the system’s instability.

And a third reason is Ethereum’s ability to adapt. The ETH 2.0 transition was a long time coming, but it was a flawless execution once it happened. All the while, the L2 infrastructure built around Ethereum helped ease congestion and reduce fees, and created a larger, more dynamic multi-chain ecosystem in the process.

So is Solana the “Ethereum Killer”? Well in 2023, it appears that Ethereum might just be the “Solana Killer”.

The Top 10 NFT Collections of 2023 by Sam

Up to now, 2023 in NFTs has felt very different to the year just gone, and there’s a little more cautious optimism around, so let’s look at the top ten NFT collections to keep a close eye on this year.

Yuga Labs

NFT

Image credit: Yuga Labs

Yes, this is an entire company, rather than a collection but, basically, Yuga is the Coke/Amazon/Disney of the NFT space, and everything they do is significant. Bored Apes are Yuga’s showcase PFP collection, followed by Mutant Apes and the Kennel Club, along with Otherdeeds, which represent land in the in-development Otherside metaverse, and there’s also the related ApeCoin token.

Recently, Yuga has been busy rolling out a sequence of gamified, reward-driven experiences for its holders, who have been playing a game called Dookey Dash, the winner of which (a professional gamer) received a Golden Key NFT which was then sold for a staggering 1,000 ETH. This all demonstrates the way Yuga has been consistently adept at keeping attention high through new drops and developments, and can create its own hype cycles.

If BAYC is too expensive to buy outright, you can speculate on its price movements through the NFTperp platform. If you’re going to do that, though, then be aware of the extent to which whale activity, like token farming on Blur, can affect the market.

NFT

Image credit: Yuga Labs

Most recently, Yuga inscribed and auctioned Twelvefold, a collection of 300 generative art pieces that are stored immutably on the Bitcoin blockchain as Ordinals. These are a self-contained art project and aren’t intended to have further utility, showing that not everything Yuga implements needs to be ape related.

Azuki

NFT

Image credit: Chiru Labs

Of the multiple projects vying to compete with Yuga at the top, it’s Azuki that has most clearly established itself as a brand to watch. It set the meta for anime-centered art and design, looks slick and, like Yuga, has not stood still when it comes to introducing new ideas.

In Azuki’s case, the key developments are Beanz, Physical Backed Tokens (PBTs), and Hilumia. Beanz are a companion collection that was airdropped to Azuki holders, PBTs are a way of connecting NFTs and physical items through a chip, bringing together digital and physical collectibles (phygital, if you like new words), and Hilumia is a very cool-looking, metaverse-style virtual city for Azuki and Beanz holders to explore.

Doodles

NFT

Image credit: Doodles

Another OG-ish collection to watch in 2023 is Doodles. This collection minted in October 2021 and, like BAYC and Azuki, set a new style for others to copy, in this case, simple, pastel colored and cute. Other similarities include a loyal holder base, and constant new developments with the aim of establishing a brand.

Key developments to keep tabs on this year include the Doodles 2 customizable collection, and whether the decision to launch it on the more newbie-friendly Flow blockchain–rather than on Ethereum–pays off. There’s also the acquisition of Golden Wolf animation studio, with an eye on what that partnership will produce, and don’t forget Doodles’ collaboration with Pharrell Williams, which was announced in June 2022, but has yet to see any music released.

ON1 Force

NFT

Image credit: ON1 Force

The ON1 Force project started as a collection of 7,777 anime-style PFPs back in August 2021, at which time it had the distinct look of a top collection in the making. ON1 Force created its own world, had a storytelling theme, and the mecha aesthetic seemed to resonate with NFT buyers, with the drop minting out immediately on launch.

However, the project soon entered a decline, with the prevailing sense being that momentum was dissipating, while the team in charge weren’t delivering and didn’t respond well to criticism. There’s debate to be had about exactly where the problems lay, but whatever the truth, ON1 Force started to look like it might not stay the course.

Fast forward to 2023, and there’s been a further dramatic turnaround, but this time for the better. In February, the entire project was bought out by a group of investors that includes executives from Binance and Yield Guild Games, and is led by blockchain investors Old Fashion Research. As a result, the original founders have left, new personnel have come in, and there are funds to be deployed.

This was exciting news in the NFT space, and it looks like ON1 Force is now back from the dead and may have a big year ahead. How the project’s future will pan out remains to be seen, but it looks re-energized, motivated, and is enjoying a surge of new interest.

Dust Labs

NFT

Image credit: Dust Labs

Like Yuga, a studio rather than a collection, Dust Labs is the home of the DeGods and y00ts projects, both of which were created by Frank DeGods. These two projects started life on the Solana blockchain, with DeGods becoming the number one collection within the Solana NFT space, but both DeGods and y00ts are scheduled to switch networks this year, moving to Ethereum and Polygon, respectively.

These migrations should generate attention when they happen, and everyone will be watching to see how the collections develop after moving. Frank DeGods himself is a very influential figure within the NFT space, and showed himself to be always on top of new advances when, last month, he put 535 DeGods NFTs onto the Bitcoin blockchain as Ordinal inscriptions.

Mocaverse

NFT

Image credit: Mocaverse

One of the biggest names in the web3 space is Animoca Brands, which is heavily invested in and supportive of a huge portfolio of projects, including some of the very biggest names (such as The Sandbox, Yuga Labs, ApeCoin, OpenSea, Magic Eden, and many others).

That makes it a big deal if Animoca drops some NFTs of its own, and as it happens, that’s exactly what will happen this year through the Mocaverse development. Mocaverse is not a regular NFT mint, since it’s aimed at people and organizations involved professionally with Animoca, including partnered projects and investors. Holders will then gain access to the Mocaverse ecosystem, which is planning to provide educational insights and resources for web3 builders, among other utilities.

As is often the case with NFT projects, it’s a work in progress, but as it’s being produced by such an influential presence, it’s likely to make an impact and provide value.

Overlord

NFT

Image credit: Overlord

Its landing page describes Overlord as a story-driven gaming ecosystem, but that may not capture the full scope of this project’s ambitions. It appears to be building out an entire web3 empire, incorporating not only gaming, but also animation and fashion, with its own currency. Admittedly, plenty of projects promise these kinds of plans, but Overlord’s content is impressively well produced, and they have some solid partnerships in place.

The animation arm of the project is collaborating with Seth Green’s production company Stoopid Buddy, when it comes to fashion, West Brand Lab are on board, and entertainment companies Three Six Zero and WME will be assisting with brand building. Also, Overlord was recently named as one of the projects involved in Spotify’s NFT-gated playlists pilot scheme.

NFT

Image credit: Overlord

The genesis NFT collection at the heart of Overlord is Creepz, an array of 11,111 psychedelic extra-terrestrial lizards created back in January 2022, and tying in with the storyline running through the project, of planetary invasion and a mysterious alien galaxy.

DigiDaigaku

NFT

Image credit: DigiDaigaku

If you believe that gaming is set to be an important area for NFTs and web3, then you’ll need to follow DigiDaigaku, which is a key player in that corner of the NFT space.

DigiDaigaku Genesis is the central collection from Limit Break, which is a web3 gaming studio co-founded by Gabriel Leydon. That name is important because Leydon has had proven success in mobile gaming with his previous development studio, Machine Zone, and he’s an outspoken character who’s expert at bringing attention to his work.

Leydon has promoted the idea of free-to-own gaming, meaning that although NFT gaming assets might be limited in number and acquire value, they’re initially distributed for free, as was the case with DigiDaigaku Genesis, which stealth minted for free last year.

More recently, DigiDaigaku ran a very expensive ad during this year’s Super Bowl. This, naturally, generated a lot of interest, but not all of the feedback was positive. The ad featured a QR code, which could be scanned to mint an NFT. However, while some participants were directed to the minting site, others landed instead on Leydon’s Twitter page, and even among those who went to the minting site, not everyone had the necessary application (an Ethereum wallet) to receive an NFT. Still, the NFTs were free for those who could mint, and if the purpose of advertising is to get people talking about your product, then it worked.

In addition to the project’s Genesis collection, there are now several other categories of DigiDaigaku NFT, including Heroes, Villains and Spirits, creating an expanding game world with huge potential.

Taproot Wizards

Ordinals

Image credit: Taproot Wizards

Ordinals are, basically, on-chain NFTs on Bitcoin, they’re very new, and development around them is still at an early stage. That makes it difficult to predict what will happen, so it’s a good idea to keep tabs on the entire space, including the marketplaces and wallets that are being developed.

A good starting point from which to do that is the Taproot Wizards collection, which is the creation of Udi Wertheimer, a veteran Bitcoiner who has vocally championed Ordinals, drew on the Bitcoin Wizard meme, which dates back to 2013, for his inspiration, and has placed this collection at the center of the current hype.

Where the collection leads (if anywhere) is anyone’s guess, but it’s a rare case where both NFT flippers and Bitcoiners are interested to find out (although some of the more hardcore Bitcoiners won’t admit to that).

Earth Node

NFT

Image credit: World Mobile

This collection has nothing to do with PFPs, art or gaming, but represents pure utility and is connected to an ambitious telecommunications project called World Mobile, which makes use of the Cardano blockchain.

There are 1,000 NFTs, and each one represents ownership of a node in the World Mobile network. The purpose of World Mobile is to provide internet connectivity to remote locations that are not served by traditional infrastructure, in which there are, globally, around 3 billion people disconnected from existing mobile networks.

World Mobile has a fungible token, WMT, and to reserve an Earth Node NFT on launch, buyers needed 100,000 WMT tokens, which were locked into a smart contract. However, the NFTs received in exchange are now changing hands for an ADA value greater than that of 100,000 WMT, reflecting the potential value of the rewards to be earned from holding an Earth Node. The NFTs give holders a monthly return of 1.3%, or 1,300 WMT, in addition to staking rewards from the 100,000 locked tokens, and a future share of network revenue to be distributed in WMT.

When people ask what uses NFTs have, point them to World Mobile, which is focused on real world solutions to challenges around communications technology and global development.

One last point to keep in mind regarding all the collections mentioned here is that NFTs, web3 and crypto are just about the most unpredictable creative/tech ecosystem around, and anything could happen in 2023. A great current example of that is Bitcoin Ordinals, which seemed to come out of nowhere and shake up the whole space. So, whatever happens from here, expect ups and downs along the way.


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Trending Coins This Week by Rebecca

Here are my key takeaways from the trends this week and despite the macro chatter, the crypto partnerships and launches keep on coming!

1 – Collab.Land is an automated management tool integrated into Telegram and Discord that’s announced an airdrop for its COLLAB token. The airdrop was sent out on 23 February to over 2M wallets on Optimism.

2 – Baby Doge Coin is a dog meme token on the BNB chain that’s launched its highly anticipated burn portal on Baby Doge Swap. Almost $1M of BABYDOGE has been burned in under a week.

3 – Optimism is an Ethereum L2 scaling solution that’s seen its OP token shoot up over 10% in 24 hours. Coinbase has launched the testnet of its L2 network built on Ethereum and powered by Optimism’s OP Stack. The entire Optimism ecosystem has surged.

4 – Blur is an NFT marketplace that’s seen its co-founder doxx himself and reveal his identity on Twitter. Blur is also set to airdrop $300M in extra tokens to loyal NFT traders, and Blur overtakes OpenSea by generating over $460M worth of Ethereum NFT trades in a week.

5 – Velodrome Finance is a DEX on Optimism that’s seen its native token VELO gain 21% in a day due to the Coinbase L2 announcement. 

6 – Vela is a DEX on Arbitrum that’s seen its users and transactions increase by over 100% in a 24-hour period. This is due to Arbitrum overtaking Ethereum in daily transactions and becoming the fourth most active blockchain in total value locked (TVL).

7 – Hop Protocol is a protocol for sending tokens across rollups that’s announced it’s an early builder on Coinbase’s L2 network called Base. 

8 – Camelot is an Arbitrum-based DEX that’s completed the launch and public sale of Factor DAO’s FCTR token. DEX volume has also spiked on Arbitrum surpassing BNB Chain in daily volume and Camelot was in the top 5 platforms. 

9 – FLOKI is a meme token that’s announced BNB Chain’s second largest DeFi protocol will be accepting FLOKI as lending collateral. ByBit has also enabled FLOKI perpetuals with up to 12.5x leverage. FLOKI has also partnered with Indian cricket team, The India Maharajas.

10 – GMX is a DeFi perpetual exchange that’s announced a partnership with BitKeep wallet allowing users to trade on the GMX dApp from within the wallet. GMX has also seen a surge in users as the Arbitrum network scales.

11 – Polygon is an Ethereum side chain that’s been hit by a chain reorganization affecting 157 blocks, or around 5 mins of network activity, despite the hard fork to reduce them. The Polygon team will also be at the ETH Denver conference from February 24-March 5.

12 – Access Protocol is a content monetization protocol on Solana and Starknet that’s launched on the Coinbase Learning Reward program. 

13 – Conflux is a PoW/PoS hybrid blockchain that’s partnered with Alchemy pay to give users an easy fiat-to-crypto onramp. Conflux has also announced strategic partnerships with Galaxy Blitz, Bitizen Web3 wallet, and Angry Cat NFT collection.

14 – Filecoin is a decentralized storage network that’s announced the launch of its EVM network is coming to the mainnet on 14 March. The Filecoin team will also be at the ETH Denver conference on 1 March.

15 – Solana is an L1 blockchain that’s been hit with an outage again after a hard fork incident. Transaction throughput on the network fell off a cliff. 

Follow Rebecca on Twitter and Instagram.

Final Notes

Big news for Bitcoin, Ethereum, Solana, and more! Don’t miss it, make sure to watch the video below 👇

The Simple Truth About Profits, ETH vs SOL, Top 10 NFTs in 2023 & Trending Coins - - 2024

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– Inflation rising in the US, Uniswap getting sued by the SEC, Chainlink’s cross-chain bridge app & the UK possibly launching LondonCoin.
– Altcoin alpha by David.
– This week’s airdrop by Jesse.
– Sam has an NFT report on which Solana NFTs are a good buy.

Hong Kong ETFs Next Week!  

Hong Kong ETFs “Likely” to be Approved Next Week 
– The BTC halving might be a sell the news event, USA ETH ETFs might be rejected, EigenLayer launching & Sui has a portable gaming device.
– Rekt Capital has the latest technical analysis for you on the market. 
– Erik has an article on the top signals for a crypto bull market.
– In case you missed it by Rebecca.

Bullish for Bitcoin? Genesis GBTC Offloaded

Genesis Offloaded almost 36M GBTC Shares
– BlackRock ETF update, Aave possibly turning on the fee switch, Solana’s network congestion & Korean politicians backing BTC ETFs.
– Week 8 update on the 10x portfolio.
– This week on chain.
– This week’s trending coins by Rebecca.

Next Week Could Be Huge for Bitcoin

The Battle of the Bitcoin ETF Banks
– Franklin Templeton liking Bitcoin Ordinals, VC funding making a comeback in crypto, Ethereum L2s possibly exploding to $1 Trillion & an XRP stable coin coming soon.
– Altcoin alpha by David.
– This week’s airdrop by Jesse.
– Sam has an NFT report on What Is AnimeChain?

Bitcoin, Why You Sleeping RN? 

Macro Factors Pushing Bitcoin into the Mid-$60Ks
– The US government looking to sell more Silk Road Bitcoin, Argentina passing mandatory registration for crypto platforms, Goldman Sachs hating on crypto bros & Celestia going to Arbitrum Orbit.
– Rekt Capital has the latest technical analysis for you on the market.
– Erik has an article deciphering how far into this bull market we are right now.- In case you missed it by Rebecca.

$7.65B SOL Dumped!

And SBF’s Sentencing
– BlobScriptions taking over Ethereum, Ondo Finance backing BlackRock, KuCoin Announcing $10M airdrop & Coinbase storing USDC balances on Base.
– Altcoin alpha by David.
– This week’s airdrop by Jesse.
– Sam has an NFT report on Meme Coins and NFTs: What Is Book of Meme?

Hong Kong ETFs Heating Up

Potential Spot Bitcoin ETFs in Hong Kong. 
– The Superintelligence Collective, the US government charging KuCoin, Tether launching AI division & RWAs heating up.
– Rekt Capital has the latest technical analysis for you on the market. 
– Erik has an article on Michael Saylor’s playbook for MicroStrategy
– In case you missed it by Rebecca.

Join the Wealth Mastery Investor Report

By Lark Davis

Combining cutting edge insider insights and done-for-you market analysis to deliver crypto investors the best opportunities to grow their wealth, stay ahead of the curve, and avoid costly mistakes! We cover DeFi, NFTs, Altcoins, Technical Analysis and more! 

Join the Wealth Mastery Investor Report

By Lark Davis

Combining cutting edge insider insights and done-for-you market analysis to deliver crypto investors the best opportunities to grow their wealth, stay ahead of the curve, and avoid costly mistakes! We cover DeFi, NFTs, Altcoins, Technical Analysis and more! 

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