12 Hot Crypto Investing Narratives ($)
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Sponsor: SynFutures — Trade perps on SynFutures V3 and earn 3X airdrop rewards:
- 🌝 ETH cracks $4,000. Ethereum briefly touched above $4,000 for the first time since 2021, meanwhile BTC pushed to new highs of $70,330.
- 🤠 Wyoming rolls out DAO law. WY's governor just signed a new law that helps DAOs achieve status as legal entities in the state, earning them certain legal protections.
- 🤔 Gary gives investing advice. Gensler is losing the battle against crypto, but in an interview this week, he tried to frame crypto's massive gains as another weakness.
📊 Another breakout tease. Bitcoin yet again battered itself against all-time highs, breaking through the memetic level of $69,420 for the first time ever and ticking $70k before wicking down 4% to $67k within the next two minutes and continuing to bleed out to a low of $66k and rebounding as the day progressed.
While fresh all-time highs remain out of reach for the majority of alts that existed during the peak of last cycle’s bull market, many tokens, including ETH and SOL, achieved new cycle highs today! How has Bitcoin’s rally to new highs and subsequent retreat impacted the broader market?
Read on for more market analysis + our favorite chart of the day 👇
| Prices as of 4pm ET | 24hr | 7d |
|
Crypto $2.61T | ↗ 1.7% | ↗ 12.0% |
|
BTC $69,251 | ↗ 2.8% | ↗ 10.9% |
|
ETH $3,949 | ↗ 1.0% | ↗ 15.0% |
The bull market is in full swing.
During such times, when each piece of news can swing prices, projects often get hand-wavy with the use of buzzwords to latch onto a strong narrative.
This Bankless glossary is your cheat sheet to cut through the noise and decide if a project truly has substance. We hope it serves as a valuable resource for you as you research and pick your winners for this cycle.
We break down 12 crypto investing narratives, including:
- 🤖 Decentralized AI
- ♻️ Restaking
- 🔶 Bitcoin L2s
- 🧱 Modularity
- 💿 Data Availability
See all 12 narratives 👇
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Justin Sun, the controversial founder of Tron, has finally entered the chat.
We press the combative billionaire on what he's building, why he's still here, and what comes next. Click in for his views on Bankless, Vitalik, and Ethereum.
Bankless Citizens get Early Access to our Monday podcast and an exclusive Debrief conversation unpacking the episode 👇
It’s not every day that one of the biggest blockchains in the world undergoes a major evolution.
That’s why all eyes are on Ethereum right now, as the leading smart contract platform is undergoing a huge upgrade next week that will intro an unprecedented mechanism: blobspace.
See what Dencun means for NFTs 👇
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- 🟢 USD: 74% APR with Convex’s DOLA-crvUSD pool on Ethereum
- 🟢 USD: 17% APY with marginfi’s USDT pool on Solana
Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.