0
0
Daily Brief

8 Hot Investing Plays

gm Bankless Nation, where are the high-risk, high-reward opportunities in this cycle? We've got some ideas.
0
0
May 9, 20243 min read
8 Hot Investing Plays
Published on May 9, 2024
View in Browser

Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.

.  .  .
INVESTING
8 Degen Investments to Watch
Bankless Authors: Jack Inabinet & David C.

On the hunt for massive returns on the frontier of crypto? 

In today's report, our analysts zero in on tantalizing (and risky!) crypto investment plays across memecoins, DeFi, and NFTs. These top 8 degen crypto opportunities focus on providing you with the basic information and objective assessments on the plays that have us buzzing with excitement!

This analysis is for Citizens Only! 👇

.  .  .
NEED TO KNOW
Canada Fines Binance
  1. 🇨🇦 Binance fined by Canada. Binance is still serving as a regulatory punching bag, receiving a fine for $4.4M from Canada’s FINTRAC agency for breaching registration and reporting rules, Bloomberg reports.
  2. 🐶 VanEck launches memecoin index. VanEck’s MarketVector has started a new index centered on some of the top-performing memecoins, including PEPE, WIF, DOGE, & BONK.
  3. 💎 TON’s wild ride continues. Toncoin continued its upward surge ahead of the rollout of the NOT gaming coin; TON is now the 8th most valuable token by market cap.
.  .  .
TODAY IN MARKETS
Trump's Crypto Embrace

📊 Trump Pump. Crypto had a mainstream moment last night at 2024 US Presidential candidate Donald Trump’s NFT trading card gala. Could a Trump re-election be bullish for the crypto industry, and what tokens managed to pop off?

Prices as of 6pm ET 24hr 7d
Crypto $2.31T ↗ 1.7% ↗ 4.5%
BTC $62,549 ↗ 1.8% ↗ 5.8%
ETH $3,021 ↗ 1.8% ↗ 0.8%

FRIEND & SPONSOR: MANTLE

Mass adoption of token-governed technologies. With Mantle Network – an Ethereum rollup, Mantle Treasury, and a token holder governed roadmap for products and initiatives.

.  .  .
LATEST POD
Is This Cycle Cooked?

Today, we're exploring David's theory that this cycle is cooked, and Ryan has some questions, starting with... what does that even mean?

In this week's episode of Bankless Takes, we take a deep dive into token distributions through airdrops and points programs, highlighting the winners and losers, and what we need to get Crypto's good vibes back.

Listen to the full take 👇

.  .  .
GO BANKLESS
Don't Miss Another Airdrop!

Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again?

Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 100 other crypto protocols in Airdrop Hunter waiting for you.

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.

Account Light mode Log Out