Our 40+ Token Predictions ($)
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
- 🫏 Crypto Execs Express Concerns to Biden-Harris White House Officials. Some of crypto's top leaders met with Democratic leaders and White House advisors.
- 🧑⚖️ SEC Reportedly Taking Aim at Crypto VC Firms. The 3 subpoenaed VC firms were not named in the report from DL News.
- 🪙 Ripple Begins Testing RLUSD Stablecoin on Ethereum & XRP. After its lawsuit resolution, Ripple is getting to work on beta testing of Ripple USD.
📸 Daily Market Snapshot: After spiking as high as $62.5K yesterday, flushing out shorts in the process, BTC spent the day sitting comfortably at the $60K marker with reassuring macro signs largely pushing traders to treat last weekend's sell-off, which took BTC below $50K, as a fluke.
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $2.10T | ↗0.4% | ↘4.5% |
|
BTC $60,154 | ↗0.8% | ↘2.8% |
|
ETH $2,571 | ↘0.2% | ↘14.0% |
|
MATIC $0.42 | ↗0.2% | ↘10.2% |
This year, we restarted the Bankless Token Hub, where, every weekday, our analyst team digs into a token's potential future price performance and gives it a bullish, bearish or neutral rating with a brief write-up justifying that rating on a three-month investment timeline.
Right now, we have 41 active token ratings in the Citizen-only app. Today, we just added a rating on Polygon's native token.
As we continue to lay out new ratings and adjust to the shifting financial landscape, we wanted to take a look back at our past performance rating tokens, especially during a period when the market was dealt some major shocks. We didn't do too bad!
Today, we’re showing Citizens a few of our most notable token ratings from this summer, and digging into what exactly we got right and what we overlooked. You can check out the Token Hub app right now to see all of our active ratings! 👇
Mantle kickstarts Season 1 of Methamorphosis. Building on the success of their Liquid Staking Token, mETH, Mantle LSP announces plans for a new Liquid Restaking Token, cmETH, along with a governance token, COOK. With Methamorphosis, participants can now farm Powder for future COOK tokens and position themselves early for upcoming cmETH release.
🧑🌾 Farming Alpha: Onchain yields held steady despite wild fluctuations in crypto prices this week. Pendle fixed rates are more attractive than many variable rate alternatives, but both Curve and Hop continue to provide healthy token-incentivized yields.
Top Opps:
- 🟠 BTC: 8% APY with Fraxlend’s WBTC pool on Ethereum
- 🔵 ETH: 13% APY with Pendle’s amphrLRT on Ethereum
- 🔵 ETH: 10% APR with Hop’s ETH pool on Arbitrum
- 🟢 USD: 19% APY with Pendle’s sUSDe (Karak) PT on Ethereum
- 🟢 USD: 18% APY with Curve’s crvUSD-sFRAX pool on Ethereum
- 🟢 USD: 12% APR with Hop’s DAI pool on Arbitrum
- 🟢 USD: 10% APY with Curve’s sDAI-USDM pool on Ethereum