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Daily Brief

Our Spiciest Token Picks

gm Bankless Nation, ETH hit three-year highs today as it popped above $4,100 and we're feeling good. Now, let's dig into some of our spiciest token predictions from Token Hub.
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Dec 16, 20242 min read
Our Spiciest Token Picks
Published on Dec 16, 2024
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.

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NEED TO KNOW
Polygon Riles Up DeFi
  1. ⚠️ Polygon's Stablecoin Standoff. Aave threatens to unwind Polygon operations in governance clash.
  2. ♻️ MicroStrategy Buys Another 15,350 BTC. The firm's total holdings have reached 439,000 bitcoin.
  3. 📩 FTX Shares Repayment Timeline. Many FTX creditors are just weeks away from finally getting their hands on repayments.
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MARKET VIBES
Higher and Higher

📸 Daily Market Snapshot: It was another day of BTC all-time highs as MicroStrategy continued to smash the buy button. Bitcoin reached $107,780 and ETH hit three-year highs as it touched above $4,100, now less than $800 from ATHs.

Prices as of 5pm ET 24hr 7d
Crypto $3.74T ↗ 3.0% ↗ 8.4%
BTC $106,114 ↗ 3.2% ↗ 9.0%
ETH $4,048 ↗ 5.0% ↗ 9.0%
POL $0.60 ↗ 1.6% ↗ 4.3%

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New Token Rating: Aave is threatening to close shop on Polygon. How might the POL token fare in an environment of increasing uncertainty?
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TOKEN HUB
How Our Token Ratings Performed
Bankless Author: Jack Inabinet

Every weekday, the Bankless Analyst Team assigns one popular crypto token with a bullish or bearish rating to indicate whether we believe its price will increase or decrease in the three months ahead.

Nearly 100 different tokens have made an appearance in our Citizen-only Bankless Token Hub, and today, we’re showcasing some of our most notable active ratings to dissect the recent predictions we nailed and reflect on the metas we missed.

See our hits and misses 👇


FRIEND & SPONSOR: MANTLE

Season 2: Methamorphosis is now live on mETH Protocol, following the launch of their governance token, COOK, and cmETH, the liquid restaked version of mETH. With cmETH, holders can enjoy yields across multiple restaking protocols like Karak, EigenLayer, Symbiotic, while earning Powder for more COOK.

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.

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