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Daily Brief

Solana's Hottest Ecosystem Tokens

gm Bankless Nation, the Token Hub's latest ratings have been predicting market moves with near-perfection, and we're feeling particularly good about the gains from our Solana ecosystem plays.
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Oct 15, 20243 min read
Solana's Hottest Ecosystem Tokens
Published on Oct 15, 2024
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NEED TO KNOW
World Liberty Fi Fail?
  1. 💰 Trump’s Token Sale Falters Amid Website Crash. World Liberty Financial's token drop got off to a slow start Tuesday.
  2. 🔵 Base Overtakes Arbitrum as Top Ethereum L2 by TVL. The Base network’s total value locked now sits at $2.49 billion.
  3. 🤑 Sui Denies $400M Token Sale Came from Foundation or Investors. Sui suggested that an 'infrastructure partner' was likely behind a sale that caught attention on Crypto Twitter.
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GO BANKLESS
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MARKET VIBES
Bitcoin's Breakout

📸 Daily Market Snapshot: Bitcoin started off the morning with an epic candle, taking it from $65K to nearly $68K in the course of a couple of hours of trading. The immediate sell-off was just as rapid, but trading in the following hours has taken the asset back toward $67K.

Prices as of 6pm ET 24hr 7d
Crypto $2.30T ↘ 0.1% ↗ 6.0%
BTC $66,844 ↗ 1.2% ↗ 7.5%
ETH $2,594 ↘ 1.4% ↗ 6.0%
JUP $0.866 ↘ 1.4% ↗ 16.4%

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New Token Rating: Crypto-native asset manager Grayscale may soon launch Jupiter investment products. How might the JUP token perform in the weeks ahead?
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INVESTING
Solana's Hottest Ecosystem Tokens
Bankless Author: David C.

Over the past four months, we’ve rated a series of Solana ecosystem altcoins in our Token Hub product, with a healthy chunk of them receiving bullish ratings.

These include Kamino (KMNO), Drift (DRIFT), Sanctum (CLOUD), and Jito (JTO). While most have netted significant gains, as high as 111% in the case of Kamino, we still believe they have room to run. 

With the market turning increasingly positive, it's time to revisit each of these tokens to dig into their bull cases and examine what forces may support them going forward. 👇


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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.

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