I've analyzed the most shilled coins in past 12 months, and here're my findings
- $BONK recorded the highest growth in the top 20 shilled coins, it did 62.42x but many people avoided taking large positions in memes, so they did miss gains too.
- $SOL is the highest gainer from Blue chip coins, it recorded 7.41x gains in the past 12 months, but majority of the people avoided buying SOL when it was cheap, thanks to FUD created by Youtubers post FTX crash.
- $APE is worst performer with 63.6% loss, apes lost hard here.
- Most of the Youtubers mentioned $MATIC $DOT $ATOM $BNB $LINK $OP as their top picks, most of them underperformed.
- Top 5/10 Token Mindshare Index including SOLANA have given close to 155% ROI in Past 12 months while #btc did almost close ROI if you decided to HODL in past 12 months.
Methodology: I've used token mindshare data by @_kaitoai to identify the most talked coins on social media in past 12 months.
☕️ GM! Here are the top news in #Crypto for the past 24 hours
🟠 Officials have confirmed that a BRICS currency is in development, aiming to reduce reliance on the US dollar and promote de-dollarization.
🟠 Kraken is reviewing plans to possibly delist Tether in the EU under new MiCA rules set to take effect in July, impacting stablecoins like USDT.
🟠 Turkey's ruling party proposes a draft bill to align crypto legislation with international standards, focusing on licensing, transparency, and compliance.
🟠 Hong Kong launched a pilot program enabling digital yuan payments via major Chinese banks, marking its first use beyond mainland China.
🟠 ZkSync announced its v24 upgrade, sparking rumors of a potential airdrop by June, aimed at accelerating protocol decentralization this summer.
🟠 Telegram founder Pavel Durov holds $7 million worth of Notcoin, donated by players, and plans to keep it until its value increases 100x.
🟠 A Nigerian court denied bail for Binance executive Tigran Gambaryan, who is being held on charges including tax evasion and money laundering. Trials are set for May 22 and 23.
🟠 Binance collaborated with Taiwan authorities to resolve a $6.2M crypto fraud, leading to the indictment of nine individuals for financial crimes.
🟠 Two Chinese nationals face charges for a $73M crypto scam involving "pig butchering" fraud, laundering funds through shell companies.
🟠 Notorious crypto theft service Pink Drainer shuts down after stealing over $85 million, leaving a final message on Telegram.
Recovering from Crypto Losses: 5 Essential Steps to Protect Your Investments
Losing money in the crypto market can be a daunting experience, but with the right approach, you can recover and safeguard your investments for the future. Here are five crucial steps to help you navigate through tough times and bounce back stronger: Assess the Situation: Take a moment to breathe and evaluate the extent of your losses. Understanding what led to the downturn is key to avoiding similar pitfalls in the future. By identifying the root causes, whether it's market volatility, poor investment decisions, or falling victim to scams, you can learn valuable lessons and refine your investment strategy.Learn from Mistakes: Use your experience as a learning opportunity. Reflect on the factors that contributed to your losses and make necessary adjustments to your approach. Whether it's diversifying your portfolio, conducting thorough research before investing, or implementing risk management strategies, take proactive steps to mitigate future risks.Seek Support: Don't hesitate to lean on your support network during challenging times. Reach out to friends, family, or a trusted financial advisor for guidance and perspective. Discussing your situation with others can offer valuable insights and help you make informed decisions moving forward.Stay Patient and Disciplined: Remember that crypto investment is a long-term journey. Resist the temptation to react impulsively to short-term market fluctuations. Stay patient, stick to your investment plan, and remain disciplined in your approach. Consistency and perseverance are key virtues in navigating the ups and downs of the crypto market.Consider Professional Assistance: If you're struggling to recover from significant losses or feel overwhelmed by the complexity of the crypto market, consider seeking professional help. A financial advisor or counselor with expertise in crypto investments can offer personalized guidance tailored to your specific needs and goals. They can provide invaluable insights, help you reassess your investment strategy, and chart a course towards financial recovery. By following these five steps, you can turn setbacks into opportunities for growth and resilience in your crypto investment journey. Stay informed, stay proactive, and stay focused on your long-term goals to safeguard your investments and emerge stronger from market downturns.
THE FIRST 10 DAYS OF MAY HAVE BEEN MASSIVE FOR CRYPTO 🚀
Congratulations to those who bought the dip :)
The recovery so far has been full of returns
$RNDR is up by 40% $AKT $AIOZ are constantly in the daily top trending $KAS moving above 12 cents $RIO broke descending wedge $DIONE rejecting 1 cents level
All this is happening because of the constant belief of the communities that the peak is not reached yet.
We have shared the long term outlook for Alts so many times in our journey but is's always good to maximise the returns by zooming in.
If you'd checkout the similar chart for Bitcoin, it has rejected this resistance and gone into another correction phase.
THIS IS GREAT NEWS
This divergence with the Total3 chart tells us the decreasing dominance of BTC on the shorter timeframes which will slowly appear on the monthly chart which we plot regularly on our platforms.
That being said, these candles are not the only indication of the green days, weeks and months.
Several developments are going all around the globe that should get us excited. 🔥
For #AI holders, the $ASI merger, NVIDIA report of earnings is going to give a push.
For #RWA fans, the recent institutional involvement is JPMorgan and Visa jump into ambitious tokenisation project.
I am telling you this is just the start, we might be way ahead a little to call we are early in terms of market phase but in terms of global adoption, we are nowhere near.
The big institutions are not going to stay away from the space since they all crave capital into their businesses and the majority capital is going to be in the crypto space.
THEY WILL TRY TO DELAY THIS, BUT WE HAVE TO STAY STRONGER 💪
- Binance/OKX listing $NOT - OpenAI (AI-powered search engine) - $AMPL Buying program - $DESO PoS Hard fork - $NGL stakers receive $BORPA airdrop - $FLR Arthur Hayes shilling - $ARB x BlackRock's BUIDL Agent
👇
• OpenAI plans to announce Google search engin competitor on Monday. (AI Catalyst)
• Notcoin $NOT is launching on OKX Jumpstart and Binance launchpool.
• $ARB - BlackRock's BUIDL Agent @Securitize sumitted a proposal an integration agreement to deploy tokenized securities on Arbitrum.
• $AMPL - @EefiFinance announced the release of Elastic Vault. The team plans to launch an AMPL Buying program via EEFI Bonding.
• $CHZ - SBI Holdings and Chiliz plan to forge joint venture partnership to bring leading sporting Fan Tokens to Japanese.
• $DESO - Deso Founder @nadertheory announced that the PoS testnet hard fork has been successful. Details on $DESO staking and the launch of $FOCUS will be revealed next week.
• $FLR - Arthur Hayes @MaelstromFund wrote the first article about Oracle projects. Research suggests that $FLR is undervalued.
• $NGL - @BorpaTokencom announced $NGL stakers receive a $BORPA airdrop. The Entangle Points program will start on May 15.
• $SLN - Smart Layer has launched Redbrick Launchpad soft staking. The staking period for this first launch will run for 7 days.
• $QTUM - Qtum has released Qtum Qurator, an AI image generator powered by 10,000 Nvidia GPUs.
• The listing of Notcoin on Binance has led to speculation about a possible $TON Binance Spot listing.
👉The Runes Protocol is a token standard on #Bitcoin that gives users a more efficient way of creating fungible tokens. They are set to launch in April 2024 on block 840,000. Basically its like an ERC20 token but on Bitcoin.
👉The Runes Protocol has been created by bitcoin developer @rodarmor.
Rodarmor is also the creator of the Ordinals Protocol.
𝐇𝐎𝐖 𝐃𝐎 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐑𝐔𝐍𝐄𝐒 𝐖𝐎𝐑𝐊?🌟
👉 #Runes is a simple protocol with minimal on-chain footprint and responsible UT XO management.
👉 Runes is different from the BRC-20 token standard, which is complex and not UTXO-based.
The goal of Runes is to replace less efficient Ordinals based BRC-20 token standard.
Here are the Top 5 narratives that will give 100x return during this Bull Run.
1. RWAs
Real-world asset(#RWAs) tokenization is the process of converting real-world assets like precious metals and real estate into digital tokens that can be traded on a blockchain.
Altcoins Soar Following Each Bitcoin Halving: Top 5 Narratives for Potential 100x Returns
With the Bitcoin halving looming just three days away, the crypto market is abuzz with anticipation. Historically, altcoins have seen significant pumps following each halving event. Let's delve into the top narratives that could potentially yield 100x returns during this bull run. 1. Real-World Asset (RWA) Tokenization The process of converting real-world assets, such as precious metals and real estate, into digital tokens that can be traded on a blockchain, known as RWA tokenization, presents a massive opportunity. With over $600 trillion worth of assets waiting to be tokenized, the market potential is staggering. By 2030, the tokenization of global illiquid assets is projected to become a $16 trillion industry. Prominent RWAs include Ondo (ONDO), Mantra (OM), Centrifuge (CFG), AllianceBlock Nexera (NXRA), Goldfinch (GFI), and Realio (RIO). 2. Rise of Chinese Coins Recent developments, including filings for a Bitcoin ETF by major Chinese asset managers and the approval of spot Bitcoin and Ethereum ETFs in Hong Kong, have catalyzed a surge in Chinese coin investments. This trend is expected to intensify, focusing attention on Chinese projects such as NEO (NEO), VeChain (VET), Gas (GAS), Conflux (CFX), and Filecoin (FIL). 3. Decentralized Physical Infrastructure Networks (DePin) DePin networks incentivize the community to build physical infrastructure, such as mobility and telecom networks, using blockchain technology. With an estimated industry value of $3.5 trillion by 2028, DePin presents a lucrative investment opportunity. Notable DePin tokens include Theta Network (THETA), Helium (HNT), Ankr Network (ANKR), World Mobile Token (WMT), and Covalent (CQT). 4. Artificial Intelligence (AI) Tokens AI tokens leverage artificial intelligence to enhance scalability, user experience, and security within the crypto ecosystem. Despite a relatively modest market cap of $22.6 billion compared to traditional tech giants like NVIDIA ($2.20 trillion), AI tokens hold immense potential. OpenAI CEO Sam Altman's plans to raise funds for a new AI chip project further underscore the sector's growth prospects. Key AI tokens to watch include Bittensor (TAO), Ocean Protocol (OCEAN), SingularityNET (AGIX), Graph Protocol (GRT), and Fetch.ai (FET). 5. Gaming Tokens Crypto gaming coins represent in-game items, currencies, and virtual goods, tapping into the booming gaming industry. With a current market cap of $22.7 billion, gaming tokens are positioned for exponential growth. By 2030, the gaming industry is forecasted to reach a staggering $700 billion. Leading gaming tokens include GALA (GALA), Nakamoto Games (NAKA), Immutable (IMX), Vulcan Forged (PYR), and Myria (MYRIA). Disclaimer: #NFA (Not Financial Advice), #DYOR (Do Your Own Research) In conclusion, as the Bitcoin halving approaches, investors are eyeing altcoins for potentially lucrative returns. Whether it's through RWA tokenization, investments in Chinese projects, DePin networks, AI tokens, or gaming tokens, opportunities abound for those willing to explore the diverse landscape of the crypto market.