Keeping An Eye On The Scope Of Volatility
We’ve curated and summarized the valuable findings of four crypto newsletters, be sure to check out their content and show it some love!
This week’s esteemed contributors:
Rektdiomedes – Market Updates and New Protocols
Aylo – The State of Ethereum L2s
Romano – Market Insights
Blackbeard – Market Overview, On-Chain Data, Market Data, Altcoins
We’ve curated and summarized the valuable findings of four crypto top newsletters, be sure to check out their content and show it some love:
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1. Rektdiomedes – Market Updates and New Protocols 🆕
There is so much activity in the crypto world; here are some key things to note:
Biggest Total Value Locked (TVL) Movers – Currently, most chains are red. The most noticeable include Waves; -14.43%, NEAR; -46.10%, and Canto +22.80%. All other chains have been constant this week. As with protocols, the most noticeable include Sun; -19.93%, Arrakis; -15.07%, Aura; +14.8%, Wombat Exchange; +41.96%; and Kokoa Exchange; +104%.
New Protocols – We find the latest protocols through social platforms like Twitter. The new ones are:
AnimeSwap added to DefiLlama – Decentralized exchange on Aptos
Solowin on Solana – Customizable DeFi & NFTFi Raffle platform
Kavarii on Elrond – Decentralized BFT video streaming and sharing platform utilizing $KVRI token
JACKAL on Cosmos - Decentralized cloud, Cosmos blockchain bringing fast & secure Web 3 cloud applications to an interchain world
There are just a few, the list continues.
Want to dive deeper? Keep reading 🍿:
2. Aylo – The state of Ethereum L2s ⚖️
A year in retrospect – Time moves fast. It's now been a year since the launch of major L2s. They have grown enough to have large communities, with Arbitrum having the largest.
The Optimistic ones – Optimistic Rollups have the most users bridging L1 funds. They allow users to secure Ethereum with a low gas fee. For instance, the count of daily transactions has quadrupled on Arbitrum.
The ZKs – Having hit the market last year, Zero Knowledge Rollups are scaling quite effectively; they could out-win Optimistic Rollups.
The Polygon Ones – These could almost fit in their own section, these are the unique suite of Ethereum scaling tools. Its proliferation is now defining Polygon as an EMV side chain.
L2 Value Capture – Many crypto experts predict that the L2 trade will be more profitable than the L1 in the short term. “However, maybe L2s are the true beta in this cycle. I’m currently more bullish on L2s and Appchains than another L1 rotational trade.” – McKenna tweeted.
The Play – L2s reward their community for loyalty and active participation. L2s are ensuring that their tokens are in the community’s hands. For instance, all folks who followed up on the $APT airdrop received $1,500 – 6,000 after filling out an interactive form.
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3. Romano – Market Insights 📈
In financial markets, a low inflation rate rallies asset prices; this is good for the stock market. However, does this call for a celebration? Conversely, some market participants may be caught off-guard. If buying pressure pushes prices high in the short-term, investors sell at a loss when prices fall.
Inflation – In Japan, the current inflation is backed by a 20% value loss of the yen versus the dollar. This event spearheads a 20% increase in the cost of commodities.
Commodity Trade Advisors (CTAs) – CTAs use computers to trade contracts automatically. Their operation model depends on several factors, including volatility, momentum, and price trends. Computers using CTAs are designed not to bet on price declines.
Are we in the overbought territory? - The markets have been bought at relatively higher prices than standard, making their state overbought. Since overbought periods can be long, you are left to await how this plays out.
SudoSwap – The development of such products is aiding the facilitation of liquidity in the market. These products make it easy to sell Non-Fungible Tokens (NFTs) easily. This trait suits investors maintaining collections.
ETHW – An upcoming fork of Ethereum’s Proof of Work mechanism will turn it into a new token, ETHW. The value for ETH and ETHW will differ since ETHW is a fork of ETH.
Want to dive deeper? Keep reading here 🍿
4. Blackbeard – Market Overview, On-chain data, Market data, Altcoins 📊
The crypto market capitalization is falling. Taking BTC as a test case, its dominance has been in a downtrend since June. Here are some thoughts about the market sentiment and a few factors driving the market:
Market Data – The Market-Value-to-Realized-Value Ratio (MVRV) is still in the oversold zone. While its value fell in September, October has broken out by forming an uptrend.
Altcoins – In this case, the highest value hit is $396.8B, and the lowest is at $362.97B. If supportive efforts converge, we are likely to encounter a rise.
BTC/USD – The price for BTC fluctuates, with the highest threshold at $22,800 and the lowest at $18,345. However, in September, BTC recorded a rise in transactions.
Want to dive deeper? Keep reading here 🍿
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