🔥 Memecoins Are in For The Long Run

Happy Monday dear subscribers! In today’s Newsletter, Memcoins need some serious attention!

In today's bulletin, we are covering:

• Surfing the Market, with analysis about Bitcoin and Ethereum

• Don't miss the News about EigenLayer, and MemeCoins

• Mystiko is under the spotlight.

• Short article about Time in the market vs timing the market

• Our selection of the best Gems on X

Looks like Bitcoin is taking a break, during the last whole week it's been ranging on a 3% range just moving sideways. As mentioned before, this consolidation is really positive. The longer we consolidate on the $63K-$72K, the stronger will be the breakout and the more endurance it will have against corrections.

I know it might be boring sometimes...but needed:

ETH showing resilience too and catching up with the BTC consolidation. Showing the strength that most altcoins are missing for now. I still thinking ETH is due for a massive breakout on the Q2 once the ETF news start accelerating.

Total Value Locked in Liquid Restaking Tokens Nears $8 Billion, EigenLayer Surpasses $13 Billion

The total value locked (TVL) in liquid restaking tokens (LRTs) has reached nearly $8 billion, with protocols like Etherfi, Renzo, and Puffer experiencing significant growth.

These platforms leverage EigenLayer to allow users to restake their assets and maintain access to their funds. EigenLayer's TVL exceeds $13 billion, aiming to enhance the security of other networks through its deposits.

• Total value locked (TVL) in liquid restaking tokens (LRTs) approaches $8 billion.

• Protocols like Etherfi, Renzo, and Puffer see increased deposits due to users utilizing EigenLayer for restaking.

• EigenLayer allows deposit and "re-staking" of assets from various liquid staking tokens, contributing to the growth of TVL in these protocols.

• EigenLayer's TVL surpasses $13 billion, aiming to enhance security for other networks.

• Users leverage LRTs to deposit funds on EigenLayer for rewards from both LRTs and potential dual airdrops.

The Value of Memecoins: BitMEX Co-founder Argues for Their Positive Impact on Blockchain Networks

BitMEX co-founder Arthur Hayes argues that labeling all memecoins as "stupid" overlooks their potential positive impact on blockchain networks, citing their ability to attract attention and bring in new users and engineers.

• Arthur Hayes highlights the potential positive impact of memecoins on blockchain networks, attracting attention and new participants.

• Memecoins can contribute to network growth and development activity, as seen with Solana and Bitcoin.

• Real Vision CEO Raoul Pal believes memecoins appeal to younger crypto investors, tapping into their "gaming mentality."

• Despite risks, memecoins have been the best-performing asset class within the crypto sector in the last month.

• Ethereum co-founder Vitalik Buterin encourages finding ways to make memecoins useful or charitable rather than dismissing them entirely.

MYSTIKO

Today we have under the spotlight a privacy project: MYSTIKO, “the zk of zks"

The Mystiko initiative revolves around Mystiko.Network, serving as a foundational zero-knowledge (ZK) technology layer within Web3, providing a versatile ZK protocol and a software development kit (SDK).

Zero-Knowledge Proofs (ZKP) are pivotal in ensuring the privacy and confidentiality of transactions. For instance, with a zero-knowledge proof of ownership, individuals can confirm their possession of specific information, like a private key, without revealing the key itself.

This approach is crucial for preserving privacy and bolstering security in blockchain transactions, enabling users to verify transactions without exposing sensitive details.

Mystiko aims to address the limitations of current blockchains, such as Ethereum, by leveraging zero-knowledge proof technology to enhance scalability, interoperability, and privacy in Web3. Essentially, they seek to streamline blockchain transactions, making them more efficient, secure, and private.

The project introduces "zk of zk" technology, which enhances the privacy and efficiency of blockchain transactions. It also implements a decentralized auditing system to monitor transactions for suspicious activity without compromising user privacy.

Mystiko operates by providing a privacy-centric infrastructure layer for Web3, empowering developers to build applications with scalable privacy features. Leveraging zero-knowledge proof technology ensures confidentiality while enabling seamless interoperability across multiple blockchains.

In addition to its core technology, Mystiko integrates a wallet solution known as Camo Wallet, designed to provide a self-custodial and multi-chain scalable privacy wallet experience for users with both web and mobile applications. Camo Wallet aims to offer a seamless and secure experience for managing digital assets while prioritizing user privacy.

Mystiko has a token called $XZK (ERC-20), serving as a utility and governance token within the Mystiko.Network ecosystem. While primarily operating on the Ethereum blockchain, Mystiko's technology is designed to be blockchain agnostic, allowing for integration with alternative blockchains.

The XZK tokens perform various functions within the Mystiko.Network ecosystem, including network operations such as staking by ZK-Rollup miners and relays, as well as voting on network governance matters. It has a total initial supply of 1 billion tokens, which according to the emission schedule should reach total circulation four years after TGE.

Mystiko completed a $18 Million funding round led by Sequoia Capital India/SEA (now known as Peak XV Partners), with participation from Samsung Next, Tribe Capital, Morningstar Ventures, etc. And they are running a community sale of 5% supply with CoinList at the moment.

If you want to investigate further, these are the official Twitter and Website.

See you next week! Have a good one  🙂

Time in the market vs timing the market

One of the most interesting topics in the markets is the battle between buy & hold versus short-term trading. Let's take a closer look at both.

The first thing we need to define is our investment horizon (short-term or long-term), and from there determine our strategies.

A short-term investor actively uses trading, buying and selling on an intra-day basis or in day/week swings (which can also extend to months).

On the other hand, a long-term investor only buys with the goal of selling much later, simply engaging in buy and hold.

Neither of these strategies is inherently better than the other; it depends on who is applying them, as there are profiles that are more conservative and prefer to avoid volatility by focusing on the long term, while others need this volatility to operate in the short term.

Most of the time the biggest returns result from buying and waiting (this is evident in crypto, like those who bought BTC at $500 and patiently waited).

However, the best traders can multiply those percentages much more if they are skilled enough to interpret market conditions correctly and trade accordingly (selling before corrections and buying back at lower levels).

However, unless we are very skilled traders, the best option is always buy & hold:

• Avoid volatility.

• Ignore news that impacts in the short term.

• Don't try to catch the market's peaks and troughs.

This chart shows that of $10K invested in the $SPX, the highest returns were achieved by being invested in the market all the time, even during corrections. It also shows that returns decrease significantly if we miss the best green days of the market, something that often happens when opting for very short-term trading.

But it's not necessary to choose one or the other; we can combine them in two different ways:

• By dividing our portfolio into long term and short term, where each strategy is applied separately.

• Investing for the long term but applying trading to acquire a greater number of stocks or coins with the same initial investment.

For example, at the latter point we can buy ETH at $2000 with the goal of selling it at $10K, but to accumulate more ETH, we can sell at certain points that we consider appropriate, hoping to buy back at lower prices (-5%, -10%, -20%). By repeating this process, we can achieve better results than with buy and hold alone.

Therefore, we can say that based on self-awareness, we can apply the strategy that best suits our style, although it is usually safer or more likely to achieve better returns with buy and hold.

So, is time in the market > timing the market? It depends on how good you are with timing.

In the Middle of the Bull Run

RWA are the future

A cure to inflation

Don’t sleep on this market, lots of opportunities to come, see you next week!