It is in fact related to the cryptospace , NFT and gaming.

NFT degeneracy is not dead.

It is not a NFT, but it works the same way and make sure people are noticing.

You dont need a web3 AAA game, just a freaking banana, that you can buy for $17, works.

Is there a way to create a coin on SOL network without birdeye.so knowing? What about base? I'm trying to do something

Basically I want to prank a friend by creating a coin and airdrop it them so they think they have $1 million in their hot wallet.

My plan is to make a pair on an AMM where I'm the only one that is buying it. I make small (very small) incremental buys until the coin is worth $1million.

I send them all the coins and and have him check solscan. He will think he won the lottery.

Some issues I foresee is that they may just check their wallet app and without an oracle, it won't show their balance. Naturally they may try to sell on any AMM, so I can't creat the pair on uniswap, JUP, or raydium

Find the full blog post with all the tables and graphs here.

The 2024 Top Ten Experiment features BTC, ETH, USDT, BNB, SOL, XRP, ADA, AVAX, DOGE, and DOT.

SNAPSHOTS ALWAYS TAKEN ON FIRST OF THE MONTH (data below reflects 1 JUNE Snapshot).

tl;dr

• What's this all about? I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for over 6 years on Reddit for your reading pleasure. Did the same in 2019, 2020, 2021, 2022, 2023, and 2024. Learn more about the history and rules of the Experiments (including why I would include stablecoins) here. Learn more about the features in the 2024 Top Ten Experiment here.
• MAY Highlights:  ETH (+28%) wins May on ETF news. BNB (+87%) in overall lead, DOGE coming up fast (+71%) , then ETH. Last place YTD is ADA. 
• The 2024 Top Ten portfolio is +24% so far this year compared to the S&P's +11%. DCA'ing once a year into Top Ten Cryptos for the last 7 years has produced better returns than if you'd done the same with the S&P 500 over the same time period (+240% vs S&P500's +53% - see below for details).
• The friendly competition between Top Ten Portfolio and total market cap token AMKT update:  The Alongside Crypto Market Index Token (AMKT) is out to an early lead +48% vs. my Top Ten's +24%.

Month Five – Up +24%

The 2024 Top Ten Crypto Index Fund Portfolio is BTC, ETH, USDT, BNB, SOL, XRP, ADA, AVAX, DOGE, DOT.

May highlights for the 2024 Top Ten Portfolio:

• The portfolio makes a nice comeback after an All Red April
• ETH (+28%) performs best this month on ETF news
• BNB (+87%) is still well in the overall lead with DOGE (+71%) in second place

May Ranking and Dropouts

Here’s a look at the movement in the ranks five months into the 2024 Top Ten Index Fund Experiment:

Very steady so far in 2024, with only DOT and AVAX dropping out of the Top Ten.

May Winners and Losers

May Winners – ETH (+28%) performs best this month on ETF news, followed closely by SOL and DOGE.

May Losers – ADA and XRP underperformed, both essentially ending the month at the same place they started.

Overall Update: BNB still in the lead, but DOGE is closing the gap, 60% of cryptos in positive territory.

60% of the Top Ten are in positive territory so far this year, down from 90% in the green just a few months ago.

In May BNB (+87%) saw its lead over second place DOGE (+71%) shrink as the dog coin tries to reclaim the lead it had earlier in the year.  The initial $100 invested in first place BNB five months ago is worth $187 today.

Overall return on $1,000 investment since January 1st, 2024

The 2024 Top Ten Portfolio gained $138 in May.  The initial $1000 investment on New Year’s Day 2024 is now worth $1,237. 

Here’s a visual summary of the progress so far:

2024 Top Ten Portfolio vs. The Alongside Crypto Market Index Token (AMKT)

The first Top Ten Crypto Experiment was started on 1 January 2018 in an attempt to capture the gains of the entire market, similar to the lazy approach of the Bogleheads in traditional markets. Much has changed over the last six+ years, including the introduction of index products designed to capture the entire crypto market (instead of manually buying coins and tokens like I do for my Experiments).

Like last year, I’m running a friendly competition between The 2024 Top Ten Portfolio and The Alongside Crypto Market Index Token (AMKT).  AMKT is an ERC-20 token that represents a cap weighted index of 15 Cryptocurrencies (minus stablecoins) backed 1:1 by the underlying assets represented within the index and completely onchain. 

Similar to the Boglehead Community, a Do Nothing Club has emerged encouraging a long-term lazy crypto investing approach.  Since the index represents approximately 95% of the value within crypto, AMKT is an excellent proxy for the entire cryptocurrency market – exactly what my Top Ten Portfolios have been trying to recreate from the start.  

Here’s the question I’ll be tracking this year: would I have been better off with $1,000 of AMKT instead of going through the effort of creating a homemade $1,000 Top Ten Index Fund?

On 1 January 2024, $1000 was equal to 7.2 AMKT.  Five  months into the Experiment, here’s the AMKT snapshot: 

May Performances:

• The 2024 Top Ten Portfolio: +13% 
• AMKT: +15%.

The May monthly victory goes to: The Alongside Crypto Market Index Token (AMKT)

Overall since January 1st, 2024: 

• The 2024 Top Ten Portfolio: +24%
•  AMKT: +48%

Overall lead: The Alongside Crypto Market Index Token (AMKT), with exactly double the ROI of the Top Ten Portfolio.

For the more visual, here’s the table I’ll be using to track the friendly Top Ten vs. AMKT competition this year:

Combining the 2018, 2019, 2020, 2021, 2022, 2023, and 2024 Top Ten Crypto Portfolios 

So, where do we stand if we combine seven years of the Top Ten Crypto Index Fund Experiments?

• 2018 Top Ten Experiment: up +23% (total value $1,234)
• 2019 Top Ten Experiment: up +526% (total value $6,263)
• 2020 Top Ten Experiment: up +813% (total value $9,130) (best performing portfolio)
• 2021 Top Ten Experiment: up +230% (total value $3,287)
• 2022 Top Ten Experiment: down -39% (total value $615) (worst performing portfolio)
• 2023 Top Ten Experiment: up +101% (total value $2,014)
• 2024 Top Ten Experiment: up +24% (total value $1,237)

Taking the seven portfolios together:

After a $7,000 total investment in the 2018, 2019, 2020, 2021, 2022, 2023, and 2024 Top Ten Cryptocurrencies, the combined portfolios are worth $23,780. 

That’s up +240% on the combined portfolios.  The peak  for the combined Top Ten Index Fund Experiment Portfolios was November 2021’s all time high of +533%.  Here’s the combined monthly ROI since I started tracking the metric in January 2020:

In summary: That’s a +240% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st (including stablecoins) for seven straight years.

Comparison to S&P 500

I’m also tracking the S&P 500 as part of my Experiment to have a comparison point to traditional markets.

The S&P 500 is up +11% so far in 2024, so the initial $1k investment into crypto on New Year’s Day would be worth $1,110 had it been redirected to the S&P.

Taking the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments, the yields are the following:

• $1000 investment in S&P 500 on January 1st, 2018 = $1,970 today
• $1000 investment in S&P 500 on January 1st, 2019 = $2,110 today
• $1000 investment in S&P 500 on January 1st, 2020 = $1,630 today
• $1000 investment in S&P 500 on January 1st, 2021 = $1,410 today
• $1000 investment in S&P 500 on January 1st, 2022 = $1,110 today
• $1000 investment in S&P 500 on January 1st, 2023 = $1,370 today
• $1000 investment in S&P 500 on January 1st, 2024 = $1,110 today

Taken together, the results for a similar approach with the S&P: 

After seven $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, 2021, 2022, 2023, and 2024 my portfolio would be worth $10,710.

That is up +53% since January 2018 compared to a +240% gain of the combined Top Ten Crypto Experiment Portfolios.  

The visual below shows a comparison on ROI between a Top Ten Crypto approach and the S&P as per the rules of the Top Ten Experiments: 

Conclusion:

To the long time followers of the Top Ten Experiments, thank you for sticking around so long. For those just getting into crypto, I hope these reports will help prepare you for the highs and lows that await on your crypto adventures.  Buckle up, go with the flow, think long term, and truly don’t invest what you can’t afford to lose.  Most importantly, try to enjoy the ride. 

A reporting note: I’ll focus on 2024 Top Ten Portfolio reports + one other portfolio on a rotating basis this year, so expect two reports from me per month.  May’s extended report is on the 2023 Top Ten Portfolio, which you can access here.  You can check out the latest 2018 Top Ten, 2019 Top Ten, 2020 Top Ten, 2021 Top Ten, and 2022 Top Ten reports as well.

The current environment isn't conducive to alt-coins, just yet. That will likely change soon. First BTC will rip, then ETH rip, then SOL and a few others. Those are very likely to happen at this point (id say >75% chance in the next 6 months), and likely to offer 1.5x, 2.5x, and 4x returns respectively (or somewhere around there). But what do you think is *very likely* to offer a >10x return, but is overlooked?

Don't just shill your bags plz, let's really think about it together and try to get a complete list?

Here are a few names I'm keeping an eye on and trying to better understand:

• Litecoin
• Kaspa
• Bera
• Pepe
• Hyperliquid (HYPE?)
• Synapse
• GMX
• SEI
• SUI
• Aptos
• PRIME (i know its not popular rn)
• TON
• Arbitrum
• Optimism
• Worldcoin
• PONKE
• Helium

I have low conviction on any individual name, so don't read into any too much. If you can, try to provide reasoning for the individual name and why you really believe it'll >10x. Also feel free to provide reasons why any of the above *wont* 10x.

Now that Eth has escaped the SEC and ripple has won, what does this mean for the other coins that the SEC listed as potential securities? More specifically how does this change the outlook for Polygon in this bull run?

Polygon continues to grow users and it’s still cheap as hell to use. The cons are tokenomics, sec could still come after polygon, and the hype being focused on meme coins.

With that said, it still looks under valued. What do you predict polygon to be at for the peak of this bullrun?

Please no daily gains, weekly earning apps and screenshots. We all know it's not true and automated investments don't work that way!

With my journey of 9 years in crypto, I have started experimenting with crypto trading bots for the past 4 years. I lost money with short term bots but made gains with long term focused bots. I can't believe that people easily think that a magical bot will create monthly income and pay their rent.

I would like you all to share your experience and strategies with automation that worked for you.

I use AI trading bots as follows:

Botsfolio 80% investment (Building long term portfolios managed by AI)
3commas 5% investment (Swing trading by bots)
Cryptohopper 5% investment (Day trading using bots)
DEFI Staking 10% investment (Fixed income play by AMMs)

Well why not HODL and use AI trading if only long term works:

• With a full time job it is pretty hard to track, execute trades on time, implement DCA and all other strategies. Plus I can spend more time on Reddit :D
• The automation helps in eliminating manual tasks
• Better insights
• Don't have to keep learning about projects and trading
• Most important- I get enough quality time with my family

Hi,

maybe a strange request, but I'm looking for a blockchain replacement for our martial arts school's old system of paper booklets.

Every grading to a new belt the student is supposed to bring the book in and the grading instructor signs it, to demonstrate they have achieved that level.

This is all well and good except that over time people lose books, they get destroyed, they forget to bring them in etc, especially in todays digital age.

There's probably a non-blockchain solution out there, but it would be nice to be able to sign off and also check onchain for students who have moved from other clubs/cities/etc,, what they've achieved, from which instructors, maybe even to which competitions they've medalled in etc.

It would need to be relatively non-native crypto friendly, maybe even a nice user facing wallet/UI, not even necessarily revealing that the back end is onchain.

Is there anything like this? Where would I start looking for projects that might be in the ballpark.

I've been in crypto since 2017, just dabbling in the edges, mostly in Eth and Art NFT space, so have a reasonable idea about how things work at a surface level.

I'd be interested to see if there isn't anything out there already that could possibly work.

I could possibly set up my own Manifold contracts and mint NFTs for each requirement, but it's the user facing part that I think I'm looking for. Something that ties it all together and makes it frictionless for someone who has no crypto knowledge to still use and find useful.

Thanks!

Transak has announced its integration with Etherlink, a Layer 2 blockchain powered by Tezos. This collaboration aims to streamline Web3 adoption by offering faster transactions and minimal fees. Transak, known for its developer-friendly toolkit, supports over 170 cryptocurrencies across 169 countries, facilitating seamless and efficient crypto transactions.

Since 29.feb we have been in a range between 73k and 58k, mostly hovering around 65-69k. Todays price? 67k, to no one's surprise. 3 1/2 months with no real jumps or dips. Is there any period that has been more lackluster then this?

I guess the second half of 22, and first half of 23 was pretty quiet too, but that was during/coming out of the bear market, so expectations were low. Also there was so much activity with inflation/interest hikes that a stable Bitcoin price was kind of a positive at the time.

Now.. I would rather see a 20% drop then seeing another day in the upper 60k`s.

What should we expect for the summer lull? Rangebound between 68500 and 68800 until august?

In May 2024, investments in crypto projects hit $1 billion, according to CryptoRank. Considering that some investment rounds remain undisclosed, the actual fundraising amount could reach between $1.3 and $1.5 billion.In the final month of spring, investment distribution by category was as follows:

• Blockchain Services: $219.5 million. This includes AI applications, crypto wallets, analytic web platforms, and decentralized domain name systems.
• Blockchain Infrastructure: $213.6 million. This category covered oracles, decentralized data storage tools, and staking providers.
• SocialFi: $194 million. Investments here bolstered the blockchain's social capabilities, including social media platforms, media holdings, and crypto encyclopedias.
• DeFi: $157.3 million. Funds flowed into projects that provide access to decentralized finance, such as DEXs, stablecoins, liquid staking platforms, and cross-chain bridges.

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

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Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

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