OP, BLUR, IMX, CFX are being added to the list after a long hiatus due to the 2022 bear market where many lost huge sums. It is best to stay on the sidelines or go short during bear markets, especially when it comes to cryptocurrencies.
The change in Fed sentiment due to the banking debacle forces them to start printing money once again. This does not mean a new bull, but possibly an end to the crypto bear.
The following names are strong both fundamentally and technically:
OP: Low-cost and lightning-fast Ethereum L2 blockchain.
BLUR: Decentralizes NFT marketplace.
IMX: Tik Tok deal re: nfts, layer 2 scaling soln, near instant confirmation, near zero gas fees for nft trading and minting, uses starkware zk rollups.
CFX: "Chinese MATIC" - layer 1 only compliant blockchain in China, partnered with Little Red Book, a social media platform with 200M+ users, to provide NFT services; Partnered with China Telecom, a telecom provider with 390M+ users, to build blockchain-based SIM cards.
Crypto Report - New names
|14 Mar 2023 10:00 ET
Like what you read?
Let us help you make sense of these markets by signing up for our free Market Lab Reports:
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.