Crypto Report - New names

Published:

14 Mar 2023 10:00 ET

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.

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