🎧🧠 Following the Money Trail: On-Chain Sleuthing
Round Table Weekly Recap - Week of April 10th
Gm degens,
We interview top experts in crypto every week to capture alpha for our community. This digest summarizes the key takeaways of recent conversations.
Let’s dive right in 👇
🔍 On-Chain Trend Detection: A Sleuth’s Handbook
This article is a recap of a round table discussion with Patrick, a content creator who focuses on on-chain analytics for crypto. He explains why he prioritizes fundamentals over traditional technical analysis, and the metrics he uses to gauge the adoption of a new chain.
Key takeaways:
1. Patrick looks at total value locked, liquidity deposits, transaction count, daily active addresses, DEX volume, and stablecoins being bridged to a chain to gauge the adoption of a new chain.
2. He explains that TVL has issues with reflexivity, and a market cap over TVL can signify that smart money is coming onto a chain.
3. He believes that Layer 2 adoption and AI cryptos may see a similar boom to the metaverse in 2023.
On the flip side, he says:
1. TA will always have its place, as with traditional TA.
2. People may not understand the fundamentals of a project and not research.
🎧️ Here’s an audio clip from this Space 👇️
Listen and keep reading 🍿:
💾 Caria from NuvoSphere Talks Data Ownership in Web3
This article is a recap of a Twitter Spaces discussion between Caria, the Co-Founder and CEO of NuvoSphere, and Kadeem Clarke, about data ownership in the Web3 space.
Key takeaways:
1. NuvoSphere is developing ways to help users store their data on the blockchain and completely own it.
2. Nuvo has introduced a concept called DataFi, where users can control their data and get a monetary gain from sharing it with marketers or projects.
3. Nuvo is focused on making its products more useful and supporting more projects to fuel growth for Nuvo.
Counter arguments:
1. Explaining the importance of data ownership to people is challenging because many are not used to how the world works entirely.
2. Marketers currently have difficulty personalizing ads and targeting a specific target audience.
🎧️ Audio clip from this Space 👇️
Listen and keep reading 🍿:
Do you think fundamentals trump technicals in crypto analysis? |