RyanTanaka

RyanTanaka

A charts update - the returns of crypto assets for the last 6 months. CRYPTOCAP:SOL had its run in December which can be seen there, but the talk of the industry right now is LSE:TIA - Celestia, which kind of came out of nowhere since people have been talking about it very little, even here. That's because it's a very new project that only launched its...

RyanTanaka

Trying to make sense of what happened this week in the markets - glad that Tezos is getting some shine but what made this week interesting is that it coincided with Bitcoin's ETF - news which didn't really help Bitcoin all that much but it helped a *select few* coins, while most of them actually went down. My gut tells me that both $XTZ and NYSE:SUI have...

11:25

RyanTanaka

The crypto markets for CRYPTOCAP:BTC after this week's Bitcoin ETF announcement hasn't looked all that great, despite its anticipation over the last several years. This week many of the proof-of-stake (PoS) projects that offer staking rewards (interest) have vastly outperformed its competition - is the the future to come, or does proof-of-work still have some hope?

18:08

RyanTanaka

A deep dive into a few metaverse projects, 2 years after the hype. Is the concept still alive? Is it a viable business model for Web3, going forward? What has changed since? Metaverse-esque platforms like Roblox (which sports 200 MILLION users per month) has proven that there is demand for such a product. What do platforms like theirs have that Web3 is missing right now?

RyanTanaka

Everyone's excited about the "pump" of CRYPTOCAP:SOL right now but objectively speaking, this isn't a growth spurt where outside money is coming in - did people already forget that its high was $250 back 22'? So we do know that the same folks who got caught lying on their term sheets and fabricating data are still there on the core team. Not to mention the...

14:11

RyanTanaka

The tl;dr of the recent surge in CRYPTOCAP:SOL and $BONK is the Solana Phone Rebate - the potential for buyers to make more money than the initial asking price of $599. Once the token drop of 30M that came with each purchase exceeded the cost of the phone itself, it created a frenzy that has driven the price of both coins at once. The question is - will it...

RyanTanaka

Hey folks - been a while since I made one of these (not too much interesting movements in the crypto markets lately, honestly), but after a long period of inactivity in XTZ, *something* seems to have triggered a move. There's a few people wondering where this spike in Tezos came from - unless the transaction was triggered by literally one wallet (unlikely since...

RyanTanaka

Been noticing that the quality of feeds in my crypto stuff has improved recently. I think most of the grifters have left so there's a much higher chance to see the builders out there now. Kind of depends when you got in of course, but this winter is pretty much the same "flatline" that it has always been. It goes up, then it goes down. Usually back to where it...

10:43

RyanTanaka

As First Republic Bank continues to slide down the charts (still ongoing at the publishing of this idea), talks about another bank run happening is starting to resurface again. How valid is the claim that people will flee to crypto as things get worse in the banking system? (Especially with people like Balaji, that claims that Bitcoin will hit HKEX:1 ,000,000 by...

RyanTanaka

The idea of "smart investing" comes with the assumption that the market rewards reason and punishes irrationality in the long-term. What they don't tell you, though, is that the opposite is often true in the short-term. If you want to make money, more often than not you do have to have the discipline to move contrary to what most are doing. It's been almost a...

RyanTanaka

Binance recently announced that they will not be going forward with FTX's bailout - so the future of the company and its holders still hangs in the balance. (The FTT token has been removed from this site since, but last I checked it was down 95%+.) Is this the "end of crypto"? Well, not quite - MATIC, ATOM, DOGE, ETH, LINK are still in up in the last 6 months,...

15:39

RyanTanaka

I'm sure you've probably already heard the news about FTX so I won't cover everything - but there's a few things we might expect, longer-term, from the scandal this week. - More Regulations: This incident embarrassed a lot of powerful people as well, so the likelihood of more substantial regulations coming down the pipe is now much higher. - Increased Liquidity:...

10:25

RyanTanaka

Dogecoin had a very good week this week, probably in reaction to the news of the Twitter acquisition that happened as of today. It's still too early to tell, but some reasons to exercise caution regarding the company, especially given its new owner's past history. As we head into a recession, what worked previously may not work now. Also forgot to mention that...

RyanTanaka

The talk of economists these days seem to be "Cash is King" (esp USD) vs "Cash is Trash". While it's true that a lot of people are liquidating their assets now in favor of dollars, given that our economies are interconnected more now than ever before, this might only last for a very short period of time. While the market is likely to go into panic mode soon (the...

RyanTanaka

Deflationary assets - aka artificial scarcity - is a product of the mediocre mind. Exponential growth and real social progress comes from the idea of "growing the pie". It's weird how people don't use that phrase anymore since it has become such a foreign concept at this point. Bitcoin  (and now Ethereum), NFTs, real-estate (both IRL and the metaverse),...

RyanTanaka

As some analysts have predicted, the public's interest in crypto/Web3 projects have shifted from proof-of-work over to proof-of-stake, following Ethereum's "merge" a few weeks ago. ATOM and ALGO in particular did very well this week (though it did level off eventually) as what seems to be a partial migration of crypto money flowing from one area to the next. The...

RyanTanaka

After Ethereum's "merge" this week, the crypto market continues to sag as a whole, unimpressed. One pattern we see emerging is that coins that have been proof-of-stake since the very beginning (especially ATOM and ALGO this week) have been performing very well relative to the rest of the market. (Coins to keep an eye on in the near future: XTZ, ADA, TRON, MATIC,...

RyanTanaka

As of last year, the top 3 most well-known coins - Bitcoin, Ethereum, Dogecoin - have all become "predictable" in terms of its coin supply. BTC has always had a fixed supply cap, ETH has become aggressively deflationary after its EIP-1559 upgrade started "burning" its supply, and Dogecoin is technically "disinflationary" since the rate at which the protocol issues...