Doc's Daily Commentary

Mind Of Mav

11 Upside Reasons To Invest In Ethereum

The price of Ethereum (ETH) rose above the $1,420 level, breaking all-time high record yesterday.

 

These are 11 reasons why I think the Ethereum network and its price will continue to rise:

Ethereum continues to dwarf the cryptocurrency sector in terms of transaction fees. On average, more than $7 million in transaction fees are paid daily on the Ethereum network, which is twice as much as BTC. This, arguably, makes Ethereum the most useful network right now.

The number of large ETH transactions worth $100,000 and above is about 7 times lower than the ATH period in 2018. This suggests that the whales are not yet involved in the game . . . yet.

ETH hash Rate reached the all-time high record (313.12 TH/s). This shows that miners trust the network more than ever.

The number of daily active addresses on the Ethereum network has doubled since the beginning of the year to over 550,000.

The number of users in the Defi ecosystem hosted by Ethereum has increased to over 1.25 million. Ethereum continues to be a leader in the decentralized finance world in terms of network usage.

The total value of locked tokens on DeFi platforms has reached over $25 billion. The DeFi ecosystem is growing to contribute to Ethereum.

Ethereum network has about $22 billion in stablecoin supply. This means that stablecoin reserves in the network have increased by $20 billion over a 1-year period, making ETH network is more active than ever.

The monthly trading volume of decentralized cryptocurrency exchanges has reached over $ 30 billion. That means a 50-fold increase in the 1-year chart. The Ethereum network may soon rival the centralized exchanges known as CEX.

More than $ 20 billion worth of tokens were invested in lending protocols. The value of active loans rose to over $4.5 billion.

ETH is steadily flowing out of exchanges. Last week, even in just one day, there were $740 million ETH exit from exchanges. This indicates long-term investment.

 
 
 

The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)

Add your vote to the V3 Portfolio (Phase 3) by clicking here.

View V3 Portfolio (Phase 2) by clicking here.

View V3 Portfolio (Phase 1) by clicking here.

Read the V3 Portfolio guide by clicking here.

What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as
possible.

The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

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The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)

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Read about building Crypto Portfolio Diversity by clicking here.

What is the goal of this portfolio? 

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.
This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.
To give an update on the position, each one listed in low to high relative risk:
SoV/money == BTC, DCR
Platforms == ETH, XTZ
Private Money == XMR / ZEC / ZEN
DeFi == MKR / SNX and stablecoins
It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:

 

 

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