📈 Use these ratios to pick undervalued tokens
PLUS: Capital flows are shifting from bitcoin to ether
Hi Investor 👋
welcome to a ✅ free edition ✅ of Altcoin Investing Picks, the most actionable crypto newsletter.
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In today's newsletter:
💡 Use these ratios to pick undervalued tokens
📣 Capital flows are shifting from bitcoin to ether
📈 Solana DEX volume surpasses $100 billion
Let’s dive in!
💡 Insight
Use these ratios to pick undervalued tokens
Ratios can make your life a lot easier as an investor.
They can rate and compare one asset against another that you might be considering investing in.
In other words, they are a powerful way to invest wisely without the hassle of doing time-consuming fundamental analysis and research.
Most ratios are best used in combination with other metrics, especially network trend indicators.
Here are 9 ratios every crypto investor should know:
Case Study
Less than two weeks ago, we shared this article, highlighting that Lido ($LDO) was traded at a significant discount compared to other protocols:
Guess what?
Lido is up more than 24% in the last 24 hours and outperformed $BTC, $SOL, and $ETH since our call!
So:
Don’t reinvent the wheel
Don’t overcomplicate things
Play the long-term
Be fearful when others are greedy
Be greedy when others are fearful
📣 Update
Capital flows are shifting from bitcoin to ether
Ether has surged over 6% in the past 24 hours, while bitcoin saw a slight decline, as open interest and demand for call options hit record highs for the second-largest cryptocurrency by market cap.
📈 Signal
Solana DEX volume surpasses $100 billion
Solana’s monthly DEX trade volume surpassed $100 billion for the first time, reaching $109 billion in November, nearly double Ethereum's $55 billion.
This marks a significant increase of over 100% from October's $52.5 billion, driven by a memecoin frenzy and Solana’s low transaction fees and user-friendlinessThis is nearly twice as much as the monthly DEX volume of $55 billion on the Ethereum mainnet and represents a 109% increase from October’s trading volume of $52.5 billion.
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