2022 Is the Year of Ethereum

(3-minute read) Ethereum has yet to be toppled as the king of the hill.

2022 Is the Year of Ethereum By Ian King Editor, Strategic Fortunes Dear Winning Investor, Every year brings a new narrative in crypto. Back in 2016, when crypto was only on a few investors’ radars, the narrative was that the SEC was going to approve a bitcoin ETF.  That drove crypto prices higher for most of the year, although it never happened (and still hasn’t). 2017 brought about a new narrative: the initial coin offering.  These were “altcoins” built on top of the Ethereum protocol.  Altcoins brought about a full-blown crypto mania, sending bitcoin up 20X in that year alone. When the mania ended and 2018’s bear market arrived, “stablecoins” were all the rage.  Crypto investors were looking for safety and security. So they scooped up tokens that were pegged to real-world assets, such as the U.S. dollar. In 2019, after retail investors had all but left, institutions started showing up.  JPMorgan Chase launched JPM Coin to track and transact clients’ assets.  Fidelity set up an institutional crypto platform.  And Facebook announced its own stablecoin called Libra (although it never launched). 2020 was the year that decentralized finance (DeFi) burst onto the scene.  Crypto investors began providing liquidity on decentralized exchanges.  Yield farmers discovered 1,000%-plus yields.  And DeFi token prices rocketed higher.  Last year was the rise of Layer 1 coins to rival Ethereum.  Protocols such as Solana (SOL), Near (NEAR) and Terra (LUNA) are the building blocks of the crypto ecosystem.  DeFi and NFTs exploded on all these chains. But Ethereum has yet to be toppled as the king of the hill. There are some major upgrades ahead. And that’s why ETH is this year’s driving crypto narrative.   This Crystal Holds the Secret to a $16 Trillion Energy Revolution Thanks to a Nobel Prize-winning discovery, one source of energy has the potential to produce 10,000 times the world’s energy use … for the next 5 billion years. And you have the opportunity to make a small fortune before it goes mainstream… Full story here. From open till noon Eastern time. Iqiyi Inc. (Nasdaq: IQ), which provides online entertainment and streaming services in China, rose 25% this morning. Read more here… Bilibili Inc. (Nasdaq: BILI) is another Chinese online entertainment company that’s up 20%-plus today. Click here for details… Bakkt Holdings Inc. (NYSE: BKKT) operates a platform for buying and spending cryptos. It gained 17% this morning. Find out more here… Biotech Stocks Haven't Been This Cheap Since March 2020 The Real Reason Stocks Should Rally in 2022 Here's What Higher Interest Rates Mean for Stocks Will You Survive the Coming Tech War?     Privacy Policy Winning Investor Daily, P.O. Box 8378, Delray Beach, FL 33482. To unsubscribe from Winning Investor Daily emails, click here. To ensure that you receive future issues of Winning Investor Daily, please add info@mb.banyanhill.com to your address book or whitelist within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: http://banyanhill.com/contact-us Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Banyan Hill Publishing expressly forbids its writers from having a financial interest in their own securities or commodities recommendations to readers. Such recommendations may be traded, however, by other editors, Banyan Hill Publishing, its affiliated entities, employees, and agents, but only after waiting 24 hours after an internet broadcast or 72 hours after a publication only circulated through the mail. (c) 2022 Banyan Hill Publishing. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Banyan Hill Publishing. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 866-584-4096)