AB updates are for informational purposes only. Do not construe any of the following as investment, financial, or other advice. You make your own decisions.
The AB Moonletter🚀 is a culmination of research & insights from the diverse capacity of the AB Team. Ultimately our focus & mission is financial freedom. MARCH'24💸☔ includes:
Sections:
Zoom Out…We Are So Back: Market Overview
Farcaster & Warpcast: An Intro
Warpcast: Through a User Lens
The Graph (GRT): Check In & Coming Updates
Our Portfolio: Holdings, Recent Buys & Watchlist
1. Zoom Out…We are so back
Zoom out from the current minor pullback…remember in crypto we take two steps forward, and one step back. Volatility in emerging markets is like peanut butter and jelly. New traders, take a deep breath. Price correction after massive upswings is normal…and quite healthy actually. Big picture, what fundamentals do we have to analyze?
this meme can now be minted as an nft...
Big picture, the Bitcoin ETF and massive institutional buyers have reignited the crypto market, signaling confirmation that we’re in a new 1-2yr bull market. Bitcoin is setting all time highs, and in due time the rest of the market expected to follow. This cycle aligns perfectly with our long anticipated 4-yr cycle predictions (seen below), alongside the Bitcoin halving set for April 19th.
Unlike typical cycles where all-time highs come after the halving, this time Bitcoin has already surpassed its previous ATH ($69k) peak, reaching up to $73k. Since then we’ve seen pullback, but we believe this bull market is far from over.
4 Year Crypto Market Cycles showing BTC price each month
What makes this cycle different from previous ones, is that the major institutions are actually here this time. It’s been a dream in the crypto space for years that “institutions are coming” and it’s finally true. The Blackrock ETF has $15B in AUM and Fidelity isn’t far behind with $9B.
The Bitcoin ETF has been the greatest ETF launch in history, breaking volume and AUM records. These institutional flows into Bitcoin increase the Bitcoin price, and this flows into the greater crypto market via the wealth affect. Since Bitcoin price is increasing, crypto investors who hold Bitcoin now are more wealthy, and they diversify their new gains into the rest of the crypto market.
Ok, the flows into BTC are great, but what about the typical crypto cycle? Generally, when Bitcoin hits new all-time highs, the rest of the market tends to follow.
ETH is on the rise (monthly), appearing ready to hit new all-time highs following Ethereum’s major Dencun upgrade.
Solana is in a similar position, with their ecosystem thriving from pretty hilarious meme coins.
Although most altcoins are still far from their all-time highs, they’ve broken out of their low consolidation patterns and are now trending upwards.
If a couple red weeks has got you down…maybe this market isn’t for you. We’re very excited to continue coverage across the market as much more action is due to come. If we’re talking big picture…the crypto market has a message for the bears…
Authors: Digital Douk, AB Rocket Pilot
2. Farcaster & Warpcast - An Intro
In recent months the AB team has been exploring one of the most exciting developments in the blockchain space to date; Warpcast via Farcaster.
Listen carefully - The Warpcast platform is revolutionizing the social media industry as we know it by rebuilding the worlds most popular social applications (like twitter & reddit) and smoothly integrating the many valuable benefits of blockchain technology. Do not take this lightly. You have been warped warned.
Farcaster Vs Warpcast
Farcaster is a decentralized social media protocol which began development in 2020 by former Coinbase executives Dan Romero and Varun Srinivasan. Farcaster prioritizes social media interoperability, censorship resistance, and user autonomy by leveraging blockchain technology to address issues like censorship and privacy breaches.
In lay terms - Farcaster makes it possible for users to own their social audience & activity, and transfer that audience/activity to all kinds of applications within the Farcaster ecosystem. Because the project is open sourced, developers worldwide are rebuilding the greatest legacy social apps (like twitter, reddit, tiktok, etc), but using Farcaster’s protocol.
Built on the Optimism ($OP) scaling network on Ethereum, Farcaster strives for decentralization and transparency. It allows seamless interaction with other blockchains (from Ethereum to Solana, likely more to come), facilitating the creation of sufficiently decentralized social media applications (dApps) like the Warpcast app.
Warpcast, the flagship application of Farcaster, is a decentralized social media platform similar to X (formerly Twitter), where users can follow others, post content, reshare, and like posts. Warpcast doesn’t stop there, as it also integrates some of the major community building / content organization infrastructure that made Reddit so successful.
The app provides users with complete control over their content and interactions within a decentralized framework. In revolutionary fashion, users can access various smart contracts & crypto dApps in Warpcast without leaving the platform (through frames), ensuring transparency and user-driven interactions.
Warpcast application on mobile
Unlike traditional social media, some Warpcast functionality requires a very small cost, like signup fees aimed at preventing bot activity and spam. We think this is a good thing. The dApp also allows users to tip other users for content they appreciate, mint all kinds of NFTs and participate in massive airdrops like $DEGEN ALL within one application.
The AB team is actively cohosting over 30 channels on warpcast to help organize the ecosystem, stimulate growth & innovation, and ultimately bring more people onchain. Follow us @ab1 to get more involved!
Authors: 8Ball, AB Rocket Pilot
3. Warpcast - Through a User Lens
I joined Warpcast somewhat skeptical, and have come out a Warpcast Maxi. I joke about not using twitter again, but I find Warpcast to be superior in nearly every regard. As a “business guy” in crypto and not a dev, I love sports, gambling, music, jokes, and number go up technology.
I see a lot of thought leaders talking about technical stuff within the web3 space, and while I love seeing this, I often don’t fully understand what is going on. Having a limited following on twitter (500 followers nbd) mostly centered around my interests, it is hard to interact with crypto people on that platform. It is hard to get alpha from twitter in the crypto space. In 8 years I have never made a meaningful connection on twitter to someone in the crypto space. Twitter has also become a Cesspool of bots and toxic interactions.
Marc (AB’s CEO and Fearless leader) told me about an opportunity with a twitter like platform that was starting from the beginning in web3. When I first got on it, I was able to use it in a way that combines Redit and Twitter (twitter interface, channels like reddit). This is easy for me as we were able to corner a lot of the sports, jokes, betting, music, and pop culture markets. This was stuff I was already posting about on twitter every single day. Unlike twitter, since getting started on Warpcast, I have made significant money through easy air drops, connected with many (in person and online), gotten my project in front of VCs, and gotten countless likes on my epic memes.
Warpcast is a place to make connections, earn money in the crypto space, interact with Web3 applications, get alpha on trades and alts you may not be aware of, get support and feedback from people you don’t know, essentially the ultimate crypto application. I am incredibly excited to see where this goes and hope to see many in our moonletter🚀 audience & AB network take advantage of this incredible opportunity.
Author: Alec Beckman
4. The Graph (GRT)- Coming Updates
Since back in 2018 when Yaniv Tal, Brandon Ramirez, and Jannis Pohlman launched The Graph, a lot of progress has been made on creating accessible, relevant, and reliable data for use in blockchain applications. While the early version of The Graph operated on a completely hosted network, 2020 introduced the decentralized network to query data from. This iteration of The Graph Network was launched on Ethereum Mainnet, but the various teams and community members quickly realized the need to move the majority of The Graph’s onchain activity to a layer 2 network - Arbitrum One.
In 2023 The Graph went live on Arbitrum One allowing indexers, delegators, curators, and subgraph developers to migrate or build on the cheaper and faster layer 2 network. Now almost a year later, there are 97 indexers, 93k+ delegators, and over 2450 curators on Arbitrum One. With the majority (95%) of indexing rewards going to indexers and delegators on Arbitrum One, the majority of GRT stake on Ethereum Mainnet should migrate to Arbitrum One over time.
While curation on The Graph has always been a bit “experimental” and less utilized than indexing and delegating, once The Graph fully transitions all networks to their decentralized network I believe we will see more reliance on curating for trusting the best subgraphs. Moving forward we will watch as The Graph undergoes 3 phases to further decentralize the network: Sunray, Sunbeam, and Sunrise. By the end of this, all Graph users will have access to self-sovereign data.
Another important note with Ethereum's latest upgrade behind us is how The Graph is prepared to save the blobs (new Ethereum transaction type holding data only stored on Ethereum for 18 days) with a solution for long-term storage and blob data retrieval, which was ready and operational upon implementation of EIP-4844.
Author: UEV Guy
5. Our Portfolio - Buys & Watchlist
Disclaimer: Our buys/watchlist should not be takin as financial advice/investment suggestion. We share this information in the nature of education & transparency. We value the ability for our network to be aware of new projects & ecosystems we’re actively researching, participating & investing in. Always invest responsibly. And remember… Fundamentals > Pumpamentals !!
Our Portfolio
In 2024 we strive to continue helping as many people as possible understand more about the blockchain ecosystem. A large part of this, is investing. Against traditional norms of gatekeeping trading strategy or portfolio positions, Advantage Blockchain seeks to help the world understand our approach to investing granted our intensive research / interactive background. In the name of transparency, we share AB Fund’s current portfolio each Moonletter🚀 update. This is not investment advice, but a look into our strategy for educational purposes only.
POLL
👀did you scroll for the alpha👀
yes💰
I teleported here🔮
...where am i....👴🏽
4 VOTES ·
Recent Buys
Research Coin (RSC) @ $0.44
Base Swap (BSWAP) @ $0.47
Osmosis (OSMO) @ $1.00
Immutable (IMX) @ $1.40
Watchlist
Thanks for reading. Subscribe for free. See you on the moon….
