💎 We help you find crypto GEMs

GM. This is the Doodhwala. We’re like that friend you had in school that always has an extra blue Trimax pen! You can borrow ours.

Let’s get down to business:

• How to vAluE iNvEsT in crypto?

• Quittin’ time for Meta?

• Crypto Doodhshots

• Milky Meme Of The Day

We help you find crypto GEMs

The one criticism everyone has of crypto is —

“WTF is a Shiba Inu?”

We really don’t know the answers to THIS question.

But one question we’re tryna answer today is —

“How to value invest in crypto?”

But what tf is “value invest”?

This can be like:

Buying Infosys in 1999, before India’s IT revolution.

Or

Buying Facebook in 2012, right when stalking your ex became popular.

Buying an asset before the start of a trend is value investing.

But how can you spot a trend?

You can value invest and spot a trend if you know:

• What is the cost to acquire something a.k.a price

• What is the value generated by that something a.k.a revenue

So, when do you know value > cost?

Let’s find out.

💰Revenue

You see, most cryptocurrencies are issued by —

• blockchains (Ethereum, Solana, Avalanche, Polygon, etc.)

• protocols on blockchains (Aave, Uniswap, TraderJoe’s, etc.)

Both blockchains and protocols generate revenue.

See, when you execute a transaction whether it’s to mint a Flying war baby, ape into Putincoin, or get a plastic surgery in the Metaverse, you pay fees.

Fees = revenue

Public companies’ revenues are…public once in four years.

Protocol revenues are…public every single day.

Tell me again, which is more transparent? 🧐

💵 Cost

In the equities market, cost = price of the share.

In the crypto market, cost = market capitalization (fancy term for price of something x the units of that something).

We take market cap because protocols and tokens differ in the supply of their tokens.

🙊 Sometimes its endless (like songs in a Karan Johar movie)

🙉 Sometimes its fixed (like the airport taxi’s sky-high fare!)

🙈 Sometimes its unknown (like Shahid Afridi’s real age)

Revenue 🤝 Cost

Now that we have revenue and cost, we can get value.

Value = Cost / Revenue

Which for crypto is: Market Cap / Protocol revenue

You can use this to check if a protocol is priced higher or lower than the revenue it generates.

Pretty cool right?

Typically the market cap is several times the protocol revenue.

• Ethereum’s market cap is 190x its revenue

• Polygon’s market cap is 520x its revenue

• Avalanche’s market cap is 1,800x its revenue

These blockchains’ coins have already shot up and everybody and their grandmother is buying them. Seriously, my dhobiwala asked me about MATIC yesterday!

But the revenue 🤝 cost can be used to find crypto gems based on actual value.

A place where you can get info on both cost and rev is TokenTerminal.

Check it out and let them know the Doodhwala sent ya!

Quittin’ time for Meta?

Facebook, the app you use to check your high school crush’s yearly life update (she’s still not into you bro), launched its highly anticipated game, Horizon Worlds, in France and Spain on Monday.

And the internet went WILD…

…wild with lolz and memes!

Here are some of the best ones curated by the doodhwala:

As you can clearly see, the game isn't what we expected.

Especially given that Facebook’s (or Meta whateva) metaverse division, Reality Labs, spent years and over $10 billion to build this from the ground up.

$10 billion and THIS?!? ****

The graphics from the game looks like an episode of Chota Bheem.

The gaming market is already pretty packed with a lot of players with immense experience.

Breaking into this market, even with the metaverse play, will be very hard for Meta.

Activison Blizzard and Riot Games, the makers of some of the most popular games in the world like Call of Duty and League of Legends, have already captured the attention of a huge network of gamers.

And for them, getting into the metaverse space would be much easier, given their market dominance tbh.

Epic Games, the creator of my 12-year-old cousin’s favourite game Fortnite, has already earmarked $2 billion for its metaverse development.

But our dear Zucky will not let go.

Meta is defiantly pushing forward into the metaverse. Whether we like it or not.

The metaverse market is tipped to be a trillion-dollar market in the next few years, per reports by Grayscale.

And Meta wants a share of it, if not the whole pie.

Crypto Doodhshots

• 📈 Solana TVL shoots up by $600 million despite hacks but is still 80% down since last year

• ☁️ Over 50% Ethereum nodes are running on centralized cloud provider, AWS (You can’t spell decentralised without centralized 😉)

• 🖼 320th rarest BAYC NFT sells for 777 ETH, worth $1.4 million ( what bear market?)

• 🔥 Phantom Wallet Introduces the “Burn NFTs” Mechanism To Help Users Remove Spam NFTs (finally!)

• 💣 Ukraine Buys New Batch Of Weapons Using $60 Million Crypto Donations (new use case unlocked)

Milky Meme Of The Day

A highly possible version of Meta’s metaverse ft. Zucky

That’s all for today bhaiyo aur bheno! Naale Sigona!

Aakash "Dahi Cheeni" Athawasya & Arvind "Doodh Peda" Krishna

Yo! Our legal and financial advisors (aka our good ol’ conscience) have asked us to add this boring disclaimer.

None of what you read here is financial advice. We aren’t here to get to buy or sell a crypto. We’re only here to tell you what’s up in crypto today and make you laugh. So, if you screwed up on a trade, that’s on you G. Stay safe in the markets.