One of the most important Ethereum graphs you’ll ever see. From TokenTerminal. Study it :).

Ethereum now has a market cap higher than Visa and JP Morgan and MasterCard and Bank of America. Next stop: Bitcoin.

Here are the top gainers of the Polkadot Ecosystem so far in May 2021. I expect this trend of DOT projects increasing in price to accelerate in 2H 2021.

Here is the EARLY EDITION of this week's Coinstack Newsletter just for our Telegram subscribers...

https://docs.google.com/document/d/1CRFJi2S11_wBu6uwSRXE6JPwRj7Yl0edW_m2KtHX-Zk/edit#

Here is the weekly Coinstack newsletter.

https://coinstack.substack.com/p/intrinsic-value-comes-from-cash-flows

Inside this week's issue...

1. Ethereum’s Intrinsic Value Comes From Its Cashflows
2. Leverage Trading: Get 2x Returns Betting on Ethereum
3. Coinstack Alpha Fund Update - Deposits Reopened - Up 23% in Last 3 Weeks While BTC Down 15%
4. Portfolio Update: Up 697% YTD 👀
5. Join the Weekly Advice Call on Crypto by Buying an NFT
6. NFTs of the Week by Mrs. Bubble
7. A Long-Term Crypto Portfolio
8. Who I’m Following Closely on Twitter
9. Getting Started in Crypto

For those watching right now (3650) is an absolutely fabulous entry point for ETH after a 15% pullback.

The Coinstack Alpha Fund has reopened for deposits. We suggest minimum investments of $10k+ as Ethereum gas fees to enter the fund are currently $800 regardless of size of investment.

https://app.enzyme.finance/vault/0x29ffa4ba1938d5e8772de736a530708482870796/overview

We plan to open to smaller investments of $1k+ later this year once Enzyme builds on a layer 2 solution and gas fees are much lower.

We had $122k come into the Coinstack Alpha Fund today in new deposits. For those interested, here's how I allocated the new capital just now.

I'm sticking with a heavy ETH/DOT/RUNE portfolio, with some additional exposure to quality DeFi projects.

Enzyme doesn't (yet) have every single token I'd want to invest in, but they do have about 150 so far. Excited to see them evolve in the years ahead. I believe on-chain platforms like Enzyme will become the future of hedge fund capital management.

For those who would like to learn more about Ethereum’s move to an energy efficient Proof of Stake (PoS) system later this year and why that may lead to Ethereum becoming the most valuable blockchain by market cap, a great resource is the site: http://ethmerge.com

For those interested in how on-chain crypto hedge funds like the Coinstack Alpha Fund work, listen 🎧 to this podcast interview with Enzyme founder Mona El Isa...

https://open.spotify.com/episode/10DRHPBpdnbjp6QgswQiPl?si=wZlUP9vgTymUekN-p8MFXQ

I highly recommend listening 🎧 to this podcast from today with The Scoop’s Frank Chapparo interviewing Framework’s Vance Spencer about
why large institutions are shifting investments into Ethereum and DeFi due to their cash flows and how Optimism, Arbitrum, ZkRollups, and Polygon are scaling Ethereum this summer.

“We’re talking weeks, not months, not a year on scaling.”

“We are nowhere near a top”

https://podcasts.apple.com/us/podcast/the-scoop/id1460134454#episodeGuid=ac12040c-b4c6-11eb-a7ba-bf706c1d2b08

Vance manages a crypto fund with $1 Billion in AUM

For those who still hold some Bitcoin I recommend swapping about half of it into Ether (ETH). I still think BTC will grow in 2021, but not by nearly as much as ETH.

Here is a good crypto Twitter list to follow for those wanting to get up to speed on crypto education from good quality sources: https://twitter.com/i/lists/1376636817089396750

In case anyone is wondering what is happening to crypto markets today... Elon Musk has been messing with Bitcoiners on Twitter and implying Tesla might sell their BTC.

We are now in an oversold position on both BTC and ETH.

My sense is we are at a great moment to stack/buy more.

If you’ve been waiting for May’s 25% dip, this is it.

Happens like clockwork every 4-6 weeks. Last one happened April 14.

And BTC and ETH markets are back up...

Parachain auctions have begun on Kusama, driving a 31% rally in KSM in the last 7 days.
Kusama is the early stage and faster network for Polkadot. Many highly anticipated blockchain apps like Acala and Karura launch on Kusama this summer. I’ve been writing about this since February in Coinstack. I expect both Kusama and Polkadot will do very well in 2H 2021.

For anyone wondering, we are still in the middle of a major bull cycle and I expect that ETH will be back at all time highs above $4350+ within 2-3 weeks max. I expect the Eth market to go up quite a bit after the May 28 monthly options expirations and gain a lot as we get toward July’s EIP-1559 release. I reiterate my price target of $8k+ by end of 2021. May 2021 is by far the best month in Ethereum’s history for revenues, on track to be nearly double April 2021.

My Dec 31, 2021 Price Targets:
BTC: $90k+
ETH: $8k+
DOT: $100+

Here is the EARLY edition of this week's Coinstack newsletter... just for our 1310 Telegram channel subscribers.

https://docs.google.com/document/d/1EnII9r0ijwQFyoax84mw91HaN2xspfCVk5LIj515aHE/edit#