Today’s edition is brought to you by Crypto.com

Start earning up to 5% back on all your spending! No annual fees. Sign up for the Crypto.com Visa Card today to receive your instant $25 bonus!

GM to all 61,219 of you. Crypto Nutshell #285 dancin’ in the... 🌕 🥜

We’re the crypto newsletter that's more captivating than the adventures of an archaeologist uncovering ancient mysteries and artifacts... 🏺🔍

What we’ve cooked up for you today…

• 🤯 Memecoin takeover

• 🤑 Bullish price prediction

• 📈 RHODL waves

• 💰 And more…

MARKET WATCH ⚖️

Only the top 20 coins measured by market cap feature in this section

MEMECOIN TAKEOVER 🤯

BREAKING: Top Crypto Narratives Gained 39% to 1313% in Q1 2024

CoinGecko just dropped a report breaking down the best performing crypto narratives of 2024 (as of 31st March).

Let’s take a look at the 3 best performing narratives so far in 2024:

1) Memecoins 🥇

• On average, the top 10 memecoins saw gains of +1,312.6% in Q1

• 3 of the top 10 memecoins were new tokens that launched in March: Brett (BRETT), BOOK OF MEME (BOME) and cat in a dogs world (MEW)

• Brett had the highest returns of +7,727.6% followed by dogwifhat (WIF) which gained +2,721.2%

• The memecoin narrative was 4.6 times more profitable than the next best performing narrative of RWA. And it was 33.3 times more profitable than the layer 2 narrative

2) Real World Assets (RWA) 🥈 

• On average, the top 10 RWA tokens saw gains of +285.6% in Q1

• RWA was briefly the most profitable narrative in early February - but was overtaken by the memecoin frenzy

• MANTRA (OM) gained the most at +1,074.7% followed by TokenFi (TOKEN) which saw gains of +419.7%

3) AI Tokens 🥉 

• On average, the top 10 AI tokens saw gains of +222.0% in Q1

• AI was the only other narrative to record 3 digit returns in Q1

• AIOZ Network (AIOZ) was the winner with +480.2% followed by Fetch.ai (FET) with +378.3%

Looks like memecoin mania has come early this cycle…

The dogwifhat ($WIF) meme coin is now worth over $3.85 billion.

The coin does nothing, nor are there any plans for it to do so.

It’s literally just a dog. With a hat. (it is kinda cute tho)

The power of memes should not be underestimated. 💪

Click here to checkout the full report from CoinGecko (and the rest of the rankings).

TOGETHER WITH CRYPTO.COM 💳

Stop right there.

You still don’t have a crypto card?

If you haven’t got a crypto card yet, you’re living in the past.

With a Crypto.com Visa Card you can spend your crypto anywhere you want.

The benefits are insane.

Not only is there NO monthly or annual fee, you also get up to 5% back on every transaction.

With your Crypto.com Visa Card you can:

• Earn up to 5% back in CRO rewards on every transaction. 💳

• Enjoy 100% cashback on Spotify, Netflix, and Amazon as a new customer. 🍿

• Get complimentary access to airport lounges and elevate your travel experience. ✈️

• Flaunt your style with the sleek and stylish metal card 🌟

Here’s how to get your $25 bonus and start earning up to 5% back:

1. Click here to Download the Crypto.com App

2. Sign Up: Use our referral code - Nutty - for your instant $25 bonus.

3. Get Your Crypto.com Visa Card: Start making transactions, earning rewards, and enjoying the perks!

Start making every transaction count - the future is here.

P.S - We heard your feedback. The crypto.com Visa card is available in the U.S, Canada, U.K, Australia and many more!

Disclaimer: Terms and conditions apply. Offer valid for new users. Crypto investments involve risks; please do your research.

BULLISH PRICE PREDICTION 🤑

Bitcoin is going MUCH higher than $500,000 in 2025.

That’s the latest prediction from PlanB.

For those of you who don’t know PlanB, he is arguably the most famous on-chain Bitcoin analyst.

With over 1.9 million followers on Twitter, he is most well known for his Stock-to-Flow model and spookily accurate price predictions.

Let’s break down some of the highlights from his latest market update.

Stock-to-Flow

With Bitcoin’s price surge during March, PlanB’s Stock-to-Flow model is back on track.

Using this model, PlanB gave us some bull market predictions:

Going off the Stock-to-Flow model, the average price of Bitcoin after the halving should be ~$500,000.

With this in mind, PlanB sees Bitcoin going much higher than $500,000 this cycle.

Bitcoin will never drop below $60,000

This prediction is based on Bitcoin’s realized price.

Realized price is the value of all Bitcoins at the price they were last moved divided by the circulating supply.

• 🔴 Bitcoin’s current price: $65,000

• ⚫️ Realized price: $29,000

• 🔵 2-year realized price: $44,000

• (cyan) 5-month realized price: $60,000

During a bull market, Bitcoin’s is above all of these realized price variations.

Here’s the crazy part though.

Bitcoin’s price also never dips below the 5-month realized price during a bull run…

This bull market still has a LONG way to run. 🏃😎

Click here to watch PlanB’s full video.

RHODL WAVES 📈

Yesterday we broke down Bitcoin’s realized cap.

Check that out here in case you missed it.

Today, we’ll be going one step further using the Realzied Cap HODL Waves.

This metric is an extension of the classic HODL waves which groups the total amount of Bitcoin into age bands.

The Realized Cap HODL waves builds upon this by weighting the HODL waves by the Realized price.

Basically this metric tells us which age band is currently contributing the most to the Realized price.

We’ll be focusing on coin-ages younger than 3 months.

Here’s the breakdown (the darker the colour, the younger the age band):

• 1m - 3m: 13.94%

• 1w - 1m: 20.18%

• 1d - 1w: 7.92%

• 24h: 2.68%

Notice the sharp increase over the last few months?

Newer investors are now responsible for ~44.72% of the realized cap.

This increase in younger coins is a direct result of long-term holders locking in profits.

But if you compare today’s data to previous bull markets, you can see that this metric still has plenty of room to rise.

In fact, past market tops occurred when coin-ages younger than 3 months accounted for >75% of the realized cap.

Until that happens, warning bells should not be going off. 🚨

CRACKING CRYPTO 🥜

Coinbase embraces Bitcoin Lightning network to speed up transactions. Crypto exchange Coinbase partners with Lightspark for Bitcoin Lightning Network integration, promising faster transactions.

Memecoins were ‘most profitable crypto narrative’ in Q1 2024. Memecoins led the crypto sector in the first quarter of 2024, outperforming Bitcoin and large-cap altcoins.

SEC’s Hester Peirce gives advice to crypto industry as frustration with agency grows. SEC Commissioner Hester Peirce is once again taking a critical stance against how her colleagues enforce the digital asset space. 

WHAT WE’RE READING 📚

Want to get even smarter? Check these out.

p.s. all completely FREE

• Bitcoin Breakdown (link) - Weekly Bitcoin recap

• The Hustle (link) - Get Smarter on Business and Tech

• Crypto Pragmatist (link) - Actionable alpha in 5 minutes

• Techpresso (link) - Get smarter about tech in 5 minutes

• Wild Golf (link) - Twice weekly Golf insights & tips

CAN YOU CRACK THIS NUT? ✍️

Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)

MEME CORNER 😂

Because what would the crypto world be without its share of memes?

Trivia Answer: B) 50 Bitcoin 🥳 

Back in 2009, Bitcoin’s block reward was 50 BTC. Today it’s 6.25 BTC (soon to be 3.125 BTC)

GET IN FRONT OF 61,000+ CRYPTO INVESTORS

Advertise with Crypto Nutshell to get your product or brand in front of the crème de la crème of crypto investors. Crypto Nutshell readers are high-income earners who are always looking for unique or interesting offers.

Get in touch today. 😎

HOW DID WE DO? 🤷

We read every comment submitted in this poll and love to hear what you guys have to say. 😁 (bonus points for suggestions 🍪)

NUTCASE REVIEW OF THE DAY 🔍

DISCLAIMER: The content of this newsletter is not financial advice. This newsletter is strictly educational and is not investment advice. Please be careful and do your own research.