The crypto bonanza is in full force.
Bitcoin (BTC) spiked to an all-time high on election night and has been off to the races since… at around $90,000 now.
Ethereum’s (ETH) is up around 30% over the past month…
Solana’s (SOL) up even more.
Then there’s Dogecoin (DOGE), which just went from $0.11 to $0.39 in a month:
Crypto’s a unique sector where jokes, memes, and stories can drive prices to the moon. It’s the Wild West.
Did you know there’s a coin for Peanut, the internet-famous squirrel?
Peanut the Squirrel (PNUT) is up a ridiculous 1,340%… in just the past week.
And PNUT isn’t even the highest gainer over the past seven days. Look at this list. There are two coins up more than 2,500% — in one week!
This is a bonanza in every sense of the word. It shows just how excited crypto investors are right now.
If you’re at all interested in capitalizing on the perfect setup in crypto, here’s my guidance…
Don’t buy any of these meme coins…
If you want to throw a few bucks into something like Goatseus Maximus (GOAT) just for laughs, I’m not going to stop you.
But this isn’t where the big opportunity is.
We’re on the edge of the biggest regulatory regime change in crypto ever.
For the last four years, building a legitimate crypto business in America has been basically illegal.
Entrepreneurs who wanted to build real businesses in this industry risked jail time.
This put innovation on “pause.” I’d chat with builders at conferences and they’d say things like, “I’d love to build this but I don’t want to go to jail.”
It was a constant regulatory barrage. Crypto banks were shut down by the government. Founders and funds were sued. Protocols were subject to constant surveillance sweeps.
With no regulatory framework to launch real projects that create value, the only incentive was to make speculative meme coins.
“Mememakers” can easily create and launch tokens. But entrepreneurs trying to build real products step in regulatory quicksand. Want to launch a dog token? No problem. Want to build actual financial infrastructure? Here’s your subpoena.
That era just ended.
Donald Trump and the new pro-crypto Congress (comprised of both pro-crypto Democrats and Republicans) are a complete rejection of the anti-crypto folks who’ve dominated government in recent years.
Think of it like taking the handcuffs off thousands of entrepreneurs at once. Expect the coming innovation surge to shock people who think crypto is just about speculation.
I’ve said from the beginning I wouldn’t touch 99% of tokens. Crypto, like every early-stage industry, is fraught with frauds and scams. But cut through all the hype, and you can see the world-changing potential.
Here’s one sector set to do well under the new regime — DePin.
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DePin answers the #1 question on every crypto skeptic’s mind: What do we need blockchain for?
DePin is all about solving real-world problems using blockchain.
And unlike most of crypto, I can explain how DePin projects work to my mom.
Consider Hivemapper, for example, which is building the next Google Maps.
I love Google Maps Street View feature. But wouldn’t it be even better if it updated every day, not once per year?
This is the problem Hivemapper (HONEY) is trying to solve. It’s creating a live view of the world’s roads.
Hivemapper makes a 4K, high-definition dashcam anyone can buy and attach to their rearview mirror. The camera automatically “maps” the roads as you drive around, while you collect HONEY tokens in return. Hivemapper then feeds these images into its global map.
Hivemapper is one of my top choices for the most impressive crypto business of 2024. Over 150,000 contributors across the globe have mapped 330 million km worth of roads.
Hivemapper users mapped over a quarter of the world’s roads in less than two years! It’s growing 4X faster than Google Maps did in its early days.
And Hivemapper now counts three of the world’s top 10 mapping companies as clients. It has a real shot at breaking Google Maps’ monopoly.
I first recommended Hivemapper crypto (HONEY) to my RiskHedge Venture subscribers in November 2022.
A year later we sold half of that position for a 1,050% gain. We continue to hold the other half.
Helium is another real-world crypto…
Helium (HNT) successfully built the world’s only global IoT network. It achieved this without laying a single cable or constructing a cell tower.
Instead, Helium decided to sell hotspots (mini cell towers) to folks like you and me and pay them HNT tokens for providing internet coverage for IoT devices.
Today, Helium has 1 million hotspots deployed in over 200 countries.
Helium is now moving beyond IoT devices. It recently rolled out its $20/month unlimited data, talk, and text cell plan nationwide… powered by Helium’s 5G hotspots.
The number of Helium Mobile subscribers has surged 4X since January and just topped 115,000.
Two of the three largest cell providers in America are also now tapping into Helium’s 5G network.
5G is blisteringly fast. The downside is its signals only reach short distances. Building a dozen giant cell towers to cover a city won’t work for 5G. Instead, it needs a mini cell tower in every coffee shop and home. This makes 5G the perfect fit for Helium’s “grassroots” approach.
T-Mobile (TMUS) and Verizon (VZ) know this. That’s why they’re “offloading” traffic to Helium’s 5G network. These cell giants are “routing” over 60,000 people through Helium’s network on any given day. And that number continues to rise, as this chart shows:
Source: Helium
This translates into more revenue for Helium. Its network is raking in over $150,000 in fees/month, with 98% of fees coming from 5G customers.
Bottom line: Blockchain is the greatest coordination tool ever invented. It allows individuals from across the world to achieve things only monolithic corporations could previously do. And they’re able to do it cheaper and faster than ever before.
Now that we finally have a pro-crypto government, would you rather bet on DePin cryptos with the potential to change the world, or a meme coin?
For more insights, subscribe to my investing letter The Jolt⚡.
I publish fresh research on stocks and crypto every Monday and Friday.
Also, I run a crypto advisory called Venture. You can learn more about it by clicking here.
— Stephen McBride, Chief Analyst at RiskHedge
Don’t buy meme coins. Buy DePin cryptos instead. was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.