BLOCKCHAIN MILLIONAIRE: MY TOP 3 TINY CRYPTOS

By Teeka Tiwari

www.palmbeachgroup.com 2

Have you ever played slot machines in a casino? Or video poker on a cruise ship?

They design these games so you’ll win frequently. And you can get addicted to them… because at every opportunity, you have a good chance of win-ning. (Of course, you’ll lose all of your money even-tually since these games are rigged against you.)

This way of “winning” – where you have more wins more frequently – is compelling for the way our minds work. It holds our attention, which is exact-ly why casinos use the strategy in the first place.

But if you really want to get rich, you have to do the opposite. And that’s what we call making an asymmetric bet.

Asymmetric betting is when you win infrequently. Most of the time, you lose a little bit of money or nothing happens at all.

But occasionally, you score a massive, outsized gain. And all your losses are erased 100 times over.

Many of the speculative ideas I put my own mon-ey into operate this way. In the past, I’ve per-sonally turned $591 into $13,312… and another $1,000 into $1.5 million.

It’s almost like “finding” money.

Look, I love speculative plays. And you should, too – at least for a small part of your portfolio. But you’ve got to do it right.

When you make asymmetric bets, you only need

to risk tiny grubstakes for the potential to make life-changing gains.

And that’s why crypto is so powerful. It’s the only market I know of where you can risk as little as $100 and make tens of thousands of dollars.

For example, during the crypto frenzy of 2017, we saw tiny coins like these skyrocket:

• Binance Coin rose 8,022% in 2017 alone. That’s enough to turn every $200 invested into over $16,000.

• Or how about EOS? It jumped 752% in just 180 days.

• And then there’s ZCoin. Investors made 22,900% over 2017.

• And don’t forget NEO. In less than a year, it rose more than 150,000%. That’s enough to turn $1,000 into more than $1.5 million.

This is just a small sample of dozens of tiny cryptos that could’ve paid you incredible gains.

Sure, a lot of these gains were hit hard since the frenzy. But you must understand: Crypto is a very volatile and cyclical market.

It’s why I’m so adamant that you diversify and position-size rationally. This way, you won’t get wiped out, since we won’t be using stop losses. It’ll allow you to stay in the game long enough to let the game come to you, as I always say.

BLOCKCHAIN MILLIONAIREMY TOP 3 TINY CRYPTOS

By Teeka Tiwari

www.palmbeachgroup.com 3

But here’s the thing…

We’re still in the early innings of this new and emerging market.

And over the next year, I believe we’ll see a surge in brand-new, massive demand for crypto assets. This demand will come from new crypto financial products created by Wall Street.

They’ll act as a gateway for investor money to enter crypto assets. It’s the same way ex-change-traded funds (ETFs) acted as a gateway for investor money to enter stock indexes, pre-cious metals, and energy products.

According to a Bank of America report released in December 2019, ETF assets will grow to an esti-mated $50 trillion over the next 10 years.

The total crypto market cap already exceeds $1 trillion. Only a fraction of Wall Street’s 500 mil-lion stock investors are currently in this new asset class. Once more pile in, which is inevitable, the crypto market cap will soar higher.

Friends, I believe we’ve entered a new crypto bull cycle. And in this special report, I’ve identified the best three “speculative” blockchain plays out there today. (Remember, blockchain is the under-lying technology behind cryptos.)

Now, they aren’t quite as “established” as tokens like bitcoin and ether. But that’s good news. It means you can get in early before they take off. So you can take a meaningful position for just a few hundred dollars.

This is key. Remember, what we want to do here is make asymmetric bets: small-stake, low-risk plays with huge potential payoffs. These are the types of bets that can make you a solid payday without risking your life savings.

With this kind of early-stage investment, there’s obviously a bit of risk. So, start small.

If you’re a smaller investor, we recommend no more than $200–400 per position. And for larger investors, no more than $500–1,000 per position.

Again, during the next crypto bull market, I believe we can see even bigger gains than ever before. So you don’t have to bet the farm to make life-changing gains.

The time to get in is now.

IMPORTANT NOTE: Immediately after our buy recommendations, we often see an initial price spike. We understand this can be frustrating. But don’t worry. This is par for the course in the cryptocurrency space. Most of the time, the recommendation falls back below our buy-up-to price. Use a limit order. Just be patient and let the price come to you.

And be sure to visit the Palm Beach Letter Crypto Course. If you have questions about anything crypto, chances are you’ll find the answers there.

Blockchain Play No. 1: Compound (COMP)

As you know, Coinbase, the largest crypto ex-change in the U.S., went public recently. It ended its first trading day with an $86 billion market cap.

That makes Coinbase larger than many house-hold names in the financial services industry, including CME Group, Discovery Financial, and Intercontinental Exchange, the operator of the New York Stock Exchange.

I believe we will look back at Coinbase going public as the moment that crypto broke into the mainstream and became a household term.

But Coinbase is just the beginning. The best op-portunities this year are in a different corner of the crypto market…

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It’s called decentralized finance, or DeFi for short.

You see, Coinbase is a centralized exchange. While it makes it easy to buy, sell, and store cryptos, it has its pitfalls. The two largest are its high fees and the risk of letting Coinbase custody your assets.

That’s where DeFi comes in. Under DeFi, plat-forms like exchanges are decentralized. They allow users to trade cryptos at a fraction of the cost... and maintain control over their assets.

This new realm of finance serves its users better by removing the middleman from the equation. For example, when you purchase stocks from your broker, they earn a fee. But without having to go through a middleman like a broker, the seller keeps more profits for themselves, and the buyer gets a more favorable rate.

And I believe 2021 is the year the DeFi trend goes mainstream.

Over the past year, we’ve seen hundreds of DeFi projects come to life that have built an entire eco-system of financial products.

These new platforms are set to disrupt the fi-nancial industry we know today as they remove intermediaries and barriers to entry, which will also lower costs.

DeFi is set to improve areas like lending, borrow-ing, trading, insurance, asset management, and much more.

And as crypto adoption becomes more main-stream, so too will DeFi as everyday users realize the advantages it has over traditional finance.

I expect DeFi to evolve into a multi-trillion-dollar sector. Yet it’s still flying under the radar of most investors.

And Compound (COMP) can help us take ad-vantage of the DeFi trend.

It’s one of the largest decentralized lending pro-tocols in the world. In May, it reached an all-time high of nearly $12 billion in assets held on the platform. With the recent sell-off across the cryp-to space, that number is roughly $6.5 billion at time of writing.

Still, compared to crypto institutions like Coin-base and traditional financial firms, Compound is small enough to deliver incredible returns if the crypto market takes off again.

Compound allows users to borrow against their assets and/or lend them to earn income. The platform is completely permissionless, meaning anyone in the world regardless of their wealth or credit score can use it.

Compound pools depositors’ assets together – which borrowers can draw from. This evenly distributes risk and rewards among depositors looking to earn interest on idle assets.

An algorithm on Compound sets interest rates. And it automatically adjusts them to reflect market demand. For instance, when borrowing demand rises, rates increase to attract more lend-ers. And when borrowing demand drops, rates decrease to attract more borrowers.

Unlike centralized institutions, Compound uses smart contracts to ensure optimal security and allow users to retain control over their assets. (A smart contract is a self-executing contract with the terms of the agreement between parties di-rectly written into lines of code.) A depositor can withdraw their assets from the lending pool at any time of the day, 365 days a year.

And since Compound runs on the Ethereum network, it doesn’t need to hire thousands of em-ployees or rent expensive downtown office space. This allows it to operate at a fraction of the price, passing on more profits to depositors and more favorable rates to borrowers.

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Owning Compound will position us to ride the DeFi trend higher. And as more assets flood the DeFi space, COMP token holders stand to benefit from users looking to generate income or take out a loan with their assets.

On the security front, Compound will pay as much as $150,000 to anyone who can discover a bug or vulnerability that would cause the loss of assets or other harm to users. That incentivizes so-called “white hat” hackers to do their best to find and identify potential problems before actual harm can be done to anyone.

It’s also backed by some of the largest players in both the crypto and traditional finance worlds, including Andreessen Horowitz, Coinbase, and BainCapital.

Most importantly, Compound is integrated with a handful of innovative applications and platforms. Some of these you might already know, like Bi-nance. Others you might not…

For example, Donut allows anyone to link their bank account and start earning interest – as much as 4–10% – through Compound in a matter of minutes. No, you don’t get FDIC insurance. But compared to a savings account at a traditional bank like Wells Fargo (which only pays 0.01% interest), Donut’s rate is around 400-1000 times higher.

Another app called PoolTogether also allows us-ers to lend money through Compound but with a twist – all the interest that users earn is collected and distributed through a random rewards pro-cess. While there are still participation risks, the basic idea is creating a lottery in which nobody actually loses, because you still keep your princi-pal and can withdraw it at any time.

This is just the surface of what’s possible, espe-cially as more and more people wake up to the possibilities of DeFi and developers come up with more innovative ideas and concepts.

While Compound offers an excellent platform for

DeFi, we think the best way to play its rise is by holding the COMP token.

COMP tokens entitle their holders to fees and governance rights over the Compound protocol.

Holders can participate in decisions such as deter-mining interest rates for each asset… the required amount of collateralization for borrowing... and whether to add new coins to the protocol.

Most importantly, Compound generates rev-enues by taking a cut of the interest paid by borrowers and placing it in a reserve fund. The reserve fund acts as insurance for lenders to pro-tect against default.

However, when reserves reach sufficient levels, to-ken holders can then vote on how to distribute the rewards. And as you can imagine, they’ll likely vote to distribute the interest rewards to themselves.

As more assets flood the DeFi space, COMP token holders stand to benefit from users looking to generate income or take out a loan with their as-sets. So adding Compound to the portfolio today will position us to ride the DeFi trend higher.

Compound basically operates as a decentralized bank. So we can value COMP tokens by relating them to shares in traditional publicly traded banks.

Today, there’s over $17 trillion in deposits held in U.S. banks. If even 1% of that money moves over to Compound, that would be about $170 billion going into the protocol.

Meanwhile, Compound earns roughly 0.4% on its dollar-denominated stablecoin loans. (A stable-coin is a crypto that’s pegged 1:1 to the value of a real-world asset, such as the U.S. dollar or gold. They’re designed to avoid wild fluctuations in price.) If we assume a quarter of that will be kept in reserves, then the other 0.3% would be avail-able to token holders.

That 0.3% yearly fee on $170 billion would gener-

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ate $510 million available to token holders.

The top five largest publicly traded banks current-ly trade at 15 times earnings. That means Com-pound could easily be worth $7.75 billion just by meeting the average... representing a 360% jump from the token’s recent price when accounting for maximum token supply.

Of course, Compound could grow faster – and scale more easily – than any traditional bank. And investors tend to assign substantially higher multiples in those situations. (Amazon and Tesla are great examples.)

Therefore, we think Compound could easily com-mand a valuation that is five times higher than the typical stodgy old bank.

Couple that possibility with the maximum supply of COMP tokens allowed under the protocol, and we believe the fair value of each token could be $3,876… a 1,132% increase from current prices.

Action to Take: Buy Compound (COMP) Buy-up-to Price: See the portfolio page here. Stop Loss: None Buy It On: Coinbase, Gemini, Binance, or Uniswap Store It On: MyEtherWallet or Ledger Position Size: $200–400 for smaller traders or $500–1,000 for larger traders Asset Class: Cryptos (Altcoins)

Blockchain Play No. 2: Ox (ZRX)

0x (ZRX) is another opportunity for us to capi-talize on the DeFi trend.

0x is a decentralized exchange (DEX) aggregator.

Like a centralized exchange, a DEX provides a platform for different parties to make trades. But unlike centralized exchanges – including Coin-base, the largest crypto exchange in the U.S. – there are no custodian middlemen in a DEX. That eliminates the need for users to store their assets

remotely and minimizes security risks like hacks.

0x has an interface called Matcha. It finds the best price for users looking to swap assets by pull-ing liquidity from multiple DEXs on the network.

This saves users from having to search through several exchanges to find the best place to trade an asset. Even if they were up to the task, by the time they found the best price and entered the trade... prices would have likely changed by then.

This makes 0x the one-stop shop to exchange as-sets on a decentralized network, such as Ethereum.

0x also provides multiple sources of liquidity, including professional market makers… free limit orders for peer-to-peer transactions… and exclu-sive access to private pools of capital.

Plus, 0x has one crucial difference from other DEXs: It doesn’t store orders on the blockchain, only trade settlements. This makes it faster and less costly.

Obviously, none of this would matter if there were trading delays, outages, or security issues. But 0x boasts 99.9% uptime and a faster response time than its competitors. One study also showed 0x producing better fee-adjusted prices than competitors 70% of the time.

For all these reasons, market participants are flocking to 0x. Active traders on the platform have grown from 8,563 to 102,290 over the past year. That’s a 1,095% increase.

The protocol can be used to build or augment a wide range of marketplaces – digital goods ex-changes, games with in-game currencies, portfo-lio management platforms, and many others.

Since the start of 2020, 0x has seen monthly trading volume gaining 60% on average. If that trajectory continues, trading volume will hit $1.2 trillion this year.

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0x makes about 0.01% in protocol fees off of trading volume. This means it could earn roughly $122 million per year if 2021 goes as projected.

To put a value on 0x, we can look to Coinbase, the largest centralized exchange. Today, Coin-base is valued at roughly 31 times its 2021 earn-ings. If we apply that to 0x, it would be valued at $3.8 billion. With a maximum supply of 1 billion coins, that equals $3.80 per token – a 431% gain from current prices.

Of course, we think 0x will continue to gain mar-ket share as the DeFi trend accelerates.

To be conservative, let’s say 0x is only able to main-tain a third of its historical growth rate next year. That would still give 0x $22 trillion in total trading volume, which would earn $2.2 billion in fees.

With Coinbase trading at 52 times its projected 2022 earnings, that implies a $113 billion value for 0x, or $113.58 per token. That would be a 15,549% gain from current prices... by next year… and with the assumption that 0x’s growth will get cut to a third of current levels.

That makes ZRX a perfect asymmetric play – the type of investment that could turn a tiny amount of money into a substantial windfall.

Action to Take: Buy 0x (ZRX) Buy-up-to Price: See the portfolio page here. Stop Loss: None Buy It On: Coinbase, Gemini, Binance, or Uniswap Store It On: MyEtherWallet or Ledger Position Size: $200–400 for smaller traders or $500–1,000 for larger traders Asset Class: Cryptos (Altcoins)

Blockchain Play No. 3: Aragon (ANT)

In May 2016, a DAO, a digital decentralized autonomous organization, set the record for the largest crowdfunding campaign in history when it raised $150 million. (We’ll explain more about

how DAOs work below.)

Launched on Ethereum, the euphoria from the record crowd-sale quickly dissipated when a hacker exploited a vulnerability in the DAO’s code. By the time developers fixed the problem, $55 million had been siphoned away.

As a result, there was an intense debate in the community on how best to solve the problem. One camp felt the code should be rolled back to make investors whole.

The other camp wanted no fix so that the Ethere-um blockchain remained immutable. In the end, the Ethereum blockchain did a hard fork, with the end result being Ethereum (ETH) and Ethereum Classic (ETC). ETH made investors whole, while ETC remained immutable.

The DAO hack controversy highlights the need for governance in cryptocurrencies. It’s not an uncommon problem. Bitcoin, for example, has also been mired in decisions on how best to scale the network.

During 2017, the debate over bitcoin scaling led to two 30%-plus drops in price. And it also led to the contentious Bitcoin Cash hard fork in August 2017.

Solving the governance issue is Aragon (ANT). It aims to be the first community-governed decentral-ized organization with the goal of acting as a digital jurisdiction and online decentralized court system.

Organizations can use the Aragon Network’s ba-sic constitution and services as a framework. And they’ll also be able to build a custom set of rules to govern relationships inside the organization.

Based in Spain, Aragon is led by Luis Cuende, a tech prodigy listed among Forbes’ 30 Under 30.

With the advent of the internet and cloud com-puting, Cuende sees a new type of company emerging, one without traditional corporate and geographic forms. And that means we’ll need new

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architecture to manage these entities.

Aragon is building the tools for these next-gen-eration decentralized organizations. And Aragon wants to provide everything you need to run one of these companies.

While governance is a key feature, with Aragon you also can administer accounting, by-laws, cap tables, fundraising, and payroll.

These activities aren’t exciting. But they’re critical to running an efficient organization. If Aragon can become a critical piece of infrastructure for decentralized companies, that will create signifi-cant value.

The team unveiled Aragon Court in February 2020. It’s powered by judges who back up their fairness by staking tokens. These judges are called up and rewarded for their work. It’s the first decentralized court room of its kind, and it helps power Aragon’s network of organizations.

Organizations can join the network by paying fees in Aragon’s native token, ANT.

Aragon started off as an Ethereum-based project and is now migrating to its own Cosmos SDK-built chain using Ethermint. Being built on the Cos-mos SDK helps Aragon become chain-agnostic, meaning it’s no longer dependent upon one single chain. Also, because it uses Ethermint, it retains interoperability with Ethereum’s Virtual Machine and Ethereum smart contracts. This gives Aragon a wider net to cast to attract users and partners.

The Aragon Association, which is the legal stew-ard of the Aragon project, has strong financial backing, with over $200 million in value spread across 10 fiat currencies and cryptocurrencies. The association recently garnered the attention of Tim Draper, a venture capitalist who has backed Tesla, SpaceX, and Coinbase (among others), and who now sits on the board.

With strong financial backing and the right ad-

visers, Aragon is our choice to solve governance and governance issues in the crypto age. Not only will Aragon solve these issues within DAOs, but we will also see traditional organizations turn to Aragon for its services as well.

Today, there’s roughly 33.25 million businesses and non-profit organizations in the United States Aragon can provide services to.

For the businesses that are hesitant to fully em-brace blockchain, they could use Aragon to sim-ply improve their voting processes.

Each year, many of these businesses and organi-zations will rely on a centralized voting process to collectively make key decisions. This could include anything from shareholders voting on the next board of directors, to staff members voting to de-cide where the next holiday party will be held.

Aragon can help ensure the process is secure and results are transparent.

We could also see non-profit organizations transfer their power structure into DAOs. DAOs use block-chain technology to allow businesses to automate essential and non-essential tasks, such as tracking inventory, creating or paying bills, and more. Be-cause they use the blockchain, DAOs can also make business operations more visible. This would im-prove transparency and remove the need to trust any single person or a group with the finances.

By using a DAO to run a non-profit organization such as a charity, outsiders can verify every move the organization is making. This would likely lead to more donations to a charity that uses a DAO, since anyone can verify how the money is being spent. It’s a common concern donors have that Aragon is helping eliminate.

Over the next three to five years, we believe we could see 5% of these 33.25 million businesses and organizations turn to blockchain technology to improve governance and transparency.

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And with Aragon serving as the industry leader for implementing secure and tamper-proof vot-ing, we believe it has the ability to capture half of the market for blockchain-based voting solutions. If so, that would imply roughly 830,000 organi-zations using Aragon’s services. And that will lead to higher token prices for ANT.

By owning a stake in Aragon, we are positioning ourselves to profit from organizations looking to use blockchain technology to improve their gov-ernance structure.

Action to Take: Buy Aragon (ANT). Buy-up-to Price: See the portfolio page here. Stop Loss: None Buy It On: Kraken, Binance, or CoinSwitch Store It On: Jaxx, MyEtherWallet Position Size: $200–400 for smaller traders or $500–1,000 for larger traders Asset Class: Cryptos (Altcoins)

Bonus Blockchain Play: Enjin Coin (ENJ)

Blockchain makes everything from cryptos to DeFi possible…

And when these are combined with other import-ant technological advancements, they form the metaverse… which could alter the very fabric of life as we currently know it.

What is the metaverse?

Take the power of the internet…

Plus the mobility of smartphones and similar devices…

And add in virtual reality and artificial intelligence.

Now, start layering in all the new possibilities of the blockchain.

It sounds like a science fiction story, but the metaverse is a virtual world… intimately connect-ed to our real world… where just about anything

is possible.

Some of our daily activities already contain shades of a metaverse future.

For example, do you have any online-only “friends” through a social media platform – peo-ple you haven’t actually met in person but who feel familiar?

That idea of a real personal connection without physical contact is laying the groundwork for a completely virtual world where people meet, interact, and have genuine relationships… maybe only as avatars of their real-life selves.

However, this will go far beyond an enhanced Zoom call.

With a virtual reality headset, you’ll get a full 3D panoramic view of the place you’re in… and hear everything going on around you as if you’re in the room…

And through haptic devices – mechanical in-terfaces that provide physical feedback, like the touchscreen on your smartphone vibrating against your fingers – it will even be possible to “feel” a virtual handshake or hug.

Some people have likened it to teleporting into and out of digital spaces, with completely realistic interactions.

In other words, you’ll be able to go anywhere and do just about anything from the comfort of an armchair and feel like it’s actually happening.

Meanwhile, the information conveyed by our mobile devices will also get more and more inte-grated with our real-world surroundings…

With the advent of 5G networks, individual data bandwidth will skyrocket. So it will be possible to experience much richer digitally-enhanced worlds as you travel through real, physical spaces.

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During one of its conferences, Adobe put together a great conceptual video of what that might look like. In the video, a person wearing a pair of smart glasses navigates her day while receiving a con-stant array of enhanced information about her sur-roundings. You can click here to see it for yourself.

For companies, the commercial possibilities will be endless.

Imagine being able to alert someone to a sale in your store as they walk by on their way to work…

Letting them browse your inventory virtually…

Buy the item in a blockchain-driven transaction…

And have the item waiting on their doorstep by the time they get home that evening.

Look, even if much of this still sounds abstract, it makes sense to get involved immediately – espe-cially after what we’ve seen during past techno-logical breakthroughs.

Remember how unbelievable a fully evolved in-ternet sounded back in 1995?

Or how crazy smartphones were when they first launched?

Or how skeptical everyone was about cryptos when we first started recommending them in 2016?

Make no mistake: The metaverse is going to create opportunities that are just as big as any of those other technological revolutions.

And companies are already starting to pivot to this new trend…

Mark Zuckerberg says he’d like to move his entire company to this place as soon as possible.

Just three weeks after Facebook CEO Mark Zuck-erberg said he’d like to move his entire company to this place as soon as possible, he announced

he’s changing Facebook’s name to Meta… and Google searches related to the term “metaverse” started going through the roof.

That may very well mark the seminal moment for a trend that will radically alter how we live, work, and play.

The metaverse is destined to become the new center of social interaction the way the local pub had been for centuries… the way the TV was for decades… the way the early internet chat boards were in the 1990s… and the way that Facebook, Instagram, and Snapchat are now.

And investing in tokens associated with leading metaverse platforms is a great way to make seri-ous money from this burgeoning trend.

However, most people agree that the biggest chal-lenge to truly parabolic growth – and the key to the purest expression of the metaverse concept – is interoperability between different platforms.

In other words, allowing users to make seamless transitions between different platforms and infor-mation providers.

The next big goal for the metaverse is solving this problem.

And the first step toward that massive undertak-ing is simply allowing users, particularly gamers, to take their virtual assets (often in the form of non-fungible tokens, or NFTs) from one platform to another in more frictionless ways.

That’s where Enjin Coin (ENJ) comes in.

It’s a blockchain ecosystem with products that allow anyone to easily create, manage, distribute, trade, and store blockchain assets.

Enjin started as a gaming platform that provid-ed tools for people to build communities around their favorite games. And by 2017, it was moving into blockchain development.

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Blockchain-based games rely on smart contracts to function. Smart contracts are basically lines of code that execute the terms of an agreement between two parties.

The thing is, designing smart contracts for games can be a complicated and expensive process. And before Enjin came along, Ethereum’s setup could lead to exorbitant transaction fees when using smart contracts. For example, when traffic on the Ethereum network is high, simple processing fees can skyrocket from a normal cost of $5 to up-wards of $50.

So Enjin decided to write a new protocol from scratch to address this problem.

Authored and championed by Enjin’s software engineers, the Ethereum development communi-ty fully accepted the protocol on June 17, 2019.

It goes by the very unsexy name of ERC-1155. But this nondescript piece of tech has dropped the cost of using the Ethereum blockchain by as much as 90%. And this dramatic decrease in costs makes moving and trading digital items far more efficient.

Plus, to escape the horrors of centralized gaming, Enjin has created the “Enjin multiverse,” where players not only own all their assets but can carry them across games.

It’s been a big step toward interoperability be-tween previously-closed systems.

Today, developers can use Enjin’s ERC-1155 standard to create virtual goods easily and cost efficiently.

Further, with its ecosystem, Enjin created a new paradigm for the gaming space where users can truly own their in-game assets.

It’s already being used by dozens of games. And it’s formed partnerships with companies such as Binance, Samsung, and Unity, which runs one of the world’s largest game development platforms.

It’s even linked up with Microsoft to develop NFT-compatibility for the company’s hit game, Minecraft.

What It’s Worth

Today, the ENJ token is used to mint and pur-chase NFTs on its decentralized marketplace.

As of writing, nearly 1 million digital items have been traded in Enjin’s marketplace – generating over 45 million ENJ worth of transactions.

But we believe this is just the start as more games begin to integrate Enjin.

All it takes is one game to attract millions of users who collect and use dozens of in-game items.

Look no further than successful games like Mine-craft and World of Warcraft.

These games have tens of millions of users, each holding dozens of in-game items. This translates to billions of in-game items for each of these games.

As mentioned above, dozens of games are cur-rently using Enjin and many more are set to launch in the months ahead.

And while the Enjin token will see big demand from minting in-game items, we believe the bulk of Enjin’s income will be generated through its marketplace.

Today, there’s a 2.5% trading fee paid to the original creator of the NFT. But we believe Enjin will add an additional small fee of 1% that accrues value to its token holders.

Now let’s assume the dozens of games that run on Enjin collectively generate $10 billion in NFT trad-ing volume. That would translate to $100 million per year in revenue for ENJ token holders.

However, we don’t see that as a stagnant figure. In fact, the size of the video game digital item market is rapidly evolving.

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According to Adroit Market Research, gamers were projected to spend $50 billion last year on intangible digital items like avatars and in-game items. Adroit forecasts an annual growth rate of 22.3% for this figure into 2025.

We expect Enjin’s earnings to grow at that same rate, at the very least. In that case, Enjin should be pocketing nearly $223 million per year in rev-enue for ENJ token holders within the next four years, especially as the larger Ethereum network which it’s tied to continues to gain traction.

To get a sense of what this means for Enjin’s mar-ket value, we can compare it to the likes of other major gaming companies.

As of writing, the average video game company trades at a P/E multiple of 26.5. If we gave Enjin the same earnings multiple, it would be valued at $5.9 billion, based on $223 million in yearly revenue.

That’s a 343% increase from today’s Enjin token price at time of writing.

So make sure you take advantage of this oppor-tunity immediately as Enjin becomes a key cog in the metaverse.

Action to Take: Buy Enjin Coin (ENJ) Buy-up-to Price: See the portfolio page here. Stop Loss: None Buy It On: Coinbase, Gemini, Binance, Binance.US, Kraken, or KuCoin Store It On: MyEtherWallet Position Size: $200–400 for smaller accounts or $500–1,000 for larger accounts Asset Class: Cryptos (Altcoins)

Let the Game Come to You!

Big T