Research Summary
The report provides a comprehensive guide on how to stay updated with the rapidly evolving crypto market. It suggests using resources like DeFillama’s Daily News Roundup, Twitter lists, Binance Research’s analyses, and Velo News. It also recommends following experienced narrative traders for insights.
Key Takeaways
Importance of Staying Updated
- Dynamic Crypto Market: The report emphasizes the importance of staying updated with the fast-paced crypto market, which sees new narratives emerging every week. It suggests several resources to help investors keep track of industry news, L1 & L2 news, DeFi news, and crypto raises.
Useful Resources
- DeFillama’s Daily News Roundup: The report recommends DeFillama’s Daily News Roundup, a free Telegram channel that provides coverage of all things crypto. It manually curates news and covers most of the big announcements made by crypto projects.
- Twitter Lists: The report suggests using Twitter lists to filter out noise and save time. It recommends organizing lists by categories such as chains, crypto sectors, and coins held by the investor.
- Binance Research’s Analyses: Binance Research, which provides free crypto research reports, is another resource recommended by the report. These reports cover hot narratives & sectors, monthly market insights, and innovative new projects.
- Velo News: For narrative & news trading, the report suggests using Velo News, which shows coins that might be directly impacted by every news headline, a summary of the news, its source, and relevant price charts.
Following Experienced Traders
- Learning from Experts: The report advises following experienced narrative traders for investment ideas. However, it warns against blindly copy-trading them and emphasizes the importance of building one’s own investment thesis.
Actionable Insights
- Utilize Available Resources: Investors should make use of the resources suggested in the report, such as DeFillama’s Daily News Roundup, Twitter lists, Binance Research’s analyses, and Velo News, to stay updated with the crypto market.
- Follow Experienced Traders: Investors can learn from experienced narrative traders and gain insights into potential tokens with major catalysts on the horizon. However, they should also conduct their own research and build their own investment thesis.
- Stay Alert to Market Movements: Given the dynamic nature of the crypto market, investors should stay alert to market movements and news that could potentially impact their investments.
