Renowned crypto data and research firm Messari has released its “Messari Theses 2024” report, which also discloses the holdings of several Messari analysts, including their most profitable positions, most loss-making positions, current token holdings, and their preferences for certain sectors or concepts.
Overview:
In general, Messari analysts have followed the predictions and ideas shared in the annual report. They are bullish on Bitcoin and Solana, and optimistic about AI tokens. Most analysts hold SOL or related ecosystem tokens, followed by AI concept tokens like OLASAKTTAORNDR. Messari’s 2024 trend report is bearish on Ethereum, but most analysts still hold ETH as a beta asset. However, one analyst, Kel, believes his biggest loss in 2023 was not selling ETH quickly enough.
Analysts’ Holdings:
TBI:
Most Profitable: GBTC, SOL
Most Loss-Making: Popular VC coins, and why can’t I abandon ZEC?
Holdings: BTC, ETH, SOL
Likes: You reading this report
Maartje:
Most Profitable: RNDR
Most Loss-Making: Parting ways with CRV
Holdings: BTC, ETH, RNDR
Likes: DePIN
Dustin:
Most Profitable: SOL, OLAS, NOS
Most Loss-Making: USDC
Holdings: SOL, OLAS, NOS, LIKE, HBB
Likes: Cryptocurrencies related to artificial intelligence
Kunal:
Most Profitable: RUNE, AKT, TAO
Most Loss-Making: PEPE
Holdings: ETH, TIA, RPL, AKT
Likes: EigenLayer and re-staking protocols. The demand for security drives the value of L1 assets, and EigenLayer significantly expands Ethereum’s security market.
Sami:
Most Profitable: RNDR, AKT, TAO
Most Loss-Making: Not buying more TAO
Holdings: BTC, ETH, SOL, HONEY, TAO, RNDR, AKT, LPT
Likes: DePIN and decentralized artificial intelligence as killer applications for cryptocurrencies. ZK co-processors will bring crypto applications to the same level as Web2 applications in terms of functionality and performance.
Ally:
Most Profitable: SOL, TIA, RNDR, MKR
Most Loss-Making: MATIC
Holdings: SOL ecosystem tokens, memes on Ethereum
Likes: Networks and applications with relatively fewer zombie/fake user activities, innovation and development trajectory of consumer applications
Steph:
Most Profitable: PEPE
Most Loss-Making: MARBLES
Holdings: BITCOIN (HPOS10), TIA, ETH, BTC, SOL
Likes: Infrastructure and MEME
Kel:
Most Profitable: SOL
Most Loss-Making: Not selling ETH quickly enough
Holdings: SOL, Solana ecosystem tokens, NFTs, LIKE
Likes: Solana ecosystem projects. Token valuations may overheat in the short term, but the reality is that most people have only recently developed a fondness for Solana. I expect this trend to continue in the medium to long term.
Seth:
Most Profitable: RNDR, SOL
Most Loss-Making: ALCX
Holdings: BTC, ETH, SOL, RNDR, LPT
Likes: Bringing off-chain computation and state to on-chain applications, key management infrastructure
Toe:
Most Profitable: AKT
Most Loss-Making: HAMS
Holdings: AKT, TAO, SOL + Solana ecosystem, DYDX
Likes: DePIN finding product-market fit, Solana protocol and new charts, derivative DEX (VRTX, AEVO, Hyperliquid), ZK co-processors, some DeFi (Ethena Labs, OSMO, SOMM)
Mihai:
Most Profitable: RNDR, SOL
Most Loss-Making: ATOM
Holdings: BTC, ETH, SOL, RNDR
Likes: Zero-knowledge machine learning, key management solutions, scalability solutions
JTVL:
Most Profitable: GBTC
Most Loss-Making: ATOM, not riding the RWA train
Holdings: BTC, ETH, SNX, PENDLE, LBR, GNS, LINK, LQTY
Likes: RWAs and LST bringing more on-chain yields, LSTFi and sustainable DEX as growth areas, especially the latter at reasonable prices. Value storage by measuring wealth in Satoshis.
Nick:
Most Profitable: AKT
Most Loss-Making: SYN
Holdings: AKT, TAO, SOL + Solana ecosystem, DYDX, ILV, SYN
Likes: Mobile applications, EIP-4844, ETH chain abstraction, redirects and LST, as well as meme coins related to elections.
Peter:
Most Profitable: SOL, Mad Lads
Most Loss-Making: Boss’s friend.tech key
Holdings: SOL, BONK, ETH, COIN
Likes: Solana ecosystem
Red:
Most Profitable: COIN
Most Loss-Making: XMR
Holdings: BTC, ETH, XMR
Likes: Alt-VM Ethereum Rollup for capturing Ethereum users and liquidity without being affected by the EVM. Programmability of Bitcoin for developer experiments and trust-minimized Bitcoin liquidity access. AI-driven DePIN narrative.
Micah:
Most Profitable: COIN, PEPE
Most Loss-Making: LYX
Holdings: BTC, ETH, SOL, AKT, RNDR, LYX, $COIN
Likes: ZK processors, perpetual contracts, programmability of Bitcoin, account abstraction.
AJC:
Most Profitable: BTC
Most Loss-Making: Chasing meme coins
Holdings: BTC, ETH, LINK, ARB, Milady, WINR, GMX, GRAIL
Likes: SocialFi/Reputation layer (friend.tech), perpetual contracts, capturing market share from CEXs with on-chain options, capital flowing from Ethereum to other L2s after the Dencun upgrade, ETF approval for BTC and ETH, and GambleFi.
Mike:
Most Profitable: BTC.D and Remilia NFTs
Most Loss-Making: friend.tech keys
Holdings: BTC, ETH, SOL, Remilia NFTs
Likes: New cycle tokens: TAO, TIA, and SOL. Crypto culture continues to prevail: Remilia NFTs and SocialFi/Gambling/Prediction Market 2.0 (all the same).
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