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- 💣 $DOGE, $PEPE, Then What?
💣 $DOGE, $PEPE, Then What?
SoLunAvax is back | Celestia outperforming | dYdX listing more assets
A weekly recap of the largest crypto events and narratives, with an extra dose of insight.
Here’s what we have for you:
SoLunAvax is back
Celestia outperforming the market
Solana capital efficiency
Coinbase credentials
dYdX listing more assets
Ethena Labs introduces the internet bond
GM Raiders. Leverage is so back. Funding rates are at an all time high, and the leverage is on. $SOL keeps ripping up, with no signs of slowing down. Similarly, another large outperformer of the week is Celestia’s $TIA, which is up more than 80% in two short days. As usual, don’t go too crazy on the leverage, as we’re seeing a lot of volatility in the markets.
Playing narratives is one of the easiest ways to trade in crypto. If you remember the memes from last cycle of SoLunAvax, there’s an easy way to trade that. $SOL has been on an absolute tear, and thus, people will remember the SoLunAvax meme, and bid up $LUNA and $AVAX after. Memes are powerful, never forget that.
-RektRadar
More Solana. $SOL has been the largest outperformers, and it certainly has its reason for doing so. One of the reasons could be Solana’s crazy low transaction costs, high throughput, and its capital efficiency. For example, the SOL/USDT pair saw $40M in volume on roughly $1M of liquidity. You don’t get to see that very often in Ethereum land.
Don’t let TVL mislead you. Something can have low TVL, but a high degree of capital efficiency. For example, this SOL-USDC pool on Lifinity, which has a capital efficiency of 206x, and a net APR of 402.13%.
Coinbase releases credentials
Coinbase has released verifications. Users can attest to account and country credentials onchain. This functionality is available to the 110M+ verified Coinbase users.
This could be a key unlock, allowing developers to discriminate between regions, and also could be the starting point for a wider decentralised identity system.
dYdX more assets coming
The dYdX chain is live, but trading is not enabled yet. However, it will be soon. 100% of fee revenue will go to stakers, and there’s $20M worth of rewards being used to incentivise trading, staking, bridging, and more.
In addition, dYdX has a new proposal to list a lot more assets. Traditionally, dYdX hasn’t had the widest perp offering, so listing assets such as ARB, OP, PEPE, and more could be a great catalyst for trading activity.
Ethena introduces the internet bond
Treasury bonds are all the rage right now, with interest rates at a staggering 5.5%. What if there’s a way to offer similar bonds, with a crypto native rate of return, and decentralised?
Ethena Labs is announcing the new internet bond. A USD denominated bond, created using a synthetic dollar position, with an embeded yield from short funding rates and stETH interest.
Crypto stocks?
Every ecosystem needs its own memecoin. And memecoins obviously have to fit into a specific narrative. In the peak of the bull market when dogs with Elon Musk was all the hype, $DOGE hit a $88B market cap. Yes, B with a billion. Sometimes I forget how crazy the bull market was.
The memecoin of the bear market thus far has undoubtedly been $PEPE, reaching a market cap of $1.5B at its peak. Well since it’s Solana season, what’s the memecoin of Solana? It’s $BONK, currently sitting at a comfy $100M market cap. If you think Solana continues to rip into the next bull, $BONK could be the ultimate beta play.
What if it’s really a Solana super cycle?
Solana supertoken cycle. It’ll be the most hated rally. The meme coin that will benefit the most will not be shib doge Pepe. It’s bonk. 30B mcap target
— 941 (@level941)
4:27 PM • Nov 11, 2023
$SHRAP, a FPS on Avalanche look very very clean. With $AVAX ripping up and as a GameFi project, could be a good play.
「 In SHRAPNEL, players compete as Operators in the Sacrifice Zone, extracting valuable resources in a tense, high-stakes, competitive environment that encourages risk-taking and rewards skill. 」
— SHRAPNEL 🔺 (@playSHRAPNEL)
6:00 AM • Nov 11, 2023
Telegram wallet is rolling out globally. Yes, there’s a token. $TON.
"I'm happy to announce that the global rollout of Wallet in Telegram starts today.
It's a very exciting moment, and our team worked very hard.
We're starting with selected countries in Africa, expanding to MENA, EE, and Asia in Q1 2024, and to the entire world by Q2 2024."
-… twitter.com/i/web/status/1…
— TON 💎 (@ton_blockchain)
9:02 AM • Nov 10, 2023
Magic Eden could have a potential airdrop
🚨 Magic Eden - Airdrop Confirmed 🚨
They have secured an impressive $170M
Don't miss out on your chance to grab some $MAGIC
🧵👇
— Money Bunny (@MoneyCrptBunny)
5:40 PM • Nov 10, 2023
Gaming tokens that are pumping
Gaming tokens are pumping
Keep in mind that most of these tokens have other value accrual entities (equity, NFTs, other tokens) that dilute the entire value. Thus, the market cap you see is only a fraction of the entire ecosystem valuation
Additionally, the legal equity entity… twitter.com/i/web/status/1…
— Vader (@VaderResearch)
6:59 AM • Nov 10, 2023
CoW Swap releases programmatic orders. There may be a fee switch coming too, which is why the token has been pumping.
CoW Swap is excited to announce the launch of an entirely new class of orders. We call them Programmatic Orders. ✨
Programmatic Orders execute automatically, in perpetuity, according to the conditional parameters you set.
Let's dive in. 🤿
— CoW Swap (@CoWSwap)
9:58 PM • Nov 9, 2023
Could $TIA be the next $SOL?
Is $TIA the next $SOL? A pumpamentals analysis:
First learned about $TIA through the airdrop I got, and then @ZoomerOracle has been relentless in his bullishness, so I simply submitted to the narrative.
However, is there more?
How high can $TIA go?
thread in progres...
— Tyrogue (@TyrogueD)
10:21 AM • Nov 12, 2023
Leading thesis for the next bull run
I probably shouldn’t be tweeting this on a Friday night, but my current leading thesis for the next bull run is around CeDeFi
Small CEXs and non-custodial wallets tap the massive liquidity of on-chain DEXs and money markets to offer better execution, lower fees, and better user… twitter.com/i/web/status/1…
— Tyler Reynolds (@tbr90)
3:01 AM • Nov 11, 2023
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