🌊 Wave Wisdom - January 6th, 2024

DATA
Key Prices

BTC $43,707 (-0.16% 24h)

ETH $2,241 (-0.08% 24h)

SPY $467.49 (0.14% 24h)

DATA
Market Overview

Total Market Cap $1.65T (-0.88%)

Total Volume $60.64B (-22.89%)

BTC Dominance 52.04% (0.35%)

ETH Dominance 16.36% (0.12%)

DATA
Chain TVL

DATA
Protocol/Chain Fees (24h)

The key to reading this graphic is to look for new entrants. This shows they are gaining adoption.

DATA
CEX Inflows & Volume

In order by assets

YIELD
Stablecoin Yields

Criteria: Stablecoins in audited pools with 20% or higher APY and greater than $200k TVL

DAI on Gains Network with $22.63m TVL and 66.42% APY

GDAI (For LP | Matu... on Pendle with $9.13m TVL and 46.85% APY

SENTIMENT
Trader Thoughts

We bring you the best thoughts from top traders and assign a score to their bullishness. 1 being max bearish and 100 being max bullish.

Bullishness Score: 75 (66.7% 24h Δ)

Let's dive into the ct traders' market outlook over the past 24h.

@Pool2Paulie isn't wasting any time on ETF hype or halving bullshit, calling out the attention spans in crypto and signaling bullishness based on liquidity cycles, expecting a fucking pump hard enough to tear your face off in the next 12 months.

@Pentosh1 teasing a nice little drift upward for Bitcoin over the weekend, turning eyes towards Monday for some sumptuous gains.

@trader1sz is keeping an eye on $PYR at a critical support level, suggesting a potential bounce or a short-term shitshow if it breaks lower.

@Bluntz_Capital talks up $LDO and $TKST, noting a glorious accumulation phase and implying these could pop off nicely in this cycle.

@CryptoParadyme's is selling calls on $COIN like it's hotcakes, banking on premium decay, and giving credit to corporate crypto's fun side.

@crypto_iso hints that altcoins that shat the bed might just slap the shit out of late sellers over the weekend, and reposts some news about a Bitcoin ETF clearing a hurdle.

@Awawat_Trades paints a crude picture of institutional trading desks possibly milking retail traders prices down for a better Monday rebuy, framing the market as a player-versus-player shitshow.

@TraderKoz pokes at the consensus that the ETF might be a 'sell the news' event, suggesting it might fuck with expectations.

@RunnerXBT's tweets suggest anticipation for a pre-CME pump but notes, don't get your hopes up for anything significant until then.

Remember, these are mere tweets, not gospel, so keep your wits sharp and your bullshit detector on high.

SENTIMENT
Gem Hunter Thoughts

We bring you the best thoughts from top gem hunters and assign a score to their bullishness. 1 being max bearish and 100 being max bullish.

Bullishness Score: 75 (15.4% 24h Δ)

Let's dive into what the gem hunters on ct are eyeing over the past 24h.

@Cryp__toad is highlighting $NEON, noting its increasing trade volume and the potential for more dapps to drive further volume, suggesting a bullish outlook based on platform growth and utilization.

@CryptoKaduna shared enthusiasm for $TKST, pointing out its team of former $ETH developers and a grant from Ethereum, coupled with a revenue-sharing model that pays out daily, indicating a strong team and investor-friendly tokenomics.

@Crypto_Shaggy teased interest in $KOI for "tomorrow," hinting at an upcoming event or milestone that could impact the token's performance.

@CryptoKaduna and @anger_trading both mentioned $IBIT and $CHAT, respectively, with a focus on the potential for widespread attention and community-driven initiatives, suggesting these tokens could gain traction through increased visibility and engagement.

@CryptoKaduna also emphasized a bullish stance on fundamentally strong assets like $RUNE and $RNDR, preferring spot positions over leverage, which aligns with a more conservative, long-term strategy.

@V2Chenz discussed $ROSE of the @OasisProtocol, mentioning personal research and developments in the ecosystem, indicating a belief in the protocol's potential growth.

@kevSandersonz noted $LAI's role in AI data management and privacy infrastructure, suggesting that supporting technologies for decentralized AI could be significant in the future.

@BlocksNThoughts talked about $CX from @ChartAI_erc, impressed by their ambitious Q1 roadmap and previous delivery, hinting at high expectations for the project's progress.

@CryptoKaduna is eyeing the Tectum blockchain's first incubated project and anticipates more to come, signaling confidence in $TET's price discovery phase.

@anger_trading is convinced about the narrative and team behind $RKR of @ReaktorToken, suggesting that dedication and work ethic are key indicators of a project's trustworthiness.

@anger_trading also sees $WSKE of @wiskerstrade as a unique opportunity with no competitors, indicating a potential game-changer if the team delivers.

@thedefivillain pointed out the resilience of $ARB, despite its bleeding against BTC, suggesting that altcoins with higher lows versus BTC might be easier to buy.

@Crypt0_Andrew believes that the next restaking token will perform well, with $RSTK being the first-mover, and is on the lookout for early opportunities in similar tokens.

Multiple mentions of certain tokens, like $NEON, $TKST, and $RKR, suggest a higher level of interest and potential consensus among ct gem hunters. The analysis provided by the gem hunters often revolves around team pedigree, platform development, ecosystem growth, and tokenomics, which are critical factors for their bullish sentiments.

Mentioned Coins

Disclaimer: This process is automated, so the links may be different than the coin actually mentioned.

Neon ($NEON ) | Solana Ecosystem

TokenSight ($TKST ) | Ethereum Ecosystem

Bridged Binance-Peg Ethereum (opBNB) ($ETH ) |

KOI ($KOI ) | Solana Ecosystem

InfinityBit Token ($IBIT ) | Ethereum Ecosystem

BeeChat ($CHAT ) | Ethereum Ecosystem

THORChain ($RUNE ) | Bridge Governance Tokens

Render ($RNDR ) | DePIN

Oasis Network ($ROSE ) | Smart Contract Platform

LayerAI ($LAI ) | DWF Labs Portfolio

ChartAI ($CX ) | Ethereum Ecosystem

Tectum ($TET ) | Layer 1 (L1)

Reaktor ($RKR ) | Ethereum Ecosystem

Arbitrum ($ARB ) | Arbitrum Ecosystem

Restake Finance ($RSTK ) | Ethereum Ecosystem