🌊 Wave Wisdom - January 17th, 2024

DATA
Key Prices

BTC $42,658 (-0.55% 24h)

ETH $2,540 (0.49% 24h)

SPY $475.26 (-0.37% 24h)

DATA
Market Overview

Total Market Cap $1.68T (-0.05%)

Total Volume $58.80B (7.38%)

BTC Dominance 49.64% (-0.18%)

ETH Dominance 18.14% (0.11%)

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 $30.08m TVL and 40.01% APY

GDAI (For LP | Matu... on Pendle with $15.29m TVL and 39.60% APY

IDAI-IUSDC-IUSDT on Curve DEX with $5.84m TVL and 39.06% APY

USDC (USDC lending ... on DeltaPrime with $4.88m TVL and 34.93% APY

FRAX (Aggressive) on Vesper with $4.55m TVL and 32.28% APY

DOLA-USDC on Aura with $3.78m TVL and 31.92% APY

MIM-ARBUSDCE-USDT (... on Beefy with $3.48m TVL and 31.59% APY

IDAI-IUSDC-IUSDT on Convex Finance with $2.65m TVL and 29.47% APY

USDC-MAI on Aerodrome with $2.35m TVL and 29.13% APY

USDC on HoldStation DeFutures with $2.13m TVL and 26.74% APY

NEWS
Talk of the Town

Let's break down today's newsletters. We cut through the noise and just give you the info you need.

Berachain's Airdrop Tutorial: The buzz is all about Berachain's "March of the Beras" airdrop. If you're savvy enough to use a separate wallet for these gigs, you're already ahead of the game. The step-by-step guide is a no-brainer: hit up Galxe, add Berachain network, follow, retweet, and grab those Bera Tokens from Artio faucet. Then, play around with the testnet, get your hands on some honey, and dive into governance. Want more? Anon234's got a guide for those ready to throw down a grand for potentially fatter airdrop returns. Deposit, create a Mantle profile, and supply to Minterest. And don't sleep on the gameified airdrop trend—NFTs and leaderboards are the future, and early birds might just catch the worm.

Kelp DAO's Liquid Restaking: Kelp DAO's shaking things up in the liquid restaking world. It's the brainchild of Stader Labs' founders and is making staked assets more liquid and accessible.

With $170 million TVL, Kelp DAO's contracts are tight, and the one-way info flow means your funds are secure. They're even queuing assets for EigenLayer's deposit caps, so you're always in the game. Keep an eye on this one; it's got legs.

2024's Drop Fest: Frame's new chain for creatives and Jupiter's $JUP token are dropping on January 31st, and Rabby might be snapping a pic for a snapshot. Solana's cooking up a cheaper phone, and ZeroLend's making waves on Manta Network. It's like Teacher's Day in Thailand—everyone's learning and earning.

Celestia's $TIA Token: Celestia's not just another blockchain; it's a DA layer game-changer. The $TIA token's got the community buzzing like OHM's (3,3) did back in '21. Stake TIA, ride the airdrop wave, and keep your eyes peeled for the sell signal. Just remember, what goes up must come down, so don't get caught with your pants down when the bear market hits.

For the full scoop, check the sources: BowtiedBull, Linn's Ledger, Revelo Intel, GetMoni Talks, and Humble Farmer Army Newsletter.

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: 85 (13.3% 24h Δ)

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

@Bluntz_Capital is suggesting a bullish stance on $SOL, anticipating a move up to or beyond $140. He views recent price action as a base for a potential uptrend.

@Etherean007 expressed a bullish sentiment on $LYX, highlighting the ecosystem's growth despite a lack of major exchange listings, and anticipates price discovery to follow user adoption.

@CryptoCred commented on the "doom loop" of trading advice within CT, implying skepticism about the repetitive nature of such guidance.

@Etherean007 also hinted at an imminent bullish move for $RNDR, suggestive of strong buyer accumulation in the $3.70-$.80 range.

@Tradermayne provided a bullish outlook for $ETH, implying an upward trajectory regardless of short-term movements, while also pointing out that strategic patience in trading pays off.

@Pool2Paulie hinted at frustration with the current market, calling for SOL to lead and for bulls to step up, and reflected on the value of identifying market phases like distribution or reaccumulation.

@Pentosh1 underlined the importance of conviction and holding strong in beneficial trades, even amidst market fluctuations.

@SalsaTekila expressed bullishness, mentioning the market's denial of momentum and considering revising his already optimistic targets.

@CryptoParadyme shared anticipation for a bounce in TSLA stock and highlighted cost efficiency in large transactions by Blackrock using blockchain technology.

Overall, several ct traders are anticipating bullish movements across various assets, with a particular focus on $SOL, $LYX, and $ETH, while also recognizing the need for strategic patience in a volatile market.

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: 85 (30.8% 24h Δ)

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

@TheEuroSniper is keeping an eye on $AQTIS, predicting a fast multiplication if it breaks its current range. The same gem hunter is also bullish on $FAR, expecting it to be one of the biggest Web3 gaming launches this year, and has been invested since last year. Additionally, @TheEuroSniper believes $IXS is undervalued with its Real World Asset (RWA) ties, especially after Larry Fink subscribed to their newsletter, and sees $FI continuing its uptrend throughout the cycle. $HMX is also on the radar due to its significant volume and user growth.

@Cryp__toad is pushing $CROWN as a bullish bet before it runs up and sees big potential in $KUJI. The gem hunter also hints at significant partnerships for $WNT in the telecom industry and suggests the current dip is a buying opportunity. Furthermore, $RWN is expected to have an incredible run despite any FUD because of its recent award-winning partner.

@CryptoKaduna is waiting for the $INJ smartphone and has taken a position in $TAO, hinting at its potential in leading the AI narrative. The same user also highlights $ORAI as looking good and is confident that $CROWN will pump their bag.

@ChadCaff sees $FAR as a winner this bull cycle and believes $BANANA will capture a significant volume on Solana, especially with sniping.

@crypto_popseye and @Cryp__toad are tagging bullish sentiment around $WNT, with @crypto_popseye citing it as a high conviction play. They believe RWA/Depin, AI, and a mix of gamefi/gamblefi will be leading narratives.

@defi_antcrypto urges looking into $SPOOL, anticipating it to facilitate the onboarding of traditional finance into DeFi and explode past a $1 billion valuation.

@CryptoDet_, @anger_trading, and @BlocksNThoughts didn't highlight specific tokens but engaged with the community on various topics.

Multiple mentions of a token, like $WNT, $FAR, $IXS, and $TAO, indicate a stronger collective interest among gem hunters. The analysis for these tokens includes potential partnerships, industry recognition, and the anticipation of significant market movements based on technological advancements or financial pipelines.

Mentioned Coins

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

AQTIS ($AQTIS ) | Ethereum Ecosystem

Farmland Protocol ($FAR ) | Ethereum Ecosystem

IX Swap ($IXS ) | Poolz Finance Launchpad

Fideum ($FI ) | BNB Chain Ecosystem

Hermes DAO ($HMX ) | Decentralized Finance (DeFi)

Crown by Third Time Games ($CROWN ) | Animal Racing

Kujira ($KUJI ) | Kujira Ecosystem

Wicrypt ($WNT ) | DePIN

Rowan Coin ($RWN ) | Energy

Injective ($INJ ) | Binance Launchpad

Bittensor ($TAO ) | Artificial Intelligence (AI)

Oraichain ($ORAI ) | Big Data

ApeSwap ($BANANA ) | Decentralized Exchange (DEX)

Spool ($SPOOL ) | Yield Aggregator

SELL THE TOP
Coinbase App Store Ranking

When this hits #1 it’s time to sell, until then we grind.

Overall Ranking

#341 (18.23% 24h Δ)

Finance Category

#25 (10.71% 24h Δ)