🌊 Wave Wisdom - January 26th, 2024

DATA
Key Prices

BTC $41,303 (2.87% 24h)

ETH $2,256 (1.17% 24h)

SPY $487.575 (0.54% 24h)

DATA
Market Overview

Total Market Cap $1.60T (2.31%)

Total Volume $50.67B (4.61%)

BTC Dominance 50.67% (0.23%)

ETH Dominance 16.96% (-0.21%)

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

JUSDC (1day lock) on Jones DAO with $11.17m TVL and 70.58% APY

MKUSD-USDC (Prisma) on Beefy with $7.26m TVL and 62.80% APY

IDAI-IUSDC-IUSDT on Curve DEX with $5.69m TVL and 62.32% APY

USDC-USD+ on Aerodrome with $3.46m TVL and 48.40% APY

EUSD-USDC on Aerodrome with $3.2m TVL and 42.10% APY

MIM-ARBUSDCE-USDT (... on Beefy with $3.18m TVL and 38.17% APY

DOLA-USDC on Aura with $2.8m TVL and 34.61% APY

IDAI-IUSDC-IUSDT on Convex Finance with $2.65m TVL and 33.42% APY

DOLA-USDC on Aerodrome with $2.63m TVL and 32.67% APY

USDC-MAI on Aerodrome with $2.36m TVL and 28.44% APY

NEWS
Talk of the Town

Diving into today's newsletters, we're sifting through the digital landscape to bring you the insights that matter. No fluff, just the stuff you need to know.

Linn's Ledger #140 is schooling folks on market cycles, emphasizing the emotional rollercoaster of fear and greed that traders ride. They're preaching the gospel of long-term thinking and warning against the perils of leverage in these volatile times.

Meanwhile, The Daily Degen is shining a spotlight on Pike Finance, a no-VC, bootstrap project that's making waves in interoperability and airdrop meta. They're also keeping an eye on TVL movers and shakers, trending tokens, and the usual suspects of scams and security alerts.

Revelo Intel is all about that $TIA staking game, weighing the pros and cons, and dropping knowledge on Celestia's airdrop action.

They're teasing an interview with LandX's CEO and highlighting the rise of points programs across various chains. They're also hinting at a price hike for their memberships, so if you're looking to join their ranks, now's the time.

CryptoShiro is dishing out the deets on airdrop hunting, with a focus on EigenLayer restaking and Kelp. They're giving you the lowdown on how to earn double rewards and pointing you towards some zero-cost testnet strategies that could pay off big. They're also mapping out mainnet strategies for the big players like Cosmos and Solana, and dropping bonus content on projects to watch.

So, keep your eyes peeled and your strategies sharp. Check out the sources for the full scoop.

Linn's Ledger #140 The Daily Degen- January 25th, 2024 Revelo Intel - $TIA Staking Pros & Cons CryptoShiro - Airdrops to Hunt

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: 55 (-5.2% 24h Δ)

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

@deltaxbt expressed mixed feelings; relieved to have closed a short position profitably and was waiting for a daily close to assess market direction. Then hinted at bullishness if the weekly closed above the yearly open around 43k, but noted the daily chart looked bearish.

@crypto_iso shared insights on market dips, implying that it might be time to act when BTC and alts take a significant hit.

@SalsaTekila indicated a high conviction for a market bottoming and reflected a bullish outlook without the intention to overleverage.

@Etherean007 seemed to be venting frustration over 'bullshit coins', promoting a new community DAO coin with Ethereum.

@Awawat_Trades shared a bit of sarcasm on volume disappearing and quoted others, underlining market concerns.

@CryptoParadyme’s tweets varied from teasing bearish sentiments to sharing others' comments on market moves and personal trades.

@CryptoKaleo shared an optimistic view on SocialFi, particularly about Pudgy Penguins.

@RunnerXBT's comments seemed a mixture of sarcasm and mild frustration over market stagnancy.

@Bluntz_Capital shared a brief success story on a 100% increase on $WIF over three days.

@Tradermayne admitted to an unprofitable position with ongoing bullish expectations.

In summary, the sentiments swing between caution and opportunistic bullishness, with a focus on market retests, potential bottoms, and personal convictions amidst a landscape of frustration with certain market aspects.

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 (13.3% 24h Δ)

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

@anger_trading is bullish on $SOV, seeing it as an undervalued project within the SovrynBTC ecosystem that's just starting to gain attention, and he's mocking the concept of a "fair launch" in the space. He also hints at $BTC-related projects being a dominant narrative this year, suggesting a connection between $SOV and $BTC developments.

@ChadCaff is all about $MAGNET, praising its consistent delivery and fully working product, suggesting the price will soon reflect its solid fundamentals.

@defi_antcrypto is deep-diving into $VEC, drawing parallels to $OHM and speculating on its potential, highlighting improved mechanics, liquidity bootstrapping, and pre-bull status. He's staking his $VEC and waiting for the right moment to sell, possibly when yield screenshots flood the market.

@Crypt0_Andrew points out a trend where new CEX launches and liquidity bootstrapping pools (LBPs) are the smart plays, with $VEC among others being the tokens to watch. However, he warns of potential dilution and performance issues as more LBPs launch.

@ItsAverageJO is buying into $SMT, seeing opportunity in the wake of an exploit, and is also discussing new partnerships in the sector that could signal the next wave of institutional capital involving KYC.

@BlocksNThoughts is keeping an eye on $LYVE, a lending platform on @LineaBuild, and he's also highlighting the potential of gaming products to overperform in the bull market.

@Govanisher expresses gratitude to those who sold $CAD, as he's taken the opportunity to increase his position.

@CryptoKaduna lists his top bags as $INJ, $TAO, and $KAS, and shares info about the $INJ burn auction.

@crypto_popseye is scouting new launches and is particularly interested in projects like $INSC, $VEC, and others within the Bitcoin ecosystem, such as $10n8BRC20 and @OrangeCryptoHQ.

@TheEuroSniper is excited about $ZIG and has also sniped a BRC20 launch, $ODGN, which focuses on cross-chain swaps.

@0xdetweiler is holding onto a community-run blockchain project on @0LNetwork, praising its no-VC policy and consistent volume.

Overall, the tokens with the most buzz are $SOV, $MAGNET, and $VEC, with $VEC being the standout due to its potential as a liquid restaking play and its connections to $OHM.

Mentioned Coins

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

Shib Original Vision ($SOV ) | Meme

Bitcoin ($BTC ) | FTX Holdings

Yield Magnet ($MAGNET ) | Ethereum Ecosystem

Olympus ($OHM ) | Decentralized Finance (DeFi)

Smart Marketing ($SMT ) | Ethereum Ecosystem

Lyve Finance ($LYVE ) | Ethereum Ecosystem

Cadence Protocol ($CAD ) | Canto Ecosystem

Injective ($INJ ) | Binance Launchpad

Bittensor ($TAO ) | Artificial Intelligence (AI)

Kaspa ($KAS ) | Layer 1 (L1)

INSC (Ordinals) ($INSC ) | BRC-20

Zignaly ($ZIG ) | Injective Ecosystem

SELL THE TOP
Coinbase App Store Ranking

When this hits #1 the top may be in. Until then, we grind.

Overall Ranking

#475 (-4.62% 24h Δ)

Finance Category

#40 (-21.21% 24h Δ)