🌊 Wave Wisdom - February 9th, 2024

DATA
Key Prices

BTC $47,257 (5.77% 24h)

ETH $2,502 (3.33% 24h)

SPY $498.1 (0.04% 24h)

DATA
Market Overview

Total Market Cap $1.78T (4.09%)

Total Volume $65.22B (14.58%)

BTC Dominance 52.05% (0.71%)

ETH Dominance 16.92% (-0.14%)

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

GDAI (For LP | Matu... on Pendle with $14.98m TVL and 58.49% APY

MIM-USDC-USDT on Abracadabra with $14.36m TVL and 51.34% APY

JUSDC (1day lock) on Jones DAO with $9.13m TVL and 31.65% APY

FRAX (Aggressive) on Vesper with $5.93m TVL and 28.67% APY

USDC (USDC lending ... on DeltaPrime with $4.72m TVL and 27.01% APY

MIM-ARBUSDCE-USDT (... on Beefy with $3.05m TVL and 25.53% APY

DOLA-USDC on Aura with $2.5m TVL and 24.36% APY

USDC on AAVE V3 with $2.41m TVL and 23.43% APY

USDC on HoldStation DeFutures with $2.08m TVL and 22.13% APY

USDC-USX (stable - ... on Velodrome V2 with $1.8m TVL and 21.03% APY

NEWS
Talk of the Town

Alright, let's dive into today's newsletters and sift out the bullshit. First up, SilentDAO is on the rise, crafting some slick privacy tools for EVM-compatible chains. Keep an eye on their Twitter for the latest. Meanwhile, TVL's ballooning across several blockchains, with ETH Mainnet, Sui, Aptos, Mantle, and Celo leading the charge. Humble Defi and Puffer Finance are just a couple of the big dogs in this space.

Disney's chucking a hefty $1.5 billion into Epic Games, hinting at a metaverse play. Bitcoin's smashing past $47k, but let's not get sidetracked by shiny price tags. PYTH Network's airdrop is still on the table, and Moby's just bagged a fat stack of ETH in record time. ENS is beefing up with its own Layer 2 solution, so that's worth a gander.

Farcaster's the new kid on the block, a decentralized social network that's got everyone talking. It's racking up users and reactions like they're going out of style, and their "Frames" feature is a game-changer for app development. They're even throwing $DEGEN tokens around like confetti for active users.

And don't sleep on SaucerSwap, the big fish in the Hedera DEX pond. They're rolling out some fancy new features that could shake things up.

Remember, scams are a dime a dozen, so keep your wits about you. Now, go check out the sources for the full scoop:

The Daily Degen Get Moni Talks The Def Investor

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: 95 (26.7% 24h Δ)

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

@RunnerXBT is fucking bullish, practically screaming that bears are screwed with the market making new highs and suggesting there's no solid bearish thesis with inflows continuing strong. Suggests that being bearish equals being an angry, revenge trading fucker.

@deltaxbt seems to regret not taking a range reclaim long at 41k after a successful short, indicating a bit of fuck-up due to bias, and observing weekly resistance with interest. The thought is we could be retesting highs, but he doesn't seem to be jumping the gun.

@RookieXBT is amped about Bitcoin ETF inflows, calling the $400 million in net inflows fucking insane and indicative of a very bullish market.

@CryptoDonAlt isn't seeing any good reason to be fucking bearish on BTC unless it drops below $44k.

He's dismissing other trades as dogshit compared to that simple play.

@Bluntz_Capital is loving the price action on $WIF and hints that $BTC is leading a charge upward that seems impulsive, possibly indicating further bullishness.

@SalsaTekila points out that the market is recognizing the success of the BTC ETF with bitcoin crawling to new highs and expects ETH to follow suit. He's shitting on paid group leaders who recommended hedging and selling at the worst fucking time.

@Tradermayne warns against blind shorting in the absence of market weakness, using the common sense approach not to bet against a market showing no signs of slowing down.

Various other traders (@CryptoParadyme, @Awawat_Trades, @crypto_iso) shared insights or retweeted notable points, often focusing on inflows, market performance, and highlighting individual coins and trades—but the overarching sentiment is that bullishness is prevailing and any bearish thoughts are borderline ridiculous.

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.

@CryptoKaduna is bullish on Bitcoin, hinting at a price target of 47k and suggesting a "higher for longer" trajectory. The mention of $TAO hitting $500 also indicates optimism for its performance.

@TheEuroSniper sees a bottom for Bitcoin and is optimistic about $AIT joining the Bittensor Neural Network. Additionally, $ZIG is on the radar for flipping before new ATHs, and $PNF is recognized for a significant move, indicating a bullish sentiment on these tokens.

@ItsAverageJO is waking up to the potential of $NOIA, predicting increased attention in the coming months, signaling a bullish outlook.

@anger_trading is championing $OS from @ethereansOS for its superior technology and notes that market participants are catching up to its fundamental analysis.

@thedefivillain, despite a short-term bearish bias, remains net long on perps and sees potential in $JUP for a future pump but also acknowledges the possibility of further dumps. Additionally, a bullish signal is sent for $ID with the mention of a second squeeze on the chart.

@defi_antcrypto celebrates a successful call on $TROVES, noting a 10x since sharing on Twitter and 15x since the call in his Telegram group. He also hints at interesting developments for $TROVES in the wake of the #ERC404 trend.

@ChadCaff suggests keeping an eye on $WINR from @WINRProtocol, emphasizing its undervaluation and unique position in the GameFi sector.

@CryptoKaduna also repeatedly emphasizes the "higher" trajectory for Bitcoin, suggesting strong confidence in its upward movement.

@Govanisher predicts $BTC will increase market dominance until it breaches ATH, indicating a bullish stance on Bitcoin.

@TheEuroSniper is accumulating $SECT and $LENDS, signaling potential upside for these tokens.

@ChadCaff provides an extensive analysis of $ROSY on the Sapphire network, outlining its potential as a first mover in the meme coin space on @OasisProtocol, and provides a how-to for interested investors.

@QuantMeta makes a brief mention of LBP season, possibly indicating a trend to watch.

These are the tokens and insights from the crypto gem hunters, with multiple mentions suggesting a stronger consensus on their bullish sentiment.

Mentioned Coins

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

Bittensor ($TAO ) | Artificial Intelligence (AI)

AICHAIN ($AIT ) | Ethereum Ecosystem

Zignaly ($ZIG ) | Injective Ecosystem

Syntropy ($NOIA ) | Ethereum Ecosystem

Ethereans ($OS ) | Business Platform

Jupiter Project ($JUP ) | Communication

Everest ($ID ) | Business Platform

WINR Protocol ($WINR ) | Camelot Launchpad

Bitcoin ($BTC ) | FTX Holdings

Sector ($SECT ) | Arbitrum Ecosystem

SELL THE TOP
Coinbase App Store Ranking

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

Overall Ranking

#475 (0% 24h Δ)

Finance Category

#46 (0% 24h Δ)