🌊 Wave Wisdom - November 28th, 2023

DATA
Key Prices

BTC $37,253 (0.51% 24h)

ETH $2,029 (0.15% 24h)

SPY $454.65 (-0.18% 24h)

DATA
Market Overview

Total Market Cap $1.40T (-0.16%)

Total Volume $46.90B (-8.55%)

BTC Dominance 51.86% (0.33%)

ETH Dominance 17.36% (0.05%)

DATA
Chain TVL

DATA
Protocol/Chain Fees (24h)

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

GHO-USDC-USDT-DAI on Sommelier with $2.94m TVL and 64.49% APY

VST-FRAX on Frax with $2.26m TVL and 40.78% APY

USDPY on Toros with $1.71m TVL and 32.18% APY

FUSDC (For LP) on Pendle with $908,757 TVL and 23.96% APY

USDT (Clearpool) on Idle with $680,549 TVL and 22.71% APY

EUROPOOLLP on Angle with $647,332 TVL and 21.97% APY

USDC (FOX SIMPLE) on Arbor Finance with $228,271 TVL and 21.43% APY

FRAX on Gearbox with $206,203 TVL and 20.26% APY

NEWS
Talk of the Town

Let's break down today's newsletters. Man, there's a lot to unpack.

Starting with the Daily Degen, we've got some juicy updates on new protocols like Obscura Network and OverpassIP, both stirring the pot in their respective niches. ChainEDGE is also making waves with its New Launch Digest, a must-watch for on-chain traders. Keep an eye on @silentdao_ for some slick moves in the privacy space.

Now, onto Parcl, the Solana-based RWA/DeFi project that's got everyone talking. Trevor's brainchild is a game-changer for real estate market speculators. It's like betting on property without the hassle of actually owning it. And with Solana's speed and low fees, despite the occasional hiccup, Parcl's looking pretty damn solid. They're even considering adding liquid staked SOL as collateral.

DLNews is stirring the pot with the Binance and Coinbase drama. Binance's guilty plea and a hefty $4.3 billion fine have Coinbase licking its chops for a bigger slice of the US market pie. But it's not all roses and sunshine; Coinbase has its own hurdles, like the SEC breathing down its neck.

Humble Farmer Army's newsletter is like a treasure map for yield farmers. Blast is the new kid on the block, raking in a cool $400M in TVL. Camelot's not far behind with some tasty APRs on Arbitrum. Hyperliquid, MUX Protocol, and Trader Joe are also throwing their hats in the ring with some lucrative farming ops.

Alpha Packed News dropped a bomb with Inferno Drainer's exit scam. $70 million gone, just like that. And the HEX and PulseChain founder, Richard Heart, is playing hide and seek with the SEC. Meanwhile, Binance's new CEO, Richard Teng, is stepping up to the plate with some big ideas for the future. Cosmos is also shaking things up with a potential fork and $ATOM1 airdrop.

Lastly, The DeFi Investor is dishing out some hard-earned wisdom. Less is more when it comes to bets, and don't kill your winners to save the losers. Remember, pumpamentals can be just as important as fundamentals in a bull run. Keep your investment theses handy, stay on top of your portfolio, and always be ready for new opportunities. And don't forget your exit strategy.

Now, don't just take my word for it, check out the sources for the full scoop: Daily Degen, Revelo Intel, DLNews, Humble Farmer Army, Alpha Packed News, and The DeFi 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: 45 (-10.0% 24h Δ)

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

@DonAlt predicts a potential bounce for certain alts like SOL and BONK but considers the current Bitcoin range choppy and critical for direction, suggesting a bearish tilt if BTC drops sub $35k.

The sentiment from @Tradermayne is mixed; he remains short on Bitcoin from monthly resistance with a target of $34k or below, showing patience and no rush to exit positions. He also expresses frustration with applying liquidity theory to alt trading, admitting it has not been effective lately.

@CredibleCrypto maintains a bearish view, having taken a loss on AVAX positions and waiting for signs to re-enter. Conversely, @Pentosh1 seems cautiously optimistic, buying $LOOKS due to bullish expectations for the NFT marketplace and underscored the importance of sticking to winning strategies in trading.

@LomahCrypto shares enthusiasm for both his job in the ct space and his involvement with OhBabyGames, unswayed by day-to-day price movements and focusing on larger developments.

@SalsaTekila advises taking it easy during December and January, a period he considers to have low probability for successful trades.

@DeltaXBT touches on the anticipation for market moves around the dYdX token unlock, while also humorously commenting on crypto ecosystem elements.

@CryptoISO provides insight on COIN, suggesting a rational profit-taking phase, yet seems to be in it for the long run with separate portfolios for trading and holding.

Overall, the feeling from ct traders mixes cautious optimism with bearish hedging, reflecting a market at a potential turning point amidst various external factors affecting sentiment.

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: 58 (16.0% 24h Δ)

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

@DonAlt predicts a potential bounce for certain alts like SOL and BONK but considers the current Bitcoin range choppy and critical for direction, suggesting a bearish tilt if BTC drops sub $35k.

The sentiment from @Tradermayne is mixed; he remains short on Bitcoin from monthly resistance with a target of $34k or below, showing patience and no rush to exit positions. He also expresses frustration with applying liquidity theory to alt trading, admitting it has not been effective lately.

@CredibleCrypto maintains a bearish view, having taken a loss on AVAX positions and waiting for signs to re-enter. Conversely, @Pentoshi seems cautiously optimistic, buying $LOOKS due to bullish expectations for the NFT marketplace and underscored the importance of sticking to winning strategies in trading.

@LomahCrypto shares enthusiasm for both his job in the ct space and his involvement with OhBabyGames, unswayed by day-to-day price movements and focusing on larger developments.

@SalsaTekila advises taking it easy during December and January, a period he considers to have low probability for successful trades.

@DeltaXBT touches on the anticipation for market moves around the dYdX token unlock, while also humorously commenting on cryptocurrency ecosystem elements.

@CryptoISO provides insight on COIN, suggesting a rational profit-taking phase, yet seems to be in it for the long run with separate portfolios for trading and holding.

Many traders, such as @HsakaTrades, are indicating current market moves with caution, blending humor with their observations but not providing a clear directional take.

Overall, the feeling from ct traders mixes cautious optimism with bearish hedging, reflecting a market at a potential turning point amidst various external factors affecting sentiment.

Gem Hunter Sentiment

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: 58 (16.0% 24h Δ)

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

@0xKelz called out a developer who rugged the project @Relaydapp after fundraising, cautioning about trusting devs too quickly in this space. This serves as a grim reminder for gem hunters to stay vigilant.

$AIMBOT has piqued the interest of the crypto community. Indications are that it appears solid at current levels with potential upside even if the market pulls back, suggesting gem hunters are seeing strength in the token's technical setup.

$CLORE got shoutouts for its performance since January, with gem hunters like @defi_antcrypto recommending patience and strategic plays like securing positions on "shady" exchanges before coins pump, highlighting a move towards the lesser-known platforms for gem opportunities.

@AimedisGlobal and its token $AIMX have been in the spotlight, with several mentions suggesting a bullish stance due to a busy event month ahead and extensive partnerships including Nvidia and Prime Hospital in Dubai, suggesting its alignment with regulations and backing by prominent entities makes it a strong contender for a potential gem. The multi-faceted nature of Aimedis, covering everything from a metaverse platform Avalon integrating AI and blockchain, to monetizing medical data through NFTs, has particularly struck the chord with the hunters.

$TRADE was mentioned in the context of real-world assets, with indications that there's bullish sentiment surrounding it.

This sentiment is tied to both its market dynamics and potentially significant role in the sector facilitating the integration of crypto-assets into the traditional banking sector.

$GMEE, $OTK, $CROWN, and $EPIK were noted with the suggestion that if Bitcoin holds strong or rallies, we could see another surge in the gaming sector tokens, indicating that gaming tokens are still on the radar for the savvy gem hunters.

The use of @BananaGunBot was strongly advocated by traders as a key competitive advantage in the on-chain arena. The implication here is that sophisticated tools can provide a significant edge, and those not using them are at a self-imposed disadvantage.

$GENE from @GenomesDAO has been referenced multiple times, particularly due to impressive price action, signaling it's on the radars of many who are keen to capture growth in the DeSci space.

$MONKGG @monk_dot_gg was highlighted with a suggestive eye emoji, implying that it could be worth keeping an eye on, possibly for its potential to trend.

Overall, the tokens gem hunters on ct are bullish on exhibit a combination of technological breakthrough, strong backings, upcoming developments or eventful periods, and market positions that suggest room for growth.

Please note that these sentiments are fluid and can change rapidly due to the volatile nature of the crypto markets.

Mentioned Coins

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

AimBot ($AIMBOT) | Telegram Apps

Clore.ai ($CLORE) |

Aimedis (NEW) ($AIMX) | Artificial Intelligence (AI)

Polytrade ($TRADE) | DWF Labs Portfolio

GAMEE ($GMEE) | Telegram Apps

Octokn ($OTK) |

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

Epik Prime ($EPIK) | NFT

Cryptoforce ($COF) | Ethereum Ecosystem

Gene ($GENE) | Ethereum Ecosystem