🌊 Wave Wisdom - November 29th, 2023

DATA
Key Prices

BTC $38,127 (2.33% 24h)

ETH $2,054 (1.22% 24h)

SPY $454.08 (0.10% 24h)

DATA
Market Overview

Total Market Cap $1.43T (1.94%)

Total Volume $55.15B (17.6%)

BTC Dominance 52.07% (0.22%)

ETH Dominance 17.25% (-0.11%)

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

USDT on Morpho Aave with $8.97m TVL and 40.78% APY

DOLA-USDC on Aura with $4.92m TVL and 29.25% APY

GHO-USDC-USDT-DAI on Sommelier with $2.94m TVL and 28.66% APY

VST-FRAX on Frax with $2.26m TVL and 27.03% APY

USDC-USDT-DAI on Sommelier with $1.84m TVL and 23.74% APY

USDC-STAR on Aura with $1.83m TVL and 23.12% APY

USDPY on Toros with $1.72m TVL and 22.72% APY

FRAX (Fraximal) on Sommelier with $1.13m TVL and 21.97% APY

LUSD on AAVE V3 with $856,408 TVL and 21.45% APY

NEWS
Talk of the Town

Let's break down today's newsletters.

We're seeing some interesting moves with crypto stocks like COIN and MSTR.

Speaking of which, mining companies MARA and RIOT are looking juicy to investors, and let's not forget about Microstrategy holding onto BTC like it's their firstborn.

Now, let's talk about the shitshow in DeFi. Blast is getting blasted by Dan Robinson for their sketchy airdrop promises and Kyber Network got hit with a $47 million exploit—ouch. Meanwhile, the Cosmos community is on the brink of a civil war over staking emissions.

Over at the Daily Degen, they're eyeing Radpiexyz_io's new SubDAO and their dLP RUSH—150,000 $RDP tokens up for grabs.

And if you're looking for the greenest chains, Base, MultiversX, zkSync Era, and Sui are your picks.

But let's not ignore the elephant in the room: US home sales are tanking, down 18%.

Check out the sources for the full scoop:

• ReveloIntel

• The Decentralised

• The Daily Degen

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.

@Etherean007 stressed the importance of patience in trading instead of impulsively chasing the next big coin.

@Pool2Paulie mocked economic health pessimists and highlighted a disconnect between retail spending data and ct traders' expectations for market participation.

@HsakaTrades boasted confidently about the market direction, indicating a bullish sentiment and mocking those with low bids.

@RunnerXBT emphasized the ongoing buying pressure and the inevitability of an ETF, signaling a bullish outlook.

@RookieXBT playfully speculated on Bitcoin hitting $42,000 in a week, insinuating bullish momentum.

@CryptoParadyme made several tweets mentioning a return to premium for GBTC and general market absurdity, conveying a mix of criticism and recognition of the current market's quirks.

@RektProof outlined a bullish scenario for AVAX, looking for upward movement based on technical analysis.

@Etherean007 shared an insight that successful trading might involve opposing the crowd, implying a bullish stance by playing against persistent short sellers.

@SalsaTekila expressed confusion about the strategy of those buying at market price, suggesting the potential value in waiting for dips.

@CryptoParadyme continued sharing his mocking sentiment towards 'gold bros,' signaling skepticism of other markets, and questioned the reasons behind $COIN's rise, looking for drivers of bullish movements.

@CryptoKaleo shared technical analysis on the Bitcoin ratio and expected trends, hinting at an anticipated uptrend.

@SalsaTekila warned against FOMO buying during strong price surges, implying a potential upcoming opportunity for better entry points.

@CryptoCred shared a straightforward take on trading psychology: you win or you learn, encapsulating the risk-taking essence of trading.

The general sentiment among these traders appears mixed, with a lean towards bullishness tempered by caution, humor, and sometimes sobering realism.

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: 65 (12.1% 24h Δ)

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

@V2Chenz highlighted the potential of $AIMX, indicating a belief in its future 100x increase due to its strong foundations in the digital health sector. The Doxxed team is seen as a key advantage.

@CryptoKaduna discussed $INJ and $KUJI, focusing on effectively using staking rewards and airdrops as a strategy for returns. The emphasis on airdrops showcased a trend among gem hunters, with both $INJ and $KUJI being part of this narrative.

@Cryp__toad showed a strong preference for $TAO, $LINK, $RVST, and $NEON. The optimistic stance on $TAO stems from its untapped potential; $LINK is seen as having a better risk/reward than Bitcoin or Ethereum, while $RVST is praised for trying to solve a billion-dollar problem despite its low market cap, making it a low cap gem. $NEON is expected to hit $1 soon, reflecting a highly positive outlook.

@TheEuroSniper shared bullish sentiment on $VAULT due to a strong technical rebound and praised $SDEX Swap for its seamless trading experience on chain.

@Govanisher is bullish on $SYS, referencing its price point aligning with bear market levels and its development of an L2 with ZK on Bitcoin.

@KaminoCrypto warned about wallet security, recommending the use of hardware wallets like Ledger in combination with tools such as Rabby, and criticized the safety of web3 wallets.

@anger_trading showed excitement about $XEND, indicating an aggressive stance on its prospects.

@CryptoDet_ left a more generalized statement without specifying particular tokens but reminded followers to take profits during low volume times.

Multiple hunters, including @Cryp__toad and @CryptoDamus411, discussed the importance of real world adoption with @Cryp__toad highlighting $WNT as a solid example in the DePin sector.

In summary, the highlighted tokens such as $AIMX, $INJ, $KUJI, $TAO, $LINK, $RVST, $NEON, $VAULT, $SDEX, and $SYS have been the focus of several ct gem hunters, each backed by various reasons ranging from strong fundamentals, anticipated airdrops, technical features, layer 2 developments, and promising market positions.

Mentioned Coins

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

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

Injective ($INJ) | Binance Launchpad

Kujira ($KUJI) | Kujira Ecosystem

Bittensor ($TAO) | Artificial Intelligence (AI)

Chainlink ($LINK) | Harmony Ecosystem

Revest Finance ($RVST) | Ethereum Ecosystem

Neon ($NEON) | Solana Ecosystem

The Vault ($VAULT) | Ethereum Ecosystem

SmarDex ($SDEX) | Base Ecosystem

Syscoin ($SYS) | DWF Labs Portfolio

ALPHA
New Governance Proposals

Sometimes these are pure alpha 👀

Enable Permissionless Payers (GGP 0034) by The Graph Council is in Active Vote | Medium Importance | Posted 3 hours ago

Bundled GIPs - 0041 Store Dispute Status on Resolution & 0059 Remove Owner Tax (GGP 0031) by The Graph Council is in Active Vote | Medium Importance | Posted 3 hours ago

Migration of DODO Tokens to Scroll and Strategic Use of Community Treasury Funds (DIP 17) by DODO DAO is in Active Vote | Medium Importance | Posted 10 hours ago

Ensuring Continued Balance in DAO Snapshot Votes by Balancer DAO is in Preliminary Discussion | Medium Importance | Posted a day ago

Decentralized Front-ends for Olympus (OIP 150) by Olympus DAO is in Preliminary Discussion | Medium Importance | Posted a day ago

Modification of TIA Incentive Allocation (690) by Osmosis DAO is in Active Vote | Medium Importance | Posted a day ago