🌊 Wave Wisdom - December 29th, 2023

DATA
Key Prices

BTC $42,915 (-0.35% 24h)

ETH $2,374 (-1.13% 24h)

SPY $476.88 (0.04% 24h)

DATA
Market Overview

Total Market Cap $1.69T (-0.76%)

Total Volume $71.24B (-10.89%)

BTC Dominance 49.88% (0.22%)

ETH Dominance 16.93% (-0.07%)

NEWS
Talk of the Town

Diving into today's newsletters, we're seeing some spicy developments that you won't want to miss. Let's get into the thick of it.

The Daily Degen is buzzing about ChainEDGE's analytics tools, and there's chatter about TVL growth in chains like Manta and Metis. They're also flagging a security breach at Levana_protocol, so keep your eyes peeled there.

On the flip side, Moni Discover is slinging a 30% discount code (IORVF) for their analytical platform, boasting a solid track record of spotting high-return projects. They're also serving up some New Year's wisdom, reminding us to keep it real and stay sharp in the market.

Now, the DeFi Investor is hinting at an Ethereum comeback, with the Dencun upgrade on the horizon potentially slashing L2 fees. They're also spotlighting DexCheck's private sale access, which could be a game-changer for getting in on those early deals. And don't sleep on Metis—they're dropping a hefty $400M ecosystem fund to juice up their network.

But hold onto your hats because the legal eagles are circling. A U.S. judge has just sided with the SEC, ruling that TerraForm Labs and Do Kwon were dealing unregistered securities. Meanwhile, India's playing whack-a-mole with crypto exchanges again, and rumor has it Donald Trump's been offloading ETH. And if you're watching the boardroom drama, Grayscale's seeing some shake-ups with Barry Silbert and Mark Murphy peacing out.

As for the big money moves, Deribit's gearing up for an $11 billion options expiry, which could stir up some serious market waves. And speaking of waves, the stablecoin market cap's on the rise, signaling some fresh liquidity flowing back into the scene.

So, keep your head on a swivel, and don't let the FUD campaigns throw you off your game. There's a lot of noise out there, but we're here to sift through the bullshit and bring you the gold.

Check the sources for the full scoop: The Daily Degen, Moni Discover, DeFi Investor, News Of Alpha, WatcherGuru, ArkhamIntel

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 (0.0% 24h Δ)

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

@RunnerXBT flaunted a new Rolex purchase, linking his luxury splurge to taking profits before a recent market drop, a subtle hint at his successful trading amid volatile market conditions.

@SalsaTekila displayed a mix of regret and humor over past wallet decisions and cryptically commented on a potential market direction with a hopeful "this is going higher" tweet, possibly signaling some bullish sentiment.

@Etherean007 projected a bullish stance with a specific prediction for Ethereum, tweeting "ETH to 2700 before BTC ETF news even hits imo" while also showing a ready-to-take-action vibe by sharing his current active positions in various cryptos.

@HsakaTrades hinted at a looming clarity on the market's direction by indicating that soon we'll see how many hedged their ETH longs with SOL shorts, potentially suggesting anticipation for a significant market move.

Contrastingly, @deltaxbt threw in a performance check, questioning if traders managed to outperform Bitcoin's substantial gain in 2023, hinting at a bullish run for Bitcoin while challenging other traders' performance.

@trader1sz shared chart analysis and maintained a positive outlook on $LRC, suggesting an imminent "lift-off" and expressing confidence in the trading setup for the said crypto, showing a refined bullish perspective.

@Bluntz_Capital offered bullish insights, particularly highlighting the Layer 1 tokens like $SOL and $AVAX, and suggesting that they are warming up for an upswing, echoing an optimistic market sentiment.

Despite these varied individual outlooks, the overall tone from ct traders showed a blend of caution, humor, and calculated bullishness, as they navigated the last throes of the trading year and anticipated future market moves.

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.

@ItsAverageJO is bullish on $AGRS after its recent inclusion in the NVIDIA Inception Program, suggesting both short-term and long-term potential despite recent FUD.

@Cryp__toad is hyping up $NEON, hinting at a price target of $10 and emphasizing the importance of thinking for yourself and following the right people in the crypto space.

@toptickcrypto is making a case for bidding on $SOL over $ETH, speculating that the tide may turn for Ethereum in 2024, but for now, Solana is the play.

@Rationalape1 has been digging into some shady business with $TONKA, revealing a potential scam involving multiple shadow addresses and warning the community to steer clear.

@Crypto_L00n and @Crypto_Shaggy are discussing $RSTK, with the former noting its potential for a 10% yield on staked ETH and the latter expressing bullish conviction on the token.

@ChadCaff is focusing on $ROSE and its potential upside, alongside the upcoming $IX TGE.

@CryptoKaduna is closely watching $INJ, hinting at increased weekly burns and potential upside, and is warming up to $KAS with a bullish outlook.

@defi_antcrypto is confident that $OMNI has hit a bottom and is enthusiastic about its omni-chain meme coin status, while also highlighting its expansion across multiple chains.

@TheEuroSniper is sharing news about $NGS's collaboration with cutting-edge AI, suggesting potential growth.

Multiple gem hunters, including @Cryp__toad and @KaminoCrypto, are expressing confidence in the potential of $NEON and $AGRS, with strong narratives and innovative technology backing their bullish sentiments.

And finally, @anger_trading is keeping an eye on $KIBSHI, contrasting its active development with the behavior of typical meme coin developers.

Mentioned Coins

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

Fren Nation ($FREN) |

Snek ($SNEK) | Meme

Neon ($NEON) | Solana Ecosystem

Solana ($SOL) | Alleged SEC Securities

Metis ($METIS) | DWF Labs Portfolio