🧐 Altcoins Bottomed? Everything Depends On Tommorow:

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GM, I’m tired, boss.

I admit it: my hopes for an upcoming bounce, which might, just might, lead to a BTC all-time high breakout, are growing stronger. But before that happens, today and tomorrow will probably be dull as we grind through some macro data releases.

First up—tomorrow’s CPI print, which will dictate the tone of Powell’s speech at the March FOMC and shape the odds of another rate cut. Then, we’ll have the PPI release on Thursday and see where we go from there.

These events might spark some volatility, hopefully to the upside, but what I want to watch at the same time is the Bitcoin dominance, which currently looks like it printed a blow-off top. Combined with the abysmal altcoin sector sentiment, I think we could be somewhere around the bottom for alts (at least the quality ones). 

I’m keeping it patient and not rushing anything. Meanwhile, there’s fun to be had on Berachain (more on this below).

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BERA/USDT 1H Binance

I think we’ll see BERA in an accumulation range for a bit, likely from around 5.50 down to $3. A weekly close above $8 would be a bullish high timeframe signal. The current FDV of $2.75bn is very low considering the number of quality apps and Proof of Liquidity incentives designed to support them.

Sentiment can’t get much worse. We’ve had co-founder @itsdevbear dumping his airdrop, the discord melting down over the airdrop distribution, the fact that private investors can stake their BERA (albeit for a tiny 1.5% APR yield) - we’re dealing with a lot of bad optics since launch. I don’t think any of this matters long term.

There are currently gigantic yields available in the Berachain eco that are underfarmed - Discord Quick Bite soon on this..

There’s also a ton of Bera apps launching right now, and the Proof of Liquidity flywheel is designed to support the ones that get traction. In crypto, we need more apps worth using, and this is what an app-supportive eco looks like - there’s a big allocation of BERA for incentives and user rewards.

Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!

Smart-money movements on Ethereum.

Smart-money movements on Solana.

Beras like honey (and juicy yields).

I think the FUD surrounding Berachain has become a bit overblown. Nevertheless, we can use that to our advantage.

The Proof of Liquidity flywheel is starting to spin, and there are some great opportunities to get yield. Meanwhile, the BERA token has a meager $600m circulating market cap, and the main vaults, such as iBGT on Infrared Finance, offer 770% APR on single-sided staking.

I don’t know about you, but I will start playing around and using this yield strategy map by Milk Trudge (recommended follow).

Also, I’m hearing very good things about Exponents! Keep this project on your radar. Ooga Booga let’s bring DeFi fun back.

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Virtuals

Following up on the majors coverage (AI16Z reversal yesterday), Grant just got off an interview today with their main competitor, Virtuals founder Jansen Teng. Virtuals is tradable on Solana as of yesterday, and the Solana launchpad is imminent. There is also some alpha to be shared that I don’t think you will find anywhere else yet:

1. Base has been a good place to start, but they’ve hit a ceiling there in terms of what’s possible. Solana is the play to keep growing the eco. The Base presence will continue.

2. Twitter has been securing money transmitter licenses and is building significant AI agent integration. Imagine ordering services via x.com - anything from fast food to getting your laundry picked up for a wash. Shaw (AI16Z) has been working with Twitter on what constitutes a good agent actor. Virtuals and GAME (the Virtuals framework) and no doubt AI16Z (wen launchpad?) agents should get some kind of whitelisting (good agent flag) within this Twitter agent architecture.

3. Virtuals are considering an L1 blockchain for the eco. Maybe even an L2 for agents and agent apps, settling down to the L1. This would obviously rerate the valuation higher (L1 premium). The research team is also considering a stablecoin for agents to work with.

New content to study.

• dTAO is Coming. Are you ready? (Weekly AI Edge #33) by Teng Yan

• How DTAO transforms Bittensor into a fully financialized ecosystem by 563

New updates & projects.

• DIN Foundation (AI agents) - Announcing airdrop claims

• TxLabs (Ai Agent hub)

• ai16play (AI entertainment by Eliza)

The important bits.

• Yeet (Berachain) - YEET sale is now finished, trading is live

• Vana (Data, AI) - Prepare for Vana events at Consensus Hong Kong

• Mode (L2) - Features the full Mode DeFAI stack

• Ramen Finance (Berachain) - RAMEN token claim is now live

• Sophon (Entertainment layer) - Introducing the Sophon Intelligence Agency

• mETH Protocol (DeFi) - Join the Mantle Mayhem and earn boosted rewards

• Tanssi (DeFi) - The Tanssi Foundation announces Tanssi’s community sale

• Pendle (DeFi) - All top 9 DeFi assets are trading on Pendle

• Berachain (L1) - Social airdrop is now claimable

Even more important bits.

• Trust Wallet adds support for XRP ledger

• Elon Musk makes bid to acquire OpenAI for over $90 billion

• FTX to start $16B creditor repayments on Feb. 18, 2025

• Blocmates breaks down the CAR Central African Republic token launch

• Grayscale files for spot Cardano ADA ETF with NYSE

• North Carolina files a Bitcoin Reserve bill

Charts and stats of the day.

• Bitcoin miner capitulation signals potential sub-$100K price bottom

• Binance sold over 90% of their BTC, ETH and SOL tokens

• Coinbase saw a surge in Q4 2024 trading volumes, driven by institutional investors

Life gets busy so here’s what you’ve missed.

Core DAO: How Core’s dual staking turns Bitcoin into a yield machine.

Research

This article looks at Core’s Dual Staking solution, which empowers you to earn a sustainable and reliable yield on your Bitcoin—all while keeping it safely in your possession.

Read More →

An idiot’s guide to Story protocol.

Research

The IP blockchain that turns your human pea brain into an asset class, StoryProtocol, is coming this week.

There is a lot of cool stuff launching soon across the industry so take five minutes to read our idiot's guide to Story to brush up on one of the most important ones.

Read More →

• Story Protocol (IP, data) - Launching on February 13th

• Cabal Town (Alpha)

• Solayer (Hardware-accelerated SVM) - Launching today

• Opinions Fun (Opinion launching & trading)

• Flutton (Cross-chain liquidity layer)

• Dexari (Hyperliquid mobile app)

To save you doom scrolling.

The Capo inverse indicator has spoken. Altcoin bottom in? Let’s pray.

If you’re down bad on altcoins (like most of us), hang in there. I really do have a feeling better times are just around the corner.

The thing is, many people make the most mistakes just before the tide turns. As always, patience is the name of the game.

At the same time, if we get the last hurrah during the next three months, that will definitely be a good time to secure your profits and be very careful about deploying them back into the market too soon.

stay safe homies,

Hix0n 🫡