šŸ‘Š Crypto Doesn`t Care Who Wins This Election

PLUS will Raydium flip Uniswap?

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GM, enjoying the election day? 

For now, it seems like Bitcoin certainly does. We have a nice higher low being printed as we speak, and we even have the historically most accurate counter indicator Jim Cramer, saying that Kamala is going to win the election.

Yes, things look promising, but brace yourselves for volatility. The best advice Iā€™ve heard this week? Stop trading altogether. Events like these will liquidate plentyā€”thatā€™s the only certainty here.

As long as BTC holds above $65K on the daily, thereā€™s no need to shift our stanceā€”remaining long-term bullish is the move. This is just my opinion, not financial advice, but even if we see larger wicks this week, the market will likely stomach those moves and continue upward sooner or later.

Remember, there are bigger forces at play this cycle than just the U.S. elections: global liquidity is on the rise, the market anticipates the Fed rate cut times, and weā€™re seeing record-breaking spot Bitcoin ETF inflows.

Bitcoin will stay Bitcoin no matter who wins, and the rest of crypto as an industry will just keep churning forward.

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GOAT/SOL Raydium 4H

Goat looks like it could be done correcting here. Any pullbacks now are likely for buying. I will look to snag the purple boxes - either around 50 on the 4H RSI, or prices below 0.54. I thought we might go a bit deeper, but it looks like buyers are stepping in to load up on the OG AI memecoin.

Iā€™m still being a little cautious with buys until the US election uncertainty is fully dispensed with, so no full porting until we know who gets to sit in the White House for the next 4 years.

NFA as per usual, please always do your own research.

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 moves of the day.

Source: ChainEdge

Onchain Attention-score for this week.

Source: ChainEdge

Raydium Smashing Uniswap

When it comes to ā€œThe Flippeningā€ā€”Ethereum overtaking Bitcoin in valuationā€”that story is long gone.

But when it comes to the battle of Ethereum and Solana, fundamental factors are already in place that make us question the outcome.

Take Raydium, for exampleā€”itā€™s raked in 68% of Uniswapā€™s six-month fees. Thatā€™s something worth paying attention to.

If the main DEX of Solana manages to keep this winning streak, we might be looking at a great repricing event here. The RAY chart certainly speaks volumes here, as well.

At this moment, UNI chart isnā€™t doing that well. Meanwhile, RAY is sitting at about 4x lesser valuation. Is it time for parity? Letā€™s find out.

The important bits.

  • Term Labs (DeFi) - Announces Blue Sheets - fixed rates when you want them, without the auction wait, early supporters get 2x Points (first 100K)

  • Dinero (DeFi) - The incentivized threETH pool is live on AftermathFi

  • Swell Network (DeFi) - TGE announced for 7th November

  • SKALE (L2) - Announces upcoming office hours, inviting devs

  • GenLayer (The First Intelligent Blockchain) - GenLayer can 'FIX' prediction markets

  • Core DAO (DeFi) - Crypto News explains how Core is transforming Bitcoin

  • Radix (DeFi) - Rooot Finance is the newest lending and borrowing protocol on Radix

  • Superseed (Blockchain that repays your debt) - Adds Velodrome to the Superseed ecosystem

Even more important bits.

Charts and stats of the day.

Life gets busy so hereā€™s what youā€™ve missed.

TAO Talk Episode 009

Podcast

This week, in TAO Talk episode 9, 563 and Brody are joined by Ian and Estate Cat from Nickel5 as they discuss the latest developments in the Bittensor ecosystem.

To save you doom scrolling.

And that`s all she wrote.


Last touch on this election period drama: I would personally rather focus on the upcoming FOMC happenings, the Bitcoin dominance, and the possibility of it topping out.

These are much more critical factors than which US president ends up sleeping in the White House.

stay safe homies,

Hix0n šŸ«”

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