🥵 End of the Crypto Cycle? Let's Talk About This.

PLUS is the Gaming Meme meta the new shitcoin frontier?

January 08, 2025

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I won’t lie - this dip is nasty and caught many off guard. Well, maybe not everyone because, after all, we warned against what happens when the market gets overly bullish on Ethereum.

Nevertheless, the same thing we went over yesterday still applies. As long as there aren’t any critical daily and weekly closes lower (short-term $95k, longer-term $90k), we might just expect the markets to continually confuse their participants until the resolution of the current range.

Not only are these pullbacks caused by typical January tax selling, during which investors offset their taxes into the following year, but a heated debate is emerging on the macro side of things.

The 10-year note yield is nearing 4.70%, with mortgage rates on their way to 8%+, while the dollar remains very strong. Now, even though this seems scary for all risk-on markets, at the same time, Trump is saying the dollar is too strong, and the rates are too high.

The way out? Yes, quantitative easing, which means liquidity for the markets and continuation of the overall liquidity cycle that is still expected to stay in a bullish poster into as far as 2026.

We got a packed macro day today with upcoming FOMC minutes, nonfarm payrolls, and jobless claims data in the US, adding to the overall jitteriness of markets.

This will be just a taste of what comes next week with CPI data, so don’t be surprised by more volatility ahead.

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Fartcoin/USDT 4H Binance

The Fartcoin chart is so clean it belongs in a colonic irrigation clinic. We have some Fartcoin maxis in Discord, led by chief wallet tracker Dan Blocmates, who has identified several big buys worth paying attention to. The first trouble area to blast through is that volume node at ~1.35. After that, we lift the duvet of possibility on new all-time highs.

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 of the day.

Source: ChainEdge

Gaming Memes as the new meta?

MLG, or 360noscope420noscopeblazeit, is currently making waves on the timeline. Everyone says Banks is always early, but is he earlier than the blocmates Meal Deal Discord?

Doubt it.

The beta mover to MLG might be Y2K, and we shall see which ones pop up later.

To top things up, blocmates community also absolutely nailed the LLM mover, which is rapidly mooning at the moment. Humble flex, but Meal Deal is genuinely an essential tool during times like these.

It’s worth highlighting signs of strength in yesterday's and today’s marketwide pullback. 

  • The AVA uptrend looks very solid, despite the pain etched across most other charts.. Ava is the agentic mascot for the Holoworld app, which will soon launch on Solana. It’s basically a 3D agent launchpad where you can easily launch an agent with an animated character included.

  • HINT: the new DefAI coin listed yesterday has been pumping off a low base of $8m TGE - we discussed it in yesterday’s newsletter. I bought some on Mexc, and it’s on Uniswap, too, although liquidity was quite minimal there when I last checked.

  • ANON, Dani Sesta’s ponzinomic Sonic AI agent play is absolutely sending again. I completely missed this one and will probably regret it for a bit longer yet. $200m market cap so far.

New content to study.

New AI projects.

  • Bankr (AI-powered crypto companion)

  • Kudai (AI agents for Base)

  • PrismAI (AI agent for memecoins on Solana)

The important bits.

  • Zentry (Gaming) - Now live on the Ronin network

  • Superseed (L2) - Supersale raised $4,2m, still open to everyone (few hours left to participate)

  • EOS (L1) - Releases a guide on how to participate in Binance BNSOL Super Stake Program

  • Nillion (First blind computer) - Four Pillars explains why Nillion is the most important network for AI agents

  • SwapX (Sonic DEX) - SWP token is now live on the market

  • Peapods Finance (DeFi) - Features a brand new UI

  • Maia DAO (DeFi) - Adds new USDT / MIM gauge

  • Core DAO (BTCFi) - Releleases a blog post explaining the future of Bitcoin DeFi on Core

  • Tannsi (Infrastructure) - Announce Hello SQD integration

  • GenLayer (AI L1) - Explains the Smart Oracles system

  • Vana (AI, data) - Rewards now available to claim for VANA stakers

  • NodeMonkes (Ordinals) - Tease “NodeMonkes operating system”

  • Ethena (DeFi) - Features new 2025 roadmap

Even more important bits.

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

What to expect from 2025? Blocmates breakdown.

Thought Provoker

With regulators starting to play nice, dev bros coding like it’s a hackathon, AI sliding into blockchain DMs, and miners moonlighting as compute hubs, this year looks like one for the books.

Here’s a quick rundown of what to expect in 2025.

To save you doom scrolling.

We need to find some buyers, fast.


Touching up on today’s market commentary, I won’t pretend I’m a macro expert here. As a matter of fact, many so-called macro experts are running paid groups, and there’s a reason for that. Those guys are eternal bears. And bears never win as much as bulls do.

Lesson there.

stay safe homies,

Hix0n 🫡

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