😹 Memecoins Are Over Once These Wallets Sell:

PLUS Peapods Finance is back!

October 09, 2024

Brought to you by Unchained:

What is the best approach to Bitcoin self-custody?

Now, I’m assuming that most of you opt for self-custody. 

Well, Unchained is here to offer self-custody services that help you protect your precious investment and give you the flexibility you need to leverage your wealth.

If you’re still storing your Bitcoin in a hot wallet, then it’s definitely time to start thinking more about your crypto and its security with Unchained.

GM, the Murad era continues.

Murad, the undoubtedly main memecoin character of this season, is continuing to fuel the meme mania. I have no idea if his outlandish price targets will become a reality or not, but you can now track his conviction thanks to ZachXBT exposing his wallets (very controversial decision, but hey, it`s public info anyway, so…). 

Memecoins will simply continue to march higher under one condition—the continuation of Bitcoin`s bull run. As long as crypto liquidity expands, so do the memes (the good ones, at least). If you`re interested in a meme trading strategy, check back here.

For now, Bitcoin is chopping around the same area as yesterday, and I don't think there`s a reason to worry about a significant breakdown at this moment.

Today, the BTC market will likely stay boring (except the usual US open dump)  until we get the jolt of volatility from tomorrow`s US CPI and PPI data. 

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Mother/SOL Raydium 1D

I don’t believe $MOTHER is anywhere near done here. It’s pulled back 50% from the local top and is approaching high timeframe support at 0.07c.

Iggy has the social clout, capital, and team power to pump this thing into the next galaxy. This is the one celeb onboarding that did not go pear-shaped.

In order to onboard non-incels and the financially disinterested, crypto needs a bit of spicing up. Humour that does not revolve around inside jokes has got to help too. I’m buying a ticket in the purple box for a trip to a multi-billion dollar market cap.

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!

Source: ChainEdge

Peapods Finance

We know that most of you are quality DeFi enjoyers, so let`s take a peek at one of the most undervalued new protocols currently available: Peapods Finance, the introducer of revolutionary volatility farming (with any asset you want).

Token price-wise, PEAS is currently hovering around inside a nice range consolidation, with a fully diluted valuation of a mere $30m market cap. 

While you certainly get the hint, we`ll leave the price speculation to you. Right now, all eyes are on the new Peapods product: Self-Lending PODs. 

Dubbed as a yield-offer you can`t refuse, Self-Lending PODs: a new DeFi concept that allows users to borrow from themselves to set up liquidity positions without needing external counterparties. 

This mechanism ensures 100% initial utilization, starting interest rates at maximum levels to attract outside liquidity providers. Borrowers effectively pay no net interest until external suppliers join, offering a dynamic reverse auction for interest rates.

The self-lending approach solves the usual chicken-and-egg problem in DeFi, creating a scalable, automated liquidity market with efficient capital deployment and yield generation.

If you would like to deep dive into yet another innovative Peapods solution, read the full explainer here.

The important bits.

  • BlonkFi (MemeFi) - Providing a solution for a 46b$ meme market

  • Hyperliquid (L1) - Now leading decentralized perpetual swap platform, recently surpassing $1.39B in daily trading volume

  • Gunzilla Games (Gaming) - Off the Grid game now out (new trailer)

  • Figment (Staking infrastructure ) - Now supporting restaking on Solana via Jito.

  • Core DAO (Bitcoin DeFi) - Core saw an average of over 40,000 unique addresses added each day 

  • Retardio (meme) - New Retardio casino bet on the hurricane sailor 

Even more important bits.

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

The Challenges and Sweet Spots of Building on Bitcoin

Podcast

We’re back with another episode of blocmates Orange!

Jedi sits down with Chan, co-founder of ALEXLabBTC to explore the cutting-edge of DeFi on Bitcoin.

Tune in on Spotify | YouTube →


Memecoin supercycle? I wouldn't be so sure.

Memecoin cycle? Absolutely.

stay safe homies,

Hix0n 🫡

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