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- ⏳T-1 To Bitcoin Halving
⏳T-1 To Bitcoin Halving
PLUS let's explore more new Runes projects!
🗞 Market commentary.
GM, who you got for today, Ansem or Barney?
It’s an exciting time in the realm of cryptocurrency innovations and Retardio tokens. We’re gearing up for the upcoming halving day on a symbolic date, April 20th, just a day after one of two notorious CT figures likely gets knocked out.
As far as price action goes, things are rather dull at the moment. We find ourselves agreeing once again with Krown's outlook — there’s a critical line at $68K for Bitcoin. If the bounce at this level weakens or the attempt to flip it fails, we could see another dip lower, possibly setting new lows.
However, if you look back at the historical price action around Bitcoin halving events, any dumps during these periods were consistently one thing and one thing only: an opportunity.
📊 Luke’s Chart of the Day
RSCUSDT 1D Coinex
Brian Armstrong’s Research Hub project was listed on Base on April 8th. The additional liquidity and down market caused some initial volatility, but the support/resistance flip looks to be in (purple box).
Once retail finds out that they can buy Coinbase Brian’s DeSci project for sub-$1 and close to zero fees on Base; I think we see a sustained bull run. FDV is pretty big (mostly community incentives emitted over a long period), but the market cap is still only $60M.
As always, NFA, and please 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!
🔥 Degen corner.
Runes are coming
It’s a Bitcoin world, and we're just living in it. If you missed our coverage on the Runes pre-play, check back on this and this newsletter: we might be able to farm and snipe quite a few AMM protocols incoming.
It’s tough to predict which protocols will lead until we see everything in action—watching the total value locked, price action, and volume unfold in real-time.
Nevertheless, we continue to keep notes and tabs on more projects that have the potential to excel during the whole Runes narrative:
RuneX is aiming to become the Uniswap of Bitcoin. Currently, it’s also a pre-runes project.
Sovryn has announced plans to launch Runes trading right after the halving. You can check out the spaces recording here.
This project just popped up and seems to be a combination of NFT and Runes projects. It was crafted by the OG NFT team Cyber Kongz, one of the loudest collections of 2021.
An interesting new Ordinals collection with plans to introduce its COOK tokens in the form of Runes and to create deep liquidity for it using profits from its NFT trading.
Let us know which ones you like in the comments! Also, it’s possible to watch new collections pop up live on-chain right here on Ord.io.
👀 DeFi insights.
The important bits.
IntentX (Intent-based DEX) - Launched on Mantle- read
Smilee Finance (DeFi) - Limited FLY Earn vaults open tomorrow - read
Stepn (Move-to-earn) - Announces Adidas partnership - read
Perennial (DeFi) - Soon to launch on Arbitrum - read
AIOZ (L1, DePIN) - Mind Network integration announced - read
Core DAO (BTC DeFi) - Releases guide to BTC staking - read
Skillful AI (AI) - Teases upcoming SKAI token release - read
Ethena (DeFi) - Releases summary on worries regarding funding - read
Nyan Heroes (Gaming) - Records 200,000 downloads on Epic Games - read
PepperDEX (DEX) - Presenting Zero-Day Futures as a gamechanger - read
📰 DeFi news.
Even more important bits.
🫠 ICYMI.
Life gets busy so here’s what you’ve missed.
From Labs to Galaxies: Vector Space Biosciences' Journey with AI and Crypto
Founder Series
Every so often, we put our big boy pants on and dig into some groundbreaking tech within this space. This is one of those moments.
Jedi's deep dive with Kasian on the DeSci x AI crossover and the impact of language modeling on space exploration is live now...
Tune in on Spotify | YouTube →
🐥 Tweet of the day.
To save you doom scrolling.
Ansem just reposted this tweet from kmoney, and it’s pretty interesting to see how strong the mog trend is, with no signs of stopping…
🦍 And finally…
Finally, enjoy the halving day tomorrow, and remember, the probabilities are on our side, even if the market tries to go lower one more time after the halving.
Even a prolonged downside or choppy market will just create a longer, more sustainable bull run—and that’s what we want to see.
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