🚀 The Cycle Starts at $100K Bitcoin

PLUS Sentient AI memecoins are here to stay! These are the leaders.

November 21, 2024

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GM to all chill guys and gals.

Except, of course, for the actual Chill Guy artist—who turned out to be so redacted he somehow plans to sue the new favorite shitcoin and take it down from the blockchain. Guess he’s about to learn some blockchainese.

Anyways, our recent bull posting pays dividends once again. Not only is BTC only around 1 ETH away from reaching a six-figure price, but we`re also seeing a massive Google Trends breakout for Bitcoin searches.

Literally everything`s coming together: Trump is about to appoint the first-ever crypto positions in the White House, Microstrategy is reaching the rank of the most traded stock in America, and there`s a chance pro-crypto lawyer Teresa Goody Guillen will replace the goblin that is Gary Gensler as the head of the SEC. 

Oh, and Cobie’s back at it, bull posting BTC targets as high as 10x the value of gold. Happy birthday to the legend.

Now, onto a controversial topic: ETH/BTC. The most painful chart in crypto is currently clinging to a long-term trendline and nearing a point of time (December) where it historically reverses and, at the same time, supercharges a full-blown altseason.

I`m certainly not saying Ethereum is going to outperform the rest of the market, but given the historical similarities and the fact that this is an election year (the same as 2020), while Bitcoin is doing exactly the same as it always has at these times, there`s certainly a chance for an upcoming hated rally.

History doesn`t repeat, but it often rhymes. Stay locked in; the next few months are about to get nuts.

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$horny/SOL Raydium 4H Log Chart

Today’s AI meme is $horny. Lots of support for this one from @_SMFX_. Still has a pretty low market cap at $3.9m, so there is lots of potential. Price just reclaimed the log chart midrange.

The highs should be next, about 2x from here, and then price discovery. I tend to agree with @Aylo’s assessment that this meta is here to stay full-cycle. Memes are the de facto crypto-native momentum trade this cycle. AI is the de facto tradfi momentum trade. Combining the two is a narrative tour de force that I do not intend to fade.

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

KOL leaders led by Zerebro.

Source: Kaito 

AI / Sentient Memes are here to stay.

First of all, I am not telling you to sell everything and go all-in on these coins right now. Buying something that`s already thousands of percent up is simply too high of a downside risk. I could be wrong, of course.

Nevertheless, I think right now we`re at a AI memecoin meta phase, where we can clearly see the leaders. This is important: once we recognize these, we can simply wait for the market to give us sensible entries. Believe me, it always does, but only few have the guts to bid at those points, not even speaking about waiting for them.

With that said, these are the ones to definitely have in your watchlist:

The important bits.

  • Term Labs (DeFi) - Earn an average 20% yield in points for holding repoTokens (plus guide)

  • Term Labs (DeFi) - Learn how to use this week`s auctions on Term with an easy guide

  • Demex (Exchange) - Announces partnership with Mantle

  • Core DAO (BTCFi) - Snapshot for points has been taken

  • Superseed (L1) - Releases an article explaining the architecture behind self-repaying loans

  • SKALE (L2) - Keepsake NFT marketplace now live on SKALE

  • Ooga Booga (Berachain) - Introduces Ooga Bucks

  • Dinero (DeFi) - Offers the highest LST yield with pxETH

  • Sonic (L1) - Tease’s final release for December

Even more important bits.

Charts and stats of the day.

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

Token Brief: GRASS

Research

Here's a fresh one from 563defi and the research team: a token report on Grass and the $GRASS token.

What is Blendy? Building Sustainability Around Memecoins

MemeFi is a thing.

I think we've timed this one pretty well. You can deposit your favorite shitcoins as collateral via Blendy, and it's not insane.

Plus, the testnet goes live today.

To save you doom scrolling.

Shitcoins Church goes hard today.


Over-rotating in a bull market is a very dangerous business. Don`t chase - believe in your bags. Everyone will eat (except the utter dogshit coins, but that`s a choice everyone has to make for themselves).

stay safe homies,

Hix0n 🫡

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