🤑 The Great Ethereum & DeFi Repricing

MEMECOIN GIVEAWAY: WIN $$$ WORTH OF OUR TOP PICKS

Here’s how to get involved…

Battle it out for a chance to win $500 of your favorite meme coin!

How to join?

• Sign up for our newsletter and start referring your friends.

• For every referral sign-up to the newsletter, you will get an entry into the raffle.

• The more referrals, the more entries, and the chance to win $500 of your favourite meme coin.

Get your personal referral link here:

Oh, there’s more? We’re leaving the winning meme coin to you!

Vote for which meme coin you’d like to win. At the end of the two weeks, the meme coin with the most votes will be selected and sent to the winner.

All entries from each individual referral will be raffled, and the lucky winner will be contacted directly to receive the chosen meme coin.

Once you sign up, make sure to open the newsletter and check your spam. Fill in the survey to vote for your favorite meme coin (button below!).

Our top 5 memecoin picks: 

• MOG 

• POPCAT

• SPX

• GOAT

• WIF

Duration: 2 weeks (30th October - 13th November)

GM, at this moment, we couldn’t be more unbothered by what has been.

Ethereum DeFi is topping the mindshare charts for the second day straight—something that would’ve gotten you laughed out of the room just a few weeks back.

Yes, there’s still a lot of work to be done here, but the Great Repricing might truly be upon us. Fundamentals can’t be ignored forever.

I mean, it’s easy from here: ETH/BTC is precisely at the trend line from 2016, the same one that triggered the ETH and overall alt bull run twice already. If we see this violated on a weekly or even monthly chart basis, it might just be over ETH again (for way longer). For now: bullish.

Still, memecoins will keep climbing as long as the total crypto market cap trends up. Pair that with Ethereum season, and you’ve got all eyes on Pepe and Mog—now with up to 75x leverage perps on Binance. Don’t ape blindly, but things are looking damn promising from here.

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MICHI/SOL Raydium 4H

I want to accumulate Michi below the monthly VWAP and under 50 RSI on the 4H chart. I like the funnel structure and strong uptrend with ramping volume. The market cap is around $235m, and there are rumors of tier 1 exchange listings coming soon, which would help to sustain momentum en route to a billion+ market cap.

On the majors front, Solana is currently my favourite pick. The USD pair just broke the long-term downtrend, and the market cap chart is very close to all-time high. The Eth pair is also in an upward log channel and threatening to break through the top of that.

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!

Largest mindshare gainers of the day.

Superseed the next Hyperliquid-like opportunity?

Everyone has had enough of the high-FDV, low-circulating supply dump-fests we`ve seen over the past few years. Recently, the conversation and, most importantly, real user traction (see Hyperliquid, for example) is turning towards new types of fairly launched tokens.

Superseed, as the first blockchain that repays your debt and, more precisely, a general-purpose Ethereum Layer 2, which features a native CDP lending platform enshrined in the protocol, aims to become another leader in this approach. 

Most importantly, Superseed just revealed the tokenomic details and announced the “Supersale”:

• Read everything about Superseed tokenomics here

• Find out how to participate in Supersale here 

If there’s an opportunity to participate in a token launch of a high-quality project as a truly early investor, not just the last in line after a dozen VC rounds, I definitely take note of it.

The important bits.

• Nillion (First blind computer) - Announces partnership with the University of California

• SKALE (L1) - November quests and rewards are coming soon

• Term Labs (DeFi) - Amost 24k out of 100K spots filled for the 2X Term Points for lending on Earn with Term

• EOS (L1) - Ranking top 10 in blockchain TVL growth

• Caldera (Metalayer for rollups) - Teases big news for November 14th

• Infinex (DeFi) - Founder of Infixes explains why using BTC as currency is dumb

• Avalanche (L1) - Avalanche Foundation buys back $52 million worth of AVAX

• CULT (Milady Meme) - TGE coming up “9/11”?

• Ooga Booga (Berachain) - Partners with Beradrome

• Arkham (Onchain) - Announces upcoming perpetual exchange

• Cow Dao (DeFi) - Announces upcoming Binance integration

Even more important bits.

• Pre-Devcon treat: Ethereum developers launch Mekong testnet

• Race for SEC Chair heats up as Gensler’s exit looms

• Over 250 pro-crypto candidates elected to Congress in this election

• Senator Cynthia Lummis announces plans to create Bitcoin Strategic Reserve

Charts and stats of the day.

• Stat update: Over 3 million tokens have been deployed on pumpdotfun so far

• Polymarket lost 50% of TVL post-election

• Bitcoin open interest hits a new all-time high of $45.41 billion

• Hyperliquid does 3x the volume of DYDX

• 2,000,000,000 USDT minted at Tether Treasury

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

AO Exclusive: The Decentralized Hyper Parallel Super Computer

Podcast

Grant hosts Sam Williams, Founder of Arweave and AO, as they explore innovations in blockchain scalability, decentralized storage, and the evolution of Web3 applications.

Tune in on Spotify | YouTube →

To save you doom scrolling.

Welcome to the era of US senators becoming crypto shills.

Oh, and lastly, tune in to the FOMC meeting that`s coming up in a few hours. Rate cuts will most likely continue. But, as always, it means a lot of fuckery is coming in the way of overleveraged apes, so beware.

stay safe homies,

Hix0n 🫡