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- š This Cycle Will Be 10x Crazier Than 2021
š This Cycle Will Be 10x Crazier Than 2021
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GM, the pumps are indeed here.
Suddenly, being nervous for the past 6 months or even listening to the bears seems like the silliest thing of all. Bitcoin is now firmly in a bullish posture, printing higher highs, enjoying massive ETF inflow injections (mainly from BlackRock), and overall sentiment hitting new highs.
Meanwhile, the long-term RSI indicator just flipped into the same bullish territory as it did before the 2017 run. Look closely, and you`ll see that this cycle has even more potential than the run of 2021. BTC is literally looking better than at any moment in its history - and nobody even talks about it; nobody outside our bubble cares. There`s much juice to be squeezed here yet, and I feel the crazy manic phase is just around the corner.
The interesting thing that happened today, in a typical crypto fashion, is the fact that everything started pumping right after Vitalik Butterin confirmed he is a retard. Check for yourself.
The memetic web that this whole market operates on cannot be understated, and it`s becoming clearer by the day.
If you havenāt alreadyā¦ hit the subscribe button and get the coolest welcome email in crypto!
Mog/WETH 1D Uniswap Log Chart
With Popcat being rapidly repriced, I donāt think Mog, with 50% of the market cap, will sit on the sidelines.
Usually, they are reasonably correlated, but thereās likely a catchup trade here at the moment. My squiggle above from early October is tracking well. We just retested the quarterly VWAP, and I think the price accelerates towards an all-time high from here before moving on to the top of the channel.
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!
Onchain attention statistics for last 7 days.
Source: Chainedge
Smart-money movements of the day.
Source: Chainedge
The important bits.
EOS (L1) - Unveils the 2025/26 roadmap
Core DAO (Bitcoin DeFi) - TVL has officially passed 600 million
Blendy (MemeFi) - Explains how Blendy will conquer the memecoin space
Sophon (Entertainment layer) - Releases new article explaining product philosophy
Infinex (DeFi) - Finished a $67.70M Patron NFT sale
Radix (DeFi)- First perp. dex Surge is live on Radix
Cardano (L1) - Announces plans to become a Bitcoin L2
Hyperliquid (L1) - Plans to list PURR perpetual
Chainlink (Oracles) - Data Streams is available on Solana mainnet
Grass (DePIN) - Launched the GRASS token and airdrop
Even more important bits.
BlackRock`s Bitcoin holdings climb to $27.73 billion
Hacker exploits Truth Terminal founderās X account, nets $600K
Bybit will list SPX perpetual
Hong Kong Stock Exchange to launch a Virtual Asset Index
Nvidia unveils Collosus, the world`s most powerful AI computer
Larry Fink says "We're going to have at least" another 25bps interest rate cut
Vitalik releases new episode of Ethereum`s Future: The Splurge
Charts and stats of the day.
MOG is the strongest mover of all top 100 coins
Weekly USDC txn volume on Base climbs above $120 billion
Life gets busy so hereās what youāve missed.
SOPHON Explained: Everything You Need to Know | SOPH Token, Nodes, Consumer Crypto Apps
Podcast
Grant hosts Seb co-founder of Sophon, a blockchain-based platform that aims to bring a more user-friendly, consumer-focused, and entertaining experience to the crypto industry.
Tune in on Spotify | YouTube ā
Satoshi App: Everything about Bitcoin in one place
Podcast
Jedi hosts Cassie from Satoshi App, a platform that provides users with access to airdrops and Bitcoin-related products and protocols.
Tune in on Spotify | YouTube ā
To save you doom scrolling.
Alpha drop from Gabriel.Å
Cryptocurrency can be extremely painful. The highs and the lows will take you for a ride. Keep perspective, forgive yourself for past transgressions and strap in.
ā Gabriel Haines (@gabrielhaines)
3:18 PM ā¢ Oct 29, 2024
Now is the time to sit tight, protect our positions, and watch the show. If you`re positioned well, don`t fuck it up now because soon, this train won`t give many more opportunities to jump back in.
stay safe homies,
Hix0n š«”
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