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- 😎 Trump Goes DeFi, And You`re Bearish?
😎 Trump Goes DeFi, And You`re Bearish?
Plus Yeeti on Hyperliquid is looking promising!
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Let me start with this: the literal president of the United States is in the trenches buying shitcoins in his 70's. Trump is aping ETH, LINK and AAVE here, and one swift look at these charts confirms that. Well, to be precise, Trump`s project LibertyFi is making the buys.
Moreover, historically, we`re living through the most bullish phase of the crypto cycle: its election year, December 2024. Looking back and checking the charts, these are not the times to sell (historically).
When that time comes, well, we`ll change the tone. For now, it’s time to lock in.
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YEETI/USDC 4H Hyperliquid
Hyperliquid spot TVL ($720m now) and perps volume ($60 billion last week) has been absolutely ramping since TGE on 29 November. The HYPE wealth effect and increasing popularity amongst traders means some of the memes have been firing up - here’s my current watchlist. Spot / memes are still a relatively low-key part of the platform, but a couple (HFUN, PURR) have done really well.
I want to plant some seeds to take advantage of increasing degen meme activity on the platform. Yeeti is at $11m market cap, has good momentum, decent Twitter follows and over $1m daily volume at the moment, so I snagged a little bag to see where it can go. I like the funnel structure on RSI and the recent support resistance flip.
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
The important bits.
LayerZero (Interoperability) - Hosting referendum to turn fee switch on
Virtuals (AI) - Introduces the Agent Sandbox
Balancer (DeFi) - Rolls out the V3 upgrade
Frax (DeFi) - Releases The Vision roadmap
Nillion (First blind computer) - Featured in Blockworks article
Vana (AI) - Publishing new tokenomics
Even more important bits.
Circle partners with Binance
Microstrategy to be added to QQQ
Ripple Receives Final Approval From NYDFS For RLUSD
Life gets busy so here’s what you’ve missed.
TITLE [HEADING 4]
Research
The Maia gang is back with a bang! In this article, you will find everything the team has been building with Maia, Hermes, Talos & Ulysses.
For the eagle-eyed, you may also have noticed the current proposal to launch products on ____
Debox (Ethereum storage)
Jina AI (Search engine)
Echow (Art)
nomAI (Ai)
Wise Monkey (Memecoin supported by Floki)
To save you doom scrolling.
The normies listening to mainstream media are destined to ruin.
I’ve never seen the media get this unhinged on crypto before lol
They’re basically going full covid fear-porn now
— DANIEL GOT HITS (@danielgothits)
2:39 PM • Dec 11, 2024
If Bitcoin goes higher during December, it goes higher during January.
Enough said.
stay safe homies,
Hix0n 🫡
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