Moni's Edge #15: Is it the Zhupercycle continued?

Alpha, Early Projects, Market overview, random thoughts, and just magic – wagmi.

, and

Dec 01, 2023

💜 If you like what we’re cooking here and would like to support, click the button below and share with your internet frens

State of the Market and News

gm Edgers, hope you’re doing great, allocated and just enjoying the pump.

Alright, looks like we've finally cracked that $38,000 resistance, thanks to the Bitcoin ETF news (details below)

Not thrilled about this happening right before the weekend, but hey, previous dips from this level weren't too bad. Buyers are staying strong and we're at it again, trying to firmly establish above this $38k point for $BTC.

We might actually see Bitcoin hit over $40k pre-ETF. Once the ETF gets the green light, interest on BTC might dip briefly. People will be waiting for the ETF trade to kick off post-approval, and that could take months, leading to a bit of disappointment and a short-term mood drop.

But, this could be good news for ETH, as folks might now turn their attention to the second big player, waiting for its ETF approval, same game.

Anyway, keep adding to your strong coin positions. Don't fade - that's biggest HARAM at the beginning of a bull run, while coins are still cheap.

Narratives melting faces this week:
- Gaming,
- AI,
- Solana,
- DeSci,
- DePin,
- Inscriptions.

Keep an eye on coins in these areas.

Just gonna list the tickers I'm following, just because, you know, right? RIGHT »»»»
$TIA, $SEI, $RUNE, $BANANA, $STX, $SOL, $INJ, $FXS, $DYDX, $SNX, $FLIP, $PYTH, $TAO

What else is up?
- Stablecoin inflow rising;
- Coinbase is killing it in the stock market;
- Grayscale's discount is dropping;
- Zhu Su is back to his account?

Other CHADs thoughts on the Market

- CT Alpha of the week by VIKTOR

- Opinion of the Karl

- DonAlt saying that we have to hold higher 37,2k – to be back

- Fomocap on different scenarions

- Why BTC could stall from here by ChiefingZa

- Pentoshi on taking risks and Game Theory

- Jonah on CZ situation

- Building positions in an Uptrend by Cold Blooded Shiller

🧠 Stay strong, stay solvent, and you'll be rewarded with the best days coming to make a lifechange moni.

Narratives for Rotatooors

Trading Terminals

So far, it seems that this narrative is similar to the sniper bot narrative that started in May this year.

At first it was very uncomfortable, most of the potential users either hadn't heard of bots at all, or had heard of them but didn't take it seriously. After a while the first users started generating huge revenue for MAESTRO and Unibot, which was the second step to get the hype around this narrative. Now it is already mainstream and a huge number of degens are using trading bots. It is quite likely that Trading Terminals may repeat the road of sniper bots. So far, there are very few projects in this area, one of the released Wiskers, which has 1M$ mcap, but to be honest, you can not call the interface user-friendly, also many are waiting for Rug AI. The main thing we must remember is that there is still no terminal on the market, which is user-friendly and was able to attract users! Perhaps Rug AI will be able to do it. After all, they have implemented a referral system so that Influencers will write threads about them, they have included AI in the terminal, and they have a strong team. If their token is very successful, it will cause a huge influx liquidity to tier-2/3 terminal coins.

Solana Season

Solana continues to impress us. Throughout the month, three significant airdrops were announced: Pyth Network, Jupiter, and now Jito (similar to Lido but on Solana). Firstly, a considerable number of airdrop participants, who are yet to receive their drop from Layerzero, have already initiated and, we believe, will continue to bridge their liquidity to Solana. This move aims to seize opportunities for drops in other promising projects like Drift and Zeta.

Secondly, we will closely monitor the Jito release. If there is no revaluation, we plan to buy this coin during the dump. Additionally, Solana's 24-hour NFT sales volume recently exceeded $9 million, showcasing the platform's thriving NFT ecosystem. Several NFT collections on Solana, such as Mad Labs, are currently performing strongly, with 158 SOL floor price, equivalent to 4.6 ETH.

In this context, it is undoubtedly worthwhile to keep a close eye on the NFT ecosystem on this chain. Notably, Blur - Tensor also deserves attention. If it distributes an airdrop in a timely manner, it could further impact the NFT market.

Early projects (mostly Degen plays)

Botanix Labs
If you're not familiar with the project, it's the first fully decentralized Layer 2 EVM on Bitcoin, combining the security and decentralization of Bitcoin with the ease and versatility of the EVM.
We know that the team has successfully raised seed funding and is confident about planning future fundraisers.
The team is transitioning to the testnet phase, and this is what caught our attention - the Moni team will actively participate in the project and keep an eye on updates.
- Chain: Bitcoin L2
- Segment: Infrastructure
- Twitter: https://twitter.com/botanixlabs
  The project first appeared on the Moni Discover off-chain analytics app on 14 December at 8 followers.
Breakout
It’s a prop trading firm called Breakoutprop is launched by @unclesendit, @CryptoCred, and @abetrade.
This evaluation-based firm allows users to trade global markets and earn real payouts. Their platform, after a year of development, excels in crypto execution, integrating with tier-1 exchange liquidity for sharp spreads and unmatched market depth. Check out more on their website here or join their Discord.
- Chain: -
- Segment: CeFi
- Twitter: https://twitter.com/breakoutprop
  The project first appeared on the Moni Discover off-chain analytics app on 29 November.
Lemon Terminal
A platform streamlining the crypto trading experience. It combines centralized exchange, futures, news aggregation, and on-chain trading.
The $LEMON token is at its core, granting access and sharing profits. Focuses on community success through staking and profit-sharing.
Also, the team shared a documentation article on Medium that you can read here.
- Chain: Ethereum
- Segment: Automation
- Twitter: https://twitter.com/LemonTerminal
The project first appeared on the Moni Discover off-chain analytics app on 27 November.
HIGHTENSOR
Hightensor combines elements of BitTorrent and Bitcoin mining.
The network operates in a decentralized manner, ensuring no single user has control over it, and users have the freedom to train and fine-tune their models independently. It functions as a peer-to-peer machine learning network.
The project also has plans for a token - check it out here.
- Chain: Ethereum
- Segment: AI
- Twitter: https://twitter.com/hightensor
  The project first appeared on the Moni Discover off-chain analytics app on 29 November.