š¤ Did Michael Saylor Start an Altseason?
PLUS let's check back on the best Solana opportunities!
š Market commentary.
GM, itās a Big Week.
The cryptocurrency world feels like an entirely new landscape at the moment. Even though today weāve got some FUD coming in due to Mt. Gox wallets moving around $7 billion worth of Bitcoin, the overarching vibe is truly bullish.Ā
Trump is continuing to blow the crypto trumpet, saying itās important for the USA to keep crypto in its hands and stay globally competitive. Even Michael Saylor did a complete one-eighty and is now saying that itās āimportant to rethink all your modelsā and that itās not only about Bitcoin now but the whole crypto asset class. Yes, there are probably millions of very confused laser-eyed people right now, but this was always to be expected.Ā
After the Ethereum spot ETF approval, itās now clearer than ever that we are entering the second half of the bull, marked by descending Bitcoin dominance and capital moving into and exploring altcoins, starting with the ETH ecosystem.
In other words: altseason.
š Lukeās Chart of the Day
Based culture coin - consolidating since 3 March: Retardio.
When Solana reclaims the majors lead, this is one place I want to have some chips on the table. The Point of Control lines up perfectly with the first 0.236 fib (obscured by the red line). Anywhere around this level (purple box) is probably a good place to accumulate.Ā
A steady succession of higher lows suggests we may not hang around here for much longer. I am currently long Solana and Eth. The SOLETH pair is at the bottom of the 1D range. With the latest likely ETF approval (bullish for majors failing the Howey test) and liquidity grinding higher, Solana is probably going back to all-time highs sooner rather than later.
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!
š„ Degen corner.
When everyone looks one way, look the other.Ā
Ethereum has been declared dead more often than a soap opera villain in the past few months. But now, itās the big second best again, and the main ETH beta coins like PEPE and MOG are basting in gains.Ā
Nevertheless, the current capital reallocation presents several opportunities in the Solana zone.
Remember, this is a very volatile game, and letās be clearāthis isnāt financial advice. But if you managed to print on the ETH side, check to SOL side, to me personally, that means especially:Ā
š DeFi insights.
The important bits.
Sei (L1) - Launched V2 - read
Nftperp.xyz (NFTFi) - 1,371% APR available on Puppets X NodeMonkes - read
Manifold (DeFi) - Partners with Tao Bot - read
DeFi Saver (DeFi) - Adds new features for Morpho Blue - read
Taiko (ZK-EVM) - Live on Ethereum mainnet - read
Arbitrum (L2) - Plans a web3 game Captain Laserhawk with Ubisoft - read
Badger (DeFi) - Offers extra incentives for borrowing Bitcoin - read
Radix (DeFi) - Gamifying DeFi participation with Token Trek - read
Fantom (L1) - Raised $10M for Sonic Foundation - read
š° DeFi news.
Even more important bits.
Ethereum Pectra upgrade to roll out Q1 2025 - read
UK woman jailed for $5.6B crypto money laundering fraud - read
Friend.tech price drops over 20% after co-founder Racer hints at leaving Base - read
Trump promises to free Ross Ulbricht - read
Argentine president met with El Salvador officials to discuss Bitcoin - read
Bitcoin, Ethereum ETPS to make debut on London Stock Exchange - read
Ethereum L2s hit ATH total-value-locked - read
Nomura, Laser Digital, GMO to explore JPY, USD stablecoins - read
š« ICYMI.
Life gets busy so hereās what youāve missed.
What is Mantle Network? Explaining $MNT, How to Bridge and Alpha
Research
CryptoTubeYT walks you through the basics, Mantle's competitive edge in the L2 space, that treasury, $MNT, how to bridge there, incentives, and all the alpha you need.
Unstoppable: The Robinhood of DeFi
Research
UnstoppableFi is poised to be DeFi's answer to Robinhood.
It's the ultimate DEX flying under your radar. The spot and margin features are next-level, with access straight from your phone at your convenience.
š¦ And finallyā¦
No matter what tiny FUD gremlins creep in, we must remember this is a full-out, complete, and unadulterated bull run. When the tables start turning, weāll make sure to flip bias. But for now, itās important to stay consistent.Ā
much love,
blocmates team š«”
If you havenāt alreadyā¦ hit the subscribe button and get the coolest welcome email in crypto!
Thank you!