👉 Portfolios Draining! What Can We Do Right NOW?
💎 Why Arweave Can Destroy Other Chains (Allegedly)!
📰 What Can We Do Right Now?
💎 Arweave and the Blockchain Trilemma
💥 Memes to Avoid?
📢 Samourai Founders Arrested, Biden TikTok Ban PLUS MORE!
💭 Prepare for the Worst!
Good Morning Degens,
Investors are getting uneasy and restless! Crypto is slowly losing its heartbeat!
So, while these boring times are upon us, what can we actually do? We’ll explore the top chains to research, as well as look at how Arweave is solving the blockchain Trilemma!
What’s that you say?
Let’s dive in!
🌍 Market Catch-Up
Top 100 coins Daily Performance - Banter Bubbles
📰 Question of the Day
What Can We Do Right Now?
Everyone is lost for what to do right now!
The market is getting stagnant. And so we ask: what can we actually do right now?
Firstly, let’s look at what’s happening in macro world.
According to The Kobeissi Letter:
META beats earnings expectations, stock down 10%
TSLA misses earnings expectations, stock up 10%
Markets price-out 4 rate cuts, gold hits all time high
Gold hits all time high, bond prices hit 6-month low
Geopolitical tensions worsen, #Bitcoin prices crash
Mortgage rates rise, housing prices push higher
Meanwhile Joe Biden is proposing the highest ever capital gains tax in the US, 44.6%.
Yesterday news of the Israel tensions sparked some fear in the markets and Bitcoin came down. It finds itself below the important psychological $65k level right now. But many believe it is simply still ranging.
Meanwhile, this news didn’t help crypto: BlackRock’s IBIT ETF had $0 inflows yesterday!
But we’ve talked in the past about how this doesn’t really matter. The flows will slow down over time. The new shinny ETF will become more stagnant, like crypto is right now.
So, What Can We Do?
We take this calm as a gift. This is the time to do our research and build our portfolios. Doing so now will be much easier than when things take off later in the bull market.
These are the ecosystems that I believe have the biggest potential to explode this bull:
Arweave (AR)
AO Hyper Parallel Computer announcement was extremely bullish for Arweave and promises to do things better than all other blockchains.
That was only half the story. Another big announcement is coming soon according to Arweave founder Sam Williams.
Check out the Degen’s Den section to see how Arweave is slowly getting ahead of the competition (without many noticing)!
Fantom (FTM)
Potentially going heavy on DeFi (speculated from all the angel investors they are onboarding that have a deep background in DeFi).
Many new memes are appearing on the chain that could explode.
Solana (SOL)
Memes have given the chain new life. The most popular memes today are trading on Solana.
The chain is one of the fastest around and despite recent performance issues the devs are improving it all the time. Low transaction fees will drive more devs and investors to the chain.
Easy for retail to onboard to with mobile wallets like Phantom and Solflare.
Also, Coinbase Wallet has just integrated Solana tokens.
Near (NEAR)
Focusing on AI (one of the hottest narratives speculated for this cycle).
Ton (TON)
Notcoin points to be converted to NOT token. NOT will likely be the base coin used for crypto transactions between users within Telegram.
Telegram has nearly 1 billion users. Devs and VCs like users. Many apps will be built within Telegram using the Ton blockchain.
Avalanche (AVAX)
Potentially going heavy on gaming.
Gunzilla games is using its Avalanche sidechain called GUNZ to take the first leap into NFTs that can potentially be traded across multiple traditional gaming platforms, like XBOX and Playstation consoles.
Base
Coinbase’s own L2 that is set to onboard millions of users via its easy access.
Base has now generated over $50 million in revenue for Coinbase (COIN), so Coinbase will continue to build on it and bring in projects.
None of the above is financial advice, merely my own opinions and views. Do your own research.
Virtual Bacon agrees on most of them though!
But, for those friends that ask “What do I buy, bro?”, I might show them this!
NFA. DYOR.
💎 Degens’ Den
Arweave and the Blockchain Trilemma - Bullish!
Arweave is solving the issue of the blockchain trilemma. The trilemma is basically having a blockchain that can handle all three of the below without compromising on any one of them:
Security
Decentralization
Scalability
You should definitely check out the whole post, but here is a breakdown of the analyses. I am a big fan of Arweave, know developers in the space that are creating amazing things, and (for transparency) am also invested in the Arweave (AR) token:
Security
Arweave employs a unique Proof of Access (PoA) consensus mechanism, designed to be tamper-proof by requiring nodes to confirm access to data blocks. POA requires the nodes to prove they are storing both the previous block, as well as a random block. This incentivizes them to store the entire Arweave ledger to earn more rewards (resulting in a high replication rate).
Decentralization
Between 75 to 200 nodes participate in the network, with potentially thousands of operators due to pooling. This structure, combined with a high replication rate of data storage (est. 250+ replications of the full dataset), strengthens decentralization.
The estimated size of Arweave is currently ~45,000 TiB / ~160TiB (unique data size).
Arweave supports both mining nodes and gateways, the latter of which serve and index content, further decentralizing access and storage.
Scalability
Arweave addresses scalability through bundling transactions, allowing vast amounts of data to be processed efficiently. This approach is similar to Ethereum's rollups and supports massive scale operations. Bundles can store up to 2^256 transactions.
For shock impact, here is the above number (2^256) typed out fully: 115,792,089,237,316,195,423,570,985,008,687,907,853,269,984,665,640,564,039,457,584,007,913,129,639,936
And each bundle only counts as one transaction. Arweave’s mempool (the number of queued transactions it can handle before it starts dropping transactions) is 1,000. So, add another three zeros to the above number.
Check out the full post on X and be sure to follow “Only Arweave” for all the latest Arweave alpha!
💥 Best Alpha Posts of the Day
Memes to Avoid?
We all want to avoid pump and dumps.
Here is a list of what to look out for in most projects, but specifically memecoins.
Yield App Successfully Concludes Me3 Launch!
Yield App is our new partner. I'm blown away by what the team is building. On the surface, Yield App looks like a centralized wealth management app, but in fact, it goes so much deeper than that. And their numbers speak for this!
What stood out to me is the rigorous due diligence and risk management for each project in their app, alongside the substantial yield offered (up to 25% APY) on deposited assets. This yield is genuine and actively managed by the team, not generated internally or via lending, with rates continuously adjusted for optimal user returns.
But here’s where it gets really interesting…
They have a launchpad named "Angel Launchpad" and just successfully completed the launch of their inaugural project: ME3.
Did you miss out? Ouch!
Well, more projects are on the way. Create an account today and get involved! 👇
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🐸 MEMEoirs of a Degen!
Savage Sven!
This market makes no sense!
📢 Biggest Announcements
Samourai Wallet Founders and CEO Arrested on Money Laundering Charges
Magic Eden Set to Launch on Base Tomorrow
Biden Seeks to Ban TikTok in the US
Apple Reportedly Slashes Vision Pro Production
💭 Banter’s Take
Let’s all stay focused and prepare for what is to come.
At the same time we also need to remember that nothing is set in stone and there is nothing to say that crypto won’t crumble down into bear market prices tomorrow. The is why we need to manage risk!
See you all tomorrow!