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- BTC Trends, Weekly Outlook, Blackrock, Ripple, Hype, Nakamigos, AI Coins, Memecoin Meta
BTC Trends, Weekly Outlook, Blackrock, Ripple, Hype, Nakamigos, AI Coins, Memecoin Meta
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šWHATāS THE META..š
GM, GA, or GN wherever you may be.
Want to stay ahead of the curve? Don't worry we got you. The market has been brewing, here's what's currently happening:
Jupiter has announced its plans for the upcoming "Jupuary," during which it will airdrop 700 million JUP to 2.3 million users and 650,000 JUP stakers, with priority given to super stakers. Read MoreĀ» |
Strive Asset Management, co-founded by Vivek, is preparing to launch an innovative "Bitcoin Bond" ETF, offering investors a new way to access crypto. Read MoreĀ» |
Read MoreĀ» |
BlackRock's Bitcoin ETF has become the fastest-growing ETF in history, highlighting the demand for Bitcoin over the past year. Read MoreĀ» |
CEO of Ripple meets with Donald Trump. Read MoreĀ» |
Hyperliquid has introduced staking for $HYPE, allowing users to stake with validators and earn rewards. Read MoreĀ» |
The NFT project Nakamigos has launched a new RPG game called āRise of the Wolfā, built on Unreal Engine 5. Read MoreĀ» |
The AI coin sector currently has a market cap of $14 billion, down from $17 billion last week. The top gainers include AI16z, which reached a $2 billion market cap, and Fartcoin, which surpassed $1.4 billion. Read MoreĀ» |
AI16z has unveiled an automated news show powered by AI, showcasing significant advancements in its AI technology. Read MoreĀ» |
šGIVEAWAY TIMEš
GameCentric (GC), the platform by gamers, for gamers, publishers, brands, and fans. Building the Next-Gen Gaming Ecosystem. Earn, Engage, Educate, Empower, Entertain, Elevate unleash the full spectrum of gaming. From Web 2.0 to Web 3.0: GC is revolutionising gaming with over 150,000+ active gamers and 50+ popular game titles**. The future of gaming starts here.
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šŖCRYPTO DIGESTšŖ
BTC/USD: Weekly Outlook and Long-Term Expectations
As 2025 begins, Bitcoin (BTC) continues to build momentum while remaining within a predefined trading range of $90,000 (range lows) and $106,500 (range highs). BTC has started the week on a strong note by reclaiming the midpoint of the range and is now challenging the next 1/4 point. This is a critical area to monitor as BTC works to establish a breakout from its current structure.
Macro Targets and Probabilities Assuming diminishing returns persist, the FibMa bands provide insights into the most probable peak zones for this cycle:
Purple Band (<5%): Historically improbable given the trend of diminishing excess.
Red Band (~10%): While BTC exceeded this by 15% in 2021, a repeat is unlikely due to further diminishing returns.
Orange Band (~50%): Most likely peak zone, aligning with the trend trajectory and long-term market dynamics.
Yellow Band (~35%): BTC is approaching this zone, making it another realistic target.
Overall, I expect the Orange Band to define the cycle's peak, with the Yellow Band also being a highly probable zone. BTCās path toward these levels will depend on maintaining strength above key levels in the short term while capitalizing on the broader bullish momentum as the year unfolds.
BTC Dominance
BTC Dominance has remained elevated, holding above the macro downtrend and attempting to reclaim the ascending channel. While I believe dominance is likely near its peak for this cycle, it could rise further as long as monetary policy remains restrictive. Should dominance break below its current structure, it could signal the start of an alt season, but until then, BTC continues to lead the market.
ETH/USD: Building Momentum
Ethereum (ETH) is nearing the cycleās midpoint of its ascending channel, a significant resistance area. ETH remains rangebound between $3,300 and $4,000, and a breakout from this range could signal a shift in market dynamics. ETHās potential move higher would be supported by broader market strength and its ability to maintain momentum as it challenges critical levels.
Accumulation Range
ETH/BTC remains in its accumulation range between 0.04 and 0.0319, and I strongly believe we are witnessing the bottoming process for this pair. This range represents an excellent opportunity for accumulation, as ETH is likely to begin outperforming BTC in the coming months, potentially leading the broader altcoin market into its next major phase.
Altcoin Market: Total3/BTC and Others/BTC
The broader altcoin market, represented by Total3/BTC and Others/BTC, has seen a modest pullback against BTC. This is largely due to BTCās rapid price appreciation, which has outpaced most altcoins. Should BTC stabilize at current levels and maintain its uptrend, I expect the alt market to quickly catch up, signaling the beginning of a broader altcoin rally.
Broader Economic Data to Watch This Week
This week brings significant economic updates that could influence market sentiment:
Wednesday:
Initial Jobless Claims: Providing insights into the labor marketās health.
FOMC Minutes: Offering clarity on the Fedās decision-making process and its outlook for monetary policy.
Friday:
US Unemployment Rate: A critical indicator of the economyās overall strength, especially given its connection to potential Fed rate adjustments.
šøMEMESšø
The on-chain market is in a pretty good place right now. Pure memes themselves have struggled over recent weeks, however there have been some clear winners while memes overall have struggled, especially $SPX and $GIGA which have made new highs. On top of that, $MLG has rocketed to over $150 million market cap from $3 million market cap in around two weeks. Most of this is due to Faze Banks' growing support of the coin. As a result of $MLG doing well, culture coins are catching a bid and there seems to be sentiment that liquidity will rotate to pure memes and culture coins again over AI coins.
In my opinion, it's best not to take the narrative too seriously. AI coins aren't being talked about as much at the moment because of this narrative about MLG and gaming/culture coins, with many saying the meta is shifting. They may be right because the data suggests that AI coins aren't a meta, they're here to stay - top on-chain AI coins are doing extremely well at the moment, with coins such as $BUZZ rocketing past the $100 million market cap point. The best strategy here would be to bid AI coins with legitimate tech that are a few days old and haven't had huge moves (100m+) yet, such as coins like $BUILD (https://x.com/usebuildfun). It's not just Solana coins that are doing well either, AI coins on Base and Virtuals have been ripping and seem to be a lot less competitive than Solana, so that would also be a good place to look.
Overall, if you want to make life-changing money over the space of the next few months, AI on-chain is where you should be looking.
šGIVEAWAY TIMEš
Kabuās mission is to foster a family-friendly intellectual property (IP) that spreads positivity, connection, and collaboration. They plan to capitalize on the growing Web3 space, with plans to transition into Web2 channels already in motion. Kabu will be offering both digital and physical experiences through multiple channels during their roadmap. Their upcoming NFT collection will be launching on Abstract Chain.
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Email Subject: KABU
Winners will be drawn in 48 hours and will be notified via direct message on X. Good luck!
šFOR THE CULTURE: DOGECOINš
Dogecoin: from meme to crypto darling
Dogecoin, the cryptocurrency featuring the iconic Shiba Inu dog from the "Doge" meme, has become a prominent player in the crypto world. Initially created as a lighthearted joke in 2013 by software engineers Billy Markus and Jackson Palmer , Dogecoin was intended to be a fun and accessible alternative to Bitcoin. It is notable for being the first cryptocurrency based on an internet meme . Little did they know their creation would capture the hearts and minds of a massive online community and become a significant cryptocurrency with a market cap of over US$85 billion at its peak on May 5, 2021 . Throughout the years, Dogecoin has experienced some key milestones, including this all-time high and the recent surge in value due to the election of Donald Trump .
One of the key figures associated with Dogecoin's rise is Elon Musk, the CEO of Tesla and SpaceX, who has been dubbed "the Dogefather" by the Dogecoin community . Musk's frequent tweets about Dogecoin, often accompanied by memes and humorous remarks, have significantly impacted the cryptocurrency's price . For example, in early 2021, Dogecoin surged over 20% after Musk tweeted, "Dogecoin might be my fav cryptocurrency. It's pretty cool" . Another instance saw Dogecoin's price increase when Musk hinted that it could be used to buy Tesla products . His endorsements of Dogecoin, often accompanied by memes and quirky remarks, have generated enthusiasm among investors, leading to price surges and increased trading activity . However, Musk's influence on Dogecoin's price has also been a source of controversy, with some accusing him of market manipulation .
The cryptocurrency culture surrounding Dogecoin is deeply intertwined with internet memes and social media trends. Dogecoin's playful and approachable image has resonated with a broad online community , particularly on platforms like Reddit, where it is often used as a tipping currency . Social media platforms have played a crucial role in amplifying Dogecoin's popularity and influencing its price fluctuations . Trending news, viral memes, and influencer endorsements can all contribute to significant shifts in investor sentiment and trading activity . Interestingly, the recent creation of a government initiative named D.O.G.E. (Department of Government Efficiency) further exemplifies the blending of internet culture with serious political discourse, highlighting the increasing influence of memes on mainstream dialogue .
Despite its popularity, investing in Dogecoin carries inherent risks. Its value is highly volatile and susceptible to market sentiment and social media hype . Dogecoin also faces challenges in gaining wider adoption as a legitimate form of payment compared to more established cryptocurrencies like Bitcoin . Furthermore, the lack of regulation in the cryptocurrency market increases the risk of fraud and market manipulation .
However, Dogecoin also offers potential rewards for investors. Its strong community support and active development contribute to its resilience and potential for long-term growth . Moreover, the increasing integration of Dogecoin into payment systems by companies like Tesla could further enhance its utility and value . Dogecoin also benefits from fast and low-cost transactions, making it suitable for microtransactions and online tipping . Its blockchain has an average block time of one minute, enabling relatively quick transactions compared to Bitcoin and other major cryptocurrencies .
The future of Dogecoin remains uncertain, but its journey reflects the evolving relationship between internet culture, social media, and the cryptocurrency market. While Dogecoin's origins lie in a meme, it has become a symbol of the growing influence of online communities and the power of social media to shape the financial landscape. Elon Musk's endorsements have undoubtedly played a significant role in Dogecoin's rise, but its volatile nature and reliance on social media trends also pose risks for investors. Experts predict Dogecoin will peak around $0.70 in 2024, with the potential to reach $1.95 by 2025 . Furthermore, the potential impact of integrating Dogecoin into X (formerly Twitter) as a payment method could significantly influence its future trajectory . Whether Dogecoin will continue to thrive or fade into obscurity is yet to be seen, but its impact on the crypto world is undeniable
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