Eric Trump, Lucas Netz, Pacmoon, Ripple, DeGods, Animoca, Doodles....

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👀WHAT’S THE META..👀

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:

📆 NFT DROPS POWERED BY ALPHABOT 📆

1. @PlayShadowWar

   SHADOW WAR is a next-generation hybrid action title.

   Backed by @Momentum_6, @CogitentV and others.

   Mint Date: 15th August / Supply: 444 / Chain: ETH FREE MINT

2. @decimated_game

   Mint Date: 16th August / Supply: 5000 / Chain: SOL

3. @DarkMachineGame

   SEIZE THE DARK ⚙️ Backed by @TencentGames and @Immutable

   Mint Date: 19th August / Supply: 333 / Chain: ETH FREE MINT

4. @ChainVirus

   Generative art & glitch

   Mint Date: 20th August / Supply: 2222 / Chain: BTC

₿ BTC/ORDINALS ₿

Project Overview: Inscripedia

Project Summary:
Inscripedia is a platform that brings the literary world to Bitcoin through the Ordinals protocol. Unlike traditional blockchain art, which focuses on PFPs and JPEGs, Inscripedia is creating a text-centered ecosystem on Bitcoin's Layer 1. This decentralized platform is designed to support various forms of written art, including books, poems, short stories, plays, and comics.

Key Features:

1. Decentralized Publishing House: Inscripedia offers an inscription service tailored for book publishing, providing features like inscribing in real book formats at the lowest market fees.

2. Uncensored Library: A digital library where all on-chain literature is accessible, similar to YouTube for books.

3. Bookstore: An Ordinal marketplace specialized in literary inscriptions.

Opportunities:

• New Markets: Inscripedia opens the door to a vast market for books, poems, comics, and more within the Ordinals ecosystem.

• New Artists: It will attract a new wave of writers, making it easier and cheaper for them to publish and sell their work on-chain.

• Novelty: Introduces new ways to interact with and trade literary NFTs, such as rare books, interactive comics, and on-chain games.

Collectibles: Inscripedia will launch "Seasons," collections of public domain literary classics as Ordinals, starting with a collection inspired by Casey Rodarmor. This collection includes five books, each with varying rarity, and offers exclusive perks for holders.

No Whitelisting: The minting process will be 100% public, ensuring equal opportunities for everyone.

🪙CRYPTO DIGEST🪙

BTC was able to reclaim and close the week back inside the multi-month range, successfully overcoming the critical Q1 mid-point at $56,150, as mentioned last week. This level remains crucial and should be closely monitored in case of another drawdown. Following the reclaim, BTC rallied directly to the Q3 open level but has since struggled to break the local downtrend being formed. The key levels to watch are:

Q3 Open: Should BTC manage to overcome this level, the next target could be the Q1 1/4 level, which might provide resistance. If BTC flips this into support, it could trigger a bullish continuation.

Q1 Mid: If BTC holds this level as support, it could retest the Q3 open. However, if it fails to hold, a retest of the local low near $49,577 could be on the cards.

These levels will likely define the range BTC oscillates within. A break above or below these levels could signal the next major move.

BTC Dominance put in a new cycle high at 57.71%. This cycle-long uptrend in BTC dominance is likely to continue until we approach a period of looser monetary policy. During this time, ETH and the broader alt market are expected to underperform BTC unless the current monetary policy shifts.

ETH/BTC has so far held the current lows at 0.04 and has since rallied by 14%. Locally, it’s essential to watch if ETH can overcome the 0.0462 level and flip it into support. Achieving this would create a favorable scenario for ETH/BTC to challenge the upper bound of its descending channel. However, failure to hold this level could lead to a retest of the lower boundaries.

The broader alt market, as represented by OTHERS/BTC, is currently holding and potentially forming a double bottom. This low is critical to monitor, with the market currently 6% up from the lows. If this double bottom holds, it could signal a more significant recovery in the alt market.

Gold: Gold is currently testing its ATH and might put in a new one in the coming weeks. Given the current uncertainty in global markets, Gold is expected to continue performing well this year.

S&P 500: The S&P spent last week recovering from the sell-off at last Monday’s open and has started this week attempting to reclaim the $5,375 level, which would indicate a continuation of last week’s recovery.

Market Data Importance:

This week’s market data is crucial, with the following releases to watch:
PPI (Tuesday)
CPI (Wednesday)
Initial Jobless Claims (Thursday)

These data points will provide critical insights into the economy's health and could influence the broader market’s direction.

🐸MEMES🐸

The meme market is an interesting one at the moment. There's a lot of discussion about pump fun and how it has oversaturated and as a result, ruined meme coins and I partly believe that to be true. However, there will always be opportunities and anyone who tells you otherwise is wrong.

I personally believe as a memes buyer you need to shift your focus if you want to be profitable. If you're still trying to get in on coins before they've migrated off of pump fun then you're doing it wrong. Sure, you might catch a runner, but (in the last 24 hours) with only 175 coins out of 16,357 making it to raydium and only 19 remaining above the 69k market cap level, that chance is minimal and you'll lose all your funds gambling. You're better off investing into the longer term coins as well as only buying newer pairs that are already past raydium and consolidating.

There are also a lot of influencers who suggest when events such as presidential debates and Elon and Trump's spaces happen, you should watch and ape into new tickers that come out of these events on bullx. In my opinion, this is a complete waste of time and money. There might be one or two coins that do well but they won't be as straightforward as you think. These events are paradise for ruggers, so I would recommend saving your money for better memes.

On top of this, ethereum meme coins are gaining traction and gas is still fairly low. There's also no pumpfun on ethereum so coins are likelier to run up than on solana. Bear this in mind and try and pay attention to unique new meme launches on ethereum,

Spider Sensei: Alpha before it’s Alpha
Using Social Sentiment to curate new coins, NFTs, & protocols—before they trend. X / Discord