- AlphaTLDR
- Posts
- $PENGU, Opensea, BTC ATH, FARTCOIN, Phantom, Microsoft...
$PENGU, Opensea, BTC ATH, FARTCOIN, Phantom, Microsoft...
This newsletter is proudly sponsored by Alphabot Premium the premier community for WEB3.
New Decentraland desktop client for Mac and Windows
Enhanced avatars and social interactions
Improved performance and upgraded environments
New features: badges, daily quests, and mini-games
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:
$PENGU, the Pudgy Penguins Memecoin, launched with over 7 million wallets eligible for the airdrop, including Solana and Ethereum OG users. After one hour of trading, $PENGU reached a market cap of $4.5 billion. The coin has since been listed by Binance and other Centralized exchanges. Will NFT projects releasing a token be different this time? Read MoreĀ» |
For the first time in history, Pudgy Penguins reached a floor price of $100k amidst the launch of $PENGU. This has caused major inflows of liquidity into NFTs. Read MoreĀ» |
Speculation about an Opensea airdrop is rising after someone discovered that a company named "Opensea Foundation" was filed in the Cayman Islands. However, a company filing in the Cayman Islands could signify many things. Read MoreĀ» |
Bitcoin has reached a new all-time high of $108k. Will it break the $180k mark as predicted by VanEck? Read MoreĀ» |
Solana has released new statistics for 2024, stating that it is the first blockchain to surpass Ethereum in attracting new developers since 2016. They also highlighted that 7,625 new developers built on Solana, a significant increase from 75 developers in 2022. Read MoreĀ» |
FARTCOIN has rallied all week and has surpassed a $900 million market cap. The memecoin is up 450% in the last 9 days. Fartcoin Coded. Read MoreĀ» |
Phantom now enables users to discover and swap into pumpfun and moonshot tokens within minutes of their launch. Users can also view the price history and track the progress of the bonding curve. Read MoreĀ» |
Microsoft shareholders vote against buying BTC, will they regret this in the future? Read MoreĀ» |
āæ BTC/ORDINALS āæ
$DOG Rallies This Week
DOGā¢GOā¢TOā¢THEā¢MOON came very close to crossing the $1 billion market cap multiple times this week, trading in the 9-10 sats range. Excitement surged as Kraken listed perpetual futures for $DOGābut the big question remains: Will Binance step in with a listing? The community buzzes with speculation and hope as $DOG continues its upward trajectory.
Fukuhedrons Make Waves
HiFo Labs, creator of Nakamigos, shocked the space with the release of their 10k-supply Ordinals collection on Friday, 12/13. Minting took several hours, during which secondary prices briefly dipped below mint cost. But after a successful sell-out, prices soared to ~0.02 BTC before settling at ~0.0083 at the time of writing. A big congrats to the team and all holders for making waves in the Ordinals ecosystem!
Pizza Pets: Game Begins!
The evolution of Pizza Pets is here, and the game has officially begun. āImmuneā pets fetched a premium of ~0.05 BTC, while most of the collection traded around ~0.0004 BTC. The game features unique mechanics that allow players to evolve their pets from egg to immortality. Pets can die along the way, leading to a deflationary supply currently at 58.2k. More details on game mechanics: https://x.com/CryptoShira/status/1868002544871772279
šŖCRYPTO DIGESTšŖ
Bitcoin (BTC/USD) Bitcoin continues its upward trajectory, gradually approaching the Yellow band, a key macro resistance level currently at $115,263. Historically, this band has marked critical turning points in the market. A confident break and hold above the Yellow band would set the stage for BTC to target the Orange band, currently at $192,106, which could define the upper bounds of this cycle.
On the 4-hour FibMa, BTC has consistently held the Purple band as support while maintaining its push higher. This shorter-term uptrend remains intact for now. However, if the Purple band fails to hold, the Red band and Orange band will become critical support levels to monitor for a potential short-term pullback. Maintaining structure above these levels will be essential for continued upward momentum.
Ethereum (ETH/USD) Ethereum is at a pivotal juncture, caught between a key resistance zone and the midpoint of its ascending channel. Price action is compressing, signaling a likely breakout in either direction.
Once ETH successfully challenges its current ATH, it is likely to target the Yellow band, currently at $5,696. This key macro level would signal significant strength in Ethereumās market structure. As momentum builds, Ethereum has the potential to lead the broader market into a decisive upward phase.
The ETH/BTC pair remains below the descending channel, and until this structure is reclaimed, the range between 0.04 and 0.03 continues to serve as a prime accumulation zone. While ETH/USD is showing relative strength, ETHās BTC valuation indicates further accumulation opportunities for those positioning for Ethereum to outperform BTC during the next phase of the cycle.
Altcoin Market Outlook
The broader altcoin market, represented by Total3/BTC and Others/BTC, is backtesting critical breakout points after recent rallies. Holding these levels as support will be pivotal in signaling the beginning of a more explosive alt season.
Both Total3/BTC and Others/BTC are showing resilience after their initial breakouts. This indicates that the broader market is aligning for a shift toward altcoin dominance. However, any failure to hold these breakout levels could lead to short-term setbacks. That said, the macro outlook remains bullish, suggesting that this is a critical period of transition into a sustained alt season.
šøMEMESšø
As BTC makes new highs, most alts aren't doing too great and that's reflected across the entire Solana memecoin space. However we have seen some incredible exceptions as Fartcoin hits close to 1 billion market cap. I remember seeing Fartcoin at 7 million market cap and wondering how this is so high - a huge mistake from me but it just shows you that things that are unique and strange are worth looking into, especially to check out what the community and core believers are like.
Regarding the wider memecoin space right now, there's a lot more to choose from than usual. Pudgy Penguins launched their coin yesterday which was airdropped to more than 7 million wallets and you're very likely to have some sort of claim available if you check their website. Hyperliquid is outperforming everything and has memecoins of its own which are also doing very well. SUI memecoins are an especially interesting one that I've been exploring a lot more as of late, with coins like $LOFI and $AXOL hitting 250m+ market cap and 70m+ market cap respectively. You can buy these or try and find others by choosing SUI or Hyperliquid on dexscreener and looking through coins on there.
Overall, there are a lot of options if you want to develop a strategy for memes at this moment in time, as there are even some short term runners e.g. UFD (Unicorn Fart Dust) running to 40m+ market cap in the space of a few hours.
š¤AIRDROPSš¤
Mitosis Game of Mito in Full Swing
The highly anticipated Game of Mito is in full swing, as over 4000 crews have been created after they launched the Crew feature earlier this week. The community is highly engaged as the Crew feature broke the testnet with over 15,000 concurrent users.
Ths issue has been resolved within hours, and the crews are battling it out for XP. My Crew, āThe Cell Squadā is a top 20 crew. If you wish to join, apply here: https://x.com/cruzcontrol660/status/1866291921557283223
Jupiter Vote Passes
The second iteration of the Jupiter Vote has passed with an overwhelming majority (85%+) voted yes. The second airdrop will be going ahead. Criteria will be released at a later stage. $JUP stakers will be happy to know that they will be rewarded in this latest proposal which was one of the reasons why this one passed.
The airdrop is still aimed at rewarding real and loyal users of the platform, so swap volume will likely play a major role in the final criteria of the amount of airdrop.
More details here: https://x.com/cruzcontrol660/status/1864617160687145025
$M3M3 Airdrop
The M3M3 (pronounnced āMeme(3,3)ā token was airdropped to power users of Meteora as well as a number of other notable Solana communities, so check your wallets!
The M3M3 is more than a meme coin, but is a test token to demonstrate the all-new powerful āmemecoin stakingā feature of Meteora that is looking to change the PvP (player vs player) nature of memecoin trading to PvE.
For more details, please refer to: https://x.com/cruzcontrol660/status/1864474316181545283
100+ Airdrop Opportunities in my Notion Airdrop Tracker: https://bit.ly/droptime
VaultCraft launches V2, TVL skyrockets above $100M
VaultCraft launches V2, partners with Safe, and secures $100M+ in Bitcoin
Matrixport, Asiaās leading crypto providers, commits $100M+ in Bitcoin
OKX Web3 to launch Safe Smart Vaults with $250K+ in rewards
šFOR THE CULTUREš
DeBanking and the Rise of Crypto Culture
Over the past decade, weāve witnessed a global shift in financial habits as individuals grow skeptical of traditional banking systems. This distrust, fueled by economic uncertainties, institutional scandals, and intrusive compliance mechanisms, has spurred a movement sometimes referred to as āDeBanking.ā The concept transcends merely withdrawing funds and involves users gradually redefining how value is stored, transferred, and investedāoften opting for decentralized financial options.
At the heart of DeBanking lies the recognition that traditional financial institutions, encumbered by bureaucracy and centralized governance, can stifle economic freedom. Users interested in digital assets see these old models as outdated. They believe that technologies like blockchain and smart contracts offer a more open, permissionless system that puts power back into the hands of the individual, rather than leaving it under the purview of profit-driven banks.
This shift has dovetailed perfectly with the emergence of crypto cultureāa set of values and beliefs that celebrate decentralization, financial sovereignty, and community-driven innovation. Crypto enthusiasts advocate for transparency and openness, principles at the core of blockchain technology. The ethos is not simply about making a quick profit but about building new economic systems that favor users over middlemen. That said, this journey is not without challenges, as the transition to digital currencies involves mastering new technologies and accepting the inherent volatility of the market.
DeBanking often leads individuals deeper into decentralized finance (DeFi), an environment rife with opportunities and potential pitfalls. On one hand, DeFi protocols allow for seamless lending, borrowing, trading, and stakingāactivities that were once strictly controlled by financial gatekeepers. On the other hand, the absence of a central authority places more responsibility on the user to understand the complexities and risks involved, from smart contract vulnerabilities to regulatory uncertainty.
Yet, these hurdles serve as catalysts for innovation. Crypto communities share information widely, educate newcomers, and reward open-source development. This collaborative culture helps participants learn best practices, identify reliable projects, and cultivate a more secure and trustworthy DeFi ecosystem. Over time, itās this collective resilience and adaptability that will refine the technologies, making decentralized solutions safer, more user-friendly, and more accessible.
Ultimately, DeBanking and crypto culture intersect in shaping a future where financial agency rests with individuals, not institutions. This is not a shift that will happen overnight, but rather a gradual process marked by experimentation, adaptation, and dialogue. For those who choose to embark on this path, the rewards are manifoldāgreater freedom, community support, and participation in building the next-generation financial landscape.
For more details on sponsorship opportunities on AlphaTLDR please contact [email protected]