Fantom Makes a Comeback: Is the Ghost Chain Ready for a Resurgence?
DAILY MARKET OVERVIEW
Bearish Outflows Remain High
Strap in, Crypto enthusiasts, because the market is serving up some serious twists and turns today!
First up, let's talk about those pesky GBTC outflows. Grayscale's been hit with a whopping $1.83 billion in outflows this week alone! But fear not, the worst might be over soon so try to take a breather.
Speaking of relief, legendary investor Raoul Pal has a simple message for us: "Don't overthink it, just HODL!" šš Crypto is the biggest macro opportunity of all time, and Raoul's backing the fastest horse ā Bitcoin!
And speaking of HODLing, let's check in on holdersā data. Despite Bitcoin hitting new all-time highs, long-term conviction remains strong. Long-term BTC holders remained steady and did not sell a single satoshi. These HODLers are built different! šŖ
In other news, Ether ETFs might be coming in May, but industry execs are bearish on quick approvals. Regulatory deliberation is set to stall things for now. Patience is advised.
While the past week has been riddled with numerous dips, we remain optimistic that brighter days lie ahead.
TWITTER SENTIMENT
Should We Pay Attention To Fantom Chain?
Fantom Chain is a Layer 1 chain that gained massive popularity and user base during the last bull run however ever since then itās had its fair share of issues and the activity on the chain has reduced massively.
Fantom has given birth to some of the most innovative projects and influential figures in the DeFi space.
Very recently Fantom started receiving the attention of Crypto Twitter due to the upcoming āSonicā upgrade that could potentially revive the chain.
Leading the charge is none other than Andre Cronje, the legendary creator of yearn.finance and the Solidly DEX model, which is now the top DEX on many Layer 2 chains. Cronje has announced that new DeFi primitives will be launched on Fantom's upcoming Sonic upgrade.
Many influential figures in the DeFi space, such as Miles Deutscher, CryptHoem, Crypto_Linn, and Jake Pahor, also got their start on the Fantom chain.
With the upcoming Sonic upgrade boasting 10k Transactions Per Second on the fastest and most scalable EVM network to date, along with a native bridge, new stablecoin, and potential airdrops, Fantom is poised to capture the attention of the DeFi world once again.
So, yes, you should definitely be paying attention to Fantom and the innovations it continues to foster.
NEWS OVERVIEW
Recent Crypto News
YOUTUBE INFLUENCER SUMMARY
Ivan On Tech - THIS IS BULLISH!!!! Bitcoin Holders Beware... (next 12 months are critical) (22.03.2024 Summary)
Alright crypto crew, listen up! Our man Ivan is feeling extra bullish lately, and he's got some serious FOMO fuel for us! š„
According to the crypto prophet himself, Bitcoin is currently chilling around its previous all-time high of $67K. But don't get too cozy, because once we blast through that level, we're about to get yeeted straight to six-figure territory! š°
Ivan is calling for a mind-blowing pump to the $100K zone in the coming weeks. And why is he so confident, you ask? Well, it's because the market is basically giving Bitcoin, diamond-encrusted thumbs up!
See, the fact that we're taking our sweet time to consolidate instead of just blasting off is actually a major bullish signal. It allows the market to establish higher support levels and get nice and comfy before the real fireworks begin.
But that's not all, folks! Ivan has been loading up on Bitcoin in the 60Kā63K range like there's no tomorrow. And can you blame him? In his words, Bitcoin is so ridiculously undervalued right now, it's like finding a Lambo buried in your backyard!
Oh, and let's not forget about the gaming token universe! Ivan is super stoked about potential moonshots from gems like Heroes of Mavia, Cornucopias, and the freshly added Sidus, which he's now advising.
With the gaming narrative set to make a comeback hotter than your favorite boy band's reunion tour, these tokens could potentially outperform even Ivan's wildest dreams!
So, buckle up! The bull market is just getting started, and Ivan is calling for a massive, face-melting pump that'll have you questioning reality itself. Trust the process, stack those sats, and get ready for liftoff!
Lark Davis - Crypto Meme Coins The 100X Opportunity Most Will Miss (22.03.2024 Summary)
Have you ever dreamed of hitting the jackpot? Well, forget about those lame lotteries and casinos, my friend. The real action is in the wild world of meme coins!
These crypto coins are based on hilarious internet memes, and they're taking the crypto game by storm.
It all started with Dogecoin, the OG meme coin inspired by the Doge meme. Who would've thought that a joke about a Shiba Inu would become a multi-billion dollar phenomenon? But that's the power of memes, baby!
Now, we've got a whole pack of meme coins vying for the top spot. From the Dogecoin killer Shiba Inu to the adorable Doge wif Hat, these coins are capturing the hearts (and wallets) of crypto enthusiasts everywhere.
But here's the catch: meme coins are the ultimate high-risk, high-reward investment. One minute, you could be sitting on a fortune, and the next, your meme coin could go belly-up. It's a wild ride, but for those brave enough to embrace the degen life, the rewards can be astronomical.
So, are you ready to join the meme coin craze? Just remember, this isn't your grandpa's investment strategy. It's a whole new world of internet culture, where the cute and the absurd reign supreme. Buckle up, and let's make some meme-illion dollars!
The information provided in this newsletter is for general informational and educational purposes only. It should not be considered financial advice or a recommendation to buy or sell. Please consult a qualified financial advisor for personalized advice that considers your individual financial situation and goals.