After last week’s euphoria, the market finally slows down. The Internet Capital Market meta drives volume into Solana and temporarily became the main narrative onchain. So, In this fifth edition of the weekly crypto narratives, we’ll review the previous week, analyze the market, and find some alpha from the crypto community.
This Week’s Contents
- Crypto News Roundup
- Market Update
- Hidden Gems
- Alpha and Analysis
1. Crypto News Roundup
JPMorgan Chase, the biggest bank in the US, settles its first cross-chain transaction between its private blockchain, Kinexys, and Ondo. The transaction was facilitated by Chainlink’s interoperability protocol.
The Anza Research team announces new Solana consensus at Solana Accelerate. The new Alpenglow consensus can potentially make Solana 100x faster with a simpler and faster consensus.
2. Market Update
This week’s winners and losers:
The Fear and Greed Index is still in greed despite the market tanking and Bitcoin showing signs of slowing down.
It is still Bitcoin season and the number dropped significantly since last week (33).
The Bitcoin dominance chart rebounds heavily from the 100-day EMA support. On the other hand, the altcoin market cap chart (TOTAL3) topped at $940 billion. The bullish scenario for altcoins is to rebound at the 100-day EMA for an uptrend continuation.
3. Crypto Hidden Gems
Keeta ($KTA)
Keeta is an L1 blockchain project that has been catching attention in the last few weeks. Like most modern blockchains, Keeta is a high-performing blockchain capable of fast but cheap transactions. Furthermore, the Keeta crypto token, KTA, has been rising around 600% in the last 3 weeks and sits at around $300 market cap.
Collaterize ($COLLAT)
Collaterize is an RWA protocol in Solana aiming to provide liquidity to any RWA assets. Users can trade and launch their RWA assets on the Collaterize platform. In addition, the COLLAT token has risen around 350% in the past 5 days after Solana’s founder, Anatoly, retweeted Collaterize’s tweet.
Further read on Keeta from @ZoomerOracle.
You can buy these coins directly from Pintu Web3 through the Swap feature or in the browser.
Disclaimer: Don’t forget to DYOR (Do Your Own Research), this is not financial advice.
4. Crypto Alpha and Analysis
In this edition, we’ll specifically cover alpha and analysis related to crypto trading, investing, and how to ‘make it’.
1. Crypto Rewards Curiosity
@DeFiIgnas argues that crypto still rewards curiosity and trying things early, as proven by his outsized profits from trying the AI and DeSci narrative early.
2. How to Make it in Crypto
@PixOnChain’s one-pager for how to succeed in crypto.
3. How to Trade Trending Narratives
@game_for_one’s three basic rules on how to trade narratives.
4. How to Use Monday for Trading
@crypthoem explains how to use Monday for trading and to predict the weekly movement.
5. How to Navigate the Market
@mikeykremer argues that the crypto market is now filled with veterans and lays out several important tips to navigate the market.
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How to trade Crypto Futures in Pintu Pro Web:
- Open https://pintu.co.id/en.
- Click the button Launch Pro on Desktop in the upper center.
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In addition to trading, Pintu also allows you to learn more about crypto through a wide range of articles on Pintu Academy, updated weekly!
All articles from Pintu Academy are intended for educational purposes only and do not constitute financial advice.