SCOOP’S TL;DR

📈 MARKET SENTIMENT

• Market sentiment experienced a shift as Bitcoin pulled back from $49K, inducing fear among investors. Ethereum, showing a bullish trend, with upcoming decisions by Fidelity and Blackrock on ETH ETFs. In the low-cap scene, caution is advised, while the Solana chain sees excitement in meme coins.

🔥 THE TRENDING NARRATIVE

• BTC DEFI (SatoshiVM) Launch! + DePIN & RWA

🏋️ BARBELL’S WEEKLY PICK

• $METIS - METIS CHAIN

🗞️ TOP STORIES

• Bitcoin v Gold

• How To Stop Bitcoin

• Stablecoin Laws

🏆 WEEKLY WINNER

• Larry Fink

😡 REKT SECTION

• Tim Buckley

💎 PREMIUM SCOOP

• Smart Money Buys 

• Remember the rise of $KAS? It is 30x’d in a very short space of time. We think we have found the next $KAS - Discover this gem today

📈 MARKET SENTIMENT

• Crypto Total Market Cap $1.76T - 24/hour change -3.39%

• Total Crypto Market Volume $81.2B - 24/hour change -28.38%

  Majors - 24/Hour change

• BTC - $43,110 - +0.1%+

• ETH - $2569 - +0.8%

  Trending 24-hour

• $XAI -10% - Gaming

• $PROSPER +1.2%

• $TIA -1.7% - Layer 1

• $BALACER +0.1% - Defo

• $FLARE -6% - Layer 1

• Quite a change in overall market sentiment since last week, reaching highs of 77, the pullback on Bitcoin from $49K has caused Mr Fear to show his head scaring off investors and punishing the late longs. But fear not, this is all part of one larger puzzle. The choppy action seen in Bitcoin right now is a result of manipulation by market makers. They want to flush you out but stay strong. What goes up must go down before the ascends upward. Remember we have the BTC halvening just around the corner, which historically has both a large psychological & actual effect on the supply/demand mechanic of BTC.

  Bitcoin

• Bitcoin is ranging in the low to mid $40k region, It is quite probable now, before a rally further beyond 50K that we touch the $39,500 area first. As mentioned, don’t let this alarm you, hold your positions.

  Bitcoin dominance

• Not too much has changed about BTCd since the last issue, it has held its position of around 51% and we have seen some major ALTs waking up this past week, a slight drop lower (It looks like it will) this could lead to Alts displaying some explosive gains.

  ETH/BTC

• ETH has continued to perform well, with +10% up on the week, against bitcoin being down -10%, combined with an expected slip in Bitcoin Dominance again lends well to ALT coins rallying higher.

  Ethereum 

• As mentioned above ETH is up 10%+ on the week. Despite ETH having some catching up to do against the King, the next few weeks remain important. On the 21st of this month, Institutional Fund Manager Fidelity will decide whether they wish to proceed with an ETH ETF and Blackrock will make their decision on the 25th. This will likely drive speculation but don’t forget, the big ol SEC still has the option to delay the decision. Overall the ETH chart on a higher time frame remains bullish.

  DEGEN

• In the low-cap new launch scene, ETH plays have proved less favorable over the past days and weeks, but this could soon change. Right now be cautious, and seek out strong utility projects that have launched with favorable partnerships & backing.

• On the Flipside, the degen community is having a blast on the SOLANA chain. With notable winners this week being $WYNN meme coin, which represents ANITA MAX $WYNN (Drakes Alter Ego) hitting highs of $80M mcap, Drakes Dog $DIAMOND, hitting $5M mcap, and now $YE (Kanye) has launched just last night, hitting highs of 3.5M.

• Is rapper meme season upon us? It is getting quite ridiculous, but we are here from it, Even (Kim Kardashian) is in the mix with a team launching $KIM

• As Elon says, the most entertaining outcome is the most likely.

  Trending Crypto narratives to focus on this year

• - AI Infrastructure / Autonomous agents

• - DEPIN (Decentralised Infrastructure)

• - RWA - Real-World Asset tokens

• - Eigen Layer Ecosystem

• - BTC Defi

• - Parallelization EVM / Modular Blockchains

• - Solana Killers

• - GameFI

• - Social-Fi / Gamblefi

• - New Layer 1’s

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  🐂 SMART MONEY ‘ON-CHAIN’ IS BULLISH ON:

Smart Money data is collated from the top 1% of most profitable traders On-chain.

• 1 MUBI - BTC DEFI

• 2 VAULT - Layer1 AI

• 3 RSTK - Eigen Layer

• 4 OLAS - Autonomous Agents / AI

• 5 MXH - Decentralized Physical Infrastructure (DEPIN)

• 6 BANANA - Trading Bot

🔥 THE TRENDING NARRATIVE

Crypto is a narrative & trend-driven game, where attention goes, the money flows. So what’s hot?

Last week we covered SatoshiVM within the BTC-Defi narrative & it starts trading this week on the 21st, it is an incredibly hyped launch, We can’t name a single influencer who hasn’t gotten in on the presale, there is a public sale taking place on the 19th which you can read more about here. Beware, we fully expect this to have an explosive start, followed by a sharp sell-off from Bots & presalers dumping their bags. This project is a first mover & will likely perform well as the BTC defi trend is hot. Find your entries if you are looking to enter, but don’t blind up the top on launch day.

In terms of narratives coming up, thoughts remain quite the same, we expect DEPIN, Eigen Layer & RWA (real-world assets) to grow in popularity. It was only a few days ago that ‘Larry Fink’ chairman of BlackRock spoke to the world on CNBC on why he is bullish on the tokenization of assets, which certainly lends well to RWA being a major narrative this year. Tokens to look out for are $NXRA, $RIO & $PROPC, 3 big contenders to lead the race.

🏋️ BARBELL’S WEEKLY PICK

In each issue, our Founder ‘Jack Barbell’ delivers a hot rising star crypto asset that is yet to explode.

Follow Jack Barbell on X - @thebarbell_

METIS

Ticker - $METIS

Surely not another Layer 2?

Enter Metis, a Layer 2 using optimistic roll-ups, but what the heck are they?

Let’s take you back to Preschool, Imagine a busy playground that is getting congested with kids playing (ETH main net), the kids playing represent transactions. Metis using Optimistic Rollup is like having a speedy game zone next to the main playground. Kids can play games super fast there, once the games are played, they relay the information and tell everyone on the main playground about what happened, e.g the type of game, the number of players, how many games were played & who won or who lost (Transaction Data). This reduces the number of games on the main playground & makes them faster and more enjoyable for everyone.

Metis is an easy-to-use chain, it has a cult following & devs want to build on it. The TVL on Metis (total value locked) is $85M which is about 15% of the Metis total Mcap, anything above 10% is strong and is a clear indicator of the health of any chain.

But, tech is tech, are you really in Crypto just for the tech? So why are we bullish? Metis just announced an Ecosystem fund of $500M this January, top devs can apply to get a slice of that pie, incentivizing them to build on Metis. $120M of this was seeded by Vitalik (Founder of Ethereum) himself. Pretty Bullish.

Now why specifically are ecosystem funds important?

In 2021, $AVAX announced a $180M ecosystem fund, it 6xd the months after.

In Jan 2022, $INJ announced a $150M ecosystem fund, it 40xd the months after.

$METIS has just announced a $500M ecosystem fund, so far it has 4xd.

Is there a further upside, I think so. The MCAP of Metis as a whole is just $650M, this is low for a Layer 2 with such adoption, in the full bull cycle, Strong Layer2s and 1’s often run into the 5’s & 10’s of billion in market cap. Of course, there is lots of competition in the Layer 2 space, but $METIS has community, high usage, functionality & a giant eco fund. What more do you want?

Oh, I almost forgot. Never thought I’d say this, but the chain has some memeability to it too. Vitalik’s ‘Mom’ is on the founding team. The top meme coin on the $METIS chain at the moment is $VMUM. You gotta love crypto.

🌐 TOP STORIES

Bitcoin v Gold - A closer look as to what we can expect.

At a glance 🔎

• The road to $500k BTC may seem a while off but following the pattern of gold, the road may seem a lot simpler than feared.

• When the Gold ETF was approved, the market cap was at $2 trillion but in the following years, this spiked to $16 trillion and most importantly, not on a fixed supply.

• The current BTC market is $840bn and reaching $4 trillion will lead to the $500k price.

• For context just to try to normalize the sum of $4 trillion, the global stock market is $109 trillion, and the global bond market is $133 Trillion.

🕵️ Scoops take:

The price, short-term, remains bumpy. Over the last week, it has been up at $48,778 and down at $41,729 plus everything in between.

We must repeat if you are here for the long term (as you should be) then the current prices may be a thing history looks back on with a smile. With the upcoming bull, generational wealth can be created.

Trade sensibly.

On November 7th we shared the newly launched project $0KN for Premium members, see the Ice cream marker below. This project is a gem in the Privacy space. At the time it was just $7M market cap and this week it hit highs of $30M and members have already gained a 3.5X.

So What’s next? We think we have found the next $KAS….

$KAS has been one of the best-performing assets over the past 12 months, unless you have been living under a rock, you will have seen its meteoric 30X rise.

We think we have found the next $KAS style mooner. This token is under the radar right now but should be a staple in anyone’s bull market portfolio.

Unlock The next $KAS style Mooner.

👇

How to stop Bitcoin? Spoiler…you can’t!

At a glance 🔎

• If you just happened to go on the websites of BlackRock, Fidelity, and VanEck you would be met with Bitcoin and Bitcoin only on the homepage.

• The bandwagon is only getting started, the recognition of the asset class will leave those who don’t matter behind.

• Google tried to provide the answer on how to stop Bitcoin, check out the image below to see how easy it is…

🕵️ Scoops take: 

Crypto brought about a certain nervousness, plenty of Degenz have been ashamed to nail their colors to the mast on all things Crypto.

Boomers have had their time to digest their beloved funds, stocks, and bonds, it’s time to let the next-gen in.

With Crypto becoming the new normal, you all have the opportunity to get a head start and build what those outside the space deem impossible.

You also have the IRL experience of telling Grandma about your latest venture without explaining it’s not just for crooks.

Back to the Google search 👇

Stablecoin Laws - The headliner breaker from BTC

At a glance 🔎

• Circle CEO, Jeremy Allaire, believes that 2024 is likely to be the year that the U.S. passes laws for the Stablecoin industry.

• Stablecoins are Cryptocurrencies where the value is supposed to be pegged to a reference asset.

• They allow traders to move in and out of crypto.

• For the most part, they are unregulated but the industry is a $135bn market.

• There is believed to be no link between the ETF approval and other regulations.

  🕵️ Scoops take:

It is hard to confirm or deny whether there is a link between the ETF and the ramp-up of regulations for all things in the space.

The regulation of the market would be a huge boost for all investors. Stablecoins are fundamental to the space’s functions so regulating the market will further boost the reputation of the Crypto market.

Is Circle just trying to continue the run of good news? again hard to say but how can you not be bullish in these times?

😡 THE REKT SECTION 😡

Tim Buckley

When Vanguard got cold feet last week and let the rest of the world know that Bitcoin" “did not fit with its philosophy” questions were raised and hypocrisy highlighted.

Well, the CEO has now come out and advised customers not to put Bitcoin into their portfolios because there is no intrinsic value or cash flow. But supposedly there is intrinsic value in the Fiat banking system?!

Check it out below for yourselves.

🏆 WEEKLY WINNER 🏆

Larry Fink

In certain situations, you have only two choices. Back down or double down.

As you can see above, Buckley has doubled down.

However, in terms of BlackRock’s CEO Larry Fink, he has done the complete opposite, a 180 so far, Tony Hawk would be proud of it.

Remember, it’s never too late to admit that you were wrong about something.

BEFORE

AFTER

$KAS has been one of the best-performing assets over the past 12 months, unless you have been living under a rock, you will have seen its meteoric 30X rise.

We think we have found the next $KAS style mooner. This token is under the radar right now but should be a staple in anyone’s bull market portfolio.

 Unlock The next $KAS style Mooner. 

Feast your eyes on the delights, surprises & Alpha below.

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