SCOOP’S TL;DR

📈 MARKET SENTIMENT

• More of the same here guys. The market is taking a bit of beating, especially for Alts. But we will keep it simple. Dont get shaken out here.

🔥 THE TRENDING NARRATIVE

• The Bitcoin Halvening

🔥 BARBELLS WEEKLY PICK

• Gems on a discount

🗞️ TOP STORIES

• Ripple CEO Makes Bullish Prediction

• 1inch Debit Card

• Crypto Startup Sums Revealed

🏆 WEEKLY WINNER

• Crypteon

😡 REKT SECTION

• Do Kwon

💎 PREMIUM SCOOP

• ANOTHER DEPIN / AI BANGER THAT IS LOOKING TO DOMINATE THE SECTOR. THIS HAS ALREADY FLOWN, BUT COULD IT STILL 10X FROM HERE?

  

  CRYPTO FEAR & GREED INDEX

• Crypto Total Market Cap $2.65T - 24/hour change 0.83%

• Crypto Market Cap Total Volume $91.36B - 24/hour Change - 9%

  Majors - 24/Hour change

  • BTC - $69,489 - 1.25%

  • ETH - $3541 - 2.3%

  • More of the same here guys. The market is taking a bit of beating, especially for Alts. But we will keep it simple. Dont get shaken out here.

  • With the Halvening around the corner, it is always an uncertain choppy time. Whatever happens over the next weeks, ensure to ride through the turbulence. The ETF flows, combined with the halving should deliver a supply shock like no other. There will be a green light on the other side.

  • It is when of those times in the market you have to reflect where we are (pre halvening). Things are going swimmingly well.

  • All our positions are still intact and we sit in 70% Alts right now.

    

  • Bitcoin/dominance

  • Still sticking to its guns around $54-54%, still potential for it to rise, before it drops resulting in a full-blown ALT season.

  • ALT Coins

  • AI / Depin / GPU / Memes remain the top-performing tokens

  • On-chain New launches are hot. AI coins reaching $100M market cap out of the gate.

  Start your free premium trial

  🔮 NARRATIVES TO FOCUS ON IN 2024

• - AI Infrastructure / Autonomous agents

• - GPU / Cloud Computing

• - Gaming / Game-fi

• - DEPIN (Decentralised Infrastructure)

• - RWA - Real-World Asset tokens

• - Memes - (you’re not too good for them)

• - BTC Defi / BRC20

• - New Layer 1’s

• - Parallelization EVM / Modular Blockchains

• - Solana Killers

  

  Be the envy of friends…

  Become a member of Triple Scoop Premium to be the first to hear about the latest gems & undiscovered projects this bull cycle.

  Start your free premium trial

🔥 THE TRENDING NARRATIVE

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

BITCOIN HALVENING 04/20/2024

A wise man once said Bitcoin is the ultimate meme. When you drill down on what Memes are, they can be described as a virus of the mind, an idea, a communication form that captivates & spreads, permeating itself into the minds of many. In relation. to Bitcoin, over time it has become wildly known and accrued massive value. Something only has value if enough people believe it does, So can you name a more successful idea in the modern era?

With Bitcoin being the King of Crypto & one of the most successful Memes itself, it seems only fitting that the upcoming halving date is not only palindromic but a meme in its own right. 4/20. A culture day, known for its celebration of marijuana, but 4/20 is a number also often used in crypto culture. You can’t make this up.

The countdown is on, we are about 10 days away from the halvening, but what actually is it?

The Bitcoin halvening occurs every 4 years, and reduces the rate at which new Bitcoins are created/mined by 50%. This reduces the supply of new Bitcoin’s entering the market by half, hence the name the halvening. The halvening is programmed into the Bitcoin code, this ensures that over time, the asset becomes more scarce & requires more effort & energy to mine it, kinda like how physical gold is over time. At first, it is abundant, but after years of mining, it becomes more & more scarce, as long demand keeps up.

So far there have been 3 Bitcoin halvings since the inception of Bitcoin.

There have been 3 halvings to date, with the upcoming one in April being the 4th. So how does it the halvening tend to impact the market?

The idea is that there is supply a shock, demand goes up, supply is reduced. Whether there is or isn’t is kind of irrelevant, the event builds up a big enough story, that people buy into it anyway, and the narrative becomes a self-fulfilling prophecy.

Given the capital inflows into Bitcoin through the new ETF’s Bitcoin has outperformed what the market expected it to do, having already just crossed its previous all-time high, weeks before the halving. Many argue that this will result in a shortened bull cycle, but many argue that history will repeat itself post-halving and cause a further parabolic rise.

Below are some examples of what happened to the market, post halving last in previous years.

Given the upcoming halving, in this period it is likely we will see the accumulation of Bitcoin-related Alt coins in the ‘BTC defi’ sector. Some of the best in this sector are:

• $STX - Stacks

• $MUBI - Multibit

• $SVM - SatoshiVM

So where will the cycle end up? As mentioned above, with Bitcoin in or around $100-120K, we think this cycle will comfortably top out in the region of $5-6 Trillion in total crypto market cap, which from today ($2.6T) is massive growth yet to come.

🏋️ BARBELL’S WEEKLY PICK

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

You can Follow Jack Barbell on X - @thebarbell_

PICKS ON DISCOUNT DURING THE DIP

Many Alts are on a discount right now, but these are some of my favorites.

1) Shark Cat - $SC - MCAP - $86M

Retraced 80% from ATH - 160% growth potential to All time high

SharkCat - Sure, it had some fud over the weekend, but fundamentally the coin hasn’t changed, the community has taken it on the chin, $86M is very strong for a new meme, and it now offers massive opportunity for growth.

2) PopCat - $POPCAT MCAP - $220M

Retraced 50% from ATH - 100% (2x) growth potential to All time high

As mentioned last week, Popcat is the king of the cat coins. With a fierce community, and a lot of $WIF holders, undoubtedly this project will rise. Remember cats have 9 lives. This dip is just 1 of them.

3) DogWifhat - $WIF - MCAP - $3.47B

Retraced 38% from ATH - 76% growth potential to All time high

It needs no introduction, As the leading meme on Solana, $WIF will pull numbers as the cycle continues to rage on.

4) Gamerhash $GHX - MCAP - $113M

Retraced 55% from ATH - 110% (2x+) growth potential to All time high

A project that hits 3 core narratives, gaming, depin & AI. The team has been building for years and isnt going anywhere. This is a great pickup right now.

5) NodeAI $GPU - MCAP - $203M

Retraced 38% from ATH - 76% growth potential to All time high

Holding considerable well during this market dip. This token has a strong community and is a favorite of KOL and influencers.

6) Fetch ai $FET - MCAP - $2.6B

Retraced 35% from ATH - 70% growth potential to All time high

Soon to be the leading AI token following the merge with $OCEAN & $AGIX to create $ASI. With AI being one of the most bullish sectors in the space. This will send higher.

IN THIS WEEK’S PREMIUM

THE BITCOIN HALVENING IS AROUND THE CORNER.

THE BTC ECOSYSTEM WILL EXPLODE

FIND OUT WHY SMART MONEY LOVES THIS BITCOIN DEFI GEM BEFORE ITS TOO LATE

Start your free trial of Scoop Premium today & get your next 4 Premium issues Free with 2-week Free trial. Then just $10 a month.

Ripple CEO Makes Bullish Prediction - From His Mouth To God’s Ears.

At a glance 🔎

• Ripple CEO, Brad Garlinghouse, predicts the crypto market will double in size to $5 trillion by the end of this year.

• He cites positive regulatory momentum, the arrival of the BTC ETF and the upcoming halving as reasons.

• The crypto market is currently valued at $2.68 trillion with the price of BTC gaining 63% since the start of the year.

🕵️ Scoops take: 

We love the sentiment and hope it to be true, but there is one reason cited that we disagree with, which is the “positive regulatory momentum”…in the U.S. especially.

It was only last year the SEC sued Coinbase and Binance and how can Garlinghouse forget the attack on his own over the XRP token?

His heart is in the right place and who knows, he may prove to be correct.

Whatever happens, at least there is a sense of positivity in the air, between this and the recently announced Ripple Stablecoin, let’s just get excited.

We are just happy it wasn’t Cramer.

1inch Debit Card - Coming To An ATM Near You.

At a glance 🔎

• 1inch has teamed up with Mastercard and Baanx to launch a Crypto debit card.

• Holders will be able to make cash withdrawals and pay for items at supported ATMs and locations.

• The card will have Crypto to fiat bridge functionality.

• There will be both a physical and digital version of the card.

• The cards are currently only available in both the UK and European economic areas.

🕵️ Scoops take: 

Most exchanges already offer swift fiat to crypto conversions and vice versa but that being said there are steps for the process.

With certain exchanges, it is normal to be faced with a fairly slow transaction speed, potentially increased security risks and additional fees.

With the introduction of this card, users can retain custody of the crypto funds with just a single conversion rate needed at the time of purchase.

This might be for you or it might not but what is important is that we are seeing once again, the instruction of crypto in everyday life.

Crypto Startup Sums Revealed - Pitch Season In Full Flow.

At a glance 🔎

• Crypto startups raised $2.17bn from venture capital funds in the 1st Q of 2024.

• March was the highest individual month since October 2022.

• Infrastructure investments dominated, with $1.35bn put into projects aiming to build frameworks for crypto.

• Zama had the largest funding round with $74m raised to provide developers tools to tackle data privacy challenges across blockchain use cases.

  🕵️ Scoops take:

This is massively important and here is why.

For the future success of the space, we need to keep seeing innovations, and ways to improve the functioning of the space, increase safety, make it user-friendly etc.

If startup funds were to dry up then it’s time to panic.

Not every idea will work but every single idea has the intention to make everything better so it is us who will all benefit in the long run.

🏆 WEEKLY WINNER🏆

Cryptoleon

The young trader has just had back-to-back 5-figure months.

We aren’t even halfway into April!

How did he do it?

Check out the below.

😡 THE REKT SECTION 😡

Do Kwon

Remember this D*ck? The Terraform founder who misled investors over TerraUSD leading to $40bn losses and was part of the trigger for the Crypto collapse?

Yup, well this is the guy.

A New York jury has determined that Do Kwon is liable for civil fraud charges, siding with the SEC.

The issue now is whether he will be tried in America. He was arrested in Montenegro in March 2023 and both the U.S. and South Korea have sought his extradition on criminal charges.

Plenty of bad news left to come out of this one.

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

Subscribe to Triple Scoop Premium to read the rest.