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What is Neutron? $NTRN
The Triple Scoop
February 16, 2024
SCOOPāS TL;DR
š MARKET SENTIMENT
More Bitcoin is being purchased than is being produced daily by miners, and after the BTC halving, the amount of BTC being produced daily will be half. If the demand stays at this rate, then we are in for a major supply shock.
š„ THE TRENDING NARRATIVE
The Bitcoin Charge + AI
šļø BARBELLāS WEEKLY PICK
$NTRN - NEUTRON
šļø TOP STORIES
Bitcoin Breaks 1 Trillion Dollar MC
Ledger x Coinbase
Eth Staking Increase
š WEEKLY WINNER
Bitcoin v Gold
š” REKT SECTION
Illegal Crypto Promotions
š PREMIUM SCOOP
Crypto Total Market Cap $1.79T - 24/hour change 4.37%+
Majors - 24/Hour change
ETH - $2766 - 0.2%+
Trending Tokens - 24-hour
$TAU - 2.7% - AI
$OPSEC - 10% - AI/DEPIN
Need we even say, that sentiment is great for the whole for the whole of crypto right now.
More Bitcoin is being purchased than is being produced daily by miners, and after the BTC halving, the amount of BTC being produced daily will be half. If the demand stays at this rate, then we are in for a major supply shock.
As far as what Bitcoin will do next, longer term we are going up, we feel this bull cycle Bitcoin will hit in the region of $140k-$160K. Yup, itās a lot. But worth it right?
This will either happen end of 2024 or mid-2025. End of 2024 should a left translated cycle occur.
In previous cycles, we have seen one last pre-halving retrace, which typically occurs a few weeks before the halving. Will history repeat itself? Hard to tell, but right now, we believe it is riskier to be waiting for pullbacks than to just be in the market and have your portfolio ready.
More of the same, Bitcoin dominance hovers around 54%, ALTs, specifically AI are enjoying a run, but remember this is mainly due to Bitcoin run, you still have time to catch the giga all season.
Ethereum
Whilst ETH has been lagging, in the coming weeks & months, it will catch up. The market often rallies in the face of the haters. Prepare for ETH to send in due course.
ALTs
As mentioned above, whilst alts look like they are tearing, the fun hasnāt begun just yet. There are always cool-off periods and pullbacks, find your entry, pounce, and hold.
š® NARRATIVES TO FOCUS ON IN 2024
- AI Infrastructure / Autonomous agents
- DEPIN (Decentralised Infrastructure)
- RWA - Real-World Asset tokens
- Memes - (youāre not too good for them)
- Eigen Layer
- BTC Defi / BRC20
- New Layer 1ās
- Parallelization EVM / Modular Blockchains
- Solana Killers
Be the envy of friendsā¦
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š„ THE TRENDING NARRATIVE
Crypto is a narrative & trend-driven game, where attention goes, the money flows. So whatās hot?
A few mixed narratives are floating around the crypto ether right now. A few issues ago we spoke of the resurgence in AI, now, it stands as one of the hottest narratives. $TAO is leading the charge, the AI token with no chill. Will its relentless run cool off? Not sure, it has the potential to be one of those coins that just grinds higher to the top. Sure, pullbacks will come, but we feel this token may have the minerals to go all the way. Keep an eye on AI, some tokens to check out are:
$AGRS
QUBIC
OLAS
AIT
Outside of AI, the trending narrative is very much Bitcoin. The King reigns supreme right now. Inflows into the ETFs are off the charts, quite literally, and more bitcoin is being bought up than is being produced each day by the miners.
Outside of AI, we will see altcoin narratives go through prominent cycles as Bitcoin dominance falls off and alt season takes hold. We will keep you posted.
šļø BARBELLāS WEEKLY PICK
In each issue, our Founder āJack Barbellā delivers a hot rising star crypto asset that is yet to explode.
You can Follow Jack Barbell on X - @thebarbell_
Market cap - $500 Million
Chain - Cosmos
Potential - 10X
Neutron and its token $NTRN are emerging as significant players in the ever-expanding cosmos of blockchain technology. Positioned as a next-generation DeFi hub, Neutron's innovative approach to cross-chain interoperability and smart contract functionality is attracting attention from both investors and industry insiders.
At its core, Neutron stands out for its pioneering concept that combines the robust security of the Cosmos Hub with cutting-edge cross-chain infrastructure. This unique approach ensures that smart contract applications built on Neutron benefit from top-tier security while seamlessly interacting with a growing network of interconnected chains.
The project's alignment with the Cosmos Hub extends beyond security, with Neutron sharing transaction fees and revenue with the broader Cosmos ecosystem. This alignment not only enhances Neutron's credibility but also positions it as a vital component of the Cosmos DeFi landscape.
One of Neutron's key innovations is its Integrated Apps, which empower developers to create smart contracts with the functionality of traditional applications. This opens up a world of possibilities for decentralized finance, including liquidity optimization, cross-chain transactions, and more.
Backing from industry heavyweights like Binance and CoinFund adds further legitimacy to Neutron's vision. With strong investor support and a proven team at the helm, Neutron is well-equipped to execute on its ambitious roadmap.
Looking ahead, Neutron faces both opportunities and challenges. On the one hand, its pioneering technology and strategic partnerships could propel its token $NTRN to new heights, potentially rivaling the market caps of giants like $SEI and $INJ. On the other hand, the project must navigate risks such as competition from established chains like Ethereum and Solana, as well as potential execution challenges associated with its ambitious cross-chain vision.
š TOP STORIES
Bitcoin Breaks $1Trillion MC - 2021 Levels Are Back
At a glance š
Bitcoin has broken through the $1Trillion market cap for the first time since 2021.
The price continues to rally and is up more than 21% this year.
$9.5bn of new money has entered through the ETFs
šµļø Scoops take:
For some, Wednesday 14th February is Valentineās Day, and for others, itās Bitcoin Day.
The momentum is with the investor and will only continue as we sprint towards the halving.
With the supply heading for a cut and demand ripping through the ceilings, you donāt need to be a genius economist to determine where this is going.
With the predicted pattern, it is about to explode.
FOMO is about to get real so strap in.
Ledger x Coinbase - Making Your Life That Little Bit Easier
At a glance š
Ledger has teamed up with Coinbase to allow users to receive purchased Crypto directly to their Ledger devices.
The process entails the integration of Coinbase Pay into the Ledger Live App.
The IRL comparison is how Skyscanner streamlines the process of flight searching.
šµļø Scoops take:
Those of you who self-custody will know of the painful process it sometimes comes with.
With this latest partnership, the self-custody world just got a whole lot easier.
You also know what happens next, this is just a partnership between Ledger and Coinbase, fear not if you use other exchanges and Hardware wallet providers as the streamlining process will widen across the market.
As always, the more competition in the space the better for the user as our convenience is at the front of the providerās minds.
One less step for man, one giant leap for convenience.
Eth Staking Increase - It Is Not Just Bitcoin You Should Be Bullish on.
At a glance š
The Ethereum staking participation rate has increased by 25%
The total amount of ETH now staked by users is 38.69 million ETH.
Investors are also enjoying the price rise as ETH is up 14% in the last 7 days and since the start of the year, it has increased from $2281 to $2829.
šµļø Scoops take:
It is fair to say Bitcoin has been dominating the headlines, but donāt sleep on ETH.
ETH has been performing extremely well since the start of the year and in fact, it is almost 2x since October so stretch that timeline even further back.
With the highest price witnessed since April 2022, you have every single right to get excited.
With the upcoming ETH ETF, we see ETH performing well.
Stake, Stake, Stake.
š WEEKLY WINNERš
Bitcoin v Gold
When the Bitcoin ETF went live, many (including us) were turning to the Gold ETF to try to identify patterns that would show where we were heading.
Well, nobody could have predicted how unbelievably well Bitcoin has performed against Gold when it launched.
Bitcoin ETFs broke $3bn net inflows in just one month. For comparison, it took the Gold ETF 2 years to do that.
Of course, there is 20 years apart and there is inflation to account for, but youāve seen the Gold ETF chart so if you arenāt bullish you have to ask yourself why.
š” THE REKT SECTION š”
Illegal Crypto Promotions
One thing that will always hold the space back is the illegal promotions that flood the space.
In the last 3 months of 2023 alone, The Financial Conduct Authority in the UK issued 450 alerts on Illegal Crypto Promotions.
This is just for the UK so it will be far higher globally.
Self-custody and awareness are a must, as we gain more and more interest with so many newbies entering, the place will become rife with illegal promotions/phishing links.
Stay safe.
š¬NFT BONUSš¬
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