ETH to 20k before the EOY

Market Report #229

Hi everyone, welcome back to another newsletter and firstly I just want to apologies for the huge break between the last newsletter release and this one, things have just been super busy in real life and it has been really hard to find the time to sit down and write, as well as that the market conditions have been pretty awful, that is up until about 10 days ago, pretty much a stagnant entry into summer that bored everyone.

I really do appreciate everyone and anyone who reads these newsletters, since starting to write them all those years ago, and even though the last few months have been slow in terms of content and the market generally, it does seem as though we are not going into the next phase of this cycle, which we will discuss some thoughts below.

For the first time since the middle of March, the market has now shaken off this downside slide that we caught ourselves in, looking back now and seeing all the hype and euphoria we saw at the start of the year, and at that point I was a bit uncertain and worried that we was progressing a little bit too fast for the beginning of the cycle and I thought that if we continued on the same trajectory we would top out too soon.

This was one of the reasons that in the 2nd last newsletter, i mentioned I was scaling out of a few altcoins such as RON for example with the expectations that after so much upside we had been seeing, it was better to position ourselves for potentially some type of correction, this of course came 2/3 weeks after and since that then market has been pretty dead, in terms of engagement, community and price, majority of newly launched coins got hit hard which sucks but now things are ticking up.

The price of ETH has exploded around 2 weeks ago, wiping out two months of downside in the matter of 2 days, which just goes to show the strength of the buyers market when things are heading in the right direction or we get bullish news. The strength of this market is still here and we are seeing signs that this market is still nowhere near a top and this correction we saw over the past 2 months has only strengthened that thesis, whales are now accumulating at the fastest rate in bitcoin history and we are seeing huge influx of trading from spot ETF’s for BTC, it seems we are the cusp of a great transition towards mass adoption and a last ‘super’ cycle.

ETH has been already been slept on pretty heavily so far this cycle, we have seen SOL lead the march in terms of generally chain activity and explosive growth, this likely due to now a much wider understanding of how chains work and the scalability and ease of use that solana is currently offering for things such as memecoins and quick launches which seems to have taken this cycle by storm. That said, i believe things are likely going to shift back to ETH as this cycle continues and we see a rotation back.

Look at this chart from ETH, we can see that since the end of March price action has been heading lower and lower forming lower highs and grinding down into a pretty critical support region we have on the higher timeframes, this being around 2.8/3k, as mentioned above this downside was obliterated half way through this month with a 48 hours that took price straight back to the highs of the year, wiping out any bear sentiment and putting a complete halt on any ideas of selling in the near future, likely this flush going into summer, has come to and price will now contiue trending higher.

I think that ETH is going to continue climbing from here, and as mentioned multiple times in this newsletter since the start of the year I think even though we had a good end to 2023 and the first quarter of 2024 was super explosive, after Q2 reset we will likely see a strong second half of this year as we move into US elections and volume and volatility pick up after the summer period is over. I think crypto gets interesting during these summer months though, expect traders to start getting back into new and interesting projects, expecting AI to be the leading sector for gains (apart from memecoins) as we continue throughout the remainder of the year, lots of the altcoins I have been buying on this dip focus on that sector pretty heavily, DEAI, GLM, AIT, TAI, AIOZ just to name a few.

My targets for the remainder of 2024 and the first quarter of 2025 are pretty high for ETH and AI plays, I think funds flow back into ETH and we see a season of major gains, you have to think that only 2 weeks ago news that an ETF spot listing from ETH went pretty much from 10-100% overnight after the approval earlier in the month, we are on the cusp of seeing major money flowing into spot ETH holdings.

We are about to see major ETF adoption for spot ETH, I think ETH has a much more interesting value proposition compared to BTC for the majority of investors as they see it as the “internet of things” in this new internet shift and web3. The demand for ETH has surged again as it does most cycles, but this time with a much more scarce supply compared to last cycle and not with the additional buying pressure from a spot ETF, this is going to cause a huge supply shock and I think this combination can take ETH price way higher than the majority of us are expecting. Of course we also have to factor in the amount of upgrades that are taking place on-chain, while solana might be the current best place for the majority of users who are looking for daily transactions the amount of institutional interest and building on ethereum is vastly superior and likely with time passing and the decan upgrade and scalability improving to ETH we can only expect ETH to remain the single best chain and only improve as time goes on.

Also for those who are wondering I am currently spending my time trading and buying on WOO, I had a lot of problems recently with both the security factor and risk factor of KYC on majority of centralized exchanges. WOO currently has probably one of the best products for high-performance trading in the space right now.

A combination of deep liquidity books and powerful trade tools makes it perfect for most traders who are looking for an alternative solution.

This I have said previously, but I think this is going to be the last major cycle for price action across the board, this type of adoption is what we once only dreamed of when we all started investing in the space, to have spot ETF’s for major crypto, getting BTC added to pension investments and countries adopting the technology for major use within the monetary system. This is likely going to be some type of super cycle where the cycle could potentially go much higher than we expect and last longer with the last big push for huge gains, I think BTC gets to 1m a coin eventually, but if we get to 200k this cycle then profits and potential returns are going to likely stagnate and become more predictable. We are also likely going to see a mast cleansing of altcoins, memecoins and projects, not just in terms of price as we see at the end of every cycle but on a deeper regulation level where stuff is either just complete banned, blocked or restricted to the point of no investment access.

I think its super important to take the time this summer and for the remainder of the year to really focus on crypto, carve out a solid plan, does not need to be to difficult but I think it is rather important to just know that crypto could potentially really peak some point in the next 3/5 years and if you are not making the most of this opportunity that has already been presenting itself then you might kick yourself down the road, I think for me now, im enjoying summer, I have some really exciting and important IRL stuff this year but just consistently buying ETH and AI plays on dips and then enjoying time away from the screen, not focusing on low timeframe movements will always bring the best results.

Thank you to everyone who reads these newsletter and I will be writing another newsletter next week that will cover the market and specific altcoin charts, so if you have any recommendations for charts you want, then leave a comment below. I just wanted to get this newsletter out to share my general thoughts on the market right now and just kick things back off as we head into summer and volume ticks upwards.

BITCOIN MAKES A NEW ALL TIME HIGH

Market Report #228

Hi everyone, welcome back to another newsletter, another crazy week in the crypto markets, I was going to get this newsletter out on friday but I was waiting to see the weekend price action as the past week has been eventful to say the least.

Bitcoin has of course hit a brand new all time high, finally! so congratulations to everyone who has stuck around over these past few years, kept consistent with their thesis and believes in what value BTC brings to the world. Currently at the time of writing this newsletter Bitcoin is sitting at around $72,200 dollars which is great, and price now seems to be stabilizing above the previous ATH which is excellent, of course volatility has spiked, yesterday we see a wick back below into the previous ATH at $69,000 but bought back up nicely, buyers seem to be fully in control of the market, and price action reflects this, buying demand is just far superior.

Last week on the 5th we saw one of the most volatile moves for BTC and ETH that we have seen so far during this bull cycle, this was the first day that Bitcoin really tried to break its ATH, and likely due to a mixture of hype, previous bag holders taking profits and an influx of short positions at this historic number, BTC saw a huge bearish wick. Price dropped at -15% on the day and even though it was a brutal day with mass liquidations how price action has recovery since has been the real story

Bitcoin at the moment is having so much success due to the demand as price climbs higher and more and more ETF’s get approved, and the lack of sellers right now are non existent, this of course is only going to escalate after the halvening happens and rewards are slashed once again. The momentum shift that has happened taking us from a bear market to a complete bull market and more importantly a new ATH has happened extremely fast, this is probably one of the fastest shifts I have seen, this of course we discussed in the previous newsletter as potentially being a front-loaded cycle where we see some type of sell-off after the halvening but right now i have mixed emotions on what could unfold.

On one hand price action looking so strong, so many bullish catalysts on the horizon, more and more institutions and investment funds are allocating parts of their books to BTC allocation is only pushing demand higher and higher, and I see no reason why this year BTC is not trading well above $100,000, likely closer to 150k. The question is for me, what happens between now and then, and what are the risk to rewards of trying to time the market by selling to early or selling to late.

Looking at ETH which is of course a lagger in this market behind BTC, I am expecting BTC buyers to at some point rotate into ETH to find more opportunity and then after that towards the end of the cycle rotate into something like Solana. ETH is still yet to break ATH’s and is currently just sitting under this resistance level at $4000, which is pretty much the last line of defense before we see ETH starting running to previous ATH’s which likely will result is us trading above $5000 for the first time. I think ETH has the best upside from here moving forward, I am targeting somewhere between $10/12k by the time this cycle comes to an end.

Similar to BTC if we didn’t see that wick down -15% on the 5th, I would now likely be wanting to take profits, expecting some type of intra-day blowoff top, this is done usually to take easy positions that are overleveraged as they attempt to long the breakout of the previous ATH, but we saw a great example of this on the 5th with a -15% wick also on ETH, this was a great retest and for now makes we think we keep trending higher slower going into the halvening.

I also wanted to discuss some AI coins that we spoke about on the previous newsletter and also what I have been charting on twitter over the past few weeks and months.

The first of those coins being PAAL, something I have been sharing since entering around 10c, I still have a position open but have began taking profits over the past few weeks we we climbed towards $1, I think a dollar is a very easy target here and honestly as this is one of the most hyped AI coins in the space right now, this can just keep climbing fast. It really is hard to gauge what type of price some of these new AI projects can hit, just wanted to say nice work to anyone who got in, some of my profits have been rotated now into GLM, another AI coin that we charted last week.

Price action and chart is way less important when looking at GLM for me, but you can see just straight away from the newsletter we wrote at the start of this month price has started to see some very strong bullish momentum. This is likely due to CT now running with the story about how GLM has a huge treasury that is based in ETH, which at the moment of writing this newsletter is worth over 1b+ USD, while their marketcap is still only 600m, of course a huge opportunity for price to catchup. GLM also leans into the DePiN narrative aswell as AI and has no unlocks for future tokens, all very bullish catalysts that hint at price performing well throughout this cycle.

I have been increasing my exposure to nearly all AI based crypto projects since the start of the year, one of the few sectors that will see exponential growth throughout this cycle and beyond and I have just been blindly buying the sector without too much due diligence. Generally a sector I believe will be a great performing moving forward.

As well as AI, gaming is of course something else I am super bullish on, as most of the people reading this newsletter will already know, RON has been a position I have been buying up since wow, about a year now. Average entry price was around 50c, and just today we see RON break into a new all-time, once again congratulations to everyone who has bought a position since it has been in these newsletters. This week for the first time since actually buying my original position I have started to take profits ever so slowly, reducing my position just makes sense, I have accumulated a significant percentage from just farming rewards so it after close to a 10x, for me now it is a good opportunity to roll some profits into other projects and reduce size.

I just want to finish this newsletter off by taking a look at SOL/USD as this pair has been one of the strongest over the past few days, likely catching up after watching BTC and then ETH run since the start of the year, we saw Solana make the majority of its gains first in the latter part of 2024, and now after taking a breather is once again moving higher, now at prices which have not been broken since we last ran to ATH.

As I mentioned previously in this newsletter, the cycles usually flow through the main three coins, BTC into ETH and then finally into SOL, as users are attracted to more risk as the cycle continues, ETH and SOL still have some ground to make up before hitting new ATH’s but I think that once Solana does break that all important number which sits at $260, i think solana is going to move way higher, im targeting $700.

In conclusion the market looks strong very strong, we are around 35 days or so away from the Bitcoin Halvening and BTC is seriously seeing a major supply crisis as demand just sky rockets while supply just continues to decrease as more and more take their coins off-chain and ETF’s continue to get approved and onboard more users in the US, it really does seem as though crypto is finally break that adoption barrier that has been preventing investors from getting access, I have a feeling that this could potentially be the last major cycle we see for significant gains and for that reason I think prices could get a lot higher than what even I think could be bullish targets.

I think right now its pretty hard to balance emotions on when to sell or when to add to positions, I feel like seeing the majority of gains before the halvening still leads me to think that we might see a significant drop is price at some point post halvening but even when we dropped 15% just a week ago this was bought up some aggressively by buyers that it makes me question what is really going to happen this bull run. Right now im just trying to hold positions for as long as possible and still just rotating profits into ETH instead of USDT.

Market update 29/02/24

Market Report #228

Hi everyone and welcome back to another newsletter, and wow what a crazy month is has been, not only in my personal life have things been hectic but I cannot even begin to explain the amount of work I have been putting into the crypto space behind the scenes, it feels as though every time I think I need to go outside and touch grass, something new is happening or some other coin is pumping even harder.

I love writing these newsletter because it gives me a timeline and source of conviction going through different cycles, majority of the people reading this have been subscribed for around 1/2 years, and reading back 7/8 months ago when we was discussing how we should be positioning our portfolio going into the new year, being fully allocated and understanding that the first half of 2024 would be the initial start of the bullrun as we led up the BTC halvening. It brings my great pleasure knowing that most people are now seeing their portfolios explode in value, altcoins performing super well and all those days buying altcoins is finally paying off 10 fold.

Of course the market looks absolute amazing right now, and below we will take a look at a few positions I currently have opened and some charts to go along with those positions and my general thoughts on the price action. The two interesting things that stand out to me right now is that, while looking ‘google trends’ still no retail influx and nobody is really searching for “bitcoin” or “crypto” online, unlike what we saw in 2021, where retail was the reason the market was exploding. Now we are rising based of institutional influx of capital, likely the first stage of this bullrun.

The second interesting idea I want to point out before moving onto price action, is the idea that this bullrun could technically be a frontloaded run, meaning that we see a HUGE runup in price action PRE halvening, unlike what we usually see which is slower PA before and explosive PA after, this could technically be the opposite and the halvening could end up not spiking price as much as people think, maybe causing some hype of general pullback for the crypto market, before heading higher from summer until the end of the year or Q1 2025. Just something to think about.

Bitcoin first, look how good that chart looks, since the start of the year BTC has been exploding in terms of PA and is on track to close today for the highest monthly dollar gain in the history of BTC. Looking at the chart above, you can see that the past 3 weeks have been very aggressive, price has moved moved within only a few thousands dollars of the previous all time high and we have seen the first retest of this significant resistance block marked above.

Defiantly would not expect to get passed this level easily, breaking this obviously takes us to new all time highs, it seems the most logical response to get a pullback from this level, something like $48k makes sense, price is over-extended and I would be expecting a pullback more than price just breaking 64k and heading to ATH’s, just remember that if BTC does correct 15/20%, this will have a larger affect on altcoins.

ETH/USD looking similar to Bitcoin but maybe a little more natural in the progress to the upside, Ethereum already had a lot of catching up to do to stay in parity with the rest of the market, breaking 3k was a great momentum shift and ETH added nearly $500 in price in just the past few days alone. Price needs to get above 3.4k and hold steadily if we want to expect further upside, this being a key resistance level, I think if this does not happen then we could expect a pullback to around 2.8/2.9k which seems pretty fair. Important to point out that if a 10/15% pullback is scary then you are defo overleveraged in terms of positioning. This said, target is ETH to $10,000 this cycle.

Solana I currently do not have a active position, but would love to get a entry around $80/85 when the time comes, hopefully ETH or BTC does see a larger sized correction in the coming few weeks and a opportunity presents itself for this type of entry, anything below $100 is likely good for this cycle as a entry and honestly i really regret selling my bags I had from $18. SOL right now looks generally way less volatile compared to ETH and BTC, and it could technically fall a bit further due to lack of upside the past few weeks and running more in the second half of 2023.

Ronin a huge play for those who have been reading this newsletter over the past year and built a position along side me, this is still one of my largest altcoin positions but I have de-risked my position and taken profits between $2.8/$3.1 and even now is a fine level to take profits considering our entries where sub $1. I think RON/USD pairing does extremely well this cycle and I have a target of $10/12 pretty easily, I think worry that when BTC and ETH does (if) correct then ronin likely can find entry levels around $1.8, as price action is still relatively soft as we have less historic levels. Still one of my largest positions, still farming a 6 figure position on Ronin/Staking.

PAAL one of the most recent positions, believed I spoke about this a few newsletters back for a play into the AI space, think this is going to be a huge gainer this year, and already has been something like 4x from my original entry. I think this project hits $1 pretty easily and expecting to see some major exchange listings in the near future, one of the leading AI projects in the space right now that is building a pretty substantial ecosystem. I think AI is and already has been the best performing subsector in the crypto ecosystem for this cycle, this is not going to change anytime soon.

This leads me into a new larger altcoin position I have just began building up just over the past 2/3 days, this is $GLM or Golem, funny story this was actually one of the first altcoins I was ever bullish on in the crypto space, back in 2017/2018. Now they of course are perfectly aligned to see substantial growth within the AI and De-Pin sector and is likely one of the most undervalued projects. The interesting thing that makes GLM so interesting if their treasury balance, while their marketcap might just sit around $370m, a already pretty small MC for such a strong tech savy project in the AI space, they actually have a treasury valued at 800m dollars, meaning their internal holdings are double that of their marketcap. Im a buyer here, and already price is below my initial entry, I will be adding to this position heavily during march.

Just to summarize my thoughts right now, the market is hot, we are here at the bullrun after a long awaited bear market. AI, Gaming and De-pin sectors are going to be core sectors that see growth this cycle. Institutional investors are here and buying pretty heavily, while general retail / public audience is still not seeing the crypto hype if we are taking google trends data into account. ETH, BTC and all altcoins will see new all-time highs over the next 12 months, but we might see 2 larger corrections along the way so please do please careful with leverage. This potentially could be a front loaded cycle that sees substantial growth pre-halving before pulling back and cooling off before another run in a few months. New position for me in $GLM.

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I am also thinking about starting back up my youtube channel to provide one free video or livestream per week along with one free newsletter, I would love to get some feedback on if video based content is something you would be interested in, please do leave a comment below with any suggestions or thoughts on that.

Thank you for reading this Newsletter; if you did enjoy it and would like to stay up to date with any of my technical analysis moving forward, please do subscribe. I am currently trying to write something on the markets at least once a week.

Market update 03/02/24

Market Report #227

Hi everyone, welcome back to another newsletter, apologies for the lack of content over past 4 weeks, I am now full back to twitter and newsletter with full focus and I will try my best to get these newsletter’s out every friday for you moving forward. The past few weeks have been pretty manic, I have been relocating and moving across the country and moving into a new home so things are a little up in the air, but now finally getting back to full focus on the markets and more importantly this newsletter.

Firstly want to speak on Ronin and my position on $RON, still have not touched it since buying maybe 10 months ago now, as most of you know have talked about it in this newsletter many times over the past 6/7 months, and I have always been pushing the project on twitter. Still my largest altcoin position and still staking everything on the Ronin platform, well price has been performing incredibly well the past few weeks.

In the past 140 days, price has rallied 450%, and if you was entering at the lows, it is possible to be up as much as 700% in that time, a huge win for everyone who reads these newsletters and researches some of the project that I mention, especially when I have some much conviction. Ronin is still easily one of the most undervalued projects in the space from here, the 3rd most used chain after BSC and TRON and still a tiny marketcap in comparison, take some profits here if you wish but we have higher targets in mind for the rest of the year, especially with coinbase and binance incoming.

In regards to the rest of the market, and specifically ETH, things have been a bit slower since the start of the year, the price for ETH/USD pairing has been pretty flat generally, between $2200-$2400 with the only real divergence being upside tap in 2.7k

I think the market is just cooling off at so much upside in the last quarter of 2023, we saw close to 50% growth in the past 4 months so this level seems to be a logical place to just let the market cool, likely a bit of exhaustion after the ETF news, but nice to see the market moving sideways mostly without too much selling pressure.

As you can see from looking at the chart above, we have a good amount of buyers that step-in anytime price drops below $2150, this was previously heavy resistance multiple times during ‘23, so seeing support here is great, I am asking ETH to just keep moving sideways until the market settles and we finally move higher, keep an eye out on this resistance level at $2600, this is now the most important level to break moving forward, and likely once this level is flipped, price will soon quickly trade back above 3k, any wicks below 2k I am a heavy buyers, just still just holding.

One thing I have been showing the past few weeks is farming the airdrop for GRVT, the next-gen hybrid derivatives exchange powered by zkSync that is hopefully going to launch in the next few months. Currently for users who are signed up, you can complete challenges like connect twitter account, inviting friends and earning loot boxes that will be critical to receiving the GRVT airdrop. I only have 12 invites left this week, so first come first serve on the button above, but if you cannot get access I would try and find a invite and farm this airdrop, I think this can be a big winner.

In regards to BTC/USD pairing, we are pretty much at the same price that we opened the year with, around this $43,000 level that seems to be acting as both resistance and support at the moment, seems as though we are seeing a heavy amount of trades taking place, likely a lot of swapping of hands at the moment post ETF, bigger things at play with GBTC, I think honestly it good at the moment that price is stable.

I think look at the BTC chart that you can see above, it does seems as though the level to mark out for entry would be around $35,000 and honestly I do currently have some orders set at these levels 35/36k, and it seems as though it is a logical place for BTC to see at some point in the future, but one thing to note is that when price did begin to break lower below 40k just last week, buyers already heavily started stepping in at 38k, so buyers are still pretty aggressive when it comes to any signs of a dip into the 30’s.

I think the general outlook for this year and maybe partially of next year is mostly bullish, I think more and more ETF’s will contiue to get approved and we this cycle, will start to see the transition of Bitcoin from a internet currency transform into a more well regulated and hardened longterm investment option for wealth storage. We of course also have the BTC halvening fastly approaching another major bullish catalyst that usually results in price surging post event after a few weeks or month, this will likely be the main catalyst that kicks of the main bull cycle later this year.

I also believe that altcoins will perform considerable well over the coming year, I see little cause for concern with any major market correction, we have the US presidential election also this year, so expect the year to be pretty soft without to much bumps along the way. A Ethereum based ETF could be one of the things that really launches the altcoin market higher, I think this has a real chance of happening this year, at least some form of it, this is still why ETH is one of my main positions and I strongly believe we could see price at around $10,000 or more during this cycle.

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I am also thinking about starting back up my youtube channel to provide one free video or livestream per week along with one free newsletter, I would love to get some feedback on if video based content is something you would be interested in, please do leave a comment below with any suggestions or thoughts on that.

Thank you for reading this Newsletter; if you did enjoy it and would like to stay up to date with any of my technical analysis moving forward, please do subscribe. I am currently trying to write something on the markets at least once a week.

Yearly Market Prediction: 2024

Market Report #227

Welcome to 2024, I usually write these at the end of the year, to discuss some of my predictions for the year ahead, it feels as though timing is flying by at the moment, feels like yesterday that we was in the depth’s of the bear market, and I was writing my thoughts on the year ahead on 2023. Now another year on and things have developed heavily over the past 365 days…

Firstly I just want to mention that 2023 has been a generally very positive year for crypto, since the start of the year price action has increased at a pretty insane rate, and while it might not have felt like a bull market while we was living it, looking back the market has been on fire, we have seen major blue chips coins see significant growth, we had multiple full blown bull markets in certain sectors, such as the memecoin season we saw kicked off with pepe in Q2, TVL and on-chain TX’s have been ramping up throughout the year, and now ending in November and December we are seeing major signals that the market is much more risk-on.

Looking forward 2024 seems to be the growth year that most traders and speculators are waiting for, the signs are coming together and it is hard to see 2024 being a bad year with everything that is happening with macro markets, de-inflation on the horizon, global conflicts and politics hopefully seeing some repairs, cost of living likely ticking down all this topped off this major bullish catalysts for the crypto space.

I think nearly everyone who is reading this newsletter is aware of the BTC halvening that is on the horizon, this will happen in around 100 days and likely before that we will also have the highly speculated ETF approval from the SEC. Two news events that are obviously the upmost of importance for the success of the year, both seems to be very positive news events, and while some are speculating that the ETF could potentially be a sell the news event, all have to agree that this will be the biggest single news event in the history of BTC and while in the short-term, low timeframe speculators will sell positions into the news, likely the buying pressure will also heavily out-way. We saw a quick glimpse of what could potentially play out in 2023, when we had a leak that the ETF was approved by a false story that was tweeted by Cointelegraph half way through the year, price instantly started surging and BTC was up 10/12% in just minutes, until the tweet was removed and price dumped heavily.

I think we are on the edge of BTC actually being considered a real store of value and investment on a global scale and institutions, funds and index’s, this is going to be a huge catalyst for price, but this comes with a downside that i think most people are overlooking. For BTC to be fully adopted, and accepted it pretty much has to be heavily controlled and regulated by the global economies, we will likely leave the ‘gold rush’ era after this next cycle, and things will take a big shift in terms of regulation, most of the freedoms and access to DEX’s, DeFi, CEX’s and on-chain investments will be heavily targeted and cracked down on. For BTC to achieve its main purpose and the goal that is was born with, regulation has to come is harsh, this is on the horizon.

Solana has had a great year, and obviously we can expect the rest of the market to follow the bullish trend that is likely going to ripple through the space with the bullish catalysts we have coming up for BTC. As we have seen in November and December traders and on-chain activity shifts back into new launching projects, similar to what we saw with IDO’s in 2020 & 2021, this is usually an indicator that market participants are way more risk-on and seeking new opportunities, we saw this happen at the start of the previous cycle and I think at least for the coming few months, I am expecting this to continue and I would and will be focusing pretty heavily on getting whitelist access and trying to buy launches of new projects.

Two sectors I think will perform very well in 2024 are:

DEX’s, which stands for decentralized exchanges. why? well because we have already been seeing a heavy focus on the SEC going after centralized exchanges, this has been apparent with everything happening to Binance, post FTX, and things are only going to get worse in the near future. Exchanges are going to be super harsh with KYC rules and likely there is going to be some type of tax system in place for users of exchanges that need to report their earnings. I think this movement will push market participants towards decentralized options, DEX will likely take a larger portion of marketshare.

Gaming and Gamefi; products and platforms will have a very strong year, you likely already know but earlier in 2023 we starting acquiring a position in RON which still stands as one of my favorite projects going into next cycle. The growth that has been happening on chain for Ronin is super impressive, with the release of multiple games they have shown complete dominance of the space, becoming one of the fastest growing chains growing from 154k to 1m monthly active users, increasing over 650% in a year. Their most popular game to release in 2023 has been pixels, which is now considered the most played game in Web3, with 115k daily active players and I think this growth is just an indicator of what is coming for the entire sector during 2024.

I also think and wanted to give a special bonus shoutout to AI, i think we will see a lot of AI projects see heavy growth during 2024, those projects that have already been released such as PAAL and AIT, but I think we will see a huge focus on projects trying to tap into this new sector and build projects that combine both worlds between blockchain and AI, which is obviously a combination of two massively overspeculated industries, could potentially give birth to some real big gainers.

It has been a rough past two years, this bear market has been pretty brutal and now finally we are seeing positive on-chain activity and more risk-on movements from market participants, SOL has been a shining beacon of what can happen once coins start reversing this two year price action, and I think majority of coins will move way higher than most people expect and the market will likely keep trending in a very positive direction, personally I think any dips are for buying throughout the year and we will see lots of growth and activity in crypto.

I hope everyone has an amazing year, I hope this year is filled with health, happiness and substantial gains. Happy new year everyone, see you in a week for a completly price action update on majority of the blue chip projects.