Gm friends,
The airdrop attention lately has been focused on the Solona and Cosmos ecosystem but we wan’t to keep you ahead of the pack and ready for what’s next.
That’s why, this week we’ve got another EigenLayer airdrop strategy focused on Swell rswETH and multi-LRT liquidity pools.
Not sure what those are? No problem, that’s why we’re here.
Let’s go!
Here’s what’s in today’s issue:
- Rekt Capital has the latest technical analysis for you on the market.
- Defi Dad has an EigenLayer airdrop strategy featuring Swell rswETH and multi-LRT liquidity pools.
- Jesse has a ton of hot new airdrops for you.
For any crypto related questions please comment on the website.
Try The Rabby wallet, built by the guys over at Debank, and get points towards their airdrop.
Step 1: Download the wallet
Step 2: Import your Metamask account and claim points (assuming you are active on chain)
Step: 3 Do in wallet swaps and gas top ups
In today’s edition, we’ll discuss Bitcoin’s Pre-Halving Rally, Altcoin Market breakout, the breakouts in Ethereum, Solana, and Chainlink how all of these moving parts align well with the Altcoin Hype Cycles.
We’ll also cover the price action for a wide-variety of Altcoins, including:
- VeChain (VET)
- UniSwap (UNI)
- Theta Token (THETA)
- Polkadot (DOT)
- Coti (COTI)
- Chiliz (CHZ)
The Bitcoin “Pre-Halving Rally” Phase Has Begun
Last week, we spoke about how Bitcoin was transitioning away from its Pre-Halving Downside period into its new Pre-Halving Rally phase:
A few days later, Bitcoin had broken out:
The Pre-Halving Rally phase has begun, a little ahead of schedule even.
But this Bitcoin breakout has tremendous implications for the Altcoin Market at large as well, primarily because it is kickstarting a new Money Flow Cycle:
And we’re already seeing the very initial signs of Altcoins starting to react to this new Pre-Halving Rally phase from Bitcoin.
Altcoin Market Cap
Over the past few weeks, we’ve been taking a look at Altcoin Market Cap and its Bullish Pennant:
And most recently, Altcoin Market Cap has performed a historic breakout from this structure:
Here’s what this breakout means for Altcoin Market Cap:
- After a period of extended consolidation at highs, Altcoin Market Cap is ready for a new uptrend.
- The yellow circled retest was successful. Historically, yellow circled retests have preceded uptrends to revisit the blue level at $250bn which would set up another retest (blue circled retest).
- Altcoins are going to increase in valuations over the coming several weeks.
Ethereum’s Price Predicament
A big part of the Altcoin Market Cap is represented by Ethereum, which we discussed last week, emphasising how it was preparing for its next move:
Here is today’s update:
Ethereum has rallied +15% from the red Range Low ($2274) since last week and is on its way to revisiting the Range High at $2791 (red).
Generally, the fact that Altcoin Market Cap and Ethereum have broken out shows that Ethereum is following Bitcoin and with time — Altcoins will too.
The timing for this couldn’t be better because Altcoins are in the very middle of their Q1 Hype Cycle:
Altcoins are in their Lowest Hype…
