Premium Newsletter Week 52 2024

Keeping you updated on crypto, web3 and blockchain

TL;DR

Markets:

  • BTC is down & ETH is down

  • BTC over-performed ETH this week 

  • Bitcoin dominance is down

  • The hot coin we look at this week is $MOVE

Airdrops:

  • $HAT

  • $AVAX

  • $ZENT

  • $CAML

News:

  • MicroStrategy's Bold Bitcoin Expansion and Share Plans

  • Russia Adopts Bitcoin to Circumvent Sanctions

  • Ethereum ETFs Gain Amid Bitcoin Decline

  • Vitalik Buterin Adopts Moo Deng with 88 ETH

  • Uniswap V3 Launches on Saga’s Appchain

  • Tokenized GPU Marketplace Launched by Aethir and Injective

  • IRS Confirms Taxation of Staking Rewards

  • Trump-Linked Strive Files for Bitcoin Bond ETF

Memecoins:

  • DOGE is up

  • SHIB is up

  • Memecoin predictions 2025 – Will they finally learn their lessons from 2024’s rallies?

  • Dogecoin: Analyzing the impact of a 155% address surge on DOGE’s prices

  • MEXC lists XRPL meme coin PHNIX

  • Popcat's Price Decline and Market Share Loss in the Solana Meme Coin Market

  • The Future of Dogecoin: Utility, Transparency, and Regulatory Pressures

  • Rise of Meme Coins on the XRP Ledger: PHNIX Leads the Charge

And much more!

BTC, ETH, DOGE & SHIB Market Update 📈

Crypto is down this week, with BTC down by 1.3% and ETH down by 1.9%:

Bitcoin dominance has decreased over the week, starting from 55.2% to a high of 56.04% and ending at 54.8%. Investor sentiment, regulatory changes, technological advancements, and the overall growth of the cryptocurrency sector shape Bitcoin's market dominance. Its reputation as "digital gold" also enhances its position, making it a key player in the market.

It’s going to be interesting to see whether this trend will continue in the short term, as capital in crypto tends to flow initially to BTC and then further out on the risk-curve, starting with altcoins like ETH and then into mid- or low-cap coins.

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