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gm traders,
Even with the US Government officially back in office and the McRib back on the menu (which has historically preceded a big pump), the price action of BTC remains bearish, to say the least.
The bearish sentiment also translates to the on-chain world, where the big three (Solana, BSC & Base) saw around 3-5% in outflows over the past 7 days.
However, some people are beginning to see light at the end of a tunnel, pointing to increased altcoin strength compared to BTC.
Moving beyond price action and onto what can effectively be described as crypto’s Trojan horse, stablecoins are continuing to infiltrate traditional finance (TradFi) infrastructure, with the latest development being CashApp’s rollout of stablecoin payments to its 57 million users, all powered by Solana.
Meanwhile, over at the link marine camp, Gregory Neven, Research Engineer at Chainlink Labs, showcases the privacy features of its infrastructure in a recent presentation at Smartcon, widening the scope of the company’s institutional capabilities.
Last but not least, I suggest listening to this sit-down with Se, where he discusses the FOMO app and shares his biggest wins, fumbles, and other valuable insights.
Even with dwindling on-chain volumes, a bull market can still be found somewhere.
Launched on MetaDAO, Avici flips the high FDV/low float script on its head, offering unique ownership rights that effectively turn the coin holders into bank share owners.
Oh, and the coin is also on Ansem’s radar, which can be a good or a bad thing. You never know.
We all know ZCash has been on an absolute tear since September. However, following the recent drawdown (almost 40%), many thought the trade was over.
Alas, the coin sprang right back to highs, signalling that the privacy trade is far from over.
As always, keep track of the majors in the “most held” section directly inside the fomo app.
Many believe that Privacy coins offer the last 1000x opportunities in crypto. That’s why this week’s Small-cap section features two privacy-focused projects to help you prepare, in case that turns out to be true.
Monero-Chan is an open-source privacy platform on Solana designed to expand traditional protection beyond transaction information to include app logic, user data, and state transitions, providing comprehensive security.
The next coin, also linked to Monero, is part of the Virtuals ecosystem and has been performing well while still leaving room for significant growth.
Mute Swap utilizes zero-knowledge (zk) technology and broker-mediated liquidity, enabling atomic cross-chain swaps without exposing addresses or fragmenting liquidity.
By the way, I’d keep an eye on this chad, since he totally nailed the trade, currently sitting on more than 500% unrealized PnL.
As always, the top trending picks will rotate, so keep your eyes peeled on the fomo trending coins tab:
When looking at the best trades of this past week, Frank’s ORE cook remains at the top of the leaderboard.
Trade number two demonstrates that with size, even a 56% move can pay off your house’s mortgage, netting a massive $280,000 profit for happyk21.
When the trader initially bought it, he left the following note: “xpl but it goes up”. Hilarious yet true.
While I might be nearing unc status, that doesn’t mean I don’t appreciate a good TikTok meme, especially if it’s running hard.
Good job, stig.
Naturally, the top trade ranks will flip around as the week progresses. If you wish to stay on track, download fomo and keep your eyes peeled 👀
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