Here we go again!
Guess what? Even though unc Powell caused heaps of liquidations with his typical hawkish FOMC routine, onchain traders are not only unfazed, they’re cooking.
Out of the top six chains, Base is where most of the action’s happening. The 7-day inflow data points straight to the bald man’s chain:
Source: DeFiLamma
Peek under the hood and it’s obvious why: Virtuals Protocol.
The market absolutely loves the latest, approved DAO proposal. When a team establishes product-market fit, plus long-term trust of the community, that’s when the price action we see on VIRTUAL happens:
We’ll get into the hottest Virtual Protocols picks shortly (here`s a nice ecosystem list for you, all of these are on fomo), but first, let’s map out the broader market.
BTC remains somewhat shaky overall, and we may be off to a rocky start in November.
Nevertheless, Bitcoin`s chopiness did not seem to affect strong onchain coins with ongoing narratives. Caution is advised in case BTC starts closing below $103k. This is where another market-wide dump could happen. So far, so good; however, danger increases below $110k.
Lastly, Bitcoin Dominance is currently back in a slight uptrend. Once you see this one start reversing back down (under 59% at minimum), that's when it's possible to start feeling comfier in your onchain hustles.
Not financial advice! Good luck.
Alongside Hyperliquid, SEDA continues to smash all-time highs as it’s currently one of the most fundamentally interesting projects.
Simply put: data burns SEDA. As the primary oracle for the HIP-3 ecosystem, which is expected to grow massively, you can imagine the potential here. Plus, I can sense early Chainlink-like cultish vibes forming on X.
Checking in on the “Most held” section inside the fomo app, we can clearly see GAME by Virtuals staying in the lead.
If you’re bullish on VIRTUAL, you have to be bullish on GAME as the de facto gas token fueling the AI agent economy. GAME is what powers the whole flywheel.
Speaking of GAME, I’m definitely adding everythingempt0`s to my fomo tracking list. This guy absolutely nailed this one at the bottom. What’s he up to next? I’m watching closely:
Time to get down and dirty and check out your favorite low caps. Some of these might turn dreams into reality, while others turn dollars into dust. But that`s the game we play.
ACE took the trending weekly spot on fomo and seems to be sticky. Ace provides digital services, including AI-generated video and audio.
Another Virtuals ecosystem pick. MAMO is one of the tickers mentioned in the latest Virtuals report.
Lastly, our good old Nubcat. NUB is definitely the favorite cat of fomo traders, and has been sitting in the “Most held” section for a while now.
Personally, I view NUB as a blue-chip meme worth focusing on when memecoins start showing signs of a comeback. What do you guys think? Could you reply to this email and let us know?
Downtrending for now.
All of these are available for you on the fomo app. The trending section is buzzing!
It seems that our fellow legendary fomo trader jotagezin is slowly saying goodbye to his META trade. GG, this was an absolute cook.
What’s he up to next, you ask? Well, follow him on fomo and see for yourself.
Another massive cook of the week is this ACE trade by Metaversejoji.
As mentioned above, ACE is one of the top Virtuals/x402 picks. I don’t know about you, but I’m tracking Metaversejoji from now on.
And finally, what is DegenPing up to? I DONT KNOW, but I will follow him to know for sure.
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 👀
Lastly, please take a moment to vote below to help us out!
Also, reply to this email and let us know if you think the bull run is over or not. Your feedback is greatly appreciated!