After last week’s euphoria, the market finally slows down. The Internet Capital Market meta drives volume into Solana and temporarily became the main narrative onchain. So, In this fifth edition of the weekly crypto narratives, we’ll review the previous week, analyze the market, and find some alpha from the crypto community.
JPMorgan Chase, the biggest bank in the US, settles its first cross-chain transaction between its private blockchain, Kinexys, and Ondo. The transaction was facilitated by Chainlink’s interoperability protocol.
The Anza Research team announces new Solana consensus at Solana Accelerate. The new Alpenglow consensus can potentially make Solana 100x faster with a simpler and faster consensus.
This week’s winners and losers:
The Fear and Greed Index is still in greed despite the market tanking and Bitcoin showing signs of slowing down.
It is still Bitcoin season and the number dropped significantly since last week (33).
The Bitcoin dominance chart rebounds heavily from the 100-day EMA support. On the other hand, the altcoin market cap chart (TOTAL3) topped at $940 billion. The bullish scenario for altcoins is to rebound at the 100-day EMA for an uptrend continuation.
In this edition, we’ll specifically cover alpha and analysis related to crypto trading, investing, and how to ‘make it’.
@DeFiIgnas argues that crypto still rewards curiosity and trying things early, as proven by his outsized profits from trying the AI and DeSci narrative early.
@crypthoem explains how to use Monday for trading and to predict the weekly movement.
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