Dec 21
Dec 20
🧑💻 Here are crypto's top gaming projects by development. Directional indicators represent each project's ranking rise or fall since last month:
➡️ 1) MultiversX $EGLD 🥇
➡️ 2) Decentraland $MANA 🥈
📈 3) Wrapped NCG (Nine Chronicles Gold) $WNCG 🥉
➡️ 4) Skale $SKL
📈 5) @FUNToken $FUN
📉 6) @Immutable X $IMX
📉 7) Enjin Coin $ENJ
➡️ 8) @Treasure $MAGIC (Ethereum)
📈 9) @Treasure $MAGIC (Arbitrum)
➡️ 10) Axie Infinity $AXS
Read about our new, objective methodology for covering development activity and "cutting through the noise and misinformation" for over 3,000 projects here!
📺 In our latest This Week in Crypto, we discuss the signs that led to the drop. With tax-related profit taking making sense, there may still be volatility until 2025 begins. But long-term, these signals point to a great future for cryptocurrencies.
💸 With Bitcoin falling as low as $95.5K today, the ratio of crypto discussions that are about buying crypto's dip has reached its highest level in over 8 months. The last time we saw the crowd nearly this enthusiastic about dip buying was the major crash on August 4th. Since that time, Bitcoin's market cap is +81% higher.
Dec 19
🐳 Despite sizeable crypto corrections this week, several altcoins are making very large whale transfers that are indicative of potential dip buys. Among $500M+ market caps, these are the assets seeing the highest rises in whale transactions over the past week:
1) Usual $USUAL
2) Virtuals $VIRTUAL
3) Usual $USD0
4) Gnosis $GNO
5) Fast $FTN
6) Aave $AAVE
7) First Digital USD $FDUSD
8) Multi Collateral Dai $DAI (On Polygon)
9) Floki $FLOKI
10) Multi Collateral Dai $DAI (On Arbitrum)
📉 After the FOMC interest rate cuts, both crypto and equities traders were left feeling a bit concerned. Not because of the current cuts, but due to Jerome Powell's projection for 2025 to have half the amount of rate cuts as expected.
Altcoins, in particular, have gotten hammered over the past 24 hours. Assets like Avalanche (-16%), Chainlink (-16%) Litecoin (-16%), and Pepe (-17%) have pulled back considerably over the past 24 hours. If this was indeed an overreaction, there is a reasonable chance that the projects with the biggest drops will be the ones worth taking the biggest dip buy chances on.