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Trump Talks, Altcoins Surge, and Hack Rumors Shake the Crypto World

Markets Heat Up as Trump Sparks Hope, Altcoins Rally, and Hack Rumors Keep Traders on Edge

Author

Don't FRET
December 13, 2024 • Estimated Reading Time: 5 minutes

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Today’s Narrative - 📈Bullish📈

Macros

  • Trump's Crypto Stance: Promises major crypto moves, bringing optimism ("hopium") to the market.

  • BTC Reserve in Texas: Texas explores holding Bitcoin in the state treasury—potentially a significant policy shift.

  • Grayscale Funds: Grayscale launches new funds for accredited investors featuring $LDO and $OP.

  • Gate.io Rumors: Alleged hack reported, but the CEO reassures all systems are operating normally. Stay cautious with funds.

  • ETH/BTC Stability: Historically, Jan-Apr is a favorable period for this pair; recent stability aligns with that trend.

Crpytos

  • Velodrome ($VELO): Pumped after Binance listing—momentum worth watching.

  • Cow Protocol ($COW): Trump-adjacent buzz and WorldLibertify usage; ~$200M market cap with upside potential.

  • SUI: Continues to make ATHs, outperforming as Grayscale’s best product.

  • AAVE & LINK: DeFi leaders boosted by WorldLibertify’s new holdings and Aave V4 upgrade on the horizon.

  • DeBridge: Key bridge connecting Solana to Hyperliquid, gaining traction from ecosystem activity.

  • Travala: Gaining attention post-CZ tweet highlighting pre-COVID investment.

  • GiganticRebirth ($HYPE, $PURR): Wallet activity suggests interest in these tokens.

  • AVAX: Secures $250M through private token sale, showing strong institutional backing.

  • Ethena ($ENA): Launching USDtb stablecoin on Dec 16, backed by Blackrock’s BUIDL.

  • TIA (Celestia): Ginger upgrade boosts throughput; "MammothOverlord" teased.

  • Tether ($USDT): Minted 1B new tokens, signaling a potential liquidity boost.

Our Stance

The market feels very bullish with some strong narratives. Trump’s renewed focus on crypto and Grayscale’s new funds hint at growing institutional interest. Trading-wise, coins tied to narratives—like $VELO, $COW with its Trump-adjacent buzz, and DeBridge’s key role in the Hyperliquid ecosystem—are stealing the spotlight. Meanwhile, $XION and $XAI look like undervalued plays worth monitoring for mid-term moves. ETH/BTC stability aligns with seasonal trends, offering a potential hedge against volatile altcoins. Overall, focus on projects tied to real developments and liquidity inflows, but always stay nimble—this market rewards the prepared.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. Cryptocurrency markets are highly volatile, and you should only invest funds you can afford to lose. The views expressed here are those of the authors and do not represent the opinions of any organizations or entities we may be affiliated with. We are not liable for any financial losses incurred from investment activities based on this content.

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