Daily Memecoin Recap - September 17

Moo Deng is proof that sometimes all you need is a little bit of conviction

Neiro Pushes Over $350m !
$neiro -> $142m to $377m (2.65x)
- CTO version that was listed on binance

- The volume this has been getting since being listed is insane
- From $15m to $377m in 2 days (25x)

Moo Deng Is King
$moodeng -> $5 .5m to $22 .35m (4x)
$mood -> hit $369k
- Super viral cute baby hippo
- This guy is literally everywhere, all over social media
-
X posted a meme about Moo Deng

Phantom's New Mascot
$ghosti -> hit $526k , not actually launched by phantom

Neiro Related Coins
$neiro -> $7 .4m to $17 .15m (2.31x), $sol version
$rintaro -> $400k to $3m (7.5x), $neiro 's twin brother
$mugi -> hit $256k , $doge 's brother, CTO

More Cooks
$ball -> $907k to $2 .57m (2.83x), "Ball Up Top", viral meme, great price action
$pe -> $223k to $1 .01m (4.5x), " Half of $pepe "
$nft -> hit $684k , "Non Fungible Trump"
$ato -> hit $350k , "Avocato", decent art
$chimpy -> hit $294k , pushed by KOLs, good art
$sachi -> hit $271k , moonshotdotcc launch
$ick -> hit $205k , gen z meme
$blindsight -> hit $188k , CTO
$kek -> hit $140k , CTO
$toby -> hit $125k , frog meme, CTO

The S&P hit a new all-time-high today

Keep an eye on FOMC tomorrow for the interest rate decision 👀

📊 Weekly Outlook August 19-23:
Market focused on Jackson Hole retreat on Friday for clues on rate cuts

News/Sentiment: 📊
• Market focused on Jackson Hole retreat on Friday for clues on rate cuts

• Global PMI data release on Thursday hints at global economic health

• Citi expects 25bps in September and 25bps in November

• Fed minutes from July FOMC to be released on Wednesday

• Labor market data is higher priority than inflation data to determine Fed rate cuts

Events This Week: 📅
Mon:
• 🇪🇺EUR: CPI, German PPI
• 💸 Earnings: Palo Alto ($PANW), Estee Lauder ($EL)

Tue:
• 🇨🇦CAD: CPI
• 🇯🇵JPY: Exports, trade balance
• 💸 Earnings: Lowes $LOW

Wed:
• 🇺🇸US: Fed minutes FOMC, 20-year bond auction
• 💸 Earnings: Tj Maxx $TJX , Target $TGT

Thu:
• Global PMI data
• 🇫🇷FR: Manufacturing/services PMI
• 🇩🇪GER: Manufacturing/services PMI
• 💸 Earnings: Dollar Tree $DLTR

Fri:
• 🇺🇸US: Powell speaks at Jackson Hole at 10am ET, Housing data

Risk Appetite: 😬
• Truflation: 1.42%

• Market fear/greed = 40

• Market breadth = neutral

• Put/call = greed

• Junk bond vs investment grade = extreme fear RiskAppetite

• AAII sentiment: 5% above historical bullish average

• Crypto fear/greed = 28 fear

• High yield bond premium = 3.29% (large decrease)

• High yield effective yield = 7.15% (large decrease)

Market Breadth: 📊
• Percentage of $SPX stocks above 200D MA: = 58% (increase from last week)

• Percentage of $SPX stocks above 50D MA: = 57% (increase from last week)

• Percentage of $SPX stocks above 20D MA: = 50% (substantial increase from last week)

• NASDAQ new highs - new lows = 38

• SPY 52 week highs - 52 week lows =-80

• SPY New highs - New lows = Monthly 68 ; Weekly 19

Other: 📊
• Fed rate monitor tool = 77% probability of 25 bps cut, 23% of 50 BPS cut

⚠️ This week we have one of the MOST IMPORTANT FED events 🇺🇸 that will affect the price of #Bitcoin ‼️👀

Save this calendar to stay alert 👇

WEDNESDAY
- 20:00 CET: Publication of the minutes of #FOMC

THURSDAY
- 14:30: Weekly unemployment claims
- 15:45: S&P Manufacturing and Services PMI Indices
- 16:00: Start of the Jackson Hole Symposium (all day)

FRIDAY
- 16:00: Jerome Powell press conference at Jackson Hole

SATURDAY
- 16:00: Jackson Hole Symposium (all day)

🚨 The Jackson Hole event is going to be very important, many central banks and economic institutions are going to debate the current situation, and above all the most interesting thing will be on Friday with Jerome Powell

As always, I will keep you informed in real time about all this.

US INTEREST RATE 🇺🇸

Yesterday's employment figures gave us a little breather after a red week...

To put it simply, the numbers showed that the job market is doing better than expected, which reduces the likelihood of a recession and therefore an urgent interest rate cut by the FED.

At this rate, we will even find a consensus that is counting on a single rate cut for the FOMC on September 18.

In short, for us, the main thing is to hope that the market holds up for Q4 because that is the launch pad moment for our second part of the bullrun.

The summary of the news #crypto and US market

1) The United States debt has just crossed $35 ,000 billion (+280 billion per month since 2020)

2) Grayscale sold yesterday 210 million $ETHE , BlackRock bought +60 million, total net flow -98 million

3) Side #Bitcoin it is +200 million at BR for a net inflow of +124 million in total

4) The $BTC of the US government seized during the SilkRoad affair moved wallet yesterday (2 billion in value)

5) The Ta-Da application is available on iOS and Android

6) Aave offers a Lido stETH wstETH pool on its v3

7) Finary opens the possibility via its app to invest in #crypto for companies via their holding company

8) Coinbase's quarterly results will be revealed this Thursday (big week of results for some of the super 7s as well)

9) Tomorrow, Wednesday, the FOMC should set the tone regarding the rate cut by the FED expected by the market around mid-September 2024, some analysts are hoping for a first hammer cut of -0.5 while the base is expected to be - 0.25 points

10) Samara Cohen of BlackRock confirms that she has no immediate plans to launch an ETF $SOL

11) 21Shares have integrated Chainlink Proof of Reserved into their ETF for more transparency

12) The Cybertruck is the best-selling electric truck in the United States in Q2 2024, the stock $TSLA climbs back into the top 10 of the largest US caps

13) Pumpdotfun exceeded Ethereum’s 24-hour revenue yesterday

14) Qatar reconsiders its position on cryptos, in order to lift the ban and define a framework

15) The balance of ETF's spots on #Bitcoin now exceeds 50 billion

16) The halving $BTC took place 100 days ago

DXY (DOLLAR) 🇺🇸

The bane since last Wednesday during the last FOMC!

And yes, the FED has really hampered our plans.

For the moment cryptos are under great bearish pressure from the FOMC. But the S&P500 and NASDAQ are holding up. But be careful because if they start to correct it, we'll pay twice as much.

Afterwards, we can decorrelate this summer thanks to the ETH SPOT ETF but not sure...

So yes I am Bullish in the medium and long term as explained in previous tweets but in the short term I don't like it at all.

So do you think you'll see a Bull or Bear summer?

Weekly Outlook June 10-14:

🚨Large amount of economic data this week. Expect volatility.🚨

News/Sentiment:
- Market is looking forward to CPI, PPI and FOMC📈
- high importance on FOMC on Wednesday and the post meeting statement👀
- Goldman Sachs are anticipating the first rate cut in September💰
- Markets anticipating a drop in UK jobs leading to BoE starting its rate cutting cycle📈
- Asia markets cautioned over BoJ reducing QE💼

Daily Memecoin Recap - June 9

Even on slow days, there's ways to capitalize

Remember to take some days off & enjoy life

IRL fight club
$mma -> hit $5 .5m, have a look at their twitter account lol

$daddy -> hit $20 .4m,
has been liking their tweets, which sent it flying. Tate holds 40% of supply
$freeryan -> hit $3 .5m, Tate tweeted and deleted "Free Ryan Garcia"
Iggy Azalea's brother makes a twitter account

$brother -> hit $693k , new one
FOMC & CPI coming up this week
Going to be a volatile week for traditional markets, let's see how crypto reacts