You've long wanted the frog. Well, soon you'll get the frog. @coinbase is adding PEPE to our listing roadmap with the goal of listing later today. Thanks for your patience.
Rotating more eth into pepe. Why?
1. Seasonality: Most people aren’t aware that PEPE is somewhat linked to Trump. He’s tweeted the meme in the past. With him being president, any interaction or post by him will lead to a pump. Elon has also tweeted it, which sent it to ATH in march this year.
Sent this to a friend earlier. Sharing here jic its useful:
been spending today trying to understand what to do with spot. have a lot of usdt and i think we’re both somewhat sidelined (i defo am). but i don’t think its the worst thing.
been looking at the data of all previous btc local and ath breaks, and the trend is pretty clear. once you get that break through local high/ath, you usually have some time where alts are consolidating and they catch up soon after.
going back to 2017, and even if you look at last year, we flipped bullish when btc broke 30k. solana was still at $30 for the next 7 days, then went parabolic. so imo ur so much better off just waiting then allocating all your spot when btc does eventually break through. darius dale has this saying “ur better off being the second in a confirmed trade, than first in an unconfirmed trade”.
right now it’s still at range high/lower high, so my plan will be to wait for that clean break through. by that time, btc.d will probably be at 60%, and we should start to see alts rally and btc.d come down.
i’ll look to convert most my btc and all usdt into alts at that point
Having said all this, i think dca is still the best strategy in q4, @benjamincowen makes a good point re alt season really beginning when the fed increase their balance sheet and that hasn’t started yet
Rotating more eth into pepe. Why?
1. Seasonality: Most people aren’t aware that PEPE is somewhat linked to Trump. He’s tweeted the meme in the past. With him being president, any interaction or post by him will lead to a pump. Elon has also tweeted it, which sent it to ATH in march this year.
3. mindhsare to mc catchup: shib is still the highest mc meme on eth, despite having far less mindshare than pepe. if it does become the highest mc meme on eth and overtake shib that’s already a 3x from here.
Sent this to a friend earlier. Sharing here jic its useful:
been spending today trying to understand what to do with spot. have a lot of usdt and i think we’re both somewhat sidelined (i defo am). but i don’t think its the worst thing.
been looking at the data of all previous btc local and ath breaks, and the trend is pretty clear. once you get that break through local high/ath, you usually have some time where alts are consolidating and they catch up soon after.
going back to 2017, and even if you look at last year, we flipped bullish when btc broke 30k. solana was still at $30 for the next 7 days, then went parabolic. so imo ur so much better off just waiting then allocating all your spot when btc does eventually break through. darius dale has this saying “ur better off being the second in a confirmed trade, than first in an unconfirmed trade”.
right now it’s still at range high/lower high, so my plan will be to wait for that clean break through. by that time, btc.d will probably be at 60%, and we should start to see alts rally and btc.d come down.
i’ll look to convert most my btc and all usdt into alts at that point
#ALT / #BTC pairs are at an important crossroads.
If they get rejected by the bull market support band, which has now fallen to the prior support level that has since turned resistance, then it should allow #BTC dominance to hit 60% before EOY.
Last cycle, final #ALT / #BTC pair capitulation occurred *after* rate cuts began and they bottomed once QE began.
At the last FOMC, Powell said that QT will continue for now, despite lowering interest rates.
They did the same thing last cycle.
Rate cuts began in July 2019, but QE did not start until September 2019.
This cycle, rate cuts began in September 2024, but QE is still yet to begin.