Magic_Nic

Crypto investor. $ILV, SSC, OKB, Cets, CWM, DDMC, TMHS, Solgods, Degen Dojo, FFF, Portal, The Suites, Parlay, QT, Meekolony, Chainmyth, Zoolana, Botborgs, etc

[Rugcheck @Rugcheckxyz]

1/ 🔍 Ape-ing into new tokens on @Solana is exciting, but finding out which ones are a rug-risk is no fun.

This is where RugCheck comes into play!

[Phantom @phantom]

RT to wish @solana a happy birthday 🎉🥳

[Ethena @ethena]

$150,000,000 $USDe in beta

$sUSDe APY pushing up to ~18% real yield annualized

Hope you are not still stuck in t-bills with Jason Calacanis are you, anon?

@ethena mainnet about to drop

🚨 NOTIFICATIONS ON 🚨

[Netrunner - Solana Tax Tool @NetrunnerTax]

There's less than 2 weeks of 2023.

That means you've got less than 2 weeks to:

- Burn rugged tokens to realise the loss
- Tax loss harvest if you've got bags that are down bad
- Get an insight into what your income and capital gains were for the year

Why is this important?

After 11:59pm 31 December 2023 you'll no longer have the ability to sell for a loss or burn any spam/rugged tokens.

If you've round tripped tokens to zero, holding them in your wallet means you haven't realised the loss.

Even if you haven't made any significant capital gains this year, if you realise those losses and lodge them with your FY23 tax return you can carry them forward for future years.

Be a degen with memecoins.
Play it smart with tax loss harvesting.

[6529 @punk6529]

1/ On A Country's Wealth

You are going to start reading this thread and say "yeah, I knew that" but I am not so sure.

Money is not a country's wealth. Currency is not a country's wealth.

The capacity to sustainably produce products and services is a country's wealth

[VanEck @vaneck_us]

VanEck 🤝 15 Crypto Predictions for 2024

Prediction #1. The US recession will finally arrive, but so will the first spot #Bitcoin ETFs. Over $2.4B may flow into these ETFs in Q1 2024 to support Bitcoin’s price.

[Raoul Pal @RaoulGMI]

Raoul's Easy Guide to the Business Cycle and Why it Matters:

Today:

ISM leads GDP by 3 months. ISM is around zero GDP growth currently, so GDP should be low Q4 and Q1.

This is where cyclical stocks, RTY and commodities live, and is why they are subdued.

[Zhe @iamzhe]

Today we’re rolling out notifications for new airdrops.

Monitor up to 1,000 wallets across SOL, ETH and EVM networks.

We will send you an email or Telegram message when
- a new airdrop is published
- when your wallet becomes eligible

https://t.co/5RyY2UMwx8

[ionicXBT @theionicXBT]

I’ll tell you why $SOL will reach $500+ this #crypto bull run.

It’s simple.

But first you need to understand “Moore’s Law”:

That is,

“Over time, computer chips become smaller, perform better, and cost less due to Moore's Law.*

So scaling blockchains with hardware beats software, thanks to Moore's Law.

Hardware speeds up and gets cheaper each year.

Scaling issues? Moore's Law solves them.

Solana scales easily, almost infinitely, as long as hardware keeps advancing.

Infrastructure matters less.

Like this tweet and I’ll share with you another gem.

[Miles Deutscher @milesdeutscher]

You don't always need to narrative chase.

If a project is quality, eventually it creates its own narrative.

Recent examples are $LINK & $SOL. 2 months ago, both charts looked dead.

Often the best gains come from showing conviction and patience.

Quality rises to the top.

[mert @mert]

Many Eth & Sol folks aren't aware of this:

- both chains have the same endgame; they take different paths to get there

the discourse around running nodes always misses this

block production will be done with big machines, but verification will be done by anyone

Vitalik even wrote about it in his Endgame blog post (attached screenshot)

that is to say, both have a similar vision of crypto's endgame — and it is necessary we both exhaust the design space to maximize the probability of success for a crypto future

[MOBY @mobysol]

If your portfolio is UNDER 100k - read this :

Solana is a CLEAR narrative for this bull market.

You know it. I know it. @blknoiz06 knows it.

If you disagree - you're probably sidelined.

First step - denominate in $SOL

When $SOL pumps and the manlets print - liquidity moves further down the risk curve.

Solana shitcoins will go nuclear.

The .eths say there isn't enough to do on Solana.

There aren't enough altcoins on Solana.

That's a feature, not a bug.

With less "things to do" - liquidity will be concentrated.

Just look at $BONK

Keep your eye out for:

- New projects (ex. $PYTH )
- Airdrops / new coins (ex. $JUP)
- Blue chip NFT projects (ex. @GalacticGeckoSG)
- Web3 Games (ex. @playtheheist)

And don't get distracted by the trash

I'll post a Solana altcoin watchlist next week 🔔

[Jacob Canfield @JacobCanfield]

In my opinion, I think that @Solana is going to continue to be one of the biggest movers during this current bull market cycle and I'm going to lay out some ideas for you.

It's possible that with the Ethereum ETF news that some of these ideas don't play out, but it's worth sharing anyway.

Here is a thread 🧵

I'm going to lay out some charting concepts, projects you'll want to follow and look into and some influencers that are heavy into the ecosystem as traders, builders and developers that you should know about.

First, I want to highlight a few charts you might not be aware of for @solana that could perhaps give you some perspective on what might be possible.

SOL.D - Solana Dominance
At the market peak, we didn't even crack 3% of the market for solana dominance.

SOLBTC - Currently breaking out of a weekly resistance level and looks to want to form a parabolic rally.

SOLETH - Also currently broke out of a weekly resistance and looks to be forming a parabolic rally against it.

ETH.D - Ethereum Dominance. Currently breaking down from a long term trendline and losing the 200 weekly moving average. It is currently at 17%, but if @solana continues to trend against ethereum and it continues to break down to 2019-2020 levels, we could see $SOL as the big winner this cycle.
(Again, this may not play out with the current ETF announcement news as it will bring more attention.)

Solana could triple or quadruple it's all time high market dominance around 12-15% and if it continues to trend against Bitcoin, could easily see a $1,000 per coin and take the #2 spot behind #bitcoin.

They also have partnerships with Google & Circle & Amazon, so there is a lot of potential adoption that may happen this time around.

This is why it's very important to look into the ecosystem as I mentioned in early October and find projects that are similar to Ethereum projects that have large market caps.

I'll lay out a few here for you if you are lazy:
1.) $ORCA and $RAY and soon to be $JUP - The AMM's and swaps and trading platforms of the solana ecosystem that got heavily beat up after the FTX implosion.
2.) $MNDE - The defacto liquid staking protocol for the solana token.
3.) $BONK and $SAMO - The highest performing meme coins. (currently up significantly from their lows, so be careful with your entries, but both have a shot to deliver much higher multiples.
4.) $SHDW & $RNDR - The storage solutions for NFT's and other projects on Solana. Both have unique capabilities.
5.) $FIDA - Naming token on Solana similar to ENS.
6.) $POLIS / $ATLAS & $AURY - The top gaming projects on Solana. Polis is the governance token and Atlas is the in game trading token.
7.) $STEP - The public dashboard of @solana that tracks your portfolio and does many other things. Very beat up by the FTX tokenomics as well.
8.) NFT's - @MadLadsNFT, @y00tsNFT, @solBOOGLE and @SolanaMBS are probably the top 4 collections I would look at holding and @samoyedcoin and @bonk_inu NFT's.
9.) @jito_sol - MEV rewards - (no token yet, but worth using in case they do an airdrop.)
10.) @PythNetwork - The chainlink of solana as the oracle provider. (No token yet as well, but worth looking into.)
11.) @phantom & @solflare_wallet - The defacto wallets for Solana.
12.) @solscanofficial - The solana explorer with all kinds of great data metrics to dive into like TVL, trending NFT's, volume, etc.
12.) @mangomarkets - The top perps dex on solana.
13.) @AppSecretum - A private messaging app and otc dapp (no token yet)
14.) @MagicEden - Top NFT platform on Solana (also no token yet)
15.) @xNFT_Backpack - A revolutionary new wallet protocol.
16.) @audius - A music creation dApp for musicians and artists to retain their work.
17.) @jump_firedancer - They are building a parallel solana validator that is faster and leaner and runs in tandem for dual chain validation.

I think that there is quite a bit of PTSD around the ecosystem and rightfully so.

But Sam is in prison and it's time to become it's own entity and forge it's own future.

There's a few people that have been around and never wavered on their belief on @solana that are worth a good follow during this current solana bull run.

They are a mix of founders, developers, influencers, NFT people and traders, but are all deep in th ecosystem:
Founders @toly and @rajgokal
@blknoiz06
@SolanaLegend
@SolportTom
@buffalu__
@armaniferrante
@mert
@joemccann
@GoodSamoSamo
@xerotrades
@_Crazy4Crypto
@SOLBigBrain
@fxnction
@_Urkann
@0xCelon

I hope this gave you a glimpse into the ecosystem, and I do think that there are still projects that are not created yet that will become unicorns. I gave some clues as to what projects you might want to explores.

[Ansem @blknoiz06]

one of the few teams publicly going deep on solana @ the lows when it was contrarian to do so, still one of the best reports ive read on sol by @ceterispar1bus

[Raoul Pal @RaoulGMI]

My SOL thesis in a nutshell if you care.

[Bob Loukas 🗽 @BobLoukas]

Big weekly breakout for $SOL. Overbought, but a pretty looking chart.

I guess the Solana crowd is bullish on SBF going to jail...

[Pyth Network 🔮 @PythNetwork]

Today marks the unveiling of the Pyth Network Retrospective Airdrop.

This airdrop is a cross-chain program for the dedicated community of the Pyth oracle ecosystem.

Learn more below:
The program is an expression of deep appreciation for the dedicated Pyth Network stakeholder community.

Pyth community members who have contributed to the oracle network, applications across 27 blockchains that use Pyth data, and the individual users of those applications are all eligible for this airdrop program.

The airdrop program is backwards-looking and snapshots for on-chain and social activity have already been completed.

Although the date when eligible participants can claim their airdrop allocations has not been announced, individuals can check their eligibility and allocation amounts by using the airdrop check webpage found in the official blog post below:

[Retired Chad (Monad Arc) @retiredchaddev]

The coming cycle for crypto feels like it's gonna be the real supercycle that Zhu missed. Every major has its own narrative that can bring in insane flows -

1. BTC has the ETF + ordinals + upcoming fungibiles - ordinals and fungibles are dead at the moment, but when they start moving again, will be insane

2. ETH has the ultrasound money meme + lots of L2s doing innovative shit - they suck for now, but will catch up before long. Jerking off to the burn will be a real thing and will have a cascading effect

3. SOL will be the darling of the cycle where it will be the go to chain for anyone entering new with speed and cheap txes, and I'm pretty sure no one is going throw shade that SOL has unsustainable economics before long. I'm starting to feel pretty confident where it's heading.

I don't know where Monad and other new parallel L1s fit in, but we shall see.

Mother of all cycles is coming. If a recession needs to happen first for top down flows to finally kickstart, so be it. Asia will be the leader for the coming cycle and crypto will suck the global liquidity from all assets.

[raj 🖤 @rajgokal]

"progress is impossible without change, and those who cannot change their minds cannot change anything."
- george bernard shaw

one of the traits I respect most deeply is an ability to keep an open mind, and change positions in the face of new information. rock on @Justin_Bons!