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- 🚀 Robert F. Kennedy Jr Is All In on Bitcoin!
Happy Monday dear subscribers! In today’s Newsletter, Robert F. Kennedy Jr is pushing Bitcoin Hard!
In today's bulletin, we are covering:
Great consolidation weekend, we are back with more action!
FLOW is pushing to breach and reacover the key 70 cents range. The most relevant resistance, this would trigger the full bullsih reversal, tracking closely:
Thinking out loud about $SOL 👀
RFK Jr. Champions Bitcoin as "Currency of Freedom"
Robert F. Kennedy Jr., a Cabinet nominee and former presidential candidate, revealed he has invested most of his wealth in Bitcoin, emphasizing its potential as a hedge against inflation and a tool for economic stability.
Bitcoin Investment: RFK Jr. has allocated a significant portion of his wealth to Bitcoin and previously purchased Bitcoin for his children.
Advocacy: Describes Bitcoin as the “currency of freedom” and a hedge against inflation.
Policy Proposals: Advocated for placing the US fiscal budget onchain for transparency and establishing a Bitcoin strategic reserve.
Vision: Believes integrating Bitcoin into US reserves could stabilize the dollar and ensure its dominance as a reserve currency.
He also advocated for Bitcoin’s role in government transparency and preserving the US dollar’s reserve currency status.
Solana Shines: Record Fees and Memecoin Frenzy Propel Market Growth
Solana's decentralized finance (DeFi) ecosystem has achieved record-high fees and revenue, driven by a surge in memecoin speculation and SOL’s price rally to $242, its highest since 2021.
Several Solana-based protocols, including Raydium and Jito, experienced historic fee activity, reflecting the platform's growing ecosystem.
Record Fees on Solana DApps: Raydium hit $11.3M in fees, Jito $9.87M, and memecoin-related platforms like pump.fun and Photon also recorded major earnings.
Memecoin Mania: Tokens like Peanut (PNUT) and Dogwifhat soared, with PNUT rallying 2,700% to reach a $2.4B valuation, aided by endorsements from Elon Musk.
SOL Price Surge: Solana’s price hit $242, nearing its all-time high of $259, while its market cap rose to $112B, fueled by token inflation and staking rewards.
Inflation Dynamics: Solana’s inflation rate is currently 4.9%, gradually decreasing by 15% annually.
Solana's thriving ecosystem, fueled by memecoin speculation and robust DeFi activity, underscores its strong market position and growing appeal to users and investors alike.
ZEROBASE
The Origins:
ZEROBASE is a zero-knowledge (ZK) project designed to increase the speed, privacy and decentralization of the network. It generates ZK proofs and focuses on allowing for scalable and compliant computing across various sectors, including finance, AI, and blockchain.
> It is a decentralized platform designed to provide secure, real-time zero-knowledge proof generation. It generates ZK proofs ensuring consensus by using their HUB ring-wake mechanism.
The Operative:
ZEROBASE aims to differentiate in the space by focusing on improving three key parameters:
Privacy: Utilize TEE (Trusted Execution Environments) to guarantee confidentiality and tamper-proof data.
Speed: Generates proofs in under 0.4 seconds.
Decentralization: Use global nodes eliminating single points of failure while maintaining consensus.
The platform offers products that range from general commercial circuit development to more specific services like zkLogin, zkDarkPool or zkVote systems.
Some of that technology is already being used as part of some projects like** TOMO Wallet** (zkLogin), Lynex (zkDarkPool), Polyhedra (Tiga Processor)** or Unyfy** (zkDarkPool).
Summary & Competitors:
ZEROBASE has raised a total of $5M in a recent fundraise with a total of 12 participants including Binance Labs, Faction VC, dao5.
The core of ZK technology in blockchain lies in two key aspects: privacy and scalability. There are many projects working on improving it and the competition is strong for the sector with projects like Pindrop Security, Truepic and IDX.
The Phases of a Crypto Bull Market
Many times, we wait for the bull market in crypto to see our investments pay off, and in most cases, they do. However, if we deeply understand how a bull market works, we can make the most of it with life-changing gains. Let's dive in!
Phases
One of the characteristics of crypto is that it doesn't have a reference index like Wall Street with the S&P 500 or Nasdaq. Instead, crypto only looks to Bitcoin—not just as the absolute king 👑 (no doubt about that anymore) but also as the market’s reference point.
In this sense, it’s logical that any significant rise begins with Bitcoin and then trickles down to the rest of the altcoins.
We can identify 4 phases in a bull market:
Phase 1: Bitcoin
Phase 2: Ethereum
Phase 3: Large Caps
Phase 4: Altseason
Phase 1: Bitcoin
In this phase, flows start going exclusively to Bitcoin, causing its price to skyrocket and reach new ATH 🚀 Other altcoins may rise but to a much lesser extent, resulting in BTC dominance growing exponentially. Once BTC reaches ATH, it may correct slightly and show strength again, though not as parabolically. This marks the transition to the next phase.
Phase 2: Ethereum
While BTC consolidates, the flow moves to ETH, which reaches new ATH, and BTC dominance drops. This also drives up the price of many altcoins, especially large-cap ones, leading to the third phase.
Phase 3: Large Caps
Major altcoins begin to soar 🔥 setting new ATHs while BTC and ETH trade below their highs in a clear lateral consolidation phase, signaling the exhaustion of the initial rally 🥵 Consequently, money flows into altcoins that have yet to explode, moving from more established projects to riskier ones 😩 leading to the final bull market phase.
Phase 4: Altseason
This is the stage of madness, FOMO 💸 Here, altcoins that haven’t surged yet begin to do so, generating parabolic increases and outperforming BTC, ETH, and many large caps. Meme coins start skyrocketing 🚀 and newly listed projects experience substantial growth, often fueled more by the euphoric market state than their fundamentals 💨
Aftermath
Without a doubt, money flows from safer, more established projects to the riskier, more volatile ones with less future potential, where speculation is the main driver. After the fourth phase, those who manage to exit in time either move their profits into stablecoins or gradually return to BTC as a kind of store of value, knowing that a bear market may be near ⬇️ (some trade only to accumulate more BTC or ETH).
An essential thing is identifying the star or the fuel of a bull market 🌟 This is crucial because it not only helps us maximize profits by focusing on certain projects but also allows us to understand the bull run beyond just its phases.
For example, in 2020, the bull market was driven by DeFi. In 2024, meme coins are the stars, and many analysts believe this will be the "bull market of memes" 😆 Thus, what we are seeing now—meme coins rising—may feel like phase 4, but in reality, we are still in phase 1 (BTC at ATH with high dominance, and ETH lagging behind).
What I want to highlight here is that while the phases are a very practical guide, they should not always be read linearly but rather integrally—otherwise, it would be too easy to become a millionaire, right?
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