0xBlockBard Alpha Digest #6

Escaping The Rat Race

GM and welcome all new subscribers to the 6th edition of my Alpha Digest!

This issue will be pretty short as I’m currently busy working on something big which I’ll share more below:

• Market Overview and Sentiments

• Alpha: Memecoin

Market Overview and Sentiments

We’re still in the middle of the bull run, with Bitcoin leading the charge and teasing investors at the $100k milestone. Many investors anticipate Bitcoin will break this barrier before the end of the year, which could either mean an explosive breakout to $120k and beyond or a fall again to $90k+.

At the same time, we have alt season upon us, with Ethereum finally making a resurgence at last. Investors are taking profits from their Bitcoin holdings and divesting them into other altcoins.We can observe this from the general decline in Bitcoin and Tether dominance with the simultaneous increase in Bitcoin price.

How long can this bull run last?

I remain cautiously optimistic that it still has some steam left in the short run and that Bitcoin will be able to break past $100k by the end of 2024, with several altcoins performing well.

At the same time, I think possible dark signs are looming over the horizon in 2025, and we will have to be prepared and ready to shift over from bull run mode to bear market mode at a moment’s notice when necessary.

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Alpha: Memecoin

This newsletter was meant to go out earlier this week, but for good reason, it got delayed—I was unexpectedly swept up in meme-coin mania. A private community I’m part of launched a token on pump.fun, and things took off from there.

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It has come to my attention that there could be several things wrong or suspicious behind this token, and I have thus removed content related to it.

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Cheers,

0xBlockBard