Yevhen

@applestar

19 Following

8 Followers

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⚪ Looking Ahead: The Meme Dream Lives On ➖ If December taught us anything, it’s that memecoins are unpredictable, but that’s also part of their charm. The volatility may scare off some, but for others, it’s a sign of opportunity. With the right timing, a sprinkle of luck, and an eye for the next big meme, the rewards can be massive. ➖ So, whether you’re a seasoned trader or a first-time memecoiner, keep your eyes peeled and your sense of humor intact. After all, in the world of crypto, anything can happen, and with memecoins, it probably will. ➖ Final Thought: Memecoins may have taken a breather, but don’t count them out. The meme economy is alive and well, and if history (and internet culture) is any indicator, the next rally could be just a tweet away. Let’s get those memes rolling again! 🧵 6/6

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⚪ Why Memecoins Aren’t Done Yet ➖ Sure, December was rough, but let’s not write the memecoin obituary just yet. Here’s why the meme market still has legs: Cultural Power: Memecoins tap into internet culture, blending humor and hype with serious returns. Their community-driven nature makes them sticky, and as long as there’s a meme to laugh at, there’s a coin to mint. ➖ Exchange Love: Major platforms like Binance and Coinbase are diving headfirst into the memecoin pool. Listings bring liquidity, exposure, and legitimacy, fueling the next wave of FOMO. Retail Appeal: Unlike complex DeFi projects, memecoins are simple, relatable, and fun. They democratize investing, letting newcomers dip their toes into crypto with a smile (and maybe a Pepe gif). ➖ Potential for Innovation: While many memecoins start as jokes, some evolve into serious players with real-world use cases. Think Dogecoin and its integration with payments or Shiba Inu’s ecosystem expansion. 🧵 5/6

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⚪ Traders Strike Gold with Pepe ➖ Pepe wasn’t just a token; it was a ticket to life-changing wealth for some savvy (or lucky) traders. ➖ In April, one crypto gambler turned $3,000 into a jaw-dropping $46 million, riding Pepe’s meteoric rise of over 15,000x. ➖ In December, another trader rediscovered their Pepe stash after 600 days of dormancy. That $27 investment? It transformed into a staggering $52 million, proving that even forgotten wallets can hold treasures. 🧵 4/6

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⚪ Pepe: The Star of the Show ➖ If memecoins had an MVP for December, it would be Pepe. The frog-themed token went full meme-mania after hitting $0.000026 on December 9, only to chill back down to $0.000017 by December 20. ➖ But here’s the kicker: Pepe didn’t just ride the waves—it made them. On December 4, Binance.US listed Pepe, sparking a feeding frenzy. ➖ Other exchanges joined the party, with Coinbase rolling out quirky tokens like Moodeng (MOODENG), Mog (MOG), and Dogwifhat. Following its Binance listing, Pepe’s market cap shot past $11 billion, even surpassing Uniswap’s. ➖ Big Picture: Pepe proved that with the right mix of humor, hype, and strategic listings, memecoins can still dominate headlines and wallets. 🧵 3/6

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⚪ Memecoins: The Rollercoaster Ride ➖ The memecoin market started December with a promising $120 billion valuation, according to CoinMarketCap. ➖ Fueled by hype and a sprinkle of exchange listings, it soared to $137 billion by December 9. But just as quickly, the bubble deflated, with the market plunging 32% to $92.67 billion by December 23. ➖ As of now, the market sits at a slightly improved $98.72 billion, still 18% below where it started the month. ➖ Translation: Memecoins went from hero to zero (well, almost), but don’t count them out. The dips might just be a reset for a more stable, and meme-worthy future. 🧵 2/6

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⚪ Memecoins Take a Breather in December, but the Future Still Looks Meme-tastic ➖ December was a wild ride for the memecoin market, with billions flying in and out like a crypto soap opera. ➖ After climbing to a market cap of $137 billion early in the month, memecoins took a nosedive, closing December at $92 billion, a whopping $40 billion vanishing faster than your paycheck during holiday shopping. ➖ Despite the turbulence, there's plenty of reason to believe the meme dream isn’t over. 🧵 1/6

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⚪ A New Chapter for Bitcoin in Vancouver ➖ Vancouver’s embrace of Bitcoin marks a dramatic shift in its approach to cryptocurrency. From banning Bitcoin ATMs to considering BTC as part of its financial strategy, the city is evolving alongside the digital finance revolution. ➖ As one social media user commented: “Excited to see what comes from the discovery phase.” So are we. Buckle up, Vancouver, it looks like the future of municipal finance just got a lot more interesting. 🧵 6/6

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⚪ Vancouver Joins the Ranks of Progressive Cities ➖ If implemented, Vancouver would join a growing list of cities experimenting with cryptocurrency in public finance. This could position Vancouver as a trailblazer, setting an example for other municipalities to follow. ➖ However, much hinges on the feasibility study. While some hail the move as a visionary step, others are eager to see how Vancouver navigates potential risks and challenges. 🧵 5/6

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⚪ The Discovery Phase: What’s Next? ➖ Before rolling out Bitcoin payments or a reserve, the city council has directed staff to conduct a feasibility study. Expected by Q1 2025, this report will assess: ➖ Risks associated with Bitcoin adoption. ➖ Implementation challenges. ➖ Long-term benefits for the city and taxpayers. ➖ The study’s findings will determine whether Vancouver’s bold crypto experiment becomes a reality. ➖ Mayor Sim: A Bitcoin Believer Mayor Sim’s enthusiasm for Bitcoin has been clear. Calling it “the greatest invention in human history,” he’s keen to modernize Vancouver’s financial strategy. ➖ His push for Bitcoin adoption aligns with a growing global trend toward cryptocurrency acceptance, particularly as the reelection of pro-crypto U.S. President Donald Trump signals a shift toward regulatory clarity. 🧵 4/6

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⚪ Diversification for Stability ➖ The motion highlights Bitcoin’s potential to act as a hedge against inflation and fiat currency devaluation. Mayor Sim’s reasoning? “It would be irresponsible not to consider Bitcoin as part of the city’s strategic assets.” ➖ A city clerk’s tweet summed it up perfectly: “Vancouver city council approves motion 3. Preserving the City’s Purchasing Power through Diversification of Financial Reserves, Becoming a Bitcoin-Friendly City.” ➖ In other words, the city isn’t just jumping on the crypto bandwagon, it’s steering it. 🧵 3/6

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⚪ From Bitcoin ATMs to Bitcoin-Friendly Policies ➖ Vancouver has come a long way from its past policies on Bitcoin. In 2019, former Mayor Kennedy Stewart tried to ban Bitcoin ATMs, even though Vancouver hosted the world’s first Bitcoin ATM. Fast forward to 2024, and the city is now embracing the potential of cryptocurrency. The council’s new motion proposes two major steps: ➖ Creating a Bitcoin Reserve: Establishing BTC as part of the city’s financial reserves. ➖ Accepting BTC for Payments: Enabling Bitcoin as a payment option for taxes and city fees. ➖ Mayor Sim called the initiative a “no-brainer,” emphasizing the importance of future-proofing the city’s finances. 🧵 2/6

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⚪ Vancouver Embraces Bitcoin: A Bold Step Toward Crypto Integration ➖ In a move that could shake up municipal finance, Vancouver’s city council has greenlit a motion to explore the integration of Bitcoin (BTC) into its financial strategy. ➖ This initiative, led by Mayor Ken Sim, aims to diversify the city’s financial reserves and combat inflation while positioning Vancouver as a crypto-friendly hub. 🧵 1/6

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⚪ Final Thoughts ➖ While traditional markets brace for a week of pivotal U.S. economic data, the crypto market is positioned to potentially benefit from the fallout ➖ Whether it’s a weaker dollar, softer labor market, or signals of further rate cuts, these economic indicators could drive investors to look for alternatives, and crypto might be the big winner ➖ Buckle up, crypto enthusiasts; this week’s data could set the stage for the next big market move 🧵 8/8

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⚪ Why Crypto Could Shine This Week ➖ The economic uncertainty reflected in this week’s data, ranging from manufacturing weakness to labor market shifts, highlights the need for assets that can act as hedges ➖ With Bitcoin already solidifying its reputation as “digital gold,” these events could push more investors toward crypto as a safeguard against market volatility ➖ Moreover, if the Federal Reserve signals further rate cuts in response to the data, it could ignite a bullish run for the crypto market. Lower rates often lead to weaker fiat currencies, increased liquidity, and a renewed appetite for riskier assets like Bitcoin, Ethereum, and even altcoins 🧵 7/8

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⚪ U.S. Employment Report: The Grand Finale ➖ The November employment report, due Friday, December 6, will wrap up the week’s economic data ➖ Economists are expecting payrolls to rise by more than 250,000, driven in part by Boeing workers returning to their jobs post-strike ➖ If the report confirms a slowing labor market but shows resilience in certain sectors, it could further bolster the Fed’s case for extending its rate-cutting cycle ➖ And when interest rates drop, Bitcoin historically tends to climb, as lower rates make alternative assets like crypto more appealing 🧵 6/8

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⚪ Jobless Claims: What’s Happening in the Labor Market? ➖ On Thursday, December 5, we’ll get a fresh look at weekly jobless claims. The last report showed 213,000 claims, with this week’s forecast slightly higher at 215,000 ➖ While initial claims have been falling, continuing claims are on the rise, suggesting people who lose their jobs are having a tougher time finding new ones ➖ A cooling labor market could increase the allure of crypto as investors seek alternatives to traditional markets weighed down by economic uncertainty 🧵 5/8

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⚪ Nonfarm Payrolls: Eyes on Private Sector Hiring ➖ Wednesday, December 4, brings the ADP National Employment Report, offering a preview of November’s private-sector hiring numbers ➖ October’s shockingly low 12,000 job additions rattled markets, signaling the economy might be slowing faster than expected ➖ If hiring remains weak, it could pave the way for the Federal Reserve to cut interest rates sooner rather than later ➖ Lower rates often boost risk-on assets like Bitcoin and Ethereum, making this data point a critical one for crypto traders 🧵 4/8

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⚪ JOLTS Job Openings: Insight into the Labor Market ➖ On Tuesday, December 3, the Bureau of Labor Statistics (BLS) will release the Job Openings and Labor Turnover Survey (JOLTS) for October. This data offers a glimpse into job openings, layoffs, and overall labor market health ➖ The labor market has been cooling off, with job openings declining steadily since early 2022. However, after a surprise uptick in August, economists now forecast a slight rebound to 7.49 million openings in October. A tighter labor market could hint at inflationary pressures, possibly pushing more investors toward crypto as a hedge against traditional economic turbulence 🧵 3/8

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⚪ ISM Manufacturing Index: Will the U.S. Economy Follow Europe? ➖ Kicking off the week on Monday, December 2, the Institute of Supply Management (ISM) will release its November manufacturing index, providing a snapshot of U.S. economic activity. Recent surveys from the Eurozone and the UK revealed economic contraction, dragging the Euro to a 23-month low ➖ The U.S. index previously came in at 46.5, and if November’s numbers show similar weakness (consensus is 47.5), the dollar could take a hit. That’s where crypto comes in: a weaker dollar often drives investors to Bitcoin as a hedge against economic uncertainty. After all, when fiat falters, Bitcoin stands tall 🧵 2/8

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⚪ 5 U.S. Economic Events to Watch: Could They Push Crypto to New Highs? ➖ This week, crypto enthusiasts and traders are keeping a close eye on key U.S. economic reports that could shake up both traditional and digital markets ➖ As the Federal Reserve closely watches the state of the labor market and overall economy, these events have the potential to spark significant moves in the crypto space ➖ Here’s what you need to know about this week’s biggest economic indicators and how they could be bullish for Bitcoin, Ethereum, and beyond 🧵 1/8

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