Research Summary
The report provides a comprehensive review of the cryptocurrency market in December, highlighting key events, top-performing coins, and emerging trends. It also offers insights into the performance of various coins and narratives, including Solana, Alt L1, and Bitcoin beta coins.
Key Takeaways
Solana’s Impressive Performance
- Solana’s Growth: Solana (SOL) was the top performer in December, with a 71% increase. It started the year at $10 and ended at $100, marking a 10x increase. The report suggests that Solana is likely to remain a top performer throughout the bull run.
Alt L1 Trade Revival
- Alt L1’s Resurgence: The report notes that the impressive run of Solana revived the entire alt L1 trade. Almost all of the top 50 alt L1s outperformed the market in December, with Avalanche (AVAX) and NEAR being notable performers.
Emergence of Parallelized EVM
- Parallelized EVM Trend: Sei Network’s announcement of launching the first “parallelized EVM” has been met with market enthusiasm. The report suggests that this new trend could be a significant factor in the future performance of related coins.
Bitcoin Beta Coins and BRC20
- Bitcoin Beta Coins’ Performance: Bitcoin “L2” and BTC beta coin, $STX, outperformed significantly in December with 115% gains. The report also highlights the strong performance of BRC20 coins, with $ORDI gaining 280%.
Memecoin Mania
- Memecoin Surge: The report notes a surge in memecoin mania, primarily on Solana, but also on other chains. Coins like $BONK, $WIF, and $COQ saw significant gains in December.
Actionable Insights
- Monitor Solana’s Performance: Given Solana’s impressive growth, it may be beneficial to keep a close eye on its performance and the factors contributing to its success.
- Explore Alt L1 Trade: The resurgence of alt L1 trade suggests potential opportunities. Researching the factors driving this revival could provide valuable insights.
- Understand Parallelized EVM: The emergence of parallelized EVM is a significant trend. Understanding its implications and potential impact on the market could be beneficial.
- Track Bitcoin Beta Coins and BRC20: The strong performance of Bitcoin beta coins and BRC20 suggests potential growth in this area. Monitoring these coins could provide valuable insights.
- Assess Memecoin Trends: The surge in memecoin mania indicates a shift in market trends. Assessing these trends and understanding their implications could provide valuable insights.
