Research Summary
The report discusses the current state of the cryptocurrency market, focusing on Ethereum (ETH) and Solana (SOL) tokens. It also highlights upcoming launches and workflows to identify promising tokens. The report further provides insights into the use of tools like Dexscreener filters and chainEDGE for market analysis.
Key Takeaways
Market Trends and Strength Areas
- ETH and SOL Tokens: Despite a 14% fall in ETH from recent highs, some tokens like ORDS, wBAI, TAO, and PEAS have shown strength. The report suggests that the market is divided between a few utility projects on ETH and the meme casino on Solana.
- Upcoming Launches: The report highlights upcoming and recently launched LBP/IDO plays that fit within the current market narrative and are likely to perform well. These include Inscribe, BeFi Labs, LYVE, and BAI.
Tools for Market Analysis
- Dexscreener Filters and chainEDGE: The report suggests using Dexscreener filters and chainEDGE data in tandem for ETH market analysis. For Solana, dexscreener filters can be used to catch early trends, paired with a Sol contract scanner bot.
- Smart Money Holdings: The report recommends comparing the list of notable tokens with the current chainEDGE smart money holdings to see where the smart money conviction lies.
Trading Strategies
- ETH, SOL, and LBP/IDO/Launchpad Plays: The report suggests keeping trading efforts within these three buckets. It advises against sniping or aping new launches on ETH, DeFi presales/seed deals, and anything on leverage.
Project Highlights
- Eigenlayer and Vector Reserve: Eigenlayer, a highly anticipated project, accumulated over $1.7B in 2024. Vector Reserve introduces vETH, DeFi’s first Liquidity Position Derivative (LPD), primed to capture the entire LST & LRT market.
Actionable Insights
- Monitor Market Trends: Keep an eye on the performance of ETH and SOL tokens, as well as upcoming launches that fit within the current market narrative.
- Utilize Market Analysis Tools: Use tools like Dexscreener filters and chainEDGE for market analysis. Compare the list of notable tokens with the current chainEDGE smart money holdings to identify potential investment opportunities.
- Adopt Recommended Trading Strategies: Consider the report’s advice on keeping trading efforts within ETH, SOL, and LBP/IDO/Launchpad plays. Avoid sniping or aping new launches on ETH, DeFi presales/seed deals, and anything on leverage.
- Keep an Eye on Promising Projects: Monitor the progress of projects like Eigenlayer and Vector Reserve, which have shown significant potential.
