TLDR: BTC and ETH up. Bitcoin dominance continues to climb. Hot coins we look at are TIA, KUJI & ARCH. Hot airdrops we collect are STRK, QSR & PLNK.

BTC & ETH Market Update 📈

Prices are up on the weekly, with BTC up 4.6% and ETH 3.6%.

Bitcoin dominance continues to climb in a market that is starting to look more and more bullish both for high, mid and low cap coins.

The Bitcoin halving is coming up end of March or beginning of April 2024, and if history is any guidance we will continue to see BTC dominance climb up until after Bitcoin halving, whereafter people start to look for higher return moving further on the risk curve entering altcoins. This typically starts with ETH, and then on to mid- and low cap coins.

A natural result of BTC dominance climbing is the BTC/ETH ratio also increasing further sitting at 18.3 ETH per BTC, underlining that continues to be king in crypto.

Hot Coins 🪙 

This week’s top three coins we are following:

• High cap ($1B+): TIA

• Mid cap ($200M-$1B): KUJI

• Low Cap ($0-$200M): ARCH

TIA (Celestia)

Celestia (TIA) is starting to look like this cycles SOL.

The prize action certainly is starting to look solid:

KUJI (Kujira)

Throughout 2023, Kujira Protocol has consistently grown its TVL, and the price is starting to reflect that.

After going parabolic in the beginning and middle of November, both TVL and price is taking a break before the next leg up, which is normally a good opportunity to load up a nice bag.

Adding to the bullish arguments for KUJI is the fact that:

1. Zero inflation and all tokens are in circulation

2. Protocol (real) revenue is growing

3. Massive airdrops for staking KUJI

1. Zero inflation and all tokens are in circulation

It doesn’t take a PhD in tokenomics to figure out that if supply is fixed (no inflation and all tokens in circulation) and demand is growing due to higher TVL, then price will follow. This is arguably what we have been seeing recently with the KUJI price catching up to TVL.

2. Protocol (real) revenue is growing

As noted by Cosmos Club on X: “the flywheel is turning”

All fees paid to use the network and “native Kujira dapps” like GHOST, FIN, BLUE, BOW etc goes back to KUJI stakers, bringing the 90d revenue to $11.6M, corresponding to a juicy 28% APR for staking $KUJI

3. Massive airdrops for staking KUJI

More and more projects are building on Kujira, many of which launch with a token that is either partially or fully getting airdropped to KUJI stakers. Some KUJI whales are making eye watering money for staking KUJI:

ARCH (Archway)

We did a deep dive recently on Archway and ARCH in a recent article, showcasing why developers and users across DeFi and crypto are getting excited about Archway.

The token is starting to show bullish signs, and there are even rumours of juicy airdrops starting to seem inevitable for ARCH stakers:

Hot Airdrops 🪂

$STRK Starknet

Starknet snapshot has been taken!

Eligibility for $STRK#airdrop is based on past activity; no new actions are required.

Watch out for scams! Rely on official sources only! Have you followed our guide? You may be eligible https://airdrops.io/starknet/#Airdrops

$QSR Quasar

$QSR airdrop is live.

There is a 30 day claim on https://app.quasar.fi/airdrop. . Need $QSR for gas - swap on Osmosis. Snapshot was taken Mar 10th. About 10.2M $QSR allocated to 2,157 eligible addresses.

$PLNK Plankton

$PLNK details from @Planktonkoin

60% of $PLNK supply airdropped to $KUJI stakers. $PLNK is 100% rev share. Ticket sales = 5% FEE directly to $PLNK stakers earning a basket of assets. $PLNK total supply 99m fully vested