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  • Crypto Alpha - 21 November 2024

Crypto Alpha - 21 November 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • Phantom Wallet Rises to the Top

  • $CHILLGUY Takes TikTok Memes to the Moon

  • Nvidia’s Q3 Earnings Are the Real MVP

  • Tether and Circle’s Minting Frenzy

  • $FLOKI Lands on Coinbase

  • $SOL ETF Plans Signal Big Moves

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Alpha of the Day

Phantom Wallet Rises to the Top 🏆

The Phantom Wallet is officially the app store’s golden child, claiming the No. 1 spot in the Utilities category on iOS. Whether you’re a Solana whale or a casual dabbler, it seems like everyone and their grandma is downloading this sleek, user-friendly wallet. While other apps are busy crashing, Phantom is soaring, proving that crypto tools can actually be popular and functional. With its seamless interface and strong security features, it’s no surprise Phantom is living its main-character moment.

$CHILLGUY Takes TikTok Memes to the Moon 🚀

What started as a meme has officially gone meteoric—$CHILLGUY hit a $500 million market cap overnight. Thanks to TikTok trends and a cult following, this token is proving that sometimes, chill vibes pay off. Meanwhile, Moonshot App, which just listed $CHILLGUY, saw its daily fee revenue double, giving its accountants a real reason to party. For anyone who thought meme coins were out, $CHILLGUY is here to remind you: never underestimate internet humor.

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Nvidia’s Q3 Earnings Are the Real MVP 💰

Nvidia isn’t just flexing—it’s absolutely smashing expectations. With Q3 revenue hitting a mind-blowing $35.1 billion, the company saw a 94% year-over-year surge, leaving analysts’ $33 billion forecasts in the dust. The AI and GPU giant is officially the golden goose of tech, proving that whether it's powering gaming rigs or AI breakthroughs, it knows how to print money. Forget stocks—this is the era of “Stonks,” and Nvidia is leading the charge.

Tether and Circle’s Minting Frenzy 💸

Big news in stablecoin land! Tether Treasury minted a fresh billion $USDT, while Circle joined the party with 140 million $USDC. The crypto market’s liquidity just got a caffeine boost, making it rain stablecoins like it’s payday. While critics may roll their eyes at another wave of minting, traders are rubbing their hands together in anticipation of smoother markets. Stablecoin minting drama: always controversial, never boring.

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$FLOKI Lands on Coinbase 🐕

Coinbase is rolling out the red carpet for $FLOKI with a new $FLOKI-USD trading pair launching on Nov 21 at 9AM PT. Whether you’re a Floki fanatic or just along for the meme-coin ride, this move solidifies $FLOKI’s growing legitimacy. The Shiba Inu’s cousin is wagging its way into mainstream exchanges, proving once again that dog-themed coins aren’t going anywhere. Get ready for some serious barking on the charts.

$SOL ETF Plans Signal Big Moves 🌞

Bitwise just confirmed its submission of an S-1 application for a Solana spot ETF, signaling bullish vibes for the Solana ecosystem. If approved, this could open the floodgates for institutional money into $SOL, turning skeptics into believers. As Solana continues to expand its ecosystem with NFTs, DeFi, and beyond, Bitwise’s move feels like a mic drop moment for blockchain diversification. Solana stans, your moment might be here.

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