Alpha issue #51
Early projects and market overview
Hello everyone and welcome to another issue of Alpha Made Here, my newsletter where I show you the newest crypto projects and market overview. If you’re reading this but haven’t yet signed up, you can join others and get Alpha delivered to your inbox by subscribing here:
Spotlight Project
KyberSwap
Multichain #DeFi exchange & aggregator on 13 chains⚡Swap at the best rates⚡LPs earn more | $KNC alpha: http://Discord.gg/kyberswap | TG: http://t.me/kybernetwork
🙍♂️ Followers: 289.2k
Links
OUR DESCRIPTION
My friends from KyberSwap are one of the OGs in the space. They launched in 2017 and since then they have built the most integrated DEX aggregator with over 70 DEXes on 14 chains.
They have a unique concentrated liquidity design. Liquidity Providers do get not only high fees from the trading pools but also extra farming rewards on top of them.
Kyber also reworked Discovery Tool into KyberAI which brings a lot of insights about the market but it is still in Beta. I will update you when it is available for everyone.
RELEVANT ACTIVITIES
You can participate in the trading competition from @kybernetwork simply by swapping any tokens on any of these 8 chains:
Polygon
Arbitrum
Optimism
zksync
Linea
Ethereum
BitTorrent
BNBCHAIN
To win a share of 5000 $KNC reward!
TOP FOLLOWERS:
@cz_binance
Score: 4054 🟢
Followers: 8.5M
Description: CEO @binance, holder of #bnb #btc
@StaniKulechov
Score: 3357 🟢
Followers: 239k
Description: Founder of @LensProtocol 🌿 and @AaveAave 👻
@tyler
Score: 3281 🟢
Followers: 1.1M
Description: Co-founder @gemini Co-founder @winklevosscap Vocals @marsjunction
Alpha Projects
Omni X
Omnichain NFT launchpad and aggregator
🙍♂️ Followers: 87.7k
Links
OUR DESCRIPTION
Omni X is an omnichain NFT platform that empowers creators and collectors by providing a seamless, user-friendly marketplace across multiple blockchains. It allows for cross-chain collaboration and trading, offers easy NFT minting, and features a launchpad for exclusive NFT projects. The platform's sleek UI ensures a superior user experience, showcasing digital assets in personalized profiles.
RELEVANT ACTIVITIES
Earn points that qualify you for OMNI rewards with each transaction on their platform.
TOP FOLLOWERS:
@franklinisbored
Score: 3765 🟢
Followers: 168.19k
Description: #Web3 #BAYC. Bored Ape holder. @USC alum. @NASA co...
@andr3w
Score: 3639 🟢
Followers: 188.37k
Description: digital art - founder @webthreefc - dms open
@KeyboardMonkey3
Score: 3466 🟢
Followers: 167.37k
Description: 🦍 multi-disciplinary degenerate. not financial advisor
Other projects
Surfi
Type
DEX
Description
DEX Aggregator on @lineabuild
RELEVANT ACTIVITIES
SurFi Tester Campaign ended on the 5th. Claim Glaxe oat here
Lynex
Type
DEX
Description
Solidly Fork on @LineaBuild
RELEVANT ACTIVITIES
You can participate in early supporters campaign here
Utopia
Type
NFT
Description
NFT market place on Arbitrum
RELEVANT ACTIVITIES
Wait for more information. Stay tuned to Twitter for updates.
Robinhood Bot
Type
DeFi
Description
Trading bot
RELEVANT ACTIVITIES
You can fill out presale interest form here
Cleopatra
Type
DEX
Description
DEX on @0xMantle
RELEVANT ACTIVITIES
Wait for more information. Stay tuned to Twitter for updates.
Lyve Finance
Type
DEX
Description
omni-chain ve(3,3) DEX @LineaBuild
RELEVANT ACTIVITIES
Wait for more information. Stay tuned to Twitter for updates.
Pegasus Bot
Type
DeFi
Description
Copy trading bot
RELEVANT ACTIVITIES
Wait for more information. Stay tuned to Twitter for updates.
Please make sure to DYOR before interacting with any of the protocols!
Market Overview
It looks very much like Binance was forcibly closing the positions of the longers. The price fell into an empty order book. Buyers came after the dump, which can be seen from the second bar after the dump.
In general, sales are epic. -15K bitcoins delta per day. It's a lot. Even if you look at history. Quite drawn to the selling climax. However, this may not be the last portion.
Now, as is usually the case after such sales, the sellers have taken a break. Therefore, we see a green delta in the market stat. And now it is interesting to determine whether there is still limit pressure from above by clusters. If the price is not allowed to rise, large clusters form at the top of the bars, the price does not rise on small volumes of purchases, then the pressure is still there.
So far, it is more logical to wait for the appearance of large clusters at the bottom of the bars, as it was in the past. Rising bids and easing pressure from above.
If you enjoy these market overviews check out the author’s channel.