Top 5 Monthly Watchlist:
• $JUP
- Teams ‘selling’ is only happening in the first 7 days.
- It means all the FUD surrounding JUP will be end upcoming week.
- During the initial 7 days, it can be assumed that most of the selling has already occurred.
- Looking at the CEO's tweet, JUP stakers are eligible for airdrops, just like $TIA.
• $RON
- There is a potential that it will be listed on Binance and major CEXs, starting with Coinbase.
- Possibility of airdrop of ecosystem game tokens such as $PIXEL to $RON Staker.
- It has the highest DAU among Web3 gaming platforms, and more games are scheduled to be released.
• $MATIC
- $MATIC/$POL Migration this month or next. (hint - Bybit's $POL)
- Seen as undervalued amidst the EIP-4844/ZK narrative.
- If $STRK is launched, it will likely gain market traction alongside it.
- AggLayer V1 Launch positions $MATIC as a leader in solving L2 liquidity fragmentation issues.
• $MKR
- Ongoing discussions about rebranding and Token split.
- Launch of Ethena/Blast expected to raise borrowing costs, benefiting Maker's profit.
- As a leading beneficiary of the Restaking/LRP narrative, increased borrowing against $ETH for new airdrops is expected to benefit $MKR.
• $PENDLE
- Top beneficiary of the LRT Wars.
- A price-rise flywheel has been established with each new addition of LRT Pool.
- Puffer Finance, backed by Binance Labs and the Ethereum Foundation, is expected to boost Pendle's TVL/Volume.
- Arthur Hayes has been buying $PENDLE since last year. As with $SOL previously, the likelihood of shilling for $PENDLE.
• $BTC
- Next week, it is expected that the $GBTC outflow FUD (totaling over $1 billion via the Genesis legal/bankruptcy process) will resurface.
- However, the majority of $GBTC is set to be converted back to BTC for creditor repayment.
- If the market is influenced by this FUD, peak FUD is maybe peak opportunity. (Similar to last year's October FTX $SOL liquidation situation)