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- A Toy Firetruck Thrown At My Face Hurts Less
A Toy Firetruck Thrown At My Face Hurts Less
Altcoin's in hell, life insurance is tokenized, top SEC cop is done, and GameFi news
OVERVIEW
A Toy Firetruck Thrown At My Face Hurts Less 🚒
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/778b0ec0-2ab8-41fb-9285-ec170029bc70/5f872d914163c24b6fd7c993d72aa7e0.gif?t=1718737596)
The total market cap is testing the $2.24 trillion level for support, but the altcoin market cap is at risk of dropping below the critical $1 trillion level. It’s a world of hurt out there. 🔴
In today’s Litepaper, we’re looking at several altcoin charts and just how beaten down and ugly they look.
Also on deck: life insurance gets tokenized, the SEC’s top crypto cop resigns, and a plethora of GameFi news. 📰
Before we dive in, here’s today’s crypto market heatmap:
And here’s a look at crypto’s total and altcoin market cap YTD:
TECHNICAL ANALYSIS
If It’s Not Bitcoin Or Ethereum, It Looks Ugly 🤒
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/da6be134-a33c-49ab-a800-75bc9269bc3f/200w__19_.gif?t=1718737402)
$BTC’s and $ETH’s charts look strong. They look healthy… ish. But nearly every other crypto chart out there is ugly as hell. Let’s look at a few.
Cardano’s ($ADA) chart is so ugly if it was a Mortal Kombat character, Scorpion would yell, “STAY OVER THERE.” 🦂
Injective Protocol’s ($INJ) chart could walk into a haunted house and walk out with a paycheck. 👻
If Aptos’ daily chart tried to join an ugly contest, they’d say, “sorry, no professionals.” ⛔️
$RUNE is so ugly, if it had a pet rock, it would run away. 🪨