OVERVIEW

Memecoin Market Moving Miserably

Sunday’s happy day may have just been one mean fakeout - but let’s see. The normal markets have some crazy economic news this week, so keep your eyes peeled on Tuesday and Wednesday. 🥸

And I changed up today’s content a little - let me know what you think!

Here's how the market looked at the end of the trading day:  

STOCKTWITS
Trending Tickers

Here’s a collection of what’s trending on the Stocktwits app and cryptotwitter, or cryptoX (formerly cryptotwitter) or whatever it’s called now:

dogwifhat ($WIF), pooh ($POOH), Aleph Zero ($AZERO), Milady ($LADYS), Dogecoin ($DOGE), Verge ($XVG), Dogecoin20 (DOGE20), SLERF ($SLERF), BOME ($BOME) and CRONK ($CRONK).

Below is Dogecoin’s Stocktwits Sentiment Data. Look at any major memecoin and it’ll look like Dogecoin’s. 🤦

NEWS
Movers & Losers

Mover

Today’s big winner is $MASK, up 9.59%. 🧁

Mask Network acts as a bridge connecting traditional social media platforms to the decentralized web, enabling Web3 functionalities like crypto transactions, DeFi, and NFTs directly on sites like X and Facebook.

Loser

$BONK got bonked, down -17.15% today.

Nothing specific to BONK on why it’s down today - just normal memecoin retracement shenanigans. 😮

STOCKTWITS CONTENT
A Can’t-Miss Crypto Event 👀

We will be live with the one and only Tom Lee of Fundstrat & Bitwise CEO Hunter Horsley to discuss all things markets & crypto on Tuesday, March 19th at 3PM EST! 🗓️

Beluga Founder Sonny Singh will be joining as well to moderate this marketing-moving conversation. Save your spot by clicking here.

AIRDROPS
Active & Upcoming Airdrops

Airdrops are like unexpected gifts from the crypto heavens, where digital tokens or coins are freely distributed to the wallets of active members within a blockchain network. It's the crypto world's version of finding money in your old coat pocket, but digitally and sometimes with strings attached.

CRYPTO NEWS
Crypto News In Three Sentences - March 18, 2024

🗳️ Two-Men Enter, One Man Leaves: Nearly $100 million has been wagered on the U.S. Presidential Election outcome on Polymarket. Despite tight poll averages between Joe Biden and Donald Trump, bettors give Trump a 52% chance of winning, indicating a divergent perspective from mainstream polling. Read more from CoinDesk

💼 IMF Being Big Bullies: The IMF pressures Pakistan to implement a capital gains tax on crypto investments and real estate as a condition for a $3 billion bailout, aiming to ensure equitable taxation. Recommendations include monitoring property developers and increasing transparency in real estate transactions to broaden the tax base. From CryptoNews

📈 That’s A Lot Of Moon: Crypto investment products reach a new milestone with $2.9 billion in weekly inflows, pushing the year-to-date figure to $13.2 billion, surpassing the total inflows of 2021. Despite the success, smart contracting platforms like $ETH, Solana, and Polygon saw outflows. Cryptobriefing has more

⚖️ Bitcoin miners get handouts: Amid concerns over energy usage, miners secure subsidies and government handouts, influencing local and state policies to favor their operations despite public and environmental concerns. This evolution reflects a broader trend of integrating Bitcoin mining within governmental and economic frameworks, emphasizing the industry's shift towards institutionalization and away from its grassroots beginnings. Read more from Protos

🚀 Huh?: An unnamed AI project on $SOL attracted over $33 million in SOL within 50 minutes of a pre-sale announcement on X. The project offered early investors significant token bonuses for participating within a 24-hour window, capitalizing on the current climate of "extreme greed" in the crypto market. From Cointelegraph

STOCKTWITS CONTENT
A Brand New Episode 🍿

Stocktwits community lead Tommy Tranfo is joined by co-founder Howard Lindzon and resident chart wizard Ivanhoff every week on "Momentum Monday."

Watch it now on YouTube and subscribe to catch each episode when it goes live!

Links That Don’t Suck

🔎 How much does it cost to build a crypto mining rig at home?

🤑 El Salvador Moves Bitcoin Reserves To Cold Storage Vault

💳 Breaking Boundaries: Vanar Chain Joins Forces with NVIDIA Inception Program

🤯 Altcoins could face a "mania phase" soon: Bitfinex

👮‍♂️ Alleged $300,000,000 Crypto Ponzi Scheme in Texas Targeted by SEC As 17 Individuals Face Charges

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