0xScope Newsletter #66: The Most Impactful Memecoin Trading Signals
Also: We share how you can conduct your own research analysis on memecoins using Scopechat, plus our latest findings on exchange assets and token unlocks.
0xScope Releases In-Depth Analysis on the Memecoin Phenomenon
Memecoins, or digital assets inspired by pop culture phenomena and Web3-associated subcultures, hit peak popularity among a growing number of crypto traders in recent years. This Scopechat Research report discusses some of these phenomena, with rigorous data-backed analysis of the top memecoins in the market. Here are some of our findings:
📈 Meme tokens have exhibited exceptional performance during this bull run, frequently surpassing traditional venture capital (VC) tokens.
📶 These signals are more relevant than others when trading memecoins: 24H Smart Money Sales (for tokens below $10M market cap), Holder Increase ($10-$100M market cap), and 24H DEX Transactions (above $100M market cap).
🔗 Memecoin price is strongly correlated to these factors: transaction volumes, DEX buys and sells, and KOL popularity.
Learn about these findings and more in our latest Scopechat Research report.
Analyze Memecoins on Scopechat
This Scopechat Research report on memecoins just scratches the surface on the wealth of information that Scopechat can provide about the hottest memecoins in the market. To see more in-depth information on each individual memecoin, you can use Scopechat's Find Token dashboard, which shows you the tokens with the highest growth potential within the next 24 hours.
In this dashboard, tokens are listed according to their AI Score, an AI-generated points system based on an analysis of an asset's market trends, historical performance, on-chain transactions, and Twitter and news content.
The Find Token dashboard also features custom filters that you can use to narrow down your crypto research and alpha-hunting. To see all of the memecoins in this dashboard, you can go to the Subnarrative filter and choose the Meme option. Now, you can get a view of the most trending memecoins in the market, in just one dashboard.
On-chain Data
As BTC nears ATH, CEXes see $7.7B asset value growth
Bitcoin went up 8% this week to above $72,000 and is teasing a potential new record high amid a bullish crypto market. Unsurprisingly, major exchanges saw their collective net assets appreciate by $7.7B, led by Binance’s $4.5B growth and Bitstamp’s 7.85% rise. Only Kraken saw its assets shrink, with a 3.02% decline.
Upcoming token unlocks for $ZETA, $MEME
This coming week, get ready for the unlocking of $37.68M worth of $ZETA tokens on November 1, followed by a bigger unlock of $41.07M worth of $MEME tokens on November 3.
If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.
Company Announcements
Subscribe to Scopechat Pro
Scopechat Pro is our new membership system for a next-level AI-powered crypto trading experience. With Scopechat Pro, you can enjoy the following benefits for as little as $14/month for the annual plan!
Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).
Be the Next 0xScope Ambassador!
0xScope is looking for talent! Passionate about growing your community and showcasing your investigation skills? Become a 0xScope Ambassador, lead the charge, and get a chance to be featured here! If you think you are a good fit or know somebody who is, please reach out at hr@0xscope.com.
Quick Bites
Bitcoin surges above $71K as wild crypto market pump sees $175M in shorts llquidated - LINK
Bitcoin investors pile $875M into BlackRock fund amid crypto rally - LINK
NYSE seeks to list Grayscale crypto index ETF - LINK
Michael Saylor's MicroStrategy plans to raise $42B to buy more Bitcoin over next 3 years - LINK
GRASS becomes 'most distributed' Solana airdrop as nearly 1.5M addresses claim tokens - LINK
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