RECAP: WHAT HAPPENED LAST WEEK

SOLANA Price Prediction: Moonshot

NUGGETS OF ALPHA

• Oracles (Pyth & Chainlink) are powering DeFi on the Solana network

• Solana’s throughput is expected to increase by a factor of 10 with the Firedancer

• Solana has ~19M fee-paying users, significantly more than any other blockchain

• The third quarter U.S. corporate earnings that have been reported are lackluster

• Cost cutting worked for Meta, which reported net income +164% to $11.6B

• Americans saved less while their inflation-adjusted incomes fell over the summer

---

Crypto Market Weekly Update:

• The global crypto market cap is $1.26 trillion, with a 24-hour volume of $30.1 billion, down from $80 billion a few days ago

• The price of Bitcoin is $34,146.83, and BTC market dominance is 53.0%

• The price of Ethereum is $1,787.00, and ETH market dominance is 17.1%

• The best-performing sector is Yield Farming, which gained 8%

• The Crypto Fear & Greed Index is currently Greed 65

---

We always start our weekly review with how assets are performing priced in terms of Bitcoin:

• ETH is still lagging 

• SOL and ADA both beat BTC

• LINK, INJ, RUNE, OPT are dark green this week

• BNB and XRP had a very bad week

The IA philosophy is less is more, so we tend to focus on the top-performing assets.

---

Cryptos' performance in terms of the USD:

• BTC +15.45%

• ETH +12% - coming back to alive

• SOL +18% - this is after adding 33% last week - this one is on fire!

• LINK +40% - experienced a monster week

We are observing a divergence between crypto and equity markets. The crypto bull market is happening way earlier than expected, which is