WAGMI Wire - January 16, 2025

In Today's WAGMI Wire:

• Trump's inauguration sparks crypto market optimism

• AI tokens continue dominating with multiple breakouts

• $MVRS makes headlines with $1M Trump donation

• ETH showing concerning weakness vs other majors

• $XRP hits new ATH amid broader market strength

• Emerging narrative: Base chain gaining AI momentum

• Market sentiment shifts from Monday's fear to Wednesday's greed

Community Spotlight: Success in memecoin trading often comes from being part of the right community. We've found Wealth Group to be one of the most supportive OG communities in the space, consistently sharing quality alpha and helping members grow.

🌡️Market Sentiment Overview

The crypto markets are experiencing a significant sentiment shift following Trump's return to office. As noted by @ZssBecker, Trump's pro-crypto stance, including discussions of US crypto reserves and no crypto tax, has injected fresh optimism into the market.

@milesdeutscher points out that portfolios are hitting ATHs even before proper alt season, suggesting this could be "the craziest cycle yet." The quick recovery from Monday's dip demonstrates strong bull market resilience.

🔥Hottest Coins of the Day

• $MVRS - Surged after $1M Trump donation, showing political narratives remain powerful

• $GATSBY - Breaking out toward price discovery according to @CryptoZachLA

• $XRP - New ATH achieved, outperforming ETH significantly

• $FARTCOIN - Reached $1.2B market cap (yes, really 😅)

• $GRIFFAIN - Consolidating at $557M, showing strength in AI narrative

📈Tips for Traders

• Keep powder dry - @milesdeutscher advises against full allocation to maintain flexibility for new opportunities

• Focus on liquidity over market cap - "Market caps are complete fugazi. All that matters is liquidity." - Miles Deutscher

• Watch for AI token dilution - Quality over quantity becoming crucial

Resources for New Traders: For those new to micro-cap trading, @ZssBecker announced an upcoming 60-minute guide to micro-cap research/trading, dropping Saturday.

⚠️Cautionary Tales

ETH weakness is becoming a concern, with @Overdose_AI comparing holding ETH now to holding XRP a few years ago - "and it doesn't feel good."

🔮Speculative Trends

The AI narrative continues to dominate, but @milesdeutscher notes it's still 9x smaller than last cycle's "SOLUNAVAX" market cap, suggesting significant room for growth.

Remember: As @KookCapitalLLC wisely puts it, "it costs $0 to be nice to your fellow degens. We are all just trying to make it... it's pve time" 🤝

Stay WAGMI, fam! 🚀

Disclaimer:

WAGMI Wire provides market analysis and commentary for entertainment and educational purposes only. This is not financial advice. All content reflects speculative discussion of highly volatile digital assets. Never invest more than you can afford to lose. Always conduct your own research and consult qualified financial advisors for investment decisions.