All the Projects are so Wonderful 🤩

GM Readers,

wait is today Monday? Normally we only publish the Cactus Newsletter on Sundays, but since so much happened last week (Trump/Harris debate + market turns green) we had to catch up and decided to do a small follow up issue today. Hooray 🥳

In this little special edition we would like to introduce you to some wonderful memecoins that we are currently bullish on and bet our marketing wallet on lol (no financial advice and stuff). We plan to do this more often - just small chill editions from time to time in which we give some projects a stage. If you like the concept, feel free to write us a reply to this mail or DM us on X and we'll deliver.

We'll also do a little market analysis on Bitcoin and Solana to see what the short-term developments might look like.

LFG 🚀

P.S.: Here you can read our last issue in which we wrote why a Trump victory is important for crypto

We think these Memecoins are amazing:

Cactus❤️Projects
The Memecoin landscape is - let's face it - pretty brutal at times. People get flushed out of the market or scammed. All the sadder for the projects that are really cooking and want to build something. Here we would like to present some projects that we think have a strong community and a strong team behind them. Don't be sad if your favorite project is not included... As already written we plan to do these shoutouts more often so stay tuned.

$MUMU:

Do we even need to say much about this project? Anyone who spends even 3 minutes on Crypto X has probably seen a meme of the bull, because they are everywhere. It has literally become the symbol of the 2024 bull run! And it's just fun to look at all the funny memes that the hard-working intern keeps churning out. Genre-wise, this project has a pretty good strategy. They are often in Spaces and make their presence felt. They have a strong community that sticks around even in bad times. The project has received a lot of attention since the beginning of August when a $WIF whale exchanged more than $2 million in Mumu. This caused the price to explode and shot it up to 100x in less than two days. Since then, the price has performed solidly.

$FWOG:

Not Frog but Fwog. Frogs have always been part of meme legends. Both inside and outside of crypto. Thanks to cartoonist Matt Furie who invented Pepe the Frog. $PEPE is also a memecoin all of its own that was a 1000x earlier this year. And now there is Fwog, a 100x with great potential to become a 1000x. They are reinterpreting the style behind meme frogs. With beautiful illustrations, the project inspires its community on social media every day, especially on X. They are constant and yet bold. They post nothing but their own frog style, which shows that they are convinced of their own strategy. And it works. The community behind the project is extremely strong. If you post an illustration of the project, there is an army ready to upvote and support the post. The art alone makes the project bullish and there's nothing to add to that 🐸

$AURA:

We LOVE strong and bold branding. This project has completely nailed it. Not only have they grabbed the meme of the summer and turned it into a coin, but they've also developed an extremely powerful branding strategy that they’ve spread along with the coin. We've already written about the meme in a previous issue, so we won’t repeat ourselves here. In summary: Aura is a meme that’s been making the rounds, especially on TikTok, where people’s actions are judged as having either Plus or Minus Aura. The more Aura you have, the stronger your personality. It’s funny and already has an audience – good prerequisites for a project. $AURA has a strong community behind it. On their website, people can easily and freely create their own Aura memes in the matching branding style and post them, thus driving even more traffic to the project. A unified strategy with recognizable elements (retro designs that evoke nostalgia with a modern twist) is visually appealing and gets people hyped about the project. The folks behind this really understand marketing. +777 Aura to everyone reading this who already owns $AURA tokens.

$INSDR:

Another very interesting project has only recently been launched and is called the Insiders. In this project there is not one main character but several who appear as a group in the memes (see picture). This project uses a very special marketing method, because their main marketing channel is currently a podcast in which they invite great people from the memecoin and NFT scene. Why is this interesting? Big people bring big reach and attention and that means cash for the community. Although there is still room for improvement in terms of reach, the community is strong and shows support. The chart also looks fresh as fuck - 100x within a few days with great potential for 1000x. Furthermore, they will probably release their own merch in a few days, which will be launched together with a revised website. This is a project that we should definitely keep an eye on with a few $SOLs.

$SIGMA

As with Aura, this meme probably doesn't need much explanation. Sigma is a trend that has been around on social media for some time. Sigma is a classification for men who are successful and popular, but also silent and rebellious. Sigma males are considered 'equal' to Alphas on the hierarchy but live outside of the hierarchy by choice. And the community behind the coin is 🔥
Like Aura, this project has a strict branding strategy on social media that has a strong impact. On their X account, they constantly post cool sigma edits with viral potential on a daily basis. These posts are extremely well received and the project continues to grow. Even big memecoin influencers mention the project from time to time. To summarize: A constant project for the end (good rounding off for every portfolio)

Interest Rate Cut in the US: What does Bitcoin look like?

Bitcoin has experienced a notable dip, decreasing by nearly 3% since yesterday, with prices touching down at $58k. This movement aligns with the anticipated correction many in the community were expecting.

Key Points to Watch:

- Support Levels: The critical aspect to monitor now is whether today's low at $58k holds. If this level serves as a strong support, it could indicate a potential rebound. However, if this support breaks, we might be looking at further declines.

- Market Sentiment: The sentiment on X reflects a mix of caution and opportunity. While some see this as the buying dip they've been waiting for, others might be bracing for more volatility.

- Order Book & Heatmaps: These tools suggest there's considerable interest at these lower levels, which could mean we're near a local bottom, or at least, there's enough buying interest to potentially stabilize the price.

- Futures Data: The futures market often gives us a hint of where the spot market might head. If the funding rates are negative, it might suggest that the market expects a recovery, or at least, there's less incentive for short positions.

- For Traders: Keep a close eye on the volume accompanying this price drop. High volume could confirm the strength of the $58k support level. Also, watch for any divergence in the RSI or MACD on lower time frames for signs of a trend reversal.

- For Long-term Holders: If your strategy involves accumulating Bitcoin, this dip could be viewed as a discount. However, ensure your investment thesis remains intact with Bitcoin's fundamentals.

Conclusion:
Today's dip to $58k might be a pivotal moment for Bitcoin. Whether this becomes a springboard for recovery or a precursor to further drops depends largely on how the market reacts at this level. Keep your analysis tools handy, stay updated with real-time data from platforms like X, and as always, navigate the crypto space with both caution and optimism.

Interns are prepared for the Solana Breakpoint 2024 in Singapore: