ExtraOrdinal Daily #48 | Bonk Guy Is About to Be Right Again

13th Nov 2024 ||| Issue #48
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Table of Contents

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Todays Top Stories

Bonk Guy Was Right

Few figures have drawn as much attention recently as Unipcs, also known as “Bonk Guy.” This trader made headlines when he turned a $16,000 Bonk trade into an astounding $18 million at its peak. Despite massive drawdowns, Bonk Guy has maintained his position in Bonk, showing unwavering confidence in its potential to rise as a top memecoin. His bold moves and remarkable foresight have led some to speculate that Bonk Guy could become the next main character in crypto, much like Dogecoin, WIF and other influencers before him.

Bonk Guy’s recent involvement with Runes, a relatively under-the-radar asset compared to others in the limelight right now, could spark a new wave of interest in the sector. He has been vocal about his affinity for Runes, describing them as having unique potential within the memecoin space. In an interview with Magic Eden, he said, “Runes embody the culture and novelty that crypto thrives on,” praising their community appeal and speculating that they could attract widespread attention.

Many are now closely watching Bonk Guy’s moves, with a trend on X from his fans posting “Bonk Guy was right,” and so, the buzz around his picks is growing. Which begs the question: what happens when more people discover Bonk Guy’s successful track record and find out about his other picks? We might see something similar to the “Murad effect” that we’ve witnessed recently.

With a reputation for identifying underdog assets, Bonk Guy’s endorsement could lead to a surge of interest in Runes, especially from those who were inspired by his successful Bonk journey.

It’s not quite as catchy, but Bonk Guy is about to be right again.

Daily Alpha | $WZRD x 10K PFP Announcement

The $WZRD team has unveiled the launch of a new 10,000 PFP collection, building on the success of their initial 1337 collection, which was inspired by a 2013 Bitcoin advertisement. This new collection will feature more profile picture-friendly artwork, designed to be an accessible entry point for those new to the Ordinals space.

The collection will be driven by contributions from its holders, with the team inviting community members to submit their own artwork for consideration. Detailed design guidelines will be provided to maintain a consistent aesthetic, and submitting artwork could also give creators a chance to receive a free PFP from the collection.

Additionally, holders of the original 1337 collection will have the opportunity to claim a free Bitcoin Wizard PFP, provided they meet certain criteria.

Daily Alpha | Bitcoin Hits New ATH + COIN50 Launch

Bitcoin has soared to new heights, reaching an all-time high of $93,000, driven by a mix of economic factors and political changes. A recent U.S. inflation report showed October’s Consumer Price Index (CPI) came in exactly as expected, signaling stability in inflation. This news helped fuel Bitcoin’s rally, pushing it past the $90,000 mark and marking a 30% increase over the past week.

The price jump is also linked to expectations that the Federal Reserve may cut interest rates further, making Bitcoin even more attractive to investors looking for alternatives to traditional assets. Adding to the bullish sentiment, Donald Trump’s election victory has sparked optimism due to his pro-crypto stance, including his idea of a national Bitcoin reserve, which could become a reality.

In other news, Coinbase has launched the Coinbase 50 Index (Coin50), which tracks the top 50 cryptocurrencies. The new index aims to give investors a broader view of the market, expanding beyond Bitcoin to include other popular tokens like Ethereum, Solana, and Dogecoin.

Daily Bites

Todays Markets

Ordinals

After recently breaking 0.2, Bitcoin Puppets have pulled back nearly 17%, but still remain firmly established as the market leader.

OMB is the only collection registering a slight increase in floor price since yesterday, though it remains within the same range it has been in for several months now.

Based Angels took a significant hit, down 20%, as many early buyers appear to be taking profits.

Bitmap continues its steady rise and shows no signs of fading into obscurity, as some had predicted not long ago. A key factor in Bitmap’s success will be whether TAP can make progress, which, at this point, is floundering compared to other assets like Runes.

Lasogette enters the top 10, most likely due to a Puppets ecosystem bid, as people look to other more affordable collections in that sphere to front-run before Bitcoin Puppets go on their generational run.

Runes

Hot off the news that Pnut on Solana got listed on Binance and has already risen to a $1.8bn market cap—climbing more than 100x in about a week—Pnut Forever minted this morning on Runes and is already just under a $1m market cap. Can it hold up?

PUPS remain strong, especially with news from Farmer Joe that CEX talks are progressing well. Gizmo continues its quest toward a $100m market cap, with a 16% increase on the day, while BDC saw a small tumble downward. As a side note, for some reason, the more vocal members of these communities have started a small war between themselves.

Cypher Genesis has pulled back sharply after its crazy run-up this past week, but remains steady just under a $7m market cap. Some are comparing it to GOAT on Solana—could it still be severely undervalued?

Kika has made a bit of a comeback, rising 92% on the day, while RSIC continues its downward spiral after a brief burst of buying in recent days.

Todays Opportunities

Minting This Week

Project

Date

Price

Inscripedia

Wednesday

0.00069 BTC

Free Ross | Ord Road

Thursday

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Giveaways

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Nothing in this or any other ExtraOrdinal Daily publication should be construed as financial or investment advice.

We trust this ExtraOrdinal Daily provided you with the information, insight and opportunities needed to have an ExtraOrdinal day! If you have any questions, suggestions, or a desire to contribute, reach out in the ExtraOrdinals Discord!

See you tomorrow!