Yeah, I profiled SUI here about a month ago.  I was a bit cautious in my stance and I never bought in, but that was a mistake, as it's been absolutely on fire.

   

A lot of the traders over in the CryptoMarketMentor group initiated positions in the $1 range, and I almost added on the break of the wedge on November 9th but didn't do so largely out of concern for how many capital gains I'd have to pay for reallocating the money from my BTC and SOL bags that are hugely profitable.  Because I feel BTC and SOL still have a way to go, I sat yon my hands but SUI has been kickin' ass for sure.

Hard to buy it here though, but if you own it already, hold on for as long as that 8 day EMA remains support.  If SUI pulls back to back test ~$2.50, that would likely be a great place to add, but with the market so strong generally, you might start adding on a retracement to ~$3.

Grimsweeper said:

Well hello again, been a minute.  Geo thanks for hosting this thread [...] considering options for real estate as I may be able to finally realize some gains.

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Nice to see you Grimsweeper, and congratulations!

geokills said:

Budman might be proud to hear that I took a position in a meme token last night .

   


This SUPER ANON meme token launched last night on Coinbase's EVM Base chain.  Created via AI, in conjunction with a Farcaster (decentralized social media network) app called SuperCast. Apparently the founder was asleep during launch and received zero tokens, but the Farcaster community has collectively sent him hundreds of thousands of dollars worth of the token this morning in gratitude, and in efforts to strengthen the community network effects surrounding this meme token.

Interesting dynamics at play.  The number of token holders has increased by an order of magnitude overnight (from ~200 to ~2K+), and more than doubled again this morning (to just under 5K holders).  With a market cap of ~$3M, there is room to grow, but liquidity is thin, and you can't move big money in or out of this issue presently. I've been buying $250 lots just for fun throughout the evening and this morning. Up over 100%. Not serious investing, but entertainment on an inside day. 😎

Contract address: 0x0Db510e79909666d6dEc7f5e49370838c16D950f

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After a wild ride, I ended up liquidating my position here for a better than 3X.

   

Still looks pretty strong to be honest, but with such low liquidity, it's best to just sell the rips when you can.  On account of the low liquidity, I can't really put enough capital into this thing to move the needle of my aggregate portfolio anyway, so as I've stated before, this is really more of an amusement trade, and not to be considered a core idea for long term allocation.


Mystikal, on DOGE I'm not really sure.  I don't actively watch that coin and haven't been privy to any chatter surrounding a coordinated buying effort.

Mystikal said:

Heard there was a big push to buy Dogecoin today. Reddit was wild about it. Any chance that had any impact?
I'm holding mine forever and may or may not ever buy more.

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Mickalopagus said:

Think today was the opening of options trading on crypto ETFS?

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IBIT is the only one so far, with options trading starting today.  A few hundred million so far in options volume, which is a lot for day one.  Here's a rank of the contracts by volume, almost all calls. Indicates a bullish bias, with a lot of the Dec20th $100 calls moving, which is effectively betting that the price of BTC will double in the next month.

   

I'm bidding on a few bull put spreads, but BTC will need to come down a bit for me to catch my $1 ask on the Dec $50/$49's.  I like to use options to trade around a core position (selling calls on rips and then turning around and selling puts to rebuild the position if it gets called away, and/or just collect the premiums as a dividend), but I already have so much direct crypto exposure that there isn't much for me to do with the options right now.

Nevertheless, it is nice to have options!