An Ape's Prologue Monthly Alpha (November)
Upcoming Narratives and Catalysts of November
The Arbitrum ecosystem is poised to attract a significant wave of capital and user inflow as incentives from the STIP and staking rewards programs kick in, effectively distributing 150M $ARB over the next months. These incentives might benefit $ARB and native projects such as $GMX, $GRAIL, $MAGIC, $WINR, $PENDLE, and $RDNT.
Gaming Season is starting to heat up as major catalysts come into place:
GTA VI Trailer, one of the largest gaming franchises, is expected to be announced on December 1st, with rumors that crypto will be used for their in-game currency.
Additionally, $ILV will also be listed on the Epic Games Store on November 28th, and $YGG Summit, one of the largest gaming conferences, happens from November 18-25.
In this case, a few gaming tokens acting as a proxy might be $ILV, $AXS, $SAND, $GMT, $MAGIC, and $YGG.
Cow Protocol has proposed testing fee models by implementing protocol fees on the DEX for the first time, and it might be reasonable to think that a fee-sharing model with $COW stakers might happen in the future, as the team wants to increase the token utility.
Polygon's founder has hinted at important announcements to be made on both November 9 and 14. Also, $POL, $MATIC's token rebrand, Launchpool program on Bybit ends today
$BLUR: 28% of the circulating supply worth $116M will be unlocked on as part of the Season 2 airdrop. There are also ongoing governance discussions about implementing a 1% protocol fee, which could be a massive revenue boost for the protocol if NFT activity ever resumes.
$APT: 10% of the circulating supply worth $180M will be unlocked on November 12th. This will be the first time insiders receive their tokens since launching a year ago, followed by monthly linear vesting until 2032.
$SUSHI is in the discussion stages of a tokenomics revamp, with incentivized long-term holding through lock-up mechanism, stable APR emissions, and quadratic governance voting.
As LayerZero airdrop rumors heat up, $STG should act as the best proxy for speculating on this event happening
$XRP: Ripple Swell 2023 takes place from November 8-9, and the deadline for the current SEC lawsuit expires on November 9
$RDPX V2 is expected to launch very soon, featuring synthetic assets and improved tokenomics
Celsius will distribute up to $3.6B in crypto to compensate creditors until the end of the year, with most of these assets in $BTC and $ETH
$NEAR's NEARCON23 conference takes place from November 7-10th. It has been rumored that Near might be exploring AI Solutions in the future, and this is particularly interesting since its founder co-authored one of the most important AI papers
$XEC Network Upgrade will happen on November 15th, introducing staking rewards and a miner fund increase from 8% to 32% of block rewards
$QTUM Hardfork happens on November 27th
$AVAX: 2.7% of the circulating supply worth $122M will be unlocked on November 24
Great read sers! Love the concise format.
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