Top 6 Monthly Watchlist (April)

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5 Apr 2024
29

Top 6 Monthly Watchlist (April)

$JTO
- Among the New $SOL Eco projects (PYTH/JUP/JTO), Jito is the most undervalued.
- Such as Wormhole, Parcl, Zeus Network, Kamino Finance, Ionet, Tensor, and Drift protocol, are gearing up for their token launches in April.
- Jito = Lido + Flashbots. #JITOSOL is one of the best LST on solana.

$ENA
- The high revenue of Ethena Labs, derived from $sUSDe, may be considered the "Anchor x Luna" of this cycle.
- Actively promoted by Arthur Hayes - It's important to consider that KOLs are growing in importance by the day.
- Ethena will add $BTC as collateral, which is expected to accelerate the increase in TVL and be reflected in $ENA price.

$BICO
- Biconomy's solution adopted by global corporations such as JPMorgan and Mercedes Benz.
- In a recent strategic funding round, Jump Capital/Manifold Trading participated as investors. (Market Making's possibility)
- Although relatively under the radar, Biconomy has a high relevance to Tokenization (RWA).

$PENDLE
- Pendle is best proxy for Eigenlayer. (Eigen-beta)
- Pendle Finance's YT product is generating returns multiple times the principal. (ETHFI/ENA Airdrop)
- It causes market FOMO, leading Pendle Finance's TVL and Volume to reach a new ATH daily
- Restaking projects are gearing up for their token launches (Zircuit, Renzo, Puffer, Kelp, Swell, BedRock, etc).

$SUI
- Sui's first global conference, "Sui Basecamp," is scheduled for April 10th to 11th.
- The speaker lineup includes global corporations such as a16z, Visa, VanEck, and Red Bull.
- Similar to Aptos, there are rumors that Sui might announce significant catalysts during the conference.

$LUNA
- The outcome of the Do Kwon case is likely to be revealed in April.
- If that outcome is positive or @stablekwon
X(Twitter) resumes, $LUNA will experience upward momentum.

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