Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. X Money Launch Rumors: Leaked code hints at X Money’s upcoming launch, possibly limited to 39 states where X has money transmitter licenses. Speculation surrounds cryptocurrency integration, including Dogecoin, aligning with Elon Musk’s crypto interest.

2. 📈Technical Analysis Masterclass - BONK may be gearing up for a strong upward move. Watch UseTheBitcoin’s latest Youtube video “Is BONK Ready for a Bull Run?” to see if technical indicators show promising signs or join our Official Telegram Channel for more alpha!

3. Kekius Maximus Token Frenzy: Elon Musk’s name change to “Kekius Maximus” spiked memecoin KEKIUS, turning $66 into $3M for a trader. The token peaked at $380M before dropping after Musk reverted his profile name.

4. 💡Feature of the Day - Solayer Foundation and LAYER Token: Solayer launched on Solana to enable restaking, with the LAYER governance token supporting development. Backed by Polychain and Binance Labs, the protocol has raised $12M to expand its ecosystem.

   
   All this and more in today’s headlines!

📰 News Highlights:

X Money Rumors [Source][Source][Source]

Rumors of an imminent “X Money” launch emerged after a leaked code suggested its payments system might be ready.

The buzz comes shortly after X CEO Linda Yaccarino confirmed X Money would roll out in 2025.

A screenshot of the code reads, “X Money is not available in your state,” sparking speculation that the system could debut in only the 39 states where X has obtained money transmitter licenses.

Entrepreneur Alex Finn suggested the platform might leverage cryptocurrency for faster transactions.

📈Technical Analysis Masterclass:

Is BONK Ready for a Bull Run?

Bullish Indicators

• 100-Day Moving Average (MA): BONK is trading above this critical level, signaling strong support and bullish momentum. Historically, holding above this MA indicates market confidence.

• 20-Day MA Breakout: A breakout above this short-term trend indicator can confirm increased buying interest, making it a good entry point for traders to "test the waters."

Strategy for Traders

1. Initial Entry: Consider entering a small position if BONK breaks above the 20-day MA, confirming upward momentum.

2. Add to Position: Watch for retracements to previous resistance levels that turn into support zones. These retracements provide confidence to scale up positions.

3. Profit Targets: Use fair value gaps (FVGs) on the chart as take-profit zones. FVGs, areas of price inefficiency, often attract trading activity and present reliable exit points.

Risk Management

• Stop-Loss: Place a stop-loss just below the 100-day MA to minimize potential losses while giving the trade room to develop.

• Market Vigilance: Continuously monitor key levels and market conditions for shifts that could affect BONK's trend.

Kekius Maximus Frenzy [Source][Source][Source][Source]

Elon Musk’s brief name change to “Kekius Maximus” on X sparked a memecoin frenzy, turning $66 of Ether into $3 million for one lucky trader.

The trader bought 10.17 million Kekius Maximus (KEKIUS) tokens in mid-December and sold a portion for substantial gains on Jan. 1.

The token, inspired by the Pepe-Gladiator meme, saw its market cap peak at $380 million before dropping to $100 million after Musk reverted his profile name.

Despite the decline, over 23,600 investors still hold KEKIUS tokens.

The buzz was amplified by Musk sharing AI-generated memes featuring Pepe in a Roman gladiator setting.

🎁Freebie:

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💡 Feature of the Day: 

Solayer's Token and Foundation [Source]

The Solayer Foundation has been launched to support Solana’s restaking protocol, Solayer, along with the introduction of the LAYER governance token.

Restaking allows users to lock their staked assets in multiple protocols to maximize rewards.

Eligible users will be notified via the Solayer dashboard to claim their tokens.

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😂 Crypto Meme of the Day: 

Meme of the day provided by @TheBTCTherapist

And that’s it for this today.

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See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com