Week 21 RCC PT - Welcome to the [Thunderdome] Halving

Good Morning and Happy Friday Everyone!

I hope you're having a banger of a Friday! I'm taking my daughter on a camping trip this afternoon and we're pretty psyched about it. The event that I started this crazy tracking project for has finally arrived with the BTC halving, which should take place at around 8:54pm EDT this evening (00:54 UTC on 4/20/24). It has been quite a wild week for price action and the predicted prehalving drop took place over the past few days. Now it's anyone's guess as to what will happen next, seems like most feel like they have a pretty good idea but you never really know.

RCC data almost feels disingenuous to report on because of the volatility but I think it's actually a pretty important data point for future references. And I'm glad my regular Friday updates happen to fall on the day the halving will happen.....almost like I planned it (except I didn't haha). Also, point of note, normally this week would feature my monthly data update as well but I actually have a busy day at the office today so I won't have time to put all that together and will cover that next week.

Alright, with all that out of the way, lets get into it! Here's the data from last week 4.12.24:

https://preview.redd.it/vl7f9fbj0gvc1.png?1432&format=png&auto=webp&s=29a706b84d3990388d58eb5a36d6a8f884a619b3

And here's the data from the pull this morning 4.19.24:

https://preview.redd.it/sjf9taoj0gvc1.png?1432&format=png&auto=webp&s=54694a6e5f3c3cc07a62032a363c2205d01f6a48

First thing I picked up on was, and the irony here is so funny, that the only tokens/coins that moved up from last week were POOP and TACO. So I guess during extreme volatility people will cling to their TACOs and then POOP. I've been laughing since I finished pulling the data about it.

Secondly, obviously if only two were up that means the rest were down but some had bigger drops than others. For market caps, Donut dropped less than CONE and was able to flip them for the time being.

Third thing that caught my eye was that GONE had a pretty big drop on their holder numbers. They've been floundering a fair amount recently which is giving me cause for concern. GONE prides itself on being the memecoin on Polygon so hopefully they can turn things around in the coming weeks.

My last point is moreso not something I'm seeing in the numbers but just moreso excited about the next few weeks. It feels like things are going somewhat according to plan, depending on what your thoughts are. My opinion was that we would see a decent dip after the rip up to 72k+ and once the halving passes then look out! Would love to hear your thoughts on what you think will happen in the weeks to come! Have a great Friday and a great weekend everyone!!