The Biggest Altcoin Season EVER Has Just Started!! (I'm Buying THESE Altcoins)
Summary
TLDRThis video delves into the potential for an explosive altcoin rally following a significant leverage flush event in the crypto market. The host explains how this event has created favorable conditions for altcoin expansion by removing market froth and optimizing market structure. Key narratives like AI and meme coins are highlighted as potential top performers, with specific coin recommendations like Ribbon Finance, Ono Finance, and AI-focused projects like FET, AXS, and RSS3. The video aims to provide valuable insights and alpha for capitalizing on emerging opportunities in the ever-evolving crypto landscape.
Takeaways
- 😮 Last night's events triggered the next explosive altcoin rally, setting up the crypto market perfectly for an altcoin expansion to the upside.
- 💰 The video discusses the author's top altcoin picks for the next few weeks, focusing on narratives like the AI sector and other coins exhibiting strength in the recovery phase.
- 🔥 The leverage flush that occurred was healthy for the market, removing froth and resetting funding levels, creating better market conditions for crypto.
- 📈 Coins that exhibited the strongest rebounds after the dip, like Whiff and Myrio, are likely to be the best performers if the market continues trending higher.
- 🌐 Bitcoin hitting all-time highs has thrust it back into the mainstream media spotlight, attracting retail investors who gravitate towards meme coins and sectors like AI.
- 🤖 The AI sector is expected to be one of the strongest performers this cycle, with the upcoming Nvidia conference on March 18th adding hype and attention to the space.
- 💎 Ono Finance and Ribbon Finance are highlighted as two leading altcoins that could continue to outperform, with Ono being the premier RWA protocol and Ribbon's new Avo token generating excitement.
- 🚀 Meme coins like Whiff, Flocky, and Myrio are performing exceptionally well, benefiting from the increased attention and retail interest in the crypto market.
- ⚖️ The "barbell strategy" of combining conservative assets like Bitcoin with hyper-aggressive assets like meme coins has been the most effective portfolio construction so far this cycle.
- 📝 The author plans to release a dedicated thread and video on AI gems, highlighting more micro-cap plays in the AI sector for potential opportunities.
Q & A
What was the significant event that occurred last night, according to the transcript?
-The transcript mentions that there was a massive Bitcoin leverage flush last night, which was the biggest in over 6 months. Over $1 billion of traders got liquidated, with $864 million being long positions and $260 million being short positions.
Why does the author consider the leverage flush a positive event for the altcoin market?
-The author believes that the leverage flush was a healthy event for the market as it removed the excessive froth and overleverage that had built up. This resets the market to a healthier state, which can pave the way for a potential altcoin rally.
What strategy does the author recommend for identifying strong altcoins during a dip recovery phase?
-The author recommends using tools like VIEWbase and Banter Bubbles to identify altcoins that exhibit the strongest recovery from dips. Coins that bounce back harder typically perform well if the market continues to trend higher.
What is the 'barbell strategy' mentioned in the transcript, and how is it performing currently?
-The barbell strategy involves combining a conservative asset allocation (Bitcoin) with a hyper-aggressive asset allocation (meme coins). According to the transcript, this strategy is currently outperforming traditional portfolio constructions that focus primarily on major cap altcoins.
Why does the author believe that meme coins could continue to outperform this cycle?
-The author believes that as Bitcoin hits new all-time highs and receives increased mainstream media attention, it will attract more retail investors into the crypto market. Historically, when retail investors enter the market, they gravitate towards meme coins, which could drive further outperformance in this sector.
What is the author's opinion on the AI sector within the crypto market?
-The author is extremely bullish on the AI sector within the crypto market, both in the short term and long term. The author mentions that AI coins, alongside meme coins, could be some of the strongest performers over the next few weeks, especially with the upcoming NVIDIA conference on March 18th.
What are some of the specific AI projects or tokens that the author mentions as potential plays?
-The author mentions several AI projects and tokens as potential plays, including FET, OCEAN, CXO, AXS, WLD, and RSS3. The author also highlights that they will cover more micro-cap AI plays in a future thread and video.
Apart from AI and meme coins, what are the other altcoin narratives or projects that the author is bullish on?
-The author mentions Ribbon Finance (RBN) and Ono Finance (ONO) as other altcoin projects they are bullish on. Ribbon Finance is a decentralized exchange, while Ono Finance is a leading real-world asset (RWA) protocol.
What is the author's overall sentiment towards the current state of the altcoin market?
-The author expresses excitement and optimism towards the current state of the altcoin market, stating that things are looking good for crypto compared to just a few months ago. The author believes that the events of the previous night have positive ramifications for the altcoin market, although drawdowns are still possible.
Does the author mention any specific trading strategies or tools for engaging with the altcoin market?
-Yes, the author mentions setting limit orders on strong coins or coins of interest during dip periods, as it can provide attractive risk-reward entry points. The author also recommends using VIEWbase and Banter Bubbles to analyze altcoin price action and identify potential opportunities.
Outlines
🔥 Crypto Market Leverage Flush and Setup for Altcoin Rally
The video discusses a recent leverage flush event in the crypto market, where over $1 billion of traders' positions were liquidated due to a massive Bitcoin price wick. This event is seen as a necessary reset to remove excessive leverage and froth from the market, creating healthier conditions for a potential altcoin rally. The presenter explains how this leverage flush has poured fuel on the altcoin fire, as traders who missed the initial recovery are now more optimistic about alts.
🧠 Identifying Strongest Altcoins Through Dip Recovery Strategy
The presenter shares a strategy for identifying the strongest altcoins by observing how they rebound from dips. Coins that exhibit strength during the recovery phase, such as Whiff, are likely to perform well if the market continues trending higher. Tools like Venn data and Banter Bubbles are recommended for implementing this strategy effectively. The video also mentions a special offer for a BitGert account with a $30,000 sign-up bonus.
🌙 Altcoin Market Phases and the Potential for a Greater Alt Season
The video discusses the current phase of the altcoin market cycle, suggesting that a true phase three and phase four alt season has not been reached yet, as Bitcoin and Ethereum are still leading the charge. However, the presenter believes there is still room for a greater alt season this year, particularly in strong narratives like AI and meme coins. The recent market recovery has filled traders with optimism and bullishness, creating conditions ripe for potential altcoin rallies.
🚀 Top Altcoin Picks: Ribbon Finance, Ono Finance, and AI Sector
The video highlights several promising altcoins and sectors. Ribbon Finance (RBN) is mentioned as a potential play due to its upcoming Avo token launch, which is trading at a premium on futures markets. Ono Finance (ONO) is presented as the premier RWA protocol and a direct way to gain exposure to the asset tokenization narrative. Additionally, the presenter is extremely bullish on the AI sector, mentioning tokens like FET, OCEAN, CU, AX, and WORLD as potential trades leading up to the Nvidia conference on March 18th.
🔮 AI Sector Outlook and Micro-Cap Gems
The presenter doubles down on their bullish stance on the AI sector, citing upcoming events like the Nvidia conference, real-world narratives, and increasing retail interest. Coins like FET, AX, OCEAN, and WORLD are highlighted as potential plays. Additionally, lower-cap projects like RSS3 and Golem (GLM) are mentioned as interesting AI-focused investments, with RSS3 being a modular play for AI indexing and data availability, and Golem having recently delivered a strong trading opportunity.
📣 Closing Remarks and Invitation to Follow for More AI Alpha
In the closing remarks, the presenter expresses excitement about the positioning of the crypto industry compared to a few months ago. They reiterate their bullishness on altcoins, particularly meme coins and the AI sector, and invite viewers to follow them on Twitter and enable post notifications for upcoming content, including an AI-focused thread and video promising to deliver more alpha on micro-cap AI gems.
Mindmap
Keywords
💡Leverage flush
💡Funding rate
💡Altcoin season
💡Meme coins
💡Real-world asset (RWA)
💡Artificial Intelligence (AI)
💡Technical analysis (TA)
💡Decentralized Exchange (DEX)
💡Barbell strategy
💡Alpha
Highlights
The recent Bitcoin leverage flush has reset market conditions, taking froth out of the system and setting the stage for an altcoin rally.
Using the dip recovery as an opportunity to identify the strongest rebounding altcoins can reveal coins likely to perform well going forward.
Bitcoin's surge to new all-time highs is attracting mainstream media attention, which could drive more retail interest in meme coins and other speculative altcoin sectors like AI.
The 'barbell strategy' of holding Bitcoin and aggressive meme coins has been one of the most effective portfolio constructions so far this cycle.
Whiff (WHIFF) has seen explosive gains, leading the charge among meme coins amid renewed retail interest.
Ribbon Finance (RBN) is ripping higher due to anticipation around the launch of its Avo perpetual exchange token.
Ono Finance (ONO) is poised to lead the way in real-world asset tokenization with its new onoG Global Markets platform for tokenizing publicly traded securities.
The AI sector is expected to be one of the strongest performers this cycle, with coins like FET, AXS, OCEAN, and CU exhibiting strength.
The upcoming Nvidia conference on March 18th is driving hype around AI, which could benefit AI-related crypto projects as a liquid trading proxy.
Lower-cap projects like RSS3 (RSSx) and WORLD Mobile Token (WMT) present interesting AI infrastructure plays.
The presenter took profits on the Golem (GLM) trade but still holds a small bag, believing it could continue performing well.
The presenter plans to share more micro-cap AI gems in an upcoming thread and video, so followers should stay tuned.
Overall, the recent market events have positive ramifications for altcoins, and the presenter is excited about the industry's positioning compared to a few months ago.
The presenter recommends using tools like ViewBase and BanterBubbles to implement the dip recovery strength identification strategy.
The presenter has an affiliate deal offering a $30,000 sign-up bonus for new BitGet accounts, providing access to trade many altcoins.
Transcripts
last night's events may have triggered
the next explosive altcoin rally in
today's video I'm going to explain to
you why the crypto market right now is
perfectly set up for an altcoin
expansion to the upside today I'm going
to discuss why this is the case and also
present to you some of my top altcoin
picks over the next few weeks there are
a few specific narratives which I think
are going to perform really well that I
want to discuss today one of them is the
AI sector where're at the end of the
video I'm going to give you my top picks
and the top coins that I'm accumulating
and watching in that sector and also a
variety of other coins that are
exhibiting strength in this recovery
phase and just a reminder that if you
haven't already make sure you click that
subscribe button down below as well as
hitting that post notification Bell for
the latest crypto Alpha I've got some
Banger content lined up for you over the
next few days with my top AI gems and
much much more of course I always do my
best to give you the latest Alpha in
this market whenever I get new
information find new altcoin gems I
always want to share them with you on
the show to make sure you are early in
this market and we can all succeed
together in 2024 so you know where that
subscribe button is let's get on with
the rest of the show so before we get
into the specific alt coins I think
could perform well let's firstly look at
what actually did happen last night what
implications this has on the market and
where I think we are currently sitting
in the current altcoin phases looking at
what happened to bitcoin it was
remarkable price action it was actually
the biggest Bitcoin leverage flush in
over 6 months since August 2023 you can
see over $1 billion of Traders got
liquidated 864 million of them were long
positions and even 260 million shorts
got liquidated because we saw this
massive Wick obviously we had the pump
to the upside a fake out which actually
did technically make a new Bitcoin
alltime high but then a strong reversal
to the downside which essentially
flushed the leverage out of the market a
lot of all coins are actually down 20 30
even 40% in just a few minutes time and
people were getting absolutely wrecked
across the board if they were over
levered so definitely another reminder
not to go too crazy on The Leverage but
the result of this leverage flush means
that as you can see via the funding APR
heat map a lot of the froth was actually
taken out of the market and you can see
that froth was building up it was
getting more and more aggressive funding
was going higher and higher and higher
in some cases above 100% for the major
coins and especially the meme coins
which have been a vehicle for
speculation and gambling from retail
over the last couple of weeks but what
happened was a total reset funding which
was at 100% ended up reversing into the
green territory now it wasn't quite
enough of a pullback to Warrant negative
funding which would suggest rapidly
dropping prices but instead it leveled
out in the safe green territory as
exhibited by the funding heat map here
on V so what does this tell me Well it
tells me that we got to leverage flush
that was extremely needed for the market
it's not healthy when markets rise in
price based purely off the back of ramp
and speculation obviously crypto is a
speculative asset class but when the
system gets too over levered this is a
recipe for disaster because it means
when things go bad things go bad really
quick and they unravel much much faster
than people can get a grasp on and what
happens then is if you have a 20%
correction this can really impact
sentiment and price can spiral downwards
and downwards it actually end up being
the collapse of a bull run this happened
in 2021 over levered markets ended up
resulting in a collapse of the bull run
alongside a variety of factors of course
like macro and then structural black
swans on the crypto Market ended up
exacerbating the issue but the
underlying message I want to get across
here is that this was an extremely
healthy leverage flush for the market
and the market is actually in a much
better place than it was yesterday I
mean the price is actually the same as
it was yesterday despite that pump to
the upside and then that dump to the the
downside so I don't know why anyone
would be panicking in fact it's actually
a great sign for alt coins why because
despite the dip a lot of people that
missed the recovery bounce are now even
more optimistic on alts because of the
strong recovery that they exhibited it
shows that there's a lot of strength in
the altcoin market and a lot of people
are now hungry to actually buy up these
dips so it's poured fuel on the altcoin
fire also we did need a Bitcoin
correction because when Bitcoin is
running ramper to the upside altcoins
typically don't perform that well we do
need a Bitcoin correction SLS slowdown
for alts to have their turn this is
something we're already seeing right now
with ethereum starting to gain momentum
versus BTC I'm going to touch on the
altcoin phases in just a minute but
firstly I want to teach a major lesson
from yesterday and I want to give you
some Alpha in the midst of what to some
people was a devastating crash if they
were over leverage there's actually a
lot of valuable information that this
crash and more namely the recovery
actually gives us as investors to help
us better position ourselves for the
next few weeks and if you're smart
you'll use this information to your
advantage to actually make money over
the coming weeks and months and of
course the strategy I'm referring to
here is using this dip as a way to
identify the coins which bounce the
hardest in their recovery phase because
coins that are exhibiting strength on
the rebound typically these are the
coins that perform the best if the
market continues to Trend higher so if
we are going into a bigger altcoin
season and I do believe we haven't
really seen the true fun for altcoins
just yet this cycle then of course the
market is giving us valuable information
in these dip recoveries to identify what
the strongest altcoins are now I did an
entire 20 minute video on this strategy
so I won't go into too much depth I'll
leave a link in the description below if
you want the full strategy but I'll give
you a quick couple of tips from that
video the first one is I love using v
data for this because you can actually
compare different alts and how they
recover it so you can see here that Ono
is trading at the same level that it was
trading at before the dip you can see
ethereum is actually performing stronger
than a lot of ults cuz it's trading even
higher than it was before the dip
Stargate on the other hand is not
showing such good price action obviously
it had its major dip it's almost back to
pre- dip levels but it isn't even quite
there and whiff is a great example of a
strong coin that I'm referring to here
in the midst of a correction that
rebounded super super strongly actually
rebounding from the bottom of this week
to the current price over 100% so it's
almost doubled and this is just an
example of free money in the market in a
bull run the best strategy that you can
do is buy these aggressive Wicks and
that's why I actually recommend setting
limit orders on strong coins or coins
you like because when we do get these
leverage flush outs that gives you an
opportunity to potentially trigger some
orders at very attractive prices with
for example if you were able to scoop
this up at a dollar that's a free double
your money trade overnight so this this
is a really good strategy in a bull
market we have this uptrend where price
is going up then dipping then going up
then dipping actually capitalizing on
this dip periods is super profitable
because that's where you get your best
risk reward entries and if you're not
sniping the charts all day cuz if you
out the charts then of course you can
enter you can just set limit orders and
if you're trading spot you don't really
need to worry about getting liquidated
if price goes even lower if you do have
leverage orders in make sure your
Leverage is super low because you don't
want to have unmanaged high leverage
positions so just makes no sense and
another tool that I really like which I
also referred to in the video is B to
Bubbles cuz you can toggle across
different time frames the daily is
really useful in this instance to see
okay during the dip which coins are
actually higher now than pre- dip a day
ago we can see Unis swaps one of them
whiff is one of them so meme coins
performing well ribbon's one of them I'm
going to talk about the reason why this
is one of them later fet and AR so some
of the AI dpin plays also performing
strongly AI I'm going to give you some
of my top picks later in the show and
explain exp why I think they're
performing strongly and importantly
ethereum is actually outperforming
Bitcoin and a lot of alts today as we
are seeing that rotation into the next
phase of the cycle potentially what are
some of the other strong coins that are
performing well well meme coins are
undoubtedly the strongest performers
right now retail is absolutely
gravitating towards these meme coins
whiff is actually something that I
called on the show at about a120 it's
over $2 an now so that's a strong
performer but Myro is your catch-up play
followed by a lot of these other AI
coins as well that we're going to
discuss later in the show Luna's also
showing some interesting price action
this is actually an interesting trade
there's kind of this salava narrative
starting to come back into the market
which is funny it's kind of a bit of a
meme but I mean it's pumping and Luna in
a sense is a meme coin at this stage
maybe some of the lunatics won't want to
hear that but that's how it's trading
it's a community it's a religion there's
not that much being built on it so it's
essentially become a meme coin and
another list that I really liked was
paradise's list you can go and follow
him by the way he's a great Trader and
he he has Myro Luna synapse Theta
optimism lone C so Luna classic ethereum
tow with beam and jasmi as his relative
strength place from the lows so these
are the coins he identified that bounce
the strongest but of course you can
implement this in your own trading and I
always recommend that because there will
be times where I'm not making a video
and you're going to need this strategy
for yourself so I highly recommend using
V and banter bubbles to implement this
yourself so before I get on with some of
the alt coin sectors and coins I think
are going to perform stronger over the
next few weeks I want to remind you that
if you do want to sign up to trade any
of these altcoins I have one of the best
deals available for you right now if
you're looking for a new bitg account a
$330,000 sign up bonus if you sign up
and deposit for a brand new bitg account
that you can access via the link in the
description they have pretty much all
the meme coins a lot of the newer alts
that are listed get on bitg before other
exchanges so if you do want to trade
over there that's obviously going to
give you access to these coins and also
access to that massive $30,000 sign up
bonus bonus so where are we currently
sitting in terms of the altcoins the PA
to alt season graph sometimes this is MD
it's kind of been a bit overused in my
opinion in the crypto space but there is
still some validity here to
contextualize what phase we're currently
sitting in now although we've kind of
been oscillating there's been an
accelerated nature of the Market's
propensity to churn through these phases
generally speaking I don't believe we've
hit the true phase three and phase Four
Seasons yet because Bitcoin has started
to run ethereum has started to enter
this interchange phase where ethereum
goes back and forth with Bitcoin and
starts outperforming it this is exactly
what's been happening during this phase
overlap phase of course the market
started to front run and pump a lot of
altcoins namely meme coins but we
haven't really seen this liquidity flow
happened yet into the large caps and the
midcaps so I still do believe in terms
of an ALT season a greater alt season
this year I'm not saying it necessarily
happens right this second but certainly
this year I still think there's still a
lot of room to run in the strongest
narratives we'll talk about some of them
later in the show but AI is a great
example of a strong narrative meme coins
are now presenting themselves as a super
strong narrative but it definitely is a
good sign that ethereum is now starting
to perform well and I want to reh
highlight the point I made before in the
show that the way we've recovered from
this dip actually filled a lot of people
with confidence and the general
overarching sentiment I'm seeing on
Twitter is a sentiment of optimism and
bullishness and actually fomo from
missing the dip buying opportunity shows
to me that despite that flush the market
is actually now more optimistic and more
willing to fomo into the market cuz they
missed that dip and that's a dangerous
combination because now a lot of the
Leverage is out of the market but the
demand for these coins is still there so
now we have a healthier Market structure
compared to yesterday and that's why I
said at the start of the show yesterday
was actually a major event that in my
opinion has triggered even better market
conditions for crypto as a whole so
let's look at some of these strongest
narratives that you can potentially
position yourself in and some of the
coins that you should be watching right
now so clearly Bitcoin is absolutely
pumping what this Bitcoin pump has done
is it's thrusted Bitcoin back into the
mainstream media Spotlight you have
Bloomberg posting multiple articles a
day it's being spoken about on National
Television CNBC also covering Bitcoin
even though not all the coverage is that
glowing towards cryptocurrency which is
funny it's giving exposure to the crypto
Market as a whole Bitcoin even if you
think that this Cycle's different due to
ETF demand flows Etc that's an argument
for another day one thing you can't deny
is that Bitcoin is the greatest
marketing that there is for
cryptocurrency when mainstream media
talks about Bitcoin it alerts people to
the fact that crypto is going up and
when retail are alerted to crypto going
up what do they do well when they step
into the market they don't look at these
crazy fundamental defi alts they they go
straight for the left curve stuff they
go straight for sectors like AI meme
coins gaming these kind of narratives
but mostly the meme coins if I'm being
completely honest with you that's where
they get attracted so this whole
marketing push that Bitcoin hitting
all-time highs has had on the crypto
Market is really marketing the memecoins
more than any other Niche and here's the
thing Bitcoin hasn't really had enough
time above its all-time high it really
just tagged its alltime high technically
made alltime highs to fully assert
itself in the mainstream media as we see
bitcoin price Discovery as I believe we
will get there will be more and more and
more coverage of the Bitcoin price the
higher Bitcoin goes the higher and
longer it stays above its all-time high
the more marketing it's going to get and
the more it's going to attract people in
and that's why I believe meme coins
although they have run a lot they
actually could be here to stay this
cycle and some of you might hate to hear
that cuz maybe you've missed the meme
coin run maybe you haven't had an
opportunity to position yourself maybe
you just don't understand meme coins you
prefer fundamentals that's cool but hat
it or love it we all just have to accept
memes are going to outperform again this
cycle hate it or love it that's the
truth that's the reality of the crypto
Market retail likes memes and crypto is
getting a lot more exposure now with
Bitcoin at alltime highs coinbase as
well finally entered that top 50 again
ranking at number 49 for apps on the App
Store in the US so we are now seeing
retail coming back this is a key
indicator cuz retail downloads UPS like
coinbase when they want to get into
things like meme coins now here's a very
interesting observation about where the
market sits right now the barbell
strategy a strategy that I shared on my
Twitter account almost a year ago is
actually working the best so the ones
that have portfolio constructions mostly
geared towards major caps they're
underperforming right now and maybe
that's you and you're probably feeling
the fomo right because the Bible
strategy is out performing now what is
the Baro strategy the barber strategy is
where you combine a hyper aggressive
asset allocation with a hyper
conservative asset allocation in very
simple terms on the left you have
Bitcoin it's the most conservative
crypto asset and coinbase stock if you
want to count that and the hyper
aggressive Investments are the mem coins
the complete Deen stuff that you might
think's rubbish in the middle of a
typical portfolio Construction you would
have your Majors however right now it's
clear that the ones that are just
holding Bitcoin and memes are performing
the best cuz Bitcoins are performing
most alts only recently have things
started to slightly shift but overall
Bitcoin has outperformed most alts and
then your hyper aggressive memec coin
plays have outperformed the major and
the mid cups so this barbell strategy
has actually been the most effective
strategy so far this cycle and it could
continue to be for the foreseeable
future the only thing I will say on this
is that I do think we are seeing a
little bit of a shift into ethereum well
it's clear that's what the charts are
telling us so this may be changing
slightly but I still do believe going
hyper aggressive in a bull run is the
way to make the most gains absolutely so
the strategy definitely has some Merit
so I wouldn't Chuck your entire strategy
out if you're not following this it's
just an interesting observation that
that this is the best construction
that's performing right now so memec
coins clearly is what's getting retails
attention as they flood back into crypto
wh is really leading the charge in terms
of price performance absolutely exploded
I actually did call this on the show at
a120 it's now over $2 Wicked up to
$220 this is one that I said I was I was
bullish on and I actually said I
preferred it to Doge cuz it's just cuter
and I think retail just gravitates
towards that Meme more than Bitcoin and
the Ser has been pretty spot on even you
know in the 4 days since I uploaded that
video some other meme coins that are
performing well flocky performing very
well in light of their new Burn
mechanism which they recently passed
they've got 25% of the supply staked so
slightly reduced supply pressure and a
supply crunch potentially coming from
that burn mechanism that's obviously
starting to Garner some hype Myro
performing really really well which is
named after the salana co-founders dog
kind of gaining popularity versus Bonk
which is the leading meme coin on salana
and has a lower fdv so that's an
interesting play for me obviously these
are very D gen plays and in this market
you got to be careful because mem coins
have run a lot but those are some of the
ones that I'm seeing gaining some
traction but let's move away from the
meme coins now because I've been
covering them a lot and let's move on to
some of the other narratives I think can
perform maybe the ones that haven't run
so much that I think still have a lot of
potential so I'm going to touch on two
alt coins which are clearly leading and
could continue to lead for the
foreseeable future and then I'm going to
get into AI which as a sector as an
entirety I'm extremely bullish on and I
do believe a lot of the AI coins are
going to absolutely fly this cycle and
if you aren't already positioning
yourself in AI or at least thinking
about it I would definitely start waking
up to doing that because I believe AI
will be an extremely extremely strong
sector uh it's one of the sectors that
most bullish on longterm in crypto
actually but even in the shorter term
with all this hype and video conference
Etc which we'll get into I think it can
perform Super strongly the first allcoin
I want to touch on before we get into AI
is ribbon Finance ribbon Finance is
absolutely ripping if you go into banter
bubbles you can see it's actually the
leading token today out of the major
caps why is it flying well it's flying
because they're launching a new token
you can see here March 13 is being
teased as the date with the token posted
here for an application called Avo Avo
is a Perpetual exchange it's one of the
best per dexas that I've actually seen
in crypto that allows you to trade a
variety of assets but also pre-launch
tokens where you can trade tokens before
they've even launched trading volume in
AO is super high at the moment and price
actually has been more stable if you
compare the liquidity on AO compared to
a lot of centralized exchanges so it's a
great product it's obviously got big
backers like Paradigm dragonfly coinbase
some of the reasons why it's performing
so well and this new token is garnering
some hype because it's trading on Wales
market so this is a Futures Market at
over $3 per token now now if you look at
the ribbon token it's a$1 12 so if there
is a Redemption from ribbon into Avo
then technically there's almost a 3X on
the table if you look at Wales market
now this does come with some risk
because Wales Market can sometimes have
fake fills there is some speculation
because of the time involved during the
Redemption period so there is some risks
but the reason why the token's repricing
higher is simply because people are
really bullish on Evo um and I'm bullish
on AO as a product so the token is
obviously trading at a higher value I
also want to make it clear that I am an
investor in AO as well so this is one
that's performing really strongly and
there could be a trade here like
obviously it's absolutely ripped but I
still do think there could be a little
bit more room for this to run so that's
why I'm I've still got my eye on ribbon
but obviously AO is the one that I'm
really looking forward to you can
already use the product now but the
token itself will be interesting as well
another leader in the market that I
think can be one of the best performers
not just over the next month but
continued to be a strong performer this
year is Ono Finance it's really the
Premier rwa protocol and if you want
exposure to rwa right now unless you go
really indirect by like investing in
oracles or layer one blockchains I mean
the most direct way to get exposure is
is really an application like Ono now
they just announced a new update which
is absolutely massive which is solving
the rwa liquidity problem which is
called onog Global markets which is a
platform to bring all publicly traded
Securities on chain with Native access
to traditional Securities Exchange
liquidity this is absolutely crazy I
mean we haven't really seen this sort of
Securities tokenization occur in crypto
to this date it may not take off but if
it does take off it's going to be
absolutely massive so Ono Finance who
are backed by panta coinbase Etc
Founders fund they're really Leading The
Way Paving the way for iwa protocols you
can already start earning yield on US
dollars US treasuries US money markets
right now it's an absolutely amazing
product and I think because they built
something so solid even at a $5 billion
fdv cuz considering they've got a
relatively low float at a 700 mil market
cap I think this one still has room to
run especially when rwa sees that
narrative kick off again because it's
kind of been stagnant since January but
the whole Larry think asset tokenization
narrative it's bound to rear its head
again it's a it's a very exciting and
popular vertical in the market so now
let's move on to AI the last exciting
and popular vertical in the market that
I want to discuss today um but last but
not least cuz I think AI is going to be
one of the strongest performers this
cycle and over the next 2 weeks I also
expect AI tokens alongside the meme
coins to be some of the strongest
performers why you've got the Nvidia
conference on the 18th of March let's
not even talk longterm because I'm doing
a long-term thread tomorrow make sure
you follow me on Twitter Link in the
description for that I'm going to do a
video breaking down these alt coins in
more depth in a couple days so let's not
even talk long-term in today's video
let's just talk about the short-term
trade cuz you guys know my opinion on AI
long-term the conference is on March
18th there's a lot of hype into the
conference the beauty about AI is it has
a lot of these
World narratives whether it be
conferences investment in the real world
new launches like Sora new products
always coming out this gh's attention
and hype for AI in the real world and we
see this same hype flow in the crypto
Market which is a highly liquid market
and a highly liquid representation of AI
compared to more E-liquid asset classes
like stocks AI crypto even though a lot
of them aren't even really AI cryptos
are just way more accessible than the
stock market so it's very easy for
people to liquidly trade these
narratives and height and for that
reason if you're going to trade the
Nvidia hype into the
conference the AI coins make for a
decent proxy and that's why I think they
can actually perform well and continue
the charge to the upside I mean that
combined with the fact that everyone's
talking about AI right now it's funny
because I've been talking about AI for
like over a year on crypto banter I've
done so many threads on it in the past
but recently a lot of big creators like
Alex Becka starting to cover it
everyone's jumping on the AI
bandwagon it's definitely got some
retail mind share going for it that
share I don't even think has really even
hit its major inflection point yet but
let's just look at the chart and see
what the TA is telling us fet breaking
into new highs ocean lagging behind I do
like these laggards usually I like to
Long leaders so that's why I think Fett
and ax are decent plays but ocean is
interesting to me CU it did have this
deep Wick but actually did bounce quite
nicely so it's one of those coins where
you can say Well it actually did exhibit
some decent strength on the bounce
you've got ax as well slightly weaker in
the shorter term but is one of the major
leaders so this is also one that is an
interesting trade you've got wld World
coin as well which is a major support
that's interesting to as well just goes
from strength to strength being one of
the biggest decentralized AI
infrastructure plays in the market now
there are a couple lower caps which I
want to mention obviously these do come
with more risk it's not that low cap I
think it's almost 2 or 300 million fdv
but rss3 is another one that I'm looking
at that has some decent price structure
they're backed by notable investors such
as coinbase bellagi dragonfly GG ggv
capital and they've got their main net
launch coming very very soon the way I
think about rss3 they're basically doing
what the graph does in terms of indexing
but for the AI world and they also
Implement Celestia data availability so
they're a modular play basically
represented via an L2 with Native gas
using optimistic rollups so it's an
interesting play from a tech perspective
but just from a chart and a hype trade
perspective I think this one can perform
quite nicely I also mentioned Golem in
my last video congrats to everyone that
got into that trade that ended up being
an absolute Banger let's actually look
at what Golem's sitting at right now I
did take some profits I think yesterday
on that trade that is currently sitting
at 68 C so you basically up double your
money on that trade it's absolutely
amazing I still do like this I'm still
holding a small bag of this and I still
think this can perform well but I do
prefer some of the others and I'm going
to leave some of the more micro cap
plays for tomorrow's thread and video so
if you do want to check that out make
sure you're following me on Twitter and
make sure obviously you have post
notifications turned on for this channel
so you are up to date with the latest
Alpha because I will cover that so those
are some of the plays I'm looking at
right now the AI sector super hot you've
got Ono you've got ribbon one of them's
a DEX the other one's a very strong rwa
play and then of course the meme coins
these are the strongest narratives that
bounc the best and I think could also
outperform over the next couple of weeks
but in general what happened yesterday I
think is going to have positive
ramifications for the altcoin market
this doesn't mean altcoins are
invincible there definitely can be draw
downs but things are definitely looking
good for crypto and it would be remiss
of me not to share my excitement with
you just generally how the industry is
position now compared to even just a
couple of months ago so I'm going to see
you in the next video I'm continuing
with daily uploads to give you the
latest Alpha in the crypto Market stay
tuned for that AI thread tomorrow it's
going to be an absolute Banger peace out
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