5 Cryptos I'm SELLING in 2024

VirtualBacon
24 Dec 202327:56

Summary

TLDR在这个视频中,资深加密货币投资者Dennis分享了他当前认为需要出售的五种加密货币。他详细分析了这些加密项目的现状,包括它们的估值、技术应用、以及面临的挑战。Dennis强调,虽然这些项目本身并非坏项目,但基于当前的市场状况和它们在各自领域内的竞争对手,他认为这些加密货币当前的估值过高。他还提供了其他潜在的投资选择,这些选择在同一领域内可能具有更高的增长潜力。整个视频旨在为观众提供市场趋势的见解和投资策略,帮助他们在加密货币市场上做出更明智的决策。

Q & A

  • 为什么现在要卖掉币安的BNB币?

    -币安和其创始人CZ因洗钱和逃避监管指控而与美国司法部达成和解,导致CZ辞去CEO职位并面临可能的监禁。此外,币安需支付43亿美元罚款给美国司法部,并接受长达3至5年的监管,丧失了美国市场的大部分份额。

  • 为什么认为Cosmos的ATOM代币是一个不好的长期投资?

    -尽管Cosmos的IBC技术被广泛采用,但ATOM代币本身的价值并没有因为IBC的成功而增加,且Cosmos缺乏领导力和较差的代币经济模型。

  • 为什么一些Solana上的空投代币被视为过度炒作?

    -一些如Pith Network、GTO和Jupiter等在Solana上进行空投的项目虽然合法,但它们的代币估值极高,远远超过了它们在各自领域内的实际应用和价值,这些估值主要是由于近期Solana的热潮所推动。

  • Celestia的TIA代币为什么现在看起来被高估了?

    -Celestia的TIA代币价格增长超过了技术采用的速度,并且在接下来的一段时间内将有大量代币解锁,可能会导致价格下跌。

  • 为什么应该卖掉一些流行的BRC2代币?

    -BRC2和Ordinal的热潮主要是由于中国市场的投机行为,许多BRC2代币如SATs和RATs等没有实际用途,仅仅是基于炒作。

  • 为什么OKX的OKB代币被视为一个有潜力的投资?

    -OKX正在争取成为加密货币交易所的领导者,并成功推出了一些重大项目,这表明其OKB代币可能具有良好的增长潜力。

  • Neutron链为什么可能会超越Cosmos的ATOM代币?

    -Neutron是一个支持智能合约的消费者中心链,它使用了Cosmos的IBC技术,并且由于其设计,Neutron的代币可能会比ATOM带来更多的价值增长。

  • 为什么Pith Network、GTO和Jupiter的代币估值过高?

    -这些代币的估值与其在各自领域内的实际应用和市场份额相比过高,例如Pith与Chainlink、GTO与Lido等项目的比较显示出明显的估值差异。

  • 为什么说BRC2和Ordinal技术本身是有前景的?

    -尽管当前大多数BRC2代币被过度炒作,BRC2和Ordinal技术为比特币生态系统引入了智能合约和去中心化应用的可能性,预示着未来的增长潜力。

  • 为什么Celestia的长期前景看好,但短期内代币可能被高估?

    -Celestia引入了模块化区块链设计的创新,具有长期技术潜力,但目前代币价格的快速上涨和即将到来的代币解锁可能导致短期价格压力。

Outlines

00:00

📉 卖出的五种加密货币

视频介绍了虽然市场短期内处于欣快阶段,但仍有许多被高估的加密项目,特别是那些已经成熟但当前基于其实际采用情况被高估的项目,或者在同一领域中存在潜力更大的不那么知名的替代选项。主讲人丹尼斯分享了他作为一名五年经验的加密和区块链投资者的见解,着重讨论了为何Binance的BNB币现在是卖出的时机,主要因为其与美国司法部的和解、高额罚款和未来可能面临的监管挑战,以及市场份额流失给竞争对手。丹尼斯还提到了其他值得关注的交易所币种,如OKX的OKB和Crypto.com的Cronos币,他认为这些可能是更好的投资选择。

05:00

🌐 Cosmos与Neutron的比较

讨论了为什么尽管Cosmos技术本身并不差,但ATOM代币作为长期投资并不理想。Cosmos的IBC技术虽然促进了区块链间的互操作性,但并没有直接为ATOM代币增加价值。介绍了Cosmos尝试改善ATOM代币经济模型的努力,包括ATOM 2.0升级和交换安全计划,但迄今为止这些尝试未能显著提升ATOM的吸引力。相反,Neutron项目作为Cosmos生态中的一个新链,提供了智能合约支持和更多的去中心化金融(DeFi)功能,有望超越Cosmos成为更好的投资选择。

10:01

🔥 Solana生态中被高估的空投项目

分析了在Solana生态系统中,由于最近的复苏和一系列空投活动,一些项目的代币被严重高估。特别指出Pith Network、Gito和Jupiter这三个项目,它们虽然是合法的项目,但目前的市场估值远远高于其实际价值。通过与行业内其他类似项目的比较,展示了这些Solana项目代币价格被高估的程度,并警告说,这种过度炒作最终会导致价格调整。建议如果有机会获得这些空投代币,应该在它们上市后立即出售,而不是长期持有。

15:02

🚀 Celestia的崛起与风险

讨论了Celestia项目的技术创新,如其模块化区块链设计和移动轻节点功能,这些都是项目吸引人的方面。然而,尽管Celestia的技术前景令人兴奋,但其Tia代币的当前估值已经反映了短期内的极大炒作,而长期代币经济学的一些潜在问题,如大量的代币即将解锁,可能会对价格造成压力。建议现在可能是从Celestia获利的好时机,并建议投资者在代币价格可能下降后再次入场。

20:04

🔒 BRC-20与Ordinals的机遇与挑战

分析了BRC-20和Ordinals在Bitcoin区块链上创造代币的新兴趋势,这些代币主要由中国市场推动,很多没有实际用途,只是纯粹的概念或者迷因代币。尽管这些代币目前很受欢迎,但它们的基本面和实际应用非常有限,可能会很快面临价值下跌的风险。相反,作者认为BRC-20和Ordinals生态系统内正在开发的基础设施和DeFi协议将是更有价值的投资目标,因为它们为Bitcoin带来了真正的去中心化金融功能和创新。

Mindmap

Keywords

💡币安

币安是一家全球性的加密货币交易平台,因涉嫌洗钱和规避监管而被视频中提及。视频指出,币安及其创始人认罪并需支付43亿美元罚款,这对其业务造成重大影响,尤其是在美国市场的业务。币安的案例在视频中被用作加密市场中一些项目可能面临的法律和监管风险的例证。

💡加密货币

加密货币是一种基于区块链技术的数字或虚拟货币,它利用加密技术确保交易安全并控制新单位的创建。视频讨论了多种加密货币,包括它们当前的市场表现、潜在的价值和风险,以及作者建议卖出的理由,如过高的估值和更有潜力的替代品。

💡过高估值

过高估值是指一个资产的市场价格远高于其基本价值。在视频中,作者指出了几种他认为当前估值过高的加密货币,包括币安的BNB币、Cosmos的ATOM币等,并提供了其认为这些资产过高估值的理由,如市场份额、技术应用等方面的分析。

💡Cosmos

Cosmos是一个旨在解决区块链间互操作性问题的网络,通过IBC协议(Inter-Blockchain Communication)实现。视频中提到,尽管Cosmos技术受到认可,ATOM代币本身可能不是最佳的长期投资选择,因为其代币经济模型并不直接受益于IBC协议的采用。

💡Solana

Solana是一个高性能区块链,支持智能合约和去中心化应用(DApp)。视频提到Solana近期的一些空投代币,如Pith Network、Gito和Jupiter,因为它们在Solana复苏期间的过高估值而被认为是卖出的对象。

💡空投

空投是一种营销策略,加密项目通过免费分发代币给现有的钱包持有者来提高项目的知名度和分散代币的持有者基础。视频中指出了几个在Solana上进行的空投项目,这些项目的代币因市场炒作而被认为估值过高。

💡Celestia

Celestia是一个采用模块化区块链设计的项目,将数据层和共识层与执行层(智能合约层)分离。视频中提到,尽管Celestia的技术具有长期潜力,但其代币TIA在短期内因空投和过高的市场炒作而被视为估值过高。

💡BRC-20

BRC-20是一种在比特币网络上实现的代币标准,类似于以太坊的ERC-20标准。视频中讨论了通过BRC-20标准创建的一些代币,如SATs和RATs,这些代币因为缺乏实际应用和功能而被认为是过度炒作的。

💡估值

估值是指对一个项目、资产或公司的当前价值的评估。视频中反复提到了多个加密项目的估值,特别是那些被认为过高估值的项目,作者通过比较市场份额、技术应用和潜在成长性来分析这些估值。

💡替代选择

在视频中,'替代选择'指的是相对于当前估值过高或技术潜力有限的加密项目,具有更高增长潜力和/或更佳价值投资前景的其他项目。例如,作者提出了替代币安BNB币的其他交易所代币,以及替代Cosmos ATOM代币的Neutron等。

Highlights

Dennis, a crypto investor with 5 years experience, shares his views on overvalued cryptos.

Binance's BNB coin is overvalued due to legal issues and market exit strategies.

Cosmos's ATOM token is not a great long-term investment compared to alternatives within its ecosystem.

Overhyped airdrop tokens on Solana, like Pith Network, GTO, and Jupiter, are significantly overvalued.

Celestia's TIA token is overvalued due to its recent price surge and upcoming token unlock events.

BRC2 and ordinal tokens on the Bitcoin network are overhyped and lack real utility.

Alternative exchange tokens like OKX's OKB and Crypto.com's Kronos offer better investment opportunities.

Neutron, a new chain in the Cosmos ecosystem, has better growth potential than the ATOM token.

Solana's airdrop hype wave is driving unrealistic valuations for new tokens.

Infrastructure projects for BRC2 and ordinal tokens hold true potential for growth.

The valuation gap between Binance's BNB and competitors will likely close.

Cosmos's lack of leadership and poor tokenomics hinder ATOM's growth.

The hype around Celestia's technology does not justify the current high valuation of its token.

Meme coins in the BRC2 ecosystem are drawing attention away from more valuable projects.

A strategy for trading and investing in overhyped or overvalued tokens.

Transcripts

play00:00

today I'll be covering the top five

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cryptos that I would sell right now yes

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with the market entering a short-term

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Euphoria stage there are still tons of

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good sectors that will continue to grow

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but also many that are overvalued now

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and I will clearly avoid the cryptos

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will be covering today are not bad

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projects we won't be talking about

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bottom of the barrel scams instead these

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are very well-known established projects

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that I just think either are overvalued

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based on their current adoption or they

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have certain Al alternative picks in

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their same sector that are less known

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but have much higher potential welcome

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back to the virtual bacon Channel my

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name is Dennis and I'm a crypto Andro

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investor for the past 5 years and I have

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invested in over a 100 crypto companies

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on this channel I share my views on

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market trends and investing strategy to

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build wealth in crypto before we get

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started make sure to join our Discord

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with the link in the description or go

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to discord.gg Virtual bacon we have our

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free VIP program that I post my daily

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updates allcoin alerts and trade setups

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completely for free and you can join the

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the discussion with like-minded crypto

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Traders and investors okay let's get

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into the list and the first crypto

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project that I would sell right now is

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binance's B&B coin just 3 weeks ago we

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have already covered this news where

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binance has officially settled with doj

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and binance itself and its founder CZ

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have both pleaded guilty to their money

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laundering and evasion of Regulation

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charges and this has led to binance CEO

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CZ stepping down from the CEO role and

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potentially still facing a prison

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sentence Finance Company also has to pay

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$4.3 billion in fines to the doj not

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only is cz's role and the fine a big hit

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but also this opens up a lot of future

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hurt for binance as they have signed on

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a unprecedented crypto surveillance rule

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with this settlement binance will comply

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with a 3 to 5 years long surveillance

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program with the US Regulators they will

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need to disclose every us related

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transaction in the past and in the

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future and share all these records until

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they are fully exited out of the US

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markets so not only is The Regulators

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not happy and will track all their

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transactions but also they don't even

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want any us customers to trade on

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binance this really seals the deal for

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binance's full cut off from the US since

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us is one of the largest crypto user

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bases in the world and potentially

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growing way larger in this upcoming Bull

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Run fueled by the Wall Street adoption

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and the spot ETF this means binance will

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lose out on the largest market share in

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this cycle now this also completes my

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thesis of the lacks one event that needs

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to happen before the Bull Run starts we

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covered this in our last video 3 months

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ago titled three realistic events that

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can kill Bitcoin forever and one of the

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top looming events in that video was

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binance's collapse as filled by the

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pressure from us and Wall Street so now

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it's safe to say that the attack on the

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king of crypto which is binance has

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succeeded and the US Regulators aim to

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replace it with the US trafi cartel led

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by Black Rock even though binance is

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still one of the most dominant exchanges

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today taking up 36% of the market share

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in spot trading it is steadily declining

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we can see this with coin gecko's latest

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industry report for Q3 of 2023 on here

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you see the top 10 centralized crypto

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exchanges binance has started a year at

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63.75 trading volume but has continued

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to decline and by September it was only

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at 43% and based on this report current

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rankings is only at 36% now will the

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price of B&B fall in cycle well that's

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hard to say the Bull Run itself can

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still carry most of the top coins and

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bring the price up even just slightly

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however B&B coins valuation of $37

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billion makes it the largest exchange

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token by far and thus I believe B&B is

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highly unlikely to outperform ethereum

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and Bitcoin from its current valuations

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sure B&B may stay in the top 10 and

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retain this 30 to 50 billion market cap

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however there are many more exchange and

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their own tokens that are coming up up

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and they're quickly growing and

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potentially will replace binance and

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take some of their market share away and

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these will be much better picks some of

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the exchange coins that I am watching

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are okx is token okb so okx exchange is

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gunning for that number one spot in

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crypto exchanges and they have been

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really successful at this having

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launched some huge projects recently

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such as big time before binance listed

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them and they're getting a lot of

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traction in the latest ordinal and brc2

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crates they were the first to integrate

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that market and all the trading is

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happening on there not on binance

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another one that's really interesting is

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mantle which is the layer 2 Network

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built by bibit and was initially called

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bit Dow they also take on a more

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Community governed approach and their

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entire treasury is used by the Dow

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instead of the bybit exchange some other

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exchange tokens that are better bets

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than B&B in my opinion are things like

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crypto.com Kronos coin we have big gets

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big get token which is still growing as

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an exchange overall very quickly pop up

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in the market and things like like mexe

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with their MX token which is honestly a

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very reputable and dominant exchange

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today mexe takes up 5% of the total

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volume in crypto today in my opinion

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this gap between the binance token

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valuation of 37 billion with the other

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competitors ranging between 1 billion to

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10 billion this Gap will be closed quite

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soon and I expect binance bnb's market

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share to flow into its competitors and

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that is why B&B is my first coin that I

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would sell right now the second token

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that I would sell right now is actually

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cosmos's atom token now bear with me I'm

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not saying Cosmos technology is bad but

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I just think the atom token itself is

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not a great investment for longterm

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instead there are much smarter picks in

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the cosmos ecosystem that have better

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value ACC Cal now the whole thesis

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around Cosmos is with the inter

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blockchain communication protocol or IBC

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this is an open- Source protocol that

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any chain can adopt and it opens them up

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to connect with any other chain using

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simple Bridges and message passing the

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the ease of integration and the long

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history of Cosmos is what makes IBC so

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successful because most blockchain

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ecosystem out there are supporting IBC

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today which means when you develop using

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the standard you can connect to every

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other blockchain natively interoperable

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however the adoption of IBC doesn't

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contribute to the atom token value

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itself this has always been the biggest

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problem for atom as an investment I

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understand why this is the case because

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the founder of Cosmos jquan you might

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have even have heard of him but he's

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this very fundamentals driven and non-

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hype type of person and you see on his

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Twitter he says he never sold his soul

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and he has actually moved on to another

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project called no land which is this

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other even more pure technology project

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so for the past few years Cosmos itself

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really didn't have this leader and

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instead is functioning as a public goods

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technology project which led to really

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good technology adoption cuz every chain

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can just easily integrate IBC but the

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atom token price has failed to catch on

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to all the hype waves now in October

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2022 Cosmos tried to revamp this with

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the atom 2.0 tokenomics upgrade they

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changed the atom token issuance rate and

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they introduced things like interchange

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scheduler and interchain allocator which

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technically do feed back to the atom

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token price but none of this really

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gained any traction as people were just

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still using the technology freely the

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last potential attempt to Revival for

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atom is with interchange security this

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is a program where new chains launching

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on Cosmos can choose to use atom tokens

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staking power to power their own

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validators and instead they don't have

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to bootstrap their own validators and

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ask for node operators to come in this

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makes it much easier to launch a new

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chain using Cosmos and in return their

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staking power and their tokens and their

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revenue will go back into atom as

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rewards even with how good this program

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sounds in the first year of the launch

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of interchange security there wasn't

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really much adoption but in some summer

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of this year this has finally changed

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with the launch of a new chain called

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Neutron we have covered Neutron in our

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2024 crypto portfolio video you should

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go check that out for a deep dive but

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just a quick summary Neutron is the

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consumer Hub chain that is kind of like

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the successor to the cosmos Hub chain

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you see the cosmos Hub doesn't support

play08:18

smart contracts which was one of the

play08:20

biggest hurdles for its adoption even

play08:22

though the IBC connects so many tokens

play08:23

and they can all bridge in there is no

play08:25

central place for all these tokens to

play08:27

interact with each other in defi now

play08:29

Neutron is this consumer Focus chain

play08:31

that does support smart contracts and is

play08:34

backed by all of the main builders in

play08:36

the cosmos ecosystem such as informal

play08:38

systems Deli digital and all the other

play08:40

top Builders and this is as official as

play08:43

it gets the only support that it doesn't

play08:45

have is from the founder jquan himself

play08:47

so with Neutron what you have is this

play08:49

new environment that can finally do def5

play08:51

with the power of IBC that can connect

play08:54

every other blockchain out there and

play08:56

there is real value acral to the neutron

play08:58

token and last but not least because it

play09:00

uses replicated security coming from

play09:03

Cosmos atom this means it doesn't have

play09:05

to have its own stakers instead it's

play09:07

secured by the atom token staking itself

play09:10

and when you compare the valuation

play09:11

Cosmos Hub currently sits at 3.3 billion

play09:14

while Neutron is at 1.17 billion but my

play09:17

thesis for this upcoming cycle is for

play09:19

Neutron to actually flip Cosmos because

play09:21

it has way more going for it and I

play09:23

believe Cosmos atom will continue to be

play09:25

hard to grow due to its lack of

play09:28

leadership and poor tokenomics the

play09:30

consumer chain of neutron is much a

play09:32

better bet on the existing adoption of

play09:34

IBC that connects almost every other

play09:36

blockchain and the smart contract layer

play09:38

of neutron finally puts Cosmos

play09:40

technology on the map against other

play09:42

layer ones this is why I think Neutron

play09:44

should out grow Cosmos atom token this

play09:47

cycle hence why I would sell any atom

play09:49

token I have and replace it with Neutron

play09:52

okay moving on the third category of

play09:54

coins that I would sell right now are

play09:56

actually the super overhyped airdrop

play09:59

tokens on Solana you see for the past

play10:01

couple months Solana has had a huge hype

play10:04

wave bringing up its Revival and along

play10:06

with it some of the latest dropped

play10:08

projects conducted airdrops and their

play10:10

tokens are super overvalued the most

play10:12

notable three are pith Network which is

play10:15

a competitor to chain link you have gito

play10:18

which is a liquid staking protocol for

play10:20

salana and you have Jupiter which is a

play10:22

decentralized exchange aggregator on

play10:24

Solana now let me explain why I think

play10:26

these three projects are super

play10:28

overvalued right now first of all pith

play10:30

network is a Oracle provider similar to

play10:32

chain link it connects offchain data to

play10:34

onchain for things like defi use case we

play10:37

can easily compare the adoption of pith

play10:39

against chain link so here on defi Lama

play10:42

you see chain link has secured 345 D5

play10:45

protocols and has a total value secured

play10:48

under its Oracle provider of $16.79

play10:51

billion versus for p they have 133

play10:55

protocols secured but only a total value

play10:58

of 1.3 8 billion so if you take just an

play11:01

average of these two metrics pith is

play11:04

about as large as 1/3 of chain link

play11:07

optimistically speaking based on number

play11:09

of protocols and as small as oneth of

play11:12

chain Link's adoption sites based on the

play11:14

total value secured so let's just say

play11:16

pith is 1/5 of that of chain Link's

play11:18

value even with that average number when

play11:21

you compare the fully diluted valuation

play11:23

of the two projects you see the big

play11:24

difference so chain link is valued out

play11:26

$14 billion fdv today and pith is

play11:30

already at 3.8 billion fdv so no matter

play11:34

how you look at the ratio of market cap

play11:37

to the total value secured pith is

play11:40

definitely overvalued compared to chain

play11:41

link not only this but when you look at

play11:43

the circulating Supply versus total

play11:45

Supply you see pith only has 1.5 billion

play11:48

of the 10 billion total tokens

play11:50

circulating which means the upcoming

play11:52

unlocks for the token is still very

play11:54

large and that's why the price is able

play11:56

to sustain at such a high level because

play11:58

there is isn't that much token

play11:59

circulating yet now pith is one of the

play12:01

good ones it gets even worse when we

play12:04

look at GTO so GTO is a liquid staking

play12:06

protocol on Solana you see here you can

play12:08

stake your soul with it and they have

play12:11

apy of 6.85% this kind of LSD protocol

play12:14

is nothing new so if we go on defi Lama

play12:17

again and look at all the liquid staking

play12:19

projects you see GTO here ranks number

play12:22

six and for LD protocol the number one

play12:24

metric to Value them is with their total

play12:27

value locked or in other words how much

play12:29

staking is goes under their protocol and

play12:31

you see GTO has a total value locked of

play12:34

$475 million but similarly for the next

play12:38

project up which is marinade which also

play12:40

works for salana they have even more tvl

play12:43

at 500 million value locked however when

play12:47

you compare the two tokens valuations

play12:49

GTO is already valued at $2.8 billion

play12:52

fdv but marinade is only valued at $317

play12:56

million FTV so even though marinade has

play12:59

slightly more adoption it's valued at

play13:01

90% off from gto's Price why is this

play13:05

such a big difference there is nothing

play13:07

that explains this other than gito is

play13:09

actually severely overvalued even worse

play13:12

when you compare gito to the largest

play13:15

liquid staking protocol by far Lido

play13:17

which has $20 billion of total value

play13:19

locked it's even crazier so even Lido

play13:22

only has $2.1 billion of fdv whereas GTO

play13:27

already is bigger than Lido at $2.8

play13:29

billion FTV so no matter how you look at

play13:32

it GTO is super overvalued right now

play13:35

last but not least the third Super hyped

play13:37

up airdrop that's coming up for salana

play13:39

is Jupiter Jupiter is this decentralized

play13:41

exchange aggregator you can think of it

play13:43

similar to 1 in and it also acts as its

play13:46

own decentralized exchange like pancake

play13:47

swap or Unis swap so again let's compare

play13:50

all these aggregators based on their

play13:52

trading volume that's their biggest

play13:54

adoption number you see here Jupiter is

play13:56

the number one most adopted

play13:57

decentralized Exchange aggregator and it

play13:59

has a daily volume of 550 million versus

play14:02

1 in at 150 million so it's about four

play14:06

times larger than 1 in and 1 in today is

play14:09

trading at a fully diluted valuation of

play14:12

$500 million so if you times that by

play14:15

four that gives us maybe $2 billion of

play14:17

fully diluted valuation and that is

play14:19

putting all things aside like 1 in early

play14:22

adoption in Defi and their widespread

play14:25

penetration as they support nine chains

play14:28

instead of jit which only works on

play14:29

Solana however even with all this when

play14:32

you look at Jupiter's current predicted

play14:34

Price Right Jupiter has a total supply

play14:36

of 10 billion and on some of the

play14:38

prediction markets there is already

play14:40

Jupiter contracts trading and you see

play14:42

Jupiter token is trading at 70 cents

play14:45

potentially at launch which gives it $7

play14:47

billion of fully diluted valuation way

play14:50

above the projection of 2 billion and if

play14:53

we compare Jupiter to some of the

play14:54

leading decentralized exchanges such as

play14:56

pancake swap or Unis swap you see see

play14:58

pancake has a 300 million daily volume

play15:01

and uni has 1.4 billion daily volume so

play15:04

the volume of Jupiter is about 50%

play15:06

larger than pancake you see pancake's

play15:09

fully diluted valuation is only at 900

play15:11

million so 50% above that puts it right

play15:14

around 1.3 1.4 billion so again

play15:17

something like just below that 2 billion

play15:19

range and even Unis swof is only trading

play15:21

at $6.2 billion fully diluted valuation

play15:24

today this is by far the most well-known

play15:27

most adopted decent exchange so for

play15:29

Jupiter to be trading day one at a

play15:32

higher valuation than Unis swamp that's

play15:34

just insane that's completely overvalued

play15:37

and I think Jupiter needs to fall to at

play15:39

least below 2 billion probably around

play15:41

that 1 billion Mark I think that might

play15:43

be fair and last thing to remember is

play15:46

that we are literally in a salana hype

play15:48

wave uh craze right now and that has led

play15:51

to a ton of trading volume on Solana so

play15:53

you see Jupiter only supports Solana

play15:55

chain which means once the trading

play15:57

volume moves away from from salana this

play15:59

volume of jum will also drop quite

play16:02

dramatically which in turn also comes

play16:04

the potential valuation drop that people

play16:06

expect to be fair these are all legit

play16:09

projects launching on salana however the

play16:11

reason why these tokens are so overhyped

play16:13

right now is because this Regent salana

play16:15

wave fueled by airdrops have brought in

play16:17

a huge amount of new investors that do

play16:19

not know how to dig into the metrics to

play16:23

understand a protocol this allows the

play16:24

project teams and the market makers to

play16:26

list these airdrop tokens as super

play16:28

inflated valuations and the

play16:30

unexperienced investors will still buy

play16:32

them this way the airdrop hype on salana

play16:34

keeps the price up at high levels while

play16:37

the airdrop recipients and the early

play16:39

investors can take profit at super high

play16:41

levels eventually this will all come

play16:43

down in my opinion so the takeaway is if

play16:46

you are able to get these Solana

play16:48

airdrops such as Jupiter which is still

play16:50

coming up by all means take the free

play16:52

money but I would definitely sell all of

play16:54

these airdrops right after they launch

play16:57

and I do not plan to hold any of these

play16:59

tokens as they are all heavily

play17:00

overpriced in each of these tokens

play17:03

sectors there are way smarter choices

play17:05

for long-term hes out there if you just

play17:07

do a little bit of digging okay the

play17:09

fourth altcoin that I would sell right

play17:11

now is Celestia's token Tia celesia is

play17:13

one of the most hyped up projects in the

play17:16

past 2 months in crypto looking at its

play17:18

price it went up from the launch price

play17:21

of around $230 all the way up to $14

play17:24

doing almost a 6X now celesia is in my

play17:27

2024 portfolio and I have covered it in

play17:29

our video before so for the full deep

play17:32

dive on the Celestia technology you can

play17:34

go check that out with the link in the

play17:36

description however please keep in mind

play17:38

I was getting into Celestia way earlier

play17:40

right after the launch around that $2 to

play17:42

$3 range and at today's price I just

play17:45

cannot see this still being a good value

play17:48

you see most people don't understand

play17:49

Celestia's technology they just know

play17:51

it's a layer one in the cosmos ecosystem

play17:53

but they have never tried it so Celestia

play17:55

is actually very cool they are the first

play17:57

to inent this modular blockchain design

play18:00

where it separates the data layer and

play18:02

the consensus layer from the execution

play18:04

or the smart contract layer this means

play18:06

you can plug any layer one layer two

play18:08

stack or programming language on top of

play18:10

Celestia and use it for consensus and

play18:12

data storage they're also the first

play18:14

blockchain to support a light note

play18:16

that's fully functional on mobile which

play18:18

means you can actually join the network

play18:20

and help secure real blocks and store

play18:23

real data using just your smartphone now

play18:25

while I am bullish on the long-term

play18:27

potential of Select in the short term I

play18:29

believe the Tia token is reaching the

play18:32

first local top in terms of short-term

play18:34

hype the price growth is clearly

play18:36

outrunning the technology adoption now

play18:38

on the toonomic side Celestia also did a

play18:41

large airdrop where 20% of the total

play18:43

Supply was given out and based on the

play18:45

current circulating Supply there is

play18:47

still 50 million tokens to be claimed

play18:50

which is worth over $600 million of free

play18:53

Celestia tokens to be claimed and

play18:55

potentially dumped on the market by the

play18:56

airdrop recipients and the long-term

play18:58

tokenomics of celesia is also kind of

play19:01

worrying because from now until October

play19:04

2024 there is no Supply coming out which

play19:06

means there is a huge token unlock

play19:08

happening in November 1st 2024 this

play19:11

design is very similar to other airdrop

play19:13

projects like arbitrum optimism or sweet

play19:16

now when we look at arbitrum Price

play19:18

performance in the first year after

play19:20

launch notice how it had its initial

play19:22

hype but then quickly price started to

play19:25

decline and eventually bottomed out

play19:27

somewhere around the 6month Mark after

play19:29

launch people will catch on and realize

play19:31

that the fully diluted valuation for

play19:33

this airdrop project is very high then

play19:35

after that first wave for arbitrum in

play19:38

October of 2023 the pric start to run up

play19:40

and arbitrum actually started to see

play19:42

more and more adoption more and more

play19:44

users and they have started to push

play19:46

marketing more heavily and launching

play19:48

incentive programs Etc and that has led

play19:50

to revive the second wave and I believe

play19:52

arbitrum will still head higher from

play19:54

here so Mor of the story is that with

play19:56

these airdrop projects the first year

play19:59

will be a tough period to get in as a

play20:01

long-term investment usually around the

play20:03

6 to seven month Mark Price should come

play20:06

down and reach a bottom period and then

play20:08

the project will start to push the price

play20:10

up with more marketing again as it gets

play20:12

closer to the Token unlock event because

play20:15

the early investors and the team will

play20:17

need the token price to do well and

play20:19

become popular again going into the

play20:21

unlock in order to take their initial

play20:23

profits there's nothing wrong with this

play20:25

it's just how the industry works and

play20:27

once we know how this works you can try

play20:29

to play it in two ways so if you are a

play20:31

Trader the strategy I would take is to

play20:34

wait for the current price to cool off a

play20:36

bit going into the next few months I

play20:38

would say 6 to 7 months from now celesia

play20:40

price should be a little bit lower than

play20:42

here then you can get in when the hype

play20:45

fades for Celestia after the airdrop but

play20:47

the technology adoption actually

play20:49

increases and then you ride the second

play20:51

wave up and take profit before the token

play20:53

unlock happens in November 2024 so aim

play20:56

to sell in October 2024 now if you are a

play20:59

long-term investor then I would try to

play21:01

have an average entry sometime in mid

play21:04

2024 and look to load up on more

play21:07

Celestia after the unlock happens in

play21:09

November 2024 but no matter if you're

play21:12

trading this shortterm or looking to

play21:13

hold long term I just think the current

play21:16

valuation of $13 billion for celesia is

play21:19

overvalued it's overpriced and it's not

play21:21

sustainable and that is why I think it's

play21:23

a great time to take profits from

play21:25

Celestia and look to enter back in at

play21:27

lower prices going into 2024 okay the

play21:30

last category of altcoins I would sell

play21:33

right now is ordinal and the brc2 token

play21:36

crates now the brc2 and ordinal hype is

play21:40

real and it opens up the world of defi

play21:42

to the entire market cap of Bitcoin

play21:44

however the short-term hype is

play21:46

completely driven by the Cates in China

play21:49

and most of these tokens have no utility

play21:51

at all they're just meme coins for

play21:53

example some of the most well-known

play21:55

tokens using the brc2 standard include

play21:58

Ori which was the first token launched

play22:01

on the standard but even to today it

play22:03

still doesn't have any utility at all

play22:05

two other br20 tokens that everyone is

play22:07

talking about are SATs which is honestly

play22:10

just another meme coin you see on its

play22:12

website basically does nothing and it's

play22:14

just paying homage to the Satoshi and

play22:16

the SATs ticker and this is already

play22:19

trading on every exchange and value that

play22:21

$ 1.5 billion another one that everyone

play22:24

is hyping up is called rats this is kind

play22:27

of a play on sat as another Meme and

play22:29

this is already trading at 300 million

play22:31

with literally not even a website just a

play22:34

pure token ticker now why is this

play22:36

happening we have to look at some of the

play22:38

uh early technology of brc2 and these

play22:40

tokens there's this protocol called

play22:42

inscriptions and ordal for Bitcoin that

play22:45

allows you to inject certain amounts of

play22:47

data on the Bitcoin blockchain kind of

play22:49

like metadata it's not exactly written

play22:52

on chain as a smart contract and that

play22:54

has led to the creation of brc2 tokens

play22:56

although these tokens have come a long

play22:58

way they are still very early stages and

play23:00

there's not much defi functionality you

play23:02

can do this is in stark contrast to the

play23:04

current stage of erc20 tokens on

play23:06

ethereum which you can do staking

play23:08

farming trading Etc with bitcoin's brc2

play23:11

tokens you cannot do any of that yet to

play23:13

be fair this is very similar to the

play23:15

early Ico crates on ethereum in the

play23:18

initial days of ethereum there weren't

play23:20

any decentralized applications people

play23:22

were purely launching tokens for the

play23:24

sake of launching tokens with just a

play23:25

website this has led to a lot of people

play23:28

from China and from third world

play23:30

countries getting into this craze so you

play23:32

see in China they literally host these

play23:34

conferences teaching people how to set

play23:36

up a Bitcoin wallet and how to free mint

play23:38

these brc2 tokens how to pick them and

play23:41

uh just by doing kind of repetitive work

play23:44

by these stay-at-home moms they can

play23:45

potentially make good profits here's

play23:47

another example recently with this new

play23:49

ticker obviously don't don't go and buy

play23:51

this you cannot even buy it it's most

play23:53

likely a pure meme but you see these

play23:55

people are not experienced crypto

play23:56

investors but they just get together and

play23:58

try to Mint as many of this as possible

play24:00

and all of this process cannot be boted

play24:02

because the infrastructure on brc2 right

play24:04

now is so early stages right now which

play24:06

has led to there not being any Bots and

play24:08

it's really a fair playing Ground for

play24:10

anyone to manually mint a lot of these

play24:12

tokens and actually make some small

play24:14

profits this is why you see tokens like

play24:16

Ori and SATs having so many holders so

play24:19

sat already has 46,000 holders very

play24:22

large number if you understand Chinese

play24:24

just go on any Chinese social media app

play24:26

and look up their crypto ticker all you

play24:28

will see today are these inscriptions

play24:30

and brc2 crates they don't care about

play24:32

ethereum they don't care about defi or

play24:34

game fight or anything else this is

play24:36

really reaching a bubble stage in China

play24:39

and my current thesis is that this

play24:41

bubble will start to pop quite soon

play24:43

because all these people they don't

play24:45

understand the fundamentals of these

play24:47

technology at all and this is why I

play24:49

would sell the most popular brc2 tokens

play24:51

today that are freely minted like rats

play24:54

and SATs and whatever the 10 other coins

play24:57

pop up every day today however I am

play24:59

actually very interested in the

play25:00

technology that enables these brc2

play25:03

tokens and what the potential of them

play25:05

could be once defi has fully integrated

play25:08

these protocols those will have true

play25:10

potential for this entire Bull Run and

play25:12

the Chinese grandmas and the MLM groups

play25:14

are still undereducated on these

play25:16

fundamental aspects and that's why I

play25:18

think these are much more value to get

play25:21

into right now so I'm talking about

play25:23

things like wallets Bridges

play25:25

decentralized exchanges defi protocols

play25:27

like stable coins or Landing protocols

play25:29

launchpads Etc all of these

play25:31

infrastructure that are currently being

play25:33

built for the brc2 and for ordinal I

play25:36

think those will be really good picks

play25:38

going to the cycle I am working on a

play25:40

full guide on the BRC 20s and ordinal

play25:43

inscription ecosystem and my top coin

play25:45

picks that are true utility projects in

play25:47

this sector so subscribe to the channel

play25:49

if you want to see that we are already

play25:51

seeing this rotation happening so things

play25:53

like the multi-bit bridge or movie token

play25:56

this is the first fun functioning bridge

play25:58

between the evm chains like binance

play26:00

smart chain or ethereum to the world of

play26:03

brc2 with Bitcoin and this token Bridge

play26:06

Project actually works and you see that

play26:08

this is one of the most successful

play26:10

launches in this past month going from 2

play26:12

cents all the way up to 30 and in fact

play26:15

we have covered this project in our

play26:16

Discord as well when we first covered it

play26:18

it was still under 4 million fully DED

play26:21

valuation and today you see it's already

play26:23

trading at $250 million fully dut

play26:26

valuation so people under understand

play26:28

that there is this blue ocean for

play26:29

infrastructure projects on BRC 20s on

play26:32

ordinals on the Bitcoin ecosystem and I

play26:34

think soon we will see this rotation

play26:36

happen and an explosion of real utility

play26:39

projects on the Bitcoin ecosystem to

play26:41

summarize the currently most popular BR

play26:43

C20 tokens like SATs and rats are just

play26:46

meme coins and that's why I would

play26:47

totally sell them right now from this

play26:50

hype wave however I am bullish on the

play26:52

brc2 protocol and Technology overall and

play26:55

that's why I will be getting into this

play26:57

ecos system and doing more deep Dives on

play26:59

them very soon okay that wraps up

play27:01

today's video of the top five cryptos

play27:03

that I would sell right now and I have

play27:05

given you guys my full analysis on why

play27:07

they are overvalued and the certain

play27:09

alternative picks that are much higher

play27:11

potential and much less discovered

play27:13

compared to these projects let me know

play27:15

down in the comments if you agree or if

play27:17

you are a fan of any of these tokens and

play27:19

you think I am wrong and also if I have

play27:21

missed any other overvalued projects

play27:23

please let me know as well if you like

play27:25

this content subscribe to the channel

play27:27

and and also join our Discord with the

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link in the description or go to

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discord.gg Virtual bacon this is where I

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post my free personal Alpha as I'm

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analyzing the market as well as our

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daily altcoin alerts and Bitcoin alerts

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with trade setups that's given for free

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and last but not least we have almost

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10,000 members in the Discord already so

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you can have a community discussion for

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any projects you discover okay that's it

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for today's video thank you guys for

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watching and I will see you in the next

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one cheers bye-bye

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