5 Cryptos I'm SELLING in 2024
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
📉 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。
🌐 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。
🔥 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。
🚀 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。
🔒 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
💡加密货币
💡过高估值
💡Cosmos
💡Solana
💡空投
💡Celestia
💡BRC-20
💡估值
💡替代选择
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
today I'll be covering the top five
cryptos that I would sell right now yes
with the market entering a short-term
Euphoria stage there are still tons of
good sectors that will continue to grow
but also many that are overvalued now
and I will clearly avoid the cryptos
will be covering today are not bad
projects we won't be talking about
bottom of the barrel scams instead these
are very well-known established projects
that I just think either are overvalued
based on their current adoption or they
have certain Al alternative picks in
their same sector that are less known
but have much higher potential welcome
back to the virtual bacon Channel my
name is Dennis and I'm a crypto Andro
investor for the past 5 years and I have
invested in over a 100 crypto companies
on this channel I share my views on
market trends and investing strategy to
build wealth in crypto before we get
started make sure to join our Discord
with the link in the description or go
to discord.gg Virtual bacon we have our
free VIP program that I post my daily
updates allcoin alerts and trade setups
completely for free and you can join the
the discussion with like-minded crypto
Traders and investors okay let's get
into the list and the first crypto
project that I would sell right now is
binance's B&B coin just 3 weeks ago we
have already covered this news where
binance has officially settled with doj
and binance itself and its founder CZ
have both pleaded guilty to their money
laundering and evasion of Regulation
charges and this has led to binance CEO
CZ stepping down from the CEO role and
potentially still facing a prison
sentence Finance Company also has to pay
$4.3 billion in fines to the doj not
only is cz's role and the fine a big hit
but also this opens up a lot of future
hurt for binance as they have signed on
a unprecedented crypto surveillance rule
with this settlement binance will comply
with a 3 to 5 years long surveillance
program with the US Regulators they will
need to disclose every us related
transaction in the past and in the
future and share all these records until
they are fully exited out of the US
markets so not only is The Regulators
not happy and will track all their
transactions but also they don't even
want any us customers to trade on
binance this really seals the deal for
binance's full cut off from the US since
us is one of the largest crypto user
bases in the world and potentially
growing way larger in this upcoming Bull
Run fueled by the Wall Street adoption
and the spot ETF this means binance will
lose out on the largest market share in
this cycle now this also completes my
thesis of the lacks one event that needs
to happen before the Bull Run starts we
covered this in our last video 3 months
ago titled three realistic events that
can kill Bitcoin forever and one of the
top looming events in that video was
binance's collapse as filled by the
pressure from us and Wall Street so now
it's safe to say that the attack on the
king of crypto which is binance has
succeeded and the US Regulators aim to
replace it with the US trafi cartel led
by Black Rock even though binance is
still one of the most dominant exchanges
today taking up 36% of the market share
in spot trading it is steadily declining
we can see this with coin gecko's latest
industry report for Q3 of 2023 on here
you see the top 10 centralized crypto
exchanges binance has started a year at
63.75 trading volume but has continued
to decline and by September it was only
at 43% and based on this report current
rankings is only at 36% now will the
price of B&B fall in cycle well that's
hard to say the Bull Run itself can
still carry most of the top coins and
bring the price up even just slightly
however B&B coins valuation of $37
billion makes it the largest exchange
token by far and thus I believe B&B is
highly unlikely to outperform ethereum
and Bitcoin from its current valuations
sure B&B may stay in the top 10 and
retain this 30 to 50 billion market cap
however there are many more exchange and
their own tokens that are coming up up
and they're quickly growing and
potentially will replace binance and
take some of their market share away and
these will be much better picks some of
the exchange coins that I am watching
are okx is token okb so okx exchange is
gunning for that number one spot in
crypto exchanges and they have been
really successful at this having
launched some huge projects recently
such as big time before binance listed
them and they're getting a lot of
traction in the latest ordinal and brc2
crates they were the first to integrate
that market and all the trading is
happening on there not on binance
another one that's really interesting is
mantle which is the layer 2 Network
built by bibit and was initially called
bit Dow they also take on a more
Community governed approach and their
entire treasury is used by the Dow
instead of the bybit exchange some other
exchange tokens that are better bets
than B&B in my opinion are things like
crypto.com Kronos coin we have big gets
big get token which is still growing as
an exchange overall very quickly pop up
in the market and things like like mexe
with their MX token which is honestly a
very reputable and dominant exchange
today mexe takes up 5% of the total
volume in crypto today in my opinion
this gap between the binance token
valuation of 37 billion with the other
competitors ranging between 1 billion to
10 billion this Gap will be closed quite
soon and I expect binance bnb's market
share to flow into its competitors and
that is why B&B is my first coin that I
would sell right now the second token
that I would sell right now is actually
cosmos's atom token now bear with me I'm
not saying Cosmos technology is bad but
I just think the atom token itself is
not a great investment for longterm
instead there are much smarter picks in
the cosmos ecosystem that have better
value ACC Cal now the whole thesis
around Cosmos is with the inter
blockchain communication protocol or IBC
this is an open- Source protocol that
any chain can adopt and it opens them up
to connect with any other chain using
simple Bridges and message passing the
the ease of integration and the long
history of Cosmos is what makes IBC so
successful because most blockchain
ecosystem out there are supporting IBC
today which means when you develop using
the standard you can connect to every
other blockchain natively interoperable
however the adoption of IBC doesn't
contribute to the atom token value
itself this has always been the biggest
problem for atom as an investment I
understand why this is the case because
the founder of Cosmos jquan you might
have even have heard of him but he's
this very fundamentals driven and non-
hype type of person and you see on his
Twitter he says he never sold his soul
and he has actually moved on to another
project called no land which is this
other even more pure technology project
so for the past few years Cosmos itself
really didn't have this leader and
instead is functioning as a public goods
technology project which led to really
good technology adoption cuz every chain
can just easily integrate IBC but the
atom token price has failed to catch on
to all the hype waves now in October
2022 Cosmos tried to revamp this with
the atom 2.0 tokenomics upgrade they
changed the atom token issuance rate and
they introduced things like interchange
scheduler and interchain allocator which
technically do feed back to the atom
token price but none of this really
gained any traction as people were just
still using the technology freely the
last potential attempt to Revival for
atom is with interchange security this
is a program where new chains launching
on Cosmos can choose to use atom tokens
staking power to power their own
validators and instead they don't have
to bootstrap their own validators and
ask for node operators to come in this
makes it much easier to launch a new
chain using Cosmos and in return their
staking power and their tokens and their
revenue will go back into atom as
rewards even with how good this program
sounds in the first year of the launch
of interchange security there wasn't
really much adoption but in some summer
of this year this has finally changed
with the launch of a new chain called
Neutron we have covered Neutron in our
2024 crypto portfolio video you should
go check that out for a deep dive but
just a quick summary Neutron is the
consumer Hub chain that is kind of like
the successor to the cosmos Hub chain
you see the cosmos Hub doesn't support
smart contracts which was one of the
biggest hurdles for its adoption even
though the IBC connects so many tokens
and they can all bridge in there is no
central place for all these tokens to
interact with each other in defi now
Neutron is this consumer Focus chain
that does support smart contracts and is
backed by all of the main builders in
the cosmos ecosystem such as informal
systems Deli digital and all the other
top Builders and this is as official as
it gets the only support that it doesn't
have is from the founder jquan himself
so with Neutron what you have is this
new environment that can finally do def5
with the power of IBC that can connect
every other blockchain out there and
there is real value acral to the neutron
token and last but not least because it
uses replicated security coming from
Cosmos atom this means it doesn't have
to have its own stakers instead it's
secured by the atom token staking itself
and when you compare the valuation
Cosmos Hub currently sits at 3.3 billion
while Neutron is at 1.17 billion but my
thesis for this upcoming cycle is for
Neutron to actually flip Cosmos because
it has way more going for it and I
believe Cosmos atom will continue to be
hard to grow due to its lack of
leadership and poor tokenomics the
consumer chain of neutron is much a
better bet on the existing adoption of
IBC that connects almost every other
blockchain and the smart contract layer
of neutron finally puts Cosmos
technology on the map against other
layer ones this is why I think Neutron
should out grow Cosmos atom token this
cycle hence why I would sell any atom
token I have and replace it with Neutron
okay moving on the third category of
coins that I would sell right now are
actually the super overhyped airdrop
tokens on Solana you see for the past
couple months Solana has had a huge hype
wave bringing up its Revival and along
with it some of the latest dropped
projects conducted airdrops and their
tokens are super overvalued the most
notable three are pith Network which is
a competitor to chain link you have gito
which is a liquid staking protocol for
salana and you have Jupiter which is a
decentralized exchange aggregator on
Solana now let me explain why I think
these three projects are super
overvalued right now first of all pith
network is a Oracle provider similar to
chain link it connects offchain data to
onchain for things like defi use case we
can easily compare the adoption of pith
against chain link so here on defi Lama
you see chain link has secured 345 D5
protocols and has a total value secured
under its Oracle provider of $16.79
billion versus for p they have 133
protocols secured but only a total value
of 1.3 8 billion so if you take just an
average of these two metrics pith is
about as large as 1/3 of chain link
optimistically speaking based on number
of protocols and as small as oneth of
chain Link's adoption sites based on the
total value secured so let's just say
pith is 1/5 of that of chain Link's
value even with that average number when
you compare the fully diluted valuation
of the two projects you see the big
difference so chain link is valued out
$14 billion fdv today and pith is
already at 3.8 billion fdv so no matter
how you look at the ratio of market cap
to the total value secured pith is
definitely overvalued compared to chain
link not only this but when you look at
the circulating Supply versus total
Supply you see pith only has 1.5 billion
of the 10 billion total tokens
circulating which means the upcoming
unlocks for the token is still very
large and that's why the price is able
to sustain at such a high level because
there is isn't that much token
circulating yet now pith is one of the
good ones it gets even worse when we
look at GTO so GTO is a liquid staking
protocol on Solana you see here you can
stake your soul with it and they have
apy of 6.85% this kind of LSD protocol
is nothing new so if we go on defi Lama
again and look at all the liquid staking
projects you see GTO here ranks number
six and for LD protocol the number one
metric to Value them is with their total
value locked or in other words how much
staking is goes under their protocol and
you see GTO has a total value locked of
$475 million but similarly for the next
project up which is marinade which also
works for salana they have even more tvl
at 500 million value locked however when
you compare the two tokens valuations
GTO is already valued at $2.8 billion
fdv but marinade is only valued at $317
million FTV so even though marinade has
slightly more adoption it's valued at
90% off from gto's Price why is this
such a big difference there is nothing
that explains this other than gito is
actually severely overvalued even worse
when you compare gito to the largest
liquid staking protocol by far Lido
which has $20 billion of total value
locked it's even crazier so even Lido
only has $2.1 billion of fdv whereas GTO
already is bigger than Lido at $2.8
billion FTV so no matter how you look at
it GTO is super overvalued right now
last but not least the third Super hyped
up airdrop that's coming up for salana
is Jupiter Jupiter is this decentralized
exchange aggregator you can think of it
similar to 1 in and it also acts as its
own decentralized exchange like pancake
swap or Unis swap so again let's compare
all these aggregators based on their
trading volume that's their biggest
adoption number you see here Jupiter is
the number one most adopted
decentralized Exchange aggregator and it
has a daily volume of 550 million versus
1 in at 150 million so it's about four
times larger than 1 in and 1 in today is
trading at a fully diluted valuation of
$500 million so if you times that by
four that gives us maybe $2 billion of
fully diluted valuation and that is
putting all things aside like 1 in early
adoption in Defi and their widespread
penetration as they support nine chains
instead of jit which only works on
Solana however even with all this when
you look at Jupiter's current predicted
Price Right Jupiter has a total supply
of 10 billion and on some of the
prediction markets there is already
Jupiter contracts trading and you see
Jupiter token is trading at 70 cents
potentially at launch which gives it $7
billion of fully diluted valuation way
above the projection of 2 billion and if
we compare Jupiter to some of the
leading decentralized exchanges such as
pancake swap or Unis swap you see see
pancake has a 300 million daily volume
and uni has 1.4 billion daily volume so
the volume of Jupiter is about 50%
larger than pancake you see pancake's
fully diluted valuation is only at 900
million so 50% above that puts it right
around 1.3 1.4 billion so again
something like just below that 2 billion
range and even Unis swof is only trading
at $6.2 billion fully diluted valuation
today this is by far the most well-known
most adopted decent exchange so for
Jupiter to be trading day one at a
higher valuation than Unis swamp that's
just insane that's completely overvalued
and I think Jupiter needs to fall to at
least below 2 billion probably around
that 1 billion Mark I think that might
be fair and last thing to remember is
that we are literally in a salana hype
wave uh craze right now and that has led
to a ton of trading volume on Solana so
you see Jupiter only supports Solana
chain which means once the trading
volume moves away from from salana this
volume of jum will also drop quite
dramatically which in turn also comes
the potential valuation drop that people
expect to be fair these are all legit
projects launching on salana however the
reason why these tokens are so overhyped
right now is because this Regent salana
wave fueled by airdrops have brought in
a huge amount of new investors that do
not know how to dig into the metrics to
understand a protocol this allows the
project teams and the market makers to
list these airdrop tokens as super
inflated valuations and the
unexperienced investors will still buy
them this way the airdrop hype on salana
keeps the price up at high levels while
the airdrop recipients and the early
investors can take profit at super high
levels eventually this will all come
down in my opinion so the takeaway is if
you are able to get these Solana
airdrops such as Jupiter which is still
coming up by all means take the free
money but I would definitely sell all of
these airdrops right after they launch
and I do not plan to hold any of these
tokens as they are all heavily
overpriced in each of these tokens
sectors there are way smarter choices
for long-term hes out there if you just
do a little bit of digging okay the
fourth altcoin that I would sell right
now is Celestia's token Tia celesia is
one of the most hyped up projects in the
past 2 months in crypto looking at its
price it went up from the launch price
of around $230 all the way up to $14
doing almost a 6X now celesia is in my
2024 portfolio and I have covered it in
our video before so for the full deep
dive on the Celestia technology you can
go check that out with the link in the
description however please keep in mind
I was getting into Celestia way earlier
right after the launch around that $2 to
$3 range and at today's price I just
cannot see this still being a good value
you see most people don't understand
Celestia's technology they just know
it's a layer one in the cosmos ecosystem
but they have never tried it so Celestia
is actually very cool they are the first
to inent this modular blockchain design
where it separates the data layer and
the consensus layer from the execution
or the smart contract layer this means
you can plug any layer one layer two
stack or programming language on top of
Celestia and use it for consensus and
data storage they're also the first
blockchain to support a light note
that's fully functional on mobile which
means you can actually join the network
and help secure real blocks and store
real data using just your smartphone now
while I am bullish on the long-term
potential of Select in the short term I
believe the Tia token is reaching the
first local top in terms of short-term
hype the price growth is clearly
outrunning the technology adoption now
on the toonomic side Celestia also did a
large airdrop where 20% of the total
Supply was given out and based on the
current circulating Supply there is
still 50 million tokens to be claimed
which is worth over $600 million of free
Celestia tokens to be claimed and
potentially dumped on the market by the
airdrop recipients and the long-term
tokenomics of celesia is also kind of
worrying because from now until October
2024 there is no Supply coming out which
means there is a huge token unlock
happening in November 1st 2024 this
design is very similar to other airdrop
projects like arbitrum optimism or sweet
now when we look at arbitrum Price
performance in the first year after
launch notice how it had its initial
hype but then quickly price started to
decline and eventually bottomed out
somewhere around the 6month Mark after
launch people will catch on and realize
that the fully diluted valuation for
this airdrop project is very high then
after that first wave for arbitrum in
October of 2023 the pric start to run up
and arbitrum actually started to see
more and more adoption more and more
users and they have started to push
marketing more heavily and launching
incentive programs Etc and that has led
to revive the second wave and I believe
arbitrum will still head higher from
here so Mor of the story is that with
these airdrop projects the first year
will be a tough period to get in as a
long-term investment usually around the
6 to seven month Mark Price should come
down and reach a bottom period and then
the project will start to push the price
up with more marketing again as it gets
closer to the Token unlock event because
the early investors and the team will
need the token price to do well and
become popular again going into the
unlock in order to take their initial
profits there's nothing wrong with this
it's just how the industry works and
once we know how this works you can try
to play it in two ways so if you are a
Trader the strategy I would take is to
wait for the current price to cool off a
bit going into the next few months I
would say 6 to 7 months from now celesia
price should be a little bit lower than
here then you can get in when the hype
fades for Celestia after the airdrop but
the technology adoption actually
increases and then you ride the second
wave up and take profit before the token
unlock happens in November 2024 so aim
to sell in October 2024 now if you are a
long-term investor then I would try to
have an average entry sometime in mid
2024 and look to load up on more
Celestia after the unlock happens in
November 2024 but no matter if you're
trading this shortterm or looking to
hold long term I just think the current
valuation of $13 billion for celesia is
overvalued it's overpriced and it's not
sustainable and that is why I think it's
a great time to take profits from
Celestia and look to enter back in at
lower prices going into 2024 okay the
last category of altcoins I would sell
right now is ordinal and the brc2 token
crates now the brc2 and ordinal hype is
real and it opens up the world of defi
to the entire market cap of Bitcoin
however the short-term hype is
completely driven by the Cates in China
and most of these tokens have no utility
at all they're just meme coins for
example some of the most well-known
tokens using the brc2 standard include
Ori which was the first token launched
on the standard but even to today it
still doesn't have any utility at all
two other br20 tokens that everyone is
talking about are SATs which is honestly
just another meme coin you see on its
website basically does nothing and it's
just paying homage to the Satoshi and
the SATs ticker and this is already
trading on every exchange and value that
$ 1.5 billion another one that everyone
is hyping up is called rats this is kind
of a play on sat as another Meme and
this is already trading at 300 million
with literally not even a website just a
pure token ticker now why is this
happening we have to look at some of the
uh early technology of brc2 and these
tokens there's this protocol called
inscriptions and ordal for Bitcoin that
allows you to inject certain amounts of
data on the Bitcoin blockchain kind of
like metadata it's not exactly written
on chain as a smart contract and that
has led to the creation of brc2 tokens
although these tokens have come a long
way they are still very early stages and
there's not much defi functionality you
can do this is in stark contrast to the
current stage of erc20 tokens on
ethereum which you can do staking
farming trading Etc with bitcoin's brc2
tokens you cannot do any of that yet to
be fair this is very similar to the
early Ico crates on ethereum in the
initial days of ethereum there weren't
any decentralized applications people
were purely launching tokens for the
sake of launching tokens with just a
website this has led to a lot of people
from China and from third world
countries getting into this craze so you
see in China they literally host these
conferences teaching people how to set
up a Bitcoin wallet and how to free mint
these brc2 tokens how to pick them and
uh just by doing kind of repetitive work
by these stay-at-home moms they can
potentially make good profits here's
another example recently with this new
ticker obviously don't don't go and buy
this you cannot even buy it it's most
likely a pure meme but you see these
people are not experienced crypto
investors but they just get together and
try to Mint as many of this as possible
and all of this process cannot be boted
because the infrastructure on brc2 right
now is so early stages right now which
has led to there not being any Bots and
it's really a fair playing Ground for
anyone to manually mint a lot of these
tokens and actually make some small
profits this is why you see tokens like
Ori and SATs having so many holders so
sat already has 46,000 holders very
large number if you understand Chinese
just go on any Chinese social media app
and look up their crypto ticker all you
will see today are these inscriptions
and brc2 crates they don't care about
ethereum they don't care about defi or
game fight or anything else this is
really reaching a bubble stage in China
and my current thesis is that this
bubble will start to pop quite soon
because all these people they don't
understand the fundamentals of these
technology at all and this is why I
would sell the most popular brc2 tokens
today that are freely minted like rats
and SATs and whatever the 10 other coins
pop up every day today however I am
actually very interested in the
technology that enables these brc2
tokens and what the potential of them
could be once defi has fully integrated
these protocols those will have true
potential for this entire Bull Run and
the Chinese grandmas and the MLM groups
are still undereducated on these
fundamental aspects and that's why I
think these are much more value to get
into right now so I'm talking about
things like wallets Bridges
decentralized exchanges defi protocols
like stable coins or Landing protocols
launchpads Etc all of these
infrastructure that are currently being
built for the brc2 and for ordinal I
think those will be really good picks
going to the cycle I am working on a
full guide on the BRC 20s and ordinal
inscription ecosystem and my top coin
picks that are true utility projects in
this sector so subscribe to the channel
if you want to see that we are already
seeing this rotation happening so things
like the multi-bit bridge or movie token
this is the first fun functioning bridge
between the evm chains like binance
smart chain or ethereum to the world of
brc2 with Bitcoin and this token Bridge
Project actually works and you see that
this is one of the most successful
launches in this past month going from 2
cents all the way up to 30 and in fact
we have covered this project in our
Discord as well when we first covered it
it was still under 4 million fully DED
valuation and today you see it's already
trading at $250 million fully dut
valuation so people under understand
that there is this blue ocean for
infrastructure projects on BRC 20s on
ordinals on the Bitcoin ecosystem and I
think soon we will see this rotation
happen and an explosion of real utility
projects on the Bitcoin ecosystem to
summarize the currently most popular BR
C20 tokens like SATs and rats are just
meme coins and that's why I would
totally sell them right now from this
hype wave however I am bullish on the
brc2 protocol and Technology overall and
that's why I will be getting into this
ecos system and doing more deep Dives on
them very soon okay that wraps up
today's video of the top five cryptos
that I would sell right now and I have
given you guys my full analysis on why
they are overvalued and the certain
alternative picks that are much higher
potential and much less discovered
compared to these projects let me know
down in the comments if you agree or if
you are a fan of any of these tokens and
you think I am wrong and also if I have
missed any other overvalued projects
please let me know as well if you like
this content subscribe to the channel
and and also join our Discord with the
link in the description or go to
discord.gg Virtual bacon this is where I
post my free personal Alpha as I'm
analyzing the market as well as our
daily altcoin alerts and Bitcoin alerts
with trade setups that's given for free
and last but not least we have almost
10,000 members in the Discord already so
you can have a community discussion for
any projects you discover okay that's it
for today's video thank you guys for
watching and I will see you in the next
one cheers bye-bye
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