5 Cryptos I'm SELLING in 2024

Summary

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。

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

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

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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

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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