Alpha Wolves #6 | 2024 Bets | Unexpected Meta | Sponsored by Mixmob

Recorded: Jan. 5, 2024 Duration: 1:10:18
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Full Transcription

Yeah, I'm like my boy, that's right, I'm like my boy, yeah, yeah, I was raised by the wolves, I was raised by, I was raised by the wolves, I was raised by, I was raised by the wolves, 8, 24, run through the night, playin' with your life,
I'm goin' against the pack, that's risk in your life, better play it right, yeah, you better play it right.
I was raised by the wolves, 8, 24, run through the night, playin' with your life, I was raised by the wolves, 8, 24, run through the night, playin' with your life,
I was raised by the wolves, 8, 24, run through the night, playin' with your life, I'm goin' against the pack, that's risk in your life, better play it right, yeah, you better play it right.
I was raised by the wolves, playin' with your life, I was raised by the wolves, I was raised by the wolves, 8, 24, run through the night, playin' with your life, I was raised by the wolves, 8, 24, run through the night, yeah, you better play it right.
You said you die for me where there's a ground
Ice on my ribs, ice in my veins
But it's a cold, cold world
And you can be predator, you can be prey
I was raised by the wolves, into the forest
Run through the night, playing with your life
Go against the back, that's risky, you lie
Better play it right, better play it right
I was raised by the wolves, into the forest
Hello, hello, welcome everybody
Appreciate you all being here
I know you showed up to listen to Sam's beautiful voice
But you're gonna get mine instead
I'm Noc, if you don't know who I am
I'm part of the Magic Eden team
Longtime friends of the wolves now
Stepping in for Sam, who is once again sick
Take care of that voice, my man
We wanna hear more of it
We're gonna get started
We're waiting for Johnny from Hustlepedia
But he'll be joining shortly
You're used to these really beautifully crafted
Super alliterative introductions
For everybody that comes on the show
Sam does an excellent job of that
You're not gonna get Sam's version today
You're gonna get Noc's wish.com version
Gonna do my best
Was practicing a little bit prior to the show
And choked on my words more than a few times
But we're gonna give it a go
So appreciate you guys being here
And with that
This is a wolf who fearlessly bears his fangs
Slashing through the cacophony
To unearth genuine gems
In the sprawling wilderness of the crypto world
Much like an alpha wolf
He spearheads the charge
Ensuring our pack pursues only the finest opportunities
And leaves no corner of the crypto landscape unexplored
He's the leader
With an uncanny knack for discerning the diamonds from the dogs
Welcome to the panel
The wielder of wisdom
The invoker of NFT insight
It's Sparksy
That was good shit man
That was very well done
I like that
You've got potential
You've got potential here
Yeah see this is where it all goes downhill
Because the next three ad reads
Are reads are way more difficult than that one
But with that
Get ready to embark on an epic odyssey
With the wolfish wizard of the gaming realm
This wolf's keen senses helped him deftly navigate
The gaming market's turbulent terrain
With the grace of a seasoned pack leader
As the director of marketing of Champions Ascension
And the luminary behind the wolves now
He's no stranger to conquering challenges
As colossal as mountains
With the determination of a wolf on the hunt
He fearlessly spearheads these endeavors
Always hungry for the next opportunity
Yet when the workday ends
He exchanges his professional pursuits
For the heartwarming hustle of fatherhood
His love and commitment to his family
Mirrors the protective instincts of a devoted wolf
Safeguarding and nurturing his young ones
Please welcome to the stage
The curator of canines
The patron of pooches
My good friend
It's Peyton
No last name
But I freaking love it
Let's freaking get it
Wine in hand
Started a little bit early
Let's freaking go boys
You know what's funny Peyton
I tried it
I have some wine in hand as well
I was not going to be able to say that
So we opted to just skip it altogether
Got it man
I'm here for you Noc
I'm ready to pump it up dude
As I mentioned
We are waiting from Johnny for Hustlepedia
We'll share
Or we'll save that intro
Until he gets here
We're going to dive into a couple of things
We've got a really exciting list of topics today
I originally was coming on to speak on a couple of them
I'm now going to be hosting the show
Oh you may have heard my dog
Just slam a ball in the background there
Before we jump in
We do have an ad read from our sponsors
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And with that
We're also going to be going
We're going to be giving away
Two Mixmob bought NFTs
Worth about $250 today
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You're commenting
And while you're at it
Might as well give us a like and a retweet
I'm struggling
I did my best to get through those intros
Retweet it
It'll mean the world to me
So we have a lot going on
It's obviously starting the new year
First show of the new year
There's been a lot of craziness
That has happened over the holiday season
One of the things that people are talking about
A lot lately
Is the red that we saw
In the Bitcoin market cap
Over the last couple of weeks
There was rumors of the Bitcoin ETF
Being rejected
It sort of slapped the crypto realm
Down 5-10% across the board
Sounds like that
That's probably false
I want to ask with
Or start with a pretty broad question here
To Payton and Spark
What did we learn
From this sort of false alarm
If we've learned anything at all?
Let's kick it off with you
From what I understand
It wasn't really so much
The rumor about the ETF
Getting rejected by Matrixport
Or whichever intern threw that out
I think it was just
Like a typical
Open interest wipe
That you see
Like where
Everyone's too leveraged up
And the market comes
And liquidates you
I think it's just
It was like a bull market size one
We don't get those
In the bear market so much
But if you go back
To the last bull market
For those that were there
You used to get one of those
Every couple of months
And it would just wick down
And liquidate everyone on leverage
I think it was just that
The markets recovered pretty well
Like as I mentioned last week
Out of the market
In the lead up to the ETF
And actually jumped back in
Once we had that little dump
I didn't catch
Like the picot bottom of it
Or anything
But I got in
Before the run up
In the last 24 hours
It seems to me
Like the markets
Going into the ETF
So I think I'll be
Holding my positions
Until around then
So I'm not sure
A whole lot from it
I do think that
If the ETF
Is delayed
We do cop a pretty
Decent dip from that
I think like
Any sort of
Straight up
Like rejection
Is going to be
Pretty ugly
Depending on the details
But for me
That's the sort of
Open interest wipe
That people should
Get used to
If we are going
Into a bull market
And there's
Going to be a lot
More of them coming
I think you bring up
And I'll kick it over
To you in a second
But I just wanted to add
I think you bring up
A really interesting
Point Sparks
Because you know
Anybody who's been here
For longer than 12 months
Has seen this
A dozen times or so
So it was interesting
To me to see
All of this mix up
Over the last couple of weeks
We'll send it to Payton
Well I was just going to
Say the same thing
Whenever somebody said
It dips so much
And I just looked back
Like not even last week
We were at the same levels
And I was just like
It's so crazy to me
I was just laughing a little bit
Because you know
If you're not even
Following the markets
Like for like two weeks
We're exactly in the position
That we were
Like two weeks ago
If you took a vacation
In the last two weeks
And came back
It's like the markets
Are exactly the same
And you go in
And like everyone's
Freaking out
And then it's just like
Oh no just calm down
Like like Sparksy
And Knock said
I'm not really here
For like the
I thought this was
Like a small dip
Comparatively
But I'm here for it man
I'm excited for it
You've been in the markets
Now for like two years
Three years now
What do you think
About the whole
Overall like market health
And these bitcoins
Do you agree with Spark
Or do you have
A different opinion
No I definitely agree
I mean I think
As we were prepping
For the show
Kind of just reflecting
On some of the things
That we've seen
Over the last couple of years
And I think
It's almost a meme now
Every time China
Bans bitcoin
We see a bitcoin
Move in one direction
Or another
And you get about
Half a dozen of those
Every year
I think the lesson
To take here
For anybody who's
Relatively new to the game
Or just getting their feet
Wet in crypto
Understand that
This is you know
Par for the course
When it comes to
Playing in the crypto sphere
You're going to have
Major regulatory bodies
Sort of change things up
Whether that be
A net negative
Or a net positive
When it comes to
Floor price or market caps
Obviously it varies
With what's happening
With each individual coin
Or what the news
Might look like
But this is something
That I think
Participants here
Should become accustomed to
I want to ask
Just one really quick question
This is an open question
To the two of you guys
Before we move on
To the next topic here
But if there was one thing
As somebody who is new
That we haven't already said
A new entrant to the space
Who's participating
Who might be scared
Of what just happened
Give me a one or two liner
What's your piece of advice
To somebody who's entering the space
And just witnessed all of that
Probably that
One of the reasons
You need conviction
In what you're holding
Is because
You're going to face
A lot of those wicks
And a lot that are
More sustained
And for longer
Throughout a
Ball market
And it's hard
To not sell your bags
If you don't have conviction
I'd appreciate this
Okay go ahead
I was going to agree
With the conviction play
But also like
Just get a mentor man
Like I think for me
In the last one
The last cycle
And just find a group
For that aspect of things
I was like super nervous
When I was just by myself
But whenever you see
Like people that have been
Two, three cycles now
They just shrug it off
And they just watch
Where the smart money is going
They go on crunch base
They go on
These different types of things
Where like
Okay where's VC money going
Where is like
All the whales going
They monitor on Etherscan
Oh these people are like
Holding their bags
And not really
Like selling off
If you can't find a mentor
Like really get
Really good with Etherscan
And find it
Because that's the one
Thing beautiful about blockchain
It's open and transparent
It's immutable
Freaking beautiful
Yeah I love that last bit
So many tools
At your disposal here
If you can't find somebody
To kind of hold your hand
Or help point you
In the right direction
You're equipped
With the tools
That you need
To sort of get these things
Figured out yourself
Before we jump into
The next topic
I just want to remind you guys
We are giving away
Two Mixmob bot NFTs
Worth about $250
We'd love to hear
Your thoughts
On the topic
That we're just talking about
Should you be concerned
About market movements
Or rather external forces
Sort of influencing
The market
When it comes to crypto
We're going to be
Picking a couple people out
Towards the end of the show
To win one of those NFTs
So let's see those comments below
And retweet while you're at it
Our next topic
Is something that is
Really topical
It just happened
We just recently saw
The reveal
Of the overworld NFTs
I want to paint
Just a really quick picture
Before we dive into this
When typically what happens
The life cycle
Is you get really excited
About the mint
The mint goes well
Or sometimes it doesn't
But in this case
The mint goes well
It's typically
An unrevealed asset
You see a little bit
Of a frenzy
Leading up to the reveal
Of what those assets
And then normally
What happens
Is a mass sell-off
Once everybody
Gets their revealed NFTs
Realize that they have
Absolute floors
They didn't pull a single rare
Every single time
And then they just dump
Because they think
I didn't get anything
Worth holding
We're going to remove here
And we're going to see
If we can kind of
Buy back in
What happened with overworld
Is really interesting to me
Because it almost had
Sort of like an opposite effect
Obviously you saw this
Really euphoric run
From 0.15 ETH
All the way up to
I think it hit about
We actually saw it
Come down slightly
Just before the reveal
And then the reverse
Has happened
Post-reveal
The mint has actually
The floor price is now
Sitting just over 2 ETH
It's up from where we were
Two or three days ago
Before everybody saw
What assets they had
It's actually been
Really confusing for me
To watch from the sidelines
Because this typically
Doesn't happen
What does this tell you
About you know
The art itself
The future of the project
Or maybe even more
Specifically the holder base
Yeah I think
I think with the art
I think they did a great
Job with the art
It's some of the best
Gaming PFP art
I've seen in a while
But I think that
What was important
About the art
They didn't fuck it up
Like I don't think
No matter how good
The art was
That it was going to
Affect floor price
Too much in a positive
It was more
The potential for it
To affect it
In a negative direction
So I think the floor price
Holding up
Pumping a little bit
After the reveal
Is less about the art
More about the holder base
I think it shows
That people
Really don't want to sell
Now the floor price
Has not been
Doing a lot
The last week or so
So I don't want to
Paint it as in
It's been like up only
And then you know
Kept going after the reveal
Being like stagnant
For a little while
Probably because
We're over the holidays
Like no one wants to
Put out big announcements
Over the holidays
But I think it's
It's a positive sign
That most of the
Holder base
Doesn't want to sell
The listing percentage
Is still really low
That a lot of people
Are planning
For the airdrop
And I think
They don't want to
Lose their token
Airdrop bonus
By listing
And I think
I thought that was
The case previously
And this has sort of
Been the first test
The first time
Where we've given
People a good reason
And a lot of them
So I think
It's a good sign
Going into the airdrop
And it shows that
Yeah there's a lot
Of people holding
And Payton
Hold that thought
I want to touch on
Just a quick comment
From the previous topic
Slayer XGG
In the comments
If you're new to the market
The recent dip
And the recent dip
Was your first taste
It's a great lesson
To get used to the idea
That movements
Like this happen
It's something
That I think
A lot of us
Sort of take for granted
In this space
But as a participant
Watching from the outside
It's probably pretty jarring
To see 5-10% movements
Over the course of 12 hours
When in traditional markets
Like that's a great
Yearly return
I want to just
Backtrack for a second
We have Johnny
From Hustlepedia here
I'm sure that there's
A ton of questions
That he's got
As to why I'm up here
And Sam's not
Johnny before we get
Some words for you
I'm going to give you
The quick intro
That we've put together
With the following
Over 650,000
His insights
Is set ablaze
The passion
For the boundless
Of Web3 gaming
But he's not just
A presenter
He's a curator
He's carefully
Handpicking
The most groundbreaking
That light up
To crypto skies
As the architect
Of This Thing of Ours
He's crafted
A thriving community
Where collaboration
And unbridled enthusiasm
Converge in the vast realm
Of Web3 gaming
It's a gathering place
For where the excitement
Of this digital frontier
Finds its home
And where the pioneers
Come together
To shape its future
And let's not forget
Nexus Labs
His brainchild
Where he's unveiled
An invaluable arsenal
For Web3 gaming investors
And enthusiasts alike
It's a treasure trope
Of knowledge
Guiding investors
And aficionados
Through the intricate
Labyrinth of Web3 gaming
He's the boundless
Benefactor
He's the Nexus navigator
It's Johnny
From Hustlepedia
We might have
A substitute host
But the delivery
Is on point
Happy to be up here
Sorry I'm a little late
And Johnny
And for anybody
Who's just joining
The topic today
We're talking a little bit
About Overworld
And specifically
Price action
Just a quick refresher
Typically what we see
Leading up to the reveal
We see this massive rise
In floor price
Typically after the reveal
We see a little bit
The inverse
Has actually happened
With Overworld
And we're sort of
Having a little bit
Of an open discussion
As to why those things
Are going on
Peyton we'll take it
Over to you
Yeah I think it's
It's really amazing
And I haven't actually
Seen a project do it
As well as they have
And I think it really
Comes down to the token
And how powerful
The tokens are
There's even a little
Gamification within
Like the profiles
And also the
Having a little bit
More token
Based on like
Kind of like
I think it's like
The skin trait
That you're able to have
And I think it gives you
Like a multiplier
Bonus as well
And you can see that
Being like 2x
The floor price
Of what everything
It's very fascinating
To see that
In terms of
The gamification
Within the NFTs
Themselves
And I also
Like I think
To Spark's point
The reason why
Also the price
Kind of dipped
A little bit
In the floor
Was also because
We had a huge run up
In Bitcoin
And Ethereum
Over the holiday
Season as well
And this is
Actually something
That I would love
To learn from
Johnny and you
Knock and Spark
Have a further
Conversation
Is that like
You usually see
That you see
The floor price
Dip on projects
As like Bitcoin
And Ethereum
Are running up
And kind of
Fluctuate back
I guess more
Consistency
Overworld was
Sitting at like
Something ETH
And then there
Was a huge
And then it
Dipped down
Below 2 ETH
To kind of
Same dollar
I would love
To just hear
Thoughts on
If you have
Do you want
Where people
Shiny object
In today's
People want
Think people
Make money
The amount
That maybe
Coin season
Just think
But that's
Perspective
Essentially
Individual
Because we
The number
Or Ethereum
Individual
Ultimately
Individual
Regardless
Denomination
Cryptocurrency
Interesting
Participating
Understand
Relationship
Participated
Interested
Interesting
Personality
Groundbreaking
Interesting
Interesting
Allocation
Definitely
Specifically
Everything
Everything
Specifically
Information
Perspectives
Investment
Transitioned
Embarrassment
Tokenomics
Definitely
Tokenomics
Calculator
Everything
Definitely
Background
Background
Mechanically
Cinematics
Struggling
Ridiculous
Especially
Collection
Solamanders
Absolutely
Individual
Investment
Especially
Opportunity
Understand
Understand
Comfortable
Predictions
Absolutely
Generationally
Catastrophic
Predictions
Predictions
Performing
Reasonably
Specifically
Prediction
Acquisition
Understand
Prediction
Progression
Collecting
Integrates
Predictions
Accountable
Absolutely
Projections
Prediction
Predictions
Definitely
Frustration
Sacrifices
Sustaining
Increasing
Communities
Saturation
Prediction
Consolidation
Fundamental
Fundamentally
Prediction
Completely
Speculation
Speculative
Speculative
Definitely
Incentives
Prediction
Prediction
Mainstream
Interested
Consolidation
Predictions
Prediction
Anticipated
Anticipated
Predictions
Especially
Definitely
Prediction
Traditional
Relatively
Unbothered
Extractions
Microtransactions
Proclaimed
Disclaimer
Conviction
Traditional
Underlying
Infrastructure
Conviction
Perspective
Interested
Infrastructure
Personally
Perspective
Screenshot
Collecting
Progression
Blockchain
Experiment
Prediction
Prediction
Understand
Definitely
Definitely
Potentially
Colloquially
Eventually
Experiences
Underestimate
Hypercasual
Prediction
Hypercasual
Discussing
Experience
Experience
Orchestrated
Successful
Collaborating
Connoisseur
Co-founder
Brilliance
Trailblazing
Mastermind
Incredible
Introduction
Reflections
Appreciate
Innovative
Consolidate
Department
Validating
Broadcasted
Excitement
Particularly
Particularly
Innovative
Traditional
Traditional
Perspective
Progression
Eventually
Necessarily
Innovative
Themselves
Experiences
Predictions
Prediction
Prediction
Retrospect
Twitchable
Competitive
Innovation
Tournament
Hearthstone
Competitive
Competitive
Twitchable
Tournaments
Components
Kickstarter
Fundamental
Profitable
Profitable
Blockchain
Incredible
Governance
Participating
Regulations
Prediction
Broadcaster
Everything
Broadcaster
Broadcaster
Prediction
Innovation
Incredible
Influenced
Interesting
Particularly
Dominating
Especially
Potentially
Dominating
Influenced
The ending
Interesting
Specifically
Competition
Background
Understand
Interesting
Absolutely
Traditional
Incentivize
Incentivize
Incentivized
Traditional
Blockchains
Incentivizing
Everything
Participate
Explanatory
Participate
Incentivize
Friendliest
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