It's been too long, friendo.
What kind of chaos are you accomplishing lately?
I'm trying to avoid the authorities currently.
Apparently, apparently Moon Rabbit has been, uh, has been, uh, doxed.
We're just trying to, we're just trying to deal with the repercussions now.
Mexico has a extradition thing with the U.S., I think, though, right?
Don't get one of those Mexican jails.
So, uh, Texas does not have extradition to Mexico, so I'm good.
Oh, you're running from Mexico.
You're running from Mexico.
I'm in Mexico, because the United States is now, uh, a met, like, a third world country,
so I'm going to an actual third world country to save me from the new third world country.
That makes perfect sense.
It's, it's actually quite poetic.
About to get rich or what?
You're, you're going in and out a little bit, but yeah, you're there.
I was, uh, just, um, ecstatic because I actually went in on a coin, uh, that was created by
Paulie just 20 hours ago called pork pork.
It's almost up like 3000% as we speak.
It's almost going to 100 million market cap.
I don't know if you're able to look at the chart real quick.
Time to dump that thing or what you're talking about.
Well, I don't basically over just the buys that keep continuously keep coming in is insane.
Oh, look at the Twitter handle pork zero X. Oh, but what's the, what's the ticker?
Like how do you look at the chart?
Um, I don't know about rug pool, but it's been, it's up around two thousand X. I mean,
I swear to God, look at the chart.
Um, what's a, what's the, like, is it pork?
It's, uh, the website's a pork coin.com.
And it's market cap is what it's almost at 100 million in less than 23 hours.
You're going to write or digest thing or what are you doing?
Well, the last project, he took it to a billion.
Write it a little bit more.
Uh, this, well, this is always the last project that he took.
every week with like a new project or no, this is, no, this is,
no, this is, uh, this is new.
He hasn't, he hasn't told like, uh, deck.
Could you, could you tell me about next project?
Because this one seems like it's like it's over, right?
And like, we should find out about tomorrow.
I just wanted to look at the chart.
Well, um, I mean, there's not much to chart.
I mean, the thing just came out, right?
So it's like, uh, market caps supposedly 89 mill,
Um, I don't know why coin market cap says this thing has,
is like 60 million volume.
That sounds like fucking ridiculous.
Like doesn't seem to sound right.
No, no, that was about same.
Like a lot of big players that've been jumping into this point.
So that, yeah, it might, it might keep running.
There's plenty of action going on here.
Clearly someone was trying to dump their early coins.
Cause like, otherwise you don't get that kind of volume.
It's like, right now I got you.
But at the same time, like this only came out what today, huh?
It came out, uh, it came out last night around, uh, eight 30 Pacific time.
So it's kind of pseudo volume then probably just kind of some bullshit
number, but yeah, it's interesting.
What was the whole point of this thing?
It's like, uh, it was a fork, a fork of Pepe.
You know, a pet by the coin.
So he, he kind of wanted to show, uh, show the, the Pepe devs.
I created that coin that what he is capable of.
They were dumping on the convenient community for quite a bit of time.
It was just trying to show them.
So this is kind of like, we're going to take people's money and like have
them go into this instead of the Pepe.
And if you look, if you look at Pepe, that thing's, I think I've seen it
going on a red candle for the last.
So this is like a, like a, like a changing goal post constantly, right?
Like, like every week we're going to change the goal post and we're like,
no, no, just, just kidding.
Is that, is that what we're doing?
In a way, but I mean, he's built like in so ecosystem on a deck.
So it's going to play back.
Well, as long as he creates an ecosystem on the decks, fucking right.
He can, he can change the goal post every week.
Are you up like big money or what?
Like, what are you up right now?
Uh, I would say I'm up about close to 900%.
Did you put, like, did you put heavy money in this or just like fuck around?
Cause the slip is crazy high.
Like I didn't, I thought I was going to take a risk, which I obviously was at
the beginning, but I'm going to, I'm going to hold on to this for a little
If it's not a lot of money, you can probably write it a bit because it's
It'll, it'll run for a while.
It's kind of, it's, it's recycling a lot of volume there.
So it's probably fine for a bit.
It's probably like check it out within a week and see if you can check out of
I was going to ask you about link.
Um, you think it's, it'll retrace further down to possibly, um, well, like, so
to, like, that's what I was looking at.
So today, um, well tomorrow is of course the 31st.
And, um, so on the monthly candles, the way these things get drawn out, you
know, in order to get a, we have like a pretty substantial sort of like hammer
I mean, the, we went already down to like $12 this month and then pumped all
the way back up to like, I mean, where we are now, 15, 80 and 15, 80 is where
I've had my fib line for like the last, I don't know, like, like a year,
So like this level is kind of like, you know, just a resistance level,
whatever it was expected, you'd have some, um, you'd have to spend some
time here to sort of bust through all this.
And then like, if by tomorrow, if we can punch like to 18 bucks, like if we
can make a green close on the monthly, like, which, so last month's high was
like 1760, we could get to about 18 bucks by tomorrow.
Um, then you'll have a really, really super bullish candle because you'd
basically have a full engulfing for the previous month and you don't, you
know, you've already retested a fib at 12.
So I think it's like, just it's moon time if we do that.
So I think like, if you print a nice decent candle tomorrow, it'll, it'll fire
off everybody's indicators that, you know, holy shit, the money's coming over here.
And link is one of the few green coins today on the, on like, on my list.
So I think what's going to happen is, um, the people who are going to get wrecked
are the folks who are in coins that already ran for last year.
I don't have a great feeling about those.
Like, so if you guys recall, like, like 2020 linked, like ran big time
and it ran up to about 2021 and it topped out about 53 bucks.
And then, you know, it was kind of like early to the party.
Like it ran before everything else and everyone was pissed because like the
second BTC, you know, double top back in 2022 or whatever, like everyone was
pissed because link didn't do that.
You know, it didn't perform as well as everyone thought it, you know, and
like, oh, Sergey is dumping and all this other nonsense.
So as if like other chains don't have people dumping or inflation or whatever
the fuck else, like everyone has some cell pressure, but so things that run kind
of early, um, are gonna basically, there's a very strong chance that they could
fucking just, um, like wither out for a long time.
So I think that's the danger.
So the danger would be in stuff like things that have already run would be
like injective and you know, like fetch and Solana and whatever the fuck else.
Like the reality is like, everything's already up a fair amount for those.
So either they have like hit all time high or they've come close and, um,
people look at that shit and they're like, wait a minute.
Like, you know, where's the higher ROI going to be?
You know, if you have like a farther distance to go to prior high and
especially if it's, you know, a project that's active and has shit going on
like chain link does, it's just the obvious play right now.
He's like the most silly shit.
And there's like people fudders out there, which are funny.
Like they're like, Oh, Sergey didn't do this.
And he didn't promise the community that.
And he said, fuck on, you know, he said the word fuck on a podcast and he was
disrespectful to community.
Like Sergey needs to have some balls and just fuck all those people.
Like, you know, like this is just nonsense.
Like so the autistic people, what they're going to end up doing is like,
not the autistic people, the, the, um, yeah,
the autistic folks are going to be fine.
Cause like, that's what Sergey is.
He's kind of like, he can't read the room.
He's kind of like whatever.
And then the people that are going to get fucked are the ones that are going to
be like, Oh no, I'm worried about Sergey dumping and whatever.
They're going to be under allocated big time where it's like,
linked is like the biggest fucking easiest play in the entire crypto space
Like how easy it is to make money in this now.
Link is like the one coin that I don't worry about.
That's why I don't have to like make any art.
I don't have to fight with anybody.
I don't have to like look into it.
I'm just going to keep buying more, more, but like, look, you know,
like I gotta, I gotta be on top of this shit.
You got to keep the shilling going.
No, no, I gotta, I gotta keep friendos in order, you know,
because everybody's like fucking like grifter, you know,
But like, but like, I don't have that problem.
Like everything is smooth sailing, but my eyes are a monk.
Because the game here is like,
I think the stuff that's going to do well now is the stuff that ran like
And stuff that ran in November, that's really pulled back a lot.
A lot of alts have been sideways and stuff, right?
So everyone, everything looks sort of ready to pump to some extent.
But as far as like the most obvious stuff,
it's things that are sort of like have moved the least from the all
time highs are sort of the least risky.
So it's like with link, you can just basically like,
you can get a gigantic amount of money.
so it's like with link, you can just basically like,
you can get a gigantic bag of spot and just sit chill.
It's like safer than the stock market at this point.
The stock market is fucked, man.
like everything's going to go down potentially.
It's like, and then like crypto is just poised right in that spot where
like a fair amount of ults are sort of yet to run.
And it seems like there's like a variety of plays that are sort of like
the low risk in my view, like the low risk area.
I think at this level is probably like rune, for example.
So rune ran around the same time linked it.
it's had a good chance to retrace like the thing rune went from like,
it broke out like in October,
So it went from like a dollar 70 to seven 20 and then,
and then it pulled all the way back to like three 80.
And now it's at about four 60.
So all the stuff that's really already had a nice pullback like visually
looks the least risky so that you can like throw a bag in there and like
just get, you know, forget about it almost.
link with all its pullbacks that it's had is looking beautiful like that.
Like it's, you know, I mean, it dropped all the way from what 1767 all the
way down to like $12 back in like the, the third of the month.
So it really dumped hard.
Cause that means that like killed off all the leverage longs that you could
And you want like more time to pass.
So more spot buyers arrive.
You don't want the fucking leverage people sitting around gambling the whole
time. You need spot buyers to show up so that like, cause cause leverage longs
are just simply future sellers.
So like if someone takes a leverage long at 15, you know, like they're going to
be compelled to sell at 31 cause you know, if you can make a two X on a leverage
position, you're going to, you're going to try to sell,
which is why you wind up with these resistance points at these FIB levels.
Like, you know, around two X from here, you're, you're going to see sellers.
So I think like for a link, like if one was trading it, you'd probably just say,
okay, I'm going to sell it at 3164 or $31,
something like that where the next FIB is.
And then we're actually, there's one at 21 as well, but like,
I think we'll blow through that one relatively quickly.
I think the obvious play here after consolidation is two FIBs up.
And I think like 3164 would be like a sell level if you wanted to like take
And then you, you would potentially be able to buy back probably as low as like
21, I would think now that the only way that like that could go wrong is if we
just fucking run all the way to all time high.
Like if we just go straight to 53 bucks, that's not out of the question.
I mean, last time in 2021, when we were at this price level at like 15 80 or
whatever, like, you know, if you look at January 8th, 2021 is when we were kind
of at the level, we sort of like head off from that price.
And by May 2021, like not just four to five months later, we were at all time
high. So like you could be at all time high for link, like within four months,
four months, no sweat, like it wouldn't take much at all in this space,
especially if like everything else is sort of stagnant.
BTC is sort of riding fine and, you know, or flat.
And then like other shit that has already run up is retracing.
Then people are going to look for the thing that moves, right?
And when something's moving, then everyone jumps in.
That's just how this works.
So like, I'd say like if link passes 21, it'll run fast to 31 or 30, you know,
and then I was doing some calculations and shit.
So like, if you look at 53 down to $4.76, that was its pullback for the
season for the bear market.
That was a 91% retracement.
So that's very similar to sort of like an ETH retracement.
And if we pull an ETH like move of like 5,000% growth this season,
which would be gigantic, that would imply the market really loves chain link for
whatever reason. Then you're at $234 at the top.
If we're not as big as ETH and it's like just we just run two FIB levels
above like in two extensions about 53 bucks, we're at $143.
I think $143 is probably the rational destination.
That'd be a 10X from here approximately.
And then like, and from the bottom, it would be like 20X.
Actually not even 20, more than 20X because it was like 5 bucks or something
Anyway, but most people got averaged in the last year and a half.
For Link at least, probably about 7, 8 bucks.
What do you guys have as average right now?
In Link, I have about an average around, I'm going to say 30.
Oh, so you still have some bags from before then?
Okay. Yeah, I think you'll get back to that pretty quick.
How long are we going to pause at 30 bucks?
It's like, are we going to go like a few months over there or we can just
blast through and just head to all-time high straight?
That's quite possible because really like everyone's had a chance to sell
that wanted to sell back, you know, like who capitulated and shit, right?
So it should be all right.
But I don't know, like I'm not willing to gamble with Link.
Like the reality is like there's only so many coins that have such gigantic
sort of just, you know, growth potential and sort of like good teams and all
that. It's not some sort of like scam or whatever.
And it's not like some sort of like just one more layer one like Solana or
People are super, super like wildly bullish on Solana for reasons that are
But at the current level where Solana is like, let's say you're a buyer today
and you're like, okay, I'm going to buy Link versus Solana today.
Like I mean, I could have a little bitty bag in that.
But I mean, Jesus Christ, like if you get back to all-time high, you got to
get to like 250 or 103 right now.
It's so much more multiples on Chainlink right now at this price.
And you know how it is when a bull market runs, everything fucking runs.
Just get the stuff with the most multiples with the lowest like risk
Because like if you have the market generally dump, you know, I think like
the worst Chainlink does in terms of a dump at this point is maybe $12, I
So it's like, you know, I cleared up some stocks and shit that I'm in the
Stock market looks cooked, you know, baked at this point.
Like there's nothing left in the life to grow in the market.
I think there it's like everything's just pumped to high heaven in the tech
sector and all that shit.
Everything's about to dump.
All that shit's going to go to pot.
Like AMD, I sold like pretty much at the top.
That shit's going to dump into oblivion.
I mean, 1500 PDE ratio, what the fuck?
It's basically a dot-com bubble over there.
So stocks just aren't really like the tech space right now is just not safe
I've been adding to it and that's been working out fine.
But and there's enough like hype and growth and like all the shit they're
doing with CCIP and what is it, Deco and all this shit with privacy and stuff
It'll just have narrative after narrative and they keep pumping out like every
time one of those build program things like create some link like they create
some sort of CCIP connection or something with some new protocol like they're
posting something online.
Like the linked accounts posting something like what?
Every other day pretty much it's interesting.
So how many protocols are doing that shit?
I mean, I watch everything around here and it's like there's nobody fucking
putting out as much content as Chainlink.
Like nobody that I'm aware of.
Like if you guys know somebody else, let me know about it.
The quality of the content is extremely good because like the stuff that they
put on is not just like random shit like, oh, we got listed on a sex.
Like it's like, hey, you know, we're doing this.
But but yeah, I don't worry about link.
Well, link is the other thing is it's everywhere.
So like listings wise, they're like it doesn't have to prove legitimacy
The only thing that maybe it has to prove, it's not that it's just not some
sort of dino coin or whatever.
And that it's just not last season's toy.
And like that this season is going to be the big sort of run for link.
That's what that's what they have to prove.
And I think they're doing a good job proving that.
Like I say some of the butters bitching about, I don't know what.
Do you guys pay attention to crypto at all?
Like, have you been to any other protocol?
Like, no one's doing shit by comparison.
Like, seriously, who's their competitor?
PIF is PIF is now doing like cheaper Oracle services for like.
So Chainlink services relatively expensive comparatively.
And and like a lot of the growth of Chainlink, like a lot of the fees that
charge people, they're using those fees to sort of like fund operations
So they're not Serjay is not just dumping on everybody.
They're actually using the Oracle fees.
People were bitching before that like the coin doesn't have like direct value
accrual, but they're working on that now.
I think they're doing a good job building that that narrative up and that
concept up so the coin holder gets benefit.
And then like the but the competitor PIF like PIF, I don't know how you
PYTH basically has Oracle services very similar to them in the Oracle side,
but also similar to other companies like Band Network and whatever.
The trouble is like these services, we don't know how battle tested their
their so-called competition is.
Maybe they're pretty good.
But thing is, link is going so far beyond Oracle's now.
You know, they're truly trying to Chainlink literally everything.
And that's a really much more interesting narrative than just simple
Oracle's like or you know, just simply doing Oracle's is something that
What you can't copy that easily is network effect.
So like if you connect all these different blockchains and and tradify
and shit with with CCIP like that's a hard thing to copy because that takes
a lot of business development and shit.
And if you think about it from the perspective of like let's say you're a
company like, you know, you're a thing like Swift or you are, you know,
DTCC, the stock clearing, you know, company or whatever, those big
organizations, they don't want to fucking deal with like a bunch of little
That's not a thing, right?
Like they're not going to sit there and like, oh, let's tokenize our stock
and put it on Solana and let's do it also on Ethereum and all this stuff.
Nobody wants to have like a dozen different protocols for any kind of like
securities or real world assets.
That shit's not going to happen.
Like, I mean, have you ever worked for a company?
You know, people in the blockchain space, sometimes I feel like nobody fucking
has a job or doesn't happen, like doesn't run a company or nothing.
Because like if you knew how how difficult it is to sort of incorporate
even basic, you know, sort of accounting type things, you know,
tax reporting things and all the other shit that has to go into this stuff.
Like, you know, it takes a lot of work and nobody wants to like if you're if
you're on your business, for example, like, are you going to use QuickBooks
and NetSuite and whatever and you're going to try to connect to all these
No, you're just going to figure out who can offer you the most connectivity
and then you're going to find the thing that works for your business.
And then like typically companies like QuickBooks and Xero and stuff like
this, like online accounting companies have done great.
Why? Because they can connect to fucking everything.
They can connect to payroll services, they can connect to your bank,
they can connect to credit cards, they can connect to, you know, whatever.
And like any new software that comes out, like, you know, business management
software tends to connect to QuickBooks, they tend to connect to Xero.
So therefore, those things get network effects.
And once they have that network effect, it's very hard for a new company to
come in and bust in there, right?
It's sort of like being an operating system like iOS or Microsoft or some shit.
Like once you're the de facto operating system, it's really hard to get everyone
to do it a second time and a third time or whatever.
Like, look at all of us, we're either probably on an Android or an iOS phone
at this point, right? It's that simple.
So I think Chainlink has that mover advantage where, you know, like, is anyone
else at that scale doing what they're doing with like, you know, they've been
meeting with Swift and DTCC for the past, what, two years?
They've done different videos with them.
And it looks like Swift and DTCC are legitimately interested because both of
their websites have Chainlink content on them, which is impressive.
So none of this stuff is things that like the average crypto user is going to
understand. They don't know what the fuck any of that stuff is.
But I can say this much like the smart money who's going to like people that
are going to put in millions of dollars into the coin if they want to like
really invest heavy like hedge funds or whoever, they're going to understand
what that shit is. And they're going to realize that, wait a minute, nobody else
is doing anything like that.
So like even Raoul Paul, you know, who has, you know, that real vision show
and he's the billionaire or whatever that was like touting ETH last season.
And now he's sort of jumped on the soul band.
And he has a good time like just on a pump in his channel or some shit.
So he likes to talk about a coin here and there, but he doesn't take any real risks.
He doesn't like to be seen as the guy that like, you know, thinks Luna is
interesting and then it crashes.
He doesn't like to be the guy that like, you know, will put his fucking balls in
the line, like have something go down.
So he just picks whatever popular thing there is.
But it's shocking to me that like even a guy like that like hasn't really thought
about where where link is in the whole scheme of things.
So I think that's why like the opportunity is so good with link now.
It's like you have this asymmetric bet where most of the space seems to have
forgotten what link is, has no fucking clue what they're doing.
Most people don't even realize that Chainlink is not a blockchain.
And there's like a whole like series of interesting elements that have come
To me like this is sort of like one of my biggest bags now because like there's
not a lot of other things that seem that interesting.
Like I have some coins and things.
Obviously I've got some Kuji and Zephyr and this and that.
There's going to be a lot of stuff that moves when the market picks up.
But like what is likely to keep moving if like the stock market crashes and let's
say there's some banking crisis and there's some black swan or some shit.
I think link has an opportunity because it's already sort of like built a
consolidation range of the 12 to 16 range.
I think the sell pressure is pretty much nominal at this point.
And I think the odds that if the market crashes that Chainlink continues to run
This would be like what happened in 2020 and basically 2024 where we are now is
It's like having a year and there's a pretty good likelihood this is links time
to shine because everyone's been bitching about link not how it didn't do as good
in the bear market or didn't do as good in the last double bubble with Bitcoin.
It didn't put a double top in like BTC did.
It just sort of dumped in like it just dumped more.
And I think it's because Chainlink ran heavy and a lot of the early buyers of
Chainlink like venture capital and whoever the fuck else you know galaxy
digital of the world they dumped on everybody.
I don't think it was Navarov and his team that necessarily did all the dumping.
I think it was just early VCs and all that shit probably dumped.
And that's good because like a lot of those folks are out of the game now or at
least they have probably like unloaded some of their bags and they're probably
some of the smart money that bought at the bottom again and they're going to
basically get hold for another run up.
For the past what five years or whatever like however long it's been out.
So I think nominally it goes to a hundred hundred hundred and two where its next
fib is but reaching prior high.
I mean that's already like what that's a three extra here or something like a
little more than three acts.
That's a pretty good risk ratio to me.
So that's kind of my theory here like it's it's such an easy buy even at this
price it's an acceptable buy in my opinion.
But it's like right here it's a fifteen dollars and eighty five cents at this
It's basically hitting right up against like so that the fib that I have drawn
here is right at about fifteen.
Yeah fifteen eighty eight is exactly where you know I have like a very
specific fib like and I do it quite exact using I used Binance's price chart
has pretty high volume and pretty specific but I think a lot of people that
are on leverage on by Binance and stuff.
So it's a good like marker for doing charting and stuff or a good benchmark
for doing charting and whatnot.
But yeah it's like we're now what this is the one two three four five six seven
it's like this is like you know how many days we've hit up against this line
like pretty much since November till now we've bounced against this resistance
that's like I don't know a dozen days like or more.
So like this is just a resistance that's just has to break at this point.
So I think the leverage players are going to play in now.
So what will happen is so like all the spot buyers will have their bags
and then people are going to come in and take on 5x and 10x leverage and shit
which means that you don't have to have nearly as much money to move the market
upward now once the leverage players are showing up.
And so they're going to play the breakout pretty much.
So I think like a true confirmation here would be like if we close about 18 bucks
and particularly like if we jump past a fib at $21 it's full confirmation.
I think you're going to get a lot of leveraged trades emerge at $21 leverage longs
I mean and I think there's a pretty good odds that you run from 21 to 31 pretty quickly.
It's just the nature of how these charts look.
Like where would a person on leverage take that leverage?
That's probably where they're going to take it.
And here like everyone just waiting for confirmation and shit.
Oh we're going to go back down to 12 again.
You know what's going to happen to BTC blah blah blah.
You know so people are kind of like a little squeamish right here.
But link is definitely showing strength compared to everything else at the moment.
Like if you pull up the link BTC chart for example.
Yeah you've got a nice like breakout from sort of bull flag on the link BTC chart.
If you look at link ETH I think it's the same thing.
You've got like a bull flag break essentially on it as well.
What about link in comparison to Lunk?
I mean I mean a lot of people want to know you know I mean.
The way you do this on trading views you type in Lunk link USDT divided by Lunk USDT.
Okay yeah we're just curious.
And you just hit enter and it's going to tell you.
So right now so yeah we're not so.
Previously Lunk had a good run and it's sort of like topped out.
Link did a pullback and now link is rising very fast against Lunk like like quick.
So it looks like it's going to break out versus everything.
Link look like it's ready to like it's ready to go.
But they're like they're like brothers because like they're Brian right.
You should probably buy both because.
It's not going to show your Lunk thing huh.
You need that thing the moon to save your life I think.
This is the only reason I show up the spaces.
Yeah just to make sure that people pick up your Lunk ticket.
But yeah I think the other thing too is like a lot of microcaps that have pulled back.
Things that ran in November I would definitely be paying attention to all of those again.
So whatever shit you have that ran.
That has done a nice pullback.
That's where you start entering now because.
People look at this as they're going to be like OK wait a minute like am I going to have higher upside with BTC.
Or am I going to have higher upside with the alts.
And you know and I think like you know yeah you could get a all time high retest of Bitcoin at this point.
That'd be super bullish for everything.
But that's not a gigantic move in terms of ROI because if BTC runs to six nine K.
I mean chainless going to all time high.
Everything's going to fucking moon because like people are going to pour money in like left and right.
If BTC goes sideways which you know is quite possible.
You know it's because it's been running for like the past year.
Maybe it cools down for like six months or something you know into the happening.
Then everything then the alts run anyway.
So if BTC goes up alts run.
Alts run at this point like chain links chart looks like it run no matter what anything else does in all seriousness.
Like it doesn't make any difference.
What BTC or ETH do at this stage because like the consolidation looks so pretty.
It's just obvious and I think it's showing that strength right now.
It's like everything else I have in my list is like down one to two percent.
Chain links up two percent today.
So it's definitely wants to do its thing.
Like I don't worry about it.
You know like I love to learn about it and everything.
But like and I love to hear you talk about it.
Yeah I'm just doing link porn here.
This is just for people that need a hard offer.
You know a little opium right.
But like link is like an actual project.
You know like you know what really turns me on about link.
It's that whole thing like like what's that shtick that they're like promoting.
It was that TCCP or I don't know what that is.
But like you know what I'm talking about.
So they're trying to like liken it like that right.
Yeah they want to be the internet protocol of finance sort of like how IBC wants to do that sort of.
And that gets me so hard.
You know what I mean like that.
Because what we need to make crypto really moon is you need to bring in stocks is what you need.
You need stock trading fractional stock trading in the crypto space.
And you need to be able to like run bots like Bitcoin versus you know Apple or some shit.
You need to be able to do all that.
And that's going to that's going to create gigantic amount of increased financial activity if you have tokenized stocks.
If you don't have tokenized stocks everyone's gonna be fucking around with their little shit coins.
You know their little meme coins and whatever.
And I can tell you this like your Pepe coins not going to make you know it's like Pepe is not going to make the fucking crypto market moon.
It's just not a thing. Right.
Like you need to have like trillions come in and really sort of like ramp everything up.
And I think chain links are the only company really doing this.
You know I could. Yeah I agree.
I could only see chain link doing that at this point because I look at everybody else and everybody's being silly.
And it's a lot of fun and everything.
But like link is like wow okay.
If link moons it also sends a message to the rest of the companies that are dealing with them.
Whether it's the DTCC or Swift or whatever.
It just says that the crypto market is mature enough that they care about these things.
And that makes those companies more interested as well to bring like real world assets like you know gold backed coins and you know these kind of things.
And then when you have those you can make all sorts of cool trading bots and things and run tons of transaction fees on all these various networks.
But like there's a limit because the thing is like you can now print infinite tokens.
I mean like you know there's a meme coin that comes out literally every day.
So it's like you're going to have something printed every five minutes and you know how much capital is going to flow into all these little things.
Not much like because the name that brands are all being diluted in a sense.
And even the stuff that's run up so far this year like some of the layer ones and things.
Injective and Kuji and all these things.
They're pretty cool and I have my bags in these different things.
But man like like there's so much attention divided between all these chains.
It's hard to pick like like even the YouTube videos and stuff.
Like what are people going to watch?
Like how are they going to be attracted to these names?
And I think like at least Lync differentiates itself in this marketplace of infinite layer ones.
I was also doing another little set of calculations.
I was looking at like okay what would be the new bear market low for next cycle if we have a run this time.
So let's say we have a traditional bull market where everything pumps and runs.
So like if Lync gets to like $143 level which is one of its sort of fib extensions.
Then an 85% pullback which would be like you know similar to an ETH pullback.
Second cycle pullbacks aren't as deep as the first cycle.
So Lync's first cycle the pullback was 91% like I mentioned.
ETH's first cycle is a 95% pullback.
Actually so Chainlink performed better than Ethereum did from top to bottom like in terms of retracement.
So if you were a holder and you're bitching about Lync you would have bitched even more if you had earlier Ethereum.
I promise you that like Ethereum fucking sucked in the beginning.
The thing pulled back like 95% even worse than Lync.
Let's assume that this the next cycle it goes to some pump and it pulls back to about 85%.
So if you go to $143 and pull back 85% that is a pullback down to $21 Lync.
So we are undervalued relative to future bear market low for Lync at this moment.
If it runs to like it does a full ETH run like 5000% from the bottom.
So $4.76 all the way to $234 then that's a 5000% increase which would be very similar to ETH's run back in the last cycle.
And then if you get to that level if you pull back 85% I was just sort of looking at these numbers.
That would be a pullback to about like 85% would be about $35.
So really like the $31 level would be theoretically you know somewhere between 21 to 32 is the future bear market low for next cycle.
So like you can start predicting how these things move to an extent and sort of start figuring out where the new higher low is going to be.
And I think a higher low for Chain Lync sitting somewhere in the 21 to 31 range would be very good.
Now really really good would be if Chain Lync runs to something obscene like $590 which is like for FIB extensions.
And then pulls back to like maybe $101 which would be a higher low.
So like the most bullish sort of chart is always up and to the right but also a higher low that is actually higher than the previous bull market top.
So $53 would be the bull market top.
Retesting that in the next bull market would be like that if it only hits 53 it doesn't go below that.
That's just ultra fucking bullish right.
Even BTC did not do very well in the sense that like the 2017 high was $20,000 and BTC pulled back you know during the bear market of this last cycle.
It went all the way back down to like what 15K which is really terrible performance actually like it's like shit performance in my opinion.
So I think maybe it was because like when BTC first ran to 20K it was more like the markets were much more illiquid back then and maybe that number was just bullshit.
So like maybe the 20K BTC just simply was not supported by any real liquidity.
And so retesting 16K you know like the 20K in 2017 was just an anomaly and just a gig of hyper pump you know like a tulip bubble type of thing and it made no sense whatsoever.
So like maybe the last BTC run up and the new higher low of like 15K or whatever that's a more sane like meaningful level for it.
But yeah if link in particular can run strong and then come back down to maybe retest at most like let's say $53 that'd be very very impressive.
Can it do that? I don't know I'm not really sure.
I think it really depends on how much this universal gas token thing plays out and how much everyone feels like they have to have some link in their wallet to do transactions and I think that's the vibe.
So let's say for example the whole CCIP thing let's say MetaMask and these different wallets or whatever incorporate all that then what that means is you would be able to use Chainlink in your wallet and your your wallet should be able to automatically convert Chainlink to anything in the background that you need.
So link can be converted to ETH and whatever else and the beauty of that would be like no matter which DeFi protocol you're in theoretically that has incorporated CCIP you'd just be able to have link in your wallet and be able to do it.
And then in the future there'll come a point where it's like you get a network effect of that it's like why the fuck would people want to have a dozen different gas tokens if they can hold just one.
This is where Cosmos has failed so like in Cosmos that we have like 50 different chains which is awesome but none of the chains have it like as a general protocol rule.
Like maybe what should have been done was they should have made the universal gas token for all Cosmos chains Adam instead of having like all these other coins.
Like it'd be one thing to have like Kuji and you know injective and shit for like network security but to use those as gas tokens also means that Adam did not have the effect of being the universal gas token.
It made the user experience in Cosmos shit because you got to jump between a bunch of shit and you have to have like TFM and some of these bridge out you know these aggregators or whatever to like convert all your coins.
And then like what happened was is that it also created like this disjointed system where nobody cares about the Adam token which when you do that the problem is you lose the memetic effect of the of having a community.
So if everyone's rallying around like one coin that's going to moon the benefit of that is like everyone's posting about it new investors are like okay I want to buy that because everyone's posting about it.
And you know it just the whole thing is just a rising tide raises all ships kind of thing and then it just like blows out.
But what we lack in Cosmos for example is that unifying coin and a unifying flag you know for the meme effect.
Oh what the fuck wait is it too late to make Cosmos the universal gas token for Cosmos or no it's been it's been brought up like you know Adam can basically go to any chain easily the IBC that's straightforward.
But the thing is like it doesn't appear that anyone has wanted to make it a gas token and which you know doesn't make any sense.
The user experience blows when you when you can't use Adam's gas token basically like it should be gas token by default on every chain my my view.
Oh wow yeah agreed yeah because like that basically that's what link is doing and Cosmos is not doing right. Exactly.
This is why I like I'm more impressed with chain links vision for this than I am with the Cosmos vision because the developers and all the various chains they're just kind of fucking around and.
But but is it too late for Cosmos it's not too late right now it's not too late I believe they ought to like they should get a you know an agreement between as many chains as possible that.
You know we all want to make it easy for the new user to come and play and we want to make it possible for you to use Adam for on every chain is gas.
So if you have a way to hard code that into the system into the actual cosmoism like into the base layer of the Cosmos chains and everyone upgrades then the cool thing would be that like you could use it universally.
Because you can use it now like as long as there's a deck you can move Adam to any any decks in the cosmos chains and you can convert it to injective or kujiro or whatever and people do that.
But at the same time it's like very fragmented liquidity.
It's the way chain link systems going to work is the link tokens the background are going to have a lot of liquidity tied to them.
Right because they're all there in the background sort of floating around back there and you can tie any coin you want.
So the way the way CCI P works is okay so imagine there's an invisible decks hiding in the background and.
You know you're injective and in or long let's say your Luna classic and the Luna classic you know chain decides to incorporate CCI P.
Then all you gotta do is provide some of the community pool let's say a million bucks or ten million bucks worth of one tokens and pair them and they'll pair them in the background with link tokens and you'll basically have like this invisible decks in the background.
And when you connect to CCI P that that means anything connected by CCI P can be brought into your chain as a token.
So for example USDC can be brought in packs gold you know gold can be brought in you can bring in whatever like you know any ask any stock that any stock trading thing that chain link connects you'll be able to bring in anything on arbitrary polygon and whatever all those coins can be moved here for back and forth.
You could if you made like the NFT platforms for example on the chain CCI P enabled then you could sell the end of the same NFT can be sold like on a CCI P enabled NFT decks or whatever a trading platform on polygon for example and they can come sell on Lunk for you know so think you know you really make it like a lot easier to move assets back and forth and.
Yeah I think like whichever cosmos chains do that really early are going to be successful and the only one I know that's done it so far is some some S.O.M.M. is a token.
Zuckey's a well known you know cosmos guy and he's the one that runs that and I didn't realize it until I went to chain links website I didn't even realize that he had incorporated there but the reason why he would do that is because he can bring assets for trading purposes very securely into his chain which is really like.
Focused on ETH assets it's a cosmos chain but the traded assets on there are like vaults with Ethereum and like you know wrapped Bitcoin and shit like that so the trading vaults that he has on Sommelier basically use CCI P I think at this point to safely bridge over those assets the beauty of chain link is like it's better than the routine bullshit bridges that we're used to that get hacked.
So and a lot of chains by the way suffer from this problem of like especially in cosmos like when a classic and whatever they just lack sufficient bridges to bring.
Defy money into the various chains and they just remain stagnant like if you're on the theory and for example give me one reason why you want to go like figure out how to get to Luna classic chain and you know like learn that.
Like why would you bother when you have every possible thing you possibly want on polygon and Arbitrum and whatever the hell else right they all this defi should have just duplicated everywhere anyway it's not like there's anything really really unique on them so everyone sort of like silos into their chain.
But the beauty of chain link is it makes it possible to sort of play on whatever chain you want whenever you want to.
So if you're like your friends like oh yeah have you checked out this NFT on soul and you're like yeah yeah maybe let me go check it out and then you got to figure out how to get that wallet and you got to figure out what the fucking download and this that and the other thing.
You know what is the end user want the end user wants to just have some kind of gas token that they have and they know that they can use it for everything and they can go play around and fuck around they don't want to figure out where to get soul tokens and send that to a different address and wallet whatever the whole thing is stupid to the crypto experience right now just blows.
I mean like yeah if you're a crypto nerd you might think it's fun and everything but it's otherwise just stupid like there's no like like yeah like you can flood crypto quite quite a lot but like basically there's no mass adoption happening you know without someone like chain link coming in and abstracting all that shit away that's just that's just a fact I've been at this for years and years and like still the crypto experience is not something that grandma is going to do it's not an experience that some like 10 year old is going to do it's not going to happen.
You know what I mean like that this has to be way way simpler and it's super fragmented too and it sounds like trying to fix that but.
Yeah the user fragmentation gas token fragmentation.
Dex liquidity fragmentation you know you could argue that this is all great it's all decentralization so there is you know there's a plus to some of that you want to have lots of different routes so that it is harder to shut down any one route.
So I think like cosmos IBC and you know interblock chain communication is good chain links CCIP is a good idea and you know like polka dot system was really more for like.
Just adding change to its own system but polka dot like it was did not build a serious cross chain system so it's like you know you can bring cosmos assets into polka dot using IBC because they've implemented that but.
You know polka dot and then people have created like EVM compatible chains and stuff so that why have they done that they did that because like let's say you're a programmer on Ethereum and you know how to deal with EVM.
If you're in virtual machine then you can go and like start a new dap on some other chain and you know grift over there and you don't have to rebuild everything so that you can take a protocol you've already built and just copy pasta that thing into another chain.
And voila you haven't you know you have maybe access to more users and stuff but with chain link CCIP the beauty is like.
You know it's going to be imperative that whichever chains want to incorporate that do it really early bring those users on board and and I think.
It'll be interesting to see what kind of cross chain applications get built but you could imagine with CCIP the difference in user experience would be like you could go to a website that has a some protocol or whatever and on that protocol you have Solana.
Assets you've got cosmos assets you've got a theory mass sets and they're all the same place and the reason that's made possible is because CCIP makes all of it connectable.
And so I would imagine that there will be eventual like protocols that are almost CCIP native like their whole goal is to like you know maybe it'd be an NFT market like whoever does a big NFT marketplace.
That is like CCIP capable and caters only to NFTs that are CCIP enabled then that means that like they can bring in NFTs from any chain out there that incorporate CCIP now or in the future.
And the more chains that incorporate CCIP it'll be the same network effect as EVM for the longest time people like shit we gotta have EVM on our chain we gotta bring a theorem users use using EVM compatibility and whatnot.
And that had like various levels of success I mean some of those things did okay.
You know some of them like EVMOS whatever just fucked around and found out like that nobody was going to show up and so like this user fragmentation is just terrible and like the reality is like how many chains do you need to go play on like like you want to lend some you want to lend you want to borrow you want to maybe trade some NFTs you want to have some various shit coins to trade to make some money on maybe you want some meme coins a pump whatever right like how many things can you do in crypto right now like just trade random things.
So like you know do you need to go to a dozen different chains to do this no like if you know maybe you're a fan of Kajira maybe you're a fan of injective maybe you're a fan of you know whatever like you know you arbitrary or something there the fact is like any one of those ecosystems eventually all of the daps you want to show up there and where it gets dicey is okay like the really good projects that might be.
Like you know sort of like the best in class like let's say like curve on aetherium or let's say are they on aetherium there's a few protocols that like really really popular and have a lot of liquidity.
You know like one it's hard to replicate those on smaller chains with the same amount of liquidity and two even if you did like what what advantage are you providing those users like why would they show up to your chain to do this that's going to be the other question and so far the answer has been that okay well you know there's not that many people in crypto yet like out of the.
You know billions of people on the planet only like a small fraction are using crypto so far and therefore we have a lot of room to grow so every you know there's plenty of room for everyone to pump that's kind of been the theory so far.
But I find it's getting harder and harder for me or newbies or anybody to figure out what the fuck is going on like there's so many chains there's so much shit going on and someone says oh you got to check out such and such like injective is pumping like okay where do I go buy that and look for some centralized chains they buy the coin they hope it goes up.
A lot of those people don't even go and play in the define those ecosystem they just buy the coin because it's going up which is cool I respect that but that's fine I do that too.
But my point is like do you really want to go and learn all the different nuances of that chain you might you might not.
And you know we're we're seeing all this fragmentation and I think it'd be very nice like even kajira I'd message them today I'm like listen like incorporate CCIP it'd be awesome because then you can bring in like patchy gold immediately and if you have gold and you have like a few other interesting.
Like primitives then you can put trading bots against those and you can trade your like imagine you had a gold versus chain link trading bot so let's say you had like a you had like 3x leverage on gold versus.
You know I don't know like kajira tokens and so now you could run a bot that you know plays on the volatility of gold versus.
Versus you know something like kajira tokens and you could basically do a grid bot against those type of strategies so you can wind up with really really interesting strategies to sort of like extract value out of volatility and then also.
You could bring in more possible primitives for perpetuals which are really really popular like GMX is popular Levana on osmosis popular and any of these like perpetuals things are popular.
So people love to trade they want to make money and they want to extract value from the system somehow and that leads to a lot of transactional value for these chains so.
CCIP the beauty of it is like what impresses me so much is the type of things that are coming in so you have circle usdc already connected you have patchy which is gold which is connected.
Which means like you like you as an individual protocol let's say your kajira or your injective or whoever none of those chains have to do any fucking work if all you do is incorporate CCIP you'd no longer need to like.
You know attract package to come and deploy a thing on your primitive on your chain and the other problem happens is your fragmentation of bridges so let's say wormhole creates a bridge and you can move Luna classic to you know Luna or something or let's say.
You know there's an ethereum bridge by wormhole to allow east to go to sommelier the problem is is that like when you have a bunch of different bridge providers.
Then you have a problem of not knowing what the canonical coin is so for example you could have you know wormhole wrapped ethereum on injective but you could also wind up having IBC.
I'm sorry you could have like another company you know whoever you know some other bridge company like not wormhole but somebody else could make another wrapped ethereum and now you have two versions of ethereum on your chain.
And who the fuck knows where all these things are going and which ones the real the better one and then not only that but you get liquidity fragmentation so for each of those you have to have a dex and you have to divide up the amount of cash paired with each of those primitives.
Do you wind up with multiple versions of ethereum on your blockchain you have multiple versions of whatever so the problem of cannon becomes an issue.
And like basically ccip with chain link solves all of that shit and that's what makes me so bullish on link being.
You know like link being truly the chain link between all of these things so I think chain link the name really fits more with this concept than it does with say oracles right like even the brand the chain link brand name.
CCIP seems like it it fits the final vision of what they're trying to accomplish more so than just simply being oracle so the having oracles is really important like that's necessary for all this to work really well.
And having oracle system baked into your node structure completely like obvious the need for.
Additional price speeds indexes and whatever so the beauty of like ccip based assets is is that when you transfer them back between chains the oracle network in the background is making sure that you're getting the correct price for your trade in the background.
A lot of decks and stuff don't even do that they just basically have like you know they just rely upon external arbitrage to set the prices so for example ethereum on injective might be worth twenty five hundred dollars ethereum on ethereum might be worth twenty four hundred dollars ethereum on coinbase might be worth twenty two hundred dollars right how does that all you know fixed it's fixed use of a market makers who will are those differences and into oblivion and make them all even.
People will sell on one chain and buy on the other and do that to the point where the prices all get even but in ccip in the bridge the interesting thing is that oracles will connect to all of those and give you the proper.
You know transaction conversion rate and it will do that via the link token in the background which they'll have like a gargantuan amount of liquidity for so you won't have a problem with making transfers between chains so super super.
Interesting how that's going to all work and I can sort of see the vision behind it I don't know the fucking technical details or whatever but I do know that like that's what we've all been wanting.
Like what chain link is building with what everyone wants and you don't realize you need and that's kind of that's where the office essentially like where I feel like it's undervalued relative to the rest of the market.
And you can bitch about the fact that like the company has you know half the tokens or whatever think 45% of tokens and they're going to be distributing those for stakers and stuff but I think at least they're using their tokens by and large to the benefit of development and growing the network and so like it's not like you know if they sell some whatever it's just it is what it is.
If you have the long long range review even if they sell some of it I think the odds are still that the buying will outpace the selling long run is my suspicion.
But yeah I mean like if anyone here like knows of any other chain that has a more bullish like or coin that has a more bullish sort of use case I'm all ears but I don't know of such a thing like I think some of the things like I can layer and some of these like interesting restaking protocols that are some of those are probably do well.
But like you know a new type of staking is not anything groundbreaking this is nothing there's nothing that interesting about any of that.
I think like CCIP is a much more interesting set toolkit and capability set and like CCIP will be able to enable things like liquid stake tokens to transfer canonical versions of the company.
Transfer canonical versions of them to transfer across different ecosystems you know without having problems with bridge hacks and things of that nature so interesting I think I don't know how long we are away from CCIP going full main net.
But so far I think it's like the the groups that have incorporated the cross chain protocol so far I believe are arbitrary optimism.
I think GMX did in a variety of others I don't know what all the different but significant significant folks have gone and done this already in fact let me see let me pull up the list see if anything in you has come up.
The way where you look at this is chain link ecosystem dot com all you do is you go and it's a pretty nice website actually yeah so let's see here so then what you do is you go down you browse by category and you pull up.
Let's see here not by not by category browse by product if you go down this website and the CCIP has 120 integrations as of this moment.
Let's see like some of the ones that are on here now that are.
Yes circle USDC is on CCIP so that's that's fully live now and works.
Redacted some le a finance which is on cosmos has incorporated it.
Vodafone the telecommunications company you guys know it's like I own a lot of their stock.
It's a UK based or European based cell phone company I'm not sure exactly what they're doing with with chain link but there's been some.
Rumblings of integration there and they're they're incorporating CCIP for something I'm not sure what exactly what else here of anything that you guys might recognize there's some.
Some of the stuff like yeah quite a few things are live and these things cross a different chains as well.
ANZ National the national banking system for these is it New Zealand has done a CCIP intent I don't think it's live yet.
What else is in here silo finance flash liquidity I don't know what a lot of these brands are like I don't use a lot of stuff so I'm not sure.
DFX finance sushi swap has incorporated CCIP that's pretty important.
Swift the international banking consortium or whatever that is has signaled intent and they're experimenting with CCIP data feeds and any API which three different project products.
Ava is the other one I was trying to remember it has data feed CCIP and any API the three products have been incorporated into Ava synthetics which is the.
Like the fake stock trading platform on Ethereum has incorporated CCIP and any API as well so these are kind of the big ones I don't think anything major has changed this week.
Those are those have been there so G trade on the online leverage trading on spot prices.
They look Dallas protocol the positional markets fair bet.
Yeah a bunch of different things you can pull up on this website which is pretty cool so you'll have you'll be able to tell like how many projects have incorporated CCIP and what's going on with them.
There are a fair amount of avalanche projects in here as well.
About a hundred and sixteen different things on avalanche have incorporated something or the other related to this.
But there's about one two three six twelve.
That's sixteen different things on avalanche that have incorporated chain link based stuff three hundred and twenty nine different projects on BNB.
Binance have incorporated something or another related to.
Chain link and about twenty or so things.
Our CCIP enabled on Binance chain so these are just examples of like I think the big chains that they have a lot of connections to our polygon a theory and BNB avalanche arbitram Solana and phantom.
Twenty four of these things were this year and about three hundred fifty nine different items started in twenty twenty three so really good website actually does a great job.
Letting you see what's happening in the chain link ecosystem like it really well made website.
And then like some enterprise things that have been working towards things is Associated Press Google Cloud Amazon Web Services T-Mobile systems Swift these are the big corporate enterprise things that are looking to leverage chain link services at some point or the other potentially.
Some of that stuff is vaporware though until proven that it like actually does shit so be aware of that.
But some of these things like arbitram and whatnot they're all running in the test nets but I believe the CCIP full system that allow I don't think it's fully live yet the main that I'm not sure maybe someone else can fill me in if that's not true.
It says live but I think it's live not on full CCIP main net whatever that is.
But yes circle has been working with a bunch of other companies to BlackRock.
Course Coinbase MasterCard and whatever.
So it would be interesting to if like with privacy layers get incorporated a Visa MasterCard something like that could be incorporated with link CCIP to then then what you get finally is like the world where you can spend your crypto.
So I think chain link gets us to a point where.
That that's much more interesting for credit card companies and stuff because they feel like there's enough liquidity for the Stephen matter.
Anyway the link right now is at 1580.
We're sort of in the waiting room there at this level waiting for it to break this time or not.
I think it probably will. It's just spent so much time at this level.
I was if anyone's late to the room here basically if you have a close by tomorrow at about 18 bucks it'll be a really really beautiful monthly candle.
Basically and get engulfing sort of hammer candle super super bullish so like yeah by tomorrow if you if you have a $18 level I think chain link runs.
I think it's going to run to like probably $32 pretty fast.
You might have one gigantic candle at some point like for example when link went from $7 to $12 like four months ago did that like in one month.
So it can move very fast once it gets going.
In fact there were some very large candles back in 2021 like $11 all the way to $25 in one month as an example.
So we're so link is basically due for a gig a candle here and I suspect it's possible by that February you have a candle that runs all the way to about $31.
It's very feasible just people a monthly chart.
If you pull up a monthly chart in chain link you'll see lots of examples of candles that are this big.
So once momentum starts picking up people pile in as the price goes up as you know like people start doing Twitter spaces they'll start doing fucking like YouTube videos and people start posting moon rockets all over the place.
And you know basically when social media lights up like a Christmas tree you know that there's a lot of gas in the tank to really run because everyone piles in on the way up.
It's just how this works.
And the new buyer they don't give a flying fuck what Sergey did or what bags are going to sell and all this people FUD on Twitter like as if anyone gives a flying fuck about any of that.
Nobody cares about any of that shit.
No one reads those you know gay Twitter posts about FUD or whatever.
All they do is they go on YouTube and they go oh look the YouTube said it's going to go to $1,000 and they go OK.
And they'll go on Coinbase whatever buy themselves some you know like none of that stuff matters in a bull market.
All the FUD and whatever it's just nonsense.
So I think the FUD is what they've made the mistake of is that they instead of picking up more channeling at the bottom they were upset that it went down from 53 bucks down to five bucks and they were bag holder and they're upset that they're you know they had to write it all the way down.
Welcome to crypto when you're going to ride some shit down no matter what you buy at some point if you're here long enough it's not a big deal.
The key here is I think the people right curving themselves into not picking it up when like the narratives or how this market works you know people basically like read the narratives are like oh I can see how that would be cool.
I want to buy this I want to get exposure to this thing.
It has the most obvious sort of systemic narrative even the meme coins and stuff I don't know like you know are they going to run this coming season.
I'm not sure like the Pepe's and whatnot people act like it's just a foregone conclusion that if you buy something that's like a well established brand name that if we have a quote unquote bull market that all of those theme coins will automatically run.
I'm not sure that's necessarily true.
They could just simply be flat or bleed that's what coin that's what chain link people are bitching about for like the longest time like oh everything else is running but our link tokens not going up right like everyone like anything that runs early especially like pre pre sort of like BTC bull market.
It's not automatic that it will run for the rest of the cycle.
So just be aware of that like a lot of the shit that's run up that assumptions always that they're going to keep going and I'm not sure that's true.
Quite a few coins have shown some pretty significant weakness this last few months but most have held up pretty good like take injector for example it it popped above its twenty five dollar high.
It went to about forty four like went down back to about twenty nine and now it's about thirty five so it's doing fine it's above its prior high it's broken out and it's still sitting in that kind of price discovery region for the cycle.
And then there's other stuff that ran like November with like Zephyr for example it went all the way to fifty two and it's now at like eleven eighty eight.
The alpha on that one is Zephyr swap which is like a privacy based decks is really important so that you have more liquidity in place that can't be shut down since privacy coin.
And that's there's been some buzz going around that that's coming out soon that the devs are working on that and it's going to have LPs and stuff so obviously people are going to buy Zephyr to post in the LPs.
And typically what happens is when new DEX's for things get posted you'll have a run up because people will tend to buy coin to supply to the DEX's and things and that's where you get a little bit of boost same thing with centralized exchanges and they get new listings.
So there's probably been new listings coming as well the next few months so good general price in this range between nine nine bucks and fifteen bucks is a really good level for for Zephyr if you're interested.
Definitely the heavy buy zone here and and here and below let's say let's see some other stuff today.
Let's see Kujira hasn't started moving yet.
Kuji made its way from a breakout from previous high of a dollar ninety five.
It broke up to about five fifty three pulled back to about three dollars.
Now it's at three thirty eight. So it's got it's starting to kind of round the bend forming a little bottom here.
It's fib is at three oh eight. So it's just above that relatively small market cap.
400 mil here maybe. Let me see but DeFi and Kuji is absolutely beautiful user experience.
So it's going to attract users pretty much for sure. One of the better user experiences in the crypto space I would say much much better user experience so far than anything on Injective or any of the things that are pumped.
So if you want something that's relatively undervalued but a better user experience for DeFi that would be Kuji right now.
It's ranked at one hundred forty seven market cap of four ten mil and the red flags would only be that like it's TVL is about one hundred and twenty mil.
It's not very not too high relative to its market cap and it's the bullish side is it's fully double evaluation is the same as its market cap.
There's not a lot of this is not one of those was a bunch of team tokens and shit floating around.
There's not a lot of dumping pressure at all on this one. It's got its fixed supply to even though it's a cosmos chain. There's no inflation. That's cool.
And then maybe the bearish side would be that it's trading volume is only about one point six million for a four hundred and ten million dollar market cap chain.
So it'd be sort of the theoretical downside but it's done a pretty nice pullback here from the top. It's already pulled back about almost fifty percent.
So pretty good buy here I would say for Kuji and that's basically K U J I. Yep. Looking pretty good.
I don't remember what my cost basis on this one but it's probably like around at this point it's probably like two bucks or something about a lot more higher.
Let's see if there's other interesting coins Solana is painting kind of like a it's basically doing kind of a little bit of a bull fat flag breakout here.
I think the thing here is there's a lot of indecision at this point in the market because the one of two things is going to happen either you sort of like get a complacency shoulder and do a dump.
In which case the market's going to go sideways in the old space probably for like six months or more or we like something like Solana breaks it's hot this recent fib at one hundred twenty three dollars.
It's currently at one hundred and one and things start running. It's more bullish if the if the existing leaders in the space whether it's a theory or Solana or whatever if they run it's more bullish.
And the reason it's more bullish is because then when those people are rich they can go and take leverage and buy all sorts of other shit coins and that tends to pump the market to the high liquidity stuff you wanted to go up whether you are not simple as that like you know I don't have a lot of Solana don't have a lot of new aetherium but it is good if they go up so they're kind of good bellwethers for money entering ecosystems.
Let's see what else is going on here.
Fetch is one of the kind of the A.I. plays F.E.T. and it ran to about eighty cents almost made it to its prior high at a dollar twenty.
It's pulled back a fair amount. It dipped all the way from eighty cents all the way down to about fifty three.
I don't know how much gas is left in the tank of the A.I. narrative. I'm not seeing very much A.I. talk out there as far as crypto is concerned.
So maybe that's played out and maybe the all time high it's not going to hit it again. I don't know that would be super bearish.
If it runs at this point in the next few months to a dollar twenty Fetch becomes super bullish and you might want to play the all time high break at that point.
So maybe set an alarm for F.E.T. for a dollar twenty and if it breaks then maybe get in.
But here it's looking kind of top heavy and kind of whatever. The chain is very much overpriced. No question about it.
The Fetch blockchain is not fucking worth. What is this thing worth? It's just pure narrative pump.
I mean this thing got a six hundred billion dollar market cap price tag. It's bullshit. Like there's nothing that chain does that makes it worth that money.
So therefore obviously super speculative absolute gamble and the gamble would be that it breaks prior your high of a dollar twenty from the sixty cent level that it's at now and that would be the gamble.
Like outside of that I don't know. It's like it's a big gamble. It's not one of these things that if you became a bag holder you're going to enjoy it.
It's not one of those things that you know is going to come back up if it goes down again like it could just drag down to oblivion for God knows how long if it goes down.
That's the trouble with some of these A.I. plays. So just kind of know your risk when it comes to that.
And I think a similar one would be Akash AKT which is kind of a cloud services slash you know like it's it's legit project but it's definitely run up for the last almost year and a half and it could definitely pull back quite a lot if new money doesn't flow into that.
What else. Let's see doe just continue to perform really shitty.
Like the hope was that when that when X announced that it was going to do payments and I believe they got approved as a payment provider I'm talking about the X Twitter platform they got approved as a payments provider in Nevada so far.
And the idea would be that Elon ends up sticking Dogecoin as a as a medium of exchange on Twitter for some reason like maybe incorporating Doge for some reason to some sort of payments processing.
I'm not sure what the point would be but you'd be bullish for the coin if it was announced soon as that like this X announcements came out like Doge pumped a little bit almost 90 cents the other day.
And then just pulled right back down. So it's like I don't see a whole lot of Doge talk at all in the crypto space.
So either you see that as a bullish thing and say hey look this thing is undervalued nobody's talking about it yet or you say that's bearish and that nobody's going to fucking talk about thing ever again.
And there's the Doge satellites that are going to be launched which are satellites being launched in conjunction with SpaceX and probably will get a pump and shit with that time period.
I'm guessing but I don't really know if you were to say like would I put a heavier bag into Dogecoin or Chainlink here. Chainlink for fucking sure like there's no with meme coins the problem is you don't know if that crowd is going to come back and like serious money.
Like the other thing too is the meme coin crowd was like the fraction of the US population that probably was just fucking around with stimulus money and had nothing better to do during covid and lockdowns or whatever the fuck else and they were just basically blowing money on stupid shit on Robin Hood.
That crowd is not particularly rich right now because of inflation. So I'm not really fully sure how much meme coin money is going to flow into the space.
Versus like maybe people that made good meaning the stock market trading smart and now they're trying to put their money into crypto somewhere that they feel like they have some edge.
I think if you look at like dino coins or things that have been out longer than four or five years.
You have your Litecoin your Doge things like that. They're reasonably valued at this point in terms of the overall market. So I think they're low risk but they're also unknown as far as bull market reward in terms of upside.
So like like when right now is a sixty eight dollars is really really decent given its history historical performance and you know a bull run it calling like you know something like three or four acts would be very very feasible.
But that's not it. You know that's not a gigantic gain. I think compared to some of these older things channeling has so much more narrative potential like I don't see people talk about Doge and Litecoin at all.
I don't know maybe some of you guys know follow TikTok or whatever else bullshit like maybe you can tell me but I'm not really sure how much stuff's being posted about those chains the older chains.
And another way to think about like what you're buying to is if you buy something this season and you become a bag holder for next season.
Are people going to give a fuck about that chain next season. That's the question you have to really ask yourself not just can you make it through one bull market but can you make it through two with that particular asset and do OK.
And that's always the the rub. That's that's that's the hard part in my view. It's because if a person can't imagine holding through another bear market why would someone buy the coin now.
Right. Like you would think a future potential and people think to themselves yeah if I hold Bitcoin it's going to go to a million dollars and I'm going to make it 20 X over 10 years or whatever they might think you know 10 years or something.
Same thing might be true of any of these coins like you know some of you guys are bag holders obtain link maybe bought at 30 bucks and now you're 15 you're like oh fuck when's it going to go back up but you're at least comfortable that it will go back up.
A lot of other bag holders in crypto are just stuck with their bags and like fuck I'm not sure if my thing's ever going back up or not.
People seem to be running off to new narratives and like you know playing on you know new platforms even the East people are like depressed that you know the salon of people aren't buying their coin.
So it's like it's like okay that's last year's model maybe that's last year's pump or whatever and you know so like ease for example people are waiting for the ETF to come out.
I think the ETF got delayed or something apparently but the idea is oh if we got an ETF you know more cash flow will come into the theorem and you know the retail user doesn't have you know hundreds of billions of dollars of laying around to pump the ETF.
Token and so therefore each coin I should say and so therefore like it's not moving until the ETF gets approved and stuff but each play right now if you own it is ETF gets approved.
Ethereum makes a run to all time high which is like forty seven hundred dollars or something like that forty eight hundred dollars and then it maybe does a 2x from there.
Maybe it gets to you know ten thousand dollar Ethereum or something like that that would be a good pretty decent target I would think should be like kind of a 2x from prior high or something like that maybe even more not sure.
But a lot of cash has to flow into it and an ETF is more likely to move something of that magnitude with these versus retail buyers just suddenly getting rich in buying these things.
So I think most of the people in crypto space are like the largest market cap thing I'm interested in is Chainlink even Solana is a maybe for me at this price level.
I think if you bought Solana early on like you know a family member that bought it like twenty bucks or whatever during the last crash and if you bought it back then or under twenty dollars you're doing pretty good right now.
But you know you've made your 5x or whatever 6x maybe but if you're buying now you know from here like let's say Solana runs to back to prior high.
You've just gotten just over a 2x right like maybe two and a half X from here.
So it's just not that much of a gain and then of course you're you're praying that like it runs even past that for some reason but the reality is there's not much there's not that much shit to do on Solana.
I mean there's amount of teas and whatever but you don't have the very very high end lending protocols like you do on on Ethereum.
So I don't know if maybe I'm wrong you Solana freaks can come up here and tell me otherwise that maybe there's something amazing there but I'm not sure.
So yeah I think like I have a little bag in Solana and I don't know I'm just not that excited to hold it.
I think at this price level at this type of chart and it's just much more interesting upside is really really obvious.
I mean getting back to all time high for chain links pretty much a given because like chain link didn't do fucking squat back in 2020.
He's just like a little bit of an Oracle service and that was it was pure speculative pump to fifty three dollars.
Now it does like a half dozen things or more and has way more narratives way more connectivity and way more people know it and it's on every exchange and I think it has an obvious way to like obvious room to run.
So it's like it seems like one of the safest plays in crypto at the moment with a decent upside like Ethereum at this level is probably reasonably safe too.
Maybe it pulls back a bit but I mean you know whatever it's it's like but at the same time is it going to give you serious multiples and I don't know maybe a theorem gets you a Forex from here and a bull market maybe.
That's the problem with the larger coins that it's like market caps or gravity.
Oh I have Pantera's around up he disappeared he came on for just a second.
Anyway if anyone has any like projects you think are likely to run or do really well or something feel free to hop up or if you have like FUD about link or something you think I'm just talking bullshit maybe it won't go up.
Let me know so I don't want you know blow all my money.
Confine me you know describe me the FUD that you're worried about and like change my mind I guess.
Yeah we're at like 1590 at the moment.
Yeah chain link really would do really really nicely if we.
By tomorrow if we're at about 18 bucks someone does some work to actually pump this fucking thing and actually print a nice pretty monthly candle that would be really really bullish for chain link.
And golfing tomorrow would be damn cool if we don't do that what would happen.
If we just sort of like can't break resistance here 1580 again then we probably had $12 again so that's why I.
And maybe would have to even test lower than that maybe have to go back to 10 that's why I kind of sold some stock and shit and I'm like ooh you know if it goes down and be prepared if it goes up I need to you know I just ride the wave no problem.
But I want to make sure I'm prepared for either direction but I think like if we pull a very similar thing to late 2020.
Just you know the way the chart performance in the past has worked is that you know in a relatively bullish altcoin space we're talking about reaching you know prior hyper chain link within maybe.
I mean within months possibly like maybe by April May you're back to all time high that'd be a pretty good target.
I think it's very very rational target to it's not even like that's not even to it by summer chain link setting off defy summer again would be epic.
Chain link kind of ran defy summer back in 2020 with the big run to back at that time to like when went to 20 bucks and sort of sparked off defy summer and everything if I went fucking crazy at that time.
I remember all day and everything kind of went nuts but yeah to do that again by this summer where we're back to all time happy pretty pretty bullish I think that leaves plenty of the rest.
The rest of the year to get to like the assuming we don't have a black swan event like 2020 did that leaves us room to head sort of head to hundred dollars hundred forty three dollars by end of year.
So if you just kind of like pull up the trajectory that's if we don't even escalate our trajectory any more than we're going now on log scale you'd be 140 bucks by like November so that'd be really really nice to hit like by end of year.
And some people argue that like the bull market this time assuming we don't have any disruptions during happening that the bull market can complete technically even in 2024 and and you could top out in 2024.
This idea that you have to have the bull market like really run in 2025 or 2026 that you know retail takes time to show up blah blah blah.
I think a lot more people have crypto wallets now and a lot more people have centralized exchange access now.
So for some like a name brand like chain link to run to hundred and two or hundred and forty three by end of year is very feasible compared to last season where you know the number of people that knew what they're buying and where they could buy it or hear about it is much less.
And chain links doing way more advertising now than they used to not advertising but you know videos and shit and Twitter engagement stuff so that's good.
But yeah if you have the same trajectory as last chain link run then you'd be sitting at like two hundred thirty four bucks by like around like you know by you know first like second quarter of 2025 maybe.
That'd be a really nice place to be if we can get there.
Again pure speculation I have no idea if you can reach that much market cap or what but it'd be pretty awesome if we get there.
So like what's my general plan for link I'd say like I mean I'd be pretty comfortable selling at about one hundred and forty bucks.
Could it run a lot higher and double from there.
It's possible but you know the probability starts going down the higher the number goes so you just have to figure out what your gamble is like a big.
It's just a game of chicken between when you sell and whatever I'd say like I've done pretty well for myself if we reach even.
Like a hundred dollar chain link and you know my wife knew how much chain link I had she'd be like okay fuck you're going to sell now a hundred dollars.
But I think it could probably get to about a hundred forty three so I'm not going to tell her.
I can't even tell her when it's going up and shit I'm just leaving out of her ear so she doesn't bitch and moan about me for holding too long.
But that's the idea anyway or just sell on the way up like maybe sell twenty percent on each level or something and then if you get lucky it goes down you buy a little bit more.
Or buy it back if you and then run take ride the rest of the run with a little bit small trades or just cash out on the way up like maybe a hundred dollars you try to cash out some one forty and then cast the rest at about two forty.
It's probably the same same approach so because if you're high enough ahead on multiples as long as you at least pull out your initial investment probably.
You could pull out your initial technically you're early enough you could pull the initial investment out even at fifty three dollars you know the prior high and just basically ride the rest of Valhalla I think that'd be fair to honestly.
If you want to be if you want to be really responsible with your money so that's another way to look at this is just like or take out like fifty percent at all time high and then ride the rest something like that and only buy back if.
You know you get a big dump or something or you know because it's quite possible when you hit prior high that you pull back maybe from fifty three dollars back down to thirty one and then that form support at that level.
So you probably could sell a fifty three buy back at thirty one pretty high probability of that happening if you if I had to guess.
You know so or just wait for like a twenty percent pullback and buy back and so you could probably trade your way up a little bit if you don't mind whatever tax consequences that that might have.
So I think we have plenty of room to run.
One day I'm not sure if you you caught what I was saying earlier you probably just rolled in but like just saying that if we get a candle close by tomorrow at about eighteen bucks we'll have a engulfing monthly candle with like a you know with a hammer type look where you know bounced off twelve and jumped eighteen that'd be really really bullish.
So I think tomorrow's close is like we'll make the monthly chart look like artwork and I think the odds that we're going to run at that point are pretty high.
Yeah like it's you have to think about how like people use these charts the leverage trader uses the pretty looking chart to decide okay how much am I going to gamble here and when the chart looks really good especially on the left.
Long scale closes like weekly or monthly charts.
Yeah that that can just basically be just kind of a super bullish thing.
And then you know more people just gamble at that point with more there more money.
Anyway yeah it'd be nice to see like next month's candle run us up to about thirty one sixty for February that'd be really really nice.
Let's see what happens here.
Other people are posting charts where you know chain link go sideways for a solid year I think that's kind of probably insane it doesn't sound like it would happen.
But there are people that post that just they just they're just so burned by or they're bored by the last year and a half of sideways action for chain link between five dollars and eight five dollars nine dollars.
That they just want to copy paste that chart and show like another another year where a chain link goes sideways just just to be irritating.
That would be super bullish though man like if you had chain link literally go sideways for six months and maybe like touch twelve dollars a couple of times.
Man it's like you could pretty much go all in at that level like this just like the longer the support that's created.
The more likely that that becomes a future floor for next bear market so just remember that so it's unlikely to go all the way back down to a long extended consolidation range after the big bear bull market and then the next crash so.
You'll be much much safer as a future bag holder if the consolidation ranges are much longer because you'll probably never touch them again so since we broke out at about eight dollars and forty cents my theory is is that we will never touch that again ever.
Why because we consult like we were in that range for a year and a half attempting to break out at the eight dollars and forty cent fib and kept breaking above and crashing over and over and over again.
But so we had a consolidation period with absolute seller exhaustion at four dollars and seventy six cents for a year and a half like so the probability that we're going to like hit eight forty again is not very high.
If we do it invalidates the entire consolidation range and we have to retest a dollar link or something like that's really really bad but I don't think that's the case because there's too much hype around link now.
There's too much like interesting news and interesting YouTube shit so I think retesting the calls consolidation range would be really really greedy in the sense that if you're waiting for a retest of ten bucks to buy chain link it's probably greed.
And therefore it's irrational to go back down to that level so I'm I would go like I'm ready to go sort of like more even more aggressively all in if we hit about twelve bucks again so if we if we fail to break out at this this level for some reason and dump again I'll just go like I'll go I'll just get one more gigantic position and just ride it all time high no problem.
Although my my bag is pretty fucking big as it is like I really shouldn't be buying anymore but whatever you know if if like if that time comes let's say link hits twelve dollars again and some other coin looks super interesting at that price or whatever I might you know change my mind but outside of that I like I think link is a good choice if it dumps down again for some reason if it just keeps running great like I think.
I think the first sort of area to sell if you're going to sell some might be thirty ones thirty one seventy five which is kind of thirty one sixty five I think is one fib and then fifty three dollars all time high so you could technically probably sell.
Probably twenty five percent at thirty one dollars and sixty five cents you probably sell another twenty five percent at fifty three and the odds are going to get a retrace to where you can buy your coins back lower is pretty good.
So I bet you could either of those levels you could probably trade your way into probably you know take a portion sell some of it and if prices keep going up fine you got some profit if not if it.
If it dips you can buy back at the lower fib so chain link just be aware really follows these fib levels quite well the odds that if you like retrace from one you can drop to a lower fib is very very high and the odds are going to be able to like buy back your coins at a lower fib is quite high.
They may not hit exactly so.
You might have you might front run yourself a little bit but.
I think there is low resistance at twenty one dollars for chain link volumetrically so on the volume profile there's almost like there's very little trading activity at twenty one dollars back in the previous history of chain link.
You have like a volume resistance barred about twenty six bucks and then the next step after that is thirty one sixty.
And by the time you hit thirty one sixty for chain link like at that point all time high is just in sight it could just straight run it could just go straight to all time high and pass it.
So my hope would be that like by September August this type of range that we're running like one or two plus chain link that'd be really nice.
For my spot bags anyway that's just me shilling my shit hopium for the masses here like I don't know if it's going to go there or not but.
It's it's viable like if you just look at the history of chain links price action and the velocity.
That would be a very viable thing like being at one hundred dollars by end of year would be viable barring box one events and shit.
So let's see yeah so good times on that one and I think like if chain link runs typically defy generally runs because if you like be like twenty twenty five summer.
You just have to have a few projects run hard and then you get a bunch of rich people because they want to feel like really really super.
All the link people would be like super chain link rich and so then they can go buy a bunch of shit or whatever so you tend to have that spill over into everything.
Anyway any other comments from anybody has even seen the new Ferrari movie I was going to like.
Try to rent that and watch it on my on my system it looks pretty cool I went and took out my Porsche today and just like drove around outside like fucking crazy.
That was fun I just went out in the middle of the night and just basically ran it I want to take it out to the mountains to school car.
Seven eight spiders a hell of a thing.
Here we go chain link fifteen ninety one slowly climbing.
One do you need to watch for that shit to reach eighteen bucks man jazz I'm here I see you're down there like eighteen bucks for tomorrow is what we want.
If that happens just start bull posting the shit out of it and let's get this thing to run to like thirty one thirty two I think it can it can happen.
Just tweet retweet everyone shit just fucking light up the timeline as usual stuff works.
And then people like pile in and be your bag holder always it happens like there's always some new but new but a new person that's like shows up only when the candles are green and when you're like dumping hard and they're in the red like no one wants to buy it's just weird man space is full of retards doesn't make any sense at all but whatever.
It is what it is but I think a lot of that's just leverage players like they're just they have a target they're like okay you know my my chain link leverage position long is fifteen eighty at the fib and I want to run my long until thirty one sixty five and then I put my stop loss maybe.
Fifteen percent below the current price so then what'll happen is like price will pump above the fib they'll get liquidated for some reason because some little you know bitcoin decides to dump or something.
Then I think they get liquidated so you get a wick down and then and then people get excited and then they start piling and leverage and then you'll run to the next level and then you'll get selling pressure because that let those leverage positions.
Those are just people they're going to intend to sell after one or two fibs so you will get cell pressure automatically if you run up fast it's just part of the game no big deal.
So yeah a good cell time for link if you own any would be thirty one sixty eight I would say.
Odds of cell pressure there are one hundred percent guaranteed so you'll get a dip there almost just about like guaranteed it's just like because the reason for that also is because like thirty dollars or so thirty two dollars is an obvious two X from here.
And people think in two X's and stuff so if you're on leveraging on a five X leverage trade your two X move you just made a 10 X on your money you're fucking out at that point if you made a 10 X on that move right so you can see how these impulse moves work on leverage.
And why you're going to get selling pressure it's not going to go straight up right so I'll think about it I need to see like what I want to do at thirty one sixty five do I sell there.
Pay the taxes or whatever else is like it'll be short term capital gains on some of that and then do I buy back.
At twenty one maybe I have some of my link bag from back over a year ago so I could sell it with low capital like low.
Cap gains tax I might just sell that portion.
And then like sell that at thirty one sixty five.
Wait for the dump back to twenty one bucks which is probably inevitable at that point and then use that and buy back at a new cost basis on that and then run that for a minimum of a year so that I have a new you know new long term capital gains cost basis for that because when you use big money for this stuff the taxes become fucking huge guys like.
If you're making like let's say you're up a million bucks that's a four hundred thousand dollar tax bill basically right but it's a lot of money and and that's money that you pretty much have to set aside to pay your taxes unless you've got that money on the sidelines sitting around because if you don't.
And for some reason you keep gambling in your coin price like drops after you buy higher than the problem is now you don't have the money for the taxes now you have to sell low to pay your taxes that's fucked so when you sell for these things you have to have a you should basically plan it out especially if you're talking about big money.
So if you're talking about millions or whatever where you have to set aside tax you know concerns that's a factor if it's chump change you know who get you know like whatever don't worry about it too much you can trade your way pay the taxes and give shit a big deal.
Here we go fifteen ninety six fifty ninety seven let's get that sixteen bucks yeah it's like one of the only things moving right now.
How do you get that crypto bubble chart thing crypto bubbles dot com or some shit let me see these crypto bubbles dot net where shows you like what's running so right now yeah the things that are running are linking to crypto bubble chart.
It's running our link and pith so pith is the other sort of oracle thing and it is is not moved as much as link has its moves links move six point five percent pyth it's five point nine renders up eight point five percent at the moment Neo four point six pulse chain for the fuck is buying pulse chain Jesus Christ the space.
Okay yeah so you've got like link it positive six point five so it is in fact running ahead of the rest of the market right now so I think it's going to blow its top here.
I think we're going to reach I think we're going to hit it this time like we've been waiting and waiting and now it's our turn.
Yeah I've got like pretty sizable amount of money so it's like yeah looking at that thirty one dollar target I'm like maybe I should sell some maybe twenty percent or something and then try to buy that back at twenty one dollars and sort of amplify my bag a little bit here.
But like how fast do we go there I don't know let me see look at the week let's see how weekly candles on link usually look.
Yeah like historically we've had a weekly candle on chain link that's run like is from thirteen dollars all the way to twenty two twenty three in one week.
So yeah this if we start running we break out past eighteen good get like eighteen dollar monthly candle then we're really talking about like probably to make it to thirty one eighty you could probably estimate about a month maybe like three to four weeks.
These runs usually run about two three weeks in a row it's not one day even though it feels like that sometimes like you see like it's funny how time dilates when you're thinking about this shit but usually these things play out over about a week or more.
And it depends like back in twenty twenty like when chain link ran from like April twenty twenty up to you know it was like it three dollars or something four dollars and it ran to twenty that happened over the course of let's see.
Oh April 6th to like around.
August 17th so it took like.
Yeah to do like six acts it took about.
See April through August yeah about four months so.
Four months of bullish action for chain link would put us.
Yeah maybe at all time high within four months maybe maybe six I don't know let's see.
Looking really good though.
And we had a good chance to like flush out a leverage on January.
The January first week we had a chance to really dump down to twelve and kill off the longs a little bit.
This volatility is good though you want a lot of volatility you want like crazy like within a few within a week you want to go like within a couple of weeks you want to go up.
You know 30 percent dump 30 percent up 30 percent dump 30 percent the more volatile you have the more likely leverage players will stay involved they get bored when the volatility dives down.
And people in the crypto space are very much interested in looking for vol and if they they'll find it wherever they can get it.
You'll have people like if you get a coin that runs right you'll have a bunch of people that are be like oh I want to short that thing right like so you'll have those people.
And then you'll have like nearing breakouts people don't want to long the thing so volatility happens all at once.
Kind of like the basis of Bollinger Bands basically that what they're detecting is like as volatility goes down the bands narrow out and also in crypto you'll notice volume drops off.
Volume dropping off to really low levels usually means either you're going to take a dump or you're going to run one of the two things.
You can't really tell for sure which direction something will go but you can be sure that volatility is going to come back when the volume dips to nothing.
Just look at any crypto chart and look where the volume goes to practically nothing you're like what the fuck happened where did everyone go where like nobody care about my chain anymore where everyone ran off to and all of a sudden boom you know things just start moving out of it out of nowhere.
So in crypto like the most useful times to be paying attention is when volume has dipped off into the like lowest levels you know on the long term time frames so look at a daily chart pull up the volumes and where the volumes of the very least are almost always some of the most interesting times.
Now interesting meaning like coin prices could dump at that level so capitulations can happen when volume drops off especially if you're moving into a bearish market.
But when you're moving to bullish conditions with you know Bitcoin happening coming up you know eth ETFs possibly coming up this coming year and all this other shit like I'd say that's like most of the catalyst I see moving forward are bullish most of them.
There do not appear to be too many bearish catalyst left make like this grayscale selling was you know one of these and that seems to be kind of mitigated by other buyers of the BTC ETF ETF so I think you're fine there.
But yeah links looking super super solid.
Anyway so hopefully you have your bags packed already I think most people here already have link.
It's just more having fun with the party of it going up so be right at about thirty two bucks would put us at a two extra from here so that's where we're going to go fibs at thirty one seven thirty one sixty five or something like that so.
Crypto traders very much use these fibs very precisely and they tend to put it so if you're going to put in a short position let's say you chain link it's thirty one sixty five and you're going to put in a short position but you want to stop loss because if the price goes up to do too high right you're going to get not only liquidated but you.
You don't want to put stop losses too high because it just gets expensive so people tend to put stop losses maybe like maybe.
10 to 20 percent above the actual fib that's why you'll notice that prices will will spike above the level it's not like this price stops exactly the lines.
You spike above it because like if you just imagine like let's take for example right now chain links fib is at.
Like eighty eight cents price right now is fifteen dollars and ninety eight cents so if you look at previous chain link pops where did they go a dollar I'm sorry they went to see.
Yeah it went to like channeling went like seventeen sixty two and then it couldn't break past that so why did chain link go to seventeen sixty two it's because there were short positions at the fib and seven like seventeen dollars and sixty cents is exactly like it's like ten percent.
Above the fib so that's where people stop losses are which means that like.
You know there's a sort of liquidation range around the fib which is why like near fib levels you tend to see spikes above and then crash below above and below over and over again it happened during the bear market as well like.
At about eight dollars and forty one cents you'd have these spikes above it over and over again during the bear market and then you'd crash below so that's where shorts where you were being put in.
Some of them being liquidated and some of them successfully shorting at those levels so.
Here like same thing if there are some people shorting chain link right now which there could be then those people will get liquidated to right around the seventy dollars and forty cent level again.
And that can provide some of the initial velocity for the move and then somewhere in that range you'll probably have people throw in long position to ride this thing to the next fib at twenty one and then the one above that thirty one six.
I think people are going to ride this at thirty one six the volume profile just looks really good for that level that's my guess and see if let's see if I'm right or not.
Where I was wrong was I thought after the after the FTX crash back in like twenty twenty two by Christmas I thought almost for sure chain link would run back to twenty one I was shocked that we stayed in a sideways channel between five dollars and nine dollars for a year and a half.
The crypto space did quite pathetic for that time period by the way.
Almost everything performed poorly during that time frame but really disappointing that the capital didn't didn't flow back in quicker.
It looks like Solana will probably do a retest of its.
Last local top here it's a pretty good likelihood it'll go back to one twenty three hundred dollars at the moment.
It's done a kind of a nice bear flag pullback and then it's like broken out of that flag and in all probability you would test one twenty three it's a fairly liquid coins you tend to conform to fits pretty well.
Good chance you hit that if you if it breaks past that Solana probably run to two sixty which is it's all time high.
If it doesn't like if it this double tops for Solana at this local level it's going to dump hard like it's going to go all the way probably down to I guess it dump all the way down to forty five again so it's people the volatility is going to be brutal fit drums so pure Solana holder.
Hold your fucking breath you might be in person pain if it goes down if it heads up to all time high that's super bullish for the whole market because that means you know people are wanting to gamble and Solana could definitely run past its all time high.
But yeah if it if it doesn't if it does a double top at hundred twenty two dollars then you have problems you will have a dump for sure and you'll you'll go sideways with Solana probably for a solid I mean I guess like six months to a year.
They could really drag something like badly because it was this is one of those coins Solana that was already running since December twenty twenty two till now it's went from eight dollars to a hundred dollars so getting a 10x already even before BTC happening in the whole like crypto market boom before all the retail people show up still you're really talking about like you could go sideways for a year for sure.
Because already run so Solana has the same curse now the chain link did back last last season and that is it's run early.
Doesn't have enough juice left in the tanker people can be like fuck this I'm gonna go get something with the higher risk reward ratio I'm gonna get something with higher upside that's what happened with chain link chain link ran from like a dollar to fifty three dollars and no shit it was gonna pull back.
And it didn't outperform everything the rest of the bull market so people got very upset about it right like chain link holders are all bitching and moaning about it like you know that they bought the bag late and they thought it was going to keep running and it didn't and it got them in trouble.
I do think like some of these other coins have the same risk factors things that ran all the way through last summer.
Make me a bit more nervous now that's why I think like if you look at the whole list of different things chain link has the cleanest narrative cleanest chart.
The lowest relative risk like I mean at most of chain link dumps okay it goes to ten dollars like going from fifteen to ten would be like a Tuesday in a crypto space right it's not a big deal and you know it's gonna ride back up if it dumps it's like it's not going to go and like go to oblivion.
Whereas Solana if it goes sideways it'll go sideways a long time like it's probably run out of new buyers like a lot of these things may have run out of new buyers that like we're waiting for retail to show up and they haven't come yet.
Another one that I was pointing out that could get wrecked at this point is Neutron and TRN it ran from like twenty five cents to a dollar sixty eight had a really good run up to like a billion dollar market cap.
Now it's done kind of a bit of a double top and looks like kind of almost like a double top of the head and shoulders type of thing and wouldn't surprise me at all if Neutron has to pull back to like fifty eight cents to find new buyers.
So right the way it works is like the higher price goes the less new buyers will emerge and the people that know how charts look will be like wait why am I buying this thing at the top and so what will happen they'll want to wait for a pullback.
So so how deep of a pullback will those buyers show up it depends like number one how many of those people are people that sold the top and wanted to buy back again.
That's one group of people you have new people that see the chart and like that looks too hot for me I'm going to wait and then there's maybe people that waiting on the sidelines that you know maybe have capital ready to like the project whatever and they're not ready to add to their bag.
But like Neutron is a good example it's went to one hundred seventy one dropped to ninety eight cents and could easily do it would be much more bullish for it actually if it pulled back aggressively now.
So let's say for example Neutron made a top of one hundred and seventy two million dollars to me too.
So if it did a pullback of like oh I don't know at least seventy percent down to fifty cents or so then it becomes really like a viable token and that's also where it's a volume profile has the strongest floor.
So that's actually kind of bearish because actually these volume floors tend to be broken all the time so that so you're talking about like you'd be buying Neutron at forty two cents again which would be a seventy five percent drop from the top.
I think that would be a fair price again so I'm not like entering into getting any more of that until price gets absolutely crushed again.
On the other hand like Zephyr which is a chart I like now it went to fifty two it's already pulled back like eighty percent.
Yeah I pulled back eighty point four six percent or something eighty percent and now it's trying to like catch a bid make a floor at that area.
See that's a much more like feasible chart to get into is when you buy the try to buy the bottoms of some things and gamble on them going up.
Just because you buy the bottom doesn't mean it's going to moon necessarily anytime in the near future but at the same time like you have mitigated your downside risk considerably when you buy at scale when these things really bottom out.
Let's see here what happened to this like.
It's like crypto bubbles dot net is that funny little bubble chart that gives you the.
All the little circles and shit you bookmark this and I didn't bookmark it before.
Yeah this is a seven point two percent positive link is six point eight.
So so so clearly like these things clearly just run on narratives like oh look it's the time for oracles to go up so now Python link go up and then oh look it's a time for layer ones to go up whatever it's like interesting how these things.
Run together and I don't know if that's orchestrated by whales and shit where they like or people just behave this way or I don't know what.
I don't know why it does that but there's this like reflexive moves where or maybe people have like little ETFs or something somewhere where there's like packages of coins that go together like okay these are all the AI tokens these are all the oracles and they may be run together I'm not sure.
An oracle network that really ran back in.
An oracle network that ran back in the last.
Bullmark the early bull market where chain link first hit a twenty dollar level back in twenty twenty.
Like different oracle networks that were out of the time like band protocol ran band is still.
Pull up the data on that I'm just curious what happened to it it's a cosmos based chain and it had like oracle shit going on I don't know if that project is still really like alive and viable.
That's price action certainly went to shit so band protocol back in January twenty two January twenty twenty was about twenty five cents and at the top of the.
Like in April twenty twenty one bull market along with chain link ran to its all time high of twenty dollars and seventy six cents that's a serious multiple right there.
You know I see people made like a what is it thousand extra some shit and so the game was really good but.
But it along with chain link and everything did not double top with BTC in twenty twenty two or late twenty twenty one whenever that was.
And just kind of crashed into oblivion and now band is worth like a buck sixty two.
It is not putting out the same moves as chain link has.
In that bands low was like a dollar and so far it's only made it now to about a buck seventy one and I don't believe that team is doing very much but Jesus market cap is still two hundred thirty three million dollars.
Which is ridiculous really like there's nothing about band protocol that deserves its market cap to be turned thirty billion so that's why I like turn thirty million dollars why say like so many little projects like.
Zephyr and this not that I talk about you might think oh it's never going to come back up it's just going to drag I mean the most useless protocols that barely do anything anymore are still worth.
Worth very high multiples like look at us for example apparently us became a community chain.
And god damn it's prices doing terrible it's like seventy one cents but its market cap is still seven hundred eighty million dollars after like so many years I mean like this was out in twenty seventeen.
Twenty seventeen it bottomed out at about fifty nine cents.
And now it's a seventy cents in twenty twenty four.
And still commands a seven hundred ninety seven.
Million dollar market cap with.
A hundred million dollars traded.
Who in the fuck is like trading eos tokens.
I mean only bots would be trading that kind of volume anyway but like.
Has anyone said anything about eos lately no.
So this is the magic thing about market caps if you can reach a good billion man it is hard to pull that shit down like these things just go and go forever once they are a certain size.
Because people start using bot trading platforms and stuff and play around and I don't know I don't know.
These things take on a life of their own.
It's amazing how these things survive so long.
I mean the fact that band protocol.
It has a two and thirty three market cap it is a ranked two sixteen in market cap what in the actual fuck.
You see look at their website and even do anything anymore.
I mean the fact that band protocol.
Look at their website and even do anything anymore.
Honestly I think it's vaporware I mean it's like just a dead thing now.
I'm not aware of anyone using band oracles at this moment.
Join our band Jedi ambassador program now well that's fucking bearish that's the first thing at the top of their site is they need a shilling cartel.
Cosmos band price feeds VRF so they do have band.
Verified randomness similar to what Cosmos.
They've got some integration tools community.
Yeah I don't really know what.
Yeah who is using them exactly band price feeds.
One hundred and seventy five cryptocurrencies twenty four an exchange rate so that's what you can use if you use band as part of your.
Now available on the theory and buy a smart chain phantom and more near protocol.
You see if there's even one.
Apparently injective uses them.
Helix uses them on injective.
They've got some actual activity going on I guess so band is another one of the Oracle plays.
But apparently the team hasn't been delivering too much.
So I'm not sure that's a good gamble.
What happened to this network.
I have no idea I pronounced that pie.
It sounds like part of a tree.
Not part of it like a botany term or some shit.
Anyway this network is six hundred thirty four million market cap.
Trading about ninety one million a day fully valued valuation is four billion.
Things have seen F.D.V. sometimes that don't make any sense.
So yeah I think this network will probably run if chain link runs but is it going to outperform it.
So the January low for this thing was twenty four cents.
It's now sitting at forty two cents.
And the thing only came out in October I believe or November maybe 20th.
So yeah it might be a play on that might be a decent bull market play.
I've heard people talk about it but a lot of people got the airdrops.
I don't know how many airdrop sellers are sitting around.
The total supply is ten billion and the circulating supply is one point five billion.
Oh shit like like like if people think chain links tokenomics are worrisome.
That takes the cake right there.
So yeah I mean this network is one of those if you can get it at the very bottom.
OK but it this thing could have some serious price discovery to the downside to.
These kind of things you have to be super careful with.
You're like oh look it looks pretty good. I'm early.
Next thing you know it dropped 90 percent.
That could happen with this.
Most of this stuff is pure hype and most of these things do not have tokenomics or a token value accrual mechanism that makes any sense.
I can be completely wrong about this and just be talking about my ass but generally this is the case.
This looks like it would be a relatively risky one compared to chain link.
Chain link sort of chain links sort of like downside is well understood.
Whereas when you have a coin that's only been out since November and it's at a six hundred bill market cap with four billion F.D.V.
Man just good luck with that shit.
You have kuji at four hundred million mark cap and pith is six hundred million.
That's just a disaster waiting to happen.
I'm going to get fifteen ninety eight. It's kind of teasing sixteen bucks now.
Don't go buying this shit here by the way.
I'm not mostly just like watching the elevator go up. I'm not really I'm not adding anything here at all.
Whatever position you had in chain link should have been had like that somewhere in the fourteen to fifteen dollar range maybe twelve maybe lower.
This is not where you should be buying anything in my view.
You could you might write a pump here like a breakout trade but it's not what it's not what I typically do.
There's plenty of other stuff by the way that is down that is probably a better risk reward ratio than buying chain link at this price which you like if you own chain link here.
You're waiting for the leverage traders to pump your bags and then dump on them. That's really the bottom line.
You dump on them before they dump on you. That's really what this is.
What you should not be doing here is like buying heavy amounts of chain link at a breakout here necessarily.
Now having said that watch it run and you wouldn't be pissed at me for saying this but whatever.
It's not my strategy. I'm not adding any here.
So daily here what in the hell hex is running.
What were the hex retards by now.
I should have known better I should have bought some fucking hex that guy. That's got to be the most hated coin right.
That dude in his Louis Vuitton shit and everything.
It's very funny like I was in France and I went to that you know the area where all the shops are. What is it called the.
I don't know how you pronounce that place. Anyway it's got that line of like shops.
The Louis Vuitton's and the Prada's and whatever.
So my wife weren't you know check it out so I bought her some things.
And I find it funny when people are wearing like head to toe.
Like designer shit like you have like Louis Vuitton all over your.
Shirt or jacket and all of your pants on your fucking shoes.
Like some of those people just try too hard. That's what that rich Richard Hart guy. I don't know if he's good.
That's a weird flamboyant freak.
But I just find it funny.
People are coming in from like China into Paris.
And they get that discount there on the on all the products and it costs them like half as much or some shit to buy in France.
And you can get it like duty free and stuff and you had tons of people from China coming in buying like French products and stuff and running with them.
But yeah like some weirdos that like head to toe in weird designer shit.
Was it called Balenciaga or something like you'd have Balenciaga shoes and then like.
The fuck spends that kind of money on shoes like I understand like I have a lot of money I'll spend fucking crazy money on shoes and be a fucking moron or something.
All right. Yep. There we go. 1602.
So I said like the magic number was going to be.
Maybe like 18 dollars close for chain link at by tomorrow at I believe candle close is what time 6 p.m.
We are at 19 hours from close.
So if you can get to 18 dollars and park there.
Within the next 19 hours that'll be a bullish monthly candle close.
And it'll just be just chart art at that point.
Like that's just signal to everyone that the game is fucking on. Let's go.
It's a full engulfing candle of the previous month.
Yeah like an absolute beautiful like hammer candle meaning like you have a big dump.
You run up all the way back up again because everyone loves the coin and then you beat prior month high on top of that.
Yeah it wouldn't shock me too if we just ran straight to 21 like by even tomorrow.
That'd be a really nice candle.
Because that would put us like the bottom at like 12 dollars running all the way to 21 in one month.
That'd be very very good.
But yeah definitely link is now leading the pack except for render.
You see what renders chart looks like.
I don't own any render this time.
Made some money and sold it.
Yeah it's doing pretty well.
See how close it is to all time high.
I see where do they have the longest price history. Maybe Koo coin.
Yeah render has a high of nine dollars.
And it's sitting at about four dollars and sixty six cents.
It's definitely a lower market cap of course.
Kind of like play with its FIB levels and see what's happening here.
I haven't drawn this one for a while.
It looks like it's going to be a little bit lower.
It looks like it's going to be a little bit lower.
I haven't drawn this one for a while.
Its top was eight dollars and.
The top was about eight dollars and eighty cents for render.
If I get this to drop properly.
Yeah so pull back to twenty seven cents.
God damn that's some terrible performance from the top to bottom.
So it pulled back how much.
Like ninety nine percent or something.
This thing does work right.
Ninety six point eight percent from the high.
Eight dollars and eighty cents down to twenty seven.
It is recovered to four sixty seven which is super admirable.
And it's one of these kind of like deep in type plays where you you use the coin to pay for rendering services on graphics GPUs.
So it actually the coin sort of functions is doing something you can buy shit with it.
And it's done a pretty good run.
It's running a bit today and.
From four sixty seven to hit the eight dollars and eighty cent top looks probable at this moment.
If it breaks five twenty five which is local top it'll probably run to high.
It's also on Solana which means that like these people that are Solana rich.
You know can pile into these things so that can that can make it run as well.
Ecosystem tokens of course are in leverage play on the primary token of ecosystems and Solana is doing well.
Render has done well as well along with it.
But I just bring it up because on crypto bubbles renders up seven point four percent today.
Link is up six point nine. Hex is up six point five. Hex.
Like feel dirty talking about it honestly but now I wish I owned it.
To the Richard Hart bastard is in prison or something now or running for his life or something I'm not sure which they catch that dude.
It'd be so funny though when it'd be one of the humorous things if like the fugitive coins like hex and Luna and everything start to run.
Everyone that has a founder that is on the run starts to run.
Hex is fully diluted valuation is five billion.
It's twenty four our trading volume is one point four million. That's it.
And the market cap is not available for some reason.
We're all the hex tokens. I don't get it.
Maybe my market cap has a more clear idea.
I'm not buying hex tokens by the way. I'm just just curious.
Mark cap of one point six billion.
At a peak price of almost 50 cents and it's now at.
Less than a penny. It's at about a penny.
That's a serious retracement there.
The hexagons are probably not pleased.
Are people talking about hex.
Why hex is up is that two weeks ago crypto token analysis.
So huge moves repulsed Shane hex and Richard Hart.
These are the kind of videos popping up on YouTube.
Richard Hart dismantles hex hater.
Huge gains inbound for hex impulse chain 16 hours ago.
And I got to tell you though like the hexagons have.
A fucking show cartel beyond almost anybody.
Except maybe lunatics or something.
But hexkins are even more delusional that that's some weird fucking people.
So I suppose it's possible that.
Maybe it runs I don't know.
I'm going to feel bad of hex runs and I was looking at it now and it 10 X or so shit.
It's like worth a penny right now.
At one point five billion market cap.
I don't know I'm not going to be exit liquidity for these retards.
Cheetah madman what are you guys up to jazz as a working or what tonight.
You're talking to myself.
This is the this is the link porn hour.
So where you hear like sweet talk about Lincoln goes up.
Yep 19 hours for you guys to pump link to 18 18 bucks.
That's what we need to have happen here.
You guys go buy the fuck out of it.
Not financial advice and all that.
Be a beautiful monthly close we do that.
Yeah you should get used to using sort of like.
One is with the charts and things.
Don't even look at colors on candles.
Like just makes your brain wired wrong.
You look at like if you use like a trend reversal candle indicator that gives you
a general idea of directions that's helpful.
But then I don't use candles even I use bars.
There's something like candles that sort of like makes your mind think differently.
And you look at like weekly and monthly charts is a good idea
because it really really gives you a better perspective of like.
Like where you are performance wise.
You know like a really bullish weekly candle with a really wide.
You know candle but then closing to the upside is really really good.
You want like deep retracement deep dumps and.
You know merger all the liquidate all the long positions
and then you want to pop to new highs from there fast.
And that's the kind of like velocity you'd like to see when it comes to these markets.
Hey jazz what's going on.
Just speaker working can't hear you.
Maybe there's a connection problem.
I can hear you now sort of.
Jazz waiting for the hundred forty dollar link.
Yeah dude just chilling on the link.
My wife's birthday was today so it was.
Doing some stuff around the house and we have two young kids so doing some
Runen slash cow have been showing some life over the past week.
They're both up around 20 percent.
All of most of the total three like the Altcoin space.
Most things have recovered a little bit off of those that pullback.
What we'd hope for chain link is though we have relative performance better
Especially because we haven't run up to like.
You know as close to all time high as some other shit has.
You know relative FIB levels you know we've like chain links made it up three
And some things have made it four or five FIBs already.
This last year so I think chain link.
On the other hand there's some other ones like Doge and Litecoins and
DynoCoins and things that haven't even like they made it to like one FIB and
that's it like that's and then they did petered out.
So I think like in link has the right balance of sort of like bullishness
You know has it run yet to where there's still gas on the gas on the tank
Exactly you still have a little bit of space left to move even just to catch
up to BTC right like if you just catch up to the same FIB BTC was that we'd be
So it wouldn't shock me at all if we finally catch up quick to BTC now.
That would be that would be like the optimals like the optimal target right
now over the next like couple of weeks would be to get to thirty one six and
to get there quickly because then what happens is you light up the Christmas
tree and everyone's like oh Santa Claus is coming to town and like you know
then they all start looking up link videos and shit right.
The the the searches follow.
Follow price not the other way around like it just doesn't it almost it just
never works this way it's not like except you know the exceptions that would
be is like back in October whatever in November when the there's a really good
bankless episode with Sergey and company on there and Sergey is just fucking
school in the bankless guys because just they're just clear and headlight.
Well because like what are they going to say exactly you're talking to Sergey
Navarov and like you know that the wise things do is just shut your fucking
mouth and just talk right.
That's pretty much what they did but it was a good good episode and had a lot
I went back and looked at that and I'm like hey that's right around the time
right after that where Chainlink ran.
So I think a lot of people watch bankless and it ran.
So there are times when there's like a sentinel event in social media but most
of the time what happens is price happens for some reason leverage whatever who
the fuck knows price goes up and then all of a sudden people start searching
So you'll watch like let's look at Google Trends right now for example.
I bet it hasn't budget all.
So Chainlinks making its way up and let me see what it says.
So what you do on Google Trends is you just pop it open type Chainlink don't
use a search term don't type Chainlink the blockchain that's a different thing
and you basically go and you say OK not United States but worldwide you say
give it a period of about a year actually five years a good time period then
you get like your relative to the all-time high and right now we're at a
level of 19 relative rank out of 100.
So the way that Google rankings work is like you know your it's Chainlinks
all-time high was back in like 2020 and it reached a level hundred back then
and every other like time people search for Chainlink it was much like
much less search hits essentially and right now we're a relative level of 19
compared to all-time high.
In the bull run of like so February 2021 we're to search hits of 68.
In the recent run up the bankless episode or whatever happened what date
it was like October was October 8th or something anyway whatever it was
after that bankless thing we ran to about a search hit level of 37.
So even though price is running up right now I checked yesterday we're at 18
and now we're at 19 barely any movement so what will happen is let's say
Chainlink runs to like 32 and you get a run all of a sudden you'll notice the
search hit start tracking afterwards so price is the meme usually or some
really really influential thing like lights the match somewhere.
And then of course like when did the conference happen over the summer right?
What's the conference called?
Was it summer or was it September time period?
May have been early fall 2023.
Because some of the search hits will probably happen from that.
When Google decides to be super slow.
Oh October early October.
So, yeah, you had bankless following right after that.
So you had kind of like concentration of stuff.
It's a concentration of stuff now at the same time.
Total three was moving to at this time.
So it wasn't like only ran up but chain link ran up a little bit.
So I think it was because of a mixture of the conference plus that that being
in September and then right after that the bankless episode and stuff.
So that kind of brings some attention to all the new shit they're doing.
It looks like and then and then now it's like it petered out and people got
They're like, Oh, your chain links like a fucking stable coin.
Like, you know, congratulations.
People might be in meme coins or something and they're saying that.
But like, you know, you can't put $10 million into a meme coin or whatever.
Like, like, so you can't you can't buy anything at serious size.
You know, with these micro cap things, no matter how much they're running.
So I think you can make an argument that link is like the best is like the best
risk reward ratio for like whales at the moment.
Like, it's a good like the odds of it going to zero or not good, not high.
So and then like, let's say it dumps at 12 bucks.
It's probably going to come back up.
So you're not going to lose your money in link most likely.
So I think it's a safety play to you're not going to you're not going to run
into liquidity issues, even at positions of, you know, $1 million.
Plus, that's why you see like on the like the notifications on Twitter where
it's like these these wallets like just are loading up on like millions of
Like, obviously, you know, that's not just your retail investor.
There's plenty of people that slosh around a million here and there.
Like now, if you get to 10 million stuff, that's you're getting a pretty big
size. But there's definitely people on the wealthier end of the spectrum,
especially in crypto that will throw a million around here and there for sure
in spot bags because it's it's way safer to be in some kind of a spot link bag
than it would be gambling like let's let's say you gambled one fifth of that,
but you did like a, you know, you did it like on a 5x leverage, right?
You can make the same move, the same money, but then you have to pay the
possibility of liquidation risk and you have to have stop losses and everything
and the fees and everything.
So sometimes a spot bag, if you have the capital laying around is actually
cheaper to get the same price exposure.
Oh, yeah. No, I just mean that, like, if you're throwing a million dollars out
chain link, you're probably have a decent idea of what it is, right?
Yeah, you're going to you're going to have some familiarity with the project
But the way people have been like some of the fudders and stuff talk,
they make it sound like it's not an obvious YOLO type, you know, play.
I think with the right perspective.
You could go pretty heavy into it.
Yeah, liquidity wise and, you know, sort of going concern wise and all that
good stuff, I think it's for sure.
I mean, let's be serious here.
Like, what is the crypto space exactly?
But a speculative shit show.
The reality is this stuff that has marginally not even close to the narratives
that link has have done better.
Yeah, like so like like what business does.
Injective have running the way it has.
Like these things are not.
There's nothing on these even something like, you know, Casper, which, you
know, it's a little different because it's a proof of work token.
But like, is anyone using the thing to like transact or anything?
Like probably not really.
Yeah, like you're going to use it to store value because it's proof.
But like, you know, it's it's still at the end of the day sort of mimetic,
you know, from a value standpoint.
You know, you mentioned the bank list stuff.
I thought that I thought that.
And and on log and on log scale, to be fair, Casper is definitely slowing
So like normally a line sort of you draw a line on a log scale, it's sort
of like it's it's very exponential.
And it's still relatively on a log curve.
It hasn't really done a gig a pullback, but it definitely could.
Casper its volume has fallen off into oblivion.
So like now the risk reward is looking probably dubious for people.
So it's looking kind of toppy in a sense.
You're like, wait, what do you expect him to gain at this level?
Yeah, it's it's interesting because.
Well, I think while I do kind of hope like something like Zeph follows
and the Casper's footprint in terms of kind of price action,
I do wonder if we need Casper to hold up in order to like be the torch
bearer for all like all of these other proof of work coins.
Yeah, I don't wish any ill will on the thing.
Oh, yeah, definitely not.
It going up is a good one for everybody.
But so now the more the more sort of like coins that are pumping
and the more happier that people generally are in the crypto space,
the more everything runs.
It just spreads the euphoria and the people talking at the water cooler faster.
So if you had to guess, you think we've put enough bottom at 1040
or do you think we like have a quick deviation to like eight bucks or some
So that could be a logical level.
Didn't quite didn't quite hit that.
But you know, like it seemed like the capitulation for Zephyr was from
that sixteen dollar level.
Like it went straight down from like sixteen dollars.
Actually, you look at the chart.
It went straight down from like twenty five to ten forty more or less.
There will be a tendency for that to happen because like remember.
So the way this works is there's people that bought like two dollars.
They're sitting there waiting going.
But then when it starts to drop, they're like, oh, my God.
Like they see they see like these multiples disappearing before their eyes.
And so it's not a surprise that some of them will will cash in because they
think that they're so yeah, capitulation is a legit thing and that the fear of
losing your gains is just as good a reason to sell as the people worried that,
hey, could go down lower.
Like cutting your losses kind of thing.
We're not even losses, but like, yeah, well, they're sure there's people that
bought high that are like, oh, no, it's gone down.
I'm going to sell before I lose all my money.
But there's also the people that just simply don't want to lose all their gains
and they don't know how far down something's going to go.
And so they tend to push it down, down, down.
So it depends on how strong the cult is, essentially.
But an 80 percent retracement healthy, though, in that we've already gotten it
So the chart looks actually investable now.
Like if you bought Zeph now, you know, and the breakout previously was like six
bucks and now you're at 12, you know, that's not a bad buy at all.
So so so a good looking chart.
If you look at the micro caps that ran right around the time Zeph did, you know,
their charts are all wrecked and they're the ones that are most likely to run
Like, you know, that's smart money buys wreck charts.
That's like if you're going to put a if you're going to put a million dollars in
like what price level do you start considering doing?
That's all you have to ask yourself, really.
Not so much what would I do if I had a thousand bucks or just adding to my
buy this motherfucker and pump this thing, right?
Like, you know, you're like you want to make a good 10 X off the thing, you know,
pump it on your YouTube channel or something.
So they need to make sure that they're getting in where there's a good ROI
and and they think, you know, someone thinks they can.
Are you buying any more between 11 and 12?
Are you kind of like biding your time, write it back up if it goes up or like
lower if it happens to at this moment, I'm hoping that it goes sideways here
and that link runs to 32, which will double my large bag of money.
And then I can sell a little bit of that and then just buy as much as I want
and basically overwhelm my previous amounts.
And if I get lucky, you know, it's riding low like this and I can pick it up
So link is easy to like just transfer over to Mexi or whatever and convert it to Zeph.
So that's one of the bags I was watching.
I was like, maybe I'll take some of that link if it runs, does it to X and
and take a small portion and just, you know, pay the tax pay the cap gains on it
and then maybe buy some of that or maybe buy back link a little lower or something.
But at that level, like once you've sort of run a large market cap up and you've done a 2X,
it does make sense to them grab the micro cap that hasn't run yet.
And that can like, especially one that has a rec chart already.
So like your downside is somewhat defined.
Yeah. And the way the chart looks right now, I for Zeph,
I would say we probably need to spend at least a couple of months going sideways,
maybe not that long, maybe like a few weeks.
But the way it's developed volume wise, especially like it looks like it's probably
what what it wants to do is like build a strong base and then start the grind back up.
Most likely I'd like I don't think it's going to be like a V move, if you will.
Yeah, I think like you could you could theoretically in February,
sometime this coming month, get back to 25 bucks.
That would be sort of like that bullish last little cup at the end of the the best model for.
What this chart you'd like it to do would be if you pull up a BTC chart back from.
If you pull back like, yeah, you do the twenty seventeen bull market chart,
you know, where it goes to twenty, you know, twenty K Bitcoin or dumps and dumps and dumps.
And it just finally creates like this floor at like six thousand and everyone in Bitcoin back then is like,
OK, six thousands of floor.
But it kept doing this descending wedge and it looked worse and worse.
It kept retesting six thousand.
And then it then, of course, it capitulates and he goes, damn, straight down, like right down to three thousand bucks.
I don't know if you remember this thirty one hundred. Yeah.
And that time period is interesting and it formed just like cup.
And that took how long? Let's see from twenty eighteen November.
It took to May twenty nineteen.
But remember, the market cap of BTC at the time was much brighter.
So these things tend to play out where they do these moves.
And then you might have another bear market rally after that.
So if you look at Zephyr, so let's say you did a similar thing with BTC and we're in that move now, we're in the capitulation move now.
Right. So let me put my charcoal jacked up.
So, yeah, you but you do it in a much short, a much more foreshortened time.
Yeah, because it's like much smaller market cap.
So you'd be like, OK, let's say we're in that dump cup now and we head back up to around.
Yes, like the volume resistance now is at seventeen dollars and fifty cents.
So let's say you get back to the air by February or so and then you run back up to maybe like twenty seven.
Whereas the twenty nine is like the last resistance.
And then let's say you dump one more time after that and then head up.
That would be a pretty typical thing.
And that would put us like, you know, that would have this playing out through like March, maybe February, March, which wouldn't be which wouldn't be outlandish.
But there's also other shit coming, right?
There's like the Zephyr swap.
Yeah, that's interesting.
So like I don't know what mechanism that's going to be as far as like back end.
Yeah, like so is all like is it going to be like a privacy deck?
So like, I mean, it's on this.
Yeah, they have Monero on there.
The logos they had on there was like BTC, Monero, like Doge and Ted.
So they're going to be like rasped points on the Zephyr network.
I think it will be functioning more like a third chain or something.
In fact, it wouldn't surprise me if it's a third chain fork of some kind.
That would be really good.
If they actually did a third chain fork and they actually incorporated ring signatures
into that, that would be damn bullish.
I don't know if that's what it is because then you'd have native assets of everything,
You wouldn't have like a bridge if this is some kind of atomic swap thing.
Like it's good for small time amounts of money, but you can't port lots of money
Like you'd be nervous that someone's going to rug pull or hack your ass, right?
Like it needs to be something decentralized.
And I don't know of anyone that's built a tech that can do this.
Even the third chain people didn't incorporate XMR yet, right?
I wonder who made Zeph though.
It's quite like building a DEX of this type is an ambitious thing.
Number one, like just having followed third chain for years.
This is an ambitious thing.
So that would mean that these devs are pretty fucking good if they're actually
able to pull this off correctly.
And that begs the question like, wait, who are these guys?
Like they're technically, they have technical prowess.
They understand the Monero stuff.
They understand how to set up the wallets and copy all the Monero shit,
which is basically just a simple fork.
They understood the DJ stuff pretty well and were able to incorporate the stable
corn architecture and add the moving average thing, which is not standard.
They added a privacy feature of be able to print extra wallets,
which I believe XMR does not have.
So like the Zephyr wallet, you can make extra wallets, right?
That's kind of weird to use though.
Have you, have you actually tried using that?
Because like, I wish it would show you were like balanced by address,
but that's not, that's not exactly the way it works.
It's kind of like, no, it's just an alias.
It's kind of weird though.
It's not a separate, it's not a separate wallet.
But so let's, I guess my point is like, let's say, okay,
I want to like, uh, withdraw from Mexi to one address and then transfer
from that address to another alias address.
That transfer transaction is not extremely obvious to track within the,
Like it, it sort of like disappears for one second, but it doesn't like,
You didn't need to ever send it back to like one of your own aliases.
You'd send it to a new wallet, if anything.
Like there's no purpose sending it from your wallet to an alias wallet.
You're still in your, the stuff still in your wallet, right?
Oh, so are you saying like create a new or like do a new alias for every
withdrawal, like for every withdrawal you might do from a CX or.
What you would do is like for each, each central exchange you use,
you just create a different wallet address.
Because, and then you can save that wallet address on that exchange and
nobody knows that all of these are you, right?
Like there's no way to know that all of them are connected to the same
So like, and you couldn't do that with XMR apparently.
There's like a new, new thing.
These guys added, but my point of all this is to say that like,
these guys are technically pretty good.
So that makes me more like the more I played with it, the more I'm like,
okay, these guys know what the fuck they're doing.
This doesn't seem like some kind of random rug pullers.
I'm thinking that it probably,
they can pull off the decks and everything else.
There seems to be a demand for ZRS, right?
Like every time people can like swap into it, basically.
I don't know. Not too much yet.
I think what we'll see is if we have another run,
we'll see how many people convert to in their wallets, right?
To convert to the, you know,
we'll convert to ZSD basically at that point.
That'd be interesting to see.
You know, using it as an actual like stable coin in the ecosystem.
But the problem is like fees are high, right?
So it's not really geared to easily convert.
You'd have to have like strategic moments where it works for you.
We see a Martin's up to Martin.
I was actually going to ask about the Zephyr
and also ZSD because I saw that there was like quite a good amount.
I think it was like a million and a half or so in ZSD.
And it just put it back to a million.
So there was a big movement, like a third of the ZSD that disappeared.
Yeah. Someone minted half a million worth
and they probably just traded in and out.
Like maybe they at a higher price, they minted some
and then like lower they bought their Zephyr back or something.
That's the intent of the thing anyway.
And when people do that, it's good for the ZRS holders
because it creates a lot of fees for them.
So it's good when people use it.
Yeah, that's what I was wanting to talk about.
But you guys covered all the other Zephyr thing.
I'm mining with two rigs for my kids.
And it's just chugging away.
So yeah, I was just wondering what your user runs up.
Yeah, so far I've mined myself since late November.
I'm getting close to nine tokens, I think.
So it's chugging along pretty good.
The computer's been running flawlessly.
No problem for that whole time.
So I don't really have to touch anything.
And maybe to add to that, even without,
I know that the hash rate is going up,
but the rewards are pretty stable.
I haven't seen the rewards going down,
even though there's more hash power.
Yeah, the hash has been going up and down, though.
The place you can look at this is Pool Bay.
P-O-O-L-B-A-Y.io has a good chart.
Yeah, it's picking back up a bit.
It was kind of capitulated a bit,
down to like 1.37 gigahash.
It's back to like two now.
Yeah, if the difficulty goes up a lot,
then it makes it harder for you to print coins.
And the difficulty goes down, it's easier to make them.
And typically with proof-of-work coins,
a secret is that generally you buy
when the hash rate capitulates.
So when you see hash rate dump,
when it dropped to like 1.37 gigahash on the 19th,
because it means that as prices are falling,
the miners found something else better to mine.
And so this is something cheaper,
which means your coin's price is less attractive to miner.
Maybe they're not able to pay the bills or something.
So hash rate capitulation is a great time
to buy proof-of-work coins generally.
But you were saying like the difficulty level.
I've had a pretty consistent production of coins for myself.
My thought is that if this gets to like
a multi-billion market cap type of like Monero thing,
if you can get to a Monero level
and you're running like $1400 a coin,
then 10 coins will be like north of 10 grand, right?
It should be pretty good.
I was just wondering because I looked at this pool bear just now.
It looks like the 50-day moving average
went from like just under one gigahash per second
So I'm still wondering why the reward wouldn't go down.
Yeah, I see what you're saying.
Yeah, I'm not sure exactly how it's calculated,
but it's definitely weighted to give more rewards
The difficulty goes up more.
So difficulty goes up because of two things.
One is the current hash rate,
but it's also at the block height too.
I don't know what the exact formula is, but like,
so let's see, right now we're probably,
how much has been mined so far?
Probably like 3 million have been mined so far.
Yeah, circulating supply is now over 3 million.
So it's at 3 million, 8 thousand.
And so as more of it gets mined out of the 18 million,
then it also raises the difficulty level,
not just the amount of hash rate at the moment.
Both have a role somehow.
So I'm not sure how that works, but it'll go down after a while.
You know, like a year from now,
probably circulating supply will be, let's say,
I don't know what the curve looks like,
but let's say it's 5 million,
and then it's going to become harder and harder to hash it.
So what we have to decide at that point is like,
is it worth mining this or not?
For like a small time miner,
you know, is it worth the power
or using a computer for this?
Yeah, what's the cost to mine a token?
Or like, what's your cost to mine? Have you calculated that?
Like, my electricity cost is nominal at this point
It's like not even worth probably mentioning.
The devices themselves were like,
I mean, I spent between the two devices,
how much did I spend maybe like,
probably like $1,700 or something like that.
I have two slightly different ones,
And so the second was more expensive than the first
because I just, you know,
I made a mistake with what I bought the first time.
If you want to mine Zephyr, by the way,
the 7950X is the optimal chip right now, I'd say.
If you want to have a decent PC after the fact,
Well, that's part of the thing.
It's like at these prices,
I feel like just buying the thing is like,
maybe arguably even better just from like a.
So typically that's exactly right.
Like if you see the times when the price is really low,
it actually makes more sense to buy the coin.
And I have like way more coin bought.
That, oh, I have like way more than I mined.
So mining is just for sort of like the shits and giggles
and to be paying attention.
Like being involved with the ecosystem and stuff.
You're like more mentally invested if you're mining
and you know what the hell is going on.
if there are any technical issues and shit like that.
So I feel like you're not thinking about it as much
if you're not mining and it's helpful if you're going to
invest in something like this to be like doing that,
if nothing more to understand the network better and watch
Because here's the thing.
Like if you're feeling like, hey, look,
it makes sense now because of the price of Zephyr.
buying mining devices and mining this.
Then you'll understand the mindset of the other miners.
Like whereas because right now so far,
a lot of coins have been mined.
And depending on whether or not it's profitable to sell
a lot of those miners are probably not selling like if,
in a 35 million market cap coin,
there's like how many like $200,000 worth of Zephyr coming
I think something like that.
this market cap wouldn't hold at all.
Do you know a vast majority of people are not selling?
Because if that, and it's also,
I think noob posted that like Zephyr is the most popular
So there's only so many CPU mine things.
But the point is like Zephyr has more attention than a lot
because what is a miner after all,
it's a speculator, right?
I want to mine this thing because I think the coin price
I don't want to sell because I believe there's merit here.
And then there's like people that just mine whatever random
thing just to sell it immediately,
because they feel like it's profitable now.
people who are coins aren't necessarily profitable early on
and they're very illiquid too.
Because what was its all time high in terms of market cap?
130 billion or something.
You basically have to be betting the coins almost dead forever.
being on the other side of that is a pretty good bet,
if you assume that like the difference though,
is that it's easier to get to all time high the first time
because the market was probably less liquid.
The price levels weren't defined.
It was just pure discovery and stuff like that.
but the order book depth was probably less at the time too.
there weren't as many coins on the market either.
It was like two and a half million then.
And now there's three million.
All of that changes the dynamic as it's kind of a moving target.
like over the past few months,
more attentions come on it too.
So like slowly new users show up, right?
So that tends to overwhelm some of it.
And then if you go long enough,
you eventually get some whales and things that decide to buy
and then chill it on YouTube.
And then the longer it goes,
it's just more time to accumulate that way.
If it does even run to say 35 to 40 again,
you've accumulated such a large position then.
And from here at 12 bucks,
you're at a 10 X already.
So that's the other thing.
the easier it is for people to visualize a 10 X again.
it's people's imagination that you have to capture.
And what they imagine is,
that's the vision of their head because clearly everyone's in it to
speculate more so than they are about the health of the project.
If you want a three X you buy Bitcoin or whatever.
So you're going for these for the 10 X's and like people want to be able
This is why like there's a fair amount of layer one alts that ran like
all this stuff that I've been following like has run.
the bigger those market cap gets the same story.
And so this is why they have flattened out is they,
you see this buyer exhaustion because they're like,
Oh, this doesn't look attractive at this level.
I'd like to get it only if it pulls back, you know,
And then that leads to self-fulfilling prophecy and things start dropping.
you just wind up with more buyers,
the sellers than buyers and it goes down.
Like I think with new catalyst coming for this with new decks and this
there'll be sort of more things to talk about.
these coins don't like proof of works systems don't have as much to talk
about in terms of memes and shit compared to layer ones because layer ones
they got airdrops and shit and they got,
some inflationary awards.
You have to go click a button every so often for you have YouTube videos by
all the different protocols that open on the layer one.
So layer ones sort of create their own buzz and network effect at some level.
Whereas these proof of work things don't have exactly that same concept rely
on more externally generated hype and that sort of thing.
there's an anonymous protocol so you're not going to get a whole lot of
No real face to the name or whatever.
which is either good or bad depending on,
what you believe in the crypto space should like,
I think it's good because then,
for a privacy system you can't,
there's nobody to arrest basically,
So it's better for the ecosystem,
you don't want like a tornado cast situation where someone gets arrested.
any system that can maintain without,
with sufficient decentralization and anonymity is better to me.
like let's say there's the team is selling dumping on you.
Like I'd rather just not know that because then,
then it doesn't create fudge.
You're not going to like middle one out of your bags if you don't know.
Jay's dumping chain link on this again.
you're buying security coins that essentially have like team tokens.
Like we think it's going to happen.
You thought that they were never going to sell.
they're trying to see like,
let's say the team sells some or they have to sell some strategically to get
some tether to do liquidity pools or something or whatever. Right.
Like it doesn't create unnecessary fudge.
and the team is well aware that if they sell too much,
they're going to take the price and make the chart look like shit.
it's not in their best interest to you know,
it's the way more in their best interest to make the protocol work than it is
to have it do poorly because they have a substantial bag and they're going to
So like you always want to make it so the team benefits from the coin price
make sure that they feel like they shouldn't sell.
Essentially the team has to have advantages.
I think incentives are aligned pretty nicely with Zephyr.
I think the team bag is a good size,
And if they sell some whatever,
it's true of most of crypto anyway,
right? Like if it's not team selling,
it's validators who are selling, right?
Always someone dumping on you.
there's always selling pressure.
You have to start your own blockchain or start your own coin.
Which people do by the way.
I'm going to start a meme coin this week.
Someone was on here earlier.
I got the new poly meme coin and he called,
start a cosmos all one during the,
during the fucking bull market.
you were talking about coins that like whenever a billion market cap
that shit was over a billion at one point in the top 100.
And now it's at 30 million.
when these things are a liquid and they pump like that,
everyone gets delusions of grandeur by the way,
do you know the funniest thing is in crypto is watching devs,
devs become euphoric because you think that like the only euphoric people
the investor or whatever.
when devs that are just don't have shit for money,
like see that kind of money,
like they're going to fucking sell.
And that's exactly what happened with that.
The judo founder is like,
like he's sold a lot of it at one time.
And he was selling like all the way down too.
I think a lot of people were like,
if you sell some at the top,
of course like we understand,
but he was like just continuing to hammer the thing out like a fucking
well some people will have like a large bag,
but the teams can technically stake those coins.
So what they'll sometimes do is they'll stake them and then just sell their
words and they're getting a lot of words though.
there's different ways to sort of like sell the team tokens and such.
So let's say the founder sells tokens.
you look at the tokenomics,
the teams has this much token.
If the team sells the price,
the coin is going to dump.
is that like you don't know for sure exactly in a privacy system who that
And at least then the founders aren't funded into for the rest of their
lives because here's the problem.
If you've fed the founder for selling tokens and you say,
then all the bag holders that are left over the developer,
or the whatever the dev is like depressed and shit.
He doesn't want to build anything and you wind up with like,
it affects all the rest of people in the ecosystem.
like other projects that want to build on the ecosystem are going to be
like, oh, this dev is a dumper.
Like, why do we want to participate in this thing?
And it just basically floods itself into oblivion.
So I think having a privacy layer is important for not only teams being
but teams being able to pay their employees for one.
it's like if you're going to give grants and things,
different groups, does the general public need to know all that shit?
So the problem with open governance is like not only that,
but you know who everyone's voting for who that's the other problem.
So like it's without privacy for voting.
If a validator votes a certain way on a certain proposition,
everyone hates that validator.
So it's like a weird democratic lynch mob without privacy.
if you're in like pure democracy at its finest.
And pure democracy at its finest is not like necessarily good for the
The everywhere in the community hates each other at some point,
for some reason or the other.
It's so-called community.
like a swingy mob rule basically back and forth.
you're talking about like technical things like blockchains and whatever.
And the general public believes they know more about tokenomics or whoever
or whatever other issues being voted upon.
And the reality is that most people don't like,
it doesn't take very much to buy some tokens.
It doesn't make you a genius.
It doesn't mean, you know,
like everything about the fucking block you should vote on.
it's easy to fall into different camps of tribalism because like,
you don't know very much about it.
so-and-so that I trust said such-and-such validators and asshole for voting
for XYZ project and start to stuck in bullshit about everything all day long.
Governance politics is just boring.
I understand why Satoshi made,
like BTC mostly governance free and mostly immutable.
and there's a reason for that.
But that's what I like about Zephyr's base being proof of work.
And I think if they make the swapping mechanism in the background,
if they decentralized that,
I don't know what they're going to use Chainlink or what,
but they can decentralize the remainder of the thing.
I think they're probably waiting for a few more exchange listings.
They need more exchange listings to get.
Because it has to be like price discovery has to happen more than,
if they get a finance or something else later,
then the plus side to that will be that you have like enough volume and price
speeds to make a proper decentralized system.
Someone posted that KuCoin had like an article on Zephyr.
I don't know how many coins they do,
they do articles on that they don't list for,
came out like a week ago.
How to buy Zephyr protocol.
Are you interested in buying?
Oh, is this some kind of marketing gimmick?
We don't actually have it,
Do they do this for like every crypto that exists ever?
This is just a robo article.
buy it on a centralized exchange.
I guess they have the price.
Maybe they have like a price chart.
how many things do they do where the,
they don't end up listening?
This is literally a pure,
this is a pure rebel article.
The only thing that changes is the name of the coin.
it's like this like identical.
They're doing this for like SEO for,
search engine optimization.
So people are searching for Zeph.
People sign up because they're dorks.
But now they're signed up for kook.
maybe that doesn't go anywhere.
It's pretty funny though.
Zephyr protocol exchanges,
list of exchanges where you can buy,
he's one of these like coin market cap type web pages.
The vast majority of the volume is still on mechc.
no kyc has only like $530 worth of volume.
so it's a little bit centralized,
but a lot centralized in the sense that it's still only on mechc.
They need one more big exchange.
So that if like something happened to mechc,
then you have a place to trade this thing.
I guess Kucoin is pretty logical next step,
what other exchange would be a good next step?
especially if the thing moons,
is there going to be enough liquidity just in one exchange?
That's also the plus side of being able to convert to ZSD,
like all you have to do is swap to ZSD and wait,
however long it takes for there to be like,
another cup of the price.
it's still roughly stable,
which is all you really need at that point.
So it functions as a trading instrument basically,
like the entire exposure is for the ZEP.
It's not for ZSD and the utility knowledge.
the PowerPoint trading instrument in your wallet is super,
It's the same as like Luna UST.
Like it wasn't that I cared to hold UST or even earn the Leodes from it.
It was the fact that like within your wallet,
you feel self-banked because you can swap back and forth about a sex.
That's the powerful sort of like feeling that you don't need to actually go
anywhere to do your transaction.
even if you have slippage and fees or whatever,
like who doesn't have slippage and fees at this point,
like most exchanges charge quite a lot for fees and stuff now.
especially big ones like liquid exchanges,
like Coinbase and Kraken and stuff in the US.
They charge you money anyway now.
it's like whatever like you can get it.
You're always going to be paying a few basis points.
But if you can hide the fact that you've made this transaction,
It's even more nice because that has an obvious impact.
Anything that happens inside a black box can't be proven.
And so therefore you're not liable for it.
only what can be proven can get you in trouble.
Innocent, innocent until proven guilty, as they say, usually,
except what it's not typically except what it's not.
Anyway. Yeah. I think, I don't know.
What do you think? Link's going to hang around here for a bit.
it takes about a week probably,
but I'd like to see it pop by tomorrow. Like I said,
also we have to hope that it doesn't do the classic like show,
show strength into a Bitcoin dump of 10% or whatever.
It tends to do that kind of thing sometimes,
but I'm not, I'm not pessimistic or anything.
I'm just saying historically that that's happened.
it'll dump whenever BTC dumps is everything just sort of falls with those pairs.
I don't think it's anything and all coins do this.
it does this thing where it's,
it pumps into that specifically like it shows strength.
Yeah. But I mean, we've, we've knocked on the door.
we have about 18 hours left for this monthly.
We've knocked on the doors of this general level so many times.
It's like, I think at some point if we're going to,
we're going to break through it.
So that's the thing. It's like, we've been at this,
we've been pushing against this for months now, three months, three months.
Yep. This will be the third month.
Going to the fourth is continuing to hit that, hit that top.
But so you never really know because if you go on and on,
but with happening coming for April,
it looks like things are going to run like BTC.
This doesn't have anything negative happening right now, really.
Yeah. I think we, I mean,
you know, 20 plus percent pullback is a pretty decent size sell the news
I I'd be surprised if we stabbed much lower,
maybe we retest 39 K or whatever, but yeah.
The BTC pump was just like,
just leverage FOMO regarding the, yeah.
If it wasn't even like, I don't even consider that.
I don't even consider the sell the news,
sell the news would have been like a 40% dump.
Yeah. That's probably the year to me.
You're just saying it was just some leverage clearing base.
Probably just like normal. Yeah. This is like,
if you just look at the monthly chart for BTC and you pull it up,
you literally don't even notice anything on it. Like special.
It's just, you look, you zoom out like on a log scale.
It's like, it literally just like nothing happened.
It doesn't look like ETF got approved. It doesn't look like ETF got sold.
It just looks like a normal model.
Like quite literally like it's that's like,
he created any amount of stories on this,
but it's, it looks pretty solid.
Just a Tuesday or whatever.
Yeah, exactly. It's just regular January.
You know, it's just normal.
So it looks pretty positive. Um,
it's all reliant on cash flows into this ecosystem.
I don't know if it's on YouTube or what.
I don't know if it's trading, you know, until April or so there's,
you know, you know, it's, it's like a no trade zone.
I guess that's true if you're trading, but like,
if you're just buying dips, what do you care?
Unless you think it's going to be like capitulation for some reason,
but Hayes has been around a bit.
So he kind of has some idea what he's talking about, but, um,
some of these guys got these calls super wrong though.
They thought BGC was going to crash and whatever.
And it didn't like, like, like, like Ben Cohen.
He thought it was going to like go back to 20 K or whatever.
I don't watch him too close. Um,
Cohen, uh, what happens to him is I noticed this last season too.
This is back when he started becoming a little popular back in 2020.
Um, I remember I was like,
like buying BTC back in whenever the previous run,
I think I bought some at like, well, first off,
I bought it at like $3,500 at the bottom of the COVID crash,
but then I bought some more at around 16 K or so.
And I remember he was like, okay,
I'm going to be exiting some of my position here at 18. I don't,
I think we're getting too hot here. Whatever. Right.
Like after I had been waiting fucking like three years in a bear market,
that was, he's like, oh yeah, I'm getting a little.
So he gets into that disbelief. Yeah.
So the thing about him is like, you'll be in that disbelief rally.
And he's like, Oh no, this can't be going up now.
And he'll tell you stories about like Bitcoin dominance charts, right?
Like he'll be in there going, Oh yeah.
Like, yeah, the Bitcoin dominance chart,
his little bands or whatever his gold market bands,
he's going to be like, oh, I'm going to wait until 20 K.
And he's going to go all in.
That's one thing I tend to scale in on the way down.
So that way I can, I'm never, that's that way.
The simple answer is like, you don't know where the bottom is.
And you just have to escalate until you get there.
And that's it. Like that's the plan.
That's all you have to do. That's Bitcoin in that show. Easy.
It's basically free money. If you do this, like it's that simple,
except the fact that it might look like you're losing money on paper,
but just gotta, gotta be able to, you have to go into the,
you have to go into the red on the down. Yeah.
Because you don't, you don't know where the exact bottom is.
That's just normal. And, um, and that's it.
Like that's what you do. And then like, but then he comes up with these
ideas and he gets overly bearish and then people are like, Oh,
it's going to go down whatever because of he's, I said,
so it's cause I have a bad feeling about this,
but really like none of the metrics tell you anything.
Like they just like, like, um, there were a few metrics out there,
So I that's, that's, that's the real reason I don't get that.
And I just, I just, that's the real reason I don't if,
if I don't have a bad feeling about this,
but really like none of the metrics tell you anything like they just
like, like, um, there were a few metrics out there.
Like hashtag capitulation was pretty good for Bitcoin. For example,
Um, in the past, but like hashtag has been on a tear lately because we
old metrics just no longer work anymore too, you know, you know, like having like, it'll
be interesting to see after having what the how the hash rate changes. But some of those
new ant miners and stuff are just crazy powerful. Like the tech really, you know, pushed forward.
And a lot of people have already upgraded and stuff. So who knows? Like maybe these things
don't have the effect they used to. But yeah, he got into that. He got into this concept,
like, oh, Bitcoin dominance is X, and it needs to go to this, and then altcoins can run. But like,
you know, but then, you know, like, altcoins have been lagging so much already behind BTC. Like at
that point, the clear play was not to go, oh, wait, I'm going to ride the rest of Bitcoin dominance
to the way on the way up. It was clearly to buy alms. Like it was just so obvious, like, like,
so like, when I bought BTC at like, six, 16 to 18 K, I sold at 27 K. And then I bought Chainlink at
like, seven bucks or something, right? Like, in that in that bear market range, and I just added
to that. And then of course, now we're at like a, you know, 2x again, had I kept my BTC, I actually
would not be at the same level as I am. Yeah. Right. So like, the meat of the move for BTC was off
the bottom up to like, maybe, you know, I bought it, I sold at 27 K, you could have waited a little
longer. 30s or something mid 30s, maybe whatever. Yeah, you could wait a little longer, I suppose,
but it's either way, like, I got a good chunk. You know, you don't, you know, whatever. Yeah,
exactly. No, you have played perfectly. But like, thing is, like, the once you get to certain
dominance, like you, you know, you're getting close to all time highs, and all the alts have
not even moved yet. It's like the risk benefit ratio is more obvious. Because what you what could
have happened is, let's say BTC dumped. And now like, you know, and alts were already down. So how
much more are they going to go down? Not much. So your downside risk is already defined at that point,
you might as well just ride, you know, cycle into something that hasn't moved. Yeah. So same thing
here. If like chainlink runs to like, yeah, it makes it $32 run, you know, over the coming month,
and Zephyr hasn't moved, then taking a small percentage of that and dumping into Zephyr and
building my bag while it's low makes sense. Or, you know, you take a little bit of your winnings
and just go buy microcaps. And then they drive the rest up or whatever, you know, obviously.
But yeah, like, it'd be good, like summer to hit all time high chainlink by summer.
So 53 bucks by like, maybe end of spring, early summer would be awesome.
Super doable. Yeah, I mean, like, exactly when I don't know, but it's not going to surprise me
when that move happens over the course of like three months or whatever. Like, that's probably
what's going to end up happening. So yeah, historically with chainlink, you'll get one
gate of good candle here somewhere. We haven't seen one yet. And you'll see like, you'll run
like two fib levels in one month. And it's that run you don't want to miss. It's like, it doesn't
matter how long you have to wait. Even if you have to wait in six months, you never miss those
moves and grip. Like otherwise, what the fuck were you doing the last year and a half? Like,
why would you wait that long and then not? So you want to see those runs happen and they will,
like, it's just a matter of time. It's like it's just a ticking time bomb to happen.
Kareem, what are you doing?
Sephi, I wanted to ask you have your gigantic link bag or what?
Sephi, real quick, I'm gonna I'm gonna I'm gonna hop and go to bed and stuff. So but I'll catch
you later. Good talking. Yep. Yep.
Sephi, you know, I don't have a link bag yet, but I'm gonna wet my beak.
Promise you that you're gonna buy it like now. You're supposed to buy it at like,
12 bucks. One sec. What the fuck? Wait, what is it now? 16.
Are you kidding me? I'm not kidding you. I'm gonna fuck it. You know, dude, I'm so shit
sometimes, man. Like, I deserve it. No, 1580 is like, is where it is now. And that's at the
resistance. So the next fib level is like 21. And then 31. Yeah, it's attempted to break this level
like last three months. So pushing up against this one more time, it looks interesting.
Well, tomorrow's payday. So yeah, if you get lucky, maybe a dump one more time to 12.
Wait. Otherwise, it runs. But I just wanted to ask. Yeah, if it runs, you miss it. Not a big deal.
I just wanted. I mean, it's a big deal, dude. I'm poor. I want to ask you about the staking thing,
though, because I think that was the biggest theme was chain link doesn't doesn't have like an
tokenomics aspect. Yeah, yeah. The way that staking works is like the Oracle network gets built.
Then in the future, link stakers will get paid some of the fees within that Oracle network.
And so therefore, like you get some kind of real yield. For now, what's happening is is chain link
is using their bag, their not community bag, but the team tokens, whatever you want to call them.
And they are subsidizing some of the bootstrapping of those networks with with team tokens to pay
out the validators for those for those systems. So that's what's happening right now. Imagine
they're like little clusters of computers. And for each cluster that emerges, like so let's say
Arbitrum decides to run a cluster of nodes, then like, you know, you would new staking would be
open up as each of those programs opens up. Okay, so so more staking opportunities would arise as
time goes. And then those staking opportunities in the future will be real yield, they won't be
subsidized or something. So chain link is target is actually other chains, right? Like that would
be their biggest customer. Now, the biggest customer is going to the biggest customers
they're going after is one is Swift, which is the international banking consortium,
that runs about five trillion per day and assets they would like to incorporate with them so that
like, cash equivalents can move into the blockchain ecosystems with ease via CCIP.
The other big one that they're targeting is, and there's like, both Swift and DTCC websites both
cover this stuff that they're working with chain link. But their DTCC is the gigantic stock
clearinghouse for the United States. So all the stocks that you think of equities or whatever,
they are cleared there. And that what that means is like, you know, that's where it's the gigantic
database where like, which stocks exist, which where they currently reside, what brokerages,
right, all of that shit is housed at DTCC for the final settlement layer. And DTCC is interested in
tokenizing stocks. And making those tokenized stocks, like you keep track of them all via the
chain link CCIP ecosystem, so they'll know how many stocks have been issued. And then you'll,
they'll know like where those stocks are, are they on Ethereum? Are they on what? Because the CCIP
system will take care of figuring all that shit out. So what stock companies are not going to do
for sure, is they're not going to be like, oh, yeah, we're going to deploy on an Ethereum and then
oh, wait, oh, there's this new blockchain over here called, you know, you know, Injective, we're
going to deploy over there, they're not going to do that shit. No way. But they're going to want
a universal interface that they can work with and keep track of where all the different actual assets
are. And therefore that they know there's no duplicates, no bridging problems and all that
shit. So they're going to need a very robust system. So that's what the same thing has been
working on. But how come like a pulley or like a Carta wouldn't want to like get in the mix there
or like a Robinhood? Like, why is it on chain to tokenize stocks? Well, well, well, fractional
stocks, Robinhood has done that, right? You can buy a partial Apple stock there. But tokenizing,
it's a totally different thing tokenized on CCP would imply that if I owned Apple stock, like
let's say I owned a share of Apple stock on and let's say CCIP connect, you know, is available on
an Arbitrum, which it is, then what would happen is is that like, I could have one share of Apple
stock and Arbitrum. But then because optimism is also CCIP enabled, I can transfer that stock share
to Arbitrum, I'm sorry, to optimism. And in the background, CCIP would know where it went. So it's
kind of the bridge in the background. And then the DTCC, which is the stock clearing house would
also know where it went, because like, they are connected to CCIP. Does that make sense? If they
go to their dashboard, they're like, Oh, yeah, where's all the Apple stocks that we've issued?
There's a million Apple stock on blockchain. Oh, well, like, you know, this many are on Arbitrum,
that one on optimism, wherever all the CCIP enabled chains, you'd be able to find that share
on that various chain. Does that make sense? That's that's how CCIP is intended to work,
ultimately to allow you to tokenize these assets. The reason why that but they wouldn't want to like
work directly with a blockchain is why the hell would they want to work with like a dozen different
blockchains to do this? They don't want to figure out which blockchain is gonna be winner and a
loser, they just want to be connecting some protocol that keeps track of all this shit that
they can work with. And yeah, that's about it. And also, you have to remember you have to build a
distributed dividends and stuff, right? So if you have Apple stock, that stock produces dividends,
and you need to have that capability within CCIP as well. Because you can't have that capability
built on Ethereum, or you can't have a built on injector, whatever it has to be built on some
layer zero. So chainlink basically becomes a layer zero for all blockchains, in theory, and also
trad-fi related computer systems. That's the way to think about it.
Hey, Sethi, were you mentioning that about tokenization of stocks, right? So there's this
woman, she runs the Custodia bank, Caitlin Long, right? And she has been on to that topic since,
I don't know, 2014 or something. And she even was a president of a company that worked for,
I think it was Delaware, the government to provide some system. And the funny thing is,
you know, in 2015, they shut her down. So I'm following this this woman for a while. And the
thing was, she basically, when they tried to implement something, it's about shorting,
about this naked short selling stocks, right? So there's a lot of tolerances in the, in the
different like New York Stock Exchange and NYSE and some European or London Stock Exchange,
they never know exactly how much stocks are accounted for that. So they allow for tolerances,
right? So that's just a fucked up system that's like 100 years old or something shit like that,
right? Right. So this is how this whole thing comes to be that people can actually make a short
stock. And of course, there, and there are obviously some people that are really like
arming that possibility, right? Yeah, naked assets can be a problem. It's the same thing
as like synthetics on Ethereum, or like what we had mirror protocol on Luna. Yeah. So let me
just finish the story about that moment, right? You have fake, fake stocks all over the place in
theory. Yeah, so she tries to set this up. And it's like prelink, I guess, you know, so she tries
to implement that system for the, for the state government of Delaware. And she figures out on
the way there, because she has all this key specialists working that there's some hackers
that already rigged the system. So they know if there's some merger or something there in
inside the internal system, and she points that out to the lawmakers, right? And they just pull
the plug on the company. It's funny. Yes, it's bad, you know, it's just warm, but someone's going
to drain it. And if channeling does it, this is a huge money flow. That's, that's, that's ready to
go there, right? Because once, once, once this starts, everyone has to do it, basically. So they
all have to come clean. And DTCC and Swift are both supposedly like independent consortiums of
some kind. And I don't know exactly what their corporate structures are and how that works. But
yeah, it's like a DTCC is a gigantic corporation. I'm not sure, like, it's like the corporation that
none of us have heard about until we hear about it. Because of this, like, it's something you'd,
like, when you buy and sell stock, you don't realize that that company's in the background
doing all this shit in the background. I mean, there's obviously there are some politicians
that really have a beef with these kind of moves, right? I guess Pelosi, right?
Yeah. But anyway, Karim's question was like, what's the angle here? And it would be one
is to connect any blockchain to any others that incorporate the CCIP protocol. It'd be basically
putting an HDMI port on your, you know, Blu-ray player and on your Apple TV and on your TV. And
now everyone can talk because we have an HDMI port. So CCIP would be like, you know, that kind
of standard. It's like a communication standard. And then, you know, like, you can connect anything
at that point, you can connect any device, it's like an Internet of Things kind of idea. It's like
you can connect anything that has that protocol in it that and connect it to smart contracts.
Even if companies want to borrow against stock holdings, right? So you have to have it with their
bank and they just can't borrow it with the bank that that's holding the portfolio for them. They
just it's very difficult, like you want to borrow it in another way. And you have it deposited there,
it's not going to work. You know, you have to transfer the stocks to that other custodian and
blah, blah, blah. And that will change right with the HDMI port.
Sandlink is not about a blockchain. It's about the Internet of smart contracts. That's what that's
the way NavRab continually describes the system. It's not that this has it can be decentralized
because you have different nodal networks to run the different components of it. But it's not like
individually a blockchain, you can connect blockchains to this system. But you can also connect
like anything to this system, any computer in theory. Yeah, I mean, there's basically to this
date, you have to get approval of whatever you own, right? So you have to go to the bank, get a piece
of paper in some countries, it's still like that. And they have to step it and then you have to
bring it physically to the other bank to evaluate if it's there, right? So with blockchain, with
something like what training is doing, you can actually have a cryptographic proof it's there,
right? So there's no more bullshit going on. And this will really go into. Yeah, you basically
give a token to the bank and the bank, you know, this is my portfolio, it allows them to read what,
you know, your information. And then they say, Okay, yeah, we can we can lend you money for a
house because you have enough collateral. Yeah. Kareem was trying to say something. I go ahead.
Okay, so this is where I get confused. When we're tokenizing stocks, like you would have to
wouldn't the NASDAQ or whoever it is, dealing with these shares, wouldn't they need every single
company to somehow upload their like balance sheets that has like all of their equity and like share
account like equity accounting? Like how? Exactly. So let's say let's say you're coming,
let's say you have Kareem Corporation, then what happens is you want to have a stock for your
company. So you say, Okay, like I want, we're going to have a million shares for this company.
So where do those shares actually exist today? Those shares exist at DTCC. And the trading
that you're doing on your various platforms on brokerages and such like infidelity or black
rocker, I mean, whatever the brokerages, Charles Schwab, whatever. So you're on, you're on the
brokerage. What are you doing there is you're just like playing on a digital system. And the
final settlement is actually being recorded at DTCC. I don't know if that includes like individual
stock ownership is actually saved there, it might be, or it's just like the number of trades and
stuff. I think it actually records the entire data like who owns the share and the whole nine
yards. I'm not sure but like, so like, so brokerages have those shares and like fidelity is holding
those shares in sense in their computer system for you, right. But the final settlement is actually
happening at DTCC, not infidelity, right? This is why when you buy and sell shit, there's like
settlement times involved, like a day or two or whatever. It's not instant. Would Chainlink make
it an instant settlement or no? Or that's still just part of the game. Part of the game here is
to change the system from what it is now to one where settlements are faster. That's exactly right.
So there's there's some interesting that applies to more than just stock though, that would be like
wire transfers or ACH or it would which is why like if you go to Chainlink site, their description
is a system that connects both Swift and DTCC to Chainlink to make all this possible. Okay,
but then what is Ripple doing? Nobody knows. Ripple's got some partnerships with some banks
and things, but like nobody fucking knows how this has anything to do with the XRP token either.
So it's like, yeah, they're doing and the thing about Ripple is, Ripple is doing some banking
things. So that the founder of Ripple is a pretty rich guy, and he's got some like things he wants
to do with banking. But I don't think it's at the scale of DTCC and Swift. I'm not sure, but like,
and they may have an experimental system that works, but the thing is like,
that's benefits Ripple more than it does the XRP coin holder. But that doesn't necessarily like,
you know, the XRP army loves to shill the token one way or the other. I'm not sure, but like,
even Chainlink, the coin didn't do shit until more recently, right? The staking and all that is just
more recent. So the concept is, let's make link the universal gas token between all the different
activities. So it creates a utility for link tokens and the staking and all that. So they've
modified the tokenomics quite a bit from where link was five, four or five years ago. Yeah,
but so that wasn't always in the roadmap. They came up with this model, like now, like recently.
Yeah, I mean, I don't know what kind of roadmap they've had for how long. I'm not sure
exactly, because I'm not, I haven't been involved with the watching that play out as much. Some of
the guys here may have better ideas about like the history of this. But yeah, I don't think all
of us on the road back before, because I remember hearing about most of this shit back in like
2000, I mean, I'm sorry, 2020, for example. And NavRob has been around a lot, a lot longer than
that, right? He's one of the sort of crypto Gs, in a sense. You know, he's back at like, you know,
he was working on these things back when Vitalik was working on Ethereum and stuff. So way back,
right? And like, at the time, it was more oracles and stuff. He hadn't gotten to all this yet. So
yeah, and their, their team or their company or whatever is gigantic now, right? So a lot more
people. So they're able to execute on these ambitious roadmaps now. See, that's interesting.
I don't know. Yeah, how much of it's going to be vaporware and how much of it's going to materialize
into great things we just don't know yet. It's all pure. There's a bit of speculation as well.
But here's the thing, though, like, if you say like, okay, is Chainlink accomplishing more,
or like, let's look, let's look at some market caps here, and go wait a minute, like,
who are we actually comparing to here? Let's pull up CoinGecko for just a moment and see.
Okay, so pull up the market capitalist. Okay. So if you're looking at like,
Chainlink is now ranked number 14. Polkadot is 13 on CoinGecko. What in the world does Polkadot do
at this point that anywhere is near as ambitious as this? Yeah, nothing. So let's just move on from
there. At least nothing that I know of. Tron is at a higher market cap than Chainlink. What are
they doing? I don't know. You have USDC on there, maybe? Tether? I don't know. Like, who cares? You
have Circle USDC now on Chainlink, so you can actually, anything that connects to CCIP now
automatically has Circle USDC also. That's pretty cool, right? What does Dogecoin do? Well, nothing.
Store of Value. Okay, fine. Its market cap is 12 billion. Chainlink's nine, by the way.
Avalanche. What does it do? Okay, there's some hype around it. 12.8 million market cap.
Chainlink should reliably flip that one if there's a god. Cardano at 17 billion market cap. What in
the holy fuck are we even talking about? I don't even know. Charles Hoskins is able to maintain
that market cap. How? And people want to spread fud about Sergey Navarov. I mean, come on, man.
The guy's autistic and whatever. I get it, but Jesus Christ. Cardano? What are you doing on
Cardano? I don't know. Nobody knows. You never can tell what productive actual activity is happening.
I need you to explain to me how Cardano has that market cap. Like, how?
There is no technically nothing. Who's holding that token?
I don't know. A lot of people retail bought it last season, and it pumped to high heaven,
and it just sat there like that. So like, yeah, I mean, like, Link going to two X from where it is
now to $32 would basically just have it flipping Cardano. And that would make perfect sense. That
would prove there's a god of some kind. XRP is at like 27 billion, 28 billion. Again, like,
they've been around a long time and somehow spun a narrative to make it run. Are they going to
have the juice to keep moving at this point to convince people they're going to be the world
of banking? I don't know. Chainlink seems much more interesting, and they actually have
actual, like, partnerships they're working on with experiments with Swift and with DTCC. So
that's it. So I think you could get to at least XRP's market cap,
which would put basically Chainlink at its prior all-time high from here. And that would not be
insane at all. What's on Solana? For $44 billion market cap, fucking nothing. All right,
it's nothing worth $44 billion. You can tell that. That's fucking for sure. BNB at $47 billion
market cap? What's going on over there? Like, I don't know. Trading, like, pancake swap coins
or whatever? I don't know. Like, literally, like, there's nothing of great use there.
Like, there's no world change. You're not curing fucking cancer with the BNB token. That's what
I know that much for sure. People have, like, trading shit coins. That's all that's happening
right there. Tether at $300 billion market cap? Okay, great. That has product market fit,
and that's been growing quite a bit the last few months. And Ethereum's at $280 billion market cap.
Does Chainlink have the capability to be at an Ethereum-level market cap? Some would argue it
could. You know, if you kind of create this Internet of smart contracts type of infrastructure,
and you create, like, a TCPIP-style endgame, and you win that endgame, and that becomes a standard
across the systems. Now, you know, is there a competitor to Chainlink that has created a
similar inter-blockchain protocol? I think the closest that comes to that would be Cosmos IBC,
which does some cool stuff, by the way, but at the same time, there's no incentive alignment.
Actually, I've got to run here. I'll catch you later. Just got family, just came home.
Underseppy, that was hilarious. That was jokes.
It is funny. Yeah, go look to the list. You're like, what's going on here?
All right. Cheers, love. See you later, man.