(Monday) Crypto and Bitcoin Livestream

Oh, yeah, it's a Monday morning here in Hong Kong, bright and early. And man, the markets are just blowing up. It's been pretty insane the past week, especially if you look at Binance Coin. If you look at Ripple this past week. Yeah, there is a lot going on. I think, you know, the comment I said was, you know, if I told people, you know, six months ago that Binance Coin was going to hit 500, right? They would have just looked at me funny and be like, you crazy? You're absolutely bonkers, right? Like, Binance Coin was sitting at around $18 when I made the video that I'm just putting it into my medium bags. I'm, you know, I'm planning to hoddle it for a long term because I feel like there was a lot going on with the exchange, right? But man, 522, it just doesn't stop, right? It's just like endlessly going on. And then we all have Bitcoin and Ethereum. They both moved up in the past week. While it's down, like Bitcoin is down 1.5% today. But on Ethereum front, it's relatively stable. We're reaching some key points here. This is something that this is where this is where you must pay attention. And also, I think if you're shorting Bitcoin, I would be very scared at this point, right? If someone was really, you know, dumb enough to start shorting Bitcoin or short Ethereum, yeah, probably not very smart. Not very smart at this current point. So, anyways, we're going to talk a lot about the markets and what's happening in today's episode. We're going to go over a lot of cryptocurrency related news. You can see it's fully stacked on my browser here. So, we're going to look over that together. Obviously, there's a lot of launches coming in. And you guys know launches this past month has been just like phenomenal. Beyond phenomenal. I can't even think of a word for that right now. Yeah. So, it's pretty crazy. It's pretty crazy. So, anyways, lots happening, guys. We have lots of people say, morning, sis, Angela. We also have, prepto fiends, I'm trained to be a fake box mining. Oh, that's horrible. Don't be a fake box mining. It's a real thing. Only the real box mining can do. Anyways, guys, make sure you smash up those likes. It really does help this channel grow. We've got a lot of recommendations for new coins. I'm doing more videos this week. Finally, this weekend, we got like two videos. It's done. Like, finally, finally, finally, finally. I'm really glad to just like click that record button, make some videos. And it's going to be exciting. So, anyways, lots coming up this week. Lots of interviews, lots of overviews, and lots of insight into what's happening with the market. And I think, like at this point, you know, this is the part of the ride that you need to pay attention to. So, anyways, guys, make sure you smash up those likes. Make sure you click the subscribe button, like button down below. And, yeah, let's get started. I'd like to take the time now to tell you a little bit about everything that's happening in the box mining ecosystem. First and foremost, if you guys like listening to all that's happening in crypto on the... Oh, I meant to play the intro. All right, totally zoned out there. I was meant to play the intro, but I meant to manage to play the outro. So, that's it for today's episode, guys. See you later. Have fun. Not just joking. All right, let's take a look at the markets so far. So, yes, definitely. I think the top performer really stands out here of Binance Coin. It just crossed 500. I think if you guys are trading on exchange, you probably would have seen a million notifications reminding you, hey, guess what? This BNB thing, it's onto something. It's over 500 at this current point. Insane, insane. I think a funny story to say, tell about Binance Coin was I had a debate about BNB with Tone Vase all the way back in 2017 days, right? When Binance first launched, it was getting traction. I was like, you know, Binance Coin doesn't look that bad. And my quote, Tone Vase is like, this is the biggest scam in the world. Oh, my God. And, yeah, that was literally at a dollar. So, I guess somebody is wrong there. Just saying. But, anyways, yeah, it's been pretty insane for that ride here. Obviously, the markets are moving up. We have Bitcoin. It's basically touching $60,000. Ethereum also touching its resistance. This is where the big battle is happening. We've been seeing a week long of battles at this point, right? These are two key points for both Bitcoin and Ethereum. And whilst the fight is going on, this is where everything else is popping, right? This is where, like, the whole market is kind of waiting, right? The whole market is kind of waiting for this battle to be over. People who want to sell Bitcoin at $60,000, these are the bears. They're just still going. They're still trying to sell it. And same thing with Ethereum. But we're seeing some evidence of this flipping, right? Like, there's going to be an exhaustion at some point, right? We've got to see for the past week or so, the prices have stayed relatively stable. And that's because people who are selling, they're going to continue on selling and dump the market. But people who are buying, they're just buying it right back up, right? This is a crazy thing. We never had a single break in that buying of Bitcoin, right? There were situations where, yeah, sure, maybe Bitcoin on the 25th dropped a little bit. But boom, it got kicked right back up. And the same thing happened on 7th of April, right? You got a lot of people, Bitcoin dipped to $55K, boom, right back up at you. This is a strong sign that people who are wanting to buy right now, want to buy Bitcoin or want to buy Ethereum, they are just not giving up, right? They're just setting their orders. And the moment it dips, the moment that happens, boom, buy, buy, buy, buy, buy. And this is why we've seen that very, very strong support kicking in. And you can see that there's going to be some form of exhaustion coming. So whilst right now we haven't popped yet, so neither Bitcoin nor Ethereum has popped, right? Like people were expecting a 20% to 30% increase on both Bitcoin and Ethereum once it pops off. Once the bears get exhausted, once they're done selling, people who want to exit, you guys go exit, right? Once that is done, that's the expectation on the market. So we're kind of at the brink of that. Obviously, nothing is guaranteed. Obviously, it's not financial advice. There's always a chance that obviously the market can go down. But I don't know. I'm feeling super bullish here at this current point. Just looking at how things are going and playing out. Like if you've just seen the strength of the support coming in for Bitcoin and Ethereum. Yeah. That's really something. That's really something. So anyway, so just take a quick look at the charts. You know, like I drew here, the big bar charts here. You definitely saw that in the past, right? This is, I call this the golden cage, right? Bitcoin is in this golden cage right now. But you can definitely see signs, right? It's been trying to approach and break out of that resistance, right? So while it doesn't look very interesting from the outset. So if you look at CoinGecko, you're like, you know what? It's 2%. It's up 2% in the last week. It's not barely moving. But the action is here, right? This is where the fight really is. So whilst it's not moving, right? It's like a tug of war, right? Both sides are just pulling, right? And one side is going to give in. And once that one side gives in there, that's where the movement is going to come. So this is where the big, big two coins on the market, that's where things are. It's very much like a tied battle at this current point. But we're constantly seeing, you know, this is, if you take a look at Ethereum as well, this is Ethereum to US dollar. We got 2100 over here. Yet again, you see the fast approaching, right? You see this line being broken. You see the bears weakening out. And this is a situation where I'm actually extremely bullish this week. And you definitely see that on the markets as well. You definitely see just both on-chain and off-chain data suggesting that the sell is decreasing. So if you look at one of the top articles on CoinTelegraph, Bitcoin on-chain data suggests no bull market top at 60K selling activity declining. So this is where, yet again, the number of people who are willing to sell, the people who are moving Bitcoin to those exchanges to sell, that's been decreasing. This is where I think we've been seeing that continuously for a while now, right? There were attempts in the past to kind of spook the market. We saw some miners exchange outflows, right? Miners sending out of their mining addresses, sending that to exchanges. You know, what do you expect is going to happen? They're going to try to dump, right? And some of that too, I was quite suspicious of that data too, because I thought this seems to be an attempt to try to motivate people to sell. So maybe someone's like buying on the other end, right? This is something that seems to be a recurring theme on the market. You know, when people are trying to intentionally spook the market, that's a good sign, right? That's a good sign that someone really wants to buy, right? Reverse psychology here. But even now, we don't really see much of that this month, right? We don't really see people trying to spook us out, because people aren't dumb enough to fall for it, right? That's the simple conclusion. I mean, if you guys have been watching this, if you guys have been watching and observing the markets, right? Number keeps going up, right? And this is a crazy thing. I think it's really motivated by two really core ideas here, right? Because of the current market, because of the risk of hyperinflation. If you guys haven't been looking at the global economics recently, there's a huge risk of hyperinflation. And that's why people are flocking to assets like Bitcoin, like the stock market. And also because of social media as well, right? We got Elon Musk tweeting endlessly about Bitcoin and crypto and talking about its assets. These are like key driving forces for this market to go up. And quite frankly, this is one of the reasons why a lot of people have been asking me, have I been selling? You know, what have I been doing in this market? Okay, I'll be honest. I did take some profits, but I kind of plowed that back in around two, three weeks ago, right? Because I know that the way it's working out right now, it's quite insane. Because both there's a lot of social media growth on this, and it doesn't seem to be stopping anytime this year. And then on top of that, the risk of hyperinflation and the fear of hyperinflation, that's kind of core. This is driving a lot of movement into the space. And this is where you see the other evidence here. I'll just show you guys this very quickly, is that there are twice as many large crypto VC deals in 2021 as there were in 2020, right? So there are more deals now. There's also more crypto funds as well. So dedicated crypto funds. We know the big ones like MicroStrategy, but there's others, right? Like your Alphabet, your Genesis Block Ventures. You have your NGC Global Capital. So this is a situation where there's more and more investors that want to have exposure. They give their monies to funds and to family offices to invest in crypto. And something that's quite interesting about this kind of wave in crypto is that whilst there are new projects popping up left, right, and center, the raises of these projects are very small. So what's kind of happening is a lot of these funds that have that raise, say, $30 million, $120 million, $300 million, they don't have anywhere to put their money, right? They can't just like, oh, get like scraps, like 20, 30K off a new project, trying to invest into ICOs. That's not going to fill up your balance sheets, right? That's not going to work. You're not going to invest all your capital and bring back those big gains that investors are looking for. So now what I'm seeing is that the trend is that there's a lot of money flowing into existing alts and the alt market, right? And also, of course, you know, Bitcoin, Ethereum market too. But you definitely see that trend happening where the alts are just exploding left, right, and center. There's definitely the asymmetry here where there's a lot more development, especially if you look at the last week, right? There's a lot more development here, right? Just for the other thing, just a shout out to Ripple. I mean, Ripple's past the dollar here. You know, at this point, you know, everyone is just hyped up like insanity. I mean, Ripple is one of the indicators of retail interest, I would say. Ripple and Tron, right? These two were the ones that gathered main interest, right? And the running joke was always like, you know, when I talked to the guys at Genesis Block, you know, when the wave first started in 2017, that was when the big wave hit the big explosion for prices of cryptocurrencies, when people first came into Genesis Block, they were like, oh, how do I buy Bitcoin, right? And then, you know, a few months went on and you saw Ethereum moving. And I was like, oh, I want to buy Ephraim. Ephraim is the top one coin that everyone wants to buy. But then towards the middle of the market, people were coming and be like, Tron, Tron, the Ripple, the Ripple, the Ripple is going to grow. So anyway, sorry, bad accents, but this is actually true. Like it's not a joke, right? And we're definitely seeing that right now. The Ripple is above $134. It's total insanity. We're heading to that state. So it's a good state to be in. Obviously, there's a lot of interest. Obviously, if you've been in the markets, you're smiling all the way to the bank right now. In fact, you're not smiling all the way to the bank. You are the bank right now, right? That's the big difference. So yeah, so that's kind of the current state here. I think if you actually look at it, so this is a chart that a rainbow chart that we've been always looking at is the altcoin chart, right? Like how much of an altcoin season are we in, right? Just like it's just peaking at 100. And this is a situation where, you know, initially I was like, okay, if we go into this whole altcoin season, this is starting to be your cue to sell, right? Because last time we were hitting 100. Last time, the moment we hit 89, right? This is back in 2020, August the 16th, right? During that time when we hit 89 on this index, all right? The market very quickly collapsed after that, right? So roughly around a month later, you can see that the, okay, so around two months later, all right, two months later, all the way here in October here, boom. Yeah, there was quite a major decline in altcoin season switching back to Bitcoin season, right? So you can see the cyclic nature of everything. Now, when the chart actually did hit close to 100, I was like, maybe this is starting to be my cue to slowly exit. But what we're seeing now is that we're seeing even more insanity, right? We're like constantly breaking the chart here, like constantly at 190. So this is a situation, yes, where we are playing with fire at this point, but fire is quite fun to play with, to say the very least, right? Because you have this insane growth, right? I think this is where, it's a situation where I actually did increase my exposure to some certain alts that haven't moved too much. So this is a situation where I'm like, I'm looking at the alts that haven't gone, you know, your 10, 20x during this period and has the potential to move. This is where I'm eyeing everything closely. And at the same time, I did take some profits off alts that did move massive amounts. So if they did a 30 to fit 100x, yes, I'm going to take up my initial principle, maybe double my initial principle a little bit. That's kind of the way it is. And it's insane that I talk like this, right? This is like total insanity, right? Like people don't believe this. Like this is just so insane. The amount of gains in this space, it's nuts. Like one of the examples I was just kind of looking at was crust. This is something that I think a lot of you guys didn't really pay attention to. I made a video on it. I talked to the guys there. They were very, very good developers. But man, like we featured them when they were launched, right? Close to around $3, $3, right? And now it's like $173. Like what? Wait, wait, wait, wait, what? This is the total insanity that we're dealing with right now. It's up 62%. I was like, there's a situation where like I talked to them. I made my investments. I kind of said, you know what? Let's hope they do well. Maybe we'll check back on them. And then when I did check back on them, I'm like, the fuck? Like what? What? But anyways, yeah. So this is where, yeah. So to be frank, yes, I did take a little bit profits on crust. But man, boy, were those like gains massive. And this is the situation right now in the markets, right? Like there is definitely a need to be cautious because we understand that this does flow in a cyclic nature. But at the same time, the insanity of this doesn't seem to be like it's just totally insane. It's just like there's no reason to miss out, right? This is the hardest part about crypto right now. It's both controlling your greed, controlling that insanity, like being rational, but at the same time being like having some balls and being rational at the same time. It's such a crazy, like insane thing to follow. So N-Town process, humble brag. But I mean, they were doing something great. Like there's a situation where I felt like, oh, I was fine featuring them on this channel. I really liked them in terms of what they're building. They were building exactly basically what Filecoin was doing, but even more advanced than Filecoin and on Polkadot, right? At that time, I was like, okay, that's cool. And then, you know, insane, right? So that's kind of what's happening right now. Like the markets are totally insane. And this is where you have to be a little bit both careful and I guess, I don't know, I don't know, partial. It's like, this is where my mind is actually broken, where there's an ape part of my brain, which I want to go very big into a few coins to take advantage of the situation. But at the same time, my defensive side, if you think about my Bitcoin holdings, my Ethereum holdings, even my VeChain holdings, they've remained relatively steady. And just a shout out to VeChain too. Like VeChain was not an easy hold, right? A lot of people were like, oh, VeScam. Oh my God. This is like, people started shouting VeScam when it was like, what point? What is it? Is that $0.004? People were like, oh, it's a VeScam. It's a scam coin. Box money. Why are you talking about scams here? And man, it was a hard hold because obviously I was holding on to it. And then you were seeing that the value of VeChain was just dropping, right? You know, what was a huge chunk of money became, you know, cents, right? Like that was the scary part about that. But if you look at the market now, excuse me, like what? What? What is happening here? Like last year, VeChain did a 37X last year. Holy shit. I don't know. I think it's a situation. Like I'm not trying to brag here. I think that's a very big difference. I'm just trying to say it wasn't easy, right? None of this stuff was easy. And it did take a lot of determination to continue holding it, right? A lot of people were just like freaked out. Like, why are you holding VeChain? You know, like it's your big bag, your Bitcoin, Ethereum, VeChain. What? But, you know, that bag worked out really well. So it's not easy. But at the same time, it's been extremely rewarding. And I think that's the name of the game in crypto, right? It is high risk. And dealing with the risk becomes a huge portion, something that people have to learn very quickly. Otherwise, they get wrecked super hard. So anyways, anyways. What do you think of the Alcoin dominance chart that just broke the resistance from 2018 when you look at the Alcoin season index? So I feel like, you know, these... Okay, so we're at 92 right now. We could break it this year. And I think that's something that I do want to say, right? About these Alcoin indices and, you know, these cycles is that something that, you know, before, right? Before, Alcoins used to be, oh, we're alternative to Bitcoin. Oh, it's Litecoin. We're a little bit faster. But nowadays, the way that these Alcoins are going is that they're communities for much bigger projects and ideas, like decentralized finance, right? Like, these things operate essentially like a bank. If you look at Compound, you can supply coins, basically like making a deposit. Then you can make a withdrawal, a loan, right? This is essentially what a bank does. And Compound makes quite a lot on the side. And these are things that were only imagined back in 2017. So I would definitely say, you know, the utility of these projects just vastly expanded this year. And especially with the NFT craze going in full swing. Yeah, I definitely see there's a possibility if you zoom out that we can just break these charts and just be like, oh, Alcoins. You have to kind of reinvent that. I think the cycle could be broken this year as well because of just the utility here. So, yeah. So to talk about bullish is an understatement for me. Obviously, there should be caution to you. Like, if you talk to me on, say, YouTube, right, especially when I make videos like this, there's a lot of talk about caution because I'm very aware that people who are watching that don't know how to manage your finances, right? And this is not something that I say lightly. Like, people know how to manage your finances. But crypto is a whole new game, right? And that's the kind of viewpoint I took when I came into the space. Like, this is why I partition my mind and my money in such a structure that even if a certain asset that I'm in drops to zero or near zero and it gets obliterated, I'm not going to cry in a corner. And I think this is something that we've seen. And, you know, I think media maybe overreports the bad traders who blow up and lose their money. But I think at a certain time in crypto, you have to learn from that. Like, there are bad investments in crypto. Like, I've invested in an exchange and the exchange just went bust. Like, that happens. Like, it was a pre-seed round. It was a new exchange. I visited a team. They looked like they were very energetic. But the product just didn't deliver. And the market didn't receive it very well. Right? And this was very recent. And I lost quite a lot of money on that. Like, you know, it happens. But the key here is that I'm not broke. Right? And it's just one of my assets. And I think that's something that's very hard for a lot of people to realize in the early game. It's like, if you're playing in a lot of these alt coins, a lot of these projects are very, very early stages. And a lot of people, when they ask me questions, are very concerned about, you know, whether or not this thing will work out. Who knows? Like, sometimes it's a bad market fit. But sometimes it's a good market fit and it just blows up. Right? Say the situation of Binance Coin. It's like, yeah, it blew up like 20, 30x. Right? That's the insanity of it. And the crazy part here is that this gives a lot of allowance in crypto. So if something doesn't work out, so what? You know, you have one project that covers the potential losses of 30. All right? That's the crazy part. Anyways. I'm not going to ramble for too long. But I feel like, you know, the warning is pretty put out there already. I'm going to proceed on. All right. Let's take a look at the other talk on the market right now. So top performing DeFi coins were not Ethereum. Ethereum. Yep. It's a chain that's... Ethereum is just a chain it's built on. Right? All right. And then talk about Ripple. Ripple being undervalued. Well, interesting. Interesting. I think that's kind of interesting is what's being built on Ripple. Actually, if you actually look at it, there's actually talk about Spark contracts being built on Ripple. I think that could be exciting this year. But I think Ripple has always been an indicator of retail formal. Right? I think that's the way to view it. So we got Bitcoin December futures reached $73,000. So this is people expecting Bitcoin to reach this amount by December. I actually feel like we're going to peak a little bit before that too. I mean, if you look at the Bitcoin rainbow chart, if it goes the way that is the current trajectory of what it's going. So I always like to look at this chart. This represents from 2013 data to 2020 data. So you can see how Bitcoin has been moving between this rainbow channel. Right? This is why it's called the rainbow chart. I really love it. But so something you see is that during the bull runs. Right? So base 2017 or be it 2013, it reaches the top of this rainbow, this logarithmic chart. So just note that this is logarithmic chart. And yeah. Yeah. So if we reach the top here, so we're not even at the top right now. But if we reach the top here, it's like $52,000. Right? That's the kind of what I'm looking for, for the peak. So yeah. If that goes. And this doesn't even factor like how that's happening in this messed up economy, the global economics and how messed up that is. So anyways. Did I show you guys the chart? Yes. It seems like it. Over there. So yeah. So we're just right now, just at orange. We still haven't reached that peak yet. Yeah. 17, 73 K sounds bearish to me. Just joking, guys. All right. So that's pretty much what's on here. We got the futures breakdown. We got what's happening on the exchanges. We got definitely. So I'm definitely quite bullish today on what is happening on this space. Yeah. Pretty much. So we're going to do a few minutes. We'll have a quick Q&A. CG Creative says, look at BNB. Now I'm being screaming. Oh my God. It's still going. Holy crap. 54, 543. What's happening, guys? Stop buying BNB. Oh my God. It's insane. This is just total insanity. I should have been switched to this view. I'm kind of dumbstruck already. I'm both happy and sad. I would say here. Like that. My immediate kind of response right now is the sad part. Okay. Why am I sad? I hold a lot of BNB, but I was also farming a lot of BNB. Right. So my BNB is actually in pools, say like dot BNB liquidity pool or a BNB BUSD liquidity pool or a BNB E for BNB BTC liquidity pool. So I was applying these BNB to these liquidity pools to make a little bit of extra. But the problem here is that when Binance coin rises like this, right, when it moves up 17% per day, that means I'm going to be hit by impermanent loss. So there's a situation where I'm sad because I'm hit by impermanent loss. Right. This is where because I'm in that liquidity pool, because I'm providing liquidity to that coin. Yeah. If one coin just grows exponentially, I'm going to be hit. I'm not going to. It takes a lot of my gains out. So this is a situation where I'm like semi panicking. Maybe I should pull out of those things. And yeah, that's that's life, I guess. You know, that's the crazy part. Sweet Jesus is Ryan Tay. Sweet Jesus indeed. And I think this is the current trend with like the exchange coins. Right. Both Binance coin. There was Kucoin shares. Kucoin KCS token. It used to be called Kucoin shares, but I think they removed that for legal reasons. But even that the performance, you know, over the past, say, seven days was like 150%. So pretty crazy. Pretty crazy. We got icebergs. It's Paris Hilton FOMOing in BNB. That is it. I mean, I think BNB is kind of special because of Binance Smart Chain as well. The whole ecosystem is playing out quite strong. If you look at both PancakeSwap and the other swaps that are in the space. Yeah, they're doing well. In fact, PancakeSwap is now at $26. Right. Who would have thought about that? Like initially when we first saw Pancake, people were freaking out that it dipped to like 30 cents. Right. It's a situation where the whole chain, entire chain grew and the whole the value locked here grew as well. I think that's kind of the important part where if you look at the data. Right. And it's actually out of date. So I think we shouldn't look at the data. But anyways, the liquidity locked in there is more than 2 billion. Let's just say that. It's just that the data is a little bit out of date. We'll have to actually get proper data coming in. But you can definitely see that growth in the exchange. So for Binance Smart Chain to be able to support these projects, to be able to have decentralized finance on there, that's a big value plus. So yeah. So recently I've been looking a lot more into exchange coins. I've also been looking a lot into Solana. So Solana, if you look at it, like every exchange has their own pet chain nowadays. Right. So Binance has their own Binance Smart Chain. Solana is kind of the incubated project of FTX. Right. So Solana has also been moving quite aggressively in the past few days as well. In fact, there's a lot of interest. I think something I've been seeing a lot is like the number of projects that are popping up on Solana and people trying to make it the same thing as a Binance Smart Chain. That's interesting. So yes, I did actually increase my Solana exposure yesterday. Orion Muir says, CZ had a tweet over 5 million transactions yesterday in Binance Smart Chain. Yep. It's happening, guys. It's happening. And I think this is really good. Recently I've been advising the project Refinable and is doing NFTs on Binance Smart Chain. Right. So being able to take advantage of faster transactions, cheaper transactions, and even not just cheaper, but affordable transactions. Right. That becomes a key play. Right. Because you can do almost everything you can on Ethereum, on Binance Smart Chain, but it's cheaper and faster. Of course, the obvious trade off here is that it is more centralized. I think no one is lying that it is more centralized. But now the question is like, how fast can Binance Smart Chain decentralize their network? Huh. That's interesting. And how much decentralization do you need for an NFT project? Because this is not going to be, say, like the next currency of the next thousand years. These projects are designed to be something that the masses can use, can adopt, and they can feel safe to be trading these assets like these NFTs. And I feel like this is where, yet again, the use case of crypto has far outgrown the initial thought about this. But anyways. So let's talk a little bit about alts and what's launching right now. So obviously the new projects that are coming out are taking this world by storm. You'll see more and more new projects pop in. And basically new projects are doing super well because they get launched at very low evaluations and then they move up over time quite quickly. So this is where we're kind of looking at what's happening. So let's see. Kickpad is launching Myst very soon. So we have Kickpad, which is on Binance Smart Chain. They launched Orykaru. And then they have a second IDO called Myst coming up very soon on Kickpad. Poker Starter also has some projects coming on. Let's check out what's happening on Poker Starter. So Genesis Shards is in two days. That's one project that I did get into. EPNS is up in one day. So and Poker Dex, four days. Sierra Network in seven days. Lots happening. Raises are quite small. So just be careful. It is a big fight for it. One thing I do want to warn you guys is that there's a lot of scammers pretending that you can get allocation on Genesis Shards or EPNS or whatnot. Typically speaking, those things are scams. And I've heard people coming to me and saying they just sent money to a wrong address. Be very careful. These platforms are the only platforms. Like a lot of people will private message you to say they have a secret backdoor deal. They do not exist. Right? Like that's pretty much given at this point. So it's also goes to indicate how hot these platforms are right now. Like the launches because people are just scamming and pretending to be that. But anyways, that's sad to see that happen. Duck Starter. Let's see what's happening on there. Duck Starter. Beyond is there. Rocket Vault, Raze Network. Does Balancer Fly, Uniform, Mali, Crypto Puzzles. Holy crap. There's a lot going on. So for me personally, I got into this balancer. So I've been talking with the guys there. The other way, the kind of backdoor way to get into this balancer is to use Haken tokens. So using the Haken launch pad. There you go. So you send your hide to this address, which is pretty much the kind of the way to get a subscription. But the way it works is that if you send it, you'll always going to get in. But you might not get in with the full amount. So right now it is oversubscribed, which means that you're going to get it in proportion of everyone else. So the more you send, the more you get. But you won't get the full amount if that makes any sense to you guys. But yeah, this market has been fully into these new launches. It's been absolutely crazy. I definitely think I need a break from all this too. Because I feel like I've been just like so involved looking at a lot of projects, researching a lot of projects. I feel like I need to take a break. It's definitely a situation where like I feel like I pressed the sprint button too early. Right? Like it's like, oh, I need to work hard. Ha ha ha. But yeah, I should have just like kind of paced myself a little bit better. Now we also have TrustSwap launchpad. They're launching CalVPN. So this is first daemon proof and quantum safe VPN. I'm not sure why quantum safe is even a consideration here. But anyways, they're launching their own CalVPN. That is going to happen in around 12 hours. So that's coming up. Just make sure you have to stake a minimum of 4,000 swap to get part of fat. So much stuff going on. So much stuff. Yeah. Keeping on top of it is not easy. But hey, that's the game. That's the name of the game. Right? We also have Eternity. Eternity, they're launching. They're the ones that actually did a really cool ad in Hong Kong. I need to fox it with my plan. My plan is not following them. So they're a NFT platform. And they're launching very soon. And they actually have a kind of new look on this. They have a new welcome to the new internet that's coming up. We also have Polka Foundry. They're partnered up with Apron. Polka Foundry is providing the decentralized node services. You guys probably have seen me talk about that recently. In terms of the big picture of what they do is they provide these tools necessary for people to develop. So whether it is to retrieve data, retrieve user data, et cetera, makes it easier to develop. And they partnered recently with Apron Network. We also have Isolink. They're starting out their offering on Dow Maker. Dow Maker is yet again another launch pad. And they're doing a strong holder offering. So this is their pad to launch new projects. And the upcoming one, they have... Yeah. They have... Okay. So... Yeah. So, okay. So this is Isolink. It's coming. But it's not listed there yet. I think. Let's see. It's to be announced on Dow Maker. Yeah. It's again another project that I've recently talked to. And they're pretty good, actually. All right. Parastate. They just closed their strategic round. $5 million strategic raising. Yeah. Like this space, man. Holy crazy. The amount of new investments into the space is insane. But the amount of delivery in the space is insane. So even though I feel like I'm exhausted just finding out and learning about everything, it is a situation you can definitely see that I'm like fatigued by the number of new projects and the new launchers. And I'm just like, oh my God, what is this again? My brain cannot compute. But it's a situation where I have to force myself to do it. Because if you fall behind in crypto, like you just fall behind. Right. It's a situation where you must keep on top of all the developments that's happening and the whole ecosystem. That's where the opportunities are. But anyways, that's the thought. Francesco says, thoughts on e-gold. So Elrond, why not? I mean, Elrond is something that also took off to the moon for me. Um, so Elrond, I think, um, if you want to ask for my honest opinions, not, not this e-gold. Elrond. Eagled. Eagled. Eagled. So yeah, Elrond is up to $236 at this current point. They have, um, so their smart contract is based on Rust, which is a little bit harder to develop, but it's also a lot more secure and they have full starting. So they are, they're, um, they basically have a full on package for running smart contracts and becoming a next DeFi platform. So I think something that's good about good and bad about Elrond. Sorry. Is that it's going to be a lot less hacks because people, um, because Rust, once people know how to, um, develop on that, it's going to be easier. But right now in terms of fast new developments, it takes a little bit of time to implement. So that's kind of the way it is at this current point, but that doesn't mean it's not good. That means that it has a lot of potential to be a very dominant platform because it has both scaling built into it. It's state sharded and it has a very good programming language backing it. All right. That's pretty much, uh, um, box fences. He knows about coins he's invested in. If he doesn't know about something in chat, he looks it up after the stream. That's usually what it does. Uh, this, this market has like a thousand something coins. I doubt anyone has, uh, a thousand like looked up every single coin. Uh, so yes, you're, um, you're absolutely right. Um, I do make investments in this space. Um, and every time I do make an investment, I'm actually do research everything in detail. And there's a situation where, um, I take comments. So if people like a particular coin and particular projects, we do, um, coverage on that too. So anyways, um, I'll try to answer. I saw a few things pop, um, in and out like popsicle finance or whatnot. Uh, thank you for your suggestion, Don Willow. And thank you guys for your donations. But I would say one thing is that normally speaking, um, when people suggest me to do a research a coin, I don't immediately bring it up and look up on it unless I've done it before this is just because if I haven't done research onto it, I can't even talk anything about it, right? It only makes logical sense. Uh, you can't really judge a project just based on a webpage. Typically speaking, I do actually talk with the founders or with members of the team and to ask some hard questions about that too. So, uh, I hope that makes sense to you guys. So yes, um, Alron is one of those questions that, um, um, I do actually do research on. All right. Charles asks what tool and how do you track whale positions in DeFi? And across the market. Um, so there's two ways to do it. Um, I know one of the popular ways is with Onsen. Uh, let me spell. Uh, how do I know? Onsen. Is it Onsen? Ah, man, I forgot the name. Like this is one of the times where, um, my mind blanks out, right? Uh, do, do, do, do, do, do, do, do, do, do. Okay. Which is the one that I do know that Linux. Okay. Okay. Sorry. Not Onsen. Nansen. All right. Here. Okay. So two tools. If you guys want to track what's happening. Um, Nansen is good. If you want to just set up, um, indicators for when whales are trading. So it actually tracks inflows and outflows of smaller projects, um, in and out of exchanges. And it can also track whale wallets too, about what's happening with a particular coin. So you cannot use this to identify the health of a coin, right? So Nansen is something that people do use. I don't use it as extensively as I should. Um, but I should, it's one of those things. I'm like, I should set up more, more trackers for this, but I don't. The other one is doing analytics, which is very popular right now. Like, um, you can also look at some other stuff. Um, a lot of data, but the other one that if you really want to do it, as a basic way of doing things, you can use Zerion wallet and use a watch wallet. So you can watch particular whales to see what they are doing and how they are trading. If that's really answers your question. Um, if that's your cup of tea of just analyzing the markets. And I know a lot of people do that. They'll be like, Oh, we track zero XB one and see what new NFT stuff that he's doing. And he's getting into, so you can have, like, you can identify leaks that way. Um, yeah, that's another way of doing it. So I hope that answers your question, Charles. Um, thanks for the question and yep. Uh, okay. So 1000 X long, uh, we've got moches. Um, so you haven't looked at deeper network. No, I have not, or nor have I looked at you Bix or UBX or whatnot. It's, uh, um, pretty, it's pretty intensive. Like every time I ask what coins people want me to look at, it gets, it becomes a list of like 300 something coins. So apologies for that. Um, yeah. Um, we typically just like try to see what's, uh, what's good and what's interesting. So, um, yeah. So Trinium Vids, I mean, I definitely respect you for commenting, but comment once. I think that really does work out. Um, um, I'll try to look at everything, uh, when we can. So I think that's pretty much it, um, for today's episode. Um, Lucy Lucas L. Weiss is great show box money. Would you be interested to have a Q and a with Alliance block? So absolutely. In fact, that's actually scheduled in fact. So, uh, um, I had a few intros to Alliance block. Like a lot of people really, really like Alliance block. And, uh, my thought about Alliance block at the start was that they're doing a lot of stuff with centralized finance. Like they're kind of doing that bridging the gap between CFI centralized finance and decentralized finance. But the problem with that is that there's so much in centralized finance that they, they want to do. And they're so every single one of the products takes a lot to explain. So I feel like with Alliance block, we're going to take a look at what they have, which is just an insane amount of stuff. And then, um, I'm going to try to try to feature a few of them. That's, that's kind of like the insane part. So Alliance block. Yes, absolutely. I'm definitely interested in that. Thank you for it so much for the suggestion. Um, and it's definitely, definitely worth looking into. Um, so yeah, there you go. Uh, fun times. Right. So, um, I think that's pretty much it. We got a question from EG says, what do you think about V chain? So yet again, V chain, like if you guys saw the early part of the video, um, it is one of my long-term hoddles. I think it's definitely the, the lowest, like enterprise is definitely the lowest hanging fruit in terms of what you can do with blockchain. Like, um, it's, it's a traded off system, right? It's, it's geared towards enterprise adoption. And there are a few examples of what thing you can do, right? Like say, for example, track authenticity, having a, say a label that's stuck in a bag or luxury wine. And this label cannot be duplicated because of the fact that the data for the creation of this label for what, um, where this label came from and what day it was produced, et cetera, is on a blockchain. And you can always, of course, invalidate it on the blockchain too. So it's, it's essentially the best way to anti counterfeit, right? You can track the uniqueness off an item. In fact, you can make anything in NFT and then you can make a bag in NFT. Right. And I feel like this is where anti counterfeit is going. Like just take, for example, say you're buying an Hermes bag, right? Um, if you're into the Hermes Birkin or the Hermes Kelly, um, these big handbags are all sold out. Um, you can't buy them. They're all luxury items and there's a big secondary market, but authenticating those items is just nearly impossible because of just the, how the quality and the way they're made, it's very hard to authenticate, but with the blockchain it is. And not just that with like handbags, but also with wine and also with like vaccines, everything can be authenticated. And that seems like, like for me, right, that's just like the logical thing to go with blockchain, especially for the application to make these decentralized applications, to verify authenticity, to do supply chain management. It seems easy, but people didn't really understand it. I think, um, at the start and then it became hyped and then people thought it was a scam because obviously enterprise adoption takes time. All right. Um, it's still not going to happen over the space of a few months. And this is where we're finally seeing, you know, uh, V chain moving again. Uh, this is a situation where, you know, strength is strength. Right. So anyways, um, I hope that answers that one for you. Uh, love vet work myself, very sleepy giant. And still, I feel like this wave, like V chain hasn't gotten that much activity, but it's grown a lot in value, which means it's a lot more, a lot of retail hype, a lot more kind of substantial development from institutions. So anyways, that's, that's what I feel like, um, stuff Uber says, but you still don't know if the genuine handbag is genuine. If they use V chain, of course you will know, because of course you can validate the kind of the, the, the handbag itself on it. Right. Um, if you look at the V chain tool chain, they have the exact tools to do that. For any artist to create a bag, put the chip, not just outside of the bag, but put it into like inside the letter inside certain compartments where it's not accessible. And if that tag is unique and it can't be, and the tag cannot be replicated, then you know, the bag is authentic. Right. That's the beauty of it. Right. So if they use V chain, sure. If not, well, too bad. Right. So yeah, these are very, very, um, uh, Uber says just get a fake handbag, link the barcode to a real NFT. It doesn't solve the authentic, um, authenticity issue. The issue here of course, is that you can validate. Um, so the, the, the key here is you want to have it. Um, the chip, not just as a barcode, right? Because barcodes can be easily replicated, but, uh, RFID chip cannot. The reason why is because, um, RFID chips, they have a private key associated to them. So you kind of sign off the item. So a barcode, you can just copy and paste, right. But an RFID chip, you cannot copy and paste. You can read data, but writing data requires a signature, which the signature, um, is kept private. So that's one of the protections off it. Right. So it's not an R barcode. It's an RFID tag. And RFID tags can be embedded inside the letter. So something like, um, barcodes, it can be worn off, right? That's really hard. But if it's embedded inside a letter and you scan it using, um, either, either RFID or NFC, they're different technologies, by the way, but you can either use a radio scanner if it's RFID. And if it's NFC, you can use your phone to authenticate, which, um, can be done there. But both of these require a communication between the device and the tag. And that communication is encrypted. So that's one layer of security where you just can't get any guy on a random street and say, oh, look, let me replicate one of these tags. That's impossible. And then the additional security element is that now I can record the data off that onto the blockchain. And then of course, um, people can approve their ownership of it. So if that makes sense. So I know a long-winded explanation of what's going on, um, and happening. So tracking will be big data. And the reason why, um, it's kind of confusing, um, between those two technologies. Is because RFID is largely used. Like both RFID and NFC are used technologies are used in V-chain. Uh, RFID is more for tracking large items, like say supply chain management. You have like tags for like a giant container to prove that they have moved from this object has moved from say, like Indonesia to China through this warehouse, right? That's where like the scanners are, you know, located in the warehouse and they can be, you know, monitored from a very far distance, like 30 meters. NFC is a much shorter range technology. That's more for consumer and the product where people can scan with their phones. So anyways, that's the distinction there. Um, anyways, guys, thank you guys so much for watching. I think that was a long winded explanation of everything that's happening on here. Um, definitely appreciate your suggestions for everything that's going on running races. Thanks Michael for all your hard work and sharing your knowledge with the community. Thank you guys so much for watching this channel. Make sure you subscribe this week. Got a lot of stuff talking about privacy. We're talking about NFTs. Everything says coming up soon. It's going to be freaking exciting. Make sure you guys are subscribed to this channel. And with that guys, thank you guys so much for, um, coming in. I'll see you guys next time. I like to take the time now to tell you a little bit about everything that's happening in the box mining ecosystem. First and foremost, if you guys like listening to all that's happening in crypto on the go, then I would highly recommend you checking out the box mining Bitcoin out of the box podcast. And the reason why it's called Bitcoin out of box is because we have a long interview segments very much exploring the detail of the newest and latest of what's going on in this whole cryptocurrency space. 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