Im traveling for the next week but just keep this summary at hand from this month's Global Macro Investor...
It. Is. All. Noise.
Calm down, touch grass, BTFD and Don't, Please Dont, Fuck This Up.
$BTC $ETH
When I look at the behavior of the powers that be over the last five days, and I then look at sour crypto price action, my conclusion is as follows:
Selling crypto on the heels of this news flow has to be one of the dumbest things I have witnessed in some time.
$BTC $ETH
When I look at the behavior of the powers that be over the last five days, and I then look at sour crypto price action, my conclusion is as follows:
Selling crypto on the heels of this news flow has to be one of the dumbest things I have witnessed in some time.
You don’t have to be an expert trader to go from a $1,000 to $100,000 portfolio.
The current dip in the market should be seen as an opportunity to invest, not a threat.
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The Fed arent going to cut! Its only going to be once or twice! The markets are going to freak out!
Meanwhile, in Global Macro Investor (GMI)...
1995/6 springs to mind... 1/
$SPX $DXY $BTC $XRP $MARA
When IT happens, don't say I didn't warn you; because I'm warning you now.
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You must be contrarian to win big in crypto💰
Buying during capitulation and selling in euphoria.
Here are some promising projects with capitulating charts.
• $MND: 38 mil → 5 mil
• $WRAP: 4 mil → 800k
• $CHAT: 2.4 mil → 300k
Smart money is accumulating and here is why.
Consider bookmarking this post for future reference and price comparison. Let's dive in!
𝟭. @MindLanguageAI $MND:
Translating natural language to trading algorithms represented by a graph based programming language.
𝗥𝗼𝗮𝗱𝗺𝗮𝗽:
POC🟩
MVP🟥- expected Q1
Marketplace🟥- monetizing created algorithms
Feature Store🟥- purchasing advanced capabilities
𝗥𝗲𝗮𝘀𝗼𝗻 𝗳𝗼𝗿 𝗰𝗮𝗽𝗶𝘁𝘂𝗹𝗮𝘁𝗶𝗼𝗻:
Initial snipers have been dumping the token and the team has been bad at communicating. FUD took over the Discord server due to the lack of mods.
𝗧𝗲𝗮𝗺'𝘀 𝗔𝗰𝘁𝗶𝗼𝗻:
The team hired a moderator and more will follow to cover all time zones.
They are hiring a product manager and working with a front-end development company to upgrade the user experience.
Working on registering the company and talking to exchanges.
𝗢𝗽𝗶𝗻𝗶𝗼𝗻:
Most of the FUD has been cleared up. The initial pump also suggests that there is a fit for the product in the market and it struck home in the crypto community.
The AI narrative has been cooling off recently, with the whole sector under-performing.
Additionally, there is considerable interest from smart money:
• 5 wallets hold at least 10 000 USD in $MND
• 8 wallets hold at least 5 000 USD in $MND
• 20 wallets hold at least 1 000 USD in $MND
I think the sentiment will change, especially with @OpenAI teasing GPT 4.5.
𝟮. @WRAPPEDprotocol $WRAP:
Bridging protocol for bringing liquidity from CEXes / non-EVM to Ethereum.
𝗥𝗼𝗮𝗱𝗺𝗮𝗽:
There is no official roadmap from the team but we can get the hints from the website and Telegram channel:
$TIA integration🟩
Withdrawals🟩
Upcoming tokens: $SOL, $ATOM, $TON, $AVAX 🟥
Farm & Swap🟥
Liquid staking🟥
𝗥𝗲𝗮𝘀𝗼𝗻 𝗳𝗼𝗿 𝗰𝗮𝗽𝗶𝘁𝘂𝗹𝗮𝘁𝗶𝗼𝗻:
Initial snipers and whales have been dumping the token. FUD from withdrawals not being activated for the first 24 hours since the $TIA bridge launch.
𝗧𝗲𝗮𝗺'𝘀 𝗔𝗰𝘁𝗶𝗼𝗻:
The team listened to the community and activated withdrawals earlier than planned.
𝗢𝗽𝗶𝗻𝗶𝗼𝗻:
There was a fine line to walk between the security of a newly launched bridge and satisfying the community.
I do believe the FUD was baseless and understand the team for not wanting to immediately activate withdrawals and ensure the bridge is working as expected. The whales & snipers dumping aggravated the FUD.
The team shipped the $TIA integration quite quickly and I believe a recovery is bound to happen.
In terms of smart money, there is less interest in it than for $MND:
• 1 wallet holds at least 10 000 USD in $WRAP
• 7 wallets hold at least 1 000 USD in $WRAP
There has been an increase in smart money activity today.
𝟯. @vectorchatai $CHAT:
Creating personalized, blockchain-powered AI characters.
𝗥𝗼𝗮𝗱𝗺𝗮𝗽:
MVP🟩
Character creation & sharing🟥
Monetization🟥
Whitelabel bots🟥
Expanding (Telegram, apps, APIs)🟥
𝗥𝗲𝗮𝘀𝗼𝗻 𝗳𝗼𝗿 𝗰𝗮𝗽𝗶𝘁𝘂𝗹𝗮𝘁𝗶𝗼𝗻:
Similar to the rest, there has been a lot of FUD due to lack of moderators and the team moving some funds from the tax wallet. Do you notice a pattern?🤔
𝗧𝗲𝗮𝗺'𝘀 𝗔𝗰𝘁𝗶𝗼𝗻:
Members from the community stepped up as moderators with the support of the team.
They released UI / UX improvements.
Informed the community there are plans for partnerships.
𝗢𝗽𝗶𝗻𝗶𝗼𝗻:
The team launched with a functional and impressive MVP, resulting in a big increase in platform usage.
Their biggest Web 2 competitor is https://t.co/uhIGyFddQ4, which raised $150 million at a $1 billion valuation. Integrating Web 3 can be an edge when it comes to monetizing and also capture the crypto hype that will only get bigger in 2024.
Smart money has been showing interest:
• 1 wallet holds at least 5 000 USD in $CHAT
• 8 wallets hold at least 1 000 USD in $CHAT
𝗪𝗿𝗮𝗽-𝘂𝗽
Thank you for reading!
If you enjoyed, please consider following me @brypto_sage for more and retweeting this post.
Disclaimer: I currently only own $MND but have been tracking $WRAP and $CHAT to open a position.
Smart money data provided by @ChainEDGE_io.