Crypto Talks

Crypto Talks aim to do our part in the mass adoption of blockchain tech, we educate, provide tools and content on various platforms. Join discord!

[Crypto Talks @CryptoTalksPod]

IMAGE 1:
If #bitcoin breaks down to our target at 48k, #solana should be entering it's own bear bottom range as well.

This sits between our Bear Bottom Hunter signals (green arrows) between 78.5 and 44.7 USD which forms the bottom range seen in the image below.

Previous bear bottom signals gave us essentially perfect opportunities to buy the deep-end of the bear.

Liquidations on $SOL end around 47 USD and confluences with a sizeable buy order block. (blue area)

IMAGE 2:
But it all comes down to Bitcoin and where it bottoms.

Bitcoins Realized price is 54k and bear bottoms tend to come in just below that, while the CVDD on BTC sits on 47.4k right now and we have never bottomed below the CVDD line.

The MVRV-Z score also suggests further downtrend on $BTC which lines up perfectly with the bottom box.

Rainbow chart, CBBI, LTHRP and other onchain models all suggest we're pretty close to a bottom but not there just yet.

- Hence 48k BTC, 48 dollar SOL is in the cards.

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@Ntoo3 @DexHunterIO 🫣

[Crypto Talks @CryptoTalksPod]

@0xRasm @DexHunterIO Correct. ✅

[Crypto Talks @CryptoTalksPod]

A quick educational thing, hope it helps.

#onchainanalysis

[Crypto Talks @CryptoTalksPod]

Showing 4 charts of projects where you don't need the token to use the product and calling that "an exploding ecosystem" is some new level of delusion my friend.

ESPECIALLY when you see they are all $ADA pairs that are going up in value against the coin which is crashing in price. ( the tokens can sit flat in price and will still gain value against ADA )

The ecosystem is NOT growing.

This is NOT how you look at data to derive ecosystem growth.

You look at things like:

#1 - Developer commits.
#2 - Daily Active Addresses.
#3 - Transaction Counts.
#4 - TVL
#5 - Chain Revenue.

Note:
You want to see an uptrend in these metrics, or a "flatness" during a bearmarket.

And then, you do the same research on other blockchains to compare the growth differences to see how competitors are doing in comparison.

Do that, and see how dead #Cardano actually is.

It's not FUD, it's pure data taken straight off a blockchain explorer and plotted on a chart.

You can check yourself, so go and do it, unless you're scared to be proven wrong by yourself.

And don't try to warp the data you're seeing into fitting your narrative either.

Dev commits = Developers building ecosystem, growing ecosystem = DAA growth = buy preassure

Daily Active Addresses = Chain adoption and liveliness, needs to be compared to competitor chains to see the delta between the two.(or more)

Transaction count = Chain liveliness and user activity = how useful is the chain for the users in reality.

TVL = Locked value the users are willing to have sit on chain etc, economic value growth

Chain Revenue = Tells you how much dollar value per day in is "burned" or "spent" by users which must be replaced by "buying preassure" as users need to buy more of the TX coin in order to continue to use the chain.

Hope that helps.

Pro analyst tip to round this off:
If you have thesis, your job as an analyst is to try to destroy your own thesis in order to make it stronger.
That means, look for weaknesses in your thesis, try to prove the weakness is there, and then change your thesis until it's impossible to destroy any part of it.

Hope to see you on the other side, thanks for reading and goodluck.

You can use our website (https://t.co/DGoxcENn7L) to check these metrics, we even have formulas derived from the single datapoint metrics to help you with more insight, and a chain comparison tool to help you speed up the process.

Or, use another good site like Glassnode, artemis, santiment, defillama or any of the other ones.

Thanks for your time.

(Below is an image of our onchain tool spreadsheet to give you an idea of why you need to look at these metrics)

[Crypto Talks @CryptoTalksPod]

@CardanoRacers The real question is are you going to eat your words when you get proven wrong for the 5th year in a row?

Chain is dead, accept it.

[Crypto Talks @CryptoTalksPod]

@IvanOnTech @bullmania I don't even bother anymore with trying to show data to Cardano fans, it flies right over their head because they won't allow anything past their bias.

No point, just stop talking about it.

[Crypto Talks @CryptoTalksPod]

@JureKaramarko Actually it's more like:

#1 - They know how to read data.

Cardano maxis keep pushing "it's built on research" but can't for the life of them read research properly themselves.

No hate, just observations.

Cheers.

[Crypto Talks @CryptoTalksPod]

@moodybtc 100% agree.

Don't get married to your bags.

That's not what a real analyst does.

[Crypto Talks @CryptoTalksPod]

Because no matter how many times we share data on how dead Cardano is, the community seems to pretend like it's not true due to being subjected with suboptimal analysis for so long.

People trying to watch out for others isn't out of hate, it's out of compassion.

I wouldn't waste my time trying to explain why Cardano is dead unless I wanted to try to protect people from painful losses.

Do with this information what you want, but I'm just sayin.

The chain has shown clear signs of death / migration for years, numbers on chain just keep getting worse and worse. The data says it all, just look at it, accept it, and move on.

Thnx

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@ivShubham_INN Yes yes, all that instead of just puring concrete into the hole.

Very smart. 🧠

🤣🤣🤣

[Crypto Talks @CryptoTalksPod]

We take onchain data directly off blockchains, calculate it all and push it through our own infrastructure on our website.

You can find onchain data elsewhere too ofcourse.

We’re still building out our site but have a look if you want:

https://t.co/gIbUNWuWDN

- Other sites include Artemis, glassnode, defillama etc etc, but we also focus on other data, not just onchain.

Enjoy! :)

[Crypto Talks @CryptoTalksPod]

@MillerJack1996 @MinswapIntern No worries, shit happens! :)

We're certainly not troller's, we're a whole business that develop analytic tools for the crypto markets.

So we should at least know how to look at it, in a serious way. Wouldn't sit around posting shit on X like many others do. :P

[Crypto Talks @CryptoTalksPod]

@MillerJack1996 @MinswapIntern Old data? Look at the dates sir.

[Crypto Talks @CryptoTalksPod]

@PeterSchiff With your experience Peter, I think you should know to use logarithmic charts for timeframes like this.

[Crypto Talks @CryptoTalksPod]

All I can say is this.. 5-10 million in volume is a dead chain in this space my guy.

You're looking at data that is telling you that there is 5-10 million in volume on the chain, but instead of comparing this to competitive chains to understand the delta between them in order to quantify wether 5-10 million in volume is a lot or a little, you take it as a sign the chain is alive and well. - This in not how you look at data.

It just isn't. The cardano ecosystem has been dying a painful death for years and sadly the #Cardano community have chosen to look for confirmation bias data just to protect their own integrity or something.

This is extremely unhealthy behavior of an investor in any market.

See below what happens when you compare Cardano to the Benchmark chain that operates in the same space.

I'm sorry but it's been time to let go of this ghost of a chain for years now, so just let go.

https://t.co/8U7hnZKXhN

[Crypto Talks @CryptoTalksPod]

@MinswapIntern What on earth are you on about?

The ecosystem is absolutely dead.

You need to learn how to look at data.

[Crypto Talks @CryptoTalksPod]

@MinswapIntern What on earth are you on about?

The ecosystem is absolutely dead.

You need to learn how to look at data.

[Crypto Talks @CryptoTalksPod]

@LongFancy48261 @MinswapIntern Everyone can, I don’t think people are incapable, just have not learned yet

[Crypto Talks @CryptoTalksPod]

@markus_AI_ @Sssebi @caffeineai @oisy @markus_AI_ You got awfully quiet sir

[Crypto Talks @CryptoTalksPod]

@markus_AI_ @Sssebi @caffeineai @oisy You realize that bots pay transaction fees right?

A blockchain protocol doesn't care who is behind an active address, the address pays the tx fees nonetheless.

Your research is flawed.

[Crypto Talks @CryptoTalksPod]

@MinswapIntern At least look at the chart using USD value ffs, the number of ADA might increase but the value of them is collapsing. Stop misleading people with confirmation bias. This chart in USD looks vastly different.

[Crypto Talks @CryptoTalksPod]

@MinswapIntern Compared to a chain that has an actual ecosystem:

Please, look at real data and stop trying to convince people that don't know any better that they should buy some dead blockchain just because you're too lazy to fight your own confirmation bias.

[Crypto Talks @CryptoTalksPod]

@MinswapIntern What on earth are you on about?

The ecosystem is absolutely dead.

You need to learn how to look at data.