Barbell's Lift #2
$GME memes go nuts!
Review of :
- $MICHI
- $POPCAT
- $BODEN
+ Potential Chinese $PEPE ?!?
Analysis made possible by @ChainEDGE_io + @HolderScan (Highly recommend both)
The market is largely ranging, but once again, memes across all major chains are stealing the show.
I'm seeing $WIF breaking out on higher time frames, $PEPE on a remarkable run, and $BRETT recovering impressively from its sell-off FUD, now breaking ATH.
I'm not surprised. Time and time again, memes continue to be the best-performing category. For now....
One significant meme trend at the moment is the launch of meme versions of classic Ethereum-based memes on Solana. It’s a meme within a meme—'Memeception.'
I believe this trend will be short-lived and is likely already on its way out / gone.
Pepe on Solana surged to $70M over the weekend, sparking a cascade of ETH classics on Solana, such as FLOKI, MOG, and BITCOIN.
Another trend is celebrity meme coins, with the most recent example being $MOTHER from Iggy Azalea.
Prediction: This may be a locally short-lived trend. But it could fuel the start of much larger narrative in the future - Social Tokens.
I recently my shift in sentiment towards utility-based plays and why the current market favours meme coins.
But it is essentially its as follows.
Global liquidity is starting to creep up, which bodes well for the entire crypto market and 'risk on' assets. Increased liquidity means more spending by the general public and more free capital to invest. Some of this capital will flow into the crypto market, causing all sectors to rally. Until then, there's only a finite amount of cash in the cryptosystem, creating a player vs. player environment.
So, where does the current capital flow in crypto? I bet those with large pockets will focus on the majors—BTC, ETH, and SOL—while those seeking 100X returns with smaller pockets will continue to gamble in the meme coin arena.
Why? Here's a summary of my thoughts, with more details in the tweets below:
Memes:
- Casino like environment / with better odds
- Easy to understand
- Less vulnerable to exploits/smart contract vulnerabilities
- Armies of marketers (strong communities)
- Naturally drive attention
- Focus on price action and upward movement
- Provide a sense of belonging, making them more resistant to sell-offs
- Often well-distributed and fully diluted, resulting in less sell pressure
- Often No token unlocks
- Less influence from malicious actors (no allocation)
- Often no centralized team to disappoint the community or dump tokens.
Favourite memes at present:
$WIF
$POPCAT
$MICHI
$MAGA
$TREMP
$NPC - 40X
$2M to $80M
One of my best calls. But could this be my first 1000X in the near future?
$NPC stands in its own meme category, can see this running to billions.
Higher.
The @NVIDIAGTC is looming. AI is back on the menu.
Despite its recent rally, this project has a way to go.
🌴 Introducing $PALM - @palmaierc
💪 Chain: ETH
💰 Marketcap: Circa $85M
📊 Tokenomics: 80% diluted
⚠️ Risk: 6/10
🏋️♂️ Where to buy: UNISWAP & MEXC
📈 Strategy:
- Despite recent gains, $PALM still holds significant upside potential.
- With the NVIDIA GTC Conference looming, attention on AI tokens like $PALM is high.
- Short-term play: Wait for a cool-off period for entry.
- Long-term play: Ape irresponsibly if you're in for the long haul.
💡 My take:
- While others focus on $TAO, $RNDR, $FET, overlooking $PALM could be a mistake.
- $PALM, partnered with Endobyte, is reshaping AI with its dataset generator.
- Democratizing AI technology with accessibility and ease of use.
- Positioned to capture a significant share of the AI market.
🎯 Marketing & Branding:
- $PALM's branding is top-notch, positive vibes
- Utilizes familiar Google-style colors to attract a wide audience.
🤖 In-Depth Analysis:
- $PALM stands out not just as another AI chatbot but as a game-changer in AI technology.
- Its partnership with Endobyte introduces an AI-powered dataset generator, revolutionizing AI training.
- Accessibility and ease of use democratize advanced AI technology, making it accessible even to those without coding knowledge.
- Positioned to compete with $PAAL and other AI tokens in a multi-billion-dollar market.
- Marketing and branding efforts align with positive associations, ensuring broad appeal and recognition in the market.
🏋️♂️ Conclusion:
$PALM's combination of innovative technology, strategic partnerships, and effective branding makes it a compelling project for your portfolio.
Everyone in crypto will soon be talking about this.
Understand this new narrative now & be miles ahead of the masses.
Enter, Parallelized EVM’s
What are they and why are we bullish on the future of @EclipseFND ?
Parallelized EVM is a new scaling technology that is the next evolution to Layer2 solutions.
This new tech will allow developers to utilize and match up the best parts of competing blockchains to deliver unrivaled scalability & superior user experience.
One player on the horizon I am bullish on is @EclipseFND , backed by top-tier VC funds including @polychain@tribecap & @robotventures, Eclipse is set to be Ethereum's fastest layer 2, powered by the @solana virtual machine.
Imagine the stability and security of Ethereum with the speed and execution of @solana
Anticipating a Public Mainnet launch, @EclipseFND is currently in test net, allowing developers to preview & test out this software, but it is already attracting some of the best minds in crypto.
So why does @EclipseFND stand as a potential leader in the parallelized Ethereum Virtual Machine (EVM) space?
Introducing parallelization, @EclipseFND addresses limitations faced by project developers in the current blockchain landscape.
What makes it so unique?
@EclipseFND unique architecture combines modular components for optimal performance. Settlement occurs on Ethereum, leveraging ETH as the gas token, while execution utilizes the Solana Virtual Machine (SVM) for unparalleled speed & efficiency. Data availability is managed through @CelestiaOrg offering scalability, and @RISCZero enhances transparency & security with Zero-Knowledge proofs of fraud.
Possibilities & Potential:
Developers on @EclipseFND can build applications for the masses seamlessly.
By incorporating the Solana Virtual Machine, Eclipse aims to be the fastest Ethereum Layer 2, providing dedicated throughput without sacrificing efficiency. This structure & setup eliminates the downsides of ETH & SOL, whilst capitalizing on their strengths. Developers can finally have their cake & eat it.
Tired of specific token launches or dApps spiking gas fees?
Applications built on Eclipse will benefit from Solana’s ‘local fee market’ preventing fee disruptions from on-chain "Hotspots", delivering a consistent & inclusive UX whilst adopting the security inherited from Ethereum.
What's next?
While Eclipse is silent on a native token, early adopters exploring the live testnet & upcoming public mainnet may position themselves for potential token airdrops in the future, akin to what we saw with the Arbitrum chain.
Better yet, familiarity with a hot upcoming ecosystem puts you at the forefront of being able to capitalize on emerging trends & tokens built on @EclipseFND layer.
What are your thoughts on Eclipse? Let me know in the comments.
Wondering how many X's your alt bags can do?
I looked at some historical data.
Here is what I found..
This cycle I believe we will hit $6T Total Crypto Marketcap, which is 2X the Total marketcap of last cycle top.
$6T is roughly 3x of where we are today when considering the total crypto market cap now is just shy of $2T.
So how many X's can we look to see from our ALT bags?
To forward project what newer market players can expect to achieve with a 3X total market growth from here, I ran some calculations on some of the top layer1's from the 20/21 cycle at $1T total mcap to see how they performed during the rise to $3T and market top (NOV 2021)
Here is what I found:
$AVAX $720M to 30Bn - 50x
$SOL $1BN to 80Bn - 80x
$COSMOS $1.5Bn to $15Bn - 10x
$NEAR $450M to 12.5Bn - 25x
$CRONOS $1.6Bn to 22.5Bn - 14x
$FLOW $160M to 5Bn - 31x
$FANTOM $60M to 8Bn - 130x
$TEZOS $1.8M to 7.3Bn - 4x
$KAVA $100M to 1Bn - 10x
$GNOSIS $133M - 1Bn 7X
$BNB $6Bn - 110bn 18X
$DOT $5.4Bn - $54Bn - 10X
$HEDARA $380m - $5.5Bn - 15X
If we take an average of the X's achieved and Jan 2021 Marketcap across the above Layer 1's...
We get an average of 30x achieved from $1T to the $3T top
With an average starting market cap of $1.8Bn
Now I'm going to leave a large margin for error and take 50% off those multiples achieved to give me a safety buffer.
This gives me a performance projection of 15X from now to the next cycle top for this cycle's new Alts around $1-2BN mcap range.
Am I way off the mark?
I would love to hear your thoughts on this below.
For the doubters, the faders.
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Minted my favourite 1/1 ever on Tuesday!!
Mentioned it in the @punks2023 server earlier and they are now going to dedicate a rumble to my boy Marley!!
Hopefully I win and can dedicate the free Punk to Marley and give him it at 18!!