Iāve been accummulating $BOTTO for a while now, and hereās why I'm so bullish on @bottoproject.
($BOTTO FDV is currently $56m FYI)
Iāll try to add some structure to this post:
- Facts & Accomplishments
- Recent Developments + Current Catalysts for Botto
_______________________________________________
A Quick TL;DR - Youāre not bullish enough!
itās impossible to ignore the success of Botto, the AI artist with over 1900ETH in sales, with one of its Genesis mintās currently on auction right now, with a bid of 76.9ETH - roughly a quarter million US Dollars.
With AI dominating mindshare lately, I need to highlight the directional growth Botto is currently experiencing on the AI front. Team members have been publicly discussing Bottoās swarm of AI Agents currently being developed and built, to assist in the training and proliferation of Botto.
with that being said - lets dive in.
If you donāt know what Botto is, I recommend reading this post by @nichanank from @1kxnetwork, who led the $1.67m OTC raise in 2024. https://t.co/xFfFW9SlgR
Now lets get to some facts/accomplishments:
- 1900+ ETH in primary Sales
- ATH Sale for a Botto piece was 100ETH - āScene Precedeā from Bottoās Genesis Period, purchased by non other than @CozomoMedici
- Botto piece āErr Holdā from the Genesis period is currently on auction on @SuperRare, with a bid of 76.9 ETH
- Botto is the first autonomous AI artist to have a solo show at @Sothebys Auction House - generating $350k in sales (140ETH at the time) in a few short days.
- Botto has been covered in articles in the likes of @CNBC, @WIRED, @TheArtNewspaper, @FastCompany
- and as previously mentioned - $1.67M OTC raise led by @1kxnetwork
- Botto available on ETH, BASE (Solana in pipeline)
āWhat elseā you may ask?
letās discuss Recent Developments + Current Catalysts for Botto
- AI - Massive AI Expansion
- P5 - Bottoās latest artistic experiment and accomplishment
Letās dive into the AI:
the core contributors have been working relentlessly on expanding Bottoās native AI functionality. Until now, Botto has been an Autonomous AI agent that creates art, as opposed to verbal/socialmedia interactions (think replyguy twitter agents). Based on 2 recent spaces with @hudsonsims and @nft_parkk its safe to say Bottoās AI functionality is about to set a new standard for AI Agent developers to look up to!
It all started with Otto, Bottoās Intern - a social agent tweeting on @bottoproject. It was a fun experiment and starting point, but the focus is now on building a (near) future where Botto has a swarm of functional agents deployed, to help proliferate Botto as an artist by:
- Training Botto in new ways
- Expanding the DAO and amount of active participants in the Botto Ecosystem
- New Artistic endeavours and capabilities that werenāt possible before
- experimentation with Social Agents with a purpose
Oh and did i mention @BottoDAO recently passed a proposal for $BOTTO to expand its reach to Solana as well?
Picture this.. An Agent Swarm, with autonomous functionality and social purpose to proliferate Botto (and $BOTTO), with multichain functionality⦠are you connecting the dots yet?
And Finally, an honorable mention to P5 (will write a seperate thread on this soon)
The TL;DR on P5 is:
itās a new artistic experiment, where for 3 weeks Botto is continuously self-assessing and iterating on thousands of algorithmic artworks, and itās the first time we can directly impact and train Botto in written format.
P5 will conclude as a final set of 22 algorithms (artworks) which will then be shown with @verse_works at @solos_gallery in London in February, followed by an auction for each individual algorithm.
Will share more on P5 soon! but for now you can check it out on p5(dot)botto(dot)com
to wrap this up, I want to bring your attention back to the greatest part for you.. $BOTTO is currently trading at a mere 56m FDV.
Repricing way higher seems like a matter of WHEN, not IF - hard to deny that with everything Iāve just shared - of course NFA DYOR.
I want to finish with a simple yet powerful take by @__DeFi__
āWealthy people buy art.
Wealthy internet-natives buy internet art.
Wealthy internet-natives who made their fortunes via AI buy AI internet art.
Core contributors are cooking right now, and I canāt wait to see and experience whatever is shipped next!
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I can see all of Fintwit back to hurling insults at each other again, so I figured Iād share my view and try to be a voice of reason, even if I end up being wrong.
Itās my job to stick my neck out. Iāve been doing it for years, and Iām still here.
For what itās worth, I think Bitcoin is forming another broadening wedge pattern, which is typically a bullish setup (chart 1).
Weāve seen plenty of these in the past, and right now weāre testing the lower boundary of support.
Another thing to note is that this bull market is officially 2 standard deviations oversold on the log regression channel (chart 2).
Unless the bull market is over, which is not our view, these levels are about as good an opportunity as youāre going to get to add to this market.
Also worth pointing out, Bitcoinās Bollinger Bands have only been this tight three other times in its entire history (chart 3)ā¦
What does that mean?
Weāre in a mega low-vol environmentā¦
Right now, the bands are as tight as they were in September 2023, just before a 200% rally.
That move lasted from September through March 2024, with a 20% correction in January before prices rallied another 90%.
The next chart shows the last three times Bitcoinās Bollinger Bandwidth was less than or equal to 22, along with the forward twelve-month returns (chart 4).
The sample size is small, but the results have been extremely positiveā¦
Itās the classic beach-ball-underwater dynamic. The harder you push it down, the more explosive the move when it finally breaks free.
All in all, we need to do better when times are tough. Itās not just your hopes and dreams caught up in this trade, itās ours too. Fintwit can be powerful when you follow the right people who are genuinely trying to help. Weāre not gurus, but weāve been doing this a long time, built comprehensive frameworks, and weāre doing our best to share what weāve learned.
At the same time, thereās a ton of poison and hate out there. Avoid it. When times get rough, we should rally around each other and stay focused on the big picture.
This is a 70-vol asset. If you canāt handle that level of volatility, this asset class might not be for you. If you donāt believe in crypto and the life-changing tech it brings, itās hard to stomach the swings.
The only way to survive this kind of volatility is to extend your time horizon. When you think in days or weeks, every move feels like life or death. When you think in months or years, it all fades into noise.
Once you stop fighting volatility and start embracing it as a feature of this space, everything changes. Volatility turns into opportunity. Itās a gift that lets you add to your conviction.
Our view remains that Q4, once the dust settles, will be bullish, and weāve done a ton of work to support that view.
Thatās the best I can leave you with on days like this.
Good luck out thereā¦
@rebelwithsnacks@himgajria Again - euphoria is *market emotions*. Ie the sentiment of the entire investor class. Not the select people with the āright coinsā.
Also wanna reiterate. Not saying Iām right - just observing sentiment and emotions
@trenchplanet@himgajria Just wanna be clear this conversation has nothing to do with my positions.
Im genuinely just observing sentiment and I personally have not seen widespread thrill or euphoria at all.
Every other ācycleā has had *widespread* euphoria - where only ones not feeling it had 0 alloc
@himgajria Euphoria is not a price on a chart sir. Itās an emotion. Every other cycle has ended with basically everyone *feeling* euphoric - have seen limited cases of this at best.
So unless this time is different, then euphoria still to come.
Not saying Iām right - just observations
@toptheriskcurve@himgajria Macro top should imply macro emotions. Canāt say the entire crypto market is topping with euphoria because of a few standalone cases imo.
Past 3 cycles have ended with everyone being a genius - so unless āthis time is differentā then we didnāt get euphoria