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Crypto Banter +
Bitcoinโs PARABOLIC PUMP Is Beginning! (HOW TO TRADE ALTCOINS NOW)
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Another unscheduled weekend stream but the reason why I came to you today was because if you look at the price of Bitcoin now we're at 69,700 and what this means is that we're here on a low volume weekend and Bitcoin is trying to break through its all-time high. And you know after it breaks through the all-time high what happens is it goes into what they call price discovery and when it goes into price discovery there's no more supports and there's no more resistances and it just basically goes to discover a new price.
Now the big question is can Bitcoin actually go into price discovery on a low volume weekend because we know that Bitcoin right now is being powered by the institutions. So it's almost like can we actually do this without the institutions on a low volume weekend. I mean speaking of low volume weekends if you look at the altcoins what you can see is that because we're not powered by Wall Street because Wall Street is closed today you can see that as Bitcoin pumps it is sucking the life out of the alts.
And that's what we're going to talk about today we're going to talk about whether we can break the all-time high and which alts are going to run because we saw a shift from the AI tokens into the gaming tokens and that and there may be another shift that is imminent. So that's what we're going to talk about today. Also what I'm going to do is I'm going to show you my top 10 crypto holdings and I'm going to show you a lesson in those top 10.
I'm going to show you how I got them and I'm going to show you my holdings and then you're going to realize that there's a big lesson in my top 10 crypto holdings which maybe you should apply to your top 10 crypto holdings. So big weekend stream guys. Let's go guys. There's no rest in the bull market I tell you that much. No rest in the bull market because I can't be at home doing nothing when Bitcoin is trying to smash through its all-time highs and definitely what we should close at the highest weekly close ever. The previous highest weekly close was at 65,000 or something like that.
So this is definitely going to be our highest weekly close ever unless something drastic happens in the next seven or so hours. But the question is whether we can keep this weekly close and whether we can get into price discovery on Bitcoin with a low volume low liquidity weekend pump. And especially because we know that right now Bitcoin is actually being powered by Wall Street. That's what we're going to be talking about today. What I'm going to show you my top 10 crypto holdings. I'm going to show you what the shift of narrative is the shift of narratives that's happening on the altcoin markets. We've got a lot to do today.
So listen, if you're not already subscribed to channel on this is Banta Plus. This is where I'm going to be broadcasting for the next couple of weeks. Subscribe to Banta Plus right now and put on the notifications because we're not going to be coming to you at the normal times anymore. The only way you're going to know that when we're coming to you when we bring you the alpha in bags in suitcases is if you're subscribed to Banta Plus and your notifications on. So listen, go, go, go subscribe. I'm going to wait a second.
I'm going to get a drink while you guys all subscribe to Banta Plus because I know that not everybody subscribe to Banta Plus. Also, if you have been here before and if you joined our show yesterday and if you joined our meme coin show yesterday, let me know what you thought of the show. This show was absolutely, absolutely, absolutely ballistic. I don't know if you guys watched it, but huge, huge, huge show. I think nearly 100,000 views, 85,000 views, which is unbelievable, unbelievable, unbelievable. We can talk about that meme coin show because that is one of the narratives that's running.
But if you want more of those meme coin shows again, just smash like button. Let us know that you actually like them and hurry up. Subscribe. What's going on? You guys are subscribing like ants, ants. Come on, let's go. Let's go. All right, let's get into the alpha of the day. And there is a lot of alpha today. Remember how the alpha machine works. You smash the like, the more likes we get, the more excited I get, the more excited I get, the more alpha I give you. I've got lots of alpha for you today.
Tons and tons and tons and tons and tons and tons and tons of alpha today. Let's fucking go. Let's go, go, go. All right. So I think the best place to start, as always, is to get into the Bitcoin chart. We are I mean, sixty nine thousand six hundred and forty three. We're going we're pushing for that all time. We're pushing to get into price discovery. We know that when we get into price discovery, what's going to happen is a scenario like this. The Wall Street brokers are going to come in.
If we can keep this high, if we can break through the high and get some kind of FOMO momentum and we could do it. We could do it even though it's even though the institutions aren't here, even though it's on low volumes, there's low buyers and low selling volume. And we had I think two billion dollars of tether printed this weekend. Now, this two billion dollars of tether is actually like fuel for the weekend fire. And we had two billion dollars of USDT printed. So we've got a lot of fuel that we can put onto this weekend fire.
What we want is we want the price of Bitcoin to go up so high over the weekend that when the institutions come to work on Monday morning, they get institutional FOMO and they go, Holy shit, did you see what actually happened to Bitcoin over the weekend? It's now in price discovery. Now, look, it could happen and it could happen really soon because remember what happened when we when we tapped the all time high or let's not even say all time high because we did actually beat the all time high. When we tapped price discovery the first time, we tapped price discovery. And then, as you can see, we went all the way back down.
That's what happened the first time. Then we tapped it again and we went down, but we didn't go down much. So like the first time we went down 15 percent. The second time we went down five percent, maybe third times a charm, maybe fourth times a charm. But when you tap and you tap and you tap a price point a certain number of times, eventually you get to a point where it's almost inevitable that you're going to break that that price point. You melt away the resistance. You melt away all the sell orders. You get rid of all the people that want to sell at that price. And then we continue to go up.
So I don't know if third time's a charm like the researchers are saying. Maybe it's fourth time. Maybe we get it tonight on a low liquidity pump and then the brokers walk in to the office on Monday morning. And the first thing they want to do is FOMO into Bitcoin. And then we see the first time that we get institutional FOMO. The one thing that you've got to notice, though, which is different about a weekend pump from a weekday pump in the past couple of in the last two months, call it since the ETF launched, the ETF launched 11th of January.
And for the last two months, every time that Bitcoin has pumped, it hasn't taken down the altcoins with it. Right now, what you're seeing on the weekends, when we get an altcoin, when we get a Bitcoin pump on the weekend, what it does to the altcoins is it basically sucks the blood out of the altcoins. And you see the altcoins actually starting to bleed. Now, that wasn't the case before, because before what happened was or during the week, we've got Wall Street powering Bitcoin, actually putting new money into Bitcoin. And that money is basically us selling them our Bitcoin and us putting money into altcoins. So we're getting simultaneous Bitcoin and altcoin pumps.
But now what you're seeing is because there's no Wall Street hosepipe that's plugged into the crypto ecosystem, we don't have that Wall Street insatiable hosepipe, which is going to go on tomorrow morning at nine thirty in the morning. We don't have it now. And so that means that the only way to get the altcoins or the only way to move money around is either to put new USDT in, of which we got two billion dollars yesterday, or to juggle money between Bitcoin and altcoins. And that's what's basically happening. So you can either you can either juggle the money between Bitcoin and altcoins.
And as Bitcoin goes up one point to nine two percent, you're starting to get bleeds in the same altcoins that actually ran yesterday. But don't worry, because tomorrow morning, tomorrow morning US time, they're going to plug in the hosepipe again into the swimming pool and they're going to start filling it up with water again. And then the pump will continue and the pump especially will continue if we can somehow break this all time high. So I don't know if you don't know, maybe phone your friends, phone your family, phone your mom, phone your sister, phone your dog, do whatever you want. Just get them to buy a little bit of Bitcoin.
Maybe together we can push this up and we can get this into FOMO. We can get this chart to continue to climb up the stairs into FOMO. Speaking of FOMO, the biggest creators of FOMO today actually, believe it or not, is not us again. It's actually the institutions. I mean, I don't know if you've been listening to what mainstream media have actually been listening to or what mainstream investors have actually been listening to. But let me tell you, it's actually when I listened to it, when I heard it, I was like, I actually can't believe that after being here for so many years, I can't believe that I am what I'm hearing on mainstream media.
I just can't believe it. I also can't believe who I'm actually hearing it from. So I mean, I don't know if you heard this. This was Larry Fink. I mean, who would have thought that he'd ever speak about Bitcoin? But just listen to how he is speaking about Bitcoin now. There's a lot of merit to it. There's a lot of opportunity. It is a great store. And this is where you can debate. Is it a good store? Do you know how it's made? A bunch of computers figure out math problems. But the issue is if people believe that it can be an asset that can be cross border. And let's be clear.
I mean, he's not showing that Bitcoin is cross border. If you're in a country where you're fearful of your government, and maybe this is one of the reasons why China has banned it. If you're in a government where you're, if you're in a country where you're fearful of your future, fearful of your government, or you're frightened that your government is devaluing its currency. So I mean, he's not done an advertisement for Bitcoin talking about, you know, if you're fearful of your government or if your government is devaluing your currency with. And listen, he actually says the US and he avoids the question. Too much deficits. Like us. I'm not going to go there.
You see? There's a little elephant in the room here. You could say this is a great potential long term store of value. And as I said, it's like digital gold. And I and I believe. But you still can't buy a slice of pizza with it. Isn't that kind of odd that you can't buy a price of pizza with palladium or or gold? No, but you can do stuff with them. I can get stuff. Can you believe this is Larry Finck defending people? You could buy and sell your Bitcoin no different than gold. So it is very what is it? But gold is put in like jewelry, jewelry and iPhones. I think there's there's in some electronics, more silver.
But you see what I'm saying? It's there are practical uses Bitcoin. It's literally a ledger. It is a ledger. And but it's a international ledger. It's cross border. It's it's bigger than any government. I see. I agree with you. It would have blown up, I believe, in FTX and it didn't after FTX. So we now have Larry Finck defending us. He is now the new spokesperson for Bitcoin. You also have Kathy Wood going on. And what she says is that she says that their price target was too low. And she basically says, look, we have to increase our price target to higher to a million dollars and sooner as well. Listen to what she says.
Your price target for Bitcoin is Bill Case north of one million US dollars. So if you had that Bill Case for more than one million USD Bitcoin, has your forecast timeline to reach that price now shortened? Yes, that target what we evolved in it was before the SEC gave us gave us the green light. And I think that was a major milestone and it has pulled forward the timeline. One thing I will say right now, no wirehouse, whether we're talking about Morgan Stanley.
So this is important because what she says now, she says, look, if you think that you've seen the price action already, you haven't seen anything because none of the wirehouses have actually actually allowed their customers to actually start buying. Listen, or Merrill Lynch, B of A, UBS or Wells Fargo. No no platinum has approved Bitcoin yet. So all of this price action has happened before they approved. And so, you know, we haven't even begun. So what's your timeline for one million USD Bitcoin now? And is there perhaps a price target beyond that now? Yes, our target is above that. We've got a 2030 target. So it's well above that.
And with our new expectations for institutional involvement, the incremental price that that we assume for institutions actually has more than doubled. So, you know, I don't want to give out any particular prices. She's saying more than two million dollars, but she's saying it's going to happen next cycle. That's pretty pretty important for the next part of the show, because I'm going to show you kind of like which tokens from the previous cycle have actually made it big in this cycle and how important it is to actually hold tokens for more than one cycle.
But she's saying a two million dollar Bitcoin in the next cycle, basically, because remember, a cycle is four years and we're in the middle of the cycle. So we're going to have this halving. So it's two million dollar Bitcoin that that that she's pushing. So right now, what it is, it's full steam ahead. You've got Kathy Wood. You've got Larry Fink all doing the marketing job for us. I mean, I saw this meme. I'm going to just post it for one second, but I think it was the funniest meme I've ever seen. The Vanguard people wearing garrison. Garrison is a haircut.
But, okay, now the result of all the pushing is you've got like billionaires like Bill Ackman, who owns huge funds, part of Wall Street's elite. And he's not I mean, he's not saying a scenario. Bitcoin price increases leads to increased mining and greater energies, which drives up the cost of energy causing inflation. And then basically, the increased inflation means that they need to print more money. Therefore, Bitcoin happens. So maybe Bitcoin actually causes its own price to go up. And at the end of it, he ends up by saying, maybe I should buy myself some Bitcoin.
But that's I mean, if he's thinking it and he's one of the more progressive fund managers, I mean, we've only really just started. We've only really just started. And as we've started over here, what you can see is that the nine new ETFs have now flipped the behemoth, which was GBTC. So GBTC was the biggest holder of Bitcoin in the world, I think other than Satoshi. And now the nine ETFs combined, the other ETFs combined have now flipped GBTC. And that's a good result. We want the Bitcoin out of GBTC to flow slowly out of GBTC and for the other ones to absorb it. And that's exactly what's happening.
And remember, this is all happening before the halving. So just this is the you know, if the seven there's a seven point five to one imbalance between the new Bitcoin produced and the Bitcoin absorbed by the ETFs. And when the halving happens, that's going to be fifteen to one. So that's the Bitcoin story. That's the Bitcoin story. But you didn't come here for Bitcoin. You didn't come here on a Saturday on a Sunday afternoon for Bitcoin. You came here on a Sunday afternoon for something else. You came here for altcoins. You didn't come here for Bitcoin. So let's quickly jump into the altcoin market. The altcoin market.
Just remember, if you're not already subscribed to Banta Plus, please subscribe to Banta Plus because this is where we're going to bring you the alpha for the next two weeks. Tomorrow, I'm not going to be on Banta. I'm going to be on Banta Plus. If you want the content, it's here on Banta Plus. Don't look for me tomorrow at Banta. I won't be there. Don't look. I'm on Banta Plus now. All right, let's go into the altcoins. Let's go into the altcoins. And as I said to you, as Bitcoin tries to break its all time high, the altcoins, the life is being sucked. Out of the altcoins.
So I think to look at the altcoins is a very scary picture. But if you zoom out, it's like, let's look at the last week. Let's not look at it on a daily basis. By the way, you can do this on Banta bubbles. Just go to Banta bubble. Just click on the weekly. Also, you can look at the hourly. The hourly is a very powerful tool because it shows you when the momentum is changing so you can trade it really quickly. And it also shows you which which bubble. So you can see now the momentum changed in the last hour and it's meme coins again. It's OK for the Hex community.
I'm acknowledging that in the last hour, the Hex bubble, the P Hex bubble exploded by 14 percent because you always ignore the bubble. So please, if you could cut this and you could meme this as well. Hex has gone up 14. 94 percent. But it's the meme coins that in the last hour have turned. But anyway, let's zoom out back to the last week. When you look at the last week, you can clearly see exactly which narratives are pumping this market right now. And it comes down to pretty much three narratives which are pumping the market. And what the market is telling you is that these are the three hottest narratives for 2023.
Maybe there's a fourth one. It's AI, it's memes, it's gaming, and I think it might be deepened. That's it. And you can see that. Let's look at let's look at the actual data. So this is the actual data. Nothing beats the meme coins. I'm going to talk meme coins with Gustavo Amen in a couple of seconds, but nothing beats the meme coins. Look at the returns, the meme coins, month to date performance. Nothing beats the memes. After the memes, you have AI and then like down here is somewhere you have deepened and gaming. So this is where the returns are coming from. Let me let me actually put this into a better screen.
So this is where the returns are coming from now this month and probably for the for this part of the cycle. Memes, AI, AI, and gaming and deepened. So let's quickly go into the narrative. So we did call the AI narrative on time. And we said to you the reason why the AI narrative was going to run was very, very, very much because of this Nvidia conference, because you've got jewels from Render speaking at this conference. And that is why you had the the Render explosion. Render is now 1146. It went up as high as 1249. So very, very, very good for Render. But you see they're all calming down now.
The question is, are we going to get a secondary pump as we actually go into the conference, which is happening on the 18th of March? Watch out for this secondary pump. Watch out for the secondary pump as we get closer to this. So we did make you a watch list of the AI tokens, the same watch list. You can see that it's Tau, it's Akash, it's AOS. AOS has had a fantastic week. Just look at the performance of AOS. Is it in the first, the top 100? No, it's in the next 100. I mean, here we go. AOS is 149 percent up this week. PAL also up.
So the AI tokens continue to pump, although everything started to come down. You saw Worldcoin went all the way up to like $11. Also started to come down. The AI narrative was what pumped first. Another one which which I have been looking at. I wasn't going to talk about it today, but since I landed up on this page, AIT protocol, it is a subnet on BitTensor. We did take a position in this token. I'm going to do a lot more research on this token, but I am very bullish on the BitTensor ecosystem.
When I woke up this morning, what I realized was that the pump on the AI tokens had stopped and there was a new pump in town. And the new pump was actually gaming. So we went from AI to gaming. That was the new pump that actually happened in town. So I saw this morning when I woke up, all the tokens were down, except for you see Gala, Axie, Sandbox. So you can see that there was a shift and this could be the beginning of a much bigger shift, which is happening, which is going to happen. So keep your eye on the ball here.
I suspect and we obviously would have to confirm this as it happens, but I suspect that what this market is showing us is that it's showing us that we're going to have a move from AI to gaming. So we could continue the AI pump until the 18th until this conference actually happens. And people like Ilya from from near protocol actually land up at the conference speaking on a panel with Jensen Huang, Jules Orbach also speaking at this conference. So we could get a pump until like the 18th or 20th of March.
But then what I saw this morning was that the shift might happen into into gaming and we make it part two or part three of the gaming run. So this morning when I looked at the bubbles and I looked at the charts, basically I saw that there was a move into gaming. You can see you can see which gaming tokens of Gala games just broke out. Everybody's been talking about this Gala games breakout. I want to show you Kyle's tweet regarding regarding Gala because I think he shows a very good chart on it on their tweet. If you don't follow Doopster, you should follow Doopster is very good.
He's also very rich now because he's been trading meme coins, which we're going to talk about in a second. OK, so there we go. You can see that the Gala breakout, the next levels are like way, way, way, way, way higher. So Alex Becker also saying this is as the leader of crypto and most popular famous crypto advice man. I'm happy to declare it's not time for the next gaming leg up. So let's look out for gaming. We gave you guys a watch list. I mean, there's multiple watch lists out there. I don't want to spend a whole lot of time. I do just want to say that.
Once again, notice that the first pump in gaming tokens actually happened in the previous cycle. Then everything went down close to zero. And then in this cycle, we're actually seeing the real gaming pump because in this cycle you actually have games that are going to be played. And again, I'm talking to you about cycles. We spoke about cycles earlier in the game. We spoke about how Kathy was holding for the next cycle. I'm now showing you that the AI pump, if you look at the tokens that actually pumped from the AI pump, most of them were all last cycles tokens. So Akash is last cycles token. AOS is last cycles token.
Only BitTensor on this list is new. The graph is last cycles token. Ori is last cycles token. Fetch. AI is last cycles token. There's a lesson in all of this. If you look at gaming, we did get a pump last cycle. It was this baby pump over here. And this next cycle is going to be the big gaming pump. Why? Because we'll probably get a hit game. This pump round, this time round, this cycle round, we'll get a hit game. And then that will ignite the entire gaming bull run. So again, I'm trying to show you that a lot of the narratives actually started last cycle.
In a couple of seconds, you'll understand why I'm being so finicky about this. You're also seeing that, as I said to you, this is the cycle where people are actually starting to play games. You've got pixels with 505k daily wallets, Heroes of Marvia, which is one of the games that we invested in, also huge player bases. This is the cycle people actually start playing games. In terms of a watch list, my watch list doesn't change much. We gave you this gaming watch list. We'll publish it for you guys below. But the gaming tokens remain the same. So we literally gave you this whole gaming list. I don't want to spend time about it now.
If you think we are going into a gaming bull run, then get into the launch pads because there's a lot of launch pads. Our favorite launch pad when it comes to gaming, obviously, CDFI. They're doing a node cell for Ether cloud, it's called. So go and check it out. I mean, if you like that. Also, one of our other sponsors, Fakana, if you haven't checked out Fakana, go and check it out. It's awesome. I mean, the graphics in this game were absolutely, absolutely amazing. So go and check it out. I think the tokens actually also done pretty well. If we could just check it out. Let's just have a look at Fakana.
I think the token actually has performed. I mean, everything's gone down. Let's have a look at it. OK, it is. Yeah, it is. It has performed. Yeah, I mean, it was it's doubled in the last month or so. So I don't know. Definitely one. Definitely one to check out. That's definitely one to check out. So the narratives, as I said, the first narrative was the AI narrative. That's the move into into and that's moving into gaming. But to be honest, like someone says, yeah, neither of them actually got anywhere near to the meme coin narrative. And I mean, you know, love it or hate it.
If you love it, love it or hate it, the meme coins are the ones that are giving everybody the returns. And if I look at my timeline, I mean, this is my timeline. My timeline is all about meme coins. All my serious investor people, all my serious investor friends are all talking about me. This is Ryan Selkis. He is the founder of Masari. They are one of the most credible research houses in the world today. And he's talking about how Trump has flipped Biden. These are the top 10 Biden Trump meme coin derivatives by market cap. I mean, I actually landed up.
I mean, I was so absorbed by this culture that I actually started to buy. I actually landed up buying quite a big position in in in some of these meme coins. And I mean, again, I'm not when I say quite a big position, I mean, I'm not. When I say quite a big position, less than one percent of my portfolio. But never did I ever think that I put that much money into meme coins. So I landed up. And when I landed up, I actually when I bought it, I actually I'll walk you through how how I bought it. I'll walk you through what my my my rationale was.
So first, I realized that everyone's having fun playing with memes and I want to have fun. Investing must be fun. And I want to have fun playing with memes. Then I saw Burbs post Adrian's Adrian's post. He says, and the first thing that I saw is I saw Elizabeth Warren. OK, and I saw I mean, I love that one. Jensen hung. I just feel like as a guy, I don't want to be holding anything that's like hung. Just not not really want to be holding anything that's hung. But Elizabeth Warren Warren Warren Warren Warren Warren Warren, that one really spoke to me.
And the reason why that one really spoke to me was because to me, it like represented the official token of the opposition, because we know that she's the one pulling all the strings. And so I just wanted to to hold it just as a symbol. I caught myself buying it as a symbol of my allegiance to the resistance of crypto. And that's why I landed up buying it. I mean, I'm not telling you to buy it. I just I mean, I'm just telling you that I went and bought it. I went and bought it just because I said it. I said it's not the official token of the crypto resistance.
I took quite a big position, put a couple of thousand dollars in there. I paid probably what what what is trading at now, which is like nine cents market cap of ten million dollars. So I did that just because to me it felt like by buying it and probably dumb dumb of me to think that. But I felt like I was buying into the is the the resistance. And that's why I landed up buying this token. I also bought Brett after the show that we did yesterday. Brett is the meme of the year. So I bought that one. If you didn't watch the show, go and watch the show.
Over 100,000 people have actually watched yesterday or almost 100,000 people have actually watched yesterday's show. And we had I mean, it was dirty. It was filthy, filthy, filthy, filthy, filthy, filthy, degenning. Another cool meme thing that we should probably talk about is this where they saying it is a bet. Dogecoin will be the first hat, the first on the sphere in Vegas. And then Ansem said, no, no, no, it won't. And what they started to do was they started to raise money because it costs six hundred and fifty thousand dollars a week to put an advert on the sphere in Vegas.
And so they started raising money for for for dog with hat to be on the sphere, which is crazy. But I think they're actually going to I think it's actually going to happen. So if you look here, they have already raised two hundred and five, two hundred and five thousand dollars. They need six hundred and fifty thousand dollars, but they've already raised two hundred and five thousand dollars to put the dog with on the sphere at Vegas. So if you want to contribute, it's worth hyphen sphere dot V. E. R. C. L. dot app. I mean, go and give a little bit, go and give like a couple of of of USTC.
And then, you know, maybe we can get dog with hat onto the sphere in in in Vegas. You know, if you think that that dog with hat doesn't have any way to run, you can kind of see this is the race and you can see how like how, you know, the doge on a twenty four point four billion sheep on the twenty billion and dog with hats on a two point two billion. I'm not saying it will run. I'm not telling you to buy this because again, this is these are these are filthy, degeny picks. But I am telling you that this all all can happen.
And in fact, if we want more degen altcoin meme coin picks, just tell me in the chat, tell me in the chat that you want more picks and then it will just phone Gustavo and Gustavo will come on and give us picks. So let me know in the chat. Yes or no. Should we get Gustavo on in the meantime? If you haven't subscribed, subscribe. Also, if you haven't yet, if you want to win an Apple Vision Pro, don't forget that at the bottom of all our shows, there is a link. And in that link, you in those links, you can sign up for any one of our exchanges.
You can win an Apple Vision Pro and you can win the banter bags. So if you want Gustavo on, let me know and we'll call him. Let me know in the comments. In the meantime, I'll call him and just tell him to get ready in case you guys want him on. You want more? You want more? You want more Gustavo, Gustavo, Gustavo, Gustavo? All right, let me let me let me phone Gustavo and tell him to come on. Hold on. I hope he can. I'm not I'm not telling you that he can. I'm just we're going to call him now and see if he can come on. Gustavo. Gustavo. Hello, Ren.
I'm live, bro. I'm live, bro, and the community want altcoin picks. You want to come on? Oh, that's awesome, because I was just right now about to buy some meme coins. You're going to buy now. OK, can we get you on, bro? Yes, let's go. OK, log on, log on, bro. Log on, log on, log on. I'm bringing you in. Log on. There's a link. There's a link in your in your WhatsApp. I'm going to send you a link. Log on, log on, bro. OK, that's cool. That's cool. All right, let's go. So Gustavo is going to join us.
He's going to do that while he's while he's logging in because he has to log in. Remember, I'm going to be on Banter Plus for the next couple of days. If you want to get the alpha, you have to subscribe to Banter Plus. You have to hit the notification because it's not going to be at the normal times. It's not going to be on normal times. All right. I see Gustavo is on. Gustavo, the meme coin king. How are you guys? Hello, everyone. Pleasure to be on. What's happening? What's happening on the meme coin market? So what happened the last twenty five? Yesterday we had a great show.
We spoke about very dirty meme coins. We spoke about cats. We spoke about we spoke about what happened. So in the last 24 hours, let me just share my screen here. So one NFL player, very famous, is called Justin Pugh. And he said, I'm thinking about taking my salary in Dogecoin this year. OK, so I would take it. I would take it in. I wouldn't take it in Dogecoin. I would take it in with everything that we think is a top signal is happening now and is being eliminated because it's no longer a top signal. So whatever the top signal is, it's going to be ridiculous.
You know, I think usually signal and it's just the beginning. I'm glad you spoke about top signals because the last two times that we've done a show and meme coin show, the last two times that we did a show, it marked a local top. Usually it means for us. You can see we made a show here yesterday. The last time was 19th of December. That marked a local top. Didn't last very long. And then before that, we did one on the 5th of May and that marked a local top. So you are talking top signals. I just thought I'd show you the top signal. No longer.
This one is not going to be a top signal. It's not. All our memes are popping today and they're not going to stop. Okay, if Bitcoin goes up a lot, they might correct a little bit, but I don't think it's going to stop. I think we still have a lot of room to go on our meme coins. All right. What else happened in the last 24 hours? So this guy called CL is a very famous trader. He's a very good trader. And he's saying a lot of traders wish to be more retarded to make it this cycle. And so here are some of the common neuropharma targets for this.
So you got to take whatever this Gabra 5 agonist's memory loss is. So take some Xanax for some memory loss. You need to take some Benadryl, some M1 antagonist plus H1 agonist. So you get some a little bit of dementia. This will help you become a better meme coin trader. And you need to take some suffrage as well to impel learning. Because basically if you lower your IQ, you're going to make more money on meme coins. That's the whole piece. Okay, okay, okay. Okay, okay. Good point. And so I was going to talk about Warren as well.
My entry, I failed my entry because I don't think the meme coins are going to go any lower, to be honest. But I was hoping to catch some at 3. 5 million. But I guess I bought a whole lot. I bought a whole lot of 10 million dollars, 9 million dollar market cap. And at this price, I bought it at this price. The reason why I bought it at this price, to me, this is the token that represents being part of the opposition. This is part of the, because she is for me the figurehead that represents the resistance to crypto. And the Horan token represents for me, me being part of the resistance.
I don't know, maybe it's bullshit, but that's what I bought. Yeah, I agree. I agree. It's a culture coin and yeah, I'm going to buy it higher. I'm not going to get my entry. I bought silly goose. I think this is a great meme coin. It was a tip by Fred, actually. So if this fails, it's not my fault. It's Fred's fault. No, but I don't say the Fred. Don't say the Fred. You know, I faded. I faded Fred with with penguins and he was dead right. Fred has an eye for meme coins. Fred has an eye. Fred caught with Fred caught penguins. Fred has an eye for memes. Don't fade the Fred.
He's been on with. That's the main reason why I bought. Then I started studying it. You guys got to check the memes, check their page. The memes are very, very good. And so, yeah, I'm super bullish. This goose, the silly goose, and I started accumulating and I unloaded another 10k on my solenoid wallet. And I just started buying some of the silly goose and I'm super bullish. Gustavo, just don't wreck yourself, bro. Just don't wreck yourself. Just don't wreck yourself. Please. I need you. I need you. This is the meme. This is the meme coin super cycle. We're going to make all the money. I hope that this is very funny.
This is so funny. This is why I love crypto. So this guy, Ledger, he says, I don't enjoy meme culture. And he starts trash talking meme culture. And then Anatoly from Solana comes in and he's like, oh, the typical bought in voter and starts, you know, making fun of him. And he's basically mogging Ledger. And here's what Crypto Twitter did in response, because this guy was basically saying that meme coins are nihilism and he doesn't like them. And so Ansem posted this, cash tag Ledger. So some guy said, please, somebody launch a Solana shitter named go to bad old man with a ticker Ledger.
And so someone made this meme coin making fun of him because he's trash talking meme coins and he doesn't get that we're just having fun and trading and gambling as well. And so, yeah, I bought some of this as well. I bought for the culture, bought some some ledger over here, which is I think it's very funny. All right. And are you still holding all of the cats? Are you still holding him? You're still holding Taylor Swift cats. Yes, of course. I bought some more of Benji. In fact, let me share the chart. I started accumulating even more. And I actually I want to buy even more of Taylor Swift's cat.
I'm super bullish on all the cats. Himal is I think it's breaking almost 70 mil market cap and it's on its way to a billion market cap, in my opinion. So and it's my biggest meme coin bag. It's himal. I'm super, super bullish. I'll show you. Now I'm rotate. Go ahead. Yeah, show me. Now I bought I bought based Brett, which I bought based Brett yesterday. Yes. I mean, it's up 84 percent. I'm going to I mean, this is for me one of the best memes. I just because because it's based and it's you know, it's based. But for me, this is an amazing meme. We spoke about it yesterday. Metfury.
Anything Metfury creates usually is a good buy in crypto because he designed Pepe. He's very famous in online culture. So yeah, I think Brett is a safe bet when it comes to memes for sure. So listen, the guys love you here. They want to see more of Gustavo. Gustavo is going to be doing his own meme show on banter or banter plus. Again, remember, subscribe. Brother, much love. We'll see you tomorrow. We'll see you later. Keep trading the memes tomorrow. We'll catch up with you again. We need to have this while memes are running.
We need a daily update, the daily update of what's happening in the meme world because we we can't be as in the meme world as you are in the meme world. So that's what it is. All right. Thank you very much. Much love. See you guys. Much love. Much love. So Gustavo is going to be doing his own show. Meme show airdrop show is a very talented researcher. One of the researchers at banter. So again, subscribe to banter, subscribe to banter plus. Let's carry on. So the one thing that that is amazing about meme coins is that what it's done is it's it's actually put Solana very, very, very much on the map.
And I want to show you what what the effects of meme coins have actually been on Solana because you know, you forget that sometimes that it's actually the memes or the transactions that drive the chain. And if if if the transactions are driving the chain, whether you like the narrative or don't like the narrative, I don't really care. But it is driving the transactions in the chain, which is ultimately driving the layer ones. And you can see the difference in transaction counts. It's all coming from me. So you can see that all the transactions on Solana are actually coming from me. And that's why they're beating Ethereum and beating BSC.
Why? Because all the meme coin trading is happening on Solana. Why? Because you don't have to pay the gas fees every time you want to trade in and out. So today, when I did my when I bought Elizabeth Horan, Elizabeth Warren Horn, when I when I bought that, it was so funny because I needed to send money to Solana from ETH. That cost me one hundred and fifty dollars. Just to put my foot in the game cost me one hundred and fifty dollars. And then I could start trading at less than one cent per transaction, which is actually what I bought.
And so that's why if you believe memes are going to last, then you know, you want to be buying tokens like Solana or maybe even Dex Tools, because again, Dex Tools, Dex Screen, all of those. If you believe that those tokens are going to fly, then you're going to be doing it. So Solana went from doing sub one hundred million dollar trading volume per day to two billion in only a year. And again, the fees aren't going up. So this is very, very, very good for Solana. And if you compare Solana in the previous cycle, it was doing one hundred million dollars and now it's gone to two billion dollars. So yeah, that's that's that's the story.
But again, I've got to say to you, as much as I love memes, as much as I'm having fun and as much as everybody else is having fun, you have to remember one thing. Memes are not an investment. They are a trade. They're filthy. You can trade in and out, but it's not an investment. And when I say investment, for me, an investment is saying that you can hold from one cycle to the next cycle. And that is not for me memes. Maybe one of these memes will last till the next cycle, but ultimately taking very, very, very short term bet.
When you take a bet on the chain, then you're taking a bet on on some an investment. But the trade, the trading on memes is actually just a trade. And you've got to make sure that you in your head, you can separate the trades from the investments. And for me, the best way to identify the difference between a trade and investment is to ask myself, is it going to be a next cycle? Yes or no? If it's going to be here next cycle, then for me, that's an investment. If not, it's a trade. A lot of the gains, a lot of the launch pads that we invest in, we trading them in and out.
We don't know if a launch pad is going to be our next cycle. And we don't know if it is. We don't know if it's going to be the right launch pad. But we know Solana is the right one. That we know Solana is the right one. We know that that that that happened. Now I want to show you something, because while I was prepping for the show, what I did was I quickly went and looked at my top 10 holdings in my portfolio. And what I realized about the top 10 holdings in my portfolio was I realized that all of the top 10 holdings in my portfolio were bought two or three cycles ago.
And none of the top 10 holdings in my portfolio were actually bought in this cycle. So here are the top 10 holdings. I've got Bitcoin, Solana, Injective, Ethereum, Arweave, Rune, Kujira, Render, Superfarm and Astroport. That is the top 10 holdings in my portfolio. And that is ordered in size. So my biggest holding right now is Bitcoin. It wasn't, but obviously the Bitcoin price went up. The thing that I bought, I bought it in 2015. My average purchase price was about a thousand dollars. I've had a 69 percent return, more or less, on my Bitcoin portfolio. More or less. I'm giving you like these are not accurate.
And then I said, look, if you just put so we'll talk about this in a second. Then Solana, I bought my my early buyers, not my late buyers, my early buyers, six dollars. Today it's one hundred forty five dollars. And so you can see that the biggest returns that I've had Injective, I bought Injective pre idea. At 20 cents. And it's now even less, to be honest. And it's now valued at 40 dollars as a 200 extra turns. My theorem is giving me a hundred and ninety five extra. My always give me a 700 extra turns or 650 extra turns.
But I think the important thing that I want to show you is not not my returns. The important thing that I want to show you is that all of the top 10 tokens in my portfolio are all part of previous cycle tokens. I've held my Bitcoin for four cycles. I've had my held my Solana for two cycles. I've held my theorem for three cycles. And so I've had my are we for three cycles, my rune for two cycles. The real returns happen when you can hold your tokens across multiple cycles. And we're going to spend a lot more time talking about that, because a lot of you guys are investing until the end of the cycle.
But the real returns that you're going to get are actually going to be by holding tokens into the next cycle. And we're going to spend some time talking about that this week. But it's an important concept that you understand that the majority of the tokens that you make, the majority of the money that you make will actually be holding through cycles. So this is your first cycle. If this is your first cycle, you can't expect to make life changing money. Someone who's been here for one cycle and had conviction to hold on to tokens, then you can you can you could probably land up making money in a cycle, but you won't make money in one cycle.
You won't make life changing money in one cycle unless maybe you hit a meme coin. All right. I did want to maybe close the trade, but I think we'll close the trade tomorrow. We'll close the trade tomorrow. We'll close the trade tomorrow. I've got I've got a big trade that I want to close, but that we will actually do tomorrow. Just a few other things that we should probably talk about. Remember, there are three days until the den could upgrade three days left till the den could upgrade, which means the ETH layer 2 could actually run. Also I've been looking at Max protocol, also a good protocol if you're looking for derivatives exchanges.
I've been looking at at Rune and it's no surprise that Rune's actually pumping one of the only ones that continues to pump today above eight dollars fifty at the moment, because if you look at the Rune numbers, they are absolutely, absolutely insane. So a weekly volume in twenty twenty one sixty one point eight million weekly volume in twenty twenty four one point eight billion dollars user base forty four thousand people. You can see that this is a real, real, real protocol and you can see that the price of Rune in twenty twenty one was twenty dollars and eighty seven cents. The price of Rune today is eight dollars thirty five. Crazy, crazy, crazy, crazy, crazy.
So probably a long way to go up on Rune. Still buying, still holding Rune, still buying, still holding Rune. I think that is it for today, guys. I think that's it for today. Unscheduled Sunday stream. By the way, Dylan is going to be live now. If you if you feel like trading like like a dirty DJ, go to the main channel, go to the main channel. And I think Dylan is going to be doing a show now. He says he's calling the show Sleeping Giants. That's starting that's starting now, starting at seven thirty. See, I finished just in time.
So if you feel like DJing like a mofo with Dylan, Dylan is one of the best traders. Go and check it out. Otherwise, I will see you guys again tomorrow. We've got a lot to talk about tomorrow. Until then, trade well, my friends. .
S K R Y B O T
Skrybot. 2023, Video transcriptions from YouTube
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