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It supports the podcast and it doesn't cost you anything. Well, folks,
let's take a look at the crypto market and what's happening with the prices.
Bitcoin continues to pull back. It had a pretty good pump, a
green candle forming on the daily chart, but now we red candle is forming
here. But as we've been talking about, we are due for a pullback,
a correction. Bitcoin was overbought, overextended, so we're having a cool
down period. So we got to let it settle, find its support and
then bounce and keep going upwards. So no need to panic, no need
to worry. And one of the key indicators we've been looking at is a
DXY which continues to look strong green candles on the daily chart. So if
that's going up, risk set's like Bitcoin will continue to go down. So
this is true for the all coins as well. The all coins are seeing
some pullback. And here's what wrecked capital, who does some great analysis,
who puts out a great chart here showing that bitcoin historically has had pre having
retraces. Right, we have the corrections before we keep heading upwards. Now
Bitcoin is ahead of schedule. But here's what he posted with his respective charts.
In two days and this was posted today, Bitcoin will officially enter the
danger zone, which is the orange area in the chart here where historical pre
having retraces have begun. Historically, Bitcoin has performed pre having retraces fourteen to
twenty eight days before the having. In twenty twenty, this retrace was minus
twenty percent deep. In twenty sixteen, this retrace was minus forty percent deep.
Currently, Bitcoin is thirty days away from the having and has pulled back
eleven percent this week, So folks, we could expect something between twenty to
forty percent. My hope is it stops a twenty or twenty five, Right,
we don't keep going lower, But that's okay. From a macro standpoint,
we know we're headed to higher highs and possibly a blow off top this
year, if not next year, So we got to be patient and let
the market cycles play out here Bitcoin has to do its thing, and we
know the liquidity flows from Bitcoin down to the all coins. So if you
look at the total market cap excluding Bitcoin in Etheroreum, red candles forming right
normal here. Obviously, though Solana has been ignoring a lot of this,
although on the daily chart it is forming a red candle. It has been
ignoring a lot of the market cycles, both from a micro macro standpoint,
And we saw this with chain Link in the last bull market and many if
you know, I had swung trade chain Link in twenty twenty and made some
nice profits. So Solana continues to go crazy but cooling down. It looks
like here, and we'll see what this week brings us. But guys,
we're still on track. And even here, Wrecked Capital highlighted the following all
coin chart saying the all coin market cap retests is still in progress and successful.
Thus bar once again pump pull down bill support levels, then pump higher.
So that's what I'm anticipating, That's what I'm looking for. Nevertheless,
guys, you know the Bitcoin etf issuers are going to buy up as much
Bitcoin in this dip as possible. Here, Nate Garachi of the ETF Store,
President of the ETF Store said, two spot bitcoin ETFs now in the
top six of all ETF inflows this year, ibit which is black Rocket third,
and FBTC Hospitality at six. That's out of thirty four hundred plus et
aps. Other four ETFs include two SMP five hundred ETPs, the v OO
and IVV, schwab Us Dividend Equity ETF that's sc HD, and Vanguard Total
Stock Market ETF vt I. So incredible performance from the bigcoin et aps and
this is just two in the top ten. Here you have eight others right
that are still dominating and the accumulating billions. It's incredible what's happening. So,
like I said, guys, they're going to buy the dip. So
I'm gonna see if I'm going to buy the dip here. I haven't been
buying because I took my positions in late twenty twenty two and in early twenty
twenty three when we were in the bottom zone, the max pain zone.
So I've actually been taking profits, like I took profits on fetch dot Ai,
which was one of the big bets I took with for ai coins,
and that paid off really well. And I'm of course, waiting for new
all time highs for other all coins and for Bitcoin across six well, for
Bitcoin to hit ninety k, that's when I'm going to start taking profits.
And then after one hundred and one hundred and ten and so on and so
forth, hopefully we make it to that. So exciting times still ahead.
Now let's take a look at what the top trending tokens are on social media.
This was updated five minutes ago from Saniment, which is a great partner
of the podcast. Of course, come with no surprise. Solana is leading
here with a good positive sentiment, and coming at number two is Salidus Ai
Tech and the ticker symbol is ai Tech. I have not heard of this
token. The sentiment is heavily neutral though, fifty seven point three three percent,
so maybe it's some new token that's launched. I'll have to investigate this
and research this Napoli fan token or any p. I've not heard of this,
but this is at number three Salama, so not to be confused with
Solana. This is a meme token. You just swap out the N with
an M, so it's a it's a lama essentially. In the logo,
these meme coins. What do you guys come up with this stuff? Man?
It has neutral sentiment at sixty six percent. That's the leading sentiment indicator
there boem Book of Meme comes in at number five, still strong with positive
sentiment. Then you have Radium. I've actually not heard of this. It
has a negative sentiment leading with forty two point seven two percent. Then you
have Ample fourth never heard of that, that comes in at number seven.
Then you have Render. I'm a big render holder and fan render and fetch
dot ai were my two big AI bets and they paid off really well.
That has good positive sentiment. Etherorem comes in at nine with a high positive
sentiment, and blocknet comes in at ten but still has strong negative sentiment at
forty seven point three two percent. So those are the top trending coins guys
on social media. Top ten. That is that are getting the most mentioned
now quickly from our sponsor, and that is v chain, and I'm super
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It is an enterprise greade blockchain, and like I said, I put my
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those things. So if you'd like to learn more about vchain, visit vchain
dot org. Link will be in a description. Now, guys, we've
got some not so good news coming out about Starbucks and NFTs. And let
me preface the news by saying many NFT projects from big brands did ramp down
because there's not regulatory clarity. Remember the SEC went and sued Stoner Cats and
other projects. It's ridiculous, right, So many of these big brands are
not going to go full force until there's clarity. Starting to see some sun
setting up projects because there's a lack of clarity from the SEC. So here's
the headline from block Works Web three Watch. Starbucks shutters its Odyssey NFT program.
So major coffee retailer Starbucks sat Friday afternoon it will be ending its NFT
enabled customer loyalty program dubbed Odyssey. The program will close on the last day
of March. The Starbucks Odyssey Beta must come to an end to prepare for
what comes next as we continue to evolve the program. Starbucks setting an update
to its program's FAQ page. The NFT customers could earn through Odyssey, called
stamps, will be transferred to the NFT platform nifty Gateway, where they can
continue to be bought and sold Starbucks at it so not sunsetting it entirely,
but they're making some changes. But still it is very risky out there for
any brand to do these things because scumbag regulator Gary Ginster may come after you
and say, oh, that's a security and then sue a hell out of
you, right, and if you know, you get sued, as you
know, if you're Starbucks, you know Gary's going to try to get the
biggest fine possible and get the headline and then go on CNBC and say,
see I told you guys, these things are securities, right, So we
know he's going to do that. So this is why we need crypto regulations.
We need to kick Gary Ginster out, we need to kick out Elizabeth
Warren, vote for John Deaton, and we got to keep fighting. We
got to call our representatives and do much more because this is ridiculous. It's
the latest in a growing trend of non crypto companies sunsetting NFT programs. They
started a couple of years ago. Video game venue GameStop shut down with its
NFT marketplace in January, citing regulatory concerns. Also that month, social media
platform x discontinued support for NFT profile pictures. Ex competitor Meta wound down its
own NFT program earlier in twenty twenty three. So, guys, you know,
my thing with NFTs is that it has to have utility, and I
do believe these big brands were trying to do that, but it's crawl walk
run. They have to go through all the phases and test it and make
sure it works, and the consumer has to be educated and the user experience.
But a consumer has to be frictionless. It has to be easy.
It can't be complicated. But what doesn't help is you have this black cloud
coming from the SEC that they may sue a hell out of you. Right,
So this is the problem, but it's not over. It sucks that
this is happening, but it's not over. As we get clarity, you
know, these brands are going to open up more and release NFTs, and
I believe those NFTs will be much more than collectibles. They will be they
will have utility, and I'm super excited for dynamic NFTs where they're programmed and
they change and they can do things based on external changes in the world.
So all of those things are coming, they're being worked on, but we
got to get the clarity. Now. We got some funding news guys that
I want to tell you guys about here. Block Works aggregated the funding news,
saying gaming continues to draw investor intrigue. So, guys, I think
game fi and web through gaming is going to be big. I think it's
gonna be another narrative similar to AI where the gaming coins could do well.
I'll let you guys know which gaming coins I do take a position on.
To be quite frank, I have not taken any positions. I've only betted
on AI but I don't want to miss the next trend, right And you
know this, even if this cycle it's not the most prominent narrative, I
think in the future cycles it will because gaming is not going to go away.
Gaming exists in society in the world, and people play games, and
if they can be rewarded with tokens, that's a strong incentive that will continue
to drive user adoption because they can earn a living, they can make extra
money whatever it may be, and obviously they can use the tokens within the
games. Right. But recently, and I published this interview yesterday on Saturday,
my interview with David Johansen's CEO of block Lords, which is a video
game, and they have an in game token with an inning game economy,
and there's gonna be a token drop and the token is lrds, and we
talk about the future of game fi in the industry and so forth. So
this is something to pay attention to. Like I was telling people about AI
tokens in December twenty twenty two, that video didn't get millions of views,
but those who listen and took a position, they're probably doing really well right
now. So you got to pay attention to these trends. Obviously, only
invest what you're willing to lose. There's no guarantees here, and don't spread
yourself too thin. Don't invest in fifty tokens right, definitely, if you
can, maybe you get into one AI token or one game Fi token,
you diversify that way because we see there's strong narratives around them. So once
again, be sure to check out that interview with David and you guys.
It was literally published yesterday, so let me give it to details here.
Web three gaming startups not named Axieinfinity don't tend to pull show stopping funding rounds,
but there is a fairly constant trickle of investment into various games and developer
studios. That trend continued as a host of companies integrating gaming with Web three
announced funding rounds. Gaming studio Carbonated announced eleven million dollars in funding this week
alongside the early access play tests of its NFT enabled mobile shooter game Mad World.
The round was led by South Korean gaming firm Come to Us. So
you see, the gaming industry is investing in these Web three gaming startups,
and David and I spoke about that as well. They are paying attention.
So the makers of Call of Duty and whatever game they are looking to integrate
the tokens because that's the future we're heading to. I've been telling you guys
for years. We're headed to the token economy. Everything running on the blockchain
and tokens being part of different ecosystems and they have interoperability. And the important
thing to take a look at in addition to the gaming tokens is what blockchains
their built on and hold the tokens of those said blockchains, right, So
that world is set in a post apocalypse world where gamers battle to control plots
of land tokenized as NFTs. A sixteen Z participated in the round and also
invested and carbonated in twenty twenty so you see the big head hetge funds of
putting capital here. The developers of the massively multiplayer online game Meta Kane or
Medicine announced a ten million dollars series A round with participation from this Spartan group
and Amocha Ventures and others. This follows on five million dollars in seed funding
Medicine raised in July twenty twenty three. The Singapore based gaming company boasts many
of the typical Web three gaming integrations alongside social guild doo governance. The game
is still in alpha testing for whitelisted participants, so as you can see,
we're still early. They're raising funds right, they're going through multiple seed funds,
and they're still in beta, alpha testing and so forth, so it's
still early to get in here. On the infrastructure side, Blockus raised a
four million dollar pre seed for a service helping game developers at blockchain enable features.
Blockus participated in a sixteen Z's Crypto Startup Accelerator, though the VC did
not apparently participate in the round. Now Eclipse hauls in fifty million dollars per
modularity. The potential of modular blockchains is a buzzy topic among developers, and
one firm cashed in on the concept this week. The modular layer two blockchain
Eclipse raised a fifty million dollars series A. BlockWorks reported place Whole Ventures and
hack VC led the round. Other notable raises include ZK proof focused infrastructure firm
Polyhydra raised twenty million dollars at a one billion dollar valuation. Steve Cohen's er
Point seventy two Ventures led a ten million dollar round in d two x,
which is launching an EU based derivatives exchange data computing for blockchain. Startup Click
announced an eight million dollars Series A and web three social platform ux Link raised
nine million dollars. Folks, if you are an entrepreneur, you have an
idea, how's the time go get that capital? Right and even you could
come work in the crypto industry. We are heading back into the bullmarket.
We're much more mature now obviously, and there's more capital coming in and uh,
you know, we're at the cusp of crypto regulations in the United States.
So guys, I hope you see the information I'm providing here and how
you can use that to your advantage. So check out those game tokens.
I'll let you know which ones I take a position in. You know,
obviously not financial advice. I'm telling you to you to go do your own
research and you're reading up as well. That's important. And then pay attention
to the moves being made by big money. And uh, you know,
I'm here to make money, folks, and make no mistake about it.
I believe in the technology, I'm passionate about it, but number one is
to make money because I'm trying to give myself and my family financial freedom,
and we do have to exercise patients. We do have to look at the
charts. We have to look at the cycles. This is why I created
this podcast to bring that education aspect. I'm not only looking at the charts.
I'm looking at the investments and the news, and the fundamentals and the
regulations. Trying to give you a holistic view, right because all of these
things matter. But exciting times are ahead. We are still in a ble
market. Don't worry about the pullback. This is more. This message is
more for the new people in the market. You know, it may be
their first rodeo and they're a bit scared. Those are my ogs who've been
listening to me. Some of you have been listening to me since twenty eighteen,
even late twenty seventeen when I started the podcast, and I appreciate your
support and those of you who have been around with me. I hope you've
been making money over the years, that you make a lot of money this
cycle. And I've been always upfront about why I created this podcast. I'm
not here for conspiracy theories. I'm not here for fairy tales. I'm not
here for nice stories. I'm here to make money and I hope you all
of you make a nice return this bullmarket. Folks. Let me know what
you guys think about this news. Leave your thoughts and comments below. Hit
the thumbs up button, hit the five star rating. On the podcast platforms,
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simply that. So thank you so much, guys. I appreciate you all,
and I'll talk to you all later. Don't talk too, don't