Latest / The Paul Barron Crypto Show / NVDA All Time High vs Crypto🚀Technical Analysis with Evan Aldo

Transcript

NVDA All Time High vs Crypto🚀Technical Analysis with Evan Aldo · The Paul Barron Crypto Show

0:00
Speaker 1: Is the AI trade still in play and has it
0:02
Speaker 1: put a little bit of a damper on crypto? Today,
0:05
Speaker 1: we'll break it down for you. Before we do that,
0:07
Speaker 1: I want to thank our sponsor. That's iTrust Capital, where
0:09
Speaker 1: you guys can get into your own crypto IRA, cryptocurrency, stocks,
0:13
Speaker 1: gold and silver, all available over on iTrust Capital. One account,
0:17
Speaker 1: unlimited possibilities. This is one of the platforms they've been
0:20
Speaker 1: around for quite a while. You guys can go over
0:22
Speaker 1: and use them. If you have a current IRA, you
0:25
Speaker 1: can transfer that If you want to start a brand
0:28
Speaker 1: new IRA, you can also do that as well. So
0:31
Speaker 1: just use our link down below. It's going to give
0:33
Speaker 1: you a $ 100 funding.
0:34
Speaker 2: Reward to get started.
0:35
Speaker 1: And you're going to have to start tax planning soon.
0:37
Speaker 1: And IRAs are one of the diversification things that you
0:40
Speaker 1: should be doing to set yourself up for success. We're
0:43
Speaker 1: going to do some trading. We're also going to take
0:44
Speaker 1: a look at some altcoins. So stick around for all
0:47
Speaker 1: of that. I want to bring in Evan Aldo, who
0:49
Speaker 1: is with us about every other week or so. He's
0:52
Speaker 1: out there abroad doing his thing.
0:54
Speaker 2: So how are you, Evan?
0:56
Speaker 3: Doing fantastic, man. Fun market to watch, fun market, I'll
1:00
Speaker 3: tell you.
1:01
Speaker 2: For sure.
1:01
Speaker 1: Listen, if you're a trader, there is no short of
1:05
Speaker 1: excitement right now. So a lot of things happening in
1:08
Speaker 1: the market. One of the things I want to lean
1:10
Speaker 1: into right now, of course, is the Fed rate hike
1:13
Speaker 1: odds absolutely cratered. Now it's going down to just 16%.
1:17
Speaker 1: If you look at the poly market, this thing is
1:19
Speaker 1: way down from where it was. These are the kind
1:22
Speaker 1: of poly markets... Evan, that I just think are so
1:25
Speaker 1: silly when they just literally do this back and forth.
1:29
Speaker 1: So it tells you a lot of what the market
1:32
Speaker 1: really understands versus what the market is being dictated to
1:36
Speaker 1: by the Fed, macro environments, et cetera. So I don't
1:40
Speaker 1: think anybody's calling this one for sure. I want to
1:43
Speaker 1: lead off with a couple of things, Evan. We're going
1:45
Speaker 1: to do, we'll take a look at Bitcoin. I want
1:48
Speaker 1: to take a look at oil in general. President Trump
1:52
Speaker 1: says that Europe has agreed to immediately release a massive amount,
1:56
Speaker 1: I don't know what that means, of diesel reserves. And
1:59
Speaker 1: when you look at this, oil, of course, just went
2:02
Speaker 1: down to, I don't think I would use the word
2:04
Speaker 1: crashed here, but it went down 2% in 20 minutes.
2:07
Speaker 1: Maybe that's what they mean, crashing in 20 minutes. This,
2:10
Speaker 1: of course, gets into the whole issue around oil. Are
2:13
Speaker 1: you playing any energy stocks right now?
2:17
Speaker 3: So, yeah, I mean, I hold XLE, which is the
2:19
Speaker 3: energy ETF seasonality where it's evaluation. It makes sense kind
2:24
Speaker 3: of to still have a position in it. I also
2:26
Speaker 3: hold some USO right now. But again, I mean, we're
2:30
Speaker 3: doing things we don't normally do in midterm election years.
2:33
Speaker 3: You know what I mean? We're doing things we don't
2:35
Speaker 3: normally do. We're kind of we're pulling off a super
2:37
Speaker 3: cycle here. That's kind of what this is, I would say. So,
2:41
Speaker 3: I mean, they haven't hit my invalidation points yet, but
2:44
Speaker 3: they're close to it. So. I may happily sell my
2:47
Speaker 3: positions in those and convert over to Bitcoin and crypto.
2:50
Speaker 3: I'm probably going to hold on to oil for another month.
2:53
Speaker 3: We'll see what happens maybe till the end of the year.
2:55
Speaker 3: It depends where the momentum is. So, yeah.
2:59
Speaker 2: Let me ask you this.
3:00
Speaker 1: Would you sell your NVIDIA stock? If you were holding NVIDIA,
3:04
Speaker 1: I don't know that you are.
3:06
Speaker 2: I hold it.
3:07
Speaker 1: You've got NVIDIA sitting right here, just printed a new
3:09
Speaker 1: all-time high trading at 237.
3:11
Speaker 2: Right now, it's probably above that.
3:14
Speaker 1: Would you take a look at exiting NVIDIA and moving
3:17
Speaker 1: into crypto right now, maybe the top three Solana, Ethereum, Bitcoin?
3:21
Speaker 2: How would you play that?
3:22
Speaker 3: Yeah, I definitely would. And the reason is I'm not
3:26
Speaker 3: like bearish on NVIDIA or anything. I think NVIDIA is
3:28
Speaker 3: kind of like the new Apple stock. I think it'll
3:30
Speaker 3: still do well. But it's been, you know, Bitcoin's bled
3:33
Speaker 3: since 2021, I believe, since March of 2021, it bled 94%.
3:39
Speaker 3: against Nvidia, as you can see on my chart right here.
3:40
Speaker 3: And I've been talking about this for many months, hitting
3:43
Speaker 3: kind of that same area over there. So it's not
3:45
Speaker 3: that I don't like Nvidia, but I think Bitcoin easily,
3:48
Speaker 3: in all likelihood, should outperform Nvidia for the next two,
3:51
Speaker 3: three years, and a lot of your top cryptos as well. So,
3:54
Speaker 3: you know, I mean, you'll still probably make money with Nvidia,
3:57
Speaker 3: but it's kind of like, you know, kind of like
3:58
Speaker 3: buying the NASDAQ at this point, in my opinion. I
4:01
Speaker 3: think Bitcoin's a much better value.
4:03
Speaker 1: If you believe that the AI trade is still in play,
4:06
Speaker 1: and some people look at the S & P 500.
4:09
Speaker 2: It's near a near record.
4:11
Speaker 1: You've got all of this leaning into basically one sector,
4:15
Speaker 1: and that is AI companies.
4:16
Speaker 2: So if you strip out the AI companies, basically the.
4:19
Speaker 1: S & P 500 has been down 5% since August.
4:23
Speaker 1: I've got a new year in target for Bitcoin. And
4:26
Speaker 1: before I give it to you guys, we'll talk about
4:28
Speaker 1: it because we're going to chart Bitcoin in a second.
4:30
Speaker 1: But if you look at the stock market, getting close
4:33
Speaker 1: to extreme fear, this tells me rotation possibility or consideration.
4:39
Speaker 2: Of even more secure asset.
4:40
Speaker 1: You look at bonds, of course, continuing to fly both
4:43
Speaker 1: the 10, the 20, the 30, all looking at high
4:47
Speaker 1: levels of performance.
4:49
Speaker 2: You also could look at what's.
4:51
Speaker 1: Happening in the Japanese yen as well. So many analysts
4:56
Speaker 1: are tracking that so closely because it has such an
4:59
Speaker 1: impact on how this plays out, at least in the
5:02
Speaker 1: near term, around the traditional markets, not necessarily what we're
5:06
Speaker 1: going to see in crypto.
5:09
Speaker 2: But if you look at Bitcoin right now, Evan, here's Ted.
5:12
Speaker 1: He says he's projected Bitcoin to move toward 92, most
5:16
Speaker 1: expected the 100K to hold. Tell me where you think
5:22
Speaker 1: Bitcoin is heading by year end.
5:25
Speaker 3: So, yeah, at least those areas, I'm kind of in
5:28
Speaker 3: agreement with him. I mean, short term, you know, continuation here,
5:31
Speaker 3: I think there's a high likelihood we at least jump
5:34
Speaker 3: up to 89 to 92, these kind of areas around October.
5:38
Speaker 3: If the Democrats sweep midterms, I would think that may
5:42
Speaker 3: be our healthy correction down. I'm kind of not seeing
5:45
Speaker 3: 100K before midterms. And then from there, maybe a healthy
5:48
Speaker 3: correction right after midterms. And then maybe, just maybe, if
5:52
Speaker 3: all goes well, probably at least another recovery to 92
5:55
Speaker 3: or something into the end of the year. But maybe,
5:57
Speaker 3: just maybe, best case scenario, I don't want to say
6:00
Speaker 3: best case scenario, but 100K by end of year could
6:02
Speaker 3: be my most optimistic, very optimistic prediction.
6:05
Speaker 2: You're most optimistic.
6:06
Speaker 3: Okay.
6:06
Speaker 1: I'm looking at more of this zone right here, right
6:09
Speaker 1: around 108. You'll see the last time we visited, this
6:13
Speaker 1: was back in May of 2005. We were around 108, 109.
6:17
Speaker 1: I think this might be one of those areas because
6:20
Speaker 1: there's a lot of upside here. But to your point,
6:22
Speaker 1: midterms could adjust the market slightly. But remember, that is
6:27
Speaker 1: the beginning of November. That, I think, is a two-week hit.
6:31
Speaker 1: And then I think from there, you could potentially see
6:34
Speaker 1: some good news coming out before we see the holiday
6:37
Speaker 1: season kick in. And then that's when I think you
6:40
Speaker 1: could see a major rally. So I'm watching 108 right
6:42
Speaker 1: now on Bitcoin, which, of course, could you know, tally
6:46
Speaker 1: up to a lot of other things when it comes
6:48
Speaker 1: to altcoins in general. Let me go to altcoins real quickly,
6:52
Speaker 1: because I think that's an interesting angle right now. You
6:55
Speaker 1: have Rand talking about a K-shaped altcoin market is real,
6:59
Speaker 1: and you can kind of see it happening right here.
7:01
Speaker 1: If you compare altcoins to what we've seen over the
7:06
Speaker 1: short period, and there's been some that have been absolutely
7:10
Speaker 1: moving like crazy, and you can kind of see it
7:12
Speaker 1: here also. just to go in here to look at Bitcoin.
7:15
Speaker 1: These are the top 100 coins over the last 90. Ponds,
7:19
Speaker 1: I'll kind of throw that one out since it's a high.
7:20
Speaker 1: Zcash still high. Uniswap still killing.
7:23
Speaker 2: It, one of our calls. Near, another one that we're in.
7:27
Speaker 1: Aave still cooking. You've got Lit on the list. And
7:32
Speaker 1: then you move down in here. And what I want
7:34
Speaker 1: to focus on is this, Evan. Is there anything below
7:38
Speaker 1: Bitcoin here as I scan up that you would be
7:41
Speaker 1: interested in?
7:42
Speaker 2: Right here. Anything at all?
7:44
Speaker 3: Hyperliquid. Hyperliquid. Okay. Definitely hyperliquid. Let's see.
7:50
Speaker 2: You even have XRP down here as well. So XRP is.
7:54
Speaker 3: In this list. XRP definitely. Yeah, XRP.
7:56
Speaker 2: It's at 28.
7:59
Speaker 1: Beyond that, I don't know about ADA arrows in there,
8:02
Speaker 1: which might be interesting to watch.
8:04
Speaker 2: We'll talk about that in a little bit.
8:06
Speaker 1: But this gets into some interesting plays, I think, as
8:09
Speaker 1: we go into altcoins. Is there one altcoin right now
8:14
Speaker 1: that you're really on top of?
8:16
Speaker 2: And you have to throw out.
8:17
Speaker 1: Ethereum because I know Ethereum is going to be there.
8:20
Speaker 1: So if you throw out Ethereum, what would be your
8:22
Speaker 1: next play on alts right now?
8:24
Speaker 3: So, I mean, a lot of the ones you mentioned, man, really,
8:28
Speaker 3: really come to mind. I mean, XRP does look good.
8:30
Speaker 3: I mean, they all look pretty good. It has to
8:32
Speaker 3: be something that looks good that hasn't pumped like crazy
8:35
Speaker 3: so far. So one of them could be Chainlink. That's
8:38
Speaker 3: one I like to talk about, too, if we look
8:40
Speaker 3: at our Chainlink chart. I do think this definitely has
8:44
Speaker 3: more to go in the tank. Definitely has more to
8:46
Speaker 3: go in the tank. Good momentum there. So I think
8:48
Speaker 3: he got a good shot at 24, maybe by end
8:50
Speaker 3: of year if all goes well. Chainlink could definitely be
8:53
Speaker 3: one of them, yeah.
8:55
Speaker 1: All right, let's take a look at the stock market
8:58
Speaker 1: versus altcoins.
9:00
Speaker 2: If you just look at the.
9:00
Speaker 1: Others chart in comparison, how would that play out if
9:04
Speaker 1: I was trying to basically funnel a little bit of
9:08
Speaker 1: my portfolio possibly away from stocks and into digital assets
9:13
Speaker 1: how does this.
9:14
Speaker 3: Look yeah i mean it looks good man it looks
9:17
Speaker 3: good the thing with this is that others technically outperformed
9:21
Speaker 3: the s & p 500 since june of 2023 but
9:23
Speaker 3: we know a lot of people have gotten wrecked in
9:26
Speaker 3: between then and now with all coins so you got
9:29
Speaker 3: to pick the right ones guys you got to be
9:31
Speaker 3: careful with it you need your invalidation points but yeah
9:33
Speaker 3: no this looks good rare bullish signs you got bullish
9:36
Speaker 3: divergences everywhere jumps i mean In all likelihood, this should
9:40
Speaker 3: continue forward for the next couple of years. It's just
9:43
Speaker 3: don't get caught up in the wrong alts. That's the
9:45
Speaker 3: thing here. Don't get caught up in the wrong alts.
9:48
Speaker 1: Yeah, that's where not only the narratives play into, but
9:51
Speaker 1: some of the fundamentals that come in with some of these.
9:53
Speaker 2: Projects as well.
9:55
Speaker 1: I want to go over to this because this is
9:56
Speaker 1: something that Tom Lee, we put out a clip yesterday.
10:00
Speaker 1: kind of breaking down all of this, and it was
10:02
Speaker 1: really a target that I just don't know.
10:05
Speaker 2: I mean, is it possible ever?
10:08
Speaker 1: Yeah, of course, you know, if we're talking about 10
10:10
Speaker 1: years down the road.
10:11
Speaker 2: But he's looking at a $ 50, 000 possibility. Talk to me
10:17
Speaker 2: about that.
10:18
Speaker 1: ETH Any way that this gets close to this in
10:21
Speaker 1: the next five years?
10:24
Speaker 3: 50K, that's what, over 20X from now? No, it's not
10:27
Speaker 3: going to get that high in the next five years.
10:29
Speaker 3: I mean, next 20 years, yes. I mean, in the 2040s, absolutely.
10:34
Speaker 2: You'd have to do inflation adjustment there, though, in a
10:36
Speaker 2: big way.
10:37
Speaker 3: Yeah. I mean, you know, this is like just, you know, nobody. 50K,
10:44
Speaker 3: it gets attention. It gets clicks. I mean, is Tom
10:48
Speaker 3: Lee ever bearish or said anything that's not, you know,
10:52
Speaker 3: outrageously high?
10:54
Speaker 2: You're on the same page with me.
10:55
Speaker 1: Now let's go back to reality here and let's look
10:58
Speaker 1: at 5K because that's really the first.
11:00
Speaker 2: Zone potentially that could come into play. Is this a
11:04
Speaker 2: 2027 scenario?
11:06
Speaker 1: Early target or a late 2027 target?
11:11
Speaker 3: In all likelihood, based on history, unless things get really crazy,
11:13
Speaker 3: I think it's more of a second half of 2027.
11:16
Speaker 3: I mean, right now, if we look at Etho, looking
11:19
Speaker 3: pretty good, you might be able to hit 3K relatively
11:22
Speaker 3: soon if all goes well. some momentum shifts and all that.
11:25
Speaker 3: I think before midterms, you might be able to jump
11:28
Speaker 3: to that 3k area, maybe even within the next two weeks,
11:31
Speaker 3: that 3k, I would think some type of healthy correction
11:34
Speaker 3: from there, maybe back down to these areas. So if
11:36
Speaker 3: we wanted to map out, you know, 5k and take
11:39
Speaker 3: this with a grain of salt, obviously very hard to say,
11:41
Speaker 3: but you know, if you see some extension, maybe by April,
11:45
Speaker 3: you know, these areas, you know, if you're seeing like
11:47
Speaker 3: a trajectory like this, which is pretty, you know, on
11:50
Speaker 3: point with previous bull runs, um, Yeah, maybe June, you know, June,
11:55
Speaker 3: somewhere around there. So it could be, I would say
11:57
Speaker 3: at earliest May, June at the absolute earliest, most optimistic
12:00
Speaker 3: scenario would be 5K by those times. So, yeah.
12:04
Speaker 1: Okay, so I want to show something to you, and
12:06
Speaker 1: this is in reference to the crypto side of the
12:09
Speaker 1: AI play. We had the Near Protocol team on just yesterday,
12:14
Speaker 1: got to ask them a lot of interesting questions, including
12:17
Speaker 1: about the most recent hack, even though it was a small.
12:18
Speaker 2: Hack, but it was still a hack.
12:20
Speaker 1: But you have NEAR right now up 183%. And this
12:24
Speaker 1: is just a wrong call sign, guys. That's not Valvoline.
12:27
Speaker 1: That should be Venice coming in. And then you have
12:30
Speaker 1: WorldCoin and TAO. Some of these would be potentials. I'm
12:34
Speaker 1: not necessarily on all of these. I'm kind of on Venice, which,
12:39
Speaker 1: by the way, we make these kind of calls in
12:40
Speaker 1: some of our newsletters. So if you guys are not
12:42
Speaker 1: part of that, jump in to our newsletter. It's very easy.
12:46
Speaker 1: Just become a MarketEdge member.
12:48
Speaker 2: Back to this.
12:49
Speaker 3: NEAR.
12:50
Speaker 1: Is it still playable right now as an investment if
12:54
Speaker 1: you're pro-AI in crypto?
12:58
Speaker 3: Yeah, Nir, there's no major momentum shift to the downside, man.
13:01
Speaker 3: So there's nothing like that's concerning. Most likely, you still
13:05
Speaker 3: keep going. I mean, I could see $ 7 potentially by
13:09
Speaker 3: the end of this month or something. I mean, I
13:11
Speaker 3: would guess this would be a major speed bump once
13:13
Speaker 3: you hit this $ 7. 20 area right here. And you would
13:16
Speaker 3: see some type of correction between November 1st to the
13:20
Speaker 3: end of the year, maybe back down to five, something
13:22
Speaker 3: like that. I do think near has really, you know,
13:25
Speaker 3: proved a lot of people wrong. I mean, you know,
13:28
Speaker 3: you had your low in 2023, then you made a
13:30
Speaker 3: lower low. This is one of the ones that's really
13:31
Speaker 3: come back from the depths of, you know, kind of
13:35
Speaker 3: almost dying here. But it's really pulled that off. So.
13:38
Speaker 3: I think NEAR makes sense. You've got to be careful.
13:39
Speaker 3: You've got to have your risk management, though. But I
13:41
Speaker 3: think in all likelihood, you should be able to kind
13:44
Speaker 3: of continue forward here. I don't see any reason. I mean,
13:46
Speaker 3: you're hitting a little speed bump here, but no major
13:50
Speaker 3: signs that you should fall off a cliff just yet.
13:52
Speaker 3: It still looks like your continuation is favorable. So, yeah.
13:58
Speaker 1: With NEAR and also with the fact that you're seeing
14:02
Speaker 1: AI still being a very strong play, are you anticipating
14:06
Speaker 1: maybe an AI token that comes out of the woodwork,
14:11
Speaker 1: especially on this Alcorn run?
14:14
Speaker 3: Yeah, I mean, yeah, there's definitely going to be. You're
14:17
Speaker 3: talking about a brand. There's been a few. I mean,
14:19
Speaker 3: there's obviously Fetch.AI was on the list that you mentioned before,
14:23
Speaker 3: even Render. I haven't looked into those recently, but there
14:26
Speaker 3: absolutely could be some runners as well. You know, there
14:30
Speaker 3: was Tau as well. I think I kind of like
14:32
Speaker 3: Near a little bit better than, you know, a lot
14:35
Speaker 3: of the other ones. But, you know, yeah.
14:39
Speaker 2: I noticed your tweet.
14:40
Speaker 1: Let me see if I can pull it up real quick.
14:43
Speaker 1: You think Zcash is finally done for a while. So
14:47
Speaker 1: what's your thesis on this?
14:52
Speaker 3: So I'm somebody who pays attention to, one, I pay
14:56
Speaker 3: attention to funding rates a lot. So everybody was trying
14:58
Speaker 3: to short this all the way up here. Now a
15:00
Speaker 3: lot of people have finally given up on trying to
15:02
Speaker 3: short this. And you're losing $ 1, 500. And I think we
15:06
Speaker 3: all know this is like very overbought. So I'm not
15:10
Speaker 3: going to say this is crashing to oblivion, but I
15:12
Speaker 3: think there's better altcoins to buy. We'll say that. Or
15:15
Speaker 3: I'd rather buy Bitcoin than buy Zcash right now. You know,
15:20
Speaker 3: I mean, I think these are very likely all these coins,
15:23
Speaker 3: you know, 40, 30 to 40 percent correction. I mean,
15:26
Speaker 3: this could easily go down around a thousand. I think
15:28
Speaker 3: that would be a better value. So that's what I'm thinking. So, yeah.
15:32
Speaker 3: All right.
15:33
Speaker 1: So just pause for a moment on Zcash.
15:36
Speaker 2: Start to look at some rotation there.
15:38
Speaker 1: One of the rotation spots that you could look at
15:40
Speaker 1: is something like Avalanche. This, of course, is back in play.
15:43
Speaker 1: We've seen some pretty good moves. And we've had the
15:46
Speaker 1: Avalanche team on here recently, at least from the DAT
15:49
Speaker 1: side of things. And I think there are some interesting
15:51
Speaker 1: things happening. Even if you look at Pharoah, which has
15:54
Speaker 1: been recently taken off, but Pharoah hits an all-time high
15:58
Speaker 1: right here.
15:59
Speaker 2: When you look at AVAX right now, and you.
16:01
Speaker 1: Would compare that, let's just compare it heads up to
16:07
Speaker 1: Solana and look at splitting up a portfolio.
16:11
Speaker 2: How would you do this with Avalanche and Solana?
16:15
Speaker 3: I mean, I think Solana, it makes sense to have
16:17
Speaker 3: a larger position in Solana. AVAX is something that's really
16:20
Speaker 3: still been down into the right since November of 2021.
16:24
Speaker 3: The news is getting better, so it makes sense to
16:26
Speaker 3: give it a shot as long as it remains, I
16:28
Speaker 3: would say, above like $ 10. It's still, when I sold
16:31
Speaker 3: it around 17 or 18, around here in early November,
16:35
Speaker 3: late October, it's still down like 40% to 50% since
16:39
Speaker 3: when I sold it, probably 35% now. So there's that.
16:42
Speaker 3: Definitely a momentum shift to the upside. So as long
16:44
Speaker 3: as I get all that $ 10 mark, I would remain
16:47
Speaker 3: somewhat optimistic. Now, if we compare this And again, I
16:50
Speaker 3: think that Solana is obviously should make a larger part
16:54
Speaker 3: of a portfolio. If we compare this to Solana, it
16:56
Speaker 3: just keeps going down into the right. You know, over time,
16:58
Speaker 3: little jumps up. So we don't have any proof that
17:01
Speaker 3: it's going to be any better than any of these
17:02
Speaker 3: little relief rallies. What you could do here, though, you
17:06
Speaker 3: could do some type of trade like this. And your
17:09
Speaker 3: invalidation point is if you lose this point in the sky,
17:13
Speaker 3: the sky could be the limit for this here. So. Yeah,
17:16
Speaker 3: you could sell part of your Solana converted to Avalanche
17:18
Speaker 3: and see what happens.
17:20
Speaker 1: Yeah, one of the other ones that are related to this,
17:22
Speaker 1: and this is a thing that we talk about often,
17:25
Speaker 1: is look at the ecosystems around some of these projects.
17:28
Speaker 2: Avalanche, of course, we saw Faro.
17:30
Speaker 1: Exchange become an interesting play had you been in that one.
17:34
Speaker 1: Another one that could be brewing is Arena, which if
17:37
Speaker 1: you guys don't know, it's kind of like the social arena.
17:40
Speaker 2: Connector.
17:41
Speaker 1: You have to have an X account to plug into it.
17:43
Speaker 1: But essentially, it is a kind of a next level
17:46
Speaker 1: of a social platform within the AVAX ecosystem. So I'm
17:49
Speaker 1: keeping an eye on that one as well. And those
17:52
Speaker 1: are some of the parameters, I think, when you look
17:55
Speaker 1: at a particular project, just like with Solana, there's going
17:57
Speaker 1: to be winners inside the Solana ecosystem. Whether you look
18:01
Speaker 1: at what's happening with Jupiter, you could also just look at,
18:04
Speaker 1: you know, if you're into the Pokemon side, you could
18:06
Speaker 1: look at carts, you know, which is a completely different angle,
18:09
Speaker 1: but all Still a very strong Solana play. I want
18:14
Speaker 1: to talk about Circle because Circle now has responded to
18:17
Speaker 1: the EU. And Mika, this is in reference to the consultation.
18:22
Speaker 1: So they're getting into multi-issuance for global stablecoin liquidity, longer-term equivalence,
18:30
Speaker 1: recognition for foreign stablecoins, which could be a focus.
18:34
Speaker 2: But do you think Circle is undervalued right now as
18:36
Speaker 2: a stock?
18:39
Speaker 3: I think it's a decent buy. I don't, yeah, I mean, it's, oops,
18:43
Speaker 3: let me get that up again. But I think Circle, yeah,
18:45
Speaker 3: I think Circle's pretty good right now. As long as
18:47
Speaker 3: it's holding this low that we saw back in September
18:50
Speaker 3: around $ 80, I think it could be a pretty good buy.
18:52
Speaker 3: Trying to make a higher low here. And in all likelihood,
18:55
Speaker 3: you should be able to hold these areas. And I
18:58
Speaker 3: think eventually this could be, this is easily $ 115 stock
19:00
Speaker 3: and probably $ 130 stock. So yeah, I think it's a
19:02
Speaker 3: decent buy. Yeah, yeah.
19:07
Speaker 2: Okay, there you go, guys.
19:08
Speaker 1: Don't forget, they just did a big deal with Binance.
19:10
Speaker 1: This was a five-year deal to promote and drive USDC
19:13
Speaker 1: adoption in the Binance platforms, one of the biggest ones
19:17
Speaker 1: out there. This was a $ 100 million stake coming in
19:20
Speaker 1: from Binance. So this was news a couple weeks old,
19:22
Speaker 1: but still very positive for Circle. Let's look at Aave,
19:28
Speaker 1: because this is something interesting. Coinbase-issued stock tokens now are
19:33
Speaker 1: moving into Aave.
19:34
Speaker 3: Okay.
19:34
Speaker 1: You got $ 3. 8 million now deposited into Aave V4 on base.
19:39
Speaker 1: That's up 107%. Would you make a play on Aave?
19:43
Speaker 1: And Aave seems to be rolling out their app as well.
19:45
Speaker 1: So if you guys are catching into that, I've actually
19:47
Speaker 1: got a ghost pass on that.
19:49
Speaker 2: I probably should.
19:50
Speaker 1: Pick somebody to give that to if you're into Aave.
19:53
Speaker 1: What do you say on Aave?
19:56
Speaker 2: Do you like this one or not?
19:58
Speaker 3: Yeah, it still looks pretty good. I mean, yeah, you're
20:00
Speaker 3: hitting this area. I mean, the thing I like about
20:02
Speaker 3: this is like it held the lows from 2023 when
20:07
Speaker 3: it came down in June of this year, which is
20:09
Speaker 3: pretty good. I think that this ultimately should eventually get
20:13
Speaker 3: up to 260. You might even, because it's kind of
20:15
Speaker 3: going parabolic, it wouldn't surprise me if you see somewhere
20:17
Speaker 3: between 230 to 260 by the end of this month,
20:21
Speaker 3: if all goes well. I'd expect some type of correction
20:26
Speaker 3: after that, though, maybe something like this, and then hopefully
20:29
Speaker 3: continuing forward. So, yeah, it looks good. It looks good. Yeah,
20:34
Speaker 3: I like Aave. I don't think it's necessarily too, I mean,
20:36
Speaker 3: people would get afraid because it's up you know, 180%,
20:38
Speaker 3: but this is crypto. I mean, this could, could go
20:41
Speaker 3: get around. So yeah, I think it's decent.
20:44
Speaker 1: Yeah. Hey, so there is some news out, uh, on
20:47
Speaker 1: XRP and ripple yet ever North, uh, absolutely clicking in
20:52
Speaker 1: terms of, uh, what they're doing. And this was all
20:55
Speaker 1: approved ever North now expecting to hold approximately 473 million
20:59
Speaker 1: XRP at closing.
21:00
Speaker 2: This will make it the largest.
21:01
Speaker 1: Publicly traded pure play XRP treasury company out there. Uh,
21:08
Speaker 1: We had Berla on not too long ago on the podcast,
21:11
Speaker 1: and he was talking about this, and he was very bullish.
21:15
Speaker 1: He said, hey, listen, there's going to be a lot
21:16
Speaker 1: of news coming out over the next few months. This
21:19
Speaker 1: was one of the things that's going to drop. If
21:21
Speaker 1: you look at XRP right now, and it's been a
21:24
Speaker 1: little bit soft in terms of performance, where would you
21:27
Speaker 1: place XRP on your buy list?
21:30
Speaker 3: So, yeah, I mean, I think it's in the middle.
21:33
Speaker 3: You know, I think it's a decent buy. It's obviously
21:35
Speaker 3: one of the higher market cap ones. You know, there's
21:37
Speaker 3: less risk in it than some of the other things,
21:39
Speaker 3: I think. I think it inevitably is going to jump
21:42
Speaker 3: up to $ 2 at some point. You know, is that
21:44
Speaker 3: going to be in quarter one of next year? Is
21:46
Speaker 3: that going to be by the end of this month?
21:47
Speaker 3: Hard to say, but I think it will pierce through
21:50
Speaker 3: the 160 area. It looks decent. The momentum is pretty good.
21:54
Speaker 3: This is still coming up. Obviously, if you reject harshly
21:57
Speaker 3: the next time you test 160, that's That's going to
21:59
Speaker 3: mean it's going to take more time if we do
22:01
Speaker 3: something like that. But I think you should be able
22:03
Speaker 3: to pierce through. So, yeah, I think XRP is a
22:07
Speaker 3: decent buy. I mean, yeah, I think it's decent. Yeah,
22:12
Speaker 3: I think it's pretty good.
22:14
Speaker 2: Where would you put this year end, though?
22:18
Speaker 3: That's the hardest question. I mean, one of two things.
22:20
Speaker 3: One optimistic case, it jumps up to two bucks by
22:23
Speaker 3: year end. less optimistic it's kind of just sideways where
22:27
Speaker 3: we are right now and then you eventually jump up
22:29
Speaker 3: that's what i think yeah there you go.
22:31
Speaker 1: All right you guys make sure and follow mr evan
22:34
Speaker 1: aldo out there on youtube you can catch him over
22:37
Speaker 1: there just add evan aldo uh he does a lot
22:40
Speaker 1: around macro allocation strategies does a lot with several other
22:44
Speaker 1: trading tools so you guys can learn that if you
22:46
Speaker 1: are into trading this might be your guy so check
22:49
Speaker 1: him out use our you know, our statement saying, I
22:52
Speaker 1: think we have a link that we always drop.
22:54
Speaker 3: For you as well.
22:55
Speaker 1: So we'll, are you still giving a little bit of
22:57
Speaker 1: a discount for your trading courses with?
22:59
Speaker 3: Yeah, it should be 20, 20% off. Yeah. There's a
23:01
Speaker 3: free course.
23:03
Speaker 2: There you go. All right. You guys take care of that.
23:05
Speaker 1: Evan, thank you so much for coming in today.
23:07
Speaker 2: We appreciate it.
23:08
Speaker 3: Yeah. Thanks, Paul. Always an honor talking to you.
23:17
Speaker 1: If you like this video, hit like and subscribe, drop
23:19
Speaker 1: a comment down below, and also join our free private
23:22
Speaker 1: member group.
23:23
Speaker 2: The link is in the description.