Latest / The Paul Barron Crypto Show / Crypto Summer Begins! BASE vs Solana Meme Coins

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Crypto Summer Begins! BASE vs Solana Meme Coins · The Paul Barron Crypto Show

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Base is about to begin. It's on chain summer, the second one.
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We'll break it down and what tokens, what meme coins could be flying high.
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You guys are gonna love it. Mon. Name is Paulbara. Welcome
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back in the tech path. Before I get started, I want to thank
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our sponsor, that's Coinbase. Coinbase is a great place if you're brand new
0:23
to crypto and you want to get started and you want to maybe buy your
0:26
first token, whether it's a meme coin or maybe you just want to buy
0:29
some bitcoin or some ethereum, just go over to coinbase use our code down
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below. It does help us out, but it's a great place to get
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exposure maybe to your first purchase in crypto. And if you're not subscribed to
0:41
the channel, do that right now. All right, So when we bring
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in tokens like this, of course we want to bring in our expert and
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my co host, Ms. Jackie Dutton. Great to have you back in
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here. How's it going. Yeah, you know, I'm not related to
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the Yellowstone family of those Duttons, but I kind of wish I was there.
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You go, it's good to be here. Yeah. So we got
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a couple of things going on right now, bitcoins slightly up in the market
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day. We've also got Ethereum starting to move a little bit. You've got
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Salona starting to get back into a little bit of positive nature. So the
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markets are kind of coming in a little bit. That of course flows into
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summertime, and summertime has been the I think the catalyst for what Base was
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doing last year for them to kind of kick off on chain summer. And
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if you look at some of the traffic here on Doune Analytics, you can
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kind of see total users. I'll kind of zoom in on that right there.
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We anticipate this is even though this is a lot of growth, that
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this is probably going to grow much more. When you're out there on the
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street, you're looking at a lot of meme coins, You're looking at a
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lot of ecosystems right now, Jackie, do you think we're going to see
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an explosion in Base users coming up here pretty soon? I do, And
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I think a lot of it is just the coin Base platform itself is just
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so user friendly. Their ux ui. I think, you know, Phantom's
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really nice when you want to go dejon into some things on Salona, but
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Base is just it's expanded in a way that's so much more than just the
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mean coins. The ability to bridge built right into the app. The coin
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based wallet app is just kind of bar un and if you don't know how
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to do that without that app, it's a little difficult. So I think
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this app really really is the key to unlocking that adoption. Well, we've
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had the coin based Wallet team on the show before, and this has been
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one of the things that they were really working toward, was to create this
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onboarding bonanza, and I think this year maybe the year that we actually see
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some of that. I want to go to a quick clip by Jessic Pollack.
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He talks a little bit about how on Chaine summer is getting ready to
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kick off. Let's take a look with the smart wallet. It's like,
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oh, onboard your user, they put in their fingerprint in there in your
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app. It takes something that would have taken ten minutes and it compresses it
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down into ten seconds. And Mike Wilson said, that's alpha. And so
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there are going to be small devs this summer. Small devs like the people
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in this room, Small builders like the people in this room who create apps
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that reach millions of people. We have thousands of registrations so far from eight
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hundred and thirty cities across ninety countries, and over thousands of you have staked
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to build. You have until June thirtieth to submit your project, and on
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July sixteenth is when the winners will be announced. And we wanted to kind
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of get on a cycle, which was every spring we build, every summer,
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we on board, every fall, we learn, and then we reset
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and we do it again summer July August. We're going to do everything we
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possibly can to bring as many people on chain, and that rhythm is going
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to repeat until literally the entire world is on chain. I like Jesse's theory.
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There the entire world on chain. And did you see the numbers there?
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One thousand projects being on boarded this year, so that's pretty significant.
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Huge. I was looking at this tweet right here from Jesse. You can
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now text one hundred plus tokens on base to anyone anywhere. This is crazy.
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What are your thoughts about this? Will this make it easy for the
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general normal people to get involved? Yeah? I think that this becomes the
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thing that sets everything apart and makes everything different instead of oh, here's a
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video on how you buy b and b then you swap with pancakes swap and
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you've got to find a contract at no. Let me just text you a
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couple tokens and then you can log into your own receive them, and figure
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out how to buy more. There you go over. I like it talking
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about meme coins right now. The top token right there within Base is Benji,
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holding in at a total market cap right now in around thirty six millions,
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so not bad. What have you been do you own some Benji or
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have you been watching this particular token. I don't own any Benji. I
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was playing around last night though, with the coinbase wallet app and looking at
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everything that you can text. It's an enormous there's a lot there. Yeah,
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tons, So I'm looking I'm looking forward to playing around tonight when I
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have a little free time. There you go, get into it, get
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some mochi, some Benji, you know, have some fun. This is
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something that has started that I think is very intriguing to me, and it's
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the versus ecosystem. So what's happening now is streamers can now launch a versus
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token and it basically kind of does it all or nothing kind of thing.
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So ecosystems can match up to each other, and whoever wins in terms of
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the performance, the liquidity from the other ecosystem has to pay up and it
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goes into the winner. So I thought that was kind of interesting from a
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point of something like a political But this could go anywhere. This could go
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with sports teams, This could go with you know, movies, you name
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it. This could be across a whole ecosystem. I want to play a
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clip for you and get your opinion on this. Take a look. We're
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back with Love on Leverage Challengers Edition. Basically, one star, We'll go
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on two dates simultaneously using our versus token. We'll watch to token for each
6:08
date. Does the two compute for her approval. Here's the catch. Effectively,
6:12
you'll be able to control the meat button by pumping or dumping each date's
6:15
token. At the end, the star will pick her winner, and all
6:18
losing token liquidity gets pumped into the winning token. Weekly episodes happening all summer.
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This is going to be the new reality hit, I think, or
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something like it. What do you think about that? This is kind of
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an interesting slat. I've been waiting for this to happen, to have a
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tender like or some kind of like a dating app, a concept that we
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all know and have that really infiltrate. I thought it would be fun for
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a while to be able to swipe left or right and have the algorithm pair
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you based on what's in your wallet. Oh, that's interesting what your wallet's
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holding, you know, like and you could say like I don't want to
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data safe moon Maxie or whatever, you know, but yeah, I think
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this is a really fun concept that would be well, first of all,
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it's very intriguing. I think anytime you can do these kind of things on
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blockchain and do it in a way where it's not a fun but also intriguing
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because it starts to track into things like market sentiment, virality, you know,
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which many brands are trying to figure out how to do right now with
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their own businesses. So blockchain starts to open up some very cool potential opportunities
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there. Speaking of that, I want to talk a little bit about eth
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versus Solana. This is kind of a thing that is going on right now
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as to kind of the quality versus quantity statement that has been out there.
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I want to play a quick clip from the Bankless Guys take a look,
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and that Totally is building open source software. They can be copied very easily,
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and they're in the process of being copied on. If you'reum Oltos today.
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What is difficult to copy on network effects. The network effects are so
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large that it makes it difficult to have an isolationist, you know, policy
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everything to be on my little Solana island, disconnected from reality. When you
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have an exotic island, you have exotic life forms that emerge. You know,
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you have weird things like geobodins and dog with hats and all of these
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things, you know, circle jerking within this little island where everyone's like happy,
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you know, worshiping these little images. But even Solana, which is
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like the primary place for mime coins, is still minuscule. If you take
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the sum of the market values of all the mime coins is about ten billion
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dollars. On the theorem, you have one mime coin called shiba Inu,
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which is fifteen billion dollars a single mime coin. And this is where we
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see the distinction between quality and quantity. All right, So Totally looked a
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little bit irked right there as he was getting preached to about that. But
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you know, you have to also remember Ethereum had quite a bit of a
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head run on the meme coin craze. They pretty much are the ogs when
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you look at that, and you kind of try to trace against that with
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the Solana ecosystem. Some could say, well, give Salana three or four
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years and it's maybe it's a different story. What are your thoughts on that?
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Yeah, I mean, given the head start, I think there's one
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thing that really sets this apart. I know people who like to play around
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with tokens and projects on Ethereum, but I also know people who are just
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eth Maxis. They're happy to just hold eat, steak, eth whatever.
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I don't really hear that about Solana. The people who buy Salana its utility
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is to ape into the things and really use that ecosystem. So I think
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ef having that dual value of people who are like, well, I don't
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care to gamble on it. I just like it as an asset by itself.
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I think that makes it stronger at the end of the day, because
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you don't have people constantly using it as exit liquidity for somebody else. Basically,
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well, I think the key here will be does and is there the
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potential for something like a pepe or a Doge to truly rise out of there,
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whether we seekat with at or or something like that that might get there,
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even though it has been up there in terms of total market value,
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But is there one that could end up being a viral hit that takes off,
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because really Doze, if you think about Doge, that's one of the
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ones that kind of brought the meme coin craze into that ecosystem from an eath
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standpoint. So I don't know, it's an intriguing perception as to whether Solana
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will ever get there or not. But I do agree with you. I
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think it's right now. Eth just has a unique point. But when you
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look at that all right beyond eth and you kind of compare Solana meme coins
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versus what's happening in base now, because remember last six months, Solana was
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crazy, Phantom was growing. I think it was the number one finance wallet
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out there on the app store. Now you look at bass I want to
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play a clip on this because this is kind of comparing those two ecosystems.
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Take a look. So people actually made a Solana shit coin called gm and
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it's supposed to capitalize on the movement behind the original GMI movement. So would
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you buy a meme coin called GM Personally, I wouldn't. I'm more of
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a sort of investing in the total like stock market, like the ve s
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andp Okay, so you're a boomer. What blockchain is it on? It's
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on Solana? Well I have some shit something Brett. Oh my god,
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Brett. Yeah, I know Brett. I know Brett's You're on bass you
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know, Brett is on the bass player two like Solana. I like it.
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Well, you know, maybe these things don't matter, you know,
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it's just a matter of whether they go viral or not. He talked a
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little bit about Brett right there here. It is, of course, kind
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of skyrocketing. This is it's all time now. Not a bad little move
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on on Brett. Are you following any of these base tokens right now,
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Jackie? Yeah, Brett in particular. I had somebody that I follow on
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X. He called that it like sixty five k market cap, soa wow.
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Yeah, it's at a bill right now, all right? Not bad
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and almost completely out there in terms of volume volume, still growing though,
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and circulating spy ninety nine percent out well, okay, so this could be
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one that still has a lot of room. Do you like this? If
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you were saying, Hey, if I was going to play on the meme
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coin space, would you go the route of Brett right now? I would
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in large part because what that guy just said is very important because he the
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you know, the commentator, was like, oh, you're on base,
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and the guys of what he doesn't even realize because the ux UI was so
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nice, so easy, he just bought some Yeah, and I think that
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is how like you don't know how the infrastructure of your bank account works when
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you log into the web address, you know, nor does anybody care as
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long as it work. Yeah, And that's always been the argument I think
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for crypto in general. At some point, much like the Internet and any
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other great technology, when it becomes so simple that the average user doesn't even
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know what's going on behind the scenes, they just know how to execute on
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it, that's when you really have got mass adoption. And that is going
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to be key here. So, you know, going back to what Paulack
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is saying, you know these cycles of bill deploy, educate, build,
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deploy, educate. It's a cool thing. This of course is talking a
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little bit further about Brett, is that the next Pepe take a look.
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I mean the first time I actually named him Pepe was for this comics that
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I did called Playtime. Two characters on to have four characters, kind of
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like the Ninja Turbans became Boys Club. A lot of the humor is kind
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of about post collage zone land Wolf, the party dog. Andy was the
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jokester of the group. Brett liked to dance, and then Tepe the probably
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was just kind of like the little brother in the group. I like Brett
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because I think the dancing component might end up being something that's more social.
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I was thinking TikTok, you know Instagram, you know Twitter, that could
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be you could be right, not only ease of use, but also has
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that viral component. What do you look for in a token, especially a
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meme coin or even a project that could take it viral. Are there certain
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markers that you say, hey, that's that's one of the things that we
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watch for. Yeah, a community that exists on its own outside of Web
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three, that already enjoys it or likes it, and you know, probably
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anticipating some newsworthy events around it. So if the if there's a series coming
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out on Netflix that features the cartoon, or you know, they're they're relaunching
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something or you know. I think this is why we see the poly five
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and the political coins doing so well, because it's just in our face all
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the time. So you know, I think the best part about crypto is
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that we find the joke in everything. We're like the Internet, and that
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meme coin thing is the thing that will find the joke. That's why we
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love memes because the meme is the thing that brings the humor out of it.
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So, hey, listen, I think that always will win. Speaking
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of that that, we've got to talk about Age Azaleas. This is the
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mother meme coin. I love it. First of all, the mother meme
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coin is, in my opinion, is a great name. But everybody was
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kind of watching this one, and you know, we saw the celeb tokens
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take a little bit of a rash in terms of a hit. But this
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one came back, if you look at where it is right now, started
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to move back in here and has kind of reattained the position of possibly back
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to your point. You know, communities outside that of crypto that seemed to
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be supporting these kind of things. So this is a good example of that
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very thing I want to go to a clip real quick, Jackie and get
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your take on what Iggy was talking about listening. I'm curious, how is
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the last week compared to when you were first introduced to the space, like
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a few years ago. Do you feel like you've been from a fire hose.
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Holy fucking shit. I have learned like ten times more than that,
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infinite times more than that in the last six days. It's actually insane.
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I thought that I knew a pretty decent understanding of it. No, no,
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fuck no, I don't know shit. Because we have a website.
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We're going to launch our website, like the normies can come and see.
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They're going to go to that website, and I need I want something there
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where they can automatically be walked through onboarding where Mea and Jupiter our friends over
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there. They have a great a great set of onboarding resources as well.
16:52
So between the two, I think you'll be really well equipped. That's been
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the thing that I see is the number one fork in the road, Even
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with my own friends that are like, oh, I want to make a
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wallet, you know, and I tell them the place where they kind of
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all seem to get to that fork in the road and come back and say,
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help me with this, I'm stuck. Is how to actually specifically specifically
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by Solana, Yeah, they start to get confused. Well, that's kind
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of interesting because she's hitting on one of the points you and I talked about,
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and that is the that that difficulty barrier. Even though most people in
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crypto would say that's not a big deal, but for a regular, everyday
17:33
person trying to get into it, you know, you kind of hit on
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that how big of a point? And I think you point you pointed on
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the fact that bass is really easy to access. Do you think Basse really
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kind of just this summer takes off and maybe gets control of the meme coin
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market. I think we see it really rise to the occasion of becoming neck
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and neck with Solana. I mean, it's hard to see right now because
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I saw even Jupiter surpassed Uniswap actually in volume, but they're not that far
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apart. So I think I think based the text thing, I think we're
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about to see within the next week or two, that really the biggest difference.
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Yeah, but also if pumped out fun or some equivalent comes along for
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base mean coins, it's like lights game on. Yeah, yeah, game
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on at that point, I totally agree with that one. Speaking of viral,
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this is one of the course and you and I have talked about toncoin
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before. I think you actually called this out many many shows ago, so
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kudos to you, Jackie. But ton cooin hits again starting to take off
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here as you can kind of see the seven day even starting to move up
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quite a bit. But the one that I love, and this is what
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makes me kind of look at this is the fact that they've been able to
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kind of create this viral moment around these somewhat utility but at the same kind
18:59
of community tokens much like back to what you're talking about, and that's going
19:04
into the knock cooin right there also coming in and if you look at just
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how fast it's moving, and it's really right now setting at a very low
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market cap overall. But I don't know, what do you think in terms
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of ton cooin. Do you think there's more room here for this one to
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run? Absolutely, the integration within Telegrams the most widely used to crypto messaging
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app, and people use it for regular things too. I don't but you
19:32
can use it for all kinds of things. But I think also it's integration
19:36
within the Asian market being so heavily there and their presence. Yeah, I
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think that one is huge. This has the base rival type feel I see
19:47
exactly. Yeah, I want to play a clip for you because this is
19:49
kind of referencing around the virality of toncoin listening. So it is a tap
19:56
to earn click to earn mechanism. People can earn even more coins called nt
20:02
coin by inviting more friends. Communities on Telegram are able to compete with each
20:07
other to show off their social media presence for the first time in cryptoistory.
20:14
Twenty five million monthly active users were playing this game. Within three months of
20:22
launch, ninety million quests were completed on this platform to educate people. So
20:27
we believe that achieving five hundred million users into ton specific mediacs is the first
20:33
step in transforming them to ton on chain users. Fifty percent of the revenues
20:41
from the ads will be shared with content creators who operate the channels. This
20:47
will obviously have a very viral effect. So back to your point the virality
20:52
of this. I was just looking at users by country, and this may
20:57
be kind of interesting because India is still kind of controlling the space right now
21:02
on Telegram, you know, let's see, yeah, two twenty right now
21:06
pretty much. You look at Europe, I mean even Russia is still fifty
21:10
million, quite a few Brazil twenty million, fifteen million in Mexico. So
21:15
and even though you know, we haven't seen real explosion here in the United
21:18
States for Telegram, which again, this would be an opportunity for this to
21:22
really kind of get maybe some accelerant underneath it. Jackie, when you look
21:26
at that model that Telegram has kind of gone through, launching a token,
21:33
tying it to the community, creating these quests, creating this virality behind it.
21:38
Do you think that there could be some other communication platforms that could do
21:42
that. I think it would be who discord to add something like that?
21:49
Why not? You know, oh yeah, well of course, yeah.
21:56
Are they going to integrate doge? Is it going to be Doge for them?
21:59
Or it's got to be something I think it's got to be something new
22:02
because you've got to be able to create that viral moment, and then you
22:06
need the ability to kind of let everybody start from zero because right now dose
22:10
is just so mature, you know, so it's I mean, it'd be
22:12
great as maybe as a payment option, but for you know, function social
22:18
quests, some sort of maybe you know, achievement levels I think within that.
22:22
You know, Hey, listen, Elon if you're out there listening,
22:26
hopefully you're already got this in your master plan. If you're not, you
22:29
know, landing rockets on in space. So anyway, he's yeah, he
22:33
has been. He's been a little crazy, Jackie. It's always fun kind
22:37
of breaking it down with you. Thanks for stopping in today. We appreciate
22:40
it, all right, Thanks, all right, you guys, if you're
22:45
not plugged in, over here to the Diamond Circle mixture and get in right
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