Latest / The Paul Barron Crypto Show / Altcoin Fire Sale? Crypto Market Update
Transcript
- 0:08All right, so could all coins be in a fire sale position? Today
- 0:12we'll be looking at a ton of tokens and of course looking at some of
- 0:15the macro markets and indicators that could be directing the crypto markets. You guys
- 0:20are gonna love it. My name is Paul Barret. Welcome back in a
- 0:22tech path. Of course, we're doing a livestream today. If your brand
- 0:25new to the channel, what I'd ask you to do is go ahead and
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- 0:36Hit that subscribe button, knock that little bell there, and it's going
- 0:39to notify you when we do these live stream just like this. We do
- 0:42questions toward the end of the show, so make sure and drop them in
- 0:45over in the sidebar. We'll try to get to as many as we can.
- 0:48You guys like the new YouTube watch layout. I'm kind of curious.
- 0:52I'm just you know, because it's it's a bit of a change out there
- 0:55on the watch layout. Before we get started, though, I do want
- 0:58to thank our sponsor, and that is fair to This is one of the
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- 1:26pretty cool. I want to get into a couple of points here, and
- 1:29we'll lead off with this tweet right here, breaking over about four hundred and
- 1:33twenty million in crypto liquidations past twenty four hours, so a bit. As
- 1:38you can see starting to happen in the markets, obviously, the all coins
- 1:42have started to struggle quite a bit, and we'll break down some of the
- 1:47all coins and get into some of the details on those. What are your
- 1:49favorite all coins right now? We'll try to cover some of them. If
- 1:53they're in our MSI, then I'll definitely have data on them going in.
- 1:57So we'll go to the charts here in a bit further in, I want
- 2:00to kind of go to this Finbold article. This was pretty interesting capitulation on
- 2:06all coins as cryptodepression starts to set in. I think a lot of people
- 2:09are in that because if you think about it really, over the past thirty
- 2:13days is what we've seen in terms of slide in the markets. A lot
- 2:16of people have looked at this as a potential for a rebound though, and
- 2:21that I think is the question is when is that rebound going to hurt occur.
- 2:25Here's Vanderbobi saying that he's witnessed this part of the cycle before, back
- 2:30in twenty twenty all coins on which went through a one month ago kind of
- 2:34what we were facing. We're now starting to see those bleed massively, but
- 2:38now was the time that you would want to risk more. A lot of
- 2:42people were starting to look at that as an opportunity, and it did pay
- 2:45off for many of the people that were playing the all coin business. Back
- 2:49in twenty twenty, result of first coins started to drop by more than fifty
- 2:53We could still see that in the handful of these tokens and in several major
- 2:57projects in a matter of a few months, and a final took correction of
- 3:00course, took place, took them down that many of them had kind of
- 3:05run up as many as two hundred x so a lot of people got left
- 3:08behind at that point. So first half of the year twenty two and twenty
- 3:12three terrible for Marcus. Second part not bad and super positive. First of
- 3:16the twenty twenty four has been terrible again, and the expectation is that we're
- 3:21about to have a big upward return in the second half of the year.
- 3:23Now, there's many things that you could look at and say, hey,
- 3:25well, things are looking better on regulation, things are looking better on the
- 3:30political front, and if you think about it from a global macro standpoint,
- 3:35we're starting to see a little bit of it easing. We're starting to see
- 3:38interest rates being dropped by many of the banks around the world. Not the
- 3:42Fed yet, but we could still see one of these in terms of an
- 3:46interest rate correction. All of that could be pretty good for the markets as
- 3:50we head toward the end of the year. So here's Ashcrypto, whire,
- 3:53all coids dumping past twenty four several large caps of dump fifteen to twenty despite
- 3:59bitcoins three percent correction. Some reasons, no narrative, you know, obviously,
- 4:03you guys have seen the meme coin pump really more on a pre sale
- 4:08high. I agree. Q two. We saw the RWA coins pump because
- 4:12of black Rock, and remember, don't forget a lot of the AI tookens
- 4:16also kind of went up with that as well. And then e ETF trading
- 4:20delay, meaning we've got no ETF in play right now, so there is
- 4:26a lot of headwinds. However, I look at the market still in a
- 4:30very bullish position. Now sure many people will say, well, this could
- 4:34be and is it the actual end of this bull run? So there's actually
- 4:40analyst out there looking at that. I think we're still a little bit soft
- 4:43on that, and I don't feel like anything is really in that position.
- 4:47But when you look at trading Mu's coin heat map, it ain't looking good.
- 4:51Guys, it's not looking good out there. Almost everything in the red.
- 4:58So a handful of projects slightly up for sure. Make sure and drop
- 5:04in and vote on the poll. Try to get to that. Here's a
- 5:09couple of points that you should maybe consider. A thing is when all spounced
- 5:13in the market, they usually undo months of downside within weeks. These things
- 5:16will move so quickly. That's usually when you can get caught. Is when
- 5:19you see these big upswings and maybe you get cost sleeping a little bit,
- 5:25but you get caught in a position where maybe you don't take profits, which
- 5:29is something you should always do obviously, not you know, investment device,
- 5:32but that's just general strategy. I think everybody understands that high time frame low
- 5:38and lower on high on many of these alts would still yield a solid return,
- 5:42and I think that's the thing that you have to look at. Timing
- 5:45is of course very difficult, so you got to be careful. Just don't
- 5:47sit on your hands in some of these cases. This is where people are
- 5:51going to get get made both ways, both in a negative way in a
- 5:57positive way. Here is the fear and greed. This is what does not
- 6:00make sense guys. Right now, greed is still setting at seventy four.
- 6:06You look at that and you compare this to the general sentiment data over within
- 6:12our own market sentiment. Let me go over here. I'm gonna scan in
- 6:15and just go to the overall and take a look at because the market when
- 6:20you look at overall versus what we've seen on you know, general tokens overall,
- 6:29I think you know, Bitcoin obviously has been sliding quite a bit on
- 6:31amplification sentiment, which is down quite a bit since really all the way back
- 6:36since five point twenty one. Oh, I think we just lost Okay,
- 6:39it's getting repainted right there. Here's the overall sentiment. So right there is
- 6:43your overall line on the white still underperforming, Bitcoin still at the top.
- 6:48Ethereum also starting to paint right in on top of that, as you can
- 6:54kind of see, and then as you go into all coins, that's where
- 6:58the damage is being done. So all of this is available overall market Sentiment
- 7:01Index. We'll leave links down below where you guys can get to some of
- 7:04that. A couple other topics I want to get to, and one thing
- 7:09to consider too. I think when you look at is this a by the
- 7:12dip moment, especially around some of these tokens As we look at some of
- 7:15the charts here in a bit, are you buying right now? Is this
- 7:18the time in which you might start to adjust into some of these and possibly
- 7:23reposition you're holding some of your bigger tokens. A couple of points within this
- 7:28article, there's a little bit of a trip to local high Obviously the sixty
- 7:31seven we saw that early week momentum, those stalled sellers took control and off
- 7:36we went again back down sixty four, so it didn't take long. Sixty
- 7:41six sixty seven could be an area to gauge here, ongoing absorption still a
- 7:46little bit within the price bleed I look at that versus when you look at
- 7:51the top thirty. Let me go back to bitcoin here for a second.
- 7:58The thing that I don't like about bitcoin is this divergence. Some kind of
- 8:01zoom in on that, this divergence that we've been seeing happening for really almost
- 8:05two weeks, and it definitely does not show signs of strength right now.
- 8:11So is this the point where we could see quite a bit of a continued
- 8:15reduction. Many people still think under sixty k is in place, So let
- 8:18me know what you guys are doing out there. Other points I want to
- 8:22hit on right now. Currently this is some people kind of looking at this
- 8:26currently thirty three days into a bitcoin minor capitulation, with the average duration over
- 8:31the past five years being forty one, So could be that's kind of cycle
- 8:37as well. Minor selling and maybe a lot of potential investment houses. When
- 8:43you think about assets under management in terms of ETFs starting to take in and
- 8:46out positions, that also kind of marks a lot. But minor addresses collectively
- 8:52hold a substantial treasure about seven hundred thousand bitcoin, but their balance is discreased
- 8:56a decreased by thirty thousand bitcoin cent October. Now, some of that is
- 9:01normal, However, at the same time, remember your acceleration of the having
- 9:07occurred, so it's a little bit more difficult to mine, lot more difficult
- 9:11to mine, and they still have operational costs that they've got to deal with,
- 9:15so that could be still a big factor. However, I saw that
- 9:18the Bitcoin Minor Conference or just mining conference in general crypto had the most sponsors
- 9:26ever it's being held here in Miami, and that didn't surprise me in terms
- 9:31of the companies and the number of companies are looking to go in that direction.
- 9:37Twenty thousand bitcoin have been accumulated by whales on this correction, so people
- 9:41are still buying. The key here is are people continuing to buy? Did
- 9:46they sell on this little pump to seventy plus and then retracked out and look
- 9:50for re entries. Is that the strategy that's being used or are they in
- 9:56a position right now where they're just looking at DCA as maybe bitcoin faces a
- 10:01sixty k mark. Here's Nate Garassi. I think this is a good statement
- 10:07right here, and it's one to watch right here. In nineteen more B
- 10:11four filing for a combined spot bitcoin and eth ETF is now in play.
- 10:16This coming in from hashtags. So that would be cool because I think that
- 10:20could combine the appetite for both bitcoin and eth obviously within a single ETF.
- 10:26But I'm still interested in how the ETF will play. I've got a clip
- 10:31for you that will go to here in a second that kind of indicates where
- 10:37ethereum might be going. And is it in a position right now to just
- 10:39hold through or is it a spot where you might go ahead and say,
- 10:43hey, this is still a good spot for me to buy. A lot
- 10:46of these prices are still very undervalued. Twenty one Shares hired Federico Brocate.
- 10:52He's going to run their US ETF business. Remember he's previously head of I
- 10:56Shares Americas and he was pretty much the guy for I bit and the eth
- 11:01A to market. So that's a pretty big deal, big time higher.
- 11:05So kudos to them for twenty one shares. I'd like to see how their
- 11:13ETFs kind of continued to flow. Remember this was the one that art kind
- 11:18of stepped away from. So here we go Quentin coming in ETH supply on
- 11:22exchanges an eight year low. Look at that chart right there, I mean,
- 11:26kind of blow up on that and I'll zoom out. You can kind
- 11:28of see the exchange balance right now continuing to decline, which tells you what
- 11:35that people are looking at, holding through and looking for some potential spin rounds
- 11:39here in terms of price on eight remember we edged up toward four thousand,
- 11:46saw a little bit stability, and then you know, pretty much a crater
- 11:50on Ethereum. I think the key here is is this the point that you
- 11:52would maybe look and say, Okay, I'm in for the long haul.
- 11:56That's kind of the position. I think a lot of people that are holding
- 12:00significant values of ETH are in right now. I want to go to a
- 12:03clip real quick. This clip goes into a little bit about the ETH impact
- 12:09that's coming in from Vanek. Take a look. This is a novel asset
- 12:15that has twenty million monthly active users four trillion dollars in settlement value. In
- 12:22the last twelve months, Ethereum has facilitated almost six trillion in stable coin transfers,
- 12:28and the centerpiece of that financial system is this ETH token, and we
- 12:33think the ETH token is going to compound at an annual growth rate of thirty
- 12:37eight percent over the next five years to achieve our price target of twenty two
- 12:43thousand. Some of these investment advisors are are going to buy that story,
- 12:48and we think that the ethtfs collectively should have you know, fifteen billion or
- 12:54so in assets by the end of the year. Fifteen billion in assets by
- 12:58the end of the year, you say that that is going to exceed most
- 13:01people's expectations, most people in the crypto world, or is that like kind
- 13:05of a base case? Like how would you frame the size of those inflows?
- 13:09So the range that I've seen is, you know, ten to forty
- 13:13percent of the bitcoin ETFs. The lack of staking at the onset will probably
- 13:22be a headwind, but that fifteen billion is right at the twenty five percent
- 13:26level. Current btcts have about sixty billion, so I'd say it's kind of
- 13:31a base case. But this is kind of like throwing a party when you
- 13:33don't know how many people are going to show up, So you know,
- 13:37it's not like blockchain where you know exactly who the holders are instantaneously. We
- 13:43have to wait for these quarterly filings, and some of them are obfuscated the
- 13:48beneficial owner. Well, like we said of the intro, definitely an exciting
- 13:52time to be in the world of crypto right now, I would agree.
- 13:54I think the key here right now is that the outlook for or crypto in
- 14:00general has been never more positive. And also if you think about what the
- 14:05potential here is for Ethereum as an ETF. Granted I do think yeah,
- 14:09I think Vanak is right there will be a bit of a headwind, but
- 14:13remember the headwind coming in from steakedeth versus somebody that would be investing in Eth
- 14:20as an ETF. I think that is a completely different kind of investor in
- 14:24it, and it may change. I think the trajectory of where this ETFs
- 14:28and these ETFs go. I'm anticipating this be much more bullets than even van
- 14:33k is talking about. Whether it gets to fifteen billion by end of year,
- 14:37that'll be great, But I think we could see some pretty significant moves,
- 14:41mainly because of people wanting exposure that may not necessarily want to take on
- 14:46the control factor of going in and holding their own crypto, getting into a
- 14:50wallet, staking it, going through that process that still is a challenge for
- 14:56many people. I won't say, you know, at a certain age level,
- 15:00but there are a lot of people that still argue that with me every
- 15:03day, you know, in my own circles of when I'm trying to get
- 15:07people into crypto and understanding a little bit more about the technology, the wallets
- 15:09and how to move, how to hold self custody, all that kind of
- 15:13stuff, and yet at the same time they're not ready to take that leap.
- 15:18The ETF may be the trigger point that could be huge for ethereum.
- 15:22Now if you compare that versus meaning the ETF versus techtoxscers, remember that's the
- 15:28other high risk asset that is potentially at play here in lieu of an e
- 15:33ETF. From an investor standpoint, take a look at this next clip because
- 15:37it'll kind of explain this, you know, either versus bitcoin or in a
- 15:43sixty forty portfolio, the type of return and risk that it introduces. There
- 15:48there are some powerful diversification benefits, and the impact on the portfolio draw down
- 15:56meaning like how much you can lose, is relatively small. So I like
- 16:00to introduce this comparison to Facebook stock ticker Meta, which is about a two
- 16:10and a half percent weight in the S and P five hundred, So everyone
- 16:12who owns a sixty forty portfolio has exposure to Meta and that stock fell eighty
- 16:18percent peak to trough in the bear market, which was like more than Bitcoin.
- 16:23And you know, in our view, if we are correct that Ethereum
- 16:27is the open source app store, then it is going to directly attack the
- 16:30margins of a lot of these centralized Web two companies through a combination of technological
- 16:37innovation and a different regulatory regime. So we try to kind of compare the
- 16:45performance of Ethereum with the performance of things that our clients already own, and
- 16:49when they're presented with that data, you know, the light bulb can kind
- 16:52of go off and it's like, oh, this is not necessarily more risky
- 16:56than some of the things I already owned. Yeah, he hits on a
- 17:00lot of really good points there, because now you're talking about the validity of
- 17:03crypto in general and the idea behind what is a revenue maker and what we've
- 17:10seen in some of the high flying tech stock performance in the past. So
- 17:12yeah, I think there's an argument there. Even though I know many assets
- 17:17asset managers would still argue in a sixty forty you know stop stock comparison in
- 17:22terms of just you know, diversification. But I think this changes a lot
- 17:27because of the demographic of some of these investors are going in this, So
- 17:30a lot is going to change in the next couple of years, especially in
- 17:36the crypto the ONERSK markets for sure. Solana, of course, is slumping
- 17:40now to a forty five day low. Many people know. I love Solana.
- 17:42It's a project we'd love to talk about here on the channel, but
- 17:47it is seeing a forty five day low much like other al coins. Question
- 17:51is whether it can bounce over the one thirty mark. We'll take a look
- 17:53at the charts on that one as well. I'm gonna fly through a couple
- 17:56of these right now. Ono also starting to come in with a new partnership
- 18:00here with Drift Protocol onto another project that I'm holding, Avalanche. This is
- 18:07one that is interesting right now because of you know a few things that are
- 18:11happening within the avax ecosystem. Now we've talked about this with Avalanche, them
- 18:15directly around subnets and the price cost to maintain one, and you know,
- 18:21the question has always been is a little bit more expensive. The key here
- 18:25I think for Avalanche is they've got to lower that cost. They've got to
- 18:26lower that cost of those subnets, opening up to a lot more opportunities for
- 18:30more companies to come in on it and be able to really drive that ecosystem.
- 18:36That is going to be an important key thing. And I think if
- 18:38Avalanche is watching this right now, that's what I would deploy you to do
- 18:41is get in, get in much more value proposition for subnets, and I
- 18:45think that will make a big difference in the amount of onboarding that we'll see
- 18:48in terms of projects coming in. So could it be a much lower than
- 18:52thirty bucks. Well, we're going to look at the charts and give you
- 18:56some opinions on that thing right here. Oh yeah, the AVAX ecosystem among
- 19:02the top ecosystems by Network Analytics over seven fifty million total value locked ranking in
- 19:07the top ten. Still, so that in itself still a very positive thing
- 19:11for sure. Make sure and drop some tokens in on the side. We'll
- 19:15try to get to some of those. One thing to note though, is
- 19:18if you're in Europe, things are about to change for you, I think
- 19:22in terms of how you guys are going to be able to do in your
- 19:25pairs, and that is USDT is being delisted by Uphold, again citing MICA.
- 19:30If you look at the list right here of what they're going to be
- 19:33doing, these are the ones that under the new European rules, they're no
- 19:37longer going to support these. This is die FRACTS, GUSD, USDP,
- 19:41t USD and USDT. This is what they will be supporting, and that's
- 19:45USDC, the euro stable coin, and then of course paypalse stable coin.
- 19:52So big news there, I think, because obviously Europe being a huge market
- 19:56for a lot of these up here, and we'll get to some charts here
- 20:03over the forty seven years S and P five hundred, this is kind of
- 20:04interesting. Forty seven years S and P five hundred average game during the presidential
- 20:10election around eleven percent. On the other hand, non presidential has been seen
- 20:14about thirteen percent, this year fourteen percent, and in the last eight we've
- 20:18seen almost thirty four percent, so we could see a huge up trend here.
- 20:23Still remember S and P still flying high as of yesterday, so a
- 20:29lot happening there, I think. Do you see a continued resilient market going
- 20:34forward, because this will of course give us a lot of strength I think
- 20:38within some of these other risk assets for sure. All right, we'll just
- 20:42take a look at Avalanche first and then we'll get to some questions, get
- 20:47to a poll. But you can kind of see. I mean, let's
- 20:48just take a look at where avalanches come off of the mark back here in
- 20:53April the ninth, and we are down almost fifty percent right now, Avalanche
- 21:00trading at twenty five. You look at Avalanche right now, some people would
- 21:03say, all right, well, there's that one slot right here that shows
- 21:07a little bit of resistance at around twenty three bucks. This is a zone
- 21:11that we're looking at. When I compare this to the sentiment right now on
- 21:15Avalanche, it is still on a negative trend. So I think we're still
- 21:18going to see a little bit more adjustments here, both on Avalanche and also
- 21:22on Solana, even though Solana has been a little bit more stable. But
- 21:26the trend line right there you're seeing is a sentiment trend line continuing to move.
- 21:30The key here for Solana is holding off at around one twenty seven right
- 21:34now, we're holding at that one thirty two. We had dipped down to
- 21:38what was at one twenty eight on the day right now. A couple of
- 21:44questions. Let's go over to the poll real quick, and then I'll get
- 21:45to some other charts that you guys have. What is a poll showing?
- 21:49All right, here we go, what's your current market crash strategy? I'm
- 21:52buying, and then everybody else is holding. Nobody is selling that seat.
- 21:57That is the PBM crowd. That is what is up the PBN crowd going
- 22:03after it. I like it attitude. You guys got it out there.
- 22:07It's still floating in that downward trough on sentiment starting to break out right now
- 22:14at about thirty four hundred, which was a mark that we were concerned with,
- 22:17and that's one that I am still concerned with. If we if we
- 22:19stay below or start to break into that thirty three, we could see a
- 22:23further downward pressure on sentiment overall. On ethereum other ones I'm looking at.
- 22:30Of course, Link is another one that I hold. This may be another
- 22:33one that we look at for an acquisition. This one, of course,
- 22:37is coming in right to that really hard position right now. If we start
- 22:41to see a breakthrough around thirteen bucks, this might be one of those that
- 22:45is more of a short term by because the last time we saw that was
- 22:48all the way back here on this rise in the market, which was back
- 22:52in November of last year. So that's a big market spread that link could
- 22:56be in a position for I'm liking that one. What else did we have?
- 23:02Near protocol? This is another one that also has started to move into
- 23:06Remember this was its high back here in December of last year, popped up
- 23:10to around four dollars. It has revisited its December high back down to around
- 23:15four blucks. So if you are into an alternative to maybe hedge against Render,
- 23:21maybe Near is another one to look at. H Bar is another one
- 23:25that I'm interested in. This one has been up and down, but now
- 23:29it's finally coming back into the zone I feel a little more comfortable at,
- 23:33and that's going to be somewhere around six. We are getting very close on
- 23:37an h BAR acquisition. I may be looking at this one for sure.
- 23:41What else do we have out there stacks? I just feel like this is
- 23:45going to bounce with bitcoin quite a bit again. This is another one that
- 23:48is still in a position. I think that has bled enough that we could
- 23:52see some potential options there. That is one. What else and of course
- 23:56Render it's still somewhat sideways. I mean, many of you guys that have
- 24:02gone into render are back here in this zone. You know, if you
- 24:04look at where render has been, these are the entry points back here in
- 24:10January of twenty three when we were really going into render. But it has
- 24:14a long way to go now, some of you, if you're just now
- 24:17getting into render, this might be that zone because right here is the last
- 24:19time we saw that accumulation area, which was all the way back into February
- 24:23of this year. And you look at that all the way back down to
- 24:27around January, which was really holding it about that four dollars range. I
- 24:32don't know if we're going to see that four bucks. We'll see, all
- 24:34right, what do we have here? Questions over on the side, We'll
- 24:37get some of those JAZZM, Hoss Cartwright, what is that? Okay,
- 24:44that's interesting, JAZZM. This is one we've been in and out of.
- 24:48I'm not sure necessarily that I would jump into jazz mey just this moment,
- 24:51but it's one that I have had before. What else do we have?
- 24:56Arrows still have a chance. I'm not trading arrow right now buying me.
- 25:00I'm still holding my memes. So my memes are pretty you know, pretty
- 25:04tame Brett. You know, a little bit of bonk obviously, cow I've
- 25:08had. You know, that's kind of the bigger ones that I'm holding for
- 25:12sure. Proppy, I still like that. It's on bass A great project
- 25:18onto horrible tokenomics. I understand that, but it is one that I'm staying
- 25:22with. I like Bitcoin Layer two, so do I. Jonathan. That's
- 25:26a that's one I think that we could see. Here's Joey saying, how
- 25:30uh wait a minute, how do you how you liking the nice discount on
- 25:33Avax. Okay, listen, Avax is good if you wanted to add to
- 25:37that. In a position right now, Avalanche holding at twenty five. I
- 25:42still be looking for this clip right here around twenty two to twenty three,
- 25:48which might be able to hit it. We'll see, because it's negative,
- 25:51it's it's still got a fairly negative sentiment flow on it. Let me see
- 25:56if I can pull up Avax real quick on cent an XRP Solona. Yeah,
- 26:03it's it's definitely on a declining trend right now, and it has been
- 26:07really since gosh, all the way back here to May twenty ninth was really,
- 26:14it's it's doom day for Avalanche. What else do we have? Sheba
- 26:18not an owner, but I like Atlas. I am a owner long term.
- 26:22I think it's gonna if it survives through, we'll see what three Gaming
- 26:26still be a potential going on there. Let's go Cardono is just Joe.
- 26:33I love those guys that are out there. Cardinal people still watch this channel.
- 26:36That is crazy Kaku. Yeah, well I've been an out of that
- 26:41one, okay, kind of on and off, you know, so you
- 26:44know I like it, but you know, you can only hold so many
- 26:47meme tokens, remember DCA like that, Jeff Wolf. Everybody's going and Flow
- 26:52is on sale. Let's go back and look at Flow because that's one that
- 26:55I am on that is in our lower group of ms I tokenes. And
- 27:00you are right, Flow is on sales. See I look at Flow,
- 27:03I just kind of imagine that I'd don't own it right now because it has
- 27:08seen some pretty significant fall off right here, but it's getting ready to move
- 27:11into a zone of round four cents that would be our Yeah, forty seven
- 27:17forty two cents, that would be wow, that is definitely at the bottom.
- 27:22Blow may be a that may be one that we might want to re
- 27:25enter it. I'll take a look at that one, all right, What
- 27:26else do we have? Fact that that alts have seen fifty percent down from
- 27:30their highs and Bitcoin is at sixty five? Is four or fine? But
- 27:33I still believe this bull market is far from over. Well, this is
- 27:37the question mark that everybody's asking. Is this a different bull market than ones
- 27:44in the past. That is a real question that I think a lot of
- 27:48analysts are really starting to try to understand because if Bitcoin does start moving aggressively,
- 27:55how will these alts respond and will we see these multi x numbers?
- 28:00Because I think that's the concern right now, is that will the multi x
- 28:04numbers and gains come back into the all coins If we see Bitcoin and ethereums
- 28:11truly get a nice little run, we'll see am I still in am I
- 28:18still in gallant? No, I'm not in gallant thoughts on where that is
- 28:21going this bull run. I don't even follow that project any longer. You
- 28:23know, there's been so much change over in their mission and their team and
- 28:27their you know, their whole vision. It just has been one that's off
- 28:30the radar. We delisted it from the MSI about a year ago, so
- 28:34it's been quite a while. Audio is another one that is of course flying
- 28:38around out there on the Salona ecosystem. It is also down back at a
- 28:44position if you like it, thirteen. That might be a play on audio
- 28:49audius. If you guys are looking at that one, what else do we
- 28:52have in there? That is pretty much it. Looking at the S and
- 28:56P still continuing to just fly. Look at that S and P fifty forty
- 29:00two. That's another I guess today is going to close it another all time
- 29:03high. So quite a bit going on there, all right, Root Network,
- 29:07Yes, I like that one. It's hard to get to, but
- 29:10I think that'll change a little bit with the just Ease. We've had the
- 29:14team on to kind of talk about that to a certain extent when you think
- 29:18about what's happening in the future verse and everything over there. All right,
- 29:21guys, if you are not subscribed to the channel, make sure and get
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- 29:41Drop your wallet addresses in there because we're doing some air drops which are
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- 29:48simple. Follow me on X it's just at Paul Baron. We'll catch you
- 29:51next time right here on tech Path, yeah,