November 22, 2024 • 29 mins
In a Friday post on the X social media platform, Galaxy Digital CEO Mike Novogratz said that Bitcoin approaching the $100,000 level was "a big moment." Earlier today, the leading cryptocurrency by market capitalization hit a new record high of $99,742.
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Guest: Evan Aldo
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00:00 Intro
00:08 Sponsor: Margex
01:56 XRP exploding
04:25 Solana ETF rumors heating up
07:40 $MSTR vs $BTC
10:30 Wen BTC pullback?
13:35 BTC vs OTHERS
16:00 SUI x Franklin Templeton
18:22 Ethereum interest hits all-time high
20:01 Ethereum price prediction
22:25 AVAX to $40 soon
24:32 Cardano open interests soars
26:38 DOGE eyes new highs
29:08 Outro
#Bitcoin #Crypto #XRP
~Bitcoin $100k + Altcoin Technical Analysis w/ @EvanAldo ~
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~This episode is sponsored by Margex~
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Guest: Evan Aldo
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20% off Evan Aldo Course ➜ https://bit.ly/EvanCourse ➜ Use code "paulbarron"
00:00 Intro
00:08 Sponsor: Margex
01:56 XRP exploding
04:25 Solana ETF rumors heating up
07:40 $MSTR vs $BTC
10:30 Wen BTC pullback?
13:35 BTC vs OTHERS
16:00 SUI x Franklin Templeton
18:22 Ethereum interest hits all-time high
20:01 Ethereum price prediction
22:25 AVAX to $40 soon
24:32 Cardano open interests soars
26:38 DOGE eyes new highs
29:08 Outro
#Bitcoin #Crypto #XRP
~Bitcoin $100k + Altcoin Technical Analysis w/ @EvanAldo ~
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Join our community!
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Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:05):
My name is Paul Barren. Welcome back in the tech path.
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Speaker 2 (01:21):
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Speaker 1 (01:23):
I want to bring in mister evan Aldo and we'll
break down some coins today.
Speaker 2 (01:26):
How are you man.
Speaker 3 (01:29):
Doing? Fantastic? You know, it's a good day when you
get the whale on the back right there.
Speaker 2 (01:33):
So let's see that you have right on hundred k.
Speaker 3 (01:36):
I like it, and they hit that one hundred k
on the lives on this recording, so it is surreal.
It's it's really surreal. You know, we've only been waiting
for this day for some people have been waiting for
this for many years now, so it's four years.
Speaker 1 (01:49):
Fantastic, Yeah, says twenty twenty one about this time too,
in twenty twenty one. So let's go over and take
a look at XRP. XRP absolutely flying up the charts
right now, thirty percent in the last twenty four hours
at this time, right now, setting at a dollar forty six.
Many people are looking at this possibly even a two
(02:10):
dollars uh XRP. I that's crazy to say, but we
could see a two dollar XRP. Evan, what is your
opinion right now on XRP and where this might be going.
Speaker 3 (02:21):
Let's take a look. So XRP has you know, come
out of the depths of you know, I don't want
to say it, but this thing has you know, just
finally broken upward and I mean just been some basic
ta out of this you know triangle pattern, basic triangle
pattern that we've been in for a long long time,
many years. Now you got to target all the way
up at six dollars. Now, that could be a good
(02:42):
goal for the next thing. You could maybe get that
from a dollar forty five right here? What is that?
That's about three hundred percent so nothing too crazy. I
think that's a realistic goal for the end of twenty
twenty five. Now to answer your question, two dollars by
the end of the day, I think that's a little
bit to way. Yeah, too optimistic. A dollar sixty eight
(03:03):
not not too more realistic, more realistic. So yeah, I
think potentially jumping up a little bit higher we're you know,
dollar fifty, a little bit of commotion year, a little
bit consolidation, but I think you're generally, you know, kind
of home free for a lot of these looking like
some good continuation on the sixteen hour. If you could
break through that dollar sixty six, then I mean my
(03:24):
next FIB level. Yeah, I mean, if you could eat
all time highs around two dollars, that'll prank give me
some trouble, But I mean, yeah, I think you're probably
at least going to get up to three, you know,
to ninety this FIB level by sometime next year. I mean,
I'm pretty bulli from XRP. You know, do I think
XRP is going to be the best coin to buy
right now? A lot of other things, No, I mean,
(03:44):
most of the people that are invested in this are
getting dentures and they're in wheelchairs, so I mean.
Speaker 1 (03:49):
Well or easy easy, easy, Well they've been they've had
the RP. Yeah, you're holding it for so long, that's
for sure. The good thing about XRP is I have
a feeling that Brad garling House and his team have
some things lined up for sequential releases in early twenty
twenty five that might be a lined up with the
(04:12):
new Trump administration, so be on the lookout for some
things happening around that. That's the only reason I'm still
really very positive at where xrp's potential is. Eleanor Tarrett
came in with a scoop today. Obviously we know that
there's talks right now between the SEC and issuers right
now to launch a sole spot ETF if this actually
(04:33):
goes through, which there are some S one applications according
to people who are working with that, and there's a
good chance they could see some nineteen B four filings,
which basically means they're getting an ETF ready to launch.
And you look at the players right here, it's all
the typicals, but you've got van Eck, you got twenty
one shares in there, canaries in there.
Speaker 2 (04:53):
But bit wise, of course.
Speaker 1 (04:55):
Matt Hogan and his team, I think that one will
be a good one.
Speaker 2 (04:58):
That will be a question.
Speaker 1 (05:00):
I think that could really accelerate Solana maybe into that
next level of maybe three hundred bucks, maybe all the
way up to four hundred. Do you see a top
right now on Solana? What's your opinion.
Speaker 3 (05:15):
I don't see any significant top at the moment. You know,
we are hitting one significant point two sixty six. I
don't think it's gonna be you know, that bad here
as you can see kind of your you know, coming down,
you may get a bear dive that brings down a
little bit. We haven't exactly hit that level though, but
I could see some consolidation. I mean, you're coming up
(05:36):
a lot. There's gonna be some type of pullbacks. I mean,
it would be healthy to come back to two on
nine maybe and then jump up to that four hundred mark.
This is a huge mark right here. I got it
labeled out former December eleventh. So over the next two
three weeks, if we can stay good, I think the
most optimistic goal would be around four hundred, you know,
by that time, potentially long term. I mean, I don't
(05:59):
think you're gonna go I mean, I don't think you're
gonna go up to one thousand for this. I mean
I think that my kind of area is that you
may see you know, a sideways kind of once that
etf and stuff comes into fruition, more of a sideways
you know, the news has already played out and maybe
coming up to you know that six hundred seven hundred
into the end of the year. So I mean probably
(06:20):
a three x two to three x would be my
goal for this in the long term. Let's be real.
I mean, it's a large market cap. It's a one
hundred and twenty billion dollar market cap. Do we think
it's going to go up to five hundred billion? Probably not,
But can it go up to three hundred billion or
a little bit more in that probably I think that's
a good goal. So yeah, I mean short term, I
could see some consolidation. I think you're inevitably going to
hit this three sixty mark and then that four hundred mark,
(06:42):
hopefully by the end of the year.
Speaker 1 (06:44):
Here, So you're saying two to three X on Solana
is the potential wind of for for Saul, you know,
I think so at five hundred to seven fifty.
Speaker 3 (06:56):
That's that's what I think in that range is that's
what I think. So I could be wrong. I hope
I'm wrong. I mean, you know, a thousand dollars would
be nice, but I think that's a little bit too optimistic.
Speaker 2 (07:05):
Too optimistic. Well, we'll see.
Speaker 1 (07:06):
I mean, there could be some very interesting things that
happen around the ETF that didn't happen with the big
or excuse me, the ETF, which I think is still something.
We are going to break down ether and bitcoin for
you guys, so stick around on that. By the way,
if you guys haven't subscribed, right now is a good
time just jump in. Right now we hit the eight
hundred k mark, so we want you to subscribe. Be
(07:28):
part of it because we're getting a lot of new viewers,
in fact, almost pacing our existing viewers, which is great.
So welcome to the channel. I appreciate you guys coming in.
Another thing I want to hit on right here is
what's happening with micro Strategy and let me kind of
zoom up on this so you can.
Speaker 2 (07:43):
Read it a little bit better.
Speaker 1 (07:45):
Retail investors now bought forty two million worth of micro
Strategy MSTR on Wednesday, marketing the largest daily retail buy
eight times higher than the daily average that was seen
in October. That's basically eighty seven million worth of Come
and He shares. Now what's happening is then Master is
coming in and they're going in and possibly selling some
(08:08):
stock and also going in and leveraging against that for
acquiring a new bitcoin. My question to you is which
is the better play, Master or Bitcoin. I want to
play a clip for you before you answer that, and
we'll go to Kramer because he's going to give us
his opinion.
Speaker 2 (08:24):
Take a look.
Speaker 4 (08:26):
All right, So here's here's the deal. I've owned this
stock for a long time, since twenty twenty three. I'm
up over one thousand percent right now. I don't plan
on selling it. In fact, after today's correction, I plan
on buying more. But I love what the CEO does.
He's a man, the myths, the legend, Michael Saylor. The
stock is Micro's strategy.
Speaker 3 (08:44):
What do you you go?
Speaker 5 (08:46):
Mstr? We used to call that mister Mstr. I've got
to tell you it's a bitcoin play. I prefer to
actually on bitcoin. I know that shit, try and put
some sort of short on it. All I can tell
you is own bitcoin. That's a winner, and that Lenny
Jump's conclusion of the the.
Speaker 1 (09:02):
Lightning round back from Kramer. I don't know if I
would go in versus Kramer on this right now or not.
But do you like Bitcoin better than Master right now?
I mean, because many people may look at if you
bought bitcoin today, there's only so much upside.
Speaker 2 (09:17):
What's your opinion?
Speaker 3 (09:19):
I kind? I mean, I don't agree with Kramer. I
don't agree. I think, I mean, it depends. There's a
time and a place for everything. But I think as
we get into twenty twenty five, where alts tend to
do better, where things that are a little bit more
volatile tend to do better, I would probably guess that
micro strategy would do a little bit better. Now let's
let me just look at that chart. Now, let's look
(09:41):
at MicroStrategy versus Bitcoin right now, and it's outperformed it
since June of twenty two, since that bottom there. Now,
it's generally bled a lot against Bitcoin throughout those areas.
But I mean, you got to realize he wasn't buying
bitcoin until I forget exactly when they got in. But
since they bought bitcoin, it has gone up. So it
looks good here. You know, I think you might be
(10:02):
able to outperform Bitcoin by least from where we are
right now. Let's see pay at least another fifty percent
over the next year.
Speaker 2 (10:12):
Looks likely interesting.
Speaker 3 (10:13):
You know, I would have to keep an eye on
these charts, but I would view it as an all coin.
You know, most likely a lot of them are going
out perform Bitcoin over the next eleven twelve months. And
you know, usually if you bet against whatever Kramer says,
usually or right. Not always though, But yeah, so.
Speaker 2 (10:30):
Evan, I got a question for you.
Speaker 1 (10:32):
This is something that is a thesis that I've been
looking at for some time, and that is, do we
get a little bit of a sell the news event
on bitcoin as it as it reaches one hundred k
goes in to say January, we could be at somewhere
between one ten one point fifteen into the Trump inauguration.
(10:53):
At that point, do you think that we would see
a retracement on bitcoin? Because I believe we might see
it come back under one hundred k again, maybe all
the way down to maybe eighty or ninety after Trump
is inaugurated, and at that time it's going to be
money flowing into all coins.
Speaker 2 (11:12):
What's your thought on that theory?
Speaker 3 (11:15):
If history repeats, we will see exactly that, Paul. Yeah,
that's what we saw kind of last time, the January
kind of thaw down where bigcoin crashed and surprisingly the
majority of alts didn't crash is badly. And let me
show you in the chart. I'll kind of map that
out a little bit for you here, which is what
I'll show you kind of what I think is going
to happen on our daily time frame. So we're approaching
(11:36):
a huge, huge area. I marked out one hundred K,
but really one hundred K isn't the biggest area on
my chart. I have one oh six K, and then
all the way up to what you mentioned. Yeah, maybe
one hundred and thirty K high one hundred and twenties
at the appsolute. This is kind of the max that
could potentially see us at the end of the year
one hundred and thirty K. But say we get up
to let's just be a compromise, meet in the middle.
(11:59):
They we're at into year one twenty or something end
of December, then you come back down thirty percent, correction
would be eighty six. I would assume your correction would
probably be at least twenty percent down, like ninety five
playing around at that hundred mark, and then potentially I
just can't believe I'm saying numbers these big looking at
the TA is just insane. Down to one hundred crash
(12:19):
down to one hundred, I'm just saying, but yeah, twenty
eight percent down. So I would guess, yeah, if you
were to come down to I mean this is my
kind of guess here, some consolidation boring this with the
holiday and then maybe that January thaw that we've seen,
you know, in the four year cycle each time, I believe,
and then a big kind of buy opportunity. In all likelihood,
(12:40):
I would be buying alls heavily right here if I
have any cash left. If I don't and it's already
in alts, that's good too, just hold on to it.
But not financial advice. But I think this is going
to be the big kind of place in January. If
we come down below one hundred king January, that's where
all it's likely will crash less than bitcoin and they
will continue to perform bitcoin for the next.
Speaker 1 (12:59):
Eleventh Okay, So that is something that I'm watching, is
that if you do see bitcoin, let's say it blasts
through one hundred ko, because that'll be a resistance area.
But we could see some additional because timing wise, it's
set up right in the sense of if you could
have mapped this out, it's perfect to go into the
inauguration January twentieth and potentially see a retracement off that.
(13:22):
Here's my real question is when you look at you know,
because right now I look at trying. You know, I
still put a lot of cash on the sideline always
for dips and potential entries. Most of the also have
been moving somewhat slow, and we'll take a look at
Avalanche as a good example only here recently, Cardonal which
we'll also look at XRP, which we've looked at, and
(13:44):
SWEE also starting to stall. All of these could be
facing maybe I retracement down if Bitcoin does fall. And
my point is if Bitcoin comes down twenty percent, could
alts be affected even more than twenty percent before we
see that all coin run.
Speaker 3 (14:04):
If history repeats itself, no, the majority of them will
outperform Bitcoin on the way down. And let me actually
show you a chart real quick though explains that. Look,
if we go to where is it right now, I'll
get it up others versus Bitcoin right here. I believe
I circled out the area here. Okay, that'sh it's gone.
(14:27):
But anyway, I'll just show you exactly where it was.
Others right here exactly four years ago, bottomed out in
December twenty twenty. Look at what happened through that pullback.
We had a pullback in January around here. All coins
as a whole, everything outside of the top ten in
market cap outperformed Bitcoin by a lot, by one hundred
(14:49):
and thirty seven percent throughout that pullback, and continued to
do so all the way until January, essentially beginning of
January twenty two to two, big peak for it. With
May of twenty one, as we know, same exact thing happened.
If we go to Oh yeah, I circled it right
here December of twenty sixteen, and I believe I could
be wrong, correct me if our arm, but I believe
(15:10):
there was a pullback in January or some point in
the beginning of twenty seventeen. I think it was in
January or February. Throughout all that all coins still performed
Bitcoin by hundreds of percentages, so a lot there. So
if history repeats itself. Now there's meme coins and other
nonsense out there that obviously could go to zero. I'm
sorry if your peanut the scroll goes to zero, but
(15:32):
I mean the majority of all coins well should yeah, yeah.
Speaker 1 (15:38):
You've made enough nuts out there, it's time to sell
the peanut.
Speaker 2 (15:42):
There's a handful, though I think there's some.
Speaker 1 (15:44):
There's a lot of memes yet to be defined that
are going to most likely be winners on this and
most likely we'll see maybe another meme that could dethrone
Doge and we'll.
Speaker 2 (15:55):
Talk about Doge. But I want to jump to Swee
for a second.
Speaker 1 (15:58):
Sweet Foundation enter into a strategic partnership now with Franklin Templeton.
This is a pretty big deal for Sweet. And you know,
when you look at Swee, originally many people were looking
at this token and we're still kind of looking at
as an alternative. But if you look at what's happening
now is we're seeing this almost become an alternative to Solana.
(16:21):
Many people look at Sweet and Solana as being maybe
a leverage play. When you look at Sweet right now,
do you like this as an entry as it sets today?
If you were investing in this versus say the other
high margin tokens like Solana, which has also moved up significantly,
which one would you pick?
Speaker 2 (16:41):
And what does the chart show?
Speaker 3 (16:44):
Well? I think the number one thing we got to
realize that people lose a lot of money with is
picking just one coin. It's all about diversification. So if
I were to pick Suiey versus Solana, it would be tough.
I mean it depends how much risk I want to take.
Do I want to get a ten X, I would
pick suey sweet or excuse me sweet if I want to
just get a safer two or three X, so it
obviously picks the lon. It depends on my risk tolerance.
(17:05):
You definitely have you know, better odds with getting more
with SWEE, But there's gonna be a little bit more
risk there, given that we're in you know, that rare time,
that rare year, twenty twenty five post having year. Most
likely if you pick SWEE, it will do better than
Solana over the course of the next eleven months. Is
that guaranteed? Of course not, But I think you got
a good shot at I think it's pretty inevitable to
(17:26):
at least double from here, get up to seven dollars.
After that, we could draw you know, we can mess
with other FIB levels and stuff. I mean, it's in
price discovery mode. Let's see what else we could do.
We could try to do a FIB from there to
there that kind of gives us the same area. You
get to kind of mess around with this a little bit.
We could Oh, let's see, we could do from the
inception of it all the way down here, you can
(17:48):
get some high numbers. Fourteen dollars that would be pretty crazy.
Ten dollars, that's an obvious point. Let's see what those are.
I mean three hundred percent would be average. Okay, so
three hundred percent I think the average all can do
something around there. I would have to relook at this
at fifteen dollars. I mean a lot has already happened
with this, so it's up six hundred percent. My goal
(18:09):
on this would be around fifteen dollars. That's what I'd
be kind of looking at. Can Salana do that? Probably not?
So to answer your question, I think Sue is probably
nothing promised, but probably the better bet there.
Speaker 2 (18:21):
Theoreum is on the move again.
Speaker 1 (18:23):
Futures and open interest hits a new all time high
over twenty bill, possibly a bullish moment for eth. Do
you think that this is the bullish moment because we've
been faked out here before at thirty five hundred? Is
this another fake out on ethereum?
Speaker 3 (18:41):
I don't think it's a fake out. Well, it's you know,
I think we're kind of as long as we can
hold this area. I don't think it's a fake out.
Right around thirty three hundred. I mean, if we're going
to lose this, you know, badly, then then you could
kind of get your fake out. But I think that,
I think that you're going to be inevitably right by
the end of the year shot up to thirty eight hundred.
That's my kind of goal. Thirty eight three nine hundred
(19:01):
this line right here, and a year is excuse me,
my goal for it. I mean, it looks good in
your your higher timeframes. It's look good for a while now,
and it's you know, finally starting to see the light
of day. A little bit trigger wave up on your
two week that looks great. I mean, macro looks really
good green dot in your three week right there. So yeah,
I mean I think it's generally going to be really good.
(19:22):
I mean, if you do fall down and reject from
this level, I mean, I guess you could retest twenty
eight hundred. It's absolutely possible if everything does come down.
I kind of don't think you will, but you could
do something like that. That's obviously, you know, I mean
the volatility of it. But I think inevitably and a
year would be kind of my goal for you know that.
(19:42):
Thirty six yeah, four thousand right there in that point,
so you could hit that that area. I mean, it's
hard to map it out in terms of time. You know,
this could take up to maybe February to hit that
four thousand, but you're going to go up. In all
likelihood it would be high liven like that.
Speaker 2 (19:57):
You what's your prediction for ETH on this bull run?
Speaker 3 (20:04):
They'll show you exactly where it. Yeah, let me map it. Eyes,
I got it. I got a good way to show
you that. It's around seven eight thousand, but I think
it's gonna follow. I believe it's this this general So
the absolute low end around the old all time high.
That would be worst case scenario where he just doesn't
(20:24):
give us what we need. The high the absolute high
end would be around eight thousand right here, I think.
I mean, I guess it's possible to go up to
nine thousand. I think that's kind of unlikely, though. Eight
thousand would be the high end, middle range, you know,
six thousand, those kind of areas right there. But if
I had to guess, I'm kind of optimistic on ETH
maybe maybe eight thousand.
Speaker 2 (20:45):
From where we are, and you're holding to eight, we
get this question a lot.
Speaker 1 (20:49):
You're holding ETH right now, you're an investor, maybe it's
a sizeable position of your portfolio. Would you detach from
ETH as it is right now, already four hundred round
and play it into another big mover for better gains?
Speaker 2 (21:08):
Would you run that risk?
Speaker 3 (21:09):
I would not. I would not put it into just
one big mover for better Okay, So yes, all right,
But I would put it into diverse of it. Yeah, yeah,
I would put it into a lot of different things,
because we know from experience that things change with coins.
So yeah, I think in all likelihood something like Cardano
will probably perform ETH. I know that Avax will probably
(21:30):
up perform Solana will probably perform Eath by at least
a little bit over next Leven. Okay, I could go
on maddic you know, yeah, yes, And so in all likelihood, yes,
all coins will be interesting.
Speaker 1 (21:39):
All right, So there you go. So Eth as an
alternative player. That's why I'm concerned about ETH running in
this bull run because it has been such a laggard.
I think people now see where the players are and prior,
you know, we we only had a handful of winners
in the last cycle where ETH was running, and it
became kind of the stock and only did Salona kind
(22:02):
of snuck in under the gun. You know, Cardono hit
three bucks. Okay, that one was an expected run, but
I think a lot of people were banking on eight
and it did its job. You know, it did do
a great job coming from a thousand dollars forty five hundred.
Speaker 2 (22:15):
So that's the question mark.
Speaker 1 (22:17):
Now it's the timing for eth in this cycle as
opposed to some of these other tokens. Speaking of the
other tokens, I want to jump over to Avalanche. Avalanche
is now over forty dollars. Again, we're hovering at that
as a time of recording some of the things that,
of course happened. They got the Off the Grid thing going,
which has been absolutely historic, and they're going to have
(22:42):
these huge game ecosystems I think starting to surround what's
happening within Off the Grid. And I don't think this
one's completely done. I think Off the Grids has still
got a lot more run time in terms of exposure
and the likelihood of it being you know, a top game,
being a Web three game is just amazing with avas
(23:02):
and you look at the chart and where it's holding
right now around forty dollars, which is a great gain
almost I think it was almost eighteen percent on mine.
I had had the chart up here just a second
ago on the close to where we are right now,
seventy almost eighteen percent on growth in the last two days.
Speaker 2 (23:20):
So what's your position right.
Speaker 1 (23:21):
Now on avalanche long term?
Speaker 3 (23:26):
It's really bullish. I mean we're not even just look
at our yearly high sixty dollars, so there's more room.
There's absolutely room, and that would be a good goal
by the end of the year, getting up to the
sixty dollars mark. I mean, if you look at high
time frames, like a lot of other things. Right now,
you got your trigger wave on the three week I believe, Yeah,
it looks like the first time ever, so very rare
bulish sign that could easily bring us up to the
(23:48):
sixty dollars mark. Now, if you can get up there
and hold that, then you're looking at potentially new all
time highs around that one twenty or more. If you
can make new all time highs. The big area I'm
looking at is two thirty all the way up to
six three sixty eight, and if we look at where
that is from right now, five hundred percent all the
way up to maybe if the stars aligned in the
(24:11):
right way, nine to ten x from work.
Speaker 1 (24:14):
So you're still saying that is avax is a ten
x token from where it is today.
Speaker 3 (24:19):
If the stars aligned, if everything goes, but if everything
goes in the best possible way.
Speaker 1 (24:26):
Yes, all right, so you've been bragging about you've been
bragging about Cardinal. We got to take a look at
the chart Cardono open interest stores almost fifteen percent.
Speaker 2 (24:35):
This hits a new high.
Speaker 1 (24:37):
Uh, this is a cool thing because Cardano, I think,
has been one of those what was that almost eight
hundred almost nine million, eight hundred and fifty million worth
of eight to right now over seven hundred and sixty
one million actually in value. So when you look at
Cardono and where it is, I'm kind of zoom up
on that. So you guys get those data points. You
look at Cardono and what it did in the last run.
(24:59):
Remember that its rally in the last run took it
up considerably into that three dollars token. It was one
of it was one of my biggest winners. Your point
right now, do you think it overtakes it's three dollars
high from twenty twenty one?
Speaker 3 (25:18):
Probably you got a good chance. I mean, I don't
know that's a million dollar question, Paul, but I mean
you got a good chance at it. Yeah. I mean
when we look at the chart, you know, you broke
up off of this area, you know, this big range
that we've been in for years. You have one target
right around here, you know, mid twos. If you can
break above that, then theoretically your next big place is
(25:39):
going to be around five dollars high. For you got
a giant trend line all the way up at eight dollars.
I mean that was some prediction people have last cycle.
Eight dollars. Yeah, that's seven hundred percent from where we
are right now. So to answer your question, it's possible.
I would think the worst case scenario is probably two
dollars and twenty sense for this. So yeah, yeah.
Speaker 1 (26:02):
I know there's a lot of argument out there from
cryptogs that would say, why why go Cardona when there's
so many other you know, fast moving tokens, a lot
more partnerships, all these other things. And I think when
you look at the community, because this is this something
that we talk about here on our channel quite a bit,
is community and culture within crypto is a big part
(26:23):
of why a lot of these tokens run at specific times.
Just take a look at XRP and where it's going.
This is pent up demand for a very rabid community,
so it definitely has an opportunity. Another rabid community out there,
speaking of dogs, is doche coin, and this, of course.
Speaker 2 (26:40):
Is eyeing a new high.
Speaker 1 (26:42):
Some people are saying two dollars and forty I mean,
come on, two dollars and forty cents for doge coin,
Come on, give me, give me a break. Is there
any possibility we can see that kind of high?
Speaker 3 (26:56):
So typically when I see outrageous numbers, I divide them
by two or three and my charts will reflect that.
When we look at doge coin, the two big areas
I have right now are one seventeen and then one
ninety one. If this is assuming we do make a
new all time high, that's not we probably will at
this point. But you know, anything could happen with this
(27:18):
two hundred percent from where we are as a dollar nineteen,
I think the average all coin can do two to
three hundred percent. Could this get three hundred and sixty
percent up to a dollar ninety? I mean maybe? I
mean it's gonna take time. It's definitely gonna take time,
but I can see it happens. I mean, whether you
like doge coin or not, or just think it's kind
of a you know, it makes crypto look bad, you know,
(27:40):
whatever that may be. But yeah, it's generally explosish. I mean,
you're hitting kind of a big area right here, that
forty cent mark. I mean, it bounced around those general
areas before for a while, so it's gonna take time.
I mean, it could look something more of you know,
we had that big jump up and then a more
diminished you know, the much diminished version of that to
(28:00):
a dollar or more into the end of the year
when everybody gives up, when we're just hovering around old,
old all time highs for a while, or you know,
it's not going to be it's gonna be a bumpy road.
It could be sure, it could be an a bumpy road.
So yeah, but I think it could easily break above
a dollar.
Speaker 1 (28:16):
So yeah, are you following anything right now on the
on the meme market, anything new or any one particular
chain that you're taking a look at, whether it's Solana
or even xrps meme tokens.
Speaker 3 (28:29):
Oh man, I mean there's just there's so many out there. Moodang.
You know, I was in Thailand before you got it.
You get a side of a moodang. You know, maybe
that'll come back. The hippo is getting bigger and fatter though,
so maybe it'll lose relevance a little bit, but maybe
there's more mood dany.
Speaker 1 (28:43):
Everybody's down in the last week, Yeah, down the last week,
down ten percent on the day. There's quite a few
I think that are kind of interesting. Brett is the
one that I'm still watching. I think this one has
a potential to still do some pretty good damage.
Speaker 3 (29:02):
Does look good?
Speaker 1 (29:03):
Yeah, yeah, this one is one that it's still one
of my positions that I.
Speaker 2 (29:08):
Like, be safe out there on the road. When are
you gonna be back in the US?
Speaker 3 (29:13):
Two days? Two days? All right?
Speaker 2 (29:14):
Oh man, get me back in. Well good, we'll be
good to see you. Thanks again for stopping and we
appreciate it. Get some rest.
Speaker 3 (29:22):
I'll see it, thanks, Paul.
Speaker 1 (29:23):
Take care all right, you guys, make sure and jump
in on the Diamond Circle. And it's a great place
to get additional content and you can join our own
private group. It's very easy. We always leave a link
down below that you can get to and follow me
out there on x at Paul Baron. We'll catch you
next time right here on tech Path
My name is Paul Barren. Welcome back in the tech path.
I want to think our sponsor today that is marg x.
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Speaker 1 (01:23):
I want to bring in mister evan Aldo and we'll
break down some coins today.
Speaker 2 (01:26):
How are you man.
Speaker 3 (01:29):
Doing? Fantastic? You know, it's a good day when you
get the whale on the back right there.
Speaker 2 (01:33):
So let's see that you have right on hundred k.
Speaker 3 (01:36):
I like it, and they hit that one hundred k
on the lives on this recording, so it is surreal.
It's it's really surreal. You know, we've only been waiting
for this day for some people have been waiting for
this for many years now, so it's four years.
Speaker 1 (01:49):
Fantastic, Yeah, says twenty twenty one about this time too,
in twenty twenty one. So let's go over and take
a look at XRP. XRP absolutely flying up the charts
right now, thirty percent in the last twenty four hours
at this time, right now, setting at a dollar forty six.
Many people are looking at this possibly even a two
(02:10):
dollars uh XRP. I that's crazy to say, but we
could see a two dollar XRP. Evan, what is your
opinion right now on XRP and where this might be going.
Speaker 3 (02:21):
Let's take a look. So XRP has you know, come
out of the depths of you know, I don't want
to say it, but this thing has you know, just
finally broken upward and I mean just been some basic
ta out of this you know triangle pattern, basic triangle
pattern that we've been in for a long long time,
many years. Now you got to target all the way
up at six dollars. Now, that could be a good
(02:42):
goal for the next thing. You could maybe get that
from a dollar forty five right here? What is that?
That's about three hundred percent so nothing too crazy. I
think that's a realistic goal for the end of twenty
twenty five. Now to answer your question, two dollars by
the end of the day, I think that's a little
bit to way. Yeah, too optimistic. A dollar sixty eight
(03:03):
not not too more realistic, more realistic. So yeah, I
think potentially jumping up a little bit higher we're you know,
dollar fifty, a little bit of commotion year, a little
bit consolidation, but I think you're generally, you know, kind
of home free for a lot of these looking like
some good continuation on the sixteen hour. If you could
break through that dollar sixty six, then I mean my
(03:24):
next FIB level. Yeah, I mean, if you could eat
all time highs around two dollars, that'll prank give me
some trouble, But I mean, yeah, I think you're probably
at least going to get up to three, you know,
to ninety this FIB level by sometime next year. I mean,
I'm pretty bulli from XRP. You know, do I think
XRP is going to be the best coin to buy
right now? A lot of other things, No, I mean,
(03:44):
most of the people that are invested in this are
getting dentures and they're in wheelchairs, so I mean.
Speaker 1 (03:49):
Well or easy easy, easy, Well they've been they've had
the RP. Yeah, you're holding it for so long, that's
for sure. The good thing about XRP is I have
a feeling that Brad garling House and his team have
some things lined up for sequential releases in early twenty
twenty five that might be a lined up with the
(04:12):
new Trump administration, so be on the lookout for some
things happening around that. That's the only reason I'm still
really very positive at where xrp's potential is. Eleanor Tarrett
came in with a scoop today. Obviously we know that
there's talks right now between the SEC and issuers right
now to launch a sole spot ETF if this actually
(04:33):
goes through, which there are some S one applications according
to people who are working with that, and there's a
good chance they could see some nineteen B four filings,
which basically means they're getting an ETF ready to launch.
And you look at the players right here, it's all
the typicals, but you've got van Eck, you got twenty
one shares in there, canaries in there.
Speaker 2 (04:53):
But bit wise, of course.
Speaker 1 (04:55):
Matt Hogan and his team, I think that one will
be a good one.
Speaker 2 (04:58):
That will be a question.
Speaker 1 (05:00):
I think that could really accelerate Solana maybe into that
next level of maybe three hundred bucks, maybe all the
way up to four hundred. Do you see a top
right now on Solana? What's your opinion.
Speaker 3 (05:15):
I don't see any significant top at the moment. You know,
we are hitting one significant point two sixty six. I
don't think it's gonna be you know, that bad here
as you can see kind of your you know, coming down,
you may get a bear dive that brings down a
little bit. We haven't exactly hit that level though, but
I could see some consolidation. I mean, you're coming up
(05:36):
a lot. There's gonna be some type of pullbacks. I mean,
it would be healthy to come back to two on
nine maybe and then jump up to that four hundred mark.
This is a huge mark right here. I got it
labeled out former December eleventh. So over the next two
three weeks, if we can stay good, I think the
most optimistic goal would be around four hundred, you know,
by that time, potentially long term. I mean, I don't
(05:59):
think you're gonna go I mean, I don't think you're
gonna go up to one thousand for this. I mean
I think that my kind of area is that you
may see you know, a sideways kind of once that
etf and stuff comes into fruition, more of a sideways
you know, the news has already played out and maybe
coming up to you know that six hundred seven hundred
into the end of the year. So I mean probably
(06:20):
a three x two to three x would be my
goal for this in the long term. Let's be real.
I mean, it's a large market cap. It's a one
hundred and twenty billion dollar market cap. Do we think
it's going to go up to five hundred billion? Probably not,
But can it go up to three hundred billion or
a little bit more in that probably I think that's
a good goal. So yeah, I mean short term, I
could see some consolidation. I think you're inevitably going to
hit this three sixty mark and then that four hundred mark,
(06:42):
hopefully by the end of the year.
Speaker 1 (06:44):
Here, So you're saying two to three X on Solana
is the potential wind of for for Saul, you know,
I think so at five hundred to seven fifty.
Speaker 3 (06:56):
That's that's what I think in that range is that's
what I think. So I could be wrong. I hope
I'm wrong. I mean, you know, a thousand dollars would
be nice, but I think that's a little bit too optimistic.
Speaker 2 (07:05):
Too optimistic. Well, we'll see.
Speaker 1 (07:06):
I mean, there could be some very interesting things that
happen around the ETF that didn't happen with the big
or excuse me, the ETF, which I think is still something.
We are going to break down ether and bitcoin for
you guys, so stick around on that. By the way,
if you guys haven't subscribed, right now is a good
time just jump in. Right now we hit the eight
hundred k mark, so we want you to subscribe. Be
(07:28):
part of it because we're getting a lot of new viewers,
in fact, almost pacing our existing viewers, which is great.
So welcome to the channel. I appreciate you guys coming in.
Another thing I want to hit on right here is
what's happening with micro Strategy and let me kind of
zoom up on this so you can.
Speaker 2 (07:43):
Read it a little bit better.
Speaker 1 (07:45):
Retail investors now bought forty two million worth of micro
Strategy MSTR on Wednesday, marketing the largest daily retail buy
eight times higher than the daily average that was seen
in October. That's basically eighty seven million worth of Come
and He shares. Now what's happening is then Master is
coming in and they're going in and possibly selling some
(08:08):
stock and also going in and leveraging against that for
acquiring a new bitcoin. My question to you is which
is the better play, Master or Bitcoin. I want to
play a clip for you before you answer that, and
we'll go to Kramer because he's going to give us
his opinion.
Speaker 2 (08:24):
Take a look.
Speaker 4 (08:26):
All right, So here's here's the deal. I've owned this
stock for a long time, since twenty twenty three. I'm
up over one thousand percent right now. I don't plan
on selling it. In fact, after today's correction, I plan
on buying more. But I love what the CEO does.
He's a man, the myths, the legend, Michael Saylor. The
stock is Micro's strategy.
Speaker 3 (08:44):
What do you you go?
Speaker 5 (08:46):
Mstr? We used to call that mister Mstr. I've got
to tell you it's a bitcoin play. I prefer to
actually on bitcoin. I know that shit, try and put
some sort of short on it. All I can tell
you is own bitcoin. That's a winner, and that Lenny
Jump's conclusion of the the.
Speaker 1 (09:02):
Lightning round back from Kramer. I don't know if I
would go in versus Kramer on this right now or not.
But do you like Bitcoin better than Master right now?
I mean, because many people may look at if you
bought bitcoin today, there's only so much upside.
Speaker 2 (09:17):
What's your opinion?
Speaker 3 (09:19):
I kind? I mean, I don't agree with Kramer. I
don't agree. I think, I mean, it depends. There's a
time and a place for everything. But I think as
we get into twenty twenty five, where alts tend to
do better, where things that are a little bit more
volatile tend to do better, I would probably guess that
micro strategy would do a little bit better. Now let's
let me just look at that chart. Now, let's look
(09:41):
at MicroStrategy versus Bitcoin right now, and it's outperformed it
since June of twenty two, since that bottom there. Now,
it's generally bled a lot against Bitcoin throughout those areas.
But I mean, you got to realize he wasn't buying
bitcoin until I forget exactly when they got in. But
since they bought bitcoin, it has gone up. So it
looks good here. You know, I think you might be
(10:02):
able to outperform Bitcoin by least from where we are
right now. Let's see pay at least another fifty percent
over the next year.
Speaker 2 (10:12):
Looks likely interesting.
Speaker 3 (10:13):
You know, I would have to keep an eye on
these charts, but I would view it as an all coin.
You know, most likely a lot of them are going
out perform Bitcoin over the next eleven twelve months. And
you know, usually if you bet against whatever Kramer says,
usually or right. Not always though, But yeah, so.
Speaker 2 (10:30):
Evan, I got a question for you.
Speaker 1 (10:32):
This is something that is a thesis that I've been
looking at for some time, and that is, do we
get a little bit of a sell the news event
on bitcoin as it as it reaches one hundred k
goes in to say January, we could be at somewhere
between one ten one point fifteen into the Trump inauguration.
(10:53):
At that point, do you think that we would see
a retracement on bitcoin? Because I believe we might see
it come back under one hundred k again, maybe all
the way down to maybe eighty or ninety after Trump
is inaugurated, and at that time it's going to be
money flowing into all coins.
Speaker 2 (11:12):
What's your thought on that theory?
Speaker 3 (11:15):
If history repeats, we will see exactly that, Paul. Yeah,
that's what we saw kind of last time, the January
kind of thaw down where bigcoin crashed and surprisingly the
majority of alts didn't crash is badly. And let me
show you in the chart. I'll kind of map that
out a little bit for you here, which is what
I'll show you kind of what I think is going
to happen on our daily time frame. So we're approaching
(11:36):
a huge, huge area. I marked out one hundred K,
but really one hundred K isn't the biggest area on
my chart. I have one oh six K, and then
all the way up to what you mentioned. Yeah, maybe
one hundred and thirty K high one hundred and twenties
at the appsolute. This is kind of the max that
could potentially see us at the end of the year
one hundred and thirty K. But say we get up
to let's just be a compromise, meet in the middle.
(11:59):
They we're at into year one twenty or something end
of December, then you come back down thirty percent, correction
would be eighty six. I would assume your correction would
probably be at least twenty percent down, like ninety five
playing around at that hundred mark, and then potentially I
just can't believe I'm saying numbers these big looking at
the TA is just insane. Down to one hundred crash
(12:19):
down to one hundred, I'm just saying, but yeah, twenty
eight percent down. So I would guess, yeah, if you
were to come down to I mean this is my
kind of guess here, some consolidation boring this with the
holiday and then maybe that January thaw that we've seen,
you know, in the four year cycle each time, I believe,
and then a big kind of buy opportunity. In all likelihood,
(12:40):
I would be buying alls heavily right here if I
have any cash left. If I don't and it's already
in alts, that's good too, just hold on to it.
But not financial advice. But I think this is going
to be the big kind of place in January. If
we come down below one hundred king January, that's where
all it's likely will crash less than bitcoin and they
will continue to perform bitcoin for the next.
Speaker 1 (12:59):
Eleventh Okay, So that is something that I'm watching, is
that if you do see bitcoin, let's say it blasts
through one hundred ko, because that'll be a resistance area.
But we could see some additional because timing wise, it's
set up right in the sense of if you could
have mapped this out, it's perfect to go into the
inauguration January twentieth and potentially see a retracement off that.
(13:22):
Here's my real question is when you look at you know,
because right now I look at trying. You know, I
still put a lot of cash on the sideline always
for dips and potential entries. Most of the also have
been moving somewhat slow, and we'll take a look at
Avalanche as a good example only here recently, Cardonal which
we'll also look at XRP, which we've looked at, and
(13:44):
SWEE also starting to stall. All of these could be
facing maybe I retracement down if Bitcoin does fall. And
my point is if Bitcoin comes down twenty percent, could
alts be affected even more than twenty percent before we
see that all coin run.
Speaker 3 (14:04):
If history repeats itself, no, the majority of them will
outperform Bitcoin on the way down. And let me actually
show you a chart real quick though explains that. Look,
if we go to where is it right now, I'll
get it up others versus Bitcoin right here. I believe
I circled out the area here. Okay, that'sh it's gone.
(14:27):
But anyway, I'll just show you exactly where it was.
Others right here exactly four years ago, bottomed out in
December twenty twenty. Look at what happened through that pullback.
We had a pullback in January around here. All coins
as a whole, everything outside of the top ten in
market cap outperformed Bitcoin by a lot, by one hundred
(14:49):
and thirty seven percent throughout that pullback, and continued to
do so all the way until January, essentially beginning of
January twenty two to two, big peak for it. With
May of twenty one, as we know, same exact thing happened.
If we go to Oh yeah, I circled it right
here December of twenty sixteen, and I believe I could
be wrong, correct me if our arm, but I believe
(15:10):
there was a pullback in January or some point in
the beginning of twenty seventeen. I think it was in
January or February. Throughout all that all coins still performed
Bitcoin by hundreds of percentages, so a lot there. So
if history repeats itself. Now there's meme coins and other
nonsense out there that obviously could go to zero. I'm
sorry if your peanut the scroll goes to zero, but
(15:32):
I mean the majority of all coins well should yeah, yeah.
Speaker 1 (15:38):
You've made enough nuts out there, it's time to sell
the peanut.
Speaker 2 (15:42):
There's a handful, though I think there's some.
Speaker 1 (15:44):
There's a lot of memes yet to be defined that
are going to most likely be winners on this and
most likely we'll see maybe another meme that could dethrone
Doge and we'll.
Speaker 2 (15:55):
Talk about Doge. But I want to jump to Swee
for a second.
Speaker 1 (15:58):
Sweet Foundation enter into a strategic partnership now with Franklin Templeton.
This is a pretty big deal for Sweet. And you know,
when you look at Swee, originally many people were looking
at this token and we're still kind of looking at
as an alternative. But if you look at what's happening
now is we're seeing this almost become an alternative to Solana.
(16:21):
Many people look at Sweet and Solana as being maybe
a leverage play. When you look at Sweet right now,
do you like this as an entry as it sets today?
If you were investing in this versus say the other
high margin tokens like Solana, which has also moved up significantly,
which one would you pick?
Speaker 2 (16:41):
And what does the chart show?
Speaker 3 (16:44):
Well? I think the number one thing we got to
realize that people lose a lot of money with is
picking just one coin. It's all about diversification. So if
I were to pick Suiey versus Solana, it would be tough.
I mean it depends how much risk I want to take.
Do I want to get a ten X, I would
pick suey sweet or excuse me sweet if I want to
just get a safer two or three X, so it
obviously picks the lon. It depends on my risk tolerance.
(17:05):
You definitely have you know, better odds with getting more
with SWEE, But there's gonna be a little bit more
risk there, given that we're in you know, that rare time,
that rare year, twenty twenty five post having year. Most
likely if you pick SWEE, it will do better than
Solana over the course of the next eleven months. Is
that guaranteed? Of course not, But I think you got
a good shot at I think it's pretty inevitable to
(17:26):
at least double from here, get up to seven dollars.
After that, we could draw you know, we can mess
with other FIB levels and stuff. I mean, it's in
price discovery mode. Let's see what else we could do.
We could try to do a FIB from there to
there that kind of gives us the same area. You
get to kind of mess around with this a little bit.
We could Oh, let's see, we could do from the
inception of it all the way down here, you can
(17:48):
get some high numbers. Fourteen dollars that would be pretty crazy.
Ten dollars, that's an obvious point. Let's see what those are.
I mean three hundred percent would be average. Okay, so
three hundred percent I think the average all can do
something around there. I would have to relook at this
at fifteen dollars. I mean a lot has already happened
with this, so it's up six hundred percent. My goal
(18:09):
on this would be around fifteen dollars. That's what I'd
be kind of looking at. Can Salana do that? Probably not?
So to answer your question, I think Sue is probably
nothing promised, but probably the better bet there.
Speaker 2 (18:21):
Theoreum is on the move again.
Speaker 1 (18:23):
Futures and open interest hits a new all time high
over twenty bill, possibly a bullish moment for eth. Do
you think that this is the bullish moment because we've
been faked out here before at thirty five hundred? Is
this another fake out on ethereum?
Speaker 3 (18:41):
I don't think it's a fake out. Well, it's you know,
I think we're kind of as long as we can
hold this area. I don't think it's a fake out.
Right around thirty three hundred. I mean, if we're going
to lose this, you know, badly, then then you could
kind of get your fake out. But I think that,
I think that you're going to be inevitably right by
the end of the year shot up to thirty eight hundred.
That's my kind of goal. Thirty eight three nine hundred
(19:01):
this line right here, and a year is excuse me,
my goal for it. I mean, it looks good in
your your higher timeframes. It's look good for a while now,
and it's you know, finally starting to see the light
of day. A little bit trigger wave up on your
two week that looks great. I mean, macro looks really
good green dot in your three week right there. So yeah,
I mean I think it's generally going to be really good.
(19:22):
I mean, if you do fall down and reject from
this level, I mean, I guess you could retest twenty
eight hundred. It's absolutely possible if everything does come down.
I kind of don't think you will, but you could
do something like that. That's obviously, you know, I mean
the volatility of it. But I think inevitably and a
year would be kind of my goal for you know that.
(19:42):
Thirty six yeah, four thousand right there in that point,
so you could hit that that area. I mean, it's
hard to map it out in terms of time. You know,
this could take up to maybe February to hit that
four thousand, but you're going to go up. In all
likelihood it would be high liven like that.
Speaker 2 (19:57):
You what's your prediction for ETH on this bull run?
Speaker 3 (20:04):
They'll show you exactly where it. Yeah, let me map it. Eyes,
I got it. I got a good way to show
you that. It's around seven eight thousand, but I think
it's gonna follow. I believe it's this this general So
the absolute low end around the old all time high.
That would be worst case scenario where he just doesn't
(20:24):
give us what we need. The high the absolute high
end would be around eight thousand right here, I think.
I mean, I guess it's possible to go up to
nine thousand. I think that's kind of unlikely, though. Eight
thousand would be the high end, middle range, you know,
six thousand, those kind of areas right there. But if
I had to guess, I'm kind of optimistic on ETH
maybe maybe eight thousand.
Speaker 2 (20:45):
From where we are, and you're holding to eight, we
get this question a lot.
Speaker 1 (20:49):
You're holding ETH right now, you're an investor, maybe it's
a sizeable position of your portfolio. Would you detach from
ETH as it is right now, already four hundred round
and play it into another big mover for better gains?
Speaker 2 (21:08):
Would you run that risk?
Speaker 3 (21:09):
I would not. I would not put it into just
one big mover for better Okay, So yes, all right,
But I would put it into diverse of it. Yeah, yeah,
I would put it into a lot of different things,
because we know from experience that things change with coins.
So yeah, I think in all likelihood something like Cardano
will probably perform ETH. I know that Avax will probably
(21:30):
up perform Solana will probably perform Eath by at least
a little bit over next Leven. Okay, I could go
on maddic you know, yeah, yes, And so in all likelihood, yes,
all coins will be interesting.
Speaker 1 (21:39):
All right, So there you go. So Eth as an
alternative player. That's why I'm concerned about ETH running in
this bull run because it has been such a laggard.
I think people now see where the players are and prior,
you know, we we only had a handful of winners
in the last cycle where ETH was running, and it
became kind of the stock and only did Salona kind
(22:02):
of snuck in under the gun. You know, Cardono hit
three bucks. Okay, that one was an expected run, but
I think a lot of people were banking on eight
and it did its job. You know, it did do
a great job coming from a thousand dollars forty five hundred.
Speaker 2 (22:15):
So that's the question mark.
Speaker 1 (22:17):
Now it's the timing for eth in this cycle as
opposed to some of these other tokens. Speaking of the
other tokens, I want to jump over to Avalanche. Avalanche
is now over forty dollars. Again, we're hovering at that
as a time of recording some of the things that,
of course happened. They got the Off the Grid thing going,
which has been absolutely historic, and they're going to have
(22:42):
these huge game ecosystems I think starting to surround what's
happening within Off the Grid. And I don't think this
one's completely done. I think Off the Grids has still
got a lot more run time in terms of exposure
and the likelihood of it being you know, a top game,
being a Web three game is just amazing with avas
(23:02):
and you look at the chart and where it's holding
right now around forty dollars, which is a great gain
almost I think it was almost eighteen percent on mine.
I had had the chart up here just a second
ago on the close to where we are right now,
seventy almost eighteen percent on growth in the last two days.
Speaker 2 (23:20):
So what's your position right.
Speaker 1 (23:21):
Now on avalanche long term?
Speaker 3 (23:26):
It's really bullish. I mean we're not even just look
at our yearly high sixty dollars, so there's more room.
There's absolutely room, and that would be a good goal
by the end of the year, getting up to the
sixty dollars mark. I mean, if you look at high
time frames, like a lot of other things. Right now,
you got your trigger wave on the three week I believe, Yeah,
it looks like the first time ever, so very rare
bulish sign that could easily bring us up to the
(23:48):
sixty dollars mark. Now, if you can get up there
and hold that, then you're looking at potentially new all
time highs around that one twenty or more. If you
can make new all time highs. The big area I'm
looking at is two thirty all the way up to
six three sixty eight, and if we look at where
that is from right now, five hundred percent all the
way up to maybe if the stars aligned in the
(24:11):
right way, nine to ten x from work.
Speaker 1 (24:14):
So you're still saying that is avax is a ten
x token from where it is today.
Speaker 3 (24:19):
If the stars aligned, if everything goes, but if everything
goes in the best possible way.
Speaker 1 (24:26):
Yes, all right, so you've been bragging about you've been
bragging about Cardinal. We got to take a look at
the chart Cardono open interest stores almost fifteen percent.
Speaker 2 (24:35):
This hits a new high.
Speaker 1 (24:37):
Uh, this is a cool thing because Cardano, I think,
has been one of those what was that almost eight
hundred almost nine million, eight hundred and fifty million worth
of eight to right now over seven hundred and sixty
one million actually in value. So when you look at
Cardono and where it is, I'm kind of zoom up
on that. So you guys get those data points. You
look at Cardono and what it did in the last run.
(24:59):
Remember that its rally in the last run took it
up considerably into that three dollars token. It was one
of it was one of my biggest winners. Your point
right now, do you think it overtakes it's three dollars
high from twenty twenty one?
Speaker 3 (25:18):
Probably you got a good chance. I mean, I don't
know that's a million dollar question, Paul, but I mean
you got a good chance at it. Yeah. I mean
when we look at the chart, you know, you broke
up off of this area, you know, this big range
that we've been in for years. You have one target
right around here, you know, mid twos. If you can
break above that, then theoretically your next big place is
(25:39):
going to be around five dollars high. For you got
a giant trend line all the way up at eight dollars.
I mean that was some prediction people have last cycle.
Eight dollars. Yeah, that's seven hundred percent from where we
are right now. So to answer your question, it's possible.
I would think the worst case scenario is probably two
dollars and twenty sense for this. So yeah, yeah.
Speaker 1 (26:02):
I know there's a lot of argument out there from
cryptogs that would say, why why go Cardona when there's
so many other you know, fast moving tokens, a lot
more partnerships, all these other things. And I think when
you look at the community, because this is this something
that we talk about here on our channel quite a bit,
is community and culture within crypto is a big part
(26:23):
of why a lot of these tokens run at specific times.
Just take a look at XRP and where it's going.
This is pent up demand for a very rabid community,
so it definitely has an opportunity. Another rabid community out there,
speaking of dogs, is doche coin, and this, of course.
Speaker 2 (26:40):
Is eyeing a new high.
Speaker 1 (26:42):
Some people are saying two dollars and forty I mean,
come on, two dollars and forty cents for doge coin,
Come on, give me, give me a break. Is there
any possibility we can see that kind of high?
Speaker 3 (26:56):
So typically when I see outrageous numbers, I divide them
by two or three and my charts will reflect that.
When we look at doge coin, the two big areas
I have right now are one seventeen and then one
ninety one. If this is assuming we do make a
new all time high, that's not we probably will at
this point. But you know, anything could happen with this
(27:18):
two hundred percent from where we are as a dollar nineteen,
I think the average all coin can do two to
three hundred percent. Could this get three hundred and sixty
percent up to a dollar ninety? I mean maybe? I
mean it's gonna take time. It's definitely gonna take time,
but I can see it happens. I mean, whether you
like doge coin or not, or just think it's kind
of a you know, it makes crypto look bad, you know,
(27:40):
whatever that may be. But yeah, it's generally explosish. I mean,
you're hitting kind of a big area right here, that
forty cent mark. I mean, it bounced around those general
areas before for a while, so it's gonna take time.
I mean, it could look something more of you know,
we had that big jump up and then a more
diminished you know, the much diminished version of that to
(28:00):
a dollar or more into the end of the year
when everybody gives up, when we're just hovering around old,
old all time highs for a while, or you know,
it's not going to be it's gonna be a bumpy road.
It could be sure, it could be an a bumpy road.
So yeah, but I think it could easily break above
a dollar.
Speaker 1 (28:16):
So yeah, are you following anything right now on the
on the meme market, anything new or any one particular
chain that you're taking a look at, whether it's Solana
or even xrps meme tokens.
Speaker 3 (28:29):
Oh man, I mean there's just there's so many out there. Moodang.
You know, I was in Thailand before you got it.
You get a side of a moodang. You know, maybe
that'll come back. The hippo is getting bigger and fatter though,
so maybe it'll lose relevance a little bit, but maybe
there's more mood dany.
Speaker 1 (28:43):
Everybody's down in the last week, Yeah, down the last week,
down ten percent on the day. There's quite a few
I think that are kind of interesting. Brett is the
one that I'm still watching. I think this one has
a potential to still do some pretty good damage.
Speaker 3 (29:02):
Does look good?
Speaker 1 (29:03):
Yeah, yeah, this one is one that it's still one
of my positions that I.
Speaker 2 (29:08):
Like, be safe out there on the road. When are
you gonna be back in the US?
Speaker 3 (29:13):
Two days? Two days? All right?
Speaker 2 (29:14):
Oh man, get me back in. Well good, we'll be
good to see you. Thanks again for stopping and we
appreciate it. Get some rest.
Speaker 3 (29:22):
I'll see it, thanks, Paul.
Speaker 1 (29:23):
Take care all right, you guys, make sure and jump
in on the Diamond Circle. And it's a great place
to get additional content and you can join our own
private group. It's very easy. We always leave a link
down below that you can get to and follow me
out there on x at Paul Baron. We'll catch you
next time right here on tech Path
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