Episode Transcript
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Speaker 1 (00:00):
Could we be entering an all coin surge table breaking
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to a couple of points I want to hit on,
and before I do that, I want to bring in
our trader today, of course, that is Paul, coming in
(01:04):
from none other than Data Dash.
Speaker 2 (01:06):
How are you doing well, Paul ontor to be back
happy December.
Speaker 1 (01:11):
But we have potentially an all coin season that could
be brewing here, and there's a lot of people that
have been pointing at this. Ye're one of them is
looking at how this structures around the next move in
the cycle, some of which could be twenty twenty six.
Another thing that's playing right now, of course, is we're
seeing some resistance on tether. This of course dominance also
(01:33):
from stable coins could be moving into some other areas
of the market, which is what we anticipate. And then
you have this whole suggestion that we are seeing a
massive shift over from where taxes and also tariffs are hitting. This,
of course was your tweet right here, a bold claim,
but the sustainability of the federal revenue is far deeper
(01:55):
question than the headlines. This was referencing the idea of
Trump saying no income tax. I don't know if this
could ever happen. I'm not sure how that even put
this together. We'll play a couple of clips, it kind
of gets into a few points. Treasury Secretary Bressant also
said that he didn't believe tarifs were attacks. Then you
have a clip coming in from none other than the
(02:19):
Commerce Secretary, which is Howard Lutnik breaking down where are
job losses actually occurring? And then we're going to break
down some tokens. But I want to kind of paint
this macro picture for you guys. Let's go to this clip, because.
Speaker 3 (02:31):
Today we learned that the private sector is losing jobs,
small business getting hit really hard, negative number in front
of ADP, and one of the reasons that they cite
is tariffs. So do you worry about some of the
economic fallout here as these tariffs really take hold?
Speaker 4 (02:48):
No, no, it's not tarffs. Remember you had the Democratic shutdown, right,
And what do you think happens to small business The
people who do business with the US government, they know
they're not getting paid, so they sort of slow down
their projects. And then remember, as you deport people, that's
going to suppress private job numbers of small businesses.
Speaker 3 (03:11):
And even if you don't think that that's happening, I
mean factory activity shrinking in November by the most in
four months. We got a manufacturing report this week, and
in that survey they did cite tariffs as a reason.
I mean, this was a sector that was supposed to
be helped the most by what you're doing on the
trade front.
Speaker 2 (03:27):
You met us a graph and I want to show it.
Speaker 3 (03:29):
It's highlighting the trade war, the tariffs liberation day to
where we are today.
Speaker 2 (03:36):
Explain this.
Speaker 5 (03:37):
The important thing I'm showing here is the goods producing
part of the economy, and I'm focusing on goods that
it's been fooling the number of people with jobs in
factories or construction or other goods producing parts of the economy.
That part of the economy is in recession, and the
turning point just happens to be liberation day. So for
all of us who are having to get by with
(03:57):
a higher cost of living because of the tariff, will
promise that that was so that we could rescue the
manufacturing sector. As you and I have discussed many times,
when you put tariffs on steel and aluminium, you actually
make it harder for American factories to do business. And
so you're seeing an incoherent policy having quite unexpected effects.
Speaker 1 (04:19):
All Right, So Paul, this hits on a few points.
Of course, Trump is kind of on his heels right
now because he's trying to deal with the realization the
tariffs are causing job loss. We're seeing now tariff causing inflation.
The real question is is can he pull it off.
If he were to pull something like this off, it.
Speaker 2 (04:36):
Would be huge.
Speaker 1 (04:37):
The question how they do it is going to be
I think the bigger scenario. Do you think that the
market has affected traders in general of just being able
to inject liquidity in Obviously people that are in crypto,
they're here for a reason, they're trying to make their
way in. Do you think it's really suppressed what's happening
(04:57):
in crypto?
Speaker 2 (05:00):
I think that the crypto market has, you know, it
evolved into something that's a little bit more in line
with the stock market now as we've broken into the
higher market caps and things of that nature, and the
days of just again back in twenty seventeen, you know,
you only had an eight hundred million dollar market cap,
so there was very big amount and there's only x
amount of coins. So that was really the biggest piece
(05:22):
is there was a lot less coins, a lot more
money compared now. That's you know, that's outweighed a bit.
Plus you have the just the flattening of when an
asset such as bitcoin, for example, or ethereum or Solana,
you know, they're not going to be as astronomically exponential
moves coming in because they're going to be a little
bit more you know, coasting. So is that a part
(05:43):
of it? It could be, you know, it's it's one
of those things that I think everybody thinks back to
when we wanted the institutions to be a part of
the market and that that would you know, inflate these numbers,
which by and large it has, you know for Bitcoin
if you look at it, but you know, for the
rest of the market, it hasn't necessarily brought in that
that liquidity that we wanted to see in all coins.
But yeah, so I think it's I think it all
is just like a snowball effect that is just kind
(06:06):
of all rolled into one that's you know, affecting it
in a piece, but probably not like the only reason
that's like affecting the liquidity and hurting traders in the moment,
And you know, it's just I think it also forces
traders to kind of level up. It's not just so
simple anymore to just look for a very you know,
easy trend line and you know, go off of that.
You kind of have to evolve, like anything else, you know,
you have to get better. And when everybody's looking at
(06:27):
one thing, obviously it becomes less you know. Uh, the
probability of it coming down is gonna is going to dwindle.
So yeah, I think it's just a mixture of a
lot of things. I'll beat into one.
Speaker 1 (06:38):
Well, and I think the strategy do you hit on
a couple of points there is we have seen institutional
moves that have really kind of jettison both eth and
Bitcoin obviously through the ETF market. So we're now starting
to see see that seep over into things like Solana
XRP and other ETFs that have recently launched, which now
have access to institutional liquidity coming into the market. But
(07:01):
you also have kind of this unwind that appears to
be happening with micro Strategy. Micro Strategy announced their establishment
of a one point four billion dollar that's right, guys,
I said usd reserve. So Mike, what do you make
of this micro Strategy is putting money into dollars instead
(07:23):
of instead a bitcoin.
Speaker 2 (07:27):
Yeah. The only thing about that I could say is that,
you know, micro Strategy, for the longest time here has
been a over buyer, right like these bodies. Doesn't matter
if it was went sixty k back in twenty twenty one,
three K, five K, ten K, one hundred k. He's
been averaging in pretty well. But with something here now too,
you know that we're at a position where it's in
the one hundred thousand dollars range. You know, it's not
(07:48):
unheard of to to just kind of be hedging your
bets a little bit there to where if we did
see a sizeable pullback here, or if he has to
bail out a little bit of his own shareholders in
some degree, or if the market, you know, does have
a little pullback the stock market too. It's it's not,
you know, totally unheard of to just have that cash
position now. But when you look at the bigger picture
of micro Strategy and what he's been doing over the
(08:11):
big you know, the years, it's it's still pretty much
a huge Bitcoin bull like overall. Like with that at hand, so.
Speaker 1 (08:18):
Well, one thing he's doing is he's starting to create
a lot of these instruments, and this is one strike
that he calls out there, strc, this is getting another
rate high in terms of these dividends that being paid monthly.
This is a ten point seventy five percent monthly. I mean,
that's better than what we're seeing on some of the
best lending rates over on ave right now. And the
(08:39):
real question is is where is this money coming from?
So obviously they're generating through these instruments, but at some point, Paul,
this is going to be bringing money in to pay
dividends out. And you know what that sounds like. When
you're bringing other people's money into pay other people. It
gets a little bit dicey, for sure, but it also
pushes us in two. Is he setting up crazy like
(09:03):
a fox where we could be moving into a potential
bull run? Coming back into twenty twenty six, Here was
Gray Scale saying they think that bitcoin's highs in twenty
twenty six could be coming and they're dismissing the four
year cycle. What are your opinions right now on bitcoin?
Speaker 2 (09:23):
When I see a headline like that, it doesn't make
me feel great because usually just in the sense of,
like you know, a big headline like that coming out
is usually in a reverse indicator right. So yeah, but
I will say that that has been my overall thesis
for quite some time here is that the four year cycle,
especially ever since you know twenty twenty one, and not
(09:43):
just because of how that ended, it just it was
in line with the overall eighteen to twenty year cycle
that I had in mind for this coming up timeframe
as the end of this decade. And also just the
setup at hand for bitcoin, the setup at hand that
we've covered several times. All these are macro outlooks on
Ethereum versus BTC, the Ethereum setups, the Bitcoin domin like
(10:04):
all these things that are just kind of aligned with
another year of potential upside for the market that all
lines up with like the end of twenty twenty six.
So for me, I do agree with that statement. Just
like I said, it makes me a little nervous as
we're getting into it that we're starting to see some
headlines like that coming out too, So we'll see how
it goes. But with the information at hand, I do
agree to that with that statement too.
Speaker 1 (10:25):
Okay, so when you look at the chart, because obviously
we had one of our biggest candles for this year
since May coming back in people are a little bit
fickle on where they think we're going from here. Some
people still saying that it could be trapped inside a
falling cycle here with bitcoin. Some people think this is
(10:46):
a reversal. Where do you stand on bitcoin in terms
of the chart? Are we on a reversal?
Speaker 2 (10:51):
So we were just discussing obviously micro strategy, and we
had this huge move down here and as well as
the bitcoin pullback. Let's see if that line lines up.
Actually a dozens bitcoints still kind of made new highs
around this window of time and micro strategy came down.
The two of these were pretty tied for the most
part for a long time here. But I wanted to
highlight that just as if looking at I've only had
(11:12):
a few levels marked out here and one of these
is a yearly volume target that we left behind from
twenty twenty four and just looking chart wise, very likely
to come back down to it. So, in the sense
of just looking at the information at hand here, to
move down on micro strategy, while it was you know,
aggressive and everything like that, it was pretty technical to
(11:32):
say the least, and really it could get as deep
as one forty one and still kind of be okay,
but we're now doing the opposite here where almost every
timeframe we do this exact same flip flop where you
get this huge sorry, this huge burst up. You know,
one year, get a little consolidation for a few months,
you come back and fill some inefficiencies. Now we've had
the second part of this year be a down move
(11:53):
as we walk into next year. You could see here
I have highlighted or if you don't know, this is
a volume target basically that we're going to have now
in place. The same exact one that we have here
is going to generate now back at three thirty eight
for the year of twenty twenty six. There's a couple
areas right here that you know are in line with
that too. But even if we're just looking solely at
just this one right here, I mean the move back
(12:13):
for micro strategy to see that as well as probably
lining up with a gold pocket for Bonaccia tracement, if
I had to guess it, sure does is something that
I could see definitely happening in the charts here for
micro strategy, just to kind of put that one to
bed there as wehend in the twenty twenty six as well.
So and that's a pretty big move, Paul. I mean
you're talking seventy eighty five percent if we see it. Obviously,
(12:35):
there's no guarantee you that that's.
Speaker 1 (12:37):
That would happen if bitcoin was on an accelerant. So
with that being said, where do you see bitcoin moving
into twenty six.
Speaker 2 (12:47):
Let's take a look there too. So you know, bitcoin's
got to pull back here, Like I said, we all
know from October instead of July, like in micro strategy,
pull back about thirty six percent now, which for me,
I was targeting this one thirty area again to just
kind of quickly overview that that was going to be
the next most likely level for us to see the
(13:07):
next thirty to forty percent replacement from. And it was
coming in around the week of the September twenty ninth,
which it was October the sixth. So this whole thing
is almost pretty much spent. The only thing I would
say about this is that there is one more aggressive
target of this as long as we're remaining below ninety
three K just kind of have to be aware of it.
You know, you get that last little flush down to
(13:28):
set the tarraflows basically, but if we start to flip
ninety three thousand, Paul. So again, this is a huge
setup from terraflow Inauguration day tear I'm sorry, carry trade
low last year, Inauguration day terraflows, and then just our
I don't know, let's call it the government shutdown. I
guess where if any kind of news was wrapped around it,
four year cycle high, right, everybody's fearful of that right now.
(13:51):
But this move target one, target two met pretty aggressively.
We're on a weekly timeframe. If we get back above
that ninety three k, this setup is completely spent. And
from here Paul just zooming out and looking at this
in the sense of just higher lows and higher highs
across the way you can look in this is you know,
five waves and things like that. So this is actually
to me, I'm actually targeting for at least a pushback
(14:12):
up into the one sixty area as we go into
next year, again predicated off of us getting back above
that ninety three thousand, which we're battling really hard with
right now. So ninety three is that line in the sand,
and then one sixty for me is where I see
bitcoin head next year, which doesn't sound grand because we
only we've already made it to one twenty six. But
(14:33):
in theory, this is where we actually see the shift
now to where like the all coins and even if
it's you know, just the top ones right Ethereum, Salona,
Avalanche and all these others, to get that really big
move or a big move doesn't have to be like
you know, ten x or twenty x, but that's where
I could see a Bitcoin gets a push up, micro
Strata gets a push up. The all coins actually performed
pretty well in a year when everybody thinks it's going
to be a bear market, everybody's dumped all their positions.
(14:56):
I think we're setting up for something like that well.
Speaker 1 (14:58):
And I think that's the key because we're still putting
out polls left and right, and the amount of sentiment,
even though it is still very positive, at least, I
am starting to see it crack a little bit. So
I think we might be entering a capitulation phase. To
your point, is where we see a reversal into that.
I don't know where that's going to put Bitcoin. I'm
(15:19):
curious where it's going to put Ethereum because you've got
a very unique timing happening. Right now, we're three hours
away from Fusaka. And remember the last time we had
a major upgrade, Pectra. You know, Ethereum had a nice
response to that. When you look at Ethereum's chart right now,
First of all, do you like it going into the
end of the year or do you think we'll see
(15:40):
something more explosive early.
Speaker 2 (15:42):
Next Glad you asked, Paul, Glad you asked, So the
last upgrade, which was on May seventh, Petra, we I'm
not sure if you and I were doing our dance
back in that time. Oh yeah, this is when we
were first ye did the Ethereum outlook and whatever. There
are two things here, right, So we had the upgrade coming,
(16:02):
and that alone is usually not just enough. Sometimes we
get all these great news events, you know, XRP is
a really good example. You get all these partnerships, you
get all these things that sometimes it just doesn't move
the price at least right away. You know, the ETFs
might come out and the price actually dumps a little bit.
But this was a time where we actually had a
really nice move. However, what we had before that was
what I call the stairs down and was looking for
(16:23):
what we call the elevator up. And at the time
you have to look for another reason behind that other
than okay, we just have some slow moves down. Was
there another setup at hand here? And there was actually
a bullish harmonic, which is a sequence of Fibonacci's that
completed down here. And I'm bringing all this up because
we had that occur. We had a little bit of
a burst up, we had the upgrade occur right here,
(16:43):
and then that kind of fulfilled it. We had two
major targets here, which aren't like, you know, end all
be all, it's got to reverse. This is just when
you're down here, I can target up to this level,
which is like, you know, a nice thing to be
aware of here. And in the same setting now where
we're looking at Fusaka, which actually we're getting pump right
as we're speaking now, we have the exact same setup, Paul.
So if you're looking at the price action, I just
(17:04):
covered this little you know, downstep here. What do we
have here is basically the staircase down potential here for
the elevator up. But you know you need something else
on top of that. So I already labeled this one
in the Fusaka chart, and we have yet again a
bullish harmonic it's a different one here. It's called the
butterfly and completes right into that gold pocket little box
(17:24):
that we were looking at just a week ago, even
or just last few weeks here, twenty five hundred dollars,
you know, could have got as deep as that, but
we've gotten the bounce out. We've gotten a back test here,
and we have two similar target levels here, and one's
not that exciting, it's you know, thirty four hundred dollars,
but the main one comes all the way back up
to four thousand. Paul, and I think that that's where
we could see within I don't know if we're gonna
(17:45):
get there before the end of this month, because now
that's you know, the end of the year here, but
we could very well see a similar situation where this is.
This is a very bullish setup. It doesn't have to
stop here. I would just be aware that, you know,
don't overlook these areas, because if we do get to
these areas, we could get a pull back and all
that good stuff. But this is a very good set
up here to get that bullish continuation. Paul, and I'm
looking for the same thing next year, a really sizeable
(18:06):
move out of ethereum breaching the all time high yet
again and heading nip to that's you know, five seven
thousand dollars territory and potentially even more than that.
Speaker 1 (18:15):
Well, one thing you got to consider right now, especially
with this Fasaka upgrade that's coming. I mean, this is
an example of what's happening right now as we're kind
of talking about this. There is a lot of working
parts here that is going to I'm worried that do
we get something that, could something go wrong, could something
delay this? If it did, we know what would happen
(18:38):
to eth It's probably gonna drop it down to anywhere
in the range of twenty eight to twenty six hundred
if we saw a major blip in this one. Because
Pactor went through fairly smooth, so this would be a
bad hit. If Fusaka doesn't come clean today, We're going
to be watching it very closely. Listen, we were on
last week. We called silver. We hit it just the
way we drew it up, and of course now silver
(19:01):
is flying, you know, and there are many reasons why
many people are looking at what's happening with the CMEME.
What we've saw with silver in terms of a squeeze
right now on supply shock. But if you look at
the chart back on silver, where are you, first of all,
where are you anticipating silver is going to go from here?
Speaker 2 (19:21):
Yeah, it's always an interesting time when you're in price discovery,
of course, because it is just that right you're in
uncharted territories. We were already there last time we spoke
about it, where we breached into this region, and we
were talking on as long as we were holding above
forty four, likely that we're going to go to sixty.
Now we pushed up to It depends on what chart
you're looking at here. This is about fifty nine dollars,
But I do think that sixty is going to really
(19:43):
offer up a little bit of a roadblock here. Okay,
So we had a very similar thing that what we're
even seeing gold right now. Actually where we pushed up
you can almost you know, look at this as a
little consolidation here you broke out again. But sixty dollars
up here is a really big spot. So I wouldn't
be prize if we actually get a decent little cool
down around here. And one thing that I'll be noting
(20:04):
is this level right there that back to fifty potentially,
and where we are right now, if we were to
either pull back from here or push up to sixty,
just kind of be aware that we could easily just
kind of cool down again Gold Pocket region. I think
that's like a ten twelve to fifteen percent about thirteen
percent cool down. It'll probably freaks some people out, but
it's still like in the grand scheme here, I think
that we are still holding really strong above forty four,
(20:27):
and we're we're really in the good areas here, and
to look for any type of you know, new movements
or anything like that, we can go ahead and highlight
some of those real quick. So basically lying in the
sand for any more upside is that sixty dollars mark.
Don't be afraid if we come back down to fifty.
It's totally you know, normal things to see there. And
I'm just going to take some more local price action
and let's just see what we're going to be looking
(20:49):
for after that. And essentially we're looking at potentially seventy
two after sixty, and I know that those to me
in the sense of like sixty to seventy two dollars
doesn't sound like a but in silver I mean that's
the silver market that is. Yeah, it's extreme, it's extreme. Yeah.
So again I always like to remind people though at
these times we are in brand you know, all time highs.
(21:10):
This is this is not talking to the person that's
looking to buy silver. This is not the ideal areas
to get in. You don't want to buy at all
time highs. But the person that's been invested for twenty
years or years ago or whatever the case is, from
lower you know, be anticipating these moves at sixty is
a big you know, roadblock ahead fifty Between sixteen and
fifty totally fine. Forty four is kind of the like
lower end the line in the sand, and then from
(21:31):
there we have room to seventy two if we continue
from here. So that's how I'd be looking at it.
Speaker 1 (21:35):
Well, a lot of people are still looking at gold
here recently just because of the amount of liquidity that's
been flushing into gold.
Speaker 2 (21:42):
Obviously we've seen.
Speaker 1 (21:43):
Gold back up up above forty two. So this will
be unique if we start to see gold moving in tannum,
because there has been kind of a lockstep move to
a certain extent between silver and gold. How that goes
to the next level will be questioned going forward. Hey, guys,
if you're not subscribed to paulse channel, go over and
jump on there. Right now, it's data Dash You guys
(22:05):
can jump in there subscribe following him on X, which
is is that still data dash pro yep okay, all right,
Data Dash pro and X And we're going to get
into a couple more tokens here. One, of course, is
the conversation we had in reference to Sui an Avalanche,
and we were talking about this last week, and of course,
(22:28):
guess what. Suie absolutely just went nuts and climbed the charts.
They're a holding number nineteen position right now, blue right
by hadera blue right by z Cash, which is one
of the things we talked about. And also Avalanche now
containing into a very commanding position for Suey. In general,
(22:49):
these were the tokens that were moving Swee, pengu Link,
pepe in, and then of course ave so very interesting
tokens right now. When you look at Swie right now,
do you feel because it had pretty much bottomed out
and we were concerned where would it get that retlacement life,
it appears that it got it on this most recent run.
(23:10):
Where do you like swee for now.
Speaker 2 (23:15):
Yeah, so swee. You know, when we're looking at what
the recent like seven day twenty you know, twenty, sorry,
the seven day percentage gains are, it's coming off of
where we were the lowest. Also, right, so just a
week ago we were trading like at one fifty eight
and then today it's one sixty. So yes, we you know,
got a nice burst from the low which was like
(23:37):
that twenty or thirty percent move almost forty, but we're
still kind of in that really, I don't want to
call it a danger zone, but just kind of this
little region that we were actually again looking at last time.
So the big level for me, I'd like to see
Suey get above. I mean, this is definitely a major
discount for me if I'm looking to scale into something
for that longer you know, a longer term out look,
then yes, after a huge decline like this, you know,
(23:59):
this is an area where I'm interested. I pointed out
the importance of this one right here, which was at
the time like a fifty percent drop from last week,
right which we got pretty close almost down to about
almost fourteen to fifteen percent off of it. But yeah,
you know that this level still has my attention. I'm
not going to lie, and it could be one of
those times. And the only reason complete fundamentals aside, this
(24:21):
is just technically speaking on you know, statistics that back
it up, volume level things that just they're just really
stacked there. So we might not get to it, but
if we did, this is where I'd definitely be interested. Again,
that'd be another fifty percent drop, so we may not
see it. But flipping this one seventy one, which is
where we can see right now, where we're heading our
head on yet again, Uh, is is crucial I think
for any type of upside here and then from there
(24:43):
though we have really decent upside potential. I mean I
could mark out a ton of things from here, but
just to keep it more you know, modest, I guess, uh,
just back up towards this region range highs for one,
you know, back to four dollars, but we have another
you know, it's just we're always seeking out these volume
levels basically, so we just flipped that one, and more
likely we're going to head back up to that four
to eighty region again just while we're below this just
(25:05):
got to be cautionary that eighty three is on the table,
but it's not a guarantee by any means. But yeah,
Sue not doing bad. I would say from last week.
It's it's relatively still in the same spot, give or take.
It just has had a decent push off the low
put in since we last spoke, for sure, But yeah,
I think it's kind of in the same position. I
think one seventy one I mean we flipped that. I
(25:25):
mean then the gates were opening again. We had a
huge discount, So.
Speaker 1 (25:29):
Yeah, a huge discount. If you hit that one seventy
one mark, I think you you have to send it
at that point. We're going to see some pretty some
pretty big deals happening with sweet Listen. I think where
it comes from is possibly coming out of the liquidity that
we've seen coming out of zcash. Remember we had the
privacy token boom. This is just the one month chart.
What you're looking at in terms of market cap. Look
(25:50):
at the fall off right here, and this of course
has gone from what was that high let me go
up to that tip right there. It was about Yeah,
well I was looking at market cap eleven billion ish
and it's now cut in half. We're down at five
point eight, So a lot of that liquidity we felt
was going to continue to pour into Avalanche, Swee, some
(26:11):
of these key blue chippers, and it appears that Swee
was the one that benefited the most from some of
that adjustment going forward. I want to play a clip
for you real quick because this We don't often talk
about Cardono on this show, but it's not that we
don't want to. It's just, you know, there's never news,
but we have some news and that is Charles Hoskinson
(26:32):
came out on a clip. Let me play this for
you and then we'll chart in. Okay, take a look.
Speaker 6 (26:37):
You've asked for unity, You've asked for growth, You've asked
for leadership, and ultimately you've asked for a compelling reason
why people should choose Cardono over Ethereum in Solana, What
is growth look like for Cardinal? You kind of have
three metrics MAU transactions per day and you have TVL one.
Is we're missing the commercially critical infrastructre sure to even
(27:00):
begin having the conversation about growth. Then you have a
list of about ten to fifteen DAPs showcases of the
Cardino DeFi ecosystem. Well, those DAPs, what do we know
about them. They're underfunded, they're understaffed, they don't have a
lot of transaction volume, they don't have a lot of users,
and they don't have a lot of TVL. And by
(27:21):
profitability we also mean their ability to list their tokens.
And you know you need also solve uiux and get
that where it needs to be. Unless we have perfection,
we can't do anything, in which case none of this
makes sense. None of this makes any sense at all.
We should just pack up shop and go home. We
have to figure this out in twenty twenty six, all right.
Speaker 1 (27:43):
So there's Charles kind of coming to the realization that
there's a lot of problems. But if you look at
this is still a top ten token, This is number
ten setting on the market cap.
Speaker 2 (27:53):
It should be it should be.
Speaker 1 (27:55):
Getting more respect. I think, you know, if you look
at what's been going on, I think the scenario that
plays out here, what happens to Cardono going into twenty
twenty six, What would you look when you look at
this chart right now? Is it worth it jumping into Ada?
Speaker 2 (28:12):
So we discussed a lot of times these these coins
that are look dead right, and it's like when you
when you're diversifying to some degree, at least for myself.
I get into the things that, you know, a few
things that have momentum because they're going to keep going
at times that like, you know a little bit of
newer projects right now, it's like the privacy's got the
momentum going. Things like cardinal, things like these original coins
like light coin and all these dinosaur coins everybody looks
(28:35):
back to just seem dead. And but when you look
at the chart and in the sense of like really
dissecting it a little bit, this to me like just
kind of reflects almost a similar outlook as XRP did
for the longest time. Again, like that's just like the
best comparison sometimes when you have it. But you have
this huge draw down here, and I have a few
levels marked and I'll kind of highlight those, but you
(28:56):
had some you know, some dead space here, a little burst,
a pullback here that it's higher low here, push ups again.
We actually front ran this major three eight two that
I'm always on about here that like a lot of
times we see just big bursts and it's just a
snap back to the three A two, even if it
gives it all the way back up. We see that
all the time, So when you're trading at these lows,
I look for that kind of a move. But anyways,
(29:17):
we did pretty much just so that and then we're
coming back down again and so far we're you know,
still kind of holding these lows at a higher point here.
So you got a little odd elongated up trend of
occurring here at the bottom here it seems like sentiment
and the fundamentals are kind of nah. But when you
have something like this, it only takes like one news
(29:37):
catalyst to really spark a move here. And the only
thing about that Cardinal currently as far as anymore downside
that makes me a little nervous is similar to actually,
never mind, we already tapped it. I was gonna say,
similar to the the like suiy one that we have
those really big levels. These aren't as vital as like
the Sewey chart has. So yeah, realistically, I mean, Cardonald
(29:58):
has potential here get a nice move up fit similar
to Avalanche. We keep talking on that one as well,
where it's like got almost the same exact setup, and
again it's like not even to get into new all
time highs and price discovery just for what's known as
price recovery just to come back into these areas again.
Now we did front run this level, so to me,
it does give us, you know, a little bit of
(30:20):
a not necessarily hope, but it's it's a little bit
more likely that we do come back and actually meet
that at some point. Yeah, I think that Cardinal has
has potential here. It's just it's in that boring phase
and we all are so well and it has no
nice point.
Speaker 1 (30:33):
It definitely does have a community behind it, you know,
so that could be one of the catalysts that kind
of moves it. I still wonder though the number ten spot.
You look at it, it's holding in about fifteen billion
terms of market cap. If you look underneath that hype
might be closed. I mean it's a you know, closing
in on twelve billion. Chain Link is in there at
almost a little over ten billion right now, then you
(30:56):
kind of scan down. I don't know if I would
put anything maybe like Cooin not. I wouldn't put that
on a major growth, but Sweet could be in there too.
Which one would you say could take the number ten
coveted spot in this next run? Do you think it
could be a hyper liquid or do you feel like
it could be maybe a token is even on here yet,
maybe poly market if they go and list to it
(31:19):
could be.
Speaker 2 (31:20):
I was actually just looking at chain Link today, and
I mean chain Link if we don't see cardono, you know,
hold through and just kind of see a coast down.
I mean, I think chain probably would be a good
container just in that really close close knit group there.
Oddly enough, I don't you know, again, we'd need a
lot of ground to get recovered here. But oddly enough,
light coin actually has a really interesting, terrible looking chart.
(31:41):
And but you know, again, it's just something that you know,
we can look at everything right now and say make it,
make a case for why it's a you know, we
can put some risk on and all that stuff here.
Speaker 1 (31:50):
All right, Let's go to a couple other points I
want to hit on. This of course, is unice swap.
Unicewap just unlocked a bunch of stuff. One of course
is this partnership here with Revolute. This is a big
deal because it's going to open up a lot of
things around banks within Europe. Remember Revolute, if you don't
know who they are, this is basically the gen Z
(32:11):
Bank of America of Europe. Think of it that way.
Very large, very active and very forward thinking now partner
here with UNISWAP. Not only that, UNISWAP also announced the
possibility of IPO in the ignition and how it could
happen within the UNISWAP model. If you just look at
(32:32):
going into an auction directly, this is a good example,
fully transparent. This could literally get maybe adopted by something
like a Robin Hood. I mean, we could see a
complete reformat of how apios are done in the future,
and UNISWAP could be the center of this. If you
look at unicewap right now, because it's very depressed as
a token, is this a good time to get into it?
Speaker 2 (32:56):
Yeah. Again, for my personal strategy, I get I look
for these ones that are kind of dead and and
I reference again though that CRO type of pump, the
x RP types of pumps, what we could see out
of Cardonald, what we could see out of Avalanche, and
uni swap has on a technical side before any of
those fundamentals. And it's another good example of how we
have all this good news and it doesn't seem to
be you know, injecting into the you know, correlating to
(33:19):
the price action just quite yet. But a lot of
times those things are you know, they're they're delayed essentially
or you know, when we get that price action to
come in, obviously it's like, oh okay, well we had
all these you know, these news bursts and whatever. So
I think that we're at a place now where if
we are going to see anything out of Union swop,
it's going to be hard and fast, and because we're
just you know, pent up ready to spring, it is
(33:39):
at the lows. You know, again, this is zoomed out
on a daily time frame. I highlight this really big
range that we're trading into the bottom here, and this
will zoom out even more, right, So, I mean, look
at where we've been. You know that this is very
much on the floor, and the opportunity is there. And
I think that we I can't remember we discussed this
recently or not. I was highlighting some of these levels
up here that again I'm not married to saying that,
(34:00):
you know, we're just going to go straight to those.
But when you're looking at anything that is like something
that's at all time highs or so when people start
chasing things like a z cash after like several hundred
percent moves, you know, it's it's it's these ones that
I tend to look for, and obviously we kind of
pair it up with the fundamentals too, where we could
see some you know this, it's definitely a time to
put on some risk if you're looking into something like this,
(34:20):
and I guess it's the easy answer to say, yes,
I think that this is an area where we could
put it on and we do have some potential upside.
Speaker 1 (34:28):
Okay, Well, one last point on UNISWAP and then we'll
end it here. Is they of course just went through
I mean, the the unification proposal, absolute slam dunk. It's
going to happen now, they're you know, even given a
reward to try to debug it. What that simply means
for those of you who don't know about UNISWAP, this
is where they're taking all the fees and they're going
to reinject those back into the holders and start to
(34:50):
pay rewards. So that's a big deal because that has
never been done on this chain before. So a pretty
big move on UNISWAP. We're gonna get and cover a
lot more next week. There's, of course the foe C meeting.
I will listen to what chair pal says that's going
to have a big impact I think on the markets,
especially as we go into quantitative easing. There's a lot
to unwrap here over the next few months. So Paul,
(35:12):
thanks so much for coming in today. We appreciate it.
Speaker 2 (35:15):
Always a pleasure. Paul. Thank you next time.
Speaker 1 (35:17):
All Right, you guys know what to do. Make sure
and get in on a private member group. That's very
easy to do. It's absolutely free. You can get free
research insights more. I do an email drop each week.
We just did a bitcoin and digital assets lending guide
how to strategize around all of that. You can of
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follow me on x at Paul Baron. We'll catch you
(35:38):
next time right here on the Paul Baron Show.
Speaker 2 (35:41):
Thank