Crypto News: Bitcoin Breakout?? Memecoin Mania!! AVAX Bulls, Election 2024 And More
Published: 2024-10-21
Status:
Available
|
Analyzed
Published: 2024-10-21
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker hopes Bitcoin will reach $70,000 by the end of the day of the broadcast.
"I was really hoping that we would get to 70k by the time this live stream started this morning it was kind of creeping up that way and it's sort of I think we're around 68k now so America it is on you my friends get us to that 70k Mark today"
Pending
Low Bitcoin search trends are seen as a positive sign, suggesting potential for future retail interest and market revitalization, rather than a bearish indicator.
"counterintuitively this is a promising sign for the time ahead Bitcoin rarely melts lower when retail participation is low so basically we're not going to have any sort of cascading liquidations down and behind the low search traffic numbers lies the potential for retail revitalization should narrative and strength materialize implying that the market is in a robust spot to liven up should a positive Catalyst erupt"
Pending
Bitcoin ETFs saw over $2.1 billion in inflows in the past week, driving price action.
"like last week we had over uh in the past five six days we over 2.1 billion you know we breaking record highs with the uh with the ibet fund as well in terms of the the flows going into that and uh this is obviously what's driving a lot of the price action"
Pending
Bitcoin dominance has reached a three-year high.
"we got the Bitcoin dominance that's now at a threeyear high"
Pending
There is talk of Bitcoin reaching $100,000 by the end of the year, which the speaker believes is very likely.
"Asian investors are getting excited about Bitcoin as well um and talk of 100K by Year's End I mean I think that is I think that is very much in play very much so"
Pending
Prediction markets show Donald Trump with a significant lead over Kamala Harris.
"if you uh if you go and have a look on poly markets uh Donald Trump has got some pretty big margins over Kamala Harris"
Pending
The most likely explanation for the current market sentiment regarding the US election is that a significant amount of money is betting on a Trump victory.
"it's like I think if we go to aam's Razer you know the most likely explanation is that someone out there with a lot of money is is convinced Trump is going to win"
Pending
From a crypto perspective, the election outcome is considered a win-win, as it will result in a change from the current administration.
"from a crypto point of view it's perhaps a bit win-win this election in that we will end up with an Administration that is not the current one"
Pending
If Kamala Harris wins the election, crypto prices might initially drop due to market expectations of a Trump victory, but the regulatory environment under her administration is expected to be better than under Biden's.
"I do think that if she does win prices will adjust down quickly because they've been pricing in a trump Victory right it doesn't come but it's still going to be net net in terms of regulation in terms of what she could be doing initi she won't be as bad as as Biden"
Pending
Avalanche is a good bet if the GameFi narrative proves strong this cycle, especially if the game 'Off the Grid' performs well.
"if you focus on game fire which could be an exciting narrative for this cycle especially if Off the Grid does well then I think Avalanche is a good bet to remember"
Pending
The concept of a 'meme coin super cycle', suggesting continuous upward price movement, is being discussed and has been re-invigorated.
"this whole concept also was reinvigorated from that talk Murad gave a video on this last week as well this whole concept of the meme Co super cycle and you know super cycle is the concept that it's basically it's up only forever"
Pending
An AI agent, gifted $50,000 in Bitcoin, has become a millionaire by trading a meme coin.
"this AI agent has become a millionaire"
Pending
ApeChain has been launched, providing more functionality for ApeCoin and its associated tokens.
"they basically launched their ape chain which is gives it more functionality for ape coin and ape tokens"
Pending
The meme coin Mew has been listed with a Korean Won trading pair on the Upbit exchange.
"Mew now has a trading pair with the Korean one on upbit"
Pending
Dogecoin saw a 7% pump after Donald Trump's mention at a rally in Pennsylvania.
"it was pumped 7% after Trump he targeted at the Pennsylvania rally"
Pending
dydx has launched 'Trump election' products.
"they launched dydx launched Trump election perss a few days ago"
Pending
The launch of the Jupiter mobile app may be related to its recent performance.
"this potentially related to the launch of the Jupiter mobile app"
Pending
Injective and Sei are L1s utilizing the Cosmos SDK, competing within the EVM-compatible space.
"injective another L1 that that that had its moments moment earlier this year yeah it's it's competing a lot amongst a lot of evm compatible all ones as well I know that say is another one within the utiliz cosmos SDK"
Pending
The Avalanche '9000' upgrade may change the amount of AVAX required to start a subnet, potentially lowering the barrier to entry.
"pretty sure the 9,000 upgrade this is for Avalanche changes the amount of avac needed to start a subnet layer one when that happens not sure but I think it's not much avac needed"
Pending
In its first year, Bitcoin ETFs have seen over $20 billion in inflows, a figure that gold ETFs have not surpassed even in their sixth year.
"Bitcoin so far we've had over $20 billion do of inflows in year one year one is not done yet right so yeah and year one's still it's there's been no year that gold has ever topped 20 billion in inflows even in its sixth year"
Pending
Unlike gold, where supply can increase with higher prices, Bitcoin's supply is protocol-defined and decreases over time due to halvings, making it less susceptible to demand-driven supply increases.
"Bitcoin is the only asset that the supply is not impacted by Demand right in the sense that we know the protocal defined limit and there's the obviously the emissions that we have for the block rewards but gold for instance um if there's more PR the price is higher obviously you know then um there's going to be more gold being mined"
Pending
Projects like Hash Cash (by Adam Back) and Bit Gold (conceived by Nick Szabo) were precursors to Bitcoin.
"there were various sort of experiments with creating a digital currency hash cash was one of them Adam back who's now blockstream and was a you know as long been a candidate to be Satoshi I think it was bit gold that Nick Sabo not created because he never actually built it but he came up with the idea"
Pending
Low Bitcoin search trends are a promising sign for the market, suggesting a lack of retail participation will prevent cascading liquidations and create potential for revitalization if a positive catalyst emerges.
"counterintuitively this is a promising sign for the time ahead Bitcoin rarely melts lower when retail participation is low so basically we're not going to have any sort of cascading liquidations down and behind the low search traffic numbers lies the potential for retail revitalization should narrative and strength materialize implying that the market is in a robust spot to liven up should a positive Catalyst erupt and we know there's a lot of potential positive catalysts in the pipeline"
Pending
Bitcoin ETF flows are skyrocketing, with over $2.1 billion in the past 5-6 days, driving price action and breaking record highs for funds like iBET.
"Bitcoin ETF flows are are absolutely skyrocketing they skyrocketing yeah so like last week we had over uh in the past five six days we over 2.1 billion you know we breaking record highs with the uh with the ibet fund as well in terms of the the flows going into that and uh this is obviously what's driving a lot of the price action"
Pending
Asian investors are showing excitement for Bitcoin, with projections of $100K by year-end considered very much in play.
"Asian investors are getting excited about Bitcoin as well um and talk of 100K by Year's End I mean I think that is I think that is very much in play very much so"
Pending
The approval of Bitcoin options ETFs on C and exchanges brings them closer to launching, potentially triggering a gamma squeeze and increasing traditional exposure to Bitcoin.
"all these PA gamma you were talking about that a few weeks ago that's one of these things that sort of maybe a lot of people underestimated yeah so they would approved on the to list on C they they've approved this weekend to list on some of on some of the exchanges right so the exch it's almost that one step closer to actually launching so yeah we'll see if that gamma squeeze comes even more tradire exposure even"
Pending
Avalanche is strongly pursuing a GameFi narrative, focusing on excellent gameplay for traditional gamers with the upcoming game 'Off the Grid' before emphasizing crypto components.
"Avalanche really does seem to be going for that game five narrative doesn't it yeah exactly so um if you guys don't recall of the good we we looked at it last week it's obviously this brand new B that's launching that there's so much excitement about it obviously the game play is amazing and there many people who think this could be the game the mainstream grab to break into it and actually it's not they're doing it smartly they're not trying to like make crypto the whole thing about it they're basically trying to focus first in the game play Let's make sure that we get traditional G Gamers on board and they want to actually play the game before we start talking about the crypto components"
Pending
The removal of a past overhang (2 million AVAX sold OTC for Luna) combined with excitement around GameFi projects and the significant Avalanche 9000 upgrade (focusing on speed, scalability, and cost efficiency) positions Avalanche for potential growth.
"so add to the fact that there's more excitement about a the avalanch network now with all these gamef fire projects and then this potential you know Albatross over there the neck is no longer there um and yeah of course we also talked about the um Avalanche 9000 which is this upgrade yeah right it's going to be to speed scalability cost efficiency um and it's one of the biggest upgrades the biggest upgrade ever right yeah you know I think yeah I think this was touted as sort of the biggest biggest change to Avalanche since since its main net went live"
Pending
Avalanche is a good bet if GameFi becomes a significant narrative for this cycle, especially if 'Off the Grid' performs well. Its tokenomics, with a fixed supply of 700 million AVAX, are also noted as a positive compared to inflationary schedules.
"if you focus on game fire which could be an exciting narrative for this cycle especially if Off the Grid does well then I think Avalanche is a good bet to remember also it's got a CT avac supply of 700 million so from a tokenomics perspective compared to some the other inflationary schedules"
Pending
ApeCoin experienced a significant pump over the weekend following the launch of its 'Ape Chain,' which enhances functionality for ApeCoin and related tokens, utilizing Arbitrum technology.
"ApeCoin finally had a long awaited pump for you know they basically launched their ape chain which is gives it more functionality for Ape Coin and Ape tokens so it was a big pump this weekend you know it's kind of like does kind of remind me with that you know that Meme when the guys the big the W Jack is looking and there's like a red chart all the way down the small little green is like looking it's kind of like what it is for the Apoin holders but it's good to see that you know eventually something is launched there is hope I I suppose for the new note of you know the N the new ape chain and then also like there's more functionality for ape right so it uses arbitrum Tech"
Pending
Cat in the Dogs World (MEW) is now the third meme coin, alongside SHIB and DOGE, to have a trading pair with the Korean Won on the Upbit exchange.
"now Mew now has a trading pair with the Korean one on Upbit now here's an interesting fact I didn't know this before I I looked into this earlier um Mew is only the third meme coin with a Korean one pair on Upbit shib and Doge are the other two"
Pending
Dogecoin saw a 7% pump after Trump mentioned the 'Department of Government Efficiency' at a Pennsylvania rally, a concept Elon Musk is reportedly heading.
"Elon Musk he was what a surprise surprise uh it was pumped 7% after um Trump he targeted at the Pennsylvania rally yeah yeah so Department of government efficiency oh yeah this is the new thing isn't it yeah that's that's worked out quite well"
Pending
dydx launched election-related perpetual futures a few days ago and is holding a conference in Dubai today, aiming to reinvent itself in the derivatives market amidst competition from hyperliquid.
"dydx launched Trump election uh perss a few days ago that's interesting um and I should I should also point out I think it's dydx day in Dubai today yeah so that's probably it that's probably you know conference has always have like nice announcements and everything and you know they want to catch up they're trying to do catch up dydx because you know hyper liquid's taking over a lot of the market on the purpose place so they're trying to reinvent themselves there"
Pending
Jupiter's recent performance may be linked to the launch of its mobile app. The project has strong tokenomics with no VC allocation, making it potentially interesting for the Solana community, which is known for being somewhat anti-VC.
"Jupiter so it's um yeah this potentially related to the launch of the Jupiter mobile app um and but we've all we've covered Jupiter as one of the potential top saland projects about two three months ago yeah it's a good very strong tokenomics they haven't got any VC back in they haven't no VC allocation yeah no VC allocation so from a tokenomics perspective it could be an interesting one especially for salana you know where a lot of the community is kind of slightly anti BC"
Pending
The Cosmoverse conference features multiple tracks beyond just Cosmos and ATOM, including Bitcoin, RWA (Real World Assets), tokenization, and developer-focused sessions, indicating a broader scope.
"this is the cosmoverse conference cosmoverse yeah exactly so obviously this is interesting because most people when they think about Cosmo burst they think about you know Cosmos and atom and that kind of ecosystem but it's actually interesting because they had numerous different tracks this year as well and they've got a lot of they got a Bitcoin track and iwa track tokenization um and few others and they've also got like a Dev Dev M and all this things so it's like is more like slightly developer Focus but there's there was there's a lot of talks going on"
Pending
The Cardano Summit is expected to be well-attended, with 10,000 people anticipated.
"cardono Summit yeah so it's from W Wednesday and Thursday so obviously another ecosystem um you know hopefully was well attended you know Theon Community is going to have also I think they're expecting 10,000 people 10,000 people"
Pending
Despite potential bearish arguments, the strong inflows into Bitcoin ETFs highlight significant excitement around the product and its advantages over gold, which will likely continue as more people recognize its benefits.
"the only way is down but I think it just underlines how much excitement there is around this product and how much excitement there's going to be as more and more people come to realize uh the benefits not only the benefits of Bitcoin but also the benefits that Bitcoin the advantage that Bitcoin has over gold"
Pending
Bitcoin's supply is protocol-defined and unaffected by demand, unlike gold where increased price incentivizes more mining. This fixed and decreasing supply schedule is a compelling case for Bitcoin.
"Bitcoin is the only asset that the supply is not impacted by Demand right in the sense that we know the protocal defined limit and there's the obviously the emissions that we have for the block rewards but gold for instance um if there's more PR the price is higher obviously you know then um there's going to be more gold being mined obviously bought to market right yeah so the supply it variable comps it's impacted by the price where Bitcoin nope it's just like it's every single Haring there is and then every single block reward is X and you know it's going to decrease over time so that's you know the compelling case for it"
Pending
There is a theoretical risk that discovering gold on an asteroid could drastically impact its supply and value.
"there's also a danger that we could discover gold on an asteroid and that could mat that that this voice when they were talking to Bost with the Bostel Dave por"
Pending
The Avalanche 9000 upgrade may change the amount of AVAX required to start a subnet, potentially lowering the barrier to entry.
"pretty sure the 9,000 upgrade this is for Avalanche changes the amount of avac needed to start a subnet layer one when that happens not sure but I think it's not much avac needed interesting yeah I need to check up on that and check on the Dos there"
Pending
Lowering the barrier to entry for launching subnets on Avalanche could lead to more subnets being created and potentially more AVAX locked up, whether from retail investors or institutions.
"if you make the barrier to entry for um running a subnet um or starting a subnet lower then although it would take maybe take fewer avacs to do that then but if you incentivize it more then more sub so it could you know it could cancel it could mean more still still more aex locked up right yeah it depends what it's like retail or institutions the rwa is Mo mostly like like to be institutions right so the JP Morgan onyx they don't mind locking up that amount but obviously is if you've got one institution but you could have had like a thousand retail retail investors locking up or retail developers locking up um avac you know"
Pending
Hash Cash, developed by Adam Back, is acknowledged in the Bitcoin white paper as an inspiration.
"hash cash is acknowledged in the white paper as an inspiration is it hash cash that's acknowledged Adam back hash cash is Adam back or was Adam back"
Pending
Nick Szabo conceived the idea for Bit Gold, an earlier digital currency concept, alongside other early digital currency experiments like e-gold, b-money, hash cash, and e-cash.
"it was bit gold that Nick Sabo not created because he never actually built it but he came up with the idea I can't remember why exact they thought it wouldn't work but yes you're absolutely right and Bo mck recordings that's a great name makes a similar Point um there were earlier digital currencies like eold B Money I think that's way die isn't it bit gold hash cash and eash"
Pending
Stripe has acquired the stablecoin platform Bridge for $1 billion, marking the largest acquisition in crypto history and indicating Stripe's significant expansion into the crypto space.
"this is stripe acquiring a stable coin platform called Bridge um so to sort of bridge facilitate stable coin issuance stable coin payments things like that um for a billion dollars yeah it's the biggest in crypto right and it's the biggest acquisition I think strip is done and it's yeah and this it was started by some X coinbase and and block engine years and everything and yeah now it means stripe is going big into crypto"
Pending
Prediction markets like Polymarket show Donald Trump with a significant lead in the US Presidential election.
"at the moment if you uh if you're a believer in prediction markets like a poly Market Etc um then Donald Trump has a very healthy lead"
Pending
Donald Trump holds substantial leads over Kamala Harris in key swing states, including Arizona, Georgia, Michigan, and Pennsylvania, according to prediction markets.
"Donald Trump has got some pretty big margins over Kamala Harris um including in critical swing states such as Arizona Georgia Michigan Pennsylvania Etc"
Pending
The most probable reason for the prediction market trends is that a wealthy individual or entity is convinced of a Trump victory.
"the most likely explanation is that someone out there with a lot of money is is convinced Trump is going to win"
Pending
A rally in 'Trump proxy stocks,' such as GEO Group (which operates private prisons), suggests that traditional finance markets are pricing in a potential Trump victory.
"there has been a rally in a lot of trump stocks Trump proxy stocks um so I mentioned one of these potentially is called geog group now this geog group is interestingly they run private prisons now you know okay of course uh you know you can have your ethical view on that is one thing but like obviously they have all the contracts for the um uh attention centers at the border potentially I see so so it's been trading very much like a trump proxy stock there's a few other of there's a many few many of these other proxy stocks that you can potentially use as like a a proxy for how well Trump is doing in the trafi markets"
Pending
Donald Trump has adopted a vocal pro-crypto stance and is engaging with crypto-related memes, indicating his potential alignment with the crypto community.
"Donald Trump has been very vocally Pro crypto he's even picked up it would seem on the on the meme of crypto people ending up working with McDonald's"
Pending
A comparison of crypto policies shows the Biden administration as the most anti-crypto, while both Trump and Harris are perceived as more favorable, with Harris potentially being better than Biden.
"if we can bring there's a heat map um that Galaxy have have put together with um Biden and Harris and Trump's uh crypto policies laid out side by side and as you can see you know Biden is by far uh has been you know has has proven um to be by far the most anti- crypto of the three of them um yes Trump has been a lot more vocally proc crypto but you also can't argue with the fact on this evidence at any rate um that Harris would certainly be better than Biden"
Pending
From a crypto perspective, the upcoming US election is seen as a 'win-win' because either outcome will result in an administration different from the current one, which is perceived as unfavorable.
"from a crypto point of view like I hesitate to say this because crypto can always find a way to lose but from a crypto point of view it's perhaps a bit win-win this election in that we will end up with an Administration that is not the current one"
Pending
If Kamala Harris wins the election, crypto prices might initially adjust downwards due to market pricing in a Trump victory, but overall regulatory conditions are expected to be better than under the Biden administration.
"if she does win prices will adjust down quickly because they've been pricing in a trump Victory right it doesn't come but it's still going to be net net in terms of regulation in terms of what she could be doing initi she won't be as bad as as Biden right so it's not all you know it's not all bad if she does win right at least for the crypto industry right"
Pending
The growing influence of the crypto industry means that neither major presidential candidate can afford to ignore it.
"the crypto industry now is a is a much more powerful player and I think that means that neither candidate can afford to ignore it we are not to be trifled with"
Pending
While meme coin searches are increasing while Bitcoin searches decrease, this could signal that meme coin interest is peaking and potentially represent a bearish trend for them.
"while suchar searches for uh Bitcoin may be down searches for mem coins are up this could be interpreted as actually a bearish signal in the fact that perhaps it shows that interest in meme coins is peing"
Pending
Out of 3,255 meme coin launches on Radium this month, only two exceeded a $100 million market cap, with 60% of traders on pump.fun losing money on average.
"in just this month only 325 3,255 of them made it to radium and only two of them made over 100 million in market cap and we've seen some stats before in the past 60% in on an average lose money right trading of pump fund launches right"
Pending
Longer-term profitability is more likely with projects focused on technology and building something, as tokenized attention, especially with meme coins, is fleeting and constantly shifts.
"you're more likely to make money longer term by some of the mo projects that are focused on Tech those projects that are actually building something and just as tokenized attention because tokenized attention is very fleeting yeah very fleeting memes are like you you know they'll move from one Mee to another I think that Meme coins is a concept it's kind of like you know token not attention is a fair concept right yeah but it will be it's very fleeting"
Pending
Early-stage meme coin launches are essentially on-chain gambling, requiring deep analysis of potential attention flow and specific characteristics to identify trending coins.
"it's basically just onchain gaming onchain gambling right and you know you can take a deep dive into it and try and take a look at where's the potential attention going to Flow To You know um what sort of metrics do you need to look at for mcoin that could Trend what sort of mcoin characteristics and there are people who doing deep dive analysis and threads and like what's the kind of mcoin to attack"
Pending
An AI agent named Truth Terminal, initially funded with $50,000 in Bitcoin by Mark Andreessen, has become a millionaire by pumping the meme coin 'GOAT'.
"this AI agent was gifted I think it was $50,000 in Bitcoin by Mark Andre um uh famous billionaire I think uh VC and it went on to uh pump a meme coin called goat and as of I think yesterday um this this AI agent has become a millionaire"
Pending
Mark Andreessen's involvement with Truth Terminal was limited to a donation to fund the creator's research. The AI agent, Truth Terminal, is not fully autonomous but semi-autonomous, with its creator, Andy iy, still involved.
"it appears you know Mark Andre and had nothing you know nothing to do with it other than making this donation which was apparently sort of to fund further research that this guy that the creator of Truth ter was doing and that's the other important thing to remember as well is that this guy Andy iie is still very much involved with truth terminal um he has I think admitted that he does you know still have a hand so although it is an AI agent doing this it doesn't appear to be fully autonomous yet this is still sort of semi-autonomous"
Pending
The token associated with the AI trading agent Truth Terminal has tanked, indicating the AI agent may have used it for liquidity, suggesting a new era of trading against AI.
"the Token tanked so okay the AI agent has used they're using you for ex liquidity I mean that's a first that's a first you've been used for ex liquidity by an AI agent basically yeah so we're now trading against Skynet everyone so you know the game has just changed"
Pending
US jobless claims data is expected to be released, with previous claims at 240,000 and forecasts at 247,000. The key factor to watch will be whether the actual data surpasses or falls below the forecast.
"jobless claims um so this relates to you know of course our keeping a check at the feds dashboard you know the Dual mandate um and yeah the previous jobless claims is 240,000 and the for cost for this one is 247k so it's interesting obviously just the most important one to watch there is whether the actual data is above or below the actual forecast"
Pending
Dominant projects in the crypto space, including exchanges and stablecoins, were not always the first movers, indicating that market share can be overcome by newer, more innovative solutions.
"projects that were that are dominant now but they weren't the first mover and it is true like Bor I remember they were one of the first AMMS even look at the exchanges side right in Mount gox where are they gone right B stamp they were they came long before coinbase I think they're one of the first and they've kind of like you know fallen off like yeah numerous other examples yeah EOS B bit USD I didn't you know I had to research that's interesting as well tether wasn't the first stable coin"
Pending
Investors should not assume that current market leaders are immune to being dethroned, as more innovative projects offering better user experience or incentives can emerge.
"don't just think because a project has now got market share most of the market share they won't be dethroned by other more innovative um you know uh other more innovative projects or to Solutions right that provide a better ux or provide a better incentives"
Pending
Trump's crypto coin has performed poorly, raising only approximately $9-10 million against a target of $300 million.
"how is Trump's cryptocoin going best not go there not well it's not well yeah what did they only raised like nine 10 I think it was N9 million and it was they were they were looking for 300 million"
Pending