The Wolf Of All Streets - SOL to $150? What Coin Will Pump Next?

Episode Date: November 14, 2023

Solana has led this massive bull run for crypto - is it done, or can it still 3X from here? Invest Answers has a thesis. You don't want to miss this. ►►TRADING ALPHA READY TO TRADE LIKE THE PROS? THE BEST TRADERS IN CRYPTO ARE RELYING ON THESE INDICATORS TO MAKE TRADES. USE CODE ‘2MONTHSOFF’ WHEN VISITING MY LINK.  👉 https://tradingalpha.io/?via=scottmelker  ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEK DAY! 👉https://thewolfden.substack.com/   ►► OKX Sign up for an OKX Trading Account then deposit & trade to unlock mystery box rewards of up to $10,000!  👉 https://www.okx.com/join/SCOTTMELKER ►►NGRAVE This is the coldest hardware wallet in the world and the only one that I personally use. 👉https://www.ngrave.io/?sca_ref=453131... ►►THE DAILY CLOSE BRAND NEW NEWSLETTER! INSTITUTIONAL GRADE INDICATORS AND DATA DELIVERED DIRECTLY TO YOUR INBOX, EVERY DAY AT THE DAILY CLOSE. TRADE LIKE THE BIG BOYS. 👉 https://www.thedailyclose.io/   ►►NORD VPN  GET EXCLUSIVE NORDVPN DEAL - 40% DISCOUNT! IT’S RISK-FREE WITH NORD’S 30-DAY MONEY-BACK GUARANTEE. PROTECT YOUR PRIVACY! 👉 https://nordvpn.com/WolfOfAllStreets   Follow Scott Melker: Twitter: https://twitter.com/scottmelker   Web: https://www.thewolfofallstreets.io   Spotify: https://spoti.fi/30N5FDe   Apple podcast: https://apple.co/3FASB2c   #Bitcoin #Crypto #Trading The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.

Solana made an epic run from $8 all the way up to almost $65 before slightly retracing alongside the rest of the market. Can it go to $150? I certainly think so. And so does my guest today, James, Invest Answers, who can make the case. But more interesting perhaps to all of you is his new model on what coins might be next to run if they're dead, what's likely to happen with them, and what kind of price targets we can look for for your other favorite coins. So likely we'll take some of your requests and take a look at that as well. You guys do not want to miss this. This is my last stream this week. I'm taking off Wednesday, Thursday, and Friday to celebrate my wife's

birthday. So anything you need from me, you've got to get it right now, guys. Let's go. What is up, everybody? I'm Scott Melker, also known as the Wolf of Wall Street. Before we get started, please subscribe to the channel and hit that like button. Yeah, I don't usually put massive price targets into our stream titles, but I actually don't think $150 is hyperbolic or that dramatic considering it was at a price of 65. If you look back at bull markets of the past after bear markets, Ethereum went all the way down to $82 before going to $4,000. I don't think it's crazy to think that Solana can double from here when I think most of us agree this isn't even the bull market yet. To me, this is just an appetizer for what's likely to come in a year, 2025, when we really hit the bull market from the four-year cycle.

But nobody wants to hear me talk about it at all. This is why I bring on guests so that I can learn alongside the rest of you. Waking up extremely early to join us today is James, Invest Answers. Good morning, man. Good morning. Thanks for having me. And good to see you. Go ahead. Yeah. I was just going to say, I missed the Mondays, man. Once we started Crypto Town Hall, the Twitter spaces I do with Mario and Ran, I had to stop doing DCA alongside you and CTO and Ivan. That was, I looked forward to it every Monday. So the time just with everybody in different time zones and all over the world, you're three hours behind me, they're six or seven hours ahead of me. So it just didn't work. But man, that was really fun. Yeah, it's

definitely tricky to juggle all of that. But it's good that you and I have always been in contact behind the scenes through direct messaging too, which I appreciate. So a lot of strange stuff going on. Sorry, I need to hide that. I got to get my insight somewhere. You know, I can't come up with all these ideas by myself. You guys know that I'm rolling without a producer at the moment. I literally went to James and said, hey, so what should we do, man?

You're better at this than me. I just let my guests produce the show now, but let should we do, man? You're better at this than me. I just let my guests produce the show now. But hey, let's dig in, right? So we have this- And Scott, I must disagree with you there. Your shows and your guests are great. And your knowledge of things, especially during like FTX core cases and stuff,

very impressive. Your knowledge of the SEC and all that, really, really top-notch. So yeah, my approach to YouTube is to just bring on the smartest people and listen and learn and then be able to regurgitate the great information that I get from them. And when you do that every day, you build up a pretty serious knowledge base, like a free college over here. Although who knows if you want to go to college anymore, different conversation for a different day. But Dave, let's talk about the Solana price target right you um 150 is not a number that i made up out of thin air it's something

actually that you modeled and came up with so perhaps you can share your screen or show us or tell us exactly why you think that and your screen went down so it seems like you had shared yeah so i did i actually loaded a deck but what i can do is if you can double click on me i can turn my camera into a screen which might be easier for you what i have no idea how to do that but uh just double click on me and i should pop up big so okay see you guys i'm producing here we are we're producing oh i can just uh probably remove myself then i can't talk the double click thing's not working but we can see that okay well i can i can do i have a plan b as well so hold on a second um or do i we're doing this live nothing is nothing is actually switching for me like it

usually does so i don't know it's not switching any of the views look i can do that but i can't so we because it has to share your screen to be able to do it so okay yeah that's uh let me see just do the screen share and we'll uh yes a lot of help test time you guys see we we made a joke by the way right before we went on we said we won't blot botch the screen shares like mike mcglone and then we uh we karma'd ourself right into a full mcglone here yeah well i we i did two models which is a backup and i noticed as well streamyard has a limit of how many decks you can upload. And I had uploaded three. The third didn't arrive.

So we're just waiting for, I deleted the other ones, waiting for this one to pop up. Cool. When I see it, I'll bring it up. But let's talk about it. So yeah, there's a couple of things that are kind of of interest regarding where this would go. Let me see.

I should be able to slide one. Yeah. Now we're in business. Thank you, Ray, for the business. Thank you for the patience. Geniuses, basically. My goal, and in full disclosure, I was one of those people that ran into the burning building and people know that when we hit

$8, etc. It's like, oh my goodness, this seems like too good to be true because there was nothing fundamentally wrong with the chain. It was just being literally whipped to death by FUD. Now, I do have a ton of price targets on most cryptos, and I was hoping, my goal originally was for Sol to get to $100 by kind of the top of the bull run, 2025 was the target. So to go

from eight to $100 is like a 12x, which is unheard of in traditional markets and should make anybody very excited. And I also my price, my average price of the asset was very high for a while, like at one stage was 50 bucks, I kept on buying down, buying down buying that every time was under 20. I was buying hard. So I actually got my price, buying down, buying down. Every time I was under $20, I was buying hard. So I actually got my price target now down to about my price cost to about $20. But anyway, what's happened this year, which is really weird, is a couple of things.

One, it's become the consensus trade. A big thank you to people like Chris Berniski for saying that. Second, it's moved so early in this bull run. And there's a lot of other stuff happening behind the scenes, like ETH getting ETFs and everything else. All that goodness is kind of trickling down. And it moved very high and very fast. So let me show you my first kind of rough back of the napkin model here

and work you all through it. So this doesn't include my other models, which are a little more complicated, like Metcalfe's law, like crypto fees, all that type of stuff. It just takes a rear view mirror look at the all time highs of previous assets, and calculates a percentage of those. So if you look at the ETH market cap today was 246 billion, and market capital time is 572. Sol market cap at all-time high is 77. Cardano market cap at all-time high is 95 billion. Now, I have

a model which I can pull up as well. I call it the Sol upside. Anybody in TradingView can pull it up for free, and it'll show you where the price of Solana will go. I always said, at a bare minimum, next run, it'll make at least 20% of ETH market cap. At today's price, that would put it at $117. It already kind of eclipsed the 10% of ETH market cap, which people thought would never happen. It did that a few days ago

and it left Cardano in the dust with the current market cap of about 25 billion. Today, Cardanoinals about 13 but more importantly let's go forward to the all-time high market caps and divide that by the number of tokens and then multiply that by a percentile so for example if you go to exceed six percent of eth market capital all-time high yeah that's 81 okay that's total base case where Solana will go and we're almost there yeah I was gonna say that's close and then the next model is 10 of ETH at all-time high 135 bucks that's pretty much a slam dunk so he's always my

base case is 20 of ETH market cap at all time. And remember, we're looking back at 2021. Right, we know that ETH market cap is going to be much higher assuming we get this bull run moving forward. Yeah, a lot of people talk, like last time, the total crypto market cap was $3 trillion. A lot of people are talking about it going to $10 trillion this time around. That sounds very, very high. But if that was the case, forget these numbers.

My crystal ball doesn't work, so i can't comment on that yeah so if we if we take the other base case of you know 20 of eth at all-time high divided by 422 million tokens that'll take us to 271 dollars and of course there's a super hopium case 30 of eth at all-time high another view of this is a simple visual that i created for you with the team last night so shout out shout out to dj never seen before breaking exactly right here you saw it first so on the left the first four boxes is kind of current percentage of market caps the ones on the right is the ones I just walked you through. And then I have the average of those in the middle, which is $151. And then the top 90th percentile of the targets takes us to 298.

So I do believe we'll get to 151 and we could go a lot higher. I don't want to get people too excited. Anything could happen. Anything could go to zero. Not financial advice. But considering how fast we've come so far in such a short window of time, it is pretty stunning. Currently, the price of Solana is $56.48, called at 56.5. It did hit $64 a few days ago.

And it's kind of crazy but the exciting thing is there's another model i'm working on is if if your cost basis is low like ten dollars or twenty dollars then you stake solana and it goes to an all-time high i'm gonna do a quick video on the result of that because that's where you get way more than crazy type returns on initial investment. And that's what people need to wrap their heads around because crypto is a very, very dangerous game. 98, 99% are scams. And you and I are both very much aligned on that. You just got to make sure that you are prepared for the extreme volatility and prepared for 90%, 99% of cryptos to go down and not go up but i have more i have more

too if you have added i'm just gonna watch i'm like i said it's like college go for it all right so this is the next uh slide again never seen before put together last night uh there's so much uh fear uncertainty and doubt and you know i'm sure you see the same thing too, a huge amount of toxicity out there. It's kind of funny. Maybe you could help me wrap your heads around the psychology of this, okay? So, if somebody's in an asset and it goes down, they get pissed off, okay? Now, if somebody is not in an asset and they watch it go up, they get pissed off. I tweeted about this just the other day. I said, I loved it. It blows my mind that people seem angrier in the community when prices are actually high than they did at

the depths. But I think that there is a really easy answer for that. And that's because now they have to either deal with missing out or they have to actually make decisions. There's no decisions to be made in a bear market. You're just at the bottom. You don't do anything. Now they actually have to make decisions and it makes them stressed and anxious. The question I have for you is what's the worst emotion, FOMO or losing money? I think that to make it fair, it would be FOMO versus fear, right? Because I don't know if they're actually losing money or not.

I would say gaining money is better than losing money if we're making the equivalency. But I think missing out on making money right now is seemingly worse if I had to anecdotally view my comments than it was when people were actually losing it. Yeah. And the other weird thing, and I see this with other assets that I follow. I did a video last week called the most hated assets. And I've watched this for the last 30 plus years is things that are hated actually do they have perform. And this is kind of weird. So everybody is often looking for an excuse to hate, you know, whether it's Mark Zuckerberg or Elon

Musk or whatever. It's like, put all that aside, everybody. Focus on the alpha, not whether or not you like the asset. I've talked about this so much here. I want to show you, I literally wrote a newsletter on November 3rd, the most hated asset. Here it is right here. So I did the exact same thing. My consensus was it was Ethereum.

I said, is it Bitcoin, Hex, Ethereum, Doge, XRP? I said, Ethereum. And that was my case that I've continued to make here, that Ethereum is the most likely coin to run. Unnecessary FUD, the merge, it's broken, the merge didn't play out. All these things I'm hearing, Solana is the next Ethereum, Ethereum killers, all the same narratives I've heard before. I just think it's lagging and we've seen this in every single cycle. I 100% agree. I made the case even here last week that I bought Tesla at 180 years ago, and he smoked weed, and everyone said it's going to zero, and he's unhinged,

and the price dump doubled. It was the dead bottom. There's nothing I like more than buying the thing that everybody hates and says is going to zero. It's literally my favorite trade in the world. Yeah. And in fact, speaking of that particular name, Tesla has gone up $31 in four days. Added nine yesterday and added another nine today. But anyway, let's get back to Solana. The psychology of investing is so important for your audience out there. So it was good to touch on that. And this is the other piece that people were fearful to get in because, oh no, FTX are going to dump their tokens on you and you're going to die.

It's never happened. By the way, any unlock that we've been privy to in advance has never moved price in history. I'm still waiting for Mt. Cox to destroy Bitcoin and it's been seven years I've been in crypto. Exactly. And that is when you hear things like this, just do the opposite. Don't be shaken out of your investment. So let's just break this down real quick. These are the FTX wallets. First of all, the liquid SOL that they have, they have like $186,000 worth of SOL now

that they could dump. All right. That's not very much. That's a spit in the bucket considering the daily volume that this thing trades at. The amount of stake sell is $216 million or 3.96 million tokens. The reward that they've earned so far is half a million dollars since they started staking a few days ago. And that's the importance of staking. It's kind of stunning. And the amount that they've sold, this is the piece I want you to focus on. 7 million tokens. They've already sold, what's that? 70% nearly of their bag. And what did the price of Solana do over the last three months of selling? Yeah, that was absorbed by buying interest. I think it's fair to say. Exactly.

May have happened to OTC for all we know. Now, can you imagine for a second that rally without the selling? We'd be in triple digits. And I did the calculation with that too. Yeah, actually, that case you just made for Solana, not necessarily even specific to FTX. The more I dig into a lot of the quote-unquote debtor or the hyped projects of previous cycles that have suffered, it seems that most of the forced sellers are now out. Whether it's FTX estate or something else, it seems that a lot of people capitulated low or forced when they need liquidity. There's just not nearly as much supply out there as I thought on a lot of these actual projects and coins.

Yeah. And I think 72% or more is staked in total and it is it is a very lucrative thing to stake as well which to my surprise uh when i started i was always fearful of staking stuff but then i started with a third of my bag and then 66 of my bag and now it's pretty much all staked because i was stunned how much it reduces your cost basis over time yeah it is quite it's pretty much all staked because i was stunned how much it reduces your cost basis over time yeah it is quite it's incredible the longer you stake obviously the longer your cost basis i want to say one thing just circling back that i loved you sort of said that 151 was the consensus based on an average of different models correct i mean is that let's go back to it summary yeah yeah Yeah. So I love it.

There's a classic I've written about it a million times. It's called The Parable of the Ox. And it's the idea, for anyone who doesn't know, that basically it's a story about people going to a county fair. They all guess the weight of an ox, and the person who's the closest gets to keep the ox. But it shows us that people are absolutely horrible individually at making predictions. But what the guy who did the study, this is way back, realizes that when you took the average of everybody's horrible guesses, it was actually within like one pound of the weight of the ox. And so the wisdom of the crowd, when you average those guesses, even if the individual

guesses are bad, tends to be very correct. By the way, that gave me a price target of $235,000 for Bitcoin. But hey, we don't need to get into that based on a bunch of hyperbolic price models and people telling me it's going to zero. But yeah, I think there's a lot to be said for not trying to outthink yourself by being the one who gets the right model, but sort of taking everyone's opinions or, or their targets into consideration and averaging them. Yeah. And in fact, for me, I like to create many, many models based on many different parameters, and then average them all up. So I was doing the parallel VX accidentally. Yeah, yeah. Good. So that's it. There's a another chart too, which we could look at later if you want, but that's

kind of the Sol price target slide news as well as we go forward. Oh, there might be more as well. Let me pop in. First of all, this is another exhibit I put together for you. Mind blown by your depth. It's incredible. Yeah, keep going.

This is what we call the SCP profiler. It looks at the top smart contract platforms, everything, including fake, scammy stuff and everything else in between. But we track literally way over 60 real-time parameters and put them into this big machine. I kind of call it a gonculator. And it creates composite scores on everything.

You know, whether you're looking at DEX volume or daily active users, TBL, you know, fully due to market cap. We have another thing called Crypto Compendium, looks at tokenomics and compendium scores and regulatory risk, all that type of stuff. And then we get some answers. But there's some interesting things that did pop up here. If you look at DEXx volume for example these are stat ranks from top to bottom eth is still the biggest dex as a layer one layer two i'm not

including rune okay because that's not a layer one layer two it's a separate category but for the layer ones that layer twos that do this and a lot of other stuff salon is now second place and uh literally two months ago it was like fifth or sixth place. So you know, things move very fast in crypto and people need to be aware of that as well. The other interesting one is, what is this one again, this is daily active addresses. Again, this popped as well. This was even higher, because it's real time, like yesterday was like 400,000, it exceeded the number of daily active users for Ethereum. But again, still trades at a fraction of the market cap.

Can I ask a question? Yeah. With all that in mind, because this is not my core competency, how much of these metrics is effectively determined by price simply going up and how much of it is real adoption? Yeah, not that much, actually. I was expecting a pump in daily active users during the Solana conference. It didn't happen. I was expecting a pump in daily active users for Cardano during their conference.

It didn't happen. But price went up during everyone's conferences. Yeah, but the fundamental metrics didn't change at all, which took me aback. But there are things now that people are beginning to sniff out things like DEXs, the best, cheapest, fastest. They want to reduce their gas fees, transaction fees. And they're sniffing out different platforms now as well. You're going to see a lot of good action happening on Jupyter and Orca and other players too.

So that's helping the narrative as well. And then development activity, another key one to look at. And this is just, I'm just giving you a tiny glimpse of what we track here. The development activity, number of weekly core commits.

Number one is Solana. Number two is Cosmos. Number three is Ethereum. Number four is Near. And Near popped, and so did Cosmos. Cosmos popped last night. So this is a very important metric

for your audience to track as well. It's following. I would make the guess maybe it's following price. People see the interest, the price goes up, and then all of a sudden developers start paying attention again. And so we see the lagging sort of pop in interest afterwards. Coincidentally, during the bear, these numbers were higher. During the bear. During the bear, exactly. So, you know, I think once the price action starts to go up, the developers start sitting on their hands.

So it's actually just like, well, look at me now. I've got every, every, every project head or developer I talked to even, you know, exchange execs, they all say exactly that. They say that you have to build during the bear market. The minute prices start going up, there's too many distractions. Then you have to worry about the investing side and you have to worry about the people who invested in you. You have to worry about all your new signups. You have to worry about customer service. All of that happens in the bull market where prices rise. I mean, what actually quietly wrecked a lot of the platforms in 2022 is that they literally just got too many customers too fast and couldn't service them and then got greedy and fell down the risk curve and imploded, right?

And so I think that the bear market really is a time that people who are building things and doing real projects in this space can spend their time building those things. So it's amazing, actually, to think of it that way. Anyway, I know you want to talk about Solana. I think we kicked that one to death. Yeah. Let about some others right we have another half of the title what coin will pump next i actually so my theory after solana was that all the layer ones that had conferences would pump and they did near and then cardano they had their conferences i guess uh ape went up a bit i wouldn't even necessarily call it a layer one, obviously, but they burned everyone's eyes. So I don't know if that one lasted. But what are you looking at now in context of this boring,

you know, two and a half X Solana can do? There's got to be others now that we think can make larger moves. Well, off the bottom, it's over 500%. It is. It's just the speed at which it doubled or tripled kind of took a lot of people by surprise. I like to go from 20 to 60 in a matter of weeks. And I was pumped out.

And then what happened was the psychology of investors, because they're so used to it being flat for a year, they're like, okay, it's gone to 40. I'm going to short this. And then you got all the short squeeze layered on top of the actual natural pump too, which took it even higher, faster. So that's just that weird thing. So in terms of the stuff I'm invested in, I have the big three. I've been invested in Ethereum. It was my first ever altcoin. I was late to the altcoin party, been in Bitcoin since 2017. Bought my first alt coin ETH in March 2020

on that glorious shopping day. Were you a Bitcoin only guy for all that time? I don't think I knew that. That's crazy. Yeah, March 12th, 2020. That was the shopping day I assume you're talking about.

So I took six digits and I bought like a truckload of ETH like in one fell swoop. And since then, I pretty much haven't added or deleted it. You don't have to. You bought the literal dead generational bottom of the cycle in one fell swoop. And since then, I pretty much haven't added or deleted it. You don't have to. You bought the literal dead generational bottom of the cycle. Good job. Yeah. So that was a day when I closed my office door. I was a wage slave. And I just said,

cancel all meetings. Just went shopping that day. So that's kind of a lot of my style is you have cash on the side at the right times and you run into burning buildings and it pays off dramatically. But I'm getting close to the stage now where I'm going to, like, I never thought my Solana position would exceed my Ethereum position, but it's smoked it. I shared you my portfolio holdings yesterday. It completely smoked. And at this rate, actually, I calculated if Bitcoin stays equal, Solana will beat the size of my Bitcoin bag when it reaches $86. Wow. Which is kind of stunning.

You're stacking something since 2017, and then you start buying something over the last year, and it gets bigger faster. And that's, again, how fast these things move. But what happens next next i'm not sure where we go next um i think i think ethereum still has legs but apart from that i do have i do have some speculation so what i do is uh identify a narrative that i like and then i pick the winner based on the models so one of them was ai and the winner of the ai across all the models

render also happens to be part of kind of the AI across all the models was Render. Also happens to be part of kind of the deep end Solana network, which kind of is a synergy there. And the other one is Injective Protocol, which has been a beast. Yeah, Injective is one of my biggest positions. I wanted to show you a neat story that I don't think I've ever shared here, but it's fun. A lot of sharing today. Well, it's in the last cycle. I keep thinking of things you say that remind me of the last cycle when I had no followers. You know, 44 hearts was a whole lot for me in 2018. My ETH orders are at $82. That was on December 6, 2018. Let me see. Somewhere in here. And yeah, it was like in the hundreds and it went down and literally bottomed at 80. And that was my biggest ever Ethereum buy as well.

And that was the dead bottom of that last. I should have probably sold more around 5,000. Still riding the bulk of that bag. But yeah, exact same thing. And those were, these were, honestly, it's not the same now, but I have the same vibe from people talking about ETH watching Solana run, right? It's not the same as as a generational bottom fear buy. This is more a time-based capitulation. They've just given up on it because it hasn't moved enough

for their short timeframe investing strategy. I just don't see how ETH doesn't absolutely rage at some point here. Yeah, especially with the fact that the bond bond market i know you're in tlt which which is a question for you i don't know i don't know why i know like when you pair that to crypto like you've been a tilt investor i'm pretty well diversified yeah i mean no matter how much i like crypto i'm i've uh i've gotten rinsed so many times in markets that uh i just will never be all in anything. I mean, listen, at the top of this last cycle, I was like 90% crypto, but that's because crypto did that to me.

I didn't plan it and there was no time to... And the market's taking care of that on the other way down as well, by the way. But I'm just a mega long TLT because A, Maglum gets me sold sometimes. It just felt like me to, it was sort of the same thing. We saw this massive capitulatory selling volume here, historic volume of bond selling yields hit a fat 5% level that people said, if it goes above five, it's going straight to 10. No, it was like sort of a gratuitous top to me. I mean, I'm looking now it's at 90 bucks today. Not bad. Here's TLT chart. But, and also, I mean, mine was looking now, it's at 90 bucks today. Not bad. Here's TLT chart. And also, I mean, mine was a technical trade and massive oversold bullish divergence, which is my personal

favorite signal with RSI and popped right off that. I mean, my cost basis is just under 84. So listen, yeah. When you're talking about crypto, we're like, oh my God, I'm up 5% on TLT. It's amazing. But it does have some carry and you get the benefit of the rates and stuff. But yeah, I mean, I have a pretty robust portfolio of other things outside of crypto and I don't judge them on the same sort of, I should be getting 5x upside lens. Because listen, with the 5x upside comes 5x downside risk, right? Yep. By the way, I invited my community to join your show today. It's amazing. I love having them over here. I see the chat between your community and mine. It's really fun.

Yeah. And everybody, don't forget to subscribe to Scott's channel. He's the best in the business. Come on, guys. And to James's, of course. A humble guy as well. But the salon has gone up 10%, literally, in two hours. And I don't know if it's all because of you, Scott. No, I want to know. But the salon has gone up 10%, literally, in two hours.

And I don't know if it's all because of you, Scott. No, I want to know. Gary Gensler, if you're watching, I had nothing to do with this. That's Gary's job. Gary's job is to pump coins. He just pumped FTT like 200% the other day. Do you have a view on Injective? You just sort of mentioned it.

I've got many views, but not ones that I've prepared here but it is off the cuff it is solid charts solid tokenomics uh if you want to look at some charts we've worked on a new thing actually it was originally built for crypto to determine if something is dead or alive or overheated or about to pop so let's uh let's try it let me give me a second to get it ready let's do that and guys you also know i usually have wick on tuesdays he was having some eye surgery but the good news is that means we get longer with james so i i don't know if you have a dead stop but i'll talk forever right until when my spaces starts no no let's let's uh let me pop this up. This is designed for people who kind of, what's the best way to share this? Do I just pick a browser window? Yeah, probably.

I'll let you know when it pops up, but we can talk about it in advance. I have an injective chart here as well. This is another one. I thought it would come back and test that accumulation range around $10 and just kind of mooned. But I bet it still gets back there. I'm still bidding 10 bucks. This is one of my biggest holdings even through the last market. But if you guys look at Injective just while we're talking, its all-time high was 25. It hit 19 here. I mean, this has to be one of the closest coins from the last cycle to its previous high.

Really close, right? So to me, that's extremely bullish. And I was expecting a retrace here. I thought we'd get more because there's bearish divergence there with overbought RSI to anyone who's looking obviously higher highs on price or price on RSI. And now you're getting some hidden bullish divergence. So maybe it heads back up. But I thought after this reaccumulation, you would maybe get the opportunity to test that. What was I wrong there? I got yours. Here we go. Cool.

All right. So this was designed to identify if the original mission was to create a ratio that looked at the distance from all-time high and the distance from the bottom to create what I call a zombie coefficient. We did away with that because it's extremely difficult to dial in because this was originally created just for crypto. But you can see here, if we go through, like if anybody in the audience has any questions, we can run through a whole bunch of different names live. It's designed for people that can't watch the markets 24-7, but they want to make a trade at the weekends or once every evening or whatever else, and they determine exactly what's going on. So quick walkthrough, this red bar at the back

is the bear market. It has the same thing for equities as well, so it can work on anything. And then it has layers, six layers. And you you can see injective is already at layer four which means wow we're so early in the bull and it's already so high and not far from all-time highs the highs as well um you know the trend is still strong trend still going up so it's been a stunning performer but then you can go through whatever the aves of the world did that red arrow indicate that it's a short or just tell you like it's cool off just for curiosity, looking at the arrows? Yeah, the arrows typically,

if you are a kind of a swing trader, it's when to get in, when to get out. There's a back test on the right as well. And then you can actually tweak this. Bear with me one second. We kill some of these puppies. We don't need these. You can toggle it based on your settings.

So a trend is, you know, more precise. It depends. Like if you're doing FX, the cross works better. It takes time to calculate. And then you can go to noise suppression, turn off none. And then you watch the back test on the right and how it changes. Again, it has to do a lot of calculations. So if you just trade, no noise suppression, you trade the trend, you can see if you play those buy and sell signals, you'll have an 86%

win rate. And that's the power of this. But the big idea behind it is to identify if something is alive or dead. Now we are 11 months, I believe, into the early bull market. And if something is alive or dead. Now, we are 11 months, I believe, into the early bull market. And if something is still under layer one, I would question it. It may not run this cycle. So you got other names too. It's interesting because I think a lot of people would say, oh, it's lagging, get in that. Yeah, well, that's what I was trying to figure out is to what extent,

how much patience do you give an asset to pop? Do you wait forever? Do you wait until November 2025? And it's still down here? Because there's so many things that you can look at right now and just rotate back into it when you actually get the signal. Yeah, do you get on a faster horse? So, I don't know, like Avalanche, see where that puppy is?

See, Avalanche is also, you know, it hasn't done very well. Let's look at Bitcoin for giggles. And you can see Bitcoin is, it's a lot of calculations behind the scenes. Bitcoin's already above layer three. So that shows you the liveliness of this asset compared to others. And, you know, there are assets that will pop off the bottom but there are others that won't so injective is one that has done really really well on this and that's kind of where you want to be but there also comes a time where like the injective literally hit level five level six

i love injective like i said it's a long term but like as i look at it i think i mean who knows you never necessarily get them when you think of but i think it's ready to retrace something yeah and that's that's typically what happens especially if you get up to pink unless you get a breakout so if you look at uh other things like nvidia which is close to an all-time high again today uh it's meta made a new high crazy yeah yeah and i'm still holding that well i'm now in the long-term game. I sold it at $314,000, but it was half, half. But it was bagged that I bought down in $220,000 when it tested that $200,000 and down in the $100,000 something. So it was a massive profit. Yeah, I sold some at $314,000.

So there are some assets as well that you got to really watch the trend very carefully. But look at the range of this thing. But this is going to break out. This is going to smash a new breakout level. That is when you go above the pink line, it's off to the races again. I think once earnings happen, they have a new product as well, which is better than the old product, which is already the best. This is another investing issue that people sometimes have. They say, oh, I'm going to buy AMD or Intel because it hasn't run yet like NVIDIA. They're not the same thing, everybody. And this is another most hated asset, by the way.

So yeah. Yeah. But this is, again, this is hated because it's run and people miss the boat and then they like to go back and retrospect. Yeah, I should have known that AI was so obvious, right? And then their hindsight tells them what a genius investor they should have been. I mean, I do. I'm going to be honest, though. I have bids. I don't think, I think you're right. I do 100% think you're right. But I also think that there's a fighting chance that we get to chance to hopefully buy NVIDIA on a big dip, but I could be wrong. So I like that flip into blue. My favorite trade to maybe outside of the fear trade is blue sky breakout above all time high. Right. So you get that break of 502 retest and break. But dude, all gaps do not need to be filled. Guys, it's a breakaway gap. They often aren't filled. But man, I would love to see this gap filled. I just have been sitting at 320 right now, just in case we get one of those sort of like massive stock corrections across the board. But I very, very, very seriously doubt I'm getting to fill that. Yeah, exactly. So anything you're interested in looking at, you think is going to pop next? Why don't we ask the crowd?

Guys, go ahead, throw a few out there. We can't get to all of them, but if you guys have requests and you want to check them out using this, go ahead and do them. I have Injective on Trading Alpha, which I've been using quite a lot. Just look at it. Four hours showing red dots. That generally means the trend is slowing. Daily, the green dots have finally ended. So it doesn't mean it's over. I think it just means retrace. But weekly, obviously, you have a very strong trend on higher time frame. And it gave you, once again, nine bucks after that squeeze on the way up i love this thing i've been using it now for about a month it's uh saved me a whole lot of screening time uh looking at things let's see what we got uh okay we got a whole lot over here man h bar can you throw up h bar oh yeah that's

that's this is actually one of the names one of your of your dead laggers? This is why this model was built. And it's not built for me. It's built to try and convince people, hey, this is zombie. Well, because it can remove bias to be able to look at something like this. You don't even have to agree with how it's made. You can just agree that it's made without bias. Algorand, another one of those. I mean, you can tell.

Actually, there's something very controversial. The H. Bauer bag holders, they hate me. The Algorand people another one of those. I mean, you know, you can tell. Actually, there's something very controversial. You know, the HBauer bag holders, they hate me. The Algorand people, they hate me, et cetera. I know, but I just look at data. So don't take it personal. I just deliver the message to you. But, you know, have you seen a funny trend now? You've got these chains that can't drive adoption.

I think Algorand makes $112 in fees every day. We know exactly what daily activities. But now they're pivoting to central bank digital currencies. It's front and center on their website. Yeah, XRP is doing the same. Yeah, I've seen that. They go work with the government. Can you explain to the audience why that is against our ethos in simple terms?

Because I've tried and I don't get through. Well, I mean, it's not going to matter what chain it's on. It's the idea of the central bank digital currency in general. They've heard me rail about it, obviously, many times. But just imagine all the bad things about blockchain being put into your money every single day, and then you have a central bank digital currency. No privacy, fully centralized. Imagine this world. It's when we become China. But if you want the best example of why a central bank digital currency is bad, let's say you like to transact in cash. You like to have some privacy

in your transactions. Okay. Let's say that you get stimulus. They give you a thousand dollars, but they say that it has to be used in one month and only on shoes, food, and movie tickets. If not, you lose your money. They want your taxes, whether they've calculated them correctly or not, they immediately remove your taxes from your account. They don't like the thing that you just posted on Twitter today. That's minus 10 social credits and $50 taken out of your wallet as a penalty, like a speeding ticket. And you'll just never be able to transact privacy. And they can freeze all of your spending or give you, I guess, stimulus for good behavior. It's the scariest thing in the world. It could theoretically be done with privacy like cash,

but I am not under the illusion that any government actually would want that. Chris Giancarlo used to be the chairman of the CFTC. Actually, I'm trying to remember the name of it. Digital Dollar Project, I think. It's a think tank non-for-profit where he thinks CBDCs are dangerous and inevitable. So he's going to go try to help them to do it in a less dangerous way if it's inevitable.

And I think that's pretty noble and interesting. But yeah, it's very, very scary. Yeah. There's another one as well. One of your audience members. And these people- You can see him over here. Yeah.

These people love, I mean, Hex, if it's not clear to anybody in the crypto space, that that is the biggest scam of this planet. I brought on two hexers. I've been sad. I said that forever. And I was like, you know what? I give everybody a voice. They were just the nicest guys, man.

Yeah. Oh, I saw that video and they were nice, but they were in disbelief. It's like, what type of Kool-Aid are these people drinking? And I felt my heart bled for them. One had a young family that he had to take to some baseball game. Am I not correct? Yeah. He was in like a baseball stadium. Gary, he's great. And we talk all the time, but yeah, I just can't get there. They didn't convince me. Let's put it that way. I tried. You got your kid's inheritance. So have a look at this chart as a TA expert, Scott, what does it tell you? I mean, if you guys have ever seen somebody in a movie when they die and the thing goes, do, do, do, do, do.

That's it. Flatline. People were looking at, there's a lot of questions coming in and we're just going to just, you know. Just cut through a bunch. We got APT, VEC, TRB, Chainlink. You're going to get every, I mean, link you're gonna get every i mean we're gonna get every coin that exists there's a lot of questions for elrond which has had a little pump lately where is egld okay i really like egld so don't give me any horrible news but i know it was 500 bucks i mean it's still down 90 after the yeah there it is all right those guys though so here's elrond and it's you know it has had a huge pump, but this is the perspective.

Again, if you're not at layer one 11 months into a bull, you're probably not going to make it. And the fundamentals and the SCP profiler scores for Elrond are very poor. If you're not on par with the winners, you're not going to do well. So, Scott, I hate to be a bearer of bad news. What else do people look at? I just really like, yeah, I just love Benjamin, man. I just really like these guys.

Polka dot. And also, I've made my fortune on it already, so whatever. Yeah. I'm playing with the house's money. Here's polka dot. I mean, these guys, you know, have had a huge amount of development and really good technology but no adoption so you got to have multiple legs on the stool um the graph people are looking for the graph right now by the way what's the good news on matic by the way afterwards because

that chart isn't bad but the graph is another one and the graph actually was one of the initial ones. I did this portfolio thing with RAN. And I used the initial, we took us 13 months to fix this one. But I used the ATR to find the graph because the graph was literally at the bottom. It was November, I think sometime before the 12th of December. And I said, there is nothing that shows as much liveliness that is more upside than the graph. And I don't remember what it was trading.

It was trading at pennies. And it has shot up like 12, 13x off the bottom. But you can see it's still like flatlining and way, way, way off the high. And you said Matic. And by the way- This is for me, because this is one of my biggest holdings. And I share, this is Matic. It'sings. And I share this is Maddox.

It's live over the it's alive. We've got live. Yeah. And this thing is going like next stage is going to go to. Although to be fair, I will say to be fair, like the few charts I share, I did say that the main first target was 94 cents. And that's where it is right now. Yeah. I mean, this was gratuitous.

There's a breakout. They're descending resistance, a horizontal line line it retested both in the exact same spot went to the obvious level and by the way that was a gratuitous short over here i've left that on my chart so i can look smart my bear flag but yeah i mean i this one looks incredible to me it's going to 112 and then a buck 50 that's that's very much alive and then choose my target yep and then chain link has also been on fire very much very similar to matic and how it popped of late which is really good but again this you know if if something is still in the zombie zone be careful everybody and it's just a charge can people access this sorry uh not yet it hasn't launched yet we're just doing some final

manufacturing and everything else. Honestly, though, things like this, and that's why now I use that other training alpha thing, just to be able to quickly screen things. Usually going through 100 charts, I have to open the chart, look at it, draw a couple lines. If I see it in that base level, I'll just say, move on and look at something else. That's all I need in my life is faster screening well send me the guy or a faster screener send me your trading view and i'll get it to you um after the show guys i have power see this is what happens you can get early access folly um yeah are we've another one we're gonna get peppered with uh questions by the way every every day i share the top 100 cryptos and pairs and uh this is how i screen them i have them all in here so are we've again it takes time to crunch

a lot of number crunching behind the scenes but come on baby sometimes as well it won't give us our lines yeah yeah it won't give you a signal because it either doesn't have enough data. Like when you look at some of the new tokens. Yeah. To process. There it is. And sometimes you got to hit refresh. So you can see here very much alive.

Oh, that's Bitcoin. Sorry. Not our reef. Oh, Bitcoin's got a lot of, a lot of arrows, man. Yeah. Well, it's very volatile. So that's, yeah, this one, we're not going to get lines because it just simply. But you can tell.

I mean, I don't need lines to know that that's in a sustained downtrend and below the first level. Yeah. Let me try. See, there's sometimes certain exchanges. Oh, that's crypto.com. Let's go to ARUSD on Binance. That'll have the data. That'll give it to you.

Sorry. Very important to find the right asset. Come on, baby. Is that the one I just popped up? I think it is. Okay. Let's switch it to the 12-hour. That's really designed to be used on the daily timeframe,

but you can see here. Come on, baby. It's just not popping. For some reason, it does not like this. So, yeah. I don't know why it's not giving the for some reason. It does not like this. Um, so yeah, I don't know why it's not giving the lines on this one, but this is why we're refactoring it right now.

As we speak, it's not fully ready, uh, for prime time, but you get the idea. You can, you can, you can eyeball it and see what's happening.

And then that's it. Any other final questions from you or the avalanche is another interesting one. Uh, yeah, when you're done with avax i do have some final questions and we got a few more minutes yeah let's pop this off let me go to the daily again optimized for the daily not the four or anything else avalanche still not up at level

one yet and it's you know they used to for a long time during the last bull run, there was a pair I was obsessed with, and that was Solovex, which is Sol divided by Avalanche. And for much of the last bear market, Avalanche was higher. And I was like, how is this possible? The tokenomics are horrible. It doesn't make any sense. Fundamentals work over time, thank goodness. Absolutely. And that's why I changed to Avalanche.

Yeah, what I wanted to ask. And Bullrun Crypto said I'm good at interrupting. Sorry, I get excited. Yeah. What I want to know is, do you believe in the four year cycle? Where do you think we are? I kind of at the beginning, we never really talked about the actual macro cycle. At the beginning, I sort of made the point, hey, this is probably an appetizer to the real bull run. That's my feeling, which means, by the way, there will be huge retracements on the way. Do you think that we're still going to do the kind of up, but slower through 2024 and then the real bull market 2025? Or do you think that potentially the fundamental news like the ETF that we have right now could actually jump this ahead. Yeah, it's interesting. Let's talk macro for a second because I did prepare a slide right there.

This one, this came up, I think it was last night on Bloomberg. It was a UBS analyst that I respect a lot. And basically, this UBS strategist believes there will be a 275 basis point reduction in the Federal Reserve's interest rates next year, way, way larger than the 75 basis points that's expected. And can you imagine the fireworks if that does happen? Now, the reason for that is you ask anybody, you look at the amount of debt that's spinning out of control, and you look at what they're rolling into with half that actual debt to go on a 5% coupon, it's going to explode the deficits way beyond 2.4 trillion, which I think is the net number for this year.

That will force the hand of the Fed. And this UBS analyst is very well respected again. I can't remember his name offhand, believes that could be a huge 275 basis coin. This is what they do expect today. But, you know, they'll be nearly cutting fast. I mean, when they cut, they generally cut fast. It means something's really wrong generally or yeah. So I don't think that this is ridiculous at all. This is kind of the consensus on macro Mondays is that whenever it does happen, they're going to have to cut really, really fast to get

enough liquidity into the system to prop up everything, especially with an election coming. Exactly. Risk happens fast, and that's probably going to happen. But I think back to your question regarding this halving cycles, we have this weird phenomenon. I don't have a slide prepared for this one. We're going into diminishing supply for the first time ever into a halving. Everything is happening earlier. People are stacking earlier. The diamond handers,

the long-term people that hold Bitcoin are not letting go, not for six digits. And then we got the spot ETF coming. We're going to see fireworks this run that we've never seen before. Now, if you asked me two years ago, I'd say the impact of the halving would be reduced over time because it's not from 6.25 to 3.125. It goes down and down. But we're now facing extreme supply crunch at the same time, which means fireworks. So $900 million a month will go to $450 million a month. That's nothing, Berger. I just showed you what FTX was selling in terms of solana and we're talking bitcoin a far far far larger asset now that shows you it doesn't take a lot

of eye pressure to pump this thing to high heaven and i think it'll be a fun fun time to watch that's why i stressed everybody stay healthy my friends fireworks i would say i was like saying the same thing i was on all coin daily the other day and they were like what advice you have i was like i I stressed everybody. Stay healthy, my friends. Fireworks are coming. I was saying the same thing. I was on Allcoin Daily the other day, and they were like, what advice do you have? I was like, I don't know. Stop refreshing your app. Get some sleep. Just go to the gym.

Pump yourself up. Get ready for when the real fireworks happen, because this is nothing. Oh, Christopher Walker says you won't pull out the oven mitt. It's probably been a year. I think it's back here somewhere. You've probably never seen my oven mitt, James. It's been a long time. No. I found's a shib eating it's a uh shiba inu eating ramen oven mitt that sometimes is it a top indicator or something i don't know but uh he brought it up i think it was when doge was running last year i made a joke

i got this at epcot center i have a t-shirt too actually um that almost matches but yeah i found it back there i also have this thing which came out sometimes. This is called the Liquidator. It's a big water gun. Oh. I have one of those as well to shoot hawks in the backyard because they come after the quails. I have Bully

here. This is my little token. I have a bull and a bear. People who have a keen eye, they see that and say, Oh my God, he's gone bearish. And then they go, man, you switch it up on them. That's awesome. Yeah. All right, man. Well, I know we've taken up about 25 more minutes of your time than we planned and it's exceptionally early where you are guys. Listen, I cannot tell you enough, follow him much bigger channel, much deeper analysis. absolutely must watch uh all of his videos

and shows um i know i do so and i know you watch mine because we talk about them right so you've got a very unique spin that you're not going to find anywhere in the cryptoverse and your guests are unbelievable like nlw and um i can't remember, you're part of your Monday team. You got McGloon. Weisberger and Lavin. Weisberger, yeah. Weisberger and I chat sometimes on Twitter. He's great.

And, you know, you've got really good rock stars. So you must spend half your time scheduling appointments. Yeah, it's a big part of it. My producer used to handle that, you know, and so it's been more challenging. But yeah, I mean, to me, like I said, it's all used to handle that you know and uh so it's been more challenging but yeah i mean to me like i said it's all about great guests like you and then kind of sorry

for interrupting getting out of the way and letting them share everything because i would never be able to dig in and model like like you do and get that sort of alpha or deliver it to my audience but i can bring you here and make sure that they see it. So that's the best I can do. And again, I do this to help people preserve their capital and make alpha, preservation first, alpha second, and get out of scam coins, dead coins, things that are hopeless, things that are zombies. And that's a huge part of it as well. Beyond things that move up,

and we've seen already so far in this very early bull market life-changing gains i never even expected this by april 2024 and we are up way earlier it's crazy faster yeah so it's crazy all right guys go to the gym get some sleep eat healthy hug your kids you know take a nap james thank you again dude, I would love to do this more often. I know like I'm killing you on the West coast and, but I do miss that Monday show. So let's, uh, let's figure something out, man, that we got to make something at least more semi-regular. Definitely. Or if you got a cancellation, do what you did yesterday. You know, some people get sick, people get operations and have to get dentist, dental work and stuff. Just ping me, you know,

how to reach me. Okay. Let's do it, man. Thank you, guys. Thank you. Welcome, James' audience. It was great to see you guys here. Appreciate all the positivity. Really nice time in the chat over there as well.

Thanks, everyone. I will see you all on Monday. Thanks. Bye, James. Cheers. Bye. Let's go.