CryptocurrencyScripts

Category: Free flow

When the market returns, memecoins will win again

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Are memecoins dead? As a big fan of utility tokens, I’d so much like a factual answer to be YES. But NO. Simply, NO…not even hard to see. While your utility tokens are wallowing in their usual daily -20%, memecoins are the only ones still putting up the numbers. Right, thousands of them are dead, you can say the same about utility coins, some of which are chilling in your wallet. Memecoin bagholders and utility token bagholders, there’s a pattern here… It’s the same thing.

The argument that memecoins ruined the market is very right. I mean, the random retail investor already lost 70% of their capital to some tokens whose name you’ll struggle to pronounce. Well, this is not why your utility coins tanked; they tanked because other holders lost patience and sold them to pursue some trendy memecoins…the project team members probably did the same.

Now that memecoins are having a hard time, they are being pronounced dead. Not even reasonable when Swasticoin ($YZY) just did 10X, and $DOPE went from zero to a $10 million market cap. The list is long, you can always see for yourself. Apart from new utility coin launches that are still enjoying their welcome from KOLs and a few thousand investors, memecoins have actually outperformed the rest of the market…in general.

So, this article is technically meant to say that memecoins are not dead and will still have a run in a healthy market. That’s it, you can stop here because the next paragraphs are only going to explain why.

Alright, why? Well, because the crypto space has been reduced to a gambling room. Every investor wants to make profits, and they want to make them as soon as possible. Another narrative, which isn’t really a fact, is that memecoins are only designed to fuel greed and have succeeded for the same reason. Altcoins achieved so much success because they were tipped as a more profitable venture, relative to Bitcoin. Remember the 2021 comparisons of Bitcoin and Altcoin Year-to-year price growths? This has played a role in the progress of Utility coins since they became a thing. The regular investor will run to what promises the most profit. In the contemporary crypto market, the cleverest investor is one who is smart enough to split their capital between memecoin, Utility Coins, and a little bit of Bitcoin.

Again, memecoins are fun, the good ones are even great…no doubt. Talk about memecoin launchers running scams; utility token development teams have also ripped investors in many cases. While this in no way supports rug pulls and other crazy misdeeds that plague memecoins, it clearly states that both categories are (almost) equally caught in wrongdoings. A popular defense for memecoins is that utility coins are not fair. 50% allocation for project team…uh.

Memecoins, when done right, create a fair distribution system for investors. In the real sense, this is hard to achieve with memecoins. Currently, it is chaos. Some of the chaos is reduced when the dev is done dumping on the investors and the community takes over and revives the project from near-death conditions. Even after that, they still need to face a lack of commitment from holders, MEVs, and the other hidden wallets belonging to the dev. It’s chaos; memecoin and utility tokens. Probably why both of them are wallowing in crashes while Bitcoin stays above $80,000.

Utility tokens, what utility? It might sound like an easy one to answer, but taking a look at 95% of utility tokens will prove that it’s a brain-cracker. The gimmicky and sometimes non-factual whitepaper, unfair reserves for the team, unattainable roadmaps, market manipulation, fake partnerships, and insider trading. I think utility tokens have had their fair share of irregularities… if we are being fair.

When the market returns, the casinos will be open again…they never really closed. This time, maybe even more. If you think retail learned their lessons, wait until the next ‘celebrity’ drops their memecoin. For utility coins, the good projects will win, regardless. And no, I don’t have any suggestions of good projects to invest in; I wouldn’t be 90% down if I did.

Well…

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28/03/2025
Donald Trump is still a proper crypto president

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Certainly not what you wish to read about Donald Trump, his policies, and actions have turned your portfolio into a graveyard of struggling projects and memecoins. Well, if we overlook the memecoin projects that have ‘Max Extracted’ from the space and milked retail investors to their last penny; the new US President has (for now) been a net negative influence on the digital asset market. Same for stocks, but who cares?

Unending tariff wars, friction with other world leaders, and cutting off international aid programs. I am not American, so maybe it is more agreeable when I say that these events aren’t as negative as they have been portrayed by the mainstream media. Anyways, not to get too deep into it… The 47Th President of the US rallied the crypto bros and was the incoming messiah of crypto Twitter (Crypto X). Bitcoin Summit, Strategic Bitcoin Reserve, World Liberty Financial, relationship with David Sacks. In so many ways, he earned the ‘Crypto President’ before he even became one (again). Fast-forward to less than two months after his inauguration, the US stock market is down almost 3% on average.

The crypto space? Well, I’m down to numbers I never even imagined a year ago. But here’s the fact, Trump’s Presidency was never expected to be straightforward, and several bystanders are certain to take a hit along the line. And no one would have done it better than he has so far, but that’s if you take away the fact that he launched memecoins for himself and his better half…plus one for Barron if you consider controversially official ones. Donald had already become a meme icon before he ran for his first presidency and even more in the second one, and currently the biggest meme material on the internet… “Everything’s Computer!”

His memecoin launch sparked an unsavory frenzy and passively approved another round of Max Extraction of retail investors. Nevertheless, compared to Javier Millie and a bunch of African nations, whatever happened with Trump’s official memecoins was a pat on the back.

If we overlook this, and even if we don’t; he remains a proper crypto president. There are tons of reasons for this and I might be unable to cover everything in a single rant. Anyway, this is not an attempt to convince anyone; so, hold tight to your personal opinions.

First, a Bitcoin-friendly cabinet. Donald Trump (jnr.) is literally a crypto influencer now and David Sacks is big on Bitcoin. The crypto space loves Barron…probably launched a few memecoins himself. Having pro crypto people in the presidential caucus is evident of how far we have gone with the whole ‘web3’ thing. One chat after the other and WAGMI.

Strategic Bitcoin Reserve; the US acknowledging Bitcoin as an asset to HODL is kind of a big deal, even when those assets were only seized from foul players…you can say the same about the gold bars in Fort Knox. Flashback: Bitcoin was created to challenge the government. Unfortunately, this goal is lost and the US recognizing the asset is a bit of an assurance that it will be around for even longer. Adding projects like XRP, SUI, and ADA to the count kind of ruins the mood, but when you remember that World Liberty Financial has MOVE in its portfolio, you’ll feel better.

Before jumping into the next key point, it will be unfair not to mention that Donald has the vibes of a crypto bro. I mean, he literally said we are going ‘to the moon’…peak crypto bro if you think about it. That’s by the way.

The meeting with the Ukrainian president was overshadowed by memes of JD Vance. While I’ll reserve my opinion on the war and everything about it, the world needs peace, and there’s hardly a winner in a war. In his first tenure, international wars were a sparse event. In the last four years, several conflicts have escalated, each one dragging down the crypto space and the stock market. If Donald Trump is on the side of peace-making, then that’s positive for crypto. A peaceful society is economically successful on average. Funding warring nations is directly fueling a feud. If you agree with that, then strategically controlling the funding is a positive move.

Tariffs? That one too. Tariff wars put dents on the economy, which crypto is now a part of. I’m not a politician and have no strong opinion on if and how retaliatory tariffs are right. However, these tariffs have been a blow to my altcoins, which were already on life support. Maybe they shouldn’t have happened? I don’t know but maybe these ‘tokens’ would still be within recoverable positions if countries weren’t inflating the price of items imported by other countries.

Maybe the Tariff wars will subside, or go in favor of the orange man at the end of the day. The point here is, a strong US economy is positive for the stock market and the crypto space. Trump could be indirectly working for a pump by trying to assert the dominance of the most successful nation on earth. The attempt to ‘verify’ the dedication of other nations to a serene relationship with the US is Based…the blockchain way.

A crypto president? First of its kind, Obama had the stature of a proper crypto President too. In his defense, we haven’t made much noise when he was in charge. He’d have loved Ethereum and Bitcoin Cash, seriously. Another one, Rockefeller would have been a fan of Bitcoin and Litecoin too. Without a doubt, Donald Trump is still a proper crypto president. Well, that’s it! 929 words! Oof!

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14/03/2025
Is it really bear season?

If the events in the past two years tallied with the historical order of things, your utility tokens should be at least 5X up now. Unfortunately, that isn’t the case and your portfolio is now a graveyard of utility tokens that would need a COVID-type federal bailout to break even. You are not alone, personally, I’ve stopped taking a look. Investing in utility tokens from promising projects used to be the way to go…it still is, in my opinion. But the fact is, the tides have turned…for bad.

The regular veteran investor is accustomed to running research on fundamentals, team profiles, tokenomics, and use cases and then proceeding to make a sizeable investment. This investment, they hold on to for months and years as the case may be. If the research is done well, and depending on sheer luck, this investment usually turns out well, at least, better than the stock market.

You’ll wonder why this shift happened, it’s all right there. Investors are not interested in the weird blockchain technology anymore. Remember when we used to say “here for the tech”? well, that’s not the case anymore. The quick-bucks gang is winning. It’s not easy for them too, but the chase continues. One platform is blamed for all of this – Pump.fun. Once they are done fighting all the court cases they are currently roped into, they have hundreds of Millions of dollars in revenue to enjoy, I’m sure that didn’t sound cool to you.

So…

Did Pump.fun destroy altcoins?

The answer is NO. Pump.fun is a great tool in its pure form. Arguing in the opposite direction is equivalent to blaming a kitchen knife manufacturer for domestic violence that ends up in a stabbing incident. Cryptocurrency has always benefitted from the degeneracy culture. And you could say that utility tokens are only an advanced form of memecoins. Taking a look at contemporary utility tokens, this is very accurate.

Pump.fun is the memecoin equivalence of Ethereum’s smart contract technology. Everyone can now launch a smart contract token. It is only unfortunate that this has been used to launch only rug-pull memecoins. Cool memecoins have launched on the platform too, the percentage is negligible, to be fair. The memecoin dominance on pump.fun can be likened to the dominance of adult content on OnlyFans. Yes, you’d be surprised to learn that the platform was designed for the general creator economy, like TikTok.

So, Pump.fun and its likes are only victims of poor application and prey to greed and the degeneracy culture. If it destroyed the market for altcoins is a technical Yes, but should it be totally blamed? A definite NO.

Is there hope for Altseason?

You are definitely expecting an answer to this, but take a look at the charts. The brief periods where utility Altcoins showed signs of recovery correspond to moments when the memecoin frenzy briefly settled. The whole market looked on the green path until Donald Trump launched his official memecoin and followed up with another one for his first lady, and then more unofficial ones for Elon Musk, Barron Trump, Satoshi, and you name it. The new frenzy wiped the recovery process and plunged everything back to red.

It appears that the fate of your utility tokens is tied to the end of the memecoin craze or the death of every tool that contributes to it. This includes some of your favorite memecoins shillers. Even blue-chip crypto projects are pivoting to a more memecoin-like culture just to grow. Altcoins don’t stand a chance against the ravaging degeneracy. Old holders are dumping their stakes in some of the best projects to gamble on the next trendy memecoin. Traders, KOLs, and memecoin launchers who make significant profits are cashing out to purchase designer watches and joggers. The whole space is literally losing money.

Not sure if this section answered the question, but the only hope for utility altcoins is the end of the pumpfun-powered memecoin season.

Now the ultimate question…

Is it really a bear season?

Is it? I mean, Bitcoin crossed $100,000 multiple times now and hit a new ATH of $108,000. The presumption that we are in a bear season is only an illusion. A hard illusion anyway. Several memecoins have gone from absolute zero to hundreds of millions, Billions, and then back to levels close to Zero. This is the usual move during bull runs. It is almost obvious that the market indicator points to the same level of greed seen during peak bullruns. But the funds are channeled towards a different class of assets. Failure to play in this field places you on the bear side of the space.

Here’s the bad news, playing in this field doesn’t guarantee a bull-type experience. In fact, you are likely to lose harder. Statistically, only about 10% of memecoin gamblers are in profit. This is normal, as is the case with every gambling and pyramid scheme. To be clear, the only ones in a bullrun are memecoin launchers and ‘KOLS’ dumping free tokens on their followers.

Let me guess, your next question is…

What is the way forward?

There are only two options here, and maybe a third. The first option is to join the memecoin band, gamble on ‘community tokens’, and hope that the devs don’t rug before you get to pull out your capital and some profits. A second option is to stick to the old ways; invest in utility tokens with strong potential and hope that retail pays attention to them sometime in the future. It is pointless saying what I’d do since each strategy has almost the same chance of success. But here’s a third option… Invest in Bitcoin.

Yes, Bitcoin. It is the most sought-after asset in the world right now. Yes, you have to bear with the 30% year-to-year growth, but that is better than losing everything to a memecoin launcher in a third-world country or celebrities looking to strengthen their pockets.

Well, that’s all there is to it. If you enjoyed reading through, consider following our Medium publication and Newsletter for more of this!

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05/02/2025
Snack Talk: The Steak

25 years is not exactly fitting for an $8 billion fraud, but the justice system is a ‘god’ figure and has a very little history of being queried successfully. The Luna guy is still being shipped through prisons; we might have a prison break soon. Wonder how many memecoins we’ll be getting from these stories? Should be a lot.

I’m taking some time off to add one more episode to this series and it’s not because the steak tastes nice…well, maybe; but it’s been a while since the last one. There’s been a few notable events since then; like Bitcoin reaching new ATH and memecoins shitting on ‘blue chip’ utility coins. This could change when the AI wave returns. But before that happens, enjoy seeing a new dog stuff in the top 50 ranks when you open your Coingecko application.

About a week to another Bitcoin halving, last time it happened, we had some miners closing up their mines and moving on to ‘better things in life’. Well, they came running back when Bitcoin did that price bump thing. This time might be different, it is the healthiest I’ve seen Bitcoin before a halving. Almost 6X up from the previous halving. We’ve had at least 20X scams and 200X rug pulls since then, but the ‘investors’ greed is still at ATH. That might help push this thing to $250k and you’d be able to pay off the lease for your Lambo.

The light is all on Bitcoin, but some other guys will be halving too, BSH, LTC…and BSV. Still a fan of Mr. Wright. A real comedian, that one. If the Boomers and Millennials at Blackrock don’t buy up all the Bitcoins, then retail could still feast on the debris this year. It might be the other way around since this space has been overtaken by Wolves. They went from memecoin rug pulls to pre-sales, that’s just a simple evolution.

Not sure how long I could go without mentioning the lifeblood of the current crypto space – Airdrop Hunters! It’s been quite a year for anyone in that hustle. Tons of ‘projects’ launching with an airdrop taking the lead. And yeah, the earndrops. Those ones are the real money mines, but not really for the hunters. You could simply launch anything with incredible liquidity and Market Value. Just make sure you grease the palms of the airdrop hunters, sorry, community. And community is everything…I think so.

I’ve got a ton of respect for the real builders in the space, the ones working hard to create new narratives that will be eventually overtaken by scammers and memecoiners who are still a subset of the former. The real competition in proliferation is between memecoins and ‘AI-powered’ projects. ChatGPT is probably the most forked or ‘leveraged’ codebase since Sam and his friends announced it. We could see something similar when DePins and RWAs hit the ground running.

Anyway, very excited about the Fetch.AI, AGIX, and OCEAN merger. In a space where everyone is launching pieces of mediocre projects, it is a breath of fresh air to see three reputable projects come together to build something that could actually help. Decentralized AI is the way to go and this is just the right time to make such moves. ASI has all it takes to be a leading figure in the crypto and mainstream AI space. No pun intended, super excited for this one!

Well, it’s almost 600 words and this rambling is meant to be 600 words long maximum. But the steak doesn’t taste bad. Even if it does, the cost is something to consider. Might be a while before the next episode drops. But there’s been like five already, you can binge-read till the next one. Probably when Bitcoin hits $100K…if it does.

12/04/2024
Snack Talk: The Green Tea

Green Tea doesn’t always taste nice and this might be reflected in this episode. Picking it for this episode was so random, but that’s just how the whole crypto space is. We were promised a bullrun immediately the Bitcoin ETFs are approved. Not all promises get satisfied, and this one has successfully joined the list. I mean; I already planned my first payment on a gently used 2001 Honda Civic, but by the look of things, I might just get a 1998 Panda. Now I said that with much positivity. Considering that Grayscale still has thousands of GBTC waiting to be sold, the public bus service might still be all I have. I had to personalize this because anyone shorting the hell out of the whole space should be on that Lambo dream.

Alright, shake that off, we might still get the Bulls this year. It’s a halving year and some guys just made over $100 million from that XRP hack. If they put all the money in memecoins, we might just get many 100Xs and subsequently a bullrun. Dare to dream, huh? I’d get a Lambo before anything else, but I’m far from being a hacker.

The Super Bowl is just around the corner, the last time it happened, every ‘big’ crypto firm was all over the place. Safe to say we funded the Super Bowl that year. Coinbase, FTX, Crypto.com…even the Super Bowl committee must be mouth-gaped at how much money these ‘internet coin’ guys can cough out for a 4-minute advert. But that was before they learned that we buy naming rights to sports centers. No pun intended but you’d expect things to go left after all the rights we bought. This time will be different though, or I hope so.

For the third time in history, memecoins could rule another bullrun. The narratives will even be funnier this time. The good thing is, the NFT scams in the name of memecoins might not work this time. Good news, right? The rug pulls will still continue. And airdrop farmers couldn’t care less about a bullrun, it’s always raining free money in their space and every testnet can boast of hitting one million farmers…sorry users; within a month. Good to see how much difference the thoughts of making a couple of free hundreds could make for a project. A silver lining is the fact that projects are substituting private sales with the initial liquidity provided by the airdrop hype. Anyhow that money is made.

Heard the American government is selling off that Silk Road Bitcoin. Everyone seems to be hunting for that crypto money lately. Not sure what they intend to do with the money, but whenever anyone sells crypto for fiat, that Lambo dream comes to mind. The German government is seizing crypto too, this is what mass adoption looks like! The good news for this paragraph? FTX might just give you back all the money you kept on their platform before they closed the doors on everyone. Considering the amount of Bitcoin they dumped on the market recently, this should be doable.

DePIN, AI, fit in any other crypto narrative you have in mind. We are really advancing in technological terms. The surprising thing is how these projects have been in existence for years and just pick up pace when these narratives are carried by influencers. This why I hold memecoins in high esteem, they have been here for years (well, not most of them) and have managed to be a booming narrative throughout this time, especially the dog-themed ones. Not a huge fan of dogs but if that memecoin will bring in the 100X then we all love dogs. The higher the MC, the more loveable the dog breed becomes.

Alright, just to end this long screaming and go back to something more beneficial to society, I’d have loved to put some words in for everyone hustling for the Lambo money. But since Elon Musk called crypto a ‘hustle’ on SNL, things have never been the same. So, whether we go to the moon or remain here with the stars, it is important to have a place in your heart for the real technology and the real builders in this space…like Vitalik when he’s not on a Fashion show. True nerd, that one. Five more of that and we could be three steps closer to the Satoshi vision. But it’s fine, we are still good with all the Ben Armstrongs we have now. And Ben is ending his infamous crypto livestream. The only outcome is more enterprises like this rising to fame. All good, y’all stay safe.

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02/02/2024
2024 in the Crypto Space – Year in View.

Bitcoin opened the year at one of the highest price levels ever. Really looking like a solid year, if we don’t ruin it with some funny events. In all my time in the space, I’ve not seen a year as bullish as the one we just entered, but it’s hard to tell the future. $100,000 Bitcoin and $5,000 Ethereum, you are surely expecting your shitcoins to print some good numbers this year too, the Lambo dreams look more realistic than ever. The stars are aligning, but this space has a history of being wild.

This isn’t even financial advice but here’s how we might rock this year;

Bitcoin Halving

At the time this article was written, a Bitcoin miner earns 6.25 Bitcoins for each block they mine successfully. This is set to change later this year after the next Bitcoin halving, stipulated for April this year. 3.125 BTC per block is still a very significant reward. Compared to what miners used to receive, we’ll have a 50% lesser emission rate. This has been shown to have a positive effect on the price of Bitcoin, hopefully, history continues to repeat itself. Bitcoin Cash and Bitcoin SV will also be halving this year; you probably don’t care much, but I just had to put it there in case.

Spot EFTs

If things go as expected, we could have some major developments on the Bitcoin ETF applications from the previous year. The build-up from 2023 was catalyzed partly by rumors surrounding spot ETFs for Bitcoin, Ethereum, and a few other cryptocurrencies. The effect on the value of these assets is out of the question, IF the ETF applications go through, then we can expect some real fireworks, but IF. Apart from the assets with filled spot ETF requests currently, ETF listing applications for more crypto assets could happen in 2024.

Pump it, Nope?

Bitcoin halving and Spot ETFs in the same year. Cryptocurrencies have pumped due to some ridiculous news, these two events are of very much importance compared to these. I’d say we are due for that $100k Bitcoin and $5,000 Ethereum. Altcoins are due for a pump, memecoins too. Everyone, really. Just remember to take profits on some of your ‘blue chip memecoins’ though. This might not last for assets in that class, but this is not financial advice either.

Shift in CEX dominance

Centralized exchanges are controlling crypto trading. For all the average investor cares, this is more than fine. But the thing is, decentralized exchanges are getting better, apart from the periodic exploitations, of course. The big advantage is the freedom it gives investors and project teams as well. The fact that you don’t need to pay a listing fee to create a liquidity pool is cool stuff. On CEXs, listing fees run into hundreds of thousands (dollars). If you are not a liquidity provider, Decentralized exchanges are a bit safe, but don’t forget to revoke access when you are done with your swap. I could make a list of some promising decentralized exchanges; Mute on ZkSync, Uniswap, DyDx, and a few others, but I’m sure there are tons of other excellent decentralized exchanges. These decentralized exchanges will likely challenge CEXs for trading volume. I said, Challenge!

Regulatory crackdowns to continue

We saw many crypto institutions sit in the courtroom and even more invited to investigation panels. Regulatory bodies in different countries are taking a closer look at what we are doing here, and where they see an opportunity, they will certainly swoop; especially if there’s a possibility of going away with a few billion dollars. Don’t get this wrong, the space needs some regulation and we will surely be seeing more of these this year, hopefully they don’t ruin our party!

Bitcoin Virtual Machine (BitVM)

BRC-20 tokens might make the wave this year. SRC-20 tokens as well. But I think another trendsetter will be the Bitcoin Virtual Machine. No need for my personal opinion here, so I will just say what you want to hear; this Bitcoin VM could signal another Era for the Bitcoin blockchain. Decentralized finance and DApps on the oldest cryptocurrency blockchain will be an interesting one to see. Seriously, it will be even better if we just focus on making Bitcoin a perfect P2P payment facility. But that’s my opinion and it doesn’t even matter.

What else?

What else? This post surely didn’t cover everything, neither are the predictions correct. But before you laugh at the ‘ridiculous’ predictions, let’s know what we missed out on, and your personal predictions as well. No, don’t start with Michael Saylor buying more Bitcoin, that’s surely going to happen since the man actually wishes to own every Bitcoin on Earth. Also, what is a Bull run without ridiculous gas fees on Ethereum and some other L1s and even L2s? Maybe good news for projects like ZkSync and Arbitrum. Well, What else?

Concluding, it will be really interesting to see how these events unfold during the year. Sometimes things don’t really work out the way we want them. Hopefully, the disappointment is your memecoin printing a 10X instead of a 100X. Anyways, it’s all the same if you pass up on the profit-taking opportunities. On a more serious note, 2024 might not be business as you know it, even a semi-bear like myself is feeling so bullish! Looking forward to it!

Happy New Year!

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01/01/2024
Snack Talk – The Cheesecake

We are all in support of a well-regulated crypto space, but the regulators should at least get the pronunciation right for the firm they are prosecuting. Well, maybe we’ve all been pronouncing it the wrong way. The memecoin peddlers are already having a field day with that one and that’s fine, a few 10x on those BENANCE coins wouldn’t hurt…before they pull the rug.

4.3 billion cheese in the pocket, you can see the idea behind the title now. The SEC could run solely on the money made from crypto firms in the past three years. Can’t lie, the whole space needs to be tightened up, it is currently loose. But I suggest that Mr. Logan should at least give back some of the money he made from that sports drink stuff to the guys he ran away with their cheese for some NFTs that never came to life.

A silver lining; Bitcoin rose past the $30k area and Ethereum breached the $2,000 level. Even though I don’t have much of those, some altcoins have seen a few gains too. Wondering how I could afford another snack? You have your answer now. I had the opinion that bull runs were fueled by greed and hype, this one could be fueled by conspiracy theories. The Bitcoin ETFs are taking quite some time to go live, the real problem is… every cryptocurrency appears to be getting a Blackrock ETF too. Solana, XRP, PEPE. If you believe the XRP part, you should believe the part PEPE too.

Memcoins should find a way to include an ETF in their ‘utility’ list, but if “they got rid of CZ to pave the way for an industry-controlled Bitcoin” then these ETFs should pack more punch than we expect. Since we are all here for the money, this should be good news, right? No? Have fun explaining the ‘satoshi vision’ to the regular investor who just wants his altcoin to go 5X.

If you want proof that a good percentage of ‘cutting-edge decentralized AI projects’ is just an extension of ChatGPT, the price movements of these projects in response to the hide-and-seek at OpenAI is your best proof. Sack, re-employ; turns out these jobs are more secure than we thought. For whatever reason these guys sacked Altman; the employee movement sufficed…they probably had a hard time understanding Sam’s codes though.

The AI team at X launched a more vicious ChatGPT – GROK. There are more chances that you saw that name first in the Memecoin market. But yeah, crypto always moves first. If there is anything I’m convinced about in the coming bull run, it is that AI coins are going to run to show.

Gensler believes in the possibility of rebooting FTX Exchange. Associated tokens have since gone haywire, and if FTX gets rebooted, the next on the list should be Luna. USTC might already be trading around $0.1 by the time you get to read this article. Still, a long way to go for a dollar-pegged coin, but in this space, ‘never say never’. FTX, Luna, Voyager, Celsius…the list is long, but, one after the other.

I’m revealing the snack of the day for the first time; since everyone is getting cheese, it’s just reasonable to get a cheesecake, and Sprite. Unlike the guy behind the KyberSwap exploit, a handful of snacks could get us ‘fully rested’ in a short while. The Poloniex hacker and the SIM swap guys made the list of ‘cheese getters’ too. Guess the whole space is just about people getting cheese.

Bankman Fried and other FTX guys will learn their fate soon, I will have to drop the pen here and return whenever we have definite news. But if Bitcoin crosses $40,000, then we might be back sooner than expected. Gone past the 600-word point too. Just in case you read up to this point; see you next time…guys! And hit the FOLLOW button!

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29/11/2023
Snack Talk: The Gobsmack!

Hey guys! Yeah…’guys’ does really sound chauvinistic but I’m sure everyone understands. Anyways, shitposting isn’t really my thing and this ‘Snack talk’ thing is a literal shitpost. Like two beer lovers discussing their favorite brand, a better example is two memecoin investors discussing the ‘utility’ of their cat-themed memecoins. Cat-themed memecoins don’t really do so well, relative to the doggy ones, but I get it…we all do.

Alright, I named this one ‘The Gobsmacked’ and I must say I’m gobsmacked by a lot of things. First, uptober doesn’t seem to be turning out great and the charts are looking like it’s Halloween already. Someone played MJ’s thriller on the bus today. Noisy, but that’s exactly what the whole market sounds like. I could go on with the second but if the charts continue this way then Christmas might be in jeopardy. But it doesn’t matter, we are here for the technology anyway. I said ‘we’ like we are not all waiting for the next earndrop so we can ‘cash out’.

Speaking about earndrops, I did claim a few $TIA from the Celestia airdrop. You can check your eligibility here too. Celestia is working on a couple of things that could become useful for the whole space. A bit excited to hold a (little) stake. Anyway, that’s it with the brief commercial.

JP Morgan just launched a tokenized collateral network, that should come second on my list but, then, these guys have been all around crypto and always trying to come in in their own way. Not sure this is the best way to make a dive into the space, but maybe I’m overreacting to an asset-creation platform.

By the way, if you’ve been following the court hearing for SBF and the FTX guys, you should be astonished…’ gobsmack’ is the word of the day. I forgot. Couple of impressive incomes in those lists from Caroline. Not sure which is more lucrative, Sports, Music, or running a crypto-trading platform. If every exchange operator earns that much, then the latter wins, hand-off. If you haven’t been paying attention, this is the second one on my list.

The third one? This snack of course! I wouldn’t be here after 70 days to write another snack-time talk story if I didn’t find a befitting snack. No need to dwell on that, I came across the whitepaper for BitVM. The Bitcoin blockchain could run smart contracts in the near future. Safe to say that even Bitcoin now copies Ethereum. No jokes on the team working on this impressive development, just saying that Bitcoin has spent a majority of its lifetime being compared to Gold. If it finally turns into another virtual machine, then it will spend another decade being compared to Solana, Taraxa, and Polygon, I left out Fantom…another cool EVM network! But technology is about finding out, sorry, that’s science. Never mind, I own up to that statement.

Deploying memecoins on the Bitcoin network would have been historic, but BRC-20 tokens already did that and suddenly no one talks about them. Not sure why they faded so quickly. Big guess, The Bitcoin blockchain was built to support P2P BITCOIN transfers and not inscriptions. Ethereum and all of its offspring were built for this. And if you think Bitcoin running smart contracts will kill off other smart contract blockchains, just remember the same was said about BRC-20. Too early to call it, but this is where we are headed.

I would have loved to put a word out for everyone getting a 10% refund on their failed NFT investments but I never got a refund from the handful of rug-pulls myself and other memecoin investors had to go through. So, if Logan Paul finally sends your 10% Cryptozoo investment back to you, then you should consider buying a good snack and some Sprite. Project literally sound like a straight scam, but that’s how most rugpulls sound. Cool name projects pull the rug equally, don’t judge a book by its cover, this doesn’t apply to your Algebra textbooks though.

Time to drop the keyboard, just took the last bite and it is not certain when the next snack talk stuff will drop. Judging from the current trend, Q1 2024 is very likely. Maybe Bitcoin will be back above $30K then. If the ETFs finally land, then sure, we can be positive. Yeah, that’s it …guys.

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13/10/2023
Snack Talk: The jump-off

Alright, I just got a sack full of snacks, it’s been a long day! The neighbour, just a block away is blasting some hip-hop music. Since this is crypto-related content, you’d guess the artist would be Soulja Boy or Lil Yachty; but coincidences aren’t as usual as we’ve made them be. Talking about those guys, we might see them return to the crypto space when the next memecoin season dawns on us. Soulja Boy led the marketing for the LimeWire token. Unfortunately, it couldn’t do a quick and temporary 10X before it crashed into obscurity. That $30 million ICO fundraiser will be enough to pay off Soulja and Bahd Barbie; since the latter is aboard the ‘content creation’ project as well. Well, time to move on, condolences to the ICO participants turned into bagholders.

Back to my neighbour’s music, it’s a 2009 Kanye, Jay Z, and Rihanna classic. A rich song…literally. But the inspiration for this article didn’t even come from there. Actually, there was no inspiration for this article. I just needed to slow down the half-life of this snack by talking crypto and web3 along the line. This is the first ever ‘snack talk’ (from me), new editions will be made anytime I stumble on a good snack. Good snacks aren’t so common in this area of the world, so, be rest assured that the next edition of this terrible series (might) take time.

Going ahead, UNIBOT is doing some face-melting on the charts, but that isn’t the main thing you should be worried about. There is a new Bitcoin in town, not the Satoshi one, the Obama one. Funny enough, Mr.44 wasn’t even a fan of crypto. He might have taken a few Bitcoin from that silk road seize, but that’s not enough to put his name in a top 300 crypto asset. Mr.45 was a more crypto person than his predecessor. He even runs a whole NFT project. Really significant, for the fact that he did bash Bitcoin. If Americans vote for another Democrat that isn’t Joe, then we might see a real Bitcoin fanboy in the Whitehouse. Heard he got two bitcoins each for his 7 kids. I’d give the best gifts to my kids too. W dad!

Hollywood is jumping between worlds. From the black-and-white world with Oppenheimer and then to the Pink world with Barbie. I’ll most likely pick a Chris Nolan movie, but this isn’t a recommendation. And this isn’t even any of our business, well, until Oppenheimer Memecoins start trooping in. Before then, we can only enjoy the current calm.

But it’s never calm in the crypto space. Just in case you live under a rock, FTX exchange is trying to make a comeback. If you dipped some cash into the troubled coin, you may have seen some pumps a few weeks ago. I’m sure you weren’t expecting that as the main gist from a guy with a sack of snacks. The news is, Sam is getting sued. I whispered those words, don’t shout! We can all pretend to be surprised when we hear that from a friend at work. Talking about friends at work, you should be planning a memecoin launch with your friends, you could just create the next Pepe.

Not sure if you are expecting another full paragraph, it’s just a snack-time talk. I just took the last bite. Last bites are like breakups. They leave a taste until your next meal. If you bought UNIBOT about a month ago, your next meal should be a steak, else, just have a burger and pray for a green candle. Been a good time, this is the Jump-off; title of the next edition will be inspired by the name of the snack. You don’t want to miss it, so just follow, even if it’s just for the sake of following. Yeah, that’s it for now…this Soda tastes bad…

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28/07/2023
Are cryptocurrency ETFs enough to start a Bullrun?

Well, I’m yet to put up a poll, but it’s almost certain that a majority of ‘cryptocurrency enthusiasts’ are yet to understand what cryptocurrency ETFs are. Not sure most care anyways. As long as it keeps the market green, we’re fine…I’m fine too. Pun intended.

Exchange Traded Funds are like pooled funds by users of financial institutions, Like mutual funds. But since we agreed to keep this simple, I’ll skip the details and simply attach a link where you can read up on this. Again, this whole article is limited to 500 words. Subsequent ones will grow in length if Bitcoin blows past $30,000

Bitcoin ETFs, Ethereum ETFs, and maybe one for the handful of memcoins flying around. My wild guess is a DogeCoin ETF; if that fails, a PEPE ETF is my backup guess. Elon is cracking down on Twitter bots ‘powered’ by memecoins, so I will stay away from that space.

Binance’s tussle with regulatory bodies around the world was expected. I must say that the firm is handling it considerably well so far. At least relative to FTX, funds are still SAFU. The market slumped on the news, not surprising when the biggest exchange is getting served by the SEC. Mr. Gensler hasn’t been easy on this space!

But we have the ETF news to thank for keeping everyone in the market. Not a big deal, to be honest. Bitcoin traded below $17,000 this year, and the investors’ spirits weren’t damped. Oh well, it actually was, just not totally annihilated. I’d take an exception for the bears who shorted everything they could lay their hands on during this time.

Bitcoin has tumbled almost twice since this time; altcoins are still left in the dust. The market appears to be jostling towards the green lines. The ETFs are a huge factor, but is this enough to take us back to the late 2020 and early 2021 days? You have your personal opinion, and it will be cool to put them in the comments.

I’ve come across a number of Tweets analyzing how ETFs will push Bitcoin to $300,000. If that materializes, then we are 10X away from the future. Bitcoin will have to behave like a real memecoin for the first time since Peter Schiff accused it of being a memecoin. And that’s fine for me. Even Peter is inscribing and selling Bitcoin ordinals now; I guess that’s a good step to becoming a moonboy. Turns out Gold doesn’t have ordinals.

For the most serious part of this article, I’d like to opine that ETFs aren’t enough to launch us into another Bullrun, at least not before the next halving. While a Bullrun before the next halving will be very much desired, the current sell pressure on cryptocurrencies is something these analyses haven’t considered yet. And mathematics doesn’t always work in the real world. $30,000 for a bitcoin in the middle of a global financial turmoil is already a big statement, and the bears can rear their ugly heads.

But there is still a long distance to the next $5,000 pump on Bitcoin. The market is in a pullback at the time I wrote this sentence. Might change by the time I push this article to my blogs. But for now, we can expect thins to dangle between $29,000 and $32,000 for a while. Even with every institution launching an ETF for the two biggest cryptocurrencies.

Again, we blew past 500 words! You guys owe me now!

28/06/2023