PUMP, PUMP it up…PUMP the Bitcoin….but what comes after a Bitcoin pump?? Well of course
those altcoins do…many of them are already starting their BIG pumps!! Altcoin pumps are
a precursor to something in the markets, something called airdrop season…and guess what? Many of you,
the Chico Army, are about to be showered with a ton of free money from airdrops!!
And those who are new recruits to the army? We won’t leave you hanging…our
content today has new airdrops too!! So get ready….because it’s time for Chico Crypto!!
Well let’s first take a look at that Bitcoin price….there
is no doubting it…Bitcoin has been on a straight up tear the past week….in the
past 7 days BTC has jumped from 43k all the way up the yesterday’s peak of 52k…
Like I showed yesterday, we are 2 months away from the Bitcoin Halving…we are
entering the Bitcoin pre-halving rally stage…over the next 2 months…Bitcoin
should pump…as in past 2 months before the halving Bitcoin goes on significant runs…
But Bitcoin isn’t having the biggest run…when we switch to the top 100 coin on Coingecko…we can see
25 of the top 100 coins are performing better than BTC over the past 7 days
So does this mean we are entering an altcoin season? Are altcoins going to
go crazy??? Well I have a feeling that this just may be the case….
So how do we figure this out?? Well let’s just go
back to the last cycle and see what happened with Bitcoin dominance….
Bitcoin dominance….started to rebound in a big way beginning in May of 2018 & it
continued to grow and grow…until it peaked out in September of 2019…from the May 2018
dominance low to the September 2019 dominance high, this was 485 days….
After this….Bitcoin dominance dropped and dropped as the market went into an altcoin season…
I wonder if something similar is happening this time around?
Of course it is…the more things change the more they stay the same….
Bitcoin dominance this time around hit it’s low at the beginning of September
2022….Bitcoin dominance peaked out at the end of December 2023….how many days did
Bitcoin dominance grow before peaking this time around? If you guessed it was near 485
days…you are correct….this time around Bitcoin dominance grew for 477 days.
So is an altcoin season about to take place?? Well if you expand out this chart,
you can see since December….Bitcoin dominance has been on the downtrend…
Here is a nice chart to visualize this better….as we can see we are due for an altcoin season,
just like the one that happened in 2020….but what’s even more interesting is there was a
bearish cross on Bitcoin dominance for the 2week MACD. This has only happened in 2017,
2020 and 2021, which after this cross, it resulted in strong altseasons!!!
But you want to know what was a precursor to this strong altseason in 2020? The one
I compare to what is going on right now?? Crypto airdrops!! A BIG crypto airdrop at that…
If you do not remember…in 2020….the first major crypto airdrop happened…which helped
kick off the alt season of 2020 and 2021….that was the Uniswap airdrop,
where any person who touched Uniswap was airdropped 400 UNI tokens!!
Well something similar may just be happening RIGHT NOW!!! Massive airdrops are coming and
many of the Chico Army are going to make some BANK!!!
If you didn’t hear yesterday…Starknet just released the details of their
airdrop and 1.3 million Ethereum wallets are eligible!! I wouldn’t doubt many of
you are eligible because…we have covered Starknet and starkware on many different
occasions!! Telling my viewers…to use the different applications building with Stark….
So who is eligible for this airdrop?? What did you have to do to get this one?
Well Starknet put out a good breakdown of where the tokens are going…and this
is where the tokens are going!! Over 51 percent of the tokens are going to Starknet users…those
that played around with the protocol….Just over 2 percent of the airdrop is going to the
developers…those that built with Starknet. Starknet Early Community Members Program is
getting over 9 percent of the tokens! Those that used StarkEX, the predecessor to Starknet are
getting 9.62 percent of the tokens…many of us are going to be eligible for a good batch of tokens!
But Here is a BIG surprise…over 21 percent of the tokens are going to Ethereum stakers!!
I’ve been a massive proponent of staking Ethereum over the years, showing how to solo stake and
more…so many of you should be eligible for this criteria…How many tokens for staking? Ethereum
stakers who began running nodes prior to the network’s 2022 merge event will be able to receive
1,800 STRK per validator, up to 12 validators. Those who staked prior to the launch of Ethereum’s
Beacon Chain in December 2020 can receive 3,600 STRK per validator, also up to 12 in total.
There is actually a calculator to see how much tokens you will be receiving…I’ve
included it down in the description if you want to check your status!!
But what about an airdrop we are all most likely eligible for…that isn’t announced?
What about a the biggest airdrop of 2024 you can still qualify for? Well
before we get into that, it’s time to give a shoutout to the longstanding
partners of our channel, XCAD, who have supported us through thick and thin…and
like always the full details of the partnership agreement can be found down in the descriptons
So I came across this tweet by XCAD this morning saying, on the 27th of March they
will be sharing a groundbreaking announcement that will impact the entire space! And it’s
not just important news for XCAD, but something that will impact all of crypto.
Seems like it’s something pretty DANG BIG! I think we’re at the earliest stages of what
is going to be a mega boom year for XCAD. Why? Well XCAD already
has huge names like Mr Beast and Jump Trading backing them so whatever wild
announcements are coming it's certain to be the biggest news we’ve heard from them yet.
Remember, XCAD is like Chiliz, a fan token platform, but instead of football
XCAD is already endorsed by YouTubes biggest individual creator Mr Beast
So could this be a Mr Beast creator token launch? or another YouTube backer of theirs,
KSI creator token launch? We know they are both early investors into XCAD and two of the biggest
creators on the platform. If they launched a fan token on XCAD it would instantly introduce XCAD
to 10’s of millions of new retail investors. That would truly be groundbreaking and big
news for more than just XCAD! Not only that but very recently KSI even tweeted from his
Crypto account that’s been dormant since 2022! Is this just a coincidence?! I don’t know,...
Now let's not forget they also have their product launch this quarter!! So no matter what they’re
announcing this feels like a huge opportunity for all XCAD holders! My thoughts around this
tweet are of course all speculation, but without a doubt the news feels super exciting for the entire
space, and of course if any of my speculation is correct it’s gonna be HUGE for XCAD!
So, let's take a moment and give a huge shout out to XCAD, long standing partners to the
channel who have been dominating SocialFi and are on their way to becoming the MVPs
Now back to those airdrops. Now we have some unknown information about a highly
anticipated drop, …that sneaky sneaky, zksyncy…
(Link #4 ZKsync airdrop vids-just use clips) I’ve covered this airdrop multiple times on the
channel, probably the first youtuber to speculate about the possibility,
and getting people prepared by showing the many dapps you could use on the zysync…
Earlier this month, ZKSync tweeted….ZK is the endgame…If you didn’t know,
ZK is the money tag for their coming altcoin….
Well shortly after this tweet, the zksync github had some major
updates..as we can see there is a new docker file called Snapshot creator,
and diving into the file…it mentions the snapshot creator twice!!
Zksync airdrop snapshot might have been taken already…which means there airdrop
is coming anytime over the next couple of weeks!!
But what about an airdrop you can still qualify for? Well we just need to check
out DeFi Llama to get an understanding that this is going to be a MASSIVE airdrop..as we
can see Eigen Layer is a top 5 DeFi protocol by TVL already, with nearly 7 billion locked
up. Jumping into the details…we can see most of this growth has come in the past week and
a half, nearly 5 billion dollars have been injected into eigen layer since February 5th
I talked about the Eigen Layer drop…way back in July of last year…so most of the Chico army is
early on this one…but there is still time to get prepared for it…and earn points for the airdrop!!
And I’m going to show you the protocols, who are tokenless…where you can earn eigen points,
as well as get prepared for their airdrops!!
This is SWELL, as we can see you can restake with Eigenlayer…there is Kelp which as we can
see allows you to restake, thus you will be earning eigen points, and there is RENZO which
as we can see they also allow you to restake your ETH…and they even show the amount of
eigen points they have accumulated that will be 100 distributed to renzo protocol users….
I’ve included links to all 3 of these projects below…use them…do
not miss out. Eigen will likely be the biggest airdrop of 2024,
but today we likely covered the 3 biggest airdrops of 2024…because stark is going
to be massive, zksync is going to be just as massive. Cheers I’ll see you next time!