Hey yo Chico Army, how's it hanging on this wonderful September afternoon. With Bitcoin, there
is no hanging around. It’s on the move upwards. So like BTC are you ready to move and groove? While
watching the tube!? Well you don’t really have a choice! Because it’s time for Chico Crypto!!
So let’s begin today with Bitcoin and the price, as it looks like the asset found
it’s bearish September bottom! Like I showed last week, September is notorious for being
RED where since 2013, 6 out the 8 years have been bearish resulting in price declines. Make that
7 out of 9 because September 2021 has been bearish! From $52,700 bucks on the 7th to
the low 2 days ago of about $44,000. A stiff loss of about 16.5 percent...over doubling the
average decline in September since 2013 which was a 7.5 percent average loss!
Now the loss down to the 44k low was an anomaly... due to the Litecoin debacle that happened on
Monday, and as of Tuesday, BTC shook that off, and surpassed where it was before that...making
its way up to the resistance of 47.5k. Now there may be some turbulence here, or BTC will pass
through it….either of those scenarios scream to me...altcoins are going to turn really BULLISH!
Which was already starting to happen yesterday with 25 percent gains, 20 percent gains,
many of 10 percent and..many of these DeFi based protocols! Out
of the top 100, 42 coins had bigger gains than Bitcoins 5.3 percent over 24 hours!
Sooo who are my picks to make the BIG
moves!? Those ready to suck in liquidty and get that Pampity pump!?
Well let's dive right in!! And this one is one I already covered in a live stream over the weekend,
which made it move..and as of yesterday...it was moving again! That is GMX!!
So let’s just hear what I had to say over the live stream
about GMX when it was only around 6 dollars!
This is BIG, this is undervalued, it is a decentralized perpetual options exchange
built on Arbitrum, a blossoming 2nd layer of Ethereum, which is truly
secured by the Ethereum mainnet and layer 1. An Arbitrum TVL is just going bonkers lately,
exploding to over 2.2 billion as of yesterday!! An over 2411 percent increase in just 7 days…
Nyan has the bulk of that, but GMX is also helping a good portion of that. They put out their update
#1 yesterday, and as we can see just since September 1st, over 150 million has been traded
through their DEX. Which means over 300 thousand in fees in just two weeks!! And if you didn’t
know a good portion of those fees are converted into Ethereum and distributed to GMX stakers!
Now GMX can be related to the cryptocurrency Perpetual protocol!
Not only are they similar in what they offer, but I predict a similar thing happening to the price!
The first time I covered Perpetual was all the way back in October of 2020 with this video,
explaining why they chose xdai as their 2nd layer!
How much was Perpetual back then!? Around just a dollar, about 1.16 cents...pulling out the
price chart, Perpetual has been on a freaking tear...without slowing down. Even the May crash
couldn’t stop it. It peaked at over 21 dollars recently and it's 17.50 cents today.
Now some of you will be like, but Tyler, GMX is already more expensive...it’s
around 20 dollars today! How is this going to pull a perpetual? STOP looking at just the
price...you have to look at circulating supply! GMX total supply is 13.25 million...Perpetual
has a total supply of 150 million. GMX has a ton of room to grow still...like a ton!!
And it will in my opinion, because it has backers besides just myself who are very
influential in the crypto space. Dovey Wan, who has influence not only in the
West but also influence over in China and the east has been tweeting on repeat about GMX!
I showed this in the live stream, but over the weekend she tweeted she was lucky enough
to get to know the main DEV of GMX and also said “GMX/Gambit organic accumulative trading volume
has quietly surpassed 1.2 BILLION since April, without engaging in any MM or
crazy transaction fee mining program. True people’s deriv dex, just based!
And then yesterday she tweeted “GMX + L2 = King's
Gambit” & the once again with those words but also “L2 SPEED..No VC, no marketing,
no farming $150m has been traded on GMX & only a week launched on arbitrum!
BASED AF Dovey!
But remember, a rising tide lifts all ships! There is another similar project being built on
Arbitrum and it’s nearly 3x’d in the past week! That is CAP.Finance who even with the price rise,
has a smaller market cap than GMX. UI is about as simple as it gets with a Uniswap type of feel,
but it’s also about as decentralized as it gets. Built on Arbitrum’s layer 2... Hosted on IPFS,
using chainlink oracles for price feeds...not a bad perpetual product!
Now, over the weekend, I also covered a very interesting project...not on Arbitrum, but the
Ethereum mainnet as Mark Cuban has been dipping his toes into it repeatedly...that is Olympus DAO…
Now, this is some Alpha methinks...two days ago, Alchemist Coin’s twitter tweeted.
Have a great week @OlympusDAO @KlimaDAO.. with alchemist crucibles shaking hands with
Olympus DAO’s 3,3 and then Olympus Shaking hands with Trees which represent KlimaDAO!
Sooo, 2 of my favorite projects Olympus and Alchemist have been
rumored to be partnering and creating some amazing stuff soon! But who is KlimaDAO?
Well they are a carbon backed algorithmic currency, leveraging #DeFi to incentive carbon
sequestering...what type of DeFi? Well Klima put out a blog August 8th titled “Klima DAO Ecosystem,
Climbing Olympus” and in it they said “The Klima DAO ecosystem is modeled on Olympus DAO. Iterating
on their work presents the best framework for us to achieve our objectives. We are grateful
for their vision and execution, the example they have set, and advice they have offered us”
Bowchicka wowwow, and the Klima fair launch auction is currently going on
through Alchemist’s fair launch platform called Copper! I’m interested to say the least…
But it’s not just token launch auctions, that Copper can help perform in a fair way! It’s also
NFTs and that is coming very soon too! Cybertooth, NFT artist tweeted “At this very moment, apes are
paying 2 ETH in gas to mint at .08 NFT. And the rest of us also get to pay insane gas today! yay
At the upcoming #BookofAlchemy NFT drop, we will show you a better way. 3 days @copperlaunch…
Yes its an NFT fair launch, and here are the details and benefits. 40 animated NFTs,
each with music attached to them..no gas spikes, no exploits, and the community sets the price for
them! And another bonus, at least 50 percent of the proceeds is going to the alchemist
allude program, distributed to alchemist stakers! Chico Likes!
Now, I know the NFT hype has calmed down a bit, but there will be another resurgence
of the hype in this BULL RUN, so spotting the next BIG nfts projects now will be critical!!
Besides Cybertooth, today...I think I’ve found one..Early as it’s not launched yet...which
would make ole ELON Musk super happy. That is MARS4 which is a NFT metaverse project,
based on a replica of Mars..using data from NASA, so it is exactly how Mars is way up there!
It’s going to create a world on MARs, with terraforming, gamifying
and transforming it into a habitable Metaverse!
Going to the live application, we can see the virtual world created...based on Mars, but there
are sections? It’s gridded with sections...what does that mean? Well each grid represents a
land plot on Mars, and there are just under 100 thousand of them, and each plot is represented
by an NFT...kind of like an NFT land deed! And the NFT sale opens once again today, the 15th…
And what I like is this is one of the first inherent revenue generating NFTs!!
By owning an NFT plot of land, you are entitled to the transaction fees
As we can see from their litepaper they explain how this will work.
Tokens are redistributed to NFT owners from Gamers who staked NFT / MARS$ in the protocol.
.Share of distribution is dependant on your NFTland plots owned and part of the ingame
currency Mars token will be burned in relation with NFT minting! And then 4 percent of MARS
Metaverse game transactions are redistributed...2 percent to yield farming aka NFT holders, and 2
percent to liquidity! Yield generating NFTs...we like that tooo. Cheers I’ll see you next time!