What would you say if I told you millionaires are conceived in a bear market, and born during
the bulls?
With the way the markets have been trending most wouldn’t believe me…but many who
have been around since 2017 or even before, know that this is the case.
Bear markets provide opportunities you would only dream of, when the markets are going
parabolic and the bull is fully on.
So are you ready for some really nice dreams like Cheech on Chong!?
Well get ready to snooze…because it’s time for Chico Crypto!
Now no one knows where the Bitcoin bottom is going to be…but you gotta know we are
getting close.
Bitcoin has been hanging around 30k for nearly a month now, dipping below, pumping above,
dipping below…and jumping back above.
This is the most stable bitcoin has been since 2020, when we hung around 10k for months.
Stability, and a good batch of it…usually means we are either ready to hit our bottom,
with a capitulation dump or the opposite, right before a big run up…
But no matter what the case is….capitulation dump, or big runup….right now there are
opportunities across the board in the crypto space.
And that is what we are going to be covering today, some of the biggest altcoin opportunities
I see as of right now…
So to begin…I always like to see what people are buying, especially those who have influence
in the markets, and know much more about them than myself.
Arthur Hayes, he is the former founder of BitMEX, which began its operations in 2014
and ran the crypto markets until 2018.
It’s the place where all the volume was as it was the first exchange to provide leverage
to those hungry for bigger gains.
Today arthur is just a writer and trader himself, he talk about the crypto markets with his
very popular medium blog…and whenever he puts out a new piece, the markets go wild…people
across the board tweet about it, retweet, and praise his crypto thinkings..
Arthur understands crypto, he understands margin trading, he understands leverage and
he understands perpetuals.
He created the 1st exchange that could do all of this…
So what if Arthur traded into and invested in a decentralized version of his creation?
Wouldn’t it be interesting that the founder of what was once the biggest centralized exchange
would put a cool $1.5 million into a DEX in these market conditions.
Well that looks to be the case…Checking out DeBank, a wallet tracker across chains,
we can see this wallet ending in 7587, holds nearly 1.5 million dollars on Arbitrum.
Scrolling down, we can see this is GMX, specifically staked GMX, over 69000 of them…and this
wallet also has over 1300 escrowed GMX.
Now…before we get into confirming this is Arthur’s wallet, what is GMX?
Well from their website, it’s a decentralized perpetual exchange on multiple l2s…where
you can trade bitcoin, eth, avax, and other top cryptocurrencies with up to 30x leverage,
directly from your wallet.
No centralized intermediaries, and since it’s all on chain…no funky business.
And checking out the stats of GMX, the usage of the platform is exploding…in both unique
users and new users which as we can see scrolling up to the top, more volume and more fees collected.
Going back to their website, we can see the token ecosystem of GMX, allows 100 percent
of the fees earned by the exchange to go to token holders.
GMX holders get 30 percent of fees, and GLP, their liquidity pool token, gets 70 percent
of the fees.
No wonder Arthur is buying.
Now let’s confirm that is his address.
If you go twitter and search by arthur hayes GMX, you will find multiple posts screaming
and shouting that yes Arthur has bought GMX…but scrolling down further we can find where someone
posts his address, specifically the same Debank wallet profile we pulled up earlier.
But can we confirm this even further?
Well, we can copy his full address from Debank, and then put it into opensea, to see what
NFTs it contains, as we can see, Arthur is the owner of a Rare Pepe, card 1 of 300, The
Nakamoto card…the rarest of rare Pepe’s.
And guess who has tweeted this card??
Of course Arthur Hayes has, back in October of last year, after writing a blog featuring
the card as well.
This was 8 months ago, checking the transaction list for the card, it was purchased by Arthur…8
months ago.
So yes, I can come to an educated conclusion, that this is very likely Haye’s wallet…and
that makes me oh so bullish on GMX…even though your boi Chico spotted it way before
Hayes only even before he bought his Rare Pepe, September of last year…
I got a couple more coins, I see as big opportunities in this bottom of the bear…but before we
get into those it’s time for a sponsored segment of this video brought to you by the
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Links to everything can be found in the description Now let’s get back to those coins I’m
spotting as big opportunities in this bera market…
2 days ago, that Stinky, stankey…chainlankey…release something they have never before.
A roadmap of Chainlink staking…
From the blog, we can see Chainlink says “The rollout of the staking mechanism will be similar
to Chainlink Price Feeds, which went from a single ETH/USD Price Feed on Ethereum operated
by three oracle nodes to now supporting nearly a thousand Price Feeds powered by 50+ leading
node operators across twelve blockchains and layer-2 solutions.
Following this approach, Chainlink staking will evolve across multiple versions, with
the initial v0.1 release projected for later this year.
This first release focuses on introducing a reputation framework and staker alerting
system.
In v0.1, it’s expected that native token emissions directed to stakers will target
a base level of annualized staking rewards of up to 5%.
After the release of v1, annualized rewards will vary based on user fees and the length
of the commitment period, with stakers choosing longer commitment periods having the opportunity
to receive a greater share of the rewards.
Furthermore, stakers in v0.1 will also be eligible to earn additional benefits from
the Partner Growth Program (PGP).
This program is an initiative planned to launch alongside Chainlink staking where Chainlinked
projects provide various benefits to accelerate their growth and align their economic incentives
with the Chainlink community.
Soooo staking version 0.1 will be released later this year, initially a 5 percent APR,
although with the partner growth program that could be increased.
With staking version 1, this will definitely be increased heavily as user fees will be
added into the rewards.
Sooo it looks like my meme magic worked a from just 2 weeks ago…I sang this in hopes
of stopping the Chainlink bottom…
Looking at Chainlinks' price since that video, it’s pamped from 6.31 cents to a peak of
8.80 cents…just a 40 percent increase…me thinks meme magic WORKS!!
Although, because Chainlink staking is coming…there is another coin I’m looking directly at.
That is LinkPool, LPL…
And it looks like the Meme Magic also worked for Linkpool, as I featured it also in that
video.
Since then…Linkpool is up from 3.09 cents to a peak of 4.63 cents, just a 50 percent
increase in 2 weeks..while the markets have been oh so SHATTAY!
So why Linkpool?
Well Linkpool is kind of Like the GMX or oracles…it allots 100 percent of the fees from their
nodes, to the token holders…including the coming staking rewards.
Checking out Chainlink market, we can see Linkpool…has over 25 nodes running, which
is earning token holders over 1500 Link per day.
They are one of the top node service proviers, who has decentralized the economic rewards.
If you didn’t know, Chainlink Market, market.link is owned by Linkpool..they created it.
This is the Chainlink standard for reporting in the network, which means all nodes pretty
much have to register themselves and their metrics on there.
All these fees, as it's a subscription service also go to $LPL stakers.
But wait there’s more!!!
Linkpool has Nodes As A Service, NAAS…if you didn’t know, spinning up a Chainlink
node is freaking complex as can be, but NAAS takes the complexity out, from their website
“Deploy a Chainlink node with just a few clicks to rapidly integrate external data
into your application.”
Yup, they are making it easy for those who want a node, to spin one up….and going to
their FAQ we can see they say this about how they generate revenue.
“We run Chainlink nodes on all networks supported by the Chainlink protocol, operate
Market.link, and in the future will generate fees from our staking pools and other offerings
like Node as a Service.
All fees earned by our products and services are distributed through the Owners’ Contract.”
Told yeah this one was a screamer….cheers I’ll see you next time!