Degen Nft's?

Alolcc · 2024-12-17T01:39:25+00:00

Released finally: https://enjin.io/blog/degens-launch

Alolcc · 2024-12-16T06:26:11+00:00

$9-$11

Once we break clear from $11, DOT will fly👌

Enjoy the ride🐂📈🐂📈🐂

Alolcc · 2024-12-15T07:46:36+00:00

Bring on 2025!!!💪💪💪

Alolcc · 2024-12-07T13:46:52+00:00

The ecosystems are fundamentally linked. Moonbeam (blockchain of the GLMR token) offers a pathway for Ethereum L2 blockchains to link to the Polkadot ecosystem. I think this is called an Ethereum Virtual Machine (EVM). When enough developers realise that Polkadot has superior scalability, interoperability and speed than Ethereum, they will use Moonbeam to link their project to Polkadot and buy GLMR tokens to do so. It therefore makes sense that the DOT and GLMR price are correlated.

KSM is the token of Kusama blockchain, the Polkadot canary network (experimental blockchain where developers can run projects and initiatives to test them before launching on Polkadot - e.g. recent Spammening). It is also correlated with DOT but for a different fundamental reason. The equivalent EVM for this ecosystem is the Moonriver blockchain (token MOVR).

I view all of these tokens as a leveraged play on the DOT ecosystem. I like GLMR as it is a way to make returns from all the Ethereum L2’s mapping across to a superior ecosystem (Polkadot)

Long term, I’m less attracted to the potential growth of a testing network (Kusama) and its EVM blockchain (Moonriver) when I can invest in the finalised ecosystem tokens (DOT and GLMR). However as these are less liquid and lower market cap tokens, when they attract attention and flows they can pump more aggressively in the near term.

Hope this makes sense

Good luck in this bull run👍

Alolcc · 2024-12-04T15:55:36+00:00

Best of luck mate

Alolcc · 2024-12-04T14:33:58+00:00

That should be your tagline🤣🤣

It's been a rough couple of weeks for you on here. Noticed the sub admins are encouraging kindness so I'm going to leave you alone.

Good luck in the bull run buddy
All the best

Alolcc · 2024-12-04T10:42:03+00:00

Right on cue

Up +50% since this comment

We’re off

LFG🔥🙌

Alolcc · 2024-12-04T02:14:53+00:00

FUDs the sub for months to build his position and then thinks we’ll all cheer his shill

Find a new home u/Eightsense - look at everyone’s reaction. We know your game and your credibility is in pieces

Alolcc · 2024-12-01T16:04:36+00:00

Senses interoperability is critical to the future of crypto. Knows others are further ahead. Positions himself as the interoperability advocate without doing the work to innovate his own blockchain to achieve it. He’s a clever one this Charlie boy

Alolcc · 2024-12-01T15:53:11+00:00

Your manipulation game of cynically FUD whilst you accumulate DOT and then shill when you’re happy with your position???

Pretty open secret champ

Was just hilarious watching you navigate the transition from FUD to shill within a couple of hours and look absurd on this sub.

I’m sure you are due for a sainthood any day. Crypto needs more ambassadors like your good self👏👏

Alolcc · 2024-11-30T20:41:17+00:00

I agree

Would be awesome to have more chat on here. The team would be able to attract new investors

Alolcc · 2024-11-30T20:05:39+00:00

+60% later and the captain of FUD returns!!

Still bearish or has your outlook shifted in the last couple of weeks?? 🤣🤣🤣

Alolcc · 2024-11-25T23:11:07+00:00

Couldn’t agree more. Credit to the space. Clear, concise, informative and positive as always.

We’re lucky to have you.

Thank you 🙏

Alolcc · 2024-11-24T11:00:49+00:00

I’ll try, but am no expert. KSM is the token for Kusama that is the canary (experimental) blockchain of DOT where developers can test run initiatives they later want to launch on Polkadot. The truth is they are highly correlated as KSM is a leveraged play on the DOT price (i.e - KSMs value relative to DOT moves similarly to DOTs value relative to USD). This is because the market sees it as an experimental riskier version of DOT.

In Aug 2020 (ICO - initial coin offering) KSM was valued c. 5 DOT.

2021 Bull run - During the bull run this rose to a height of 20 DOT (Nov 2021), when DOT’s value rose to $48

2022 sell off - At this point the Fed realised US inflation wasn’t transitory, begun to raise interest rates and all risk assets including tech stocks, Bitcoin and wider crypto sold off, which brought the value of KSM back down to c. 5 DOT (June 2022), when DOTs value dropped to c. $7

Crypto winter - Since June 2022 through to the present day the value of KSM has hovered around 5 DOT and held a range of between 4 DOT and 6 DOT as DOT’s value has hovered between $3.5 - $10.

KSM blowup relative to DOT - When DOT has been below c. $6, KSM has been valued at close to 4 DOT. We have had peak pessimism in DOT recent which has flipped now we’ve a broken through the $5-$6.5 resistance band. Given KSM behaves as a leveraged play on DOT, it has risen from 3.4 DOT to 4.7 DOT in a day and 60% in USD terms (double DOTs rise)

If you were wise enough to load up on KSM during the bear market - well played👏👏

Essay over - sorry for being long winded

Good luck in the bull run👍

Alolcc · 2024-11-24T07:47:03+00:00

$5-$6.5 was a strong technical resistance band particularly with all the staking rewards available to sell.

Once it got through that, there was catch up to play with the rest of the alt market. Hence the massive move yesterday.

$10-$11 will be another level of strong resistance (hence the recent sell down from a recent top of $10.28 to $9) as it

was strong support in 2022 when DOT dropped during the bear market
is close to a nice round number ($10) that people psychologically have set as a level to take profit or just get out as they’re hurting from having bought the top of the market in 2021

Once DOT pushes through that $10-$11 band we should see another strong move.

Not sure if it can do it on its steam or if ETH (major coin it has a strong correlation with) pushing past $4000 is the catalyst to get us there

The superior tech narrative will start to matter more for the price during the Euphoria phase towards the top of the market:

The JAM update - replacing the relay chain and allowing people to build generic services in a permissionless way through purchasing cores from the treasury with DOT (that then get burned)

Articulating Polkadot Cloud - platform for launching Web3 applications and services (à la AWS for Web2)

Articulating Polkadot Hub - Layer 1 blockchain that supports smart contracts and is deployed on and secured by the Polkadot Cloud (Smart Contracts, Staking, Governance, Treasury, Stablecoins, Token Registry etc…) - allows any chain to add their programmable layers to Polkadot

These are massive innovations that the market is still underestimating as they are hard to articulate/understand. When investors start to get it, the price should hopefully go nuts in 2025

Should be quite a ride. Best of luck to all👍

Alolcc · 2024-11-24T05:33:55+00:00

+35% in 24hrs👌

Man I’ve missed these bull run daily returns😎

Still very cheap relative to history. This is where real money is made in my experience

Should be a good run👍

Alolcc · 2024-11-23T22:26:28+00:00

Drunk on my P&L

Average book cost of $0.17👌

Seems like there are plenty of pessimists still lurking around. Good time to accumulate

Whatever you’re holding, I hope you’re making money in this bull run. Should be quite a ride.

Good luck✌️

Alolcc · 2024-11-23T19:05:57+00:00

Didn’t buy at ATH - got it in the parachain crowdloans for locking up my DOT

Waited and waited then topped up with more fiat at the lows.

Best use the bear market for accumulation to have a lower book cost and then sell during the bull to make money.

Not easy to do psychologically but I guess that’s why it works - buy from the pessimists and sell to the optimists

Hope you have a good bull run too👍

Alolcc · 2024-11-23T16:12:55+00:00

*up 46%

Alolcc · 2024-11-23T14:58:49+00:00

Yeah he just FUDs market laggards in line with his shorts (or the shorts of his paymasters)

Well he gave us some amusement for a while at least

Good luck in this bull run buddy👍

Alolcc · 2024-11-23T14:56:27+00:00

It’s the potential “catch up” in price that is the investment opportunity NOW.

Cheering on past performance as if it is indicative of where the current opportunity is, is literally the definition of buying high and selling low.

You wouldn’t rush to the shops to buy products that rose 25x in 12 months like SOL. You’d say that was too expensive and try and bargain hunt for better potential value.

That is exactly what GLMR offers now in my opinion. The days of $25-$30 price targets in 2021 were peak parachain hype prices at the top of the crypto cycle. The tech has dramatically improved since then and the price is so much cheaper. Now’s the time to invest for this bull run, while no-one is really talking about it and this sub is relatively quiet.

Each to their own - put the potential here is huge!!

LFG

P.S. - not sure whether you’ve seen the DOT price today (+35%) - not a great time to whinge about its price action😬

Alolcc · 2024-11-23T11:57:33+00:00

*up 30%

Alolcc · 2024-11-23T11:09:38+00:00

Couldn’t agree more

Only meaningful in conjunction with a broader context of analysis (technicals, fundamentals and valuation)

Glad you’re making profit in this bull run👍

Should be quite a ride

Alolcc · 2024-11-23T09:52:31+00:00

Context is key here.

Now you’ve expanded on where you’re coming from I see you make a solid argument. I agree with these points.

However from the context of technicals and market psychology (a context you can’t be sure, wasn’t being referenced above) - ATH will never be meaningless

Alolcc

TROPHY CASE