Next Stage Of The Crypto Bull Market | Chiefingza
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Adi, we talked about this for, like, years. Right? You know, range bound markets for majors are are great for all coins when the environment is right. And it almost feels like that's the setup here where everyone right now is kinda hiding out majors being like, you know, I'm safe here. I'm safe in Bitcoin. I'll I'll make more moves around the election, and I'm just gonna avoid alts because, you know, if Kamala wins, story's over. So I do think the market right now is obviously overweight majors and underweight alts. But the game with alts is just so much harder than it used to be. Right? Becau
Welcome back to another thousand x podcast. We've got our favorite guest, chief Ngzah, on to talk markets. Since we last recorded a podcast about a week ago, a lot has changed. Bitcoin is now above 60 k. People are no longer pretty rich. They are simply rich. Tau is almost 600. Things have gone well. But I wanted to start off with, there were two major predictions that you made last time we had you on the pod. One was that AI coins would absolutely rip, and you mentioned tau, and the other was ETHBTC would do well. So one of those things obviously did not work, and then the other worked really
Thanks, guys. Like I said, good to good to be back. This is this is hands down my favorite crypto podcast and, I guess, crypto trading podcast. Yeah. So those those last two calls. Yeah. One worked out well. I I'm sure we'll we'll talk about Tau kinda on the, you know, for on the show. Not not really doing anything with my Tau position. I think there's, yeah, there's there's kind of a lot to discuss there, but, don't don't really feel the need to do anything now. It kinda has some remnants of some of the stronger coins that, you know, went on these big, you know, trending moves sort of last ye
Yeah. I mean, I I definitely wanna get into some of the, some of the nuances of both TAO and ETH with you, and also see what else, you know, you've been looking at. But before we dive into all of those minutiae of those those two ecosystems and more, you're at token $20.49. That was the talk of the town on crypto Twitter. Neither Avi nor I made it out there. Can you kind of can you kinda tell us what happened, what your general takeaways were, and and what what you think it you know? What what what's give us the pulse of the crypto market right now. This sounds like a really like, people were
I I think I mean, the energy, honestly, the conference was great. And, obviously, timing wise, it was took in 2049. You know, you had f one, which just brings general business crowd together. You had Balaji was doing the the network state or his network state event, and, obviously, Solana break point. You know? So the energy kinda in in Singapore was, yeah, was was kind of on fire. And my general takeaway it's funny. This actually happened markets wise last year. I think we bought it around the same time, but I think a lot of people obviously were kinda gone for the summer doing their travels,
You mentioned people are building cool, interesting shit. Can you maybe touch on a couple of couple of projects or ideas that you heard out there that that were kind of exciting to you?
One one event, not to sound like it's like a broken record, but one event that it definitely did stand out there was a, like, a big tensor in Asia meetup, which was I just thought it was a very high signal. No real, like, traders in the room. Just mainly, you know, some of that developers, some some kind of investors like DCG had a presence. And it just felt like it had a real good community feel to it. No frill
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