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.
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.
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.
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!.