Crypto Breakdown

Episode Summary:

In this episode, I compare Web 3 vs Web 2 and look at the main differences using two popular games Roblox ( Web 2) and Sandbox (web3)

Also see: (RBLX), Decentraland - United States Dollar (CRYPTO:$MANA) - 12 Key Differences Between Web 2.0 and Web 3.0: Virtual Worlds, Play To Earn Games, Digital Tokens, NFTs And More | Benzinga

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Questions? Ask at [email protected] and we will answer!

Unedited Transcript:

My name is Joe Dewitt, and this is the crypto breakdown today. I'm going to discuss some differences between web two and the development of web three and what those might entail. So for this example, it's important to understand the difference between virtual worlds and a metaverse.

So a virtual world would essentially be a virtual ecosystem or a virtual environment where people are able to go and communicate with one another. And are able to complete tasks Metta versus on the other hand, actually reward users for spending time on the platform, whether it be some sort of yield earning or earning a crypto itself.

 The metaverse is essentially where digital assets can be stored in. Ecosystems. So for this example is I explained some of the differences we're going to use roadblocks as the virtual world, because it is a very popular video game that is currently out right now. And for the metaverse example, we are going to use the sandbox as it is very popular and growing in popularity with kids nowadays.

So the organizational structure of these games. Are completely different because roadblocks be in a web to company. It is centrally owned. So it is owned by a company and the decisions are based completely on adding shareholder value. While on the other hand, something like sandbox that is a metaphor is completely governance owned, which means it is owned by its users.

Community vote on different decisions and updates. And there are things called dowse, D a O, which means decentralized anonymous organization. And those dollars are groups of people that actually are essentially active community voters. And they are the decision makers moving forward. So as far as the organizational structure the web to site.

More centrally owned. It is owned by a company that makes the decisions. Now on the web three side, it is the community owning the projects and making the decisions moving forward. Now, as far as data storage goes, something like roadblocks that is centralized in web two, it is completely centralized the data.

It is. And it is for their personal use and their personal gain. Only now web three, it storage for metaverse projects will be completely decentralized, which means all data on these networks will be open source. Anyone will be able to receive the data and look at it which makes a completely open source network.

Now the platform of these games are actually no different. You were able to play most web two games on PCs, counsels, and different virtual reality devices, as well as your mobile phone. Now what three games are available on your PC and virtual reality environments, as well as mobile apps. So there is not much difference between the platforms that these two are offered on.

I guess the main question here would be if you had the choice to play a game on your phone and you could either earn rewards for it or just absolutely do nothing and essentially wasted. On it. Which one would you choose? I think most people would prefer to earn some sort of crypto as they play their games.

Now the digital asset ownership of these two different ecosystems is very interesting because the web to side was something like roadblocks that as a game that you're paying to play for you are essentially leasing your character from the environment. The company still owns it. And there's not really any added value to it, but you are just essentially using it for the time being to play your game.

Or on the other hand, with something like sandbox that is web three, all the assets are actually owned by its users as non fungible tokens known as NFTs. These NFTs allow proof of ownership for you. In order to distinguish the difference between different NFTs, as well as give a really unique aspect to these games and ecosystems, as people get to feel more personal and to feel more personal and they get to hold their identity based on different NFTs that they see fit.

Now, people are able to reinvent themselves, whether that be for the good or for the worse, but it allows people to do something that they've never been able to do. Now with these asset ownership. Another really important aspect of these assets is that the web to side is on a game to game basis. Meaning that you go to one game, you're playing a completely different champion and a different game.

And the next game, these avatars aren't staying the same amongst all the games that you're playing. Not one of the goals for one of three is to have interoperative. Identity, which means having each avatar play and all the games. So you can pick the person that represents you the most in play them in all of the games you want to play.

This just allows for a lot more expression and allows for people to really just  design the way that they want to look moving forward into the metaverse. Now the last part I want to look at about web two and web three, and I truly think is the most important part is the content revenues. So something like roadblocks.

Built in the web two era, let's say for this example, when someone makes a purchase on the app, 30% of everything purchased, goes to the app store. 70% goes to the developers. Now there is no middle ground for anyone else. It goes to the developers because it is a centralized company and it goes to the app store because they have the leasing agreement to have their device on the app store and they have to pay a certain amount to apple or whoever it is, whether it be Samsung or Google.

Now with web. Instead of putting those 70% profits in the hands of the developers, what developers do is they say, Hey, you know what, we're going to make this a peer to peer reward system. So now developers can earn revenue based on royalties, but they don't earn all of the profit. Now, instead of the 70%, let's say that developers earn 20.

And now the other 50 goes to the peers and the actual validators of the community. Now this is a good way to keep your retention rate high as it rewards new players and rewards players for staying active in the community. If you have a game that is rewarding people for staying present and rewarding, wanting another for validating the.

That seems a lot more beneficial than just everyone signing in their credit card and sending it straight to the centralized company. These are just a few important aspects of the differences between web two and web three. But if you have any more questions on the topic, feel free to go over to my Twitter and side.

My DMS asked me a few questions. Also check out the bending as Twitter as we will be hosting some Twitter spaces weekly. So you can tune in there. Any questions you want answered and that's all the time you have for today, guys. Thank you so much for tuning in once again, if you have questions, the Twitter links will be down below.

Have a great Monday

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Episode Summary:

In this episode, I rank the top NFT projects by Market Cap and Volume. Axie Infinity, Cryptopunks, BAYC, Art Blocks, NBA Top Shot, Mutant Ape, CloneX, Meebits, The Sandbox, are some of the projects I look into with their project stats.

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Questions? Ask at [email protected] and we will answer!

Unedited Transcript:

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Episode Summary:

In this episode, I speak with Giorgi Khazaradze CEO of Aurox.

Aurox is a new all-in-one desktop cryptocurrency trading terminal that integrates data with tailored tools and strategies to help make better trades. The terminal offers cross-chain trading and a native lending protocol powered by the Aurox token: $URUS.

Cross-chain interoperability is currently the most significant issue in DeFi. Explaining to the average crypto user how to use multi-chain wallets, bridges, different gas fees, and other complexities is incredibly difficult. New DeFi products are being developed on various chains daily, making it nearly impossible for the end-user to understand the mess. 

Aurox began to develop a unique solution to this problem to combat this evident hurdle. To make DEX trading simple and easy, even across chains. Aurox looks to eliminate and offload all the complexities to the backend while delivering a product to the user that is simple and works. These smart contracts will power several products within the Aurox infrastructure. 

Aurox plans on going public by the end of this year.

Guest:

Giorgi Khazaradze, CEO of Aurox

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Subscribe to our Benzinga Crypto Youtube Channel

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Questions? Ask at [email protected] and we will answer!

Unedited Transcript:

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Episode Summary:

Bitcoin RSI (relative strength index) has dipped below 40% so it does look like Bitcoin is becoming oversold. This would give a solid buying opportunity using dollar cost averaging method.

 

 What is dollar cost averaging?

 

Dollar cost averaging is an investment strategy that reduces volatility for your trades by breaking down a sum of money into smaller portions to trade with.

 

Ethereum

 

Ethereum may have a little bit left in it to rally. This this is a very pivotal time for Ethereum as it is below the 50 day moving average, as well as the 25 day moving average.

 

Dogecoin

 

Dogecoin has been trading below its 25 day moving average for quite some time. Now with RSI is sitting at 40%, it is a relatively strong time to be looking to purchase some this coin. But with a significant downtrend, Dogecoin may not be ready for the reversal.

Host:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Questions? Ask at [email protected] and we will answer!

Unedited Transcript:

Hey everybody happy Wednesday. My name is Joe Dewitt, and this is the crypto breakdown today. I'm going to discuss if now is the time to be buying the dip and everything we need to know about blue-chip cryptos moving forward, starting off per usual with Bitcoin. Bitcoin has been down trending for a few days.

So taking a look over at Bitcoin, Bitcoin has been down trending for the last week and a half. Although today we are sitting at 4% up on the day. Now Bitcoin price is in a position to rally here. It looks like momentum is coming in strong with buying pressure. As volume is continuing to grow. Now, the concern I do have is a lot of media and institutional investors are displaying the notion of a bear market or a longer correction for Bitcoin.

Now, as one of the oldest rumors, By the rumors sell the news at a time like this. When everyone is concerned about something like this, um, it almost shows that the reversal is upon us as the RSI relative strength index has dipped below 40% does look like Bitcoin is becoming oversold. Now, this would give a solid buying opportunity, which is what I would call dollar cost averaging.

For those of you that don't know what dollar cost averaging is, it is essentially an investment strategy that reduces volatility for your trades. By essentially what it is, is breaking down a sum of money into smaller portions to. So, for example, if you wanted to invest $500 into Bitcoin, you would essentially purchase $150 of Bitcoin today.

Wait a few days, or even the next day, and you'd purchase $150 again, and then you'd wait a few more days or you wait for the price to move in the direction that you want to lower the average of your purchases. No, this has been a proven way to get better, um, trades just by, um, averaging out the average price that you buy at on the alternative side to spending all your trade in one transaction, which could be good, could be bad.

It allows for, um, a little bit less volatility, but as Bitcoin is currently trending, I think this is definitely an opportunity to dollar cost. Now taking a look over at a theorem, uh, three rooms candlestick for the day, actually just tested its current support level sitting at about $2,670. The Ethereum price is up 5% today and Ethereum may have a little bit left in it to rally.

As volume is coming in relative strength index sitting at 4,500. Now, this is a very pivotal time for a theorem here as it is below the 50 day. Moving average, as well as the 25 day moving average. Now there was a golden cross recently, which is the 25 day moving below that 50 day moving average, which means a recent price is now getting lower than that.

Long-term price of that 50 day moving average and does signify. A bit of a downtrend, although we have been down trending for about two months now, and this could absolutely be a reversal time for Ethereum. Here has price looks to push above that 25 day moving average. Um, within the next few weeks, if price action can get above that level, it could easily push towards that 3,200 resistance that we have battled a few times on, which will be our new.

Target. I'm just taking a look over at Ethereum. It is definitely a good opportunity to dollar cost average. One thing I would say to look for when you are looking to dollar cost average is draw out some levels, um, or use a TD sequential to see some levels of resistance and support that have been previously used and draw some, draw, some momentum levels there and zones to see actually where price is bouncing.

So on price falls to a lower level of a zone and faces very strong support. That is usually a good opportunity to be buying. Push towards that next level of resistance. Now this is not always the case as sometimes price action will fall below. Um, but that is the point of dollar cost averaging is that one, it falls lower than you would purchase even more.

And the idea is that we never actually know where price is moving or where it's going to go. And that's why dollar cost averaging helps us stay prepared for what might happen. Now. Finally, taking a look over at dos. Doge coin was looking pretty good for a few weeks back in early February. Um, now I would say I'm not so sure we are facing down towards the floor here sitting at about 12 cents that we have visited about a month ago.

And dose one has been trading below its 25 day moving average for quite some time. Now RSI is sitting at 40%, so it is a relatively strong time to be looking to purchase some those coin. But with a significant downtrend, I am not quite sure. Doge coin is ready for the reversal. So if you were looking to buy the dip on those coin, what I would recommend here would be to wait for those coin price to hit that 11 cents as price is a approaching a new floor.

The RSI percentage level could definitely get a little bit lower getting down towards that 30%. Doge coin has been accumulating, lower highs, as well as lower lows. There has been no sign of a reversal. So I would say doge coin has a bit more room to fall. As price looks to fall down towards that 11 cents.

That may be a good opportunity to dollar cost average for some doge coin. Now on the upward swing dose coin has strong resistance sitting at 15. As price reclaims at 15 cents, that could be a good selling opportunity to make some profits as well as dollar cost average on the way up as we hope to approach that 20 cents at the 50 day, moving average.

Now, these are just some opportunities of some of our most talked about coins to buy the dip. Although keep in mind what I'm mentioning with the dollar cost averaging is I'm not necessarily saying that this is the lowest that these coins will go or that this is the prime time to buy the dip. What I like to say is with the dollar cost averaging is.

Space out your transactions into a few days, if not even a few weeks to actually get a step ahead of the direction that it's moving, rather than making just one big purchase and waiting to see which direction it goes, make smaller purchases on the way down and on the way up to help average out your price.

That's all the time we have for today. Guys. Thank you so much for doing. You can follow, subscribe to the podcast, which will all be in the description below. Have a great day quickly. I just want to say that this is not financial advice. I encourage everyone out there to please do your own research before investing in cryptocurrencies, as they are very volatile assets.

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Increase your market now. Boost your exposure to big movers and make informed trades before major price changes, the opportunities are all around you. Subscribe now and will skyrocket your portfolio today.

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Episode Summary:

In this episode, I speak with Carl Hua, General Manager and Chief Architect of CelciusX about their DeFi launch at https://celsiusx.network/

Guest:

Carl Hua, General Manager and Chief Architect of CelciusX

For developer applications to CelciusX: email [email protected]

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Subscribe to our Benzinga Crypto Youtube Channel

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Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Questions? Ask at [email protected] and we will answer!

Unedited Transcript:

Hey everybody happy Tuesday. My name is Joe Dewitt and this is the crypto breakdown. And today I have a special guest GM and chief architect over at CelsiusX Carl Hua. How are you doing, man?

Carl: Good. Good. Thanks for inviting me here. 

Q: absolutely. We're glad you're happy here. Carl, if you wanted to just give a quick rundown of CelsiusX to those out there, listening that are unaware of the platform and want to learn a little bit more.

Carl: So before I go into CelsiusX, Celsius itself is a digital asset platform where we perform various services to our users are primarily users are able to generate yield on. And Celsius X really is the defy arm of Celsius. We're our mission really is to build infrastructure into defy so that we're able to reduce the friction in which we onboard users entity.

Q:And you mentioned that DeFi arm. What is that?

Carl: DeFi stands for decentralized finance today where track five, which are the banks that provide day-to-day sir financial services to the general public, in a web decentralist decentralized finance, which lives on the blockchain. The entire infrastructure is essentially decentralized. There is no centralized entity to control the flow of money. People transact with each other using something called smart contract, which is essentially programs that run on the blockchain and the are various protocols and programs been built on the blockchain to allow financial services to be.

Q: So I'm aware that you guys have an upcoming launch for the DeFi arm. If you want to go ahead and talk about,

Carl: So the initial two product offering CelsiusX is launching with our one liquidity bridge and then two, the initial set of wrapped tokens that we'll be launching with the liquidity bridge. So how this will work is really today. There are many blockchains out there. They don't need to operate. They don't really talk to each other. So assuming that you have assets on one blockchain it's rather difficult for you to move from one blockchain to another blockchain, right? There are some very primitive bridges have been built, but the overall security and usability.Is simply not good enough  for the community. So Celsius X is launching it, liquidity bridge, leveraging the entire infrastructure of Celsius, and we would allow users to deposit and withdraw native token. And the coins on one blockchain and allow them to withdraw on polygon so that people can actually move across various blockchain.

Q:And when is that launching?

Carl: We are launching this on February 22nd now, us to start, and we are looking to bring us into the ecosystem as well as we. Do additional testing, how many active users does the Celsius X network have? So for us, we have more than 1 million users today in the crypto industry. It's significant. We look to expand our user base over time.

Q: And so Carl, how is the CelsiusX. Liquidity bridge going to be a little bit different than some of the other options out there.

Carl: Yes. So if you look at this industry today, especially in the bridging ecosystem, they're largely decentralized, meaning they're actually knows no single party that's controlling the fund. Some of the decentralization is questionable, right. And that has been a couple of hacks in the past. And I anticipate more in the more bridges will be. So we generally believe that institutional adoption is inevitable. And I just don't see a way that given the current state of the decentralized bridges, that we will be able to attract institutional players into the field. Our liquidity bridge is eventually we'll go into the decentralization process, but initially we'll start with the centralized bridge, which is controlled by the Celsius backend secured by our custodian, which is fire blocks. They've been great to work with. So security is. A top concern for entities like Celsius. When we mechanize this type of framework, the other side of the thing is that there are other wrapped token offerings in this industry, though. They're not really retail friendly, right? Meaning that they've wrapped the Tokyo. For the projects or institutions. And if you're a retail and you get ahold of these Ratto case, there's not an easy way for you to go back to the native form.

With that said our Celsius X offering really is geared towards not only institutions as well. We're also looking to penetrate the retail market. So for our wrap token, you're able to deposit withdraw at any given time. So it's real time redemption in. We also have stale. Transparency and accountability.

What that means is that we're actually integrating with a decentralized Oracle services, such as chain link to prove that we're actually one-to-one back, we're not as not depositing the coin somewhere in telling you, Hey, it's. With our custodian, right? We're actually pointing the decentralized Oracle prover reserve service into our wallet or a decentralized vault, depending on the architecture and the types of tokens we're wrapping in.

We're broadcasting that to the target, blockchain that. We'll be maintaining the tokens.  At any given time you're able to audit us and we're not the person that's providing the audit, it's link. They have more than a hundred billion dollars secured. So it's a very proven system to show transparency.

And not only that we have deeply integrated. Hoover reserve into our smart contracts, which will be maintaining the tokens and the we're doing a hard deadline check. If we're at we're not properly, collaterized Celsius is not going to be able to mend the toolkits. So this way we're establishing accountability as well as transparency and all that data is publicly available on our websites.

Q: That's awesome to Hear that you guys are using chain-link Oracles. That's super interesting. Just essentially simplifying the whole process too.

Carl: For everyday users be able to bridge on bridge and wrap and unwrap their tokens. Initially it will be centralized in we'll over time. Decentralization is more multi-dimensional effort, right? And over time we'll decentralize. And we're also teaming up with chain-link to utilize their decentralized protocol called the us CCIP in the future to be able to do. Mechanized this entire infrastructure in a decentralized fashion. So essentially we'll have two concurrent roadmap, right? One's decentralization.

And the other ones aggressively expand our offerings through our existing infrastructure.

Q: Is there a place for individuals out there who want to check out the bridging platform when it launches? Is there a place to go to find it or is it just the CelsiusX website

Carl: So there's two places for the actual wrapping and unwrapping. Please go to the Celsius website. There's a web app. We're not enabling mobile app on day one, but the web app allows you for bridging for additional information on the actual technology. Our roadmap, you can go on https://celsiusx.network/  We have the comprehensive documentation on there. The transparency report, as well as the real-time collateralization ratio is all listed on the website as well.

Q:So as you guys look to expand the Celsius network, are you looking to onboard any new developers or expand your team

Carl: Yes. Thank you, Joe, for asking this. developers, these days are extremely hard to onboard. They're almost like exotic animals.  We have a dedicated email for those of you, those developers that would like to join us.

And that email is X the letter, just one letter [email protected]. And that will be reading these emails myself. So we have a very good pipeline there. So please don't hesitate to reach.

Q: I also got a quick personal question for you. Of course, I had the connect on LinkedIn. I saw that you were a flight software engineer.

I was just wondering how you went from aerospace over to DeFi?

Carl: I started my career in the aerospace industry and then quickly transitioned that to the spacing. That's true. Working for JPL NASA out of a Pasadena. It was a very interesting career path though. I. Brought into the blockchain world.

When the original Bitcoin white paper was published, frat, that was 2009. I downloaded a copy on the Bitcoin talk forum. And ever since it's being, there's just a voice in my head. Hey Carl, like probably you want to do something there took me a while, as you can see, I didn't really transition until 2017.

There was not really a trigger except for the fact that. I lost 95% of my portfolio backing the crash in late 2017. And I just doubled down because I I believed in this and that one day I just woke up and said, this is it. So I moved from California to New York to join a first layer of blockchain first layer.

Meaning there, there are multiple layers layer, one, the startup, and the rest is history

Q: For those of you listening out there that want to go check out their website, https://celsiusx.network/. Make sure to go give it a look, Carl, thank you so much for being on the show . That about wraps it up. That's all the time we have for today, guys.

Thank you so much for tuning in Carl. You were a fabulous guest. I want to thank you again for coming on the show and talking to us.

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This is a replay of the episode that aired on January 3, 2022.

Our host Joe Dewitt is out for the long weekend but will be back to continue on Tuesday! Happy Presidents' Day!

Today On the Crypto Breakdown, host Joe Dewitt looks at the top coins to keep an eye on in 2022.

Airdropped Coins

What are airdropped coins?

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Subscribe to our Benzinga Crypto Youtube Channel

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Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Support this podcast at — https://redcircle.com/crypto-daily/donations

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Episode Summary:

In this episode, I do technical analysis levels for Bitcoin, Ethereum and Dogecoin.

Bitcoin is falling down to support level to $42k. This is a very significant level for Bitcoin.

Ethereum looks like it's making its way back down to $2600.

Dogecoin looks ready to run if it reclaims back to $0.15 but may hit resistance at $0.18. Keep an eye on that golden cross, which is the 25 DMA and 50 DMA.

Check out Tuesday's TA episode.

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey everybody happy Thursday. My name is Joe Dewitt, and this is the crypto breakdown today. We're going to be looking at some technical analysis levels of Bitcoin, Ethereum and doge coin. First off with Bitcoin. Bitcoin is down at 3% today. And as we discussed Tuesday, it looks like Bitcoin price is falling down towards its support level of about 42,000 now.

And as I mentioned in the last TA video, this is going to be a very crucial time for Bitcoin and following altcoins because. This support level here at 42 is a very strong signifier of if we will hold this uptrend, now we have accumulated higher lows. Essentially, what I'm looking for here is to get some higher highs.

We need price to rally a bit up towards this resistance level of 44,000. Now price is falling towards that 25 day moving out. And if price falls below, it could be making its way towards his local floor target of about 34,000. Although it does seem slightly unlikely considering how fast Bitcoin moved out of that zone, as well as the relative strength index, indicating that it is 50% over.

Personally, this does look like a good buying opportunity for Bitcoin. So it is definitely worth keeping an eye on Bitcoin. As some price may start to roll in soon. Taking a look over at Ethereum. Ethereum is following closely and Bitcoins footsteps. It's recent few weeks of price movement look very similar and similar to Bitcoin.

We are also on a red candlestick today, down about two and a half. And the Ethereum is making its way back down towards 2,600, where it is currently at 3000. So as I mentioned, the 25 day moving average on a Bitcoin and we were just above, over on Ethereum here, we were actually below this 25 day moving average, making it slightly harder to reclaim.

 Above that price. So what we're looking here is for this candle state to get a bit of buying pressure. So it does not close below that 25 day moving average. Otherwise, if the stick does close below I'm, it looks like we will be falling down towards that 2,600 and then coming back up for a retest. Now the most likely scenario for Ethereum here is that it falls down towards this 2,600.

It retests back up towards 3000 and gets a little bit of buying pressure. It's 50 day moving average at 3,500 and then experiences a little bit more resistance there. And finally looking at doge coin is also down two and a half percent today, not the greatest day for these three cryptos and it's red candlestick is falling down towards this 14 cent mark.

So as I mentioned Tuesday, we have accumulated some lower highs as well as higher lows, giving it a nice squeeze potential for a little bit of upward momentum. Now dose does look ready to run. It has been building. This little bit of upwards momentum here and what we're looking for to see doge coin build some buying pressure would be to hop above this 25 day moving average at 15 and a half cents.

So it has a cent and a half to reclaim getting above that level and closing a candlestick using it for support at about 15 and a half cents. And then pushing up towards 18 where we have resistance. Doge coin has really strong resistance at about it's actually more like 18 and a half. I could definitely see a target of 18 and a half cents in the near future.

Although we'll have to see what happens in the short term, as we struggled to get above this 25 day moving average, it's important to take a look at that RSI two, as it's dropping down to about 40% oversold. And my final note on dose coin is to keep an eye on that golden cross, which was the 25 day moving average.

And that 50 day moving average, they are getting pretty far in distance. And as the. It is used. You want to see them slightly closer together for a more stable price action. So definitely keep an eye on dose coin as price could definitely build some momentum and rally in the following months. And that's all the time we have for today.

Guys. Thank you so much for tuning in. You can follow, subscribe to the podcast, which will all be in the scripts. Have a great day

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Episode Summary:

In this episode, I look at what the developers at Messari and talk about their portfolio breakdown as well as their Crypto Theses for 2022.

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Subscribe to our Benzinga Crypto Youtube Channel

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Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey everybody happy Wednesday. My name is Joe Dewitt, and this is the crypto breakdown today. We're going to be taking a look at the portfolios of some developers and analyst over add Massari is a crypto research and data company based out of New York, which recently released their 20, 22 crypto thesis along with some of their team's holdings.

And I think it would be really beneficial for us to look through and get some information on what the team's portfolios look like as well as their portfolios. We have. On general defy and the future of web three development, which will be very beneficial to see what these people are coming up with.

 First off on the Massari team, we have Dustin who currently holds a theorem Salana Rory governance token, and a Rory. Now he talks about his interest in modular ecosystems, Ethereum scaling. And metaverse infrastructures like Ron, but mentions that there are not any viable ones currently out. It doesn't, it's also a fan of decentralized cloud computing, like AKT and other chains.

He's also a fan of on chain cashflows, like superfluid, which leads to under collateralized lending. So essentially what he's saying here is that he's a fan of yield farming, which would be the simple cash flows as well as his decentralized cloud computing. Now cloud services throughout the future of defy are going to be very important as well as these metaverse infrastructures.

Like Ron. Now another team member. His biggest winner is AXS, which was actually infinity shards with his return of 23,000. He holds AXS Bitcoin, Ethereum ruin Rory governance, token maker, any and MLN. Now Aiden claimed that he likes revenue generating protocols like defy 1.0 Renaissance. He's very bearish on monolithic smart contract platforms and takes Ron over SLP, which Ron.

The on chain token for the Ronan side chain and SLP is smooth love potion for the end game token of accede infinity. He claims that he had to bet against sky Mabus, which is the company that developed both of those tokens, as well as the game action infinity, because he had to see the SLP enduring it's run as adjusted because it was reaching an all time.

Now we have Jerry who holds Bitcoin, Ethereum Salono and cake. Now Jerry commons, that the re-emergence of Ethereum post-merger and shift back to the alternative , which means layer one's staking protocols and trade via integration with DFI will bring organic adoption back to the defy in 2022, as well as web three infrastructure gateway.

And metaphors infrastructure. So essentially he's looking for dominance to get back into a theorem and move away towards those alternative layer ones, as well as his staking protocols, which staking protocols have been immensely popular over the last few months due to the high yield percentage. And finally, we're taking a look at Wilson who is an analyst over at Massari, who holds hint of theorem, Adam dot ACA and Solano Luna, and apex.

He mentioned modular layer ones and enabling customer. Execution layers with salons being the most viable hedge, multi chain, infrastructure, and tooling, as well as the option to liquidity stake. And he also mentions a few interesting names like the tech iterations from Zika rollout and UX of crypto economies, stark ware, and Zika sink.

And these are all projects. Unlock new types of crypto enabling applications. So essentially a quick breakdown of these analysts thoughts. So modular ecosystems is been a very popular one amongst all these developers and analysts, which essentially just means a dynamic ecosystem for working in scaling as well as the Ethereum scaling solutions was popular amongst all of them and layer one layer.

One for those of you that don't know is just a first layer of a blockchain. So it hosts. Decentralized applications now, amongst all these descriptions, all of them talked about the future of layer ones, as well as many mentioning their liquidity protocols, which would be yield farming or staking, which is actually staking your tokens and earning a percentage on the tokens that you have state as well as just the general belief.

The defy community and projects as a whole. And I hope you guys found that insightful just to see a little bit of their crypto investments, as well as some of their thoughts and ideas on the future of defy and that's all the time we have for today, guys. Thank you so much for tuning in. You can follow it, subscribe to the podcast.

Which will all be in the description below. Have a great day

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Episode Summary:

In this episode, I analyze the bull and bear scenarios for Bitcoin, Ethereum, and Dogecoin. I call out the resistance and support levels as well the RSI indicators to look at where these coins will be headed next.

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey everybody happy Tuesday. My name is Joe Dewitt, and this is the crypto breakdown. Today. I'm going to do a technical analysis on some of our favorite coins, starting off with Bitcoin because Bitcoin looks fabulous today. The Bitcoin daily candlestick is up four and a half percent on the day. And this candlestick is approaching a very crucial resistance level resistance at 44,180.

Now this resistance level has been there for quite some time. I'm approached back in September, 2021, and we actually use it as support. And then in this previous fall a month ago, when it dropped one, Bitcoin dropped down to 36,000, it flipped towards resistance. And now we've been working our way back up towards that 44,000.

Now this daily candlestick is above that resistance level. Now, if the daily candle set can close above that resistance level, that would be a very huge bullish sign for Bitcoin. And I definitely think Bitcoin price is going to start to rally. If this candle state gets a little bit of cell pressure and starts to fall back towards this 41,000 support level.

We might see a bit of consolidation and two, a week of a momentum and up push towards that resistance. So the most important aspect being where this candles candlestick closest today. So definitely keep an eye on what we're looking for is for it to close above 44,110. And if that's the case of Bitcoin rally may be in our near.

Taking a look over at a theorem. Ethereum is also looking great on the daily candlestick is up almost 6% at 5.8% now based on support and resistance levels. Ethereum doesn't look like it is trending as strong as Bitcoin, but it is definitely. On the upswing, we just touched a resistance level on the ninth and the 10th of February.

And we started falling back down towards the support at about 2,600. But today it bulls woke up and decided that they're going to buy some ease and that it's drove prices up back towards our 3,100. So now price is swinging back towards that resistance level at 30 to 50 sorta theorem is looking to do is to get above this 50 day, moving average at $3,130.

And if a theory. On or above that 50 day moving average for about two to three days. We will definitely be in the upswing there and get a bit of buying pressure towards 3,700. Now on the bear stance, if Ethereum does fall below that 50 day, moving average and fails to get above this resistance at 3,200, then price will be consolidating back towards this 2,600 zone potentially falling below.

But we don't have to think about that now until price starts to reflect some of that I'm selling. But for the time being, it looks like we are trending upwards and Eve is close to reclaiming its 4,000 now ending things off with dos coin. Doge coin actually looks surprisingly well here it does look like we established some sort of a floor down at 12 cents.

So doge coin is approaching on the 25 day moving average and accumulating some higher lows, which is very important, considering that there has been lower lows for a few months. Now what that means essentially is just a lower lows means that it's downtrending because it is accumulating lower sell-off and higher lows would just mean the opposite.

It isn't a reversal. So does accumulating an uptrend because of the higher lows. So each time a sell-off approaches, it is actually higher in price than the. Which signifies the uptrend. So this is the first higher, low for dos coin in quite some time here. And as it gets into that 25 day moving average zone, it could absolutely bounce off of that as support up towards that 22 cents.

Now, considering it as an alternate doge coin, what's really going to be important is the movement of Bitcoin and Ethereum and other blue chips. Because as. Move doge coin will follow. So if blue trip is like Ethereum or Bitcoin, start to sell off doge coin and may follow. So that is very important to consider on the alternative.

If Ethereum and Bitcoin continue to trend the way they are building their higher lows, getting above their resistance levels in 50 day, moving average, we should be accumulating some buying pressure and for doge coin, that would be great. Here, if doge coin can get some momentum I'm seeing 22 cents bouncing off this 15.

Support level and this 25 day moving average, plus it's relative strength index, which just indicates if something is overbought or oversold is sitting at 50%. So it definitely has some room to push. And 22 cents is where its resistance is at. So 22 cents could be a target for doge coin and that's all the time we have for today.

Guys. Thank you so much for tonight. You can follow, subscribe to the podcast, which will all be in the description below. Have a great day

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Episode Summary:

I talk about the common NFT scams you should watch out for. I explain what malicious NFT drops are and what an NFT Rug pull means how you can avoid them. I describe what a fake NFT marketplace looks like and how to spot it. 

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey, everybody happy Monday. Hope you had a wonderful weekend. My name is Joe Dewitt and this is the crypto breakdown. So previously we took a look at some scams in crypto. And today we are going to take a look at some scams and NFTs. So the first one would be fake NFT stores. Now these are essentially stores with a very similar URL address with maybe one slight.

And it actually looks exactly like the marketplace or does a replica of a certain marketplace. And what they do is they actually try and connect to your wallet. And the second that you connect your wallet to that third party, your wallet is then compromised. This has been a very popular way to gain access to individuals, crypto wallets.

So it definitely be cautious when you're on a marketplace to make sure that it is actually the marketplace you intend to use another really popular NFT scam, um, would be counterfeit NFTs or artists, and personally. Now, ideally the great thing about NFTs is that this should be, um, verifiable. You should be able to go through and look at the blockchain and say, okay, this artist or this company, or this project, didn't actually make this NFT, but for a lot of people that are new in the space and new coming in 10 FTEs, it's really hard to make that distinguish.

So they end up getting left with counterfeit and FTS or NFTs, essentially with Nova. Because they were actually not done by any sort of well-known artists. So this goes without saying, but when you were looking at an NFT project or hoping to purchase an NFT, it is definitely important to look through each scan or soul scan or whatever, um, blockchain you were using.

Make sure to check the smart contract and make sure that you actually know what you were purchasing. This will really help you get an understanding of what you actually trying to purchase, and we'll help you stay away from counterfeits. Now, another very popular scam in the NFT community would be NFT airdrops.

And essentially what they do is airdrop you malicious NFTs, hoping that you will interact with these contracts. Maybe send them to a different wallet, try and sell them on the marketplace. And by interacting with these smart contracts, you essentially are compromising your. Now there are some very wholesome airdrops out there.

And, um, communities of NFTs that are just looking to, um, share NFTs and airdrop them to people to increase, demand and increase popularity. It is definitely important to consider the fact that there are malicious NFTs out there. That will be airdropped with the intent to hack your wall. Definitely. If you see an NFT in your wallet, that you have no clue how it got there best to not interact with it, or do some research before interacting with that smart contract.

Now for the most popular scam in the NFT community, which has known as the rug, you may have heard the rug previously, essentially. Pulling out the rug from underneath investors, which in a literal sense is when it developers bring the project down to zero, whether it is by announcement or it is actually pulling the JPEG off of the blockchain because NFC is have to be updated.

They have to be maintained on the blockchain. If a developer decides to pull their JPEG, they're essentially leaving the NFT worthless with no visual appeal, essentially rugging investors and bringing the collection down to zero because it is now worth nothing. There have been many projects. In the past, essentially, all that means is someone created a project with the hopes to make exponential growth and then just scam investors with no intent to make an actual real collection.

Now, this is the most important crypto scam because it is the hardest to see coming. It is really hard to determine if something is going to be a rug. And most of the times when they are, it is projects that you. I think of, so the only way to go around this would be to just really put some effort into doing some research before you purchase it on Ft, making sure that the developers are well-known.

And if they're not, if they're anonymous developers make sure that their white paper or their roadmap or whatever, they're using shows some sort of dedication to the community. Cause that will really go a long way. And if you can tell a developer is in it for the community and to give back to investors, then ideally it should be.

Wholesome NFT collection. That's all the time we have for today, guys. Thank you so much for tuning in. You can follow it, subscribe to the podcast, which will all be in the description below. Have a great day

Support this podcast at — https://redcircle.com/crypto-daily/donations

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Privacy & Opt-Out: https://redcircle.com/privacy