Virtual Currency - Alt Coin Discussion Thread

In a funny place. Mostly back in stables. On the side lines. since that flash crash the other day.

BEAM is pulling back. Super is still pumping. I think I got to be patient right now. Wait for a pullback. Link I’m eyeing. I think LINK makes a new ath soon

It's interesting that in both early Jan 2021 and Jan 2017 there was a correction of 20-30 percent. Followed by a quick recovery come inauguration date and by end of month.

I and most of my friends/contacts are basically fully deployed or essentially fully deployed so quite interesting to see someone w complete opposite situation. Have eth I can swap into bags if they go lower and I rly want the entry and otherwise will just ride any potential downswing. Think too risky of missing the huge uptick by not being deployed now

Going back to end of summer is when I started preparing most of my bags; I missed the early 2024 mini alt season other than my tao/sol/ticker bitcoin as was still at that point in all btc/eth (4:1+ btc/eth allocation too). Although just being early into tao and having added sol at 20-40 range and these 2 being by farrrrrr by largest alt allocations ended up working out great anyway

Beginning of June I think I only had a total of 8 coins in my entire portfolio
BTC/ETH/Tao/SOL/Ticker Bitcoin/Avax/Link/0x0 + MIL that I waited 8+ months for to retrace down to 2ETH floor price to get entries on

Now I have 36 coins in my portfolio and added some NFTs from June-Oct too. Been focused mostly on AI related tokens as have a couple friends who do a ton of work giving me some ideas and both hugely bullish on AI tokens thinking they are super undervalued and that there could be a bubble on them and they just explode. Think AI tokens make up nearly half the portfolio in terms of # of coins

what are AI tokens? do they purport to have any utility or are they meme coins riding the AI popularity wave? tried researching a little bit (documentation for supposed top AI coins by market cap) but it all appeared nebulous to me. guessing i'm this guy

Spoiler

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on most of these AI-coins im mostly playing the narrative, graphs, playing the Bitcoin trend, trusting people I respect etc. def not educated myself to attempt to explain anything!

i went to chatgpt and asked it about a cpl of the tokens ive recently bought for fun. Again to repeat, do I understand that most of these chatgpt answers are often times a lot of mumbojumbo using buzzwords and the project might not actually be doing all that much? Yes, obviously. As I stated above and will state again, playing the narrative and hopefully will be rewarded

OMEGA would be an example of a meme token that I picked up in this last few months w these AI tokens
https://dexscreener.com/solana/82o8yywxz...

1. RSN (resonator)
https://dexscreener.com/ethereum/0x234b6...

'Resonator (RSN) is a decentralized, privacy-focused file-sharing platform that utilizes the Tor network to anonymize file transfers and employs distributed storage for security and redundancy. Its ecosystem comprises several key components:

Decentralized Private File Storage: Offers a fully private, decentralized storage solution where file access is controlled exclusively through Web3 wallets, ensuring that only authorized users can view shared files.
RSNTR

File Sharing Escrow Service: Acts as a trusted intermediary in anonymous transactions involving funds, files, or both, holding assets from all parties until obligations are fulfilled to ensure secure exchanges.
RSNTR

File & Data Marketplace: Provides a legitimate marketplace for trading digital assets, such as files, social accounts, or cryptocurrencies, with transactions finalized through Resonator's escrow service to maintain privacy and security.
RSNTR

Decentralized Storage Rent & Provision: Enables businesses or groups to rent secure, private storage, ideal for Web3 companies or collaborative networks that prioritize privacy and wish to mitigate risks associated with centralized storage.
RSNTR'

2. NeuralAI
https://www.coingecko.com/en/coins/neura...

'NeuralAI (NEURAL) is a cryptocurrency token operating on the Ethereum blockchain, designed to revolutionize 3D asset creation through advanced artificial intelligence. The platform enables users to convert text or images into high-quality 3D models, streamlining the development process for game developers and digital artists.
CRYPTOSLATE

Key Features of NeuralAI:

Automated 3D Asset Generation: NeuralAI utilizes AI to transform textual descriptions or 2D images into 3D models, reducing the need for extensive design teams and manual modeling.
CRYPTOSLATE

Marketplace Integration: The platform includes a marketplace where users can trade 3D assets using the NEURAL token. Revenue from the marketplace is shared with NEURAL holders, fostering a collaborative ecosystem.
COINMARKETCAP

Bittensor Subnet Participation: NeuralAI aims to become an official Bittensor subnet, allowing developers to earn miner TAO rewards during the development process, further incentivizing participation.
COINMARKETCAP'

3. QF (QuantfumFusion)
https://dexscreener.com/ethereum/0xe06e1...

'QuantumFusion (QF) is a cryptocurrency token operating on the Ethereum blockchain, designed to integrate high-performance parallel computing with blockchain technology. It leverages HVM2 (Higher-Order Virtual Machine 2), a state-of-the-art parallel evaluator for interaction combinators, to provide scalable, efficient, and secure distributed computing.
CRYPTORANK

Key Features of QuantumFusion:

Massively Parallel Computation Framework: Utilizes HVM2 to achieve high-performance parallel computations, scaling from millions to billions of interactions per second. This is accomplished through memory-efficient storage, atomic operations, and lock-free interaction, making it suitable for modern high-performance computing needs.
CRYPTORANK

Integration with Blockchain Technology: Combines the computational capabilities of HVM2 with blockchain's decentralized validation and trustless computation, ensuring data security and verifiability through advanced cryptographic techniques, including zero-knowledge proofs.'

4. XMW (Morphware)
https://www.coingecko.com/en/coins/morph...

'Morphware (XMW) is a cryptocurrency token operating on the Ethereum blockchain, designed to facilitate decentralized computing by connecting individuals with idle GPU resources to those requiring computational power for tasks such as artificial intelligence (AI) model training and other high-performance computing needs.

Key Features of Morphware:

Decentralized Computing Marketplace: Morphware creates a platform where users can rent out their unused GPU resources to others in need of computational power, promoting efficient utilization of hardware and providing an alternative to traditional, centralized cloud computing services.

AI Model Training: By leveraging distributed GPU resources, Morphware enables more accessible and cost-effective training of AI models, potentially accelerating advancements in machine learning and related fields.'

5. VertAI
https://www.coingecko.com/en/coins/verti...

Funny enough VertAI says the below. Elliotrade mentioned it yday on stream which made it pump hard; was already in it from before and obv welcome pump!

'Vertical AI (VERTAI) is a cryptocurrency token built on the Ethereum network (ERC-20 standard).
COINBUDDY
As of now, there is limited publicly available information detailing its specific purpose, use cases, or the team behind it.

The token is traded on decentralized exchanges, with Uniswap V2 (Ethereum) being the most active platform for VERTAI/WETH trading.
COINGECKO

Given the scarcity of detailed information, it's advisable to exercise caution and conduct thorough research before engaging with or investing in VERTAI.'

interesting. my takeaway is these are all jargoned nonsense that don't/won't actually do anything but have optimized mentioning as many generic buzzwords to get people to think there could be a there there

morphware sounded like the closest thing to a value proposition, so decided to check out their website to learn more. seems like bullshit. they're saying

A) they'll outsource GPUs from randos to serve cloud computing demand, providing competitive computing rates for consumers and allowing randos to monetize their otherwise idle pc hardware, like airbnb for your compute

B) they'll build their own data centers with NVIDIA H200s and rely on "affordable reneweable energy sources" to power

they're claiming to provide a competitive advantage over AMZN, GOOG, and MSFT's data centers. how? certainly can't tell by reading their "

https://docs.morphware.com/docs/competitive-analysis

docs

Competitive Analysis | MORPHWARE

anyone can rent GPUs or build GPU farms, the competitive advantage comes from scaling and cheap power. vague references to affordable renewable energy sources (without any detail where this is located or what they've secured) ain't it. randos renting out their GPUs will find their electricity costs exceed their GPU rental compensation. neither of these stand any chance of providing an advantage over AMZN/GOOG/MSFT

I said it various times and I'll say it one more time

"As I stated above and will state again, playing the narrative and hopefully will be rewarded"

Could care less what the token does or doesn't do, I'm here to profit and make best R:R I can and this is the precise time of the cycle where we might have an explosive alt season and that's why I'm not in 97% BTC/ETH/TAO/SOL and before that BTC/ETH/SOL for the first in a long while (Dec 2021 to be exact)

nice GL

Yeah the utility is the last thing on my mind for the next 3-6 months.

I am holding the pumpiest, most narrative driven coins. These are going to be within the gaming and AI spheres in 2025.

Most of these have pumped already, but if you're looking to get in, i think NEAR is still priced very appealingly.

This is a really good post. Utility takes a back seat to community. I think that these sectors will pump again, AI, DePIN and RWA. After this run then it's time to look at utility and quality of projects for the next run.

Would you guys just go and start your own meme coin momentum thread please...

This is literally the meme coin momentum thread. Except maybe for ETH.

What is this casual throw in of the #46 market cap coin.

Haha 3rd biggest position and couple friends of mine hugely bullish on it is only reason its in there! In at under 100 so obviously has done very well. Think it will run super well from here too. Nothing ever gets by you housenuts, I love it 😃

Saw Alex Becker now pumped VertAI as well, another welcome pump to the bag

this world is nuts. back in the day we used to call these scams. now, if you're "pumpy" enough, "utility" and "quality of projects" take a backseat to "narrative"

you are all relying on greater fools bidding 10x what you're bidding on with zero basis other than vibes. no matter if in six months -- or six days -- everyone realizes none of this makes any sense and the rug is abruptly pulled. but judging from recent history we're probably in for a 10 year bull cycle of vibes so i'll live vicariously through you

yes i'm 57 years old.

i don't know how to launch my own pumpcoin but if someone could do this for me and cut me in on the initial distribution i'd be grateful

Introducing TIMOTHEE CHALAMET MUSTACHE HAIRCOIN ($TCMH)

The first-ever crypto token powered by the raw masculine energy of Timothée Chalamet's delicate yet intriguing facial hair.

WHY $TCMH?
-Each token is backed by one microscopic hair from Timothée's growing mustache collection
-Proprietary DuneTech™ ensures your investment is as wispy and ethereal as our inspiration's upper lip
-Revolutionary StacheFi™ protocol: The more people comment on Timothée's facial hair online, the higher the token value rises
-Limited supply of just 46 tokens (one for each potential hair follicle)

ROADMAP:
Phase 1: Launch token, establish Mustache DAO
Phase 2: Partner with leading eyebrow influencers
Phase 3: Create NFT collection of zoomed-in Timothée facial hair pixels
Phase 4: ???

I'm not even disagreeing with much of what you're saying, I would assume you've seen that based on the back and forth we've had. My one and only objective, quite literally the only thing I care about, is my R:R over the next months when we *should* have a very nice alt season coming up. I care about nothing else. I'm in the space to try to make money. Everything else is completely blocked out and absolutely no ****s are given other than trying to maximize making money.

Also again, I myself am not 'smart' enough to be able to identify these projects on my own and just rely on following some plays from some 'smart' friends of mine who have absolutely crushed the space over the past 7+ years. Most of them probably won't work out which is why all these are super tiny allocations and I'm still in an overwhelming majority BTC/ETH w 3rd and 4th biggest bags being TAO/SOL

The length of my own knowledge mostly goes to this: 4 yr cycle theory has not been proven wrong yet so I was ready to take profits during back half of 2021 and then had powder on hand to buy from early 2022 all the way until end of 2023. I layered in more heavily the further we went down. So example being BTC 40k I bought 1x, BTC 30k I bought 2x, BTC 25k I put in 4x and basically was out of powder by 22-23k. I was buying ETH at 1k-1.25k range, was buying SOL between 20-40. I didn't nail any bottoms exactly but I did play the cycle well in that I was in 97%+ BTC/ETH when bear market started (4:1+ BTC vs ETH) and was still, as I said, in mostly just that until late 2023 when I bought TaO. That led me to basically having BTC/ETH/TAO/SOL only. I managed to about triple the amount of BTC/ETH I had from Dec 2021 until Dec 2024 where we are today. And I even bought a 5bed/6bath house earlier this year and put 35% down and rest in monthly payments over 30 months in a direct contract w the owner to avoid paying obscene amounts of interest. Had to very begrudgingly sell BTC in Jan 2024 which really really hurt my soul to do at ~48k or so but it is what it is

Anyway, I will happily post when coins/bags go to $0 too. Alt season will be fun and hopefully it goes well and I hit some '+EV llotto tickets' as I call them and if I dont, well, these buys make up a very tiny % of my portfolio so it's whatever

I'll even give 3 examples right now:
1. Down about 50% right now on Omega (https://dexscreener.com/solana/82o8yywxz...)
It already had an 83% correction that it survived before, from 20mil to 4mil. Current correction is 50mil to 8mil so basically same in terms of % and it was even worse a couple days ago so lets hope it runs it back! I did add 1k more to this bag at .05ish so guess I'm probably down <50% due to that

2. Wquil down about 40% (https://coinmarketcap.com/dexscan/ethere...)
Former lead dev of coinbaise here is the lead dev here and bunch of 'smart' TAO ppl were mentioning this one. Likely ends up going to nothing or running very hard. The dumbed down version of what they are apparently trying to do is create a decentralized layer of the internet (that's extremely dumbed down as obv that already exists depending on your definition). Again, I'm not here to get into what certain projects are claiming to do or what they can't do or won't do or w/e else. Simply put, 'smart' money saying this goes to nowhere most times but if it does run, itll very often 50x-200x+

3. Cosmic (https://coinmarketcap.com/currencies/cos...)
Immediately day after I buy it bunch of what I'm told is baseless fud about it comes out and it immediately dumps like 40% compared to my entry. One of my friends said 'From what I could gather it has baseless FUD against it
but somehow everyone freaked out
https://x.com/IncomeSharks/status/186698...'

i respect that. my frustration probably lies in my own inability to partake in these lucrative games. good luck, geniuinely

same, i know my weaknesses and they are in reading the public and what will pump and what won't

lost many bags during covid shorting companies like kfc and six flags

six flags had so much debt they'd go bankrupt within 3 months of closures but survived because they found another billion dollars in loans

kfc was the bigger one, and when they had over half their locations closed and of the remaining ones, only 1/3 of them had beef available

no big deal, apes wanted to ape in on the discount and the stock rose to the all time high during that exact time frame

i do not know what the people want, which is why i bow out and do not trade on memes despite every itch and desire to do so

I don't doubt what you're saying is true. However, I think I have a bit of an edge here because I started investing about 12 months ago, focusing on specific narratives that are already up a reasonable amount.

I don't have any emotional attachment to the "pump" coins I've acquired—they're simply tools to make money, and once I’m up, I’m DCA'ing out.

I plan to keep doing this over the next few months. I'm not planning to hold out for the top, because we all know at some point the market will crash, and someone’s going to be left holding the bag.

Unlike in 2018, this time I’m making sure that someone isn’t me.

I'm not talking small cap MEME coins except for the MEME coins with the large market caps. If you go to Twitter (X), Telegram and Discord, the coins/tokens with the largest communities will pump the most from here on out this run. After that, then look at the best projects for the next run. Utility has already been priced in for this run. I've been buying BTC since Feb. 2013.

Opened a Ronin position yesterday. And a new Near position. With my Avax bag I’m all in out of stables, again.

Apologies everyone. I just can’t quit Fartcoin. New ATH today.

Check SOL wallets for the PENGU drop. It has to be claimed.

Surely most memes that aren't down at this moment are likely to be manipulated on the supply side. Instances where smart whales hold majority of the supply and manipulate token to 1bln MC. It's not always a bad thing when bubblemaps shows a cluster on the supply of a token imo.