Crypto is bleeding lower but Solana showing some incredible metrics that still have me very bullish while others are panicking!

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    big news in today’s crypto video about quant coin

    THE HOUSE OF CRYPTO VIDEO FOR YOUTUBE
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    *DISCLAIMER*
    DO NOT take this video as financial advice! I am not a financial advisor and this video was only made for entertainment purposes. I am not liable for any losses you may incur so always do your own research before making any investments/financial decision.
    This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain.

    This video relates to the following:
    quant price prediction news update today latest live coin token now update qnt

    It’s so obvious we could be hours away from an event that will rock the entire crypto space if this event plays out it’s going to cause mass panic across crypto retailers and it’s going to leave these sheep running for the hills but don’t worry in this video we’re going to

    Break down exactly what is potentially lining up and if it happens where we need to turn to be able to capitalize and Crush these markets there’s one coin and one ecosystem in particular that is going from strength to strength and is is going to give us one of the better

    Opportunities to be able to see huge gains across 2024 so do me a favor hit that like button and let’s get into today’s video now really quickly we’re nearly 100,000 subscribers and to celebrate this I want to do a giveaway where I’ll be giving away five times

    $100 prizes in some of your favorite cryptos now as you can see on my channel I make videos every single day on all sorts of different things from the cryptos I’m buying right now to huge opportunities in future cryptos and all sorts of other bits and pieces all you

    Need to do to enter is to subscribe hit the like button and then down below write the coin that you would like to receive $100 of be that ICP salana Casper whatever and then whilst you’re at it go and give me a follow over on Twitter and this will make you eligible

    To win that prize which I’ll announce as soon as we hit 100K Subs okay back on with the video so what am I talking about well guys if you are looking across YouTube right now you’re probably seeing a sea of panic starting to loom Bitcoin could be about to sell off is it

    Right is it wrong well we know this for sure this is a woff distribution pattern and this looks quite like a woff distribution phase that would potentially see a bit of a dip in the Bitcoin price which means something very significant for crypto because that could see Bitcoin taking a dip lower now

    How much lower would we say now what we would say from the previous dip that was down here and to pull up the wof up here you would say that the next next point is the 0.5 for Bitcoin 0.5 and often a place we see on a retrace pulling back now this

    Is a pattern that’s as old as the 11th of September and if it does crash I can see Bitcoin heading into this area around $375,000 if no guarantee okay but if it does happen you will see Bitcoin taking a little cheeky tumble down that will

    See a lot of altcoins bleeding out and a lot of retail investors literally panicking that bitcoin’s going to hit 12K so I’m going to tell you not to panic right now because has something very obvious and very easy to look at during the last bull market this was the

    Bitcoin US dollar and this was the bull market you can see that during this bull market you had like 10% 7% down 10% 21% a correction of around 10% of which actually would be more like 20% from that original Peak that happened the other day is completely natural and

    Something we should be looking forward to rather than panicking about and as you look into this pattern here you can see that during different phases of the market where bear pre-b and then the first bull of which we are now in that 2024 year where we might see some

    Downside some cyber action we are still ultimately in a 2-year uptrend that is due to finish somewhere around 2025 and whilst everyone’s talking about the stock market right now and booming I actually watched one of Jason Pino’s videos earlier who’s a macro analyst and he shared some really interesting things

    He talked about house prices and these seven-year cycles that go on all the time and this cycle sees a very good cool off around 25 to 26 which is where we’re anticipating to see the top of the bull market and you can see right now he’s anticipating that we are here so

    Whether we do see a little bit of a shortterm co- off it is just that a short-term callof and we need to act accordingly so if we do see the short-term call off we need to be prepared to pull the trigger and get in on some of our favorite projects out

    There that are going to see the best upside going forward and which projects do we think that could be we’re looking into this chart which I’ve shown a few times on my channel from h malvia 9 is a flow of money through crypto bull markets now you can get multiple stages

    Of this but ultimately where we’re at right now is probably in this disbelief rally phase and there’s one part of this disbelief rally phase I want to talk about and it’s this Deens start finding great onchain trades again and if you’re in any of the communities which are

    Linked down below you will know that we’ve been finding some great onchain trades but most importantly this Front Runners with great onchain and fundamental growth will take the charge before we move into this fomo back point where Bitcoin will hit 50k maybe have a pullback you’ll see ethereum and

    Everything else booming as well this I think is the final phase of this disbelief rally so why is it called a disbelief rally because everyone right now is panicking that we’re going to plumet all the way down again and actually every time this happens we typically maybe bounce but we just carry

    On personally I’m actually thinking we bounce here and we have a continuation like this while everyone’s panicking that we’re going to get a sell off and this all looks very perfect for a sell off doesn’t it so how do we capitalize Li well first of all we need to know

    What the Front Runners are how do we find the Front Runners go to the charts of course last year we saw the Front Runners coming out who were the Front Runners Avalanche absolute Beast of run and then what happened P back the solid 38% Avalanche actually looking pretty

    Decent just retesting these highs right now chain link as well had a very healthy break towards the upside seeing a good sort of four or so X but there was a few bigger winners from last year than salana not just because the price gain that happened throughout the year

    Was pretty damn big where it pretty much saw like a 14x from the lows of like eight bucks that it hit at the end of 2022 but because of the stuff that was happening on chain this is really essential because remember fundamental growth will take the charge fundamental

    Growth is a very different thing from kind of hype and excitement growth what do I mean well it’s this two of the biggest winners of last year were Avalanche and salana why well it was because of a lot of stuff that was going on on chain and over here on token

    Terminal.com this is the free version although there is a paid account which does appear to be quite expensive and unnecessary you can see a lot of the fundamental information going on now this here is the fees on layer one blockchain over the past 180 days and

    You can see the darker orange one here is avalanche now look at what happened during last year you got a little bit of a spike and then into late December we suddenly see massive surge in avalanche fees and why do we see that well it’s because it’s get a huge amount more

    Users on chain this is causing congestion but is this a positive thing well I’m in two minds about this it’s a positive thing in that it’s showing a huge amount of usage suddenly surging onto Avalanche but look at what happens after this peak it just completely dies

    Off and that goes away however if I take away Avalanche then you’ll see some other very important stuff this kind of peachy colored one is Guess Who salana and look at the kind of the way that salana has grown in terms of its fees compared to that one with Avalanche and

    This is what I want to talk about this shows that yeah Avalanche got hyped and excited around a particular time but most importantly salana is showing a sustained growth it’s showing sustained growth while its price or token price has been cooling off and starting to

    Fall that I like to see now we come across to Defi llama.com and we can look for salana now there’s a few different metrics to pay attention to here if we look at the volume that’s going on on salana right now we can see a massive

    Runup towards the end of last year and into the start of this year now we’re seeing a bit of a cool off but still look at the statistics uh of the volume in the markets and why are we seeing that well because of things like this salana stable coin transfer volume hits

    Record monthly high of $300 billion that stable coin volume still second to ethereum is taking away from that ethereum market all the time not only that we saw a huge surge last year in nfts built on salana going and reading through these state of salana ecosystem reports which are pretty lengthy and

    Pretty boring to be honest with you there’s been a ton of stuff going on and looking over here at Electric Capital and searching for salana I used this developer report.com the other day to look at ICP and it’s actually really pretty useful you can come down through

    And you can see some of the monthly active developers going on on salana now we want to see lots of new developers coming into the ecosystem and gains in that part why well because obviously more developers means more Dam app it means there’s more money there’s more stuff in the ecosystem there’s more

    Things that are going to bring people into the salana ecosystem and that ultimately will add value to the ecosystem and what could be causing that well the salana mobile well we did last year see the introduction of the first web 3 mobile phone from salana which Marcus brownley a famous YouTube Tech

    Critic basically said was the worst phone launch of 2023 however salana have just confirmed that they now have 30,000 orders on their second ever web 3 phone it was obviously anticipated that the first first era of that phone was probably not going to be very good most first Generations or anything aren’t

    Particularly good but this is interesting because not only are we seeing a huge amount of phone sales which are obviously going to help with the Salan evaluation but also there’s going to be a huge increase in deps being built to serve this phone if we’re getting thousands and thousands of

    Orders you now have thousands and thousands of people who could start interacting with these decentralized applications bill on salana starting to look good right so what else is causing this massive excitement around this coin that is a potential front runner when Bitcoin gets going again well as we know salana decentralized applications have

    Been on the up mostly though they’ve been on the up in a narrative that you know if you’re subscribed to this channel I am extremely bullish on and that is deep in decentralized physical infrastructure networks and because these are fundamentally going to be supporting the development and growth of

    Artificial intelligence which I’m sure you’re aware is an industry that’s absolutely booming right now but it can’t work without the likes of render and file coin and ether which I covered in a video the other day and according to this binance report a lot of these dpin projects are moving to salana

    Because this class of decentralized applications are only possible on salana owing to its localized fee market and high throughput relative to other networks which are largely on an evm base recently we saw render move across to salana render has been booming recently we’ve also got helium And Hive

    Mappa over there as well got salana pay that was developed in collaboration with visa and other bits and pieces such as a huge deal with the e-commerce giant Spotify who handles 10% of all volume on e-commerce in the US RV is also starting to build out expansion into the salana

    Network using the neon evm and this allows arve to access the salana DI ecosystem which would have a huge huge impact on the overall def space okay so knowing that salana is doing some very exciting things is it a good time for you and me to be buying salana tokens

    Well hold your horses let’s take a quick look shall we well firstly we need to identify whether the analysis we’ve talked about earlier in terms of the price charts and things like that is accurate this is from L Crypt Prof who has been pretty damn accurate throughout

    The last 13 or 14 months pretty much calling the bottom of the Bitcoin bull market and then identifying where it is going from here now what he’s basically showing here is a Bitcoin dominance chart and these yellow parts are when the Bitcoin dominance starts to fall uh

    And on the bottom way you’ve got the MACC where you have a bearish crossover for the Bitcoin market dominance since Bitcoin price is quite high if the dominance starts to fall it will tend to mean the money is Flowing out of Bitcoin into altcoins mostly at the start of

    These runs you will see that the larger forerunners in the crypto bull market the big altcoins will start to see the first growth that would mean the likes of ethereum starting to run that would see the likes of salana starting to run maybe avax and a few of the other coins

    That had good success last year also the likes of chain link I wouldn’t be surprised if that got going and what we can see is a good crossover in the last few weeks now you’ll see as with everything it’s not just straight down but for a sustained period of time this

    Is a two we chart so each of these candles equals two weeks and we’ve been down here for about 8 weeks you can see in the last few runs we would only be about a fifth of the way into it okay so we could potentially expect that over

    The next 10 to 15 weeks we should still be running in a fairly warm altcoin environment now obviously that depends on whether we get a crazy sell off in Bitcoin or not but ultimately that 7year cycle and the liquidity cycles and everything else that’s driving this

    Macro and forget about all this news up front that you’re hearing that’s just designed to scare you out of the markets there is a lot of money flooding into the markets that money typically goes to crypto that’s what causes bull markets easy so in the short term do we get a

    Pullback in salana well as you know it’s all to do with what’s going on in Bitcoin right now Bitcoin sat in this green area every time we’ve been in this green area before though we’ve looked bullish you can see we came up it looked pretty like much it was going to slide

    Down everyone calling for a bare Market you get a double bottom it comes back up it gets sold off again it comes back down into this area now as we’re saying there is this area that needs to hold to avoid that sell off if that selloff happens you could well see other coins

    Taking a bit of a hit so we need to prepar for this why because if we’re prepared we can keep calm and it’s not going to have any negative effect on our overall sentiment we know the overall sentiment is that salana is increasing the number of developers on chain its

    Fees overall are starting to steadily increase showing much more activity on the salana Chain than perhaps other chains it’s taking away market share from ethereum which is great we’re seeing the key narrative in my opinion of 2024 deepen favoring being built onto salana and it all looks very peachy so

    If we do get a pullback then we get an even better buying opportunity and the risk potentially reduced now obviously buying crypto is always risky but remember the fundamentals propping up projects when we’re seeing that steady growth will always support and hold a big crypto project and that’s what we

    Like to see so where we’re at right now we have already seen a pullback in the salana price currently we’re 30% down than where we were uh back you know around Christmas time and we can see that salana is finding a good level of support down here this pattern here is

    However a little bit on the bearish side cuz it’s showing lower highs which means people are prepared to take profits at slightly lower levels each time and the buyers having to step in down here more readily now there’s a lot YouTube content that’s a bit misinformed that

    Tell you the more times a support level or resistance level is hit the more likely it is to hold because of whatever it’s not guys think about what is actually happening every time salana arrives back here it’s telling us that every time we’re getting people being

    Prepared to sell at lower prices and we’re getting people arriving here that can prop up the price we can see a very Swift buy off here it comes back in we get a strong buy out here the next time it comes back in a slightly less strong

    Buy out here we’re running out of buyers When there’s less buyers who are prepared to step in at this level we eventually get to a point where the price level can’t hold anymore the number of sellers outweighs the buyers and guess what it slips but where does

    It slip to well in my opinion salana has a buy Zone that sits around here at72 or $73 now personally someone who’s been in salana multiple times and got in and out throughout the last year capitalizing on the these big pushes and waiting for these pullbacks I’m patiently waiting to

    See what happens I think if Bitcoin actually suddenly turns around here and says actually we’re going to go then you can tell what would happen with salana and it’s quite simple to see it would tell me that salana will end up back here around 96 bucks which would be

    Around 9% higher and then I would expect to break Beyond and then higher so we got two ways that we can look at this if salana does break here it will probably pull back into this Zone and then if it carries on this would give us a nice Buy

    Buying opportunity somewhere around here but if we’re impatient right now this green box indicates that maybe this is not a terrible price to be buying if I had 100 bucks to my name I’d put maybe 50 bucks in here and then have a limit order set down here for another $50 now

    Obviously I’m not telling you to buy it it could go down all the way Sana obviously could go lower could go to around 53 bucks I don’t think it’s going to happen though I’m still very bullish guys because the overall sentiment doesn’t really matter we want to see the

    Sentiment f sing more bearish before we can anticipate pushes higher I think a good Bitcoin ShakeOut like this would happen very quickly and it would cause mass panic before suddenly building back up again and therefore when it comes to salana we need to basically be prepared

    For if that happens so how do we prepare correctly because this could happen in the space of like 20 minutes and we can miss it well very very simply if you go to that link Down Below in the description you can come across and you

    Can use a Mexi and I’m going to show you how to use Mexi to make a limit order and the reason reason we use mexc guys and not coinbase is cu coinbase’s fees are sometimes up to 10% 10% means that if you’re putting down 100 bucks you

    Lose $10 and then if you try and sell it back in something else you lose another $10 now you’re at $80 which means you need to make 20% just to break even Mexi however 0.1% spot maker take a fees insanely low and the lowest pretty much in terms of Futures Trading in the

    Entire crypto space with over 4,000 different altcoins on offer now if you’re in the US you might not be able to access Mexi you need to do guys is go down again click on this nordvpn link and you will get four months for free if you join through my link and that will

    Allow you to position yourself in a different country and to be able to access exchanges like Mexi if you click on get nordvpn it’s 2 40 which is like $250 per month which is like the price of a cup of coffee and then you’re going to be able to access something like this

    Where I can be like well I can’t access Mexi in my country so I can click on Spain and now you can see I’m connected to Spain now you can see I can open up Mexi and I can use Mexi as much as I

    Want so how do we set up a limit order well importantly let’s go back to this chart and identify if salana reaches to let’s say $74 which might be a good price $74 maybe I want to have an automatic trigger signal sent go back to Mexi now

    Don’t bother looking at all this noise on the left and all this noise on the right we just need to make sure you can write Soul here soul usdt and then I’m going to go down below and see where it says limit I just said $74 right I’m

    Going to write 74 and then I’m going to say the amount I want to buy at this point you can see I said I wanted to make $50 I can write $50 here I can press buy and then if salana reaches $74 I will buy myself 50 bucks worth of

    Salana now where does salana go in the future lots of people will blindly talk about market caps in the last bull market and be like well yeah that was the bull market market cap we can do a 5x a 10x or 20x from there doesn’t work

    Like that okay because of this on this little chart you can see here we’ve got the yellow line which is the Tok token price and the green line which is the market cap now right now the market cap is sat at $40 billion the token price is

    At $94 now in the last bull market when the market cap was $40 billion or thereabouts the price of salana was $146 this token has been inflating which means that there are now more salana tokens available for the overall market cap the token value is simply the market

    Cap divided by the number of tokens in Supply the more tokens in circulation the lower the price of individual tokens will be per that market cap but since we’re currently looking at a market cap of $40 billion I don’t see a problem with using this and let go to coinmarketcap.com and looking at

    Ethereum okay which is a very similar product to salana salana is taking a lot of that market share all the time and no I don’t think salana is going to flip ethereum in this bull market it’s not what I’m saying but let’s look at the market cap of ethereum over the last few

    Bull markets in the first bull market that ethereum basically had in 2018 it hit a market cap of 125 billion which from here for salana current market cap value is a 3X and it wouldn’t surprise me if salana has the ability to see a market cap somewhere near what ethereum

    Saw in the last ball Market $559 billion so $559 then simply divided by 38 gives us around a 14x and that’s the current valuation if it slid down to around $74 a token then you’d obviously get around 10% better on that which could look like

    A 15 maybe a 16x if things go really well and who knows maybe it goes bigger I think from my own personal opinion that’s one of the more guaranteed plays out there in the entire crypto space so obviously nothing in crypto is guaranteed but I think if you look at

    All the positive things going on in salana right now the downside potential isn’t too brutal and that upside potential is very very positive so let me know your thoughts down below hopefully you’ve subscribed by now hit the like button and I will see you tomorrow in another video bye-bye

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