Just Bought This Altcoin (Here’s Why)

Altcoins are pumping so we jumped in and shared our findings. But the reason we bought may surprise you.

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Unis swap just got a huge 60% pump in one day everybody but why did Unis swap pump our other decentralized exchange tokens going to pump and then I’ll reveal at the end of the video what exchange token I bought but folks if we get right into

The news here you can see Aaron is a Dev for the Unis swap Foundation he’s a governance lead so he’s one of the devs here and he just put out some big news and everyone is just going to ape you know what over it it is I just promotes

A large scale upgrade to the system to the Unis swap ecosystem specifically I think we should upgrade Unis swap so its fee mechanism rewards token holders that have staked and delegated their tokens if we go back to the article here you can see uh you know they’re discussing

The the features but folks I wanted to point something out now it jumped 60% after this proposal was you know just initiated by the dev but not all as well last time they tried this everybody this is not the first time Unis swap has you know floated out the idea of rewarding

The holders of the token so the exchange has Revenue it gets a little bit off each trade Unis swap is a decentralized exchange and it makes a little bit off every single trade that happens in you know in that ecosystem well they wanted to do it last June last June the

Community turned down a proposal that would have switched on fees for many of the liquidity polls and then distributed a part of the revenue amongst token holders so they tried to do this in the past and it failed but folks that did not shop the markets from reacting you

Just see right there if I scroll up a little bit just you can see it has been flat forever and it doesn’t even look crazy just on the 24 on the 7day folks you can go all the way out to the onee chart and this thing looks like it’s

Just a parabolic runup look at the thre Monon we look at the one year you’re still seeing it there in fact even on the max you can see a little bit of a abnormal Spike looks nothing like the 2021 runup though just you know full disclosure but what other tokens are

Going to pump folks well I’ll tell you how you can actually identify them your yourself I’m going to give you the tools here if you scroll down on coin gecko you can do the same thing on coin market cap you’ll find at the bottom categories and if you click on decentralized

Exchange it’s going to take you to this page right here folks a lot of these exchange tokens have just been pumping despite Bitcoin just look at the 24-hour chart there despite Bitcoin essentially just kind of heading down bleeding out slowly and surely a lot of these coins

Are just defying the odds and still pumping now you can see Unis swap 48% right I’m I’m going highlight a couple of them Orca or Orca is up over 10% pancake up over 10% penglin is up 200% folks these are all decentralized exchanges penglin is a Avalanche

Exchange play here well let’s just get right into which exchange tokens and what I am using to identify the gems and then I’ll tell you what I’m buying at the end of this video if we click on defi llama’s Avalanche page this is defil llama.com you can see uh this is

Uh broken down by total value locked they have another metric right there with the revenue and look how low penglin is compared to some of its peers penglin is a DEX that is on four chains but if you look it’s the the first one that has the category dexes and penglin

Just you know absolutely melting faces with a 200% pump but Trader Joe is also in exchange Trader Joe uses Avalanche arbitrum binance smart chain and ethereum and Joe even got a little bit of a pump here you can see nice little 5.4% pump there but folks it pumped

Despite bad news with Avalanche you can see Avalanche actually went down today it went down for only about an hour uh it was experienced what was called a major outage according to the official status page so still Avalanche dexes are pumping so then it makes me think all

Right well I don’t want to get into Avalanche you know ethereum might be a little too diluted the top exchange already pump so what are some other coins that I’m looking at well folks I’m going to look at two chains two chains I’m going to look at salana and I’m

Going to look at cardano now first we’re going to use use the same metric we’re going to go to defi llama we’re going to look at salana tokens then we’re going to kind of look at some of the revenue of these dexes now Jupe is a little bit

Uh you know too new to have the revenues and the fees lined up but you can see right here Jupe not as high on a tvl compared to margin fi uh definitely not compared to marinade but more than radium now Jupiter’s a new salana exchange I I want to say it’s definitely

Less than a month yeah we’re uh how old is it it looks like yeah just launched in the beginning of uh February end of January there and it’s actually down a little bit but if you look at the 24-hour same Spike we’re seeing with Unis Swap and the other tokens there uh

And if you look if you cut the bottom there hey you almost got about a 10% pump it was 8.1% pump there but looking at the other dexes well folks I you know I can’t help but think of one of the OG dexes and if you look here it’s one of

The top dexes there and that’s radium this is the first of two coins I wanted to highlight for you folks radium has not pumped although the other exchange tokens have you can see a little bit of a pump but you know I don’t know if it’s Bitcoin uh being just slightly bearish

Or you know maybe uh just Jupiter since it’s newer taking all the attention in the salana ecosystem I don’t think that many people are going to be pulling up D llama I don’t think many people are going to be looking at the categories here I think you know if there’s going

To be quote unquote research they’re probably just pulling up decentralized exchange coins and then you know just yellowing in not that there’s you know what when there’s a narrative pop that strategy can make a lot of money folks but to me I like where I’m seeing radium

At right now if we go to the all-time chart well you know it’s definitely down from its all-time Highs but you know always got to do this we got to look at market cap relative to token price and we still see some really good gains but

Nowhere near what it would be if they hadn’t diluted it slightly but you know good news is over half the token is released you can see 258 million floating out of the 555 but when you look at Price folks we are above $15 right now we’re below a

Dollar so you’re looking at over a 15x but if you go by market cap we’re under a qu billion and they barely went above 1 billion so that that 15x very quickly shrinks down to about a 5x but this is crypto you know this is a a newer chain

You can see you know it launched uh basically at at the hype of uh Bitcoin there you know Bitcoin is topping out around those levels put in the new all-time high with the second run up there I think a lot of people uh are going to be looking at radium just

Because you know I’ve used the the site myself as clean why I think we’re definitely going to set in New all-time highs as far as market cap price you know I would be very happy if it went to $10 I expect a lot of uh maybe sell pressure around this channel right there

But now let’s go to the second coin and then I’ll reveal the coin the Dex coin that I bought today and I’ll even show you how much I bought everybody and we got to go to cardano for us to figure that out all right we go to cardano on

Defi llama and then you could do the same thing here you could just scroll and look at all the different dexes and all the different protocols now you see CDP CDP is a collateralized debt position and indigo actually can trade that was Indigo protocol right there if

We go to Indigo well it’s actually it does have swapping features but it doesn’t fit the decentralized exchange narrative so I don’t know if indigo is going to pump off this narrative if we go back to defi Lama and you see here at the very top dexes you have men swap

Coming in number one now month over month it is is up 12% as far as total value locked so it seems like the ecosystem is slowly growing in cardano if we go to men swap the price chart it also failed to really capture that pump

There if I scroll it so you can see here that was a little bit of the pump it got a little bit of traction off the the Unice news but it’s like Bitcoin is too bearish or maybe not enough attention or people don’t even know how to buy men’s

Swap and I’ll show you how when I’ll show you what I bought here but if we look at the alltime price chart folks it is pretty close to where we’ve been as far far as all-time highs it looks like it barely got above 4 cents never even

Really got a capture a nickel right now we’re at 3 and. half cents but folks I am long-term bullish on cardano I’m very long-term bullish on cardano defi I we’ll check out map’s website in one second but if we go to their Twitter account or their X account you can see

They still have you know a lot of communication with the community here uh they’re working deep deep in the cardano ecosystem working with the different projects and cardano is still somewhat of a small pool so it’s like a small school it’s a high school of 50 students versus 500 students everyone knows each

Other so right now still pretty collaborative and it’s not just me that is bullish on cardano and cardano defi you can see massari also you know very very bullish on this ecosystem but let’s go enough of the brass tax here folks now if we look at men swap you see yeah

It had a little bit of a pump this is uh the oneyear chart and I just want to compare it to cardano cardano if you recall basically teleported from 25 cents to 40 cents and then it teleported much much faster to 40 cents to 60 C

That it looks like days but it felt like hours we go to men swap you can see a lot of the same pumps there that was when cardano went from 25 cents to 40 cents men swap went from a penny and a half all the way to 2.2 cents then it

Went from 2 cents all the way up to 4 cents in the 40 to 66 pump there now let’s just do quick back of the napkin math 40 cents to 60 cents that is a 1.5x it’s a 50% pump and if you look at men

Swap when it did a 50% pump men swap did a 100% pump so men swap largely doubled cardano’s pump when cardano had a pump most recently now I expect cardano to hit levels you know uh very very bearish if it only hits $420 $5 in that range a

Lot of targets for $10 and Beyond I’d be very happy with the8 $9 cardono especially a $10 cardono be pretty happy with the 10x very happy with a 20x so if cardano does a 10x what do we expect men swap to do well folks I think it’s going

To be be more than a 10x now let me tell you what I bought and you know how to buy if you go to men swap it’s just app. men swap. org want make sure you use the right one don’t use Google to find these links and then folks just hit trade and

You could trade your cardano into men swap you just type in Min n right here and then it’ll pop up and boom you can see I just bought some folks we’re going to go to orders I’m going to reveal how much I bought and folks I just put in

1,000 cardano and it netted me 16,000 men so we’re going to be tracking this now I’m already staking my men swap I have uh you know no plans to to sell or to touch that wallet but to me this might be a little bit of a spec trade so

I’m going to try to turn this into more than a th cardano and meanwhile let my other men swap bags just accumulate and get APR you didn’t know you go to earn and farm and stake your men Swap and they have all the liquidity pairs right

There so you just scroll down till you find men swap or you could type it in and it’s the first trading pair actually I scrolled right past it and has a APR of 177% so if you stake some cardano which your men swap you have say $100 of

Each you would stake $200 worth you would get 133% APR on your men Swap and a 3.7 APR on your cardano and you get a little bit of reward from Trading fees as well so the majority of my men swap is staked but folks I bought some today

I’m bullish I’ve been a holder for men swap for a long time but seeing the dex’s pump I’m more of a Believer now than ever let me know down in the comments below what exchange token is on your radar I’ll put on mine and I’ll

Give it a look see everybody so I’m Dey for discover crypto and we’re going to see you in your exchange tokens at the top