Crypto Coins I’m SELLING NOW (What to Buy Instead)

EllioTrades

Market Update and Crypto Strategy

The crypto market is experiencing a significant downturn, attributed to the launch of DeepSeek, a Chinese AI company that has developed a product comparable to Chat GPT at a fraction of the cost. This has led to a decline in the value of altcoins and a drop in the stock price of companies like Nvidia.

DeepSeek and Its Impact

  • Technology: DeepSeek's AI model is more efficient, using a multi-token system and expert systems to process information faster and more accurately.
  • Market Reaction: The launch has caused concern among investors, leading to a sell-off in the tech sector, particularly affecting Nvidia due to potential reduced demand for its high-end chips.
  • Export Controls: There are export controls limiting the sale of high-end Nvidia chips to Chinese companies, but insiders believe DeepSeek may have acquired these chips despite these restrictions.

Strategy Adjustment

Given the market conditions, the speaker is adjusting their crypto strategy:

  • Selling Underperforming Coins: Coins like Suey, Celestia, Immutable X (partially), and certain meme coins are being sold due to underperformance or lack of potential for significant growth.
  • Buying Opportunities: Hyperliquid, Barra Chain, and high-quality AI agent platforms like AI16Z and Virtuals are being considered for investment due to their potential for growth and innovation in the crypto space.

Trenching in Crypto

The speaker also discusses "trenching," a high-risk, high-reward strategy involving buying and selling new, low-market-cap coins:

  • Tools: Utilizing tools like Photon for rapid trading and Potion Wallets for wallet tracking to identify trends and follow successful traders.
  • Risk: Acknowledging the high risk of significant losses, emphasizing the need for caution and a deep understanding of the market.

Conclusion

The speaker concludes by emphasizing the importance of adapting to the changing crypto landscape, focusing on high-quality projects, and being cautious with speculative investments. The introduction of DeepSeek and the efficiency gains in AI technology are expected to accelerate the proliferation of AI, making it more accessible and potentially leading to new opportunities in the crypto and tech sectors.