2024 Crypto Recap I The Good, Bad And The Ugly!

Crypto Banter

Introduction to the Show

The host starts by welcoming viewers back to the show and mentions that they initially didn't want to do a show but decided to after seeing the positive response from their audience. They express gratitude towards their viewers and announce plans to analyze the market, discuss their thoughts on it, and revisit the significant events of the past year.

Market Analysis

  • The host discusses their market analysis, focusing on potential bounces and retraces in the cryptocurrency market. They mention the concept of a "daily equilibrium" and the importance of the $2.95 trillion region for the total market cap.
  • They also talk about the implications of breaking through certain levels, such as the $3.22 trillion region, which could lead to a significant rally if closed above after a massive liquidity event.
  • The host shares their personal investment strategy, stating they are "heavily long" on certain assets, with a significant portion of their portfolio allocated to them.

Recapping the Year

The host decides to recap the significant events of the year, highlighting:

  • January 10th: The SEC approves Bitcoin ETFs, leading to $4.6 billion in trading on the first day.
  • March 5th: The market breaks previous all-time highs, reaching $67,000.
  • April 19th: The Bitcoin halving event occurs, reducing the block reward.
  • May 23rd: Ethereum ETFs are approved.
  • June 19th: The German government sells 50,000 Bitcoins.
  • July 3rd: Trump's assassination.
  • July 13th: Significant market movements happen.
  • July 27th: Trump gives a speech at the Bitcoin Conference, mentioning crypto will skyrocket.
  • August 2nd: A large vibe out occurs, with $500 billion in money disappearing.
  • November 21st: Hungarian announces resignation.
  • December 5th: Bitcoin hits $100,000.
  • December 10th: A massive liquidation event occurs.
  • December 13th: MicroStrategy is added to the NASDAQ index.

Charts and Token Analysis

The host analyzes charts for various tokens, including:

  • Aptos: Described as a perfect buying opportunity, with the advice to start layering in positions.
  • Cardano (ADA): The host jokes about not understanding ADA but notes a potential market structure shift that could make it a good buy for believers in the project.
  • TOW: Shows a beautiful market structure shift but is advised to wait for a better entry.
  • FUEL: Just got listed on Bybit, and the host finds it difficult to charge.
  • Theta: Looks great but has been massively dumped, making the host cautious.
  • Celestia: The host feels it looks very good, especially considering previous predictions about market structure shifts.
  • Sui: The host is heavily long on Sui and explains why, citing a massive recovery and stairs down, which they interpret as a good buying signal.
  • TON: Has a market structure shift and massive liquidity buildup, making it potentially explosive.

Phantom and FTM Analysis

  • Phantom: Not considered a good buy after the Sonic upgrade. The host advises converting Phantom tokens to Sonic or buying FTM after the upgrade.
  • FTM (Fantom): Considered a great buy, down about 50% from the beginning of the news. However, the host advises against keeping positions open due to the upcoming closure and potential bleeding.

Conclusion and New Year's Celebration

The host concludes the show by thanking their audience and expressing excitement for the new year. They then proceed to pop a "Bentos Bubble" (a confetti gun) to celebrate, despite initial reluctance due to the potential mess. The show ends with the host wishing their audience a happy new year and inviting them to the next show.