Path on NFTs, the metaverse and crypto cycle price predictions
UpOnly: Chats with Crypto Experts
Is the Market Cap of an Edition Going Higher Than One of One?
Pairing edditions is kind of similar to fractionalizing it, really. An almost craze more like an order book system. It's realy interesting playing around thes set with these things. Like seeing, like wat craze, like the largest market cap.
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Show Notes
Introduction
– Path has never had a job
– Ledger: “You basically went from being a child, to retired”
– Ledge wants to bring Teen Executive back on to teach him a lesson
– Path bought Bitcoin on the run up in 2013 around $100
– Went to $250 then dropped to $50 in 3 days
– Largest red candle ever? 80%?
2014 Alt Coins
– Feathercoin, BlackCoin
– Ledger bought BlackCoin in 2017 lmao
– BlackCoin was the best pump cause it ripped like 10x, then WhiteCoin pumped right after
– Do not hold something longer than the 1st pump
Path’s Convictions
– Had a lot of ETH back in the day but sold early
– Then built a large position in the 2019 bear market
– Path: “High fees are bullish”
– For Ethereum, you’re paying for the security
– A lot of volume will shift to layer 2 in the coming years
Zcash
– Path was high conviction ZEC early on
– It has really been down only since then
– Zooko (Zcash creator) mentioned in the white paper
– Military very interested in Zk-SNARKs
– for 60 IQ newbs, Zk-SNARK = Zero-Knowledge Succinct Non-Interactive Argument of Knowledge
Tezos
– Path fudded Tezos a bit for NFTs back in May
– The founder quote-tweeted him and got pissed
– Path: “Tezos as an investment isn’t great really”
– Path: “Tezos is definitely the second best chain for NFTs after ETH”
– Chat: “How can you say Tezos is the second best NFT chain when Solana exists?”
– Path: “Tezos has actual art!” he likes the art
NFTs
– CryptoKitties took off 2017 peaks
– Rare Pepes were even before that
– CryptoPunks prob still a great buy
– Axie Infinity is paying people more than minimum wage in their countries
– Path: “Axie Infinity is only the first one of these metaverse games”
– Path: “Save your money and wait for the big collections to come along”
– Path: “Eventually all artists will come to NFTs, even if they hate it now”
– 1/1s have performed very well
– MekaVerse is the biggest NFT drop maybe ever, comes out in 45 min
NFD
– Path fractionalized the fiesty DOGE picture
– Now has a market cap of 8,700 ETH ($31M)
– that’s a very profitable day
– PleasrDAO fractionalized the original DOGE picture
– Bought for $4M, now worth $250M
– Cobie: “Why is dog money a thing at all?”
– It shows that memes have real value
Path soothingly talking and Ledger casually charting in the background
Cobie: “It’s pretty cool how Sam is the richest person under 30 and he just replies to your DMs and tweets”
Trading
– Cobie: “Do you still trade or are you just a collectooor?”
– Path: “I’ve been trading still, mostly NFTs”
– Still likes Bitcoin, longer ETH
– ETH will go sideways before $4k, then in a month or two you lever up on a dip and watch it rip
– Bitcoin probably runs first, then others after
– Path: “ETH chart looks good… going to $20k easy”
– Path: “This is the supercycle I don’t think these bleed out anymore”
Urbit
– Been in development since 2002
– Your ID is locked to a planet or star
– You can buy planets, stars, and galaxies
– It’s all about decentralizing everything and not being at the mercy of Microsoft or Apple or anything
– Path: “It’s a great idea, it’s a really interesting idea”
– Path: “This is the next big thing after NFTs and metaverse and stuff, you guys will be on this in like 5 years”
Asset Name Tops
Bitcoin – $250k
Ethereum – $80k
Solana – $500
Cardano – $20
Chainlink – $400
Zcash – $5000
LUNA – isn’t that a stablecoin?
AAVE – $1000
BNB – $2000
FTT – $300
TSLA – $0
GME – $1000
UK Gas Prices – ???
Floor Punk – 300-400 ETH
XTZ – $50
XRP – $3
Other Chat Questions
– The land produces Axies and Axies themselves are yield generating so its like a double
– AVAX is good but you’re getting dumped on by funds
– Honoraries are given to be sold
– OpenSea will likely do a token
FINAL ALPHA
– Path: “Just be yourself”
– Cobie: “What about if you suck?”
– Path: “Get better”
Notes by Kevin
Music by GiovanniPickle
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