Crypto AI is exploding

SCOOP’S TL;DR

📈 MARKET SENTIMENT

  • It’s been a whipsaw of a week, and $BTC reaches ATH! It then dumped at $69K? Why? A mystery wallet that mined 1000 BTC in 2010, and decided to sell $60M worth of BTC ahead of the halving. Paper hands? No, no one can blame him for that.

  • $BTC reaching ATH before the halving is insane! Never has this been done in history. ETF flows are going bonkers and Wall Street can’t get enough of the asset. Are you bullish anon?

🔥 THE TRENDING NARRATIVE

  • Memes. But what is next?

🏋️ BARBELL’S WEEKLY PICK

  • $PALM - PALM AI

🗞️ TOP STORIES

  • BTC Closes In On ATH

  • Blum Launches

  • UK Freeze Authority

🏆 WEEKLY WINNER

  • Bonk

😡 REKT SECTION

  • Commonwealth Bank

💎 PREMIUM SCOOP

PNG. Line Break - Triple Scoop
  • Crypto Total Market Cap $2.5T - 24/hour change +4.28%

  • Crypto 24-hour Total Volume $228B +3.07% (Up 42% in 7 Days)

    • Majors - 24/Hour change

    • BTC - $67,000 - +4.81%

    • ETH - $3870 - +6.68%

    • It’s been a whipsaw of a week, and $BTC reaches ATH! It then dumped at $69K? Why? A mystery wallet that mined 1000 BTC in 2010, and decided to sell $60M worth of BTC ahead of the halving. Paper hands? No, no one can blame him for that.

    • $BTC reaching ATH before the halving is insane! Never has this been done in history. ETF flows are going bonkers and Wall Street can’t get enough of the asset. Are you bullish anon?

    • $BTC may be consolidating here before the next push-up, but consolidate here, and ALTs will send.

    • For $BTC we see $72K as the next major target.

    • Regardless. Bitcoin is going up, we believe to the $120-$140k levels, and alt season is just around the corner. It will be the biggest of our lives.

    • If you haven’t already, make an effort to align your bags into AI, Gaming, & Depin. Oh and of course memes.

    • Bitcoin/dominance

      It's Alts time. Bitcoin will pop up, but we are starting to see pockets of ALTS really start to outperform Bitcoin.

    • Explosive moves ahead. Brace for launch.

    • We foresee AI / Depin ALTs having an explosive rally.

    🔮 NARRATIVES TO FOCUS ON IN 2024

  • - AI Infrastructure / Autonomous agents

  • - GPU / Cloud Computing

  • - Gaming / Game-fi

  • - DEPIN (Decentralised Infrastructure)

  • - RWA - Real-World Asset tokens

  • - Memes - (you’re not too good for them)

  • - BTC Defi / BRC20

  • - New Layer 1’s

  • - Parallelization EVM / Modular Blockchains

  • - Solana Killers

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Crypto is a narrative & trend-driven game, where attention goes, the money flows. So what’s hot?

MEME’S… BUT WHAT IS NEXT?

The last week, Meme tokens have shown incredible strength, we don't want to sound like a broken record, but we have been telling you, “You’re not too good for them”.

Crypto Twitter has been taught a valuable lesson, memes are a category as valid as any other, but they have a secret ingredient, they are simple, easy to understand, and retail love them. Which means guess what…they run harder than Mo Farah.

The Coinbase app is now number 44 on the App Store download chart, the masses are creeping back around. To use the masses to pump your bags and use them as exit liquidity, you will have to be in the bags they want to buy. Bear that in mind.

Of course, being early to great projects is key, but rather than think what ‘you’ believe to be good. Try thinking about what everyone else will believe to be good first. That is where they will spend their capital.

Our plan is this, we have rotated profits from memes into more utility-focused plays across the AI & DEPIN narratives. Why? The NVIDIA GTC summit is just a few weeks away, which happens to be one of the biggest AI & Computer conferences across the globe, naturally, there is going to be a lot of hype & attention circling back around to AI. The key is to not Ape tops and to be ahead of the curve & front-run the next run up. AI has felt like a constant trending narrative, and it will be for this bull cycle. But we think over the next few weeks. coins that sit within the AI & Computer category will run harder than the rest.

As well as AI, gaming is also starting to take shape. I have said for months now that the gaming industry is ripe for both disruption & improvement through crypto & web3. Retail or Normies also just get it. It’s familiar, its fun, and it’s visual. They don’t need to understand complex defi to ape, they just need to see crisp graphics & bright colors to hit the buy button.

Start considering gaming projects for your portfolio to front-run the next mega narrative.

🏋️ BARBELL’S WEEKLY PICK

In each issue, our Founder ‘Jack Barbell’ delivers a hot rising star crypto asset that is yet to explode.

You can Follow Jack Barbell on X - @thebarbell_

Project - $PALM - PALM AI

Chain -ETH

Marketcap - Circa $80M

Tokenomics - 80% diluted

Risk - 6/10

Where to buy? - UNISWAP & MEXC centralized exchange.

Strategy - $PALM, might be up bigly, but it doesn’t mean there isn’t a huge upside to go. Winners keep winning & as an AI token with a lot of attention on it with the upcoming NVIDIA GTC Conference in the coming weeks. This thing could run multiple. The chart has gone straight vertical the last few days. Let it cool off to find your entry for a short-term play. If you want to hold for a few months, feel free to Ape irresponsibly.

Barbells’s take

While others focus on tokens like $TAO, $RNDR, and $FET, overlooking $PALM could mean missing out on the unprecedented opportunity in the burgeoning AI market.

Often dismissed as just another AI chatbot, $PALM is far more than meets the eye. Behind its unassuming facade lies technology that is reshaping the landscape of AI. Partnering with the innovative web2 startup Endobyte, $PALM is breaking new ground by introducing an AI-powered dataset generator.

What does this mean? Training AI with data sets is crucial for machine learning, with an AI-powered data set generator, it means accessibility and democratization of advanced AI technology can take place, and creating AI models is now as easy as a few clicks and zero coding knowledge. This groundbreaking innovation not only levels the playing field but also opens doors to endless possibilities beyond the narrow focus of competitors like $PAAL, which is 4X the market cap of $PALM.

While $PAAL may offer a glimpse into the potential of AI datasets, $PALM's vision is grander, its reach broader. With its ability to cater to diverse industries and user bases, $PALM is poised to capture a significant share of the multi-billion-dollar AI market.

On top of the tech, we know marketing plays a huge role in driving attention. $PALM’s branding & marketing is top draw. Who doesn’t love palm trees? They shout “Vacation, Relation & Happy thoughts”, but on top of that, the project plays into the familiarity piece, using Google-style colors, perfect for attracting a wide audience.

In a world dominated by AI, we wouldn’t want to be against the sector & narrative in crypto. The potential for exponential growth is too great to ignore.

🌐 TOP STORIES

Bitcoin Closes In On All-Time High - Supply Shock, Here We Go!

At a glance 🔎
  • At the time of writing, Bitcoin has once again soared closer to the all time high.

  • The price is up $7k over the last 7 days as it looks to break through the $69k barrier.

  • It is now up over $20k since the launch of the ETF.

  • Following the latest rally, Bitcoin hits its all-time high in 14 of the major 20 currencies of the world.

🕵️ Scoops take:

With the recent boom comes the supply shock. Kraken had a notification on the app saying “The asset you are trying to buy is sold out”, The buy button on Coinbase was greyed out and CashApp ran out saying they had none available for sale.

Welcome to the Bull! This will only get more intense the closer we get to the halving with buying pressure booming.

Now for the fun-fact. When BTC broke its previous all-time high, the price more than tripled in 103 days. Should the same pattern repeat then we can look forward to a $213k BTC in June!

Lock up and load in.

Blum Launches - Another Trading Platform Hits The Market

At a glance 🔎
  • Former Binance executives, Gleb Kostarev and Vladimir Smerkis have launched the product.

  • The aim of Blum is to deliver direct trading from third-party wallets across multiple bloackchains.

  • Blum has secured a spot in Binance’s accelerator programme which should assist with elevating the popularity of the product in a competitive market.

🕵️ Scoops take: 

Another win for the community as a whole.

With each passing day there are more and more new initiatives hitting the digital shelves that we can feast on.

With the respected expertise gained at Binance, it is hard to see where this one will fall short.

A criticism of the space has always been the lack of seamless trading between wallets and exchanges so let’s hope this is the nut cracked.

As you will see with the variety of narratives and trends that we share, this could ,in time, prove a brillaint product to use.

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UK Freeze Authority - Another Concern From The Law Makers

At a glance 🔎
  • The law is set to come into effect on the 26th of April and will give law enforcement powers to seize and freeze crypto.

  • The biggest concern is that the freeze can take place without requiring a conviction and any asset can be destroyed by transferring them to a burn wallet.

  • For now, all freezing and destoring will be crypto used in crime…aparently.

    🕵️ Scoops take:

It starts with the UK and quickly spreads like wildfire to other corners of the globe.

So do not think for one minute that this will only be present there. We have alreayd seen with Nigeria, the Government can shut down what it wants when it wants.

A lesson to all - explore how to keep your assets off central exchanges!

Yes, central exchanges are sometimes a neccessity but do not keep all your eggs in one basket, spread out your investments.

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🏆 WEEKLY WINNER🏆

Bonk

In case you haven’t heard of Bonk, it is the most widespread held dog-themed cryptocurrency on the Solana blockchain.

And over the last week and month it has done incredible numbers.

Not only was it the top mover over the last day with a 66% increase, over the last week it is up 207% and 332% in the last month.

The market cap has smashed through the $2bn mark.

With a current price of £0.000032, you can secure yourself plenty!

😡 THE REKT SECTION 😡

Commonwealth Bank

As mass adoption lights up in 2024 - some just want to limit the fun.

A disastrous take amid an epic bull.

Without any further introduction, step forward with Commonwealth Bank.

The Australian bank has restricted users from purchasing crypto by placing limits on accounts.

Not a great look on the day that Bitcoin hits an ATH against the Australian Dollar.

 

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