Solana Weekly: #20 - Pump Those Forbidden Cryptos

What’s up everyone! We’ve got prices going up, we’ve got volume up, and I’m having fun. I hope you are as well and I want to get into what we’re seeing. A couple things from relistening to last weeks’ episode that I want to change. It wasn’t the SEC that was charging CZ from Binance, it was the CFTC which was charging Binance and CZ. I don’t know why I was winging that when I could have just Googled it, but I’m learning over here! CFTC is the Commodities Futures Trading Commission and they are charging them with offering derivatives to US customers. It’s just another regulatory attack against exchanges. We’re going to continue to see this and need to stand up for our right to crypto. Also only y00ts had bridged last week, this week we saw the DeGods move.* Solana Price Update: A review of the current price of Solana and its performance over the past week. Sitting at $20.72, up a whopping 3% with tighter range for the week of a low of $19.65 and a high of $21.50. It does seem to be catching little pumps from either BTC or Eth when they catch a bid. So I’m optimistic. * Solana vs. Ethereum: Down to .01096 with a 5.7% decrease on the week. We’re seeing some action on ETH which had trouble breaking resistance at $1850. It broke that and we are sitting around 1900 and I won’t be surprised when it breaks 2k. * Solana vs. Bitcoin: Sitting at .000742 which is a decrease of only 1.8%. So we’re tracking pretty well with BTC, which I still think is strong because I’m only expecting more strength from BTC. All I want is more BTC on Solana. FTX kind of f’d that up with their bridged BTC not being backed by anything. But Jump has bridged WBTC and it’s got some volume. I want more, and will fight for it. * NFT Happenings: DeGods did the bridge, tons of volume in SOL though. We saw SolCasino mint and it quickly 2x’d from their 12 sol mint. Now it’s dipped down to 16 because they have shitty messaging and announcements that no one can understand. Oogy reveals this Friday and is still sitting at a good pump of 26.4 Sol. The Apes are back! Degenerate Ape Academy is getting ready for their release of their V2, and I forgot just how loud that community is. Good to see it, and the drops of the new art is immaculate. Mono is the goat. They are sitting at almost 62 Sol from dipping to around 40. Lily is also doing well, they had a snapshot for their airdrop and the marketing is only getting better. Famous Foxes continue to crush, I did some analysis of my bags and realized that I’m actually a Fox maxy and they are the biggest part of my NFT portfolio now. FFF’s at 66, TFF’s at 19. I bought some Toonies because they look sick, but they are tanking down to 1.8, so we’ll see if their deflationary tactics can get them a pump. Wolf Capital’s seeing a pump at 7.8, and I’ve been buying some Degen Poet 1/1’s because he’s freaking amazing. Gotta also give a shoutout to Cyber Samurai’s, I think their super undervalued, and Shake is a Goat. Their alpha channels are so legit. Also getting more and more pilled on the Monkey Baby Business, it’s the best discord I’ve ever joined and I get all my alpha from there now. * The Queks are BACK! If you want a project that feels like an Eth project, no communication and you wait until a whale sweeps, boy we do we have a project for you! Ha, but I do like that they don’t have expectations or utility, liking this more and more because the expectations are getting ridiculous. * SMB and MonkeDao continue to battle. This time HGE is b******g because he’s waiting 60 days to start doing work on the SMB project. So he said he’s not selling to MD, but I’ve seen other convo’s with Skelly and Nom have been productive. So who knows if HGE is being dramatic or if he’s calling it. Seems dumb and I want to sell, but I’m not. * Still so bullish on the Solana Phone, releasing for public on April 13th! These have the potential to be a massive game changer for ALL crypto and couldn’t be released at a better time. * Magamigos - a MAGA version of the popular nakamigo’s has dropped and I love it. I think we’ll see more of this and want to see it on Solana. I’m not a maga maxi, or even a Republican. But I live in the US and I believe in crypto. The democrats are literally creating an anti crypto army while all the pro crypto legislators are Republican. It goes to the nature of smaller government, less intervention, more freedom and at a time like this it couldn’t be better. Trump’s policies look better and better the crazier the current administration is acting. Him getting arrested is only going to get him closer to winning another election. Enough politics! I still think his collection is bullish, his wife dropped a collection on Sol, we could see growth in a Maga Monkey Business deriv. Even without any maga stuff, I think we could see a DAO on Solana being pro crypto and supporting those that take a stand. I actually think it’s necessary and if I can’t find some to support I’m going to build it. * Closing Thoughts: Crypto’s use case is only getting clearer, we’re seeing volume, we’re seeing macro conditions that are scaring everyone, and Solana continues to be the fun chain. I think we need to focus on that, we can use this amazing technology for fun. With that I’ll leave you, hope you all have a good rest of your week and Happy Easter. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thomasbahamas.substack.com