Summary of "Why I Bought AVAX Altcoins Today! (Early Alpha)"
The video focuses on the presenter's bullish outlook on the Avalanche (AVAX) ecosystem and highlights several altcoin investment opportunities within it. The main financial strategies, market analyses, and business trends presented include:
Main Financial Strategies and Market Analyses:
- Early Positioning in AVAX Ecosystem: The presenter emphasizes front-running emerging narratives by entering AVAX ecosystem tokens early, based on technical analysis and ecosystem fundamentals.
- Technical Chart Analysis:
- TVL (Total Value Locked) and Ecosystem Growth:
- AVAX’s DeFi TVL is currently $2 billion, below the 2021 peak of $10 billion, indicating room for growth.
- DeFi volume (DVL) is showing an uptrend with higher highs and lows, suggesting increasing ecosystem activity despite price downtrends.
- Bottom-Fishing and Identifying Potential Explosive Runs: Several tokens are identified as having potentially bottomed out, offering attractive entry points for explosive upside.
Step-by-Step Investment Methodology Shared:
- Identify ecosystem bottom or strong support zones via chart patterns (e.g., double bottoms, support flips).
- Confirm buying pressure and volume trends to validate potential breakouts.
- Look for tokens with strong fundamentals, community engagement, and strategic initiatives (e.g., buybacks, giveaways).
- Use technical resistance and extension levels (e.g., 1.618 Fibonacci extension) to set price targets.
- Monitor Total Value Locked and ecosystem health metrics to gauge overall market potential.
- Consider joining exclusive private groups for early alpha and access to low market cap tokens.
Key Altcoin Picks and Analyses:
- Black Hole Dex (BLACK): Seen as bottomed around $30-35 million market cap with potential for new all-time highs.
- Bitty (Solana Meme Coin): Strong support at $7 million market cap, breakout underway, potential to reach $28 million and possibly $100 million in 3-4 months.
- Nuno (NOO): Holding well on support/resistance flips, strategic buybacks in place, significant token lock-up until 2050.
- Kuso: Holding trend line support, potential bottom formation, not just a meme coin.
- Pokei: Increased from $263k to $581k market cap with rising volume, indicating continuation potential.
- Gunzilla Games (GUN): Double bottom formation, breakout with volume, potential gaming sector play.
- Trader Joe (JOE/LFJ): Largest DEX on AVAX, consistent price floor, potential for significant multipliers if AVAX rallies.
- Token Mill: New game promoting meme coins on AVAX, similar to Pump Fun on Solana, showing early volume and interest.
- Other notable meme coins: Cockinu (CoQ), No Chill, Lambo, Kimbo, Gecko Enu, Landwolf.
Business Trends:
- Growing interest in gaming tokens and meme coins within the AVAX ecosystem.
- Strategic community engagement and buyback programs to support token price floors.
- Increasing ecosystem activity despite lower TVL compared to previous cycles.
- Emphasis on early alpha access through private subscription services for exclusive token picks.
Presenter/Source:
The video is presented by the creator known as @0xKaroshi on Twitter, who runs a private subscription service called Kroshi’s Private for early access to altcoin picks and deeper market insights.
Category
Business and Finance