MANTRA NFT OMies Up 219x | Cosmos Crypto News & Airdrops | Akash Network, Cosmos ATOM, Babylon

This video dives into the current wild state of the crypto market, heavily influenced by political events, particularly Donald Trump's perceived entry into the crypto space. While meme coins are currently dominating attention and attracting new retail investors, the core focus remains on the long-term potential and fundamental advancements within the Cosmos ecosystem, emphasizing sovereignty and interoperability. The presenter maintains a steadfast conviction in deep tech solutions over fleeting narratives.

Here's a closer look at the key topics and insights:

• Trump's Impact on Crypto & Meme Coins:

  • Inauguration Day is seen as a potentially "crazy" day for crypto, with Bitcoin hitting new all-time highs despite extreme volatility, even dipping below $100,000 before a massive pump.
  • Donald Trump's meme coin launch has heavily divided the crypto community, not just due to politics but also because it's a meme coin (which some feel discredits crypto's fundamental revolution) and it launched on Solana, reigniting the Ethereum vs. Solana debate.
  • It's personally believed that Trump's involvement is a net positive for crypto, acting as a catalyst for new retail adoption and a "stamp of approval" from the US government, signaling a push to "make crypto great in the USA."
  • The market saw insane liquidity shifts, with all other altcoins getting "sucked into Trump coin," which briefly hit a $73 billion valuation.
  • Melania Trump then launched her own meme coin, pulling liquidity from the Trump coin and reaching a $10.8 billion valuation shortly after launch. A vast majority of both coins are held by their creators, meaning Trump's net worth is largely tied to his meme coin.
  • Eric Trump is actively "bullposting" about crypto and Bitcoin, indicating strong family support for the space, including the Trump administration's newly appointed crypto czar, David Sachs. Trump's DeFi project, World Liberty Finance, bought $20 million worth of Ethereum, with hints of more to come.
  • The top downloaded app on the App Store is Moonshot, a meme coin trading platform allowing purchases with Apple Pay, signaling that fundamentals are "entirely out of the window" and the current market is dominated by meme coins and AI narratives.

• Cosmos Ecosystem & Long-Term Thesis:

  • Despite the meme coin craze, a commitment is made to sticking to core principles and the long-term thesis, believing fundamentally in the deep tech stack of Cosmos, interoperability, and sovereignty.
  • It's believed that a major bull run for altcoins, especially those with strong treasuries, relevant roadmaps, and smart teams, is coming. Many coins without these will likely "die out."
  • Cosmos is highlighted as a hub for such "gems," including chains like Mantra (tokenization/RWAs), the ASI Alliance (AI play), Cosmos Hub/Atom, Celestia (modularity), Injective, Sei, dYdX, and Akash.
  • The conviction is that Cosmos is all about sovereignty and interoperability, and it will eventually do well, especially with new co-CEOs (Mark and Barry) at Interchain Labs working on a revamped roadmap for the Cosmos Hub and Atom.
  • The vision for the Cosmos Hub is to be the "world's decentralized router," which is seen as crucial for the future of blockchains. There's a hope that this vision translates into an actionable roadmap quickly to prevent Cosmos from being left behind.

• Cosmos Project Updates:

  • Saga: Positioned well in the AI agent ecosystem, Saga is a chain designed to launch other L1s called "Chainlets," initially for gaming and now expanding into AI. A key partnership with Virtuos (an AI agent platform) allows AI agents to launch their own chains on Saga. It's emphasized that Saga needs to get its liquidity layer into production soon. A reminder is given to claim the Vault 9 Saga airdrop, which is closing soon.
  • Akash Network (AKT): This is the second-largest liquid portfolio position, highlighting a strong personal bias. Akash is a compute and AI play native to Cosmos, considered "one of the most undervalued coins in all of crypto" despite being 60% away from its all-time high. It recently elevated its brand for Akash Chat, a free aggregator for open-source AI models. Akash is seen as well-positioned to be the compute layer for the AI economy, notable for being a non-financial use case with actual demand, which is "very, very rare in crypto." The team's commitment and ability to "ship and deliver" are praised.
  • Lava Network: A relatively new RPC infrastructure play, Lava Network has crossed 100 billion requests in just five months. As a private investor, the project is known and praised for its team and rapid progress. It's integrated with various chains beyond Cosmos, including Near Protocol, Filecoin, and Starknet, showcasing its growing utility.
  • Stargaze & Mantra NFTs (OMies): Stargaze is the "OpenSea of Cosmos," the go-to platform for NFTs. The "on-chain OMies" NFT collection by Mantra saw "absolutely wild" returns, with mint prices of 1-2 OM now trading at 218 OM, a 218x or 109x gain. The mint was extremely competitive, with tens of thousands of simultaneous clicks and many errors due to 109 million requests. JP, the founder of Mantra, is actively sweeping the floor (buying) OMies, supporting the floor price. Hints of future airdrops for OMies holders (potentially OM tokens or tokens from projects launching on Mantra's L1) are discussed, with the art reveal for the NFTs coming soon.
  • Babylon (Babylong NFTs): Babylon is teasing the "Babylong" NFT collection. It's speculated that Bitcoin stakers and those who claimed roles on Babylon's Discord will be eligible to mint these NFTs, following the success of Mammuts and OMies.

• Cito Earn Initiative:

  • A new product inspired by Superteam's EARN campaigns is being launched called Cito EARN. It's a marketplace where users can post and complete "micro tasks" (like creating content) for prize money.
  • This is presented as an actionable takeaway for Cosmonauts active on Twitter or YouTube, with an example of a recent winner who created a well-received thread about the Cosmos Hub.

• Trump's Crypto Ball:

  • A brief mention of the "Trump crypto ball" on January 17th, the night the Trump meme coin dropped. This event invited crypto founders, leaders, and investors in the US, signaling "phase zero of making crypto great in the US again." Key Cosmos figures like Eric Chen (Injective) and Rushi (Movement) were present, interacting with David Sachs, the new crypto czar.

The current market is extremely volatile, described as a "rollercoaster of price action." While not chasing new narratives like AI agents or meme coins, there's a personal belief in an impending "true alt season" where everything pumps, especially US coins, which is why a position in Hedera HBAR is still held for US exposure, despite not actively following its developments.