MANTRA NFT OMies Up 219x | Cosmos Crypto News & Airdrops | Akash Network, Cosmos ATOM, Babylon
Cryptocito | Daily Cosmos Crypto News ⚛️
5 months ago
The summaries and transcripts on this page are generated with AI technology and may not perfectly represent the content of the video. Please use the information as a guide only.
Executive Summary
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.
Transcript
Transcript
Bonas dias, bonas dias, today is the day, inauguration day, Trump is getting into office and whether or not this is going to be a big pump for crypto or a sell the news event, we're going to see during the course of the day. But what is for sure is that it will be crazy, it will be crazy, it already is crazy, not only because Bitcoin is at 108,000, making new all time highs, even though in the past 24 hours, it has been volatile AF, even went below 100,000. But then saw this massive pump earlier this morning here, Dubai time, and is now making all time highs. But also because Trump launched his own coin, the Trump meme coin is here and the crypto community is very divided about this, not only because of Trump himself and his politics, but also because number one, it's a meme coin. And it kind of discredits a little bit the fundamental technical revolution that crypto blockchain decentralization all represents. Number two, also because it launched a Solana, which then fueled the beef between the Ethereum community and the Solana community. My personal view on this, and I don't hold any Trump and I don't hold any Melania, which just dropped a few hours ago as well. But my personal view, this is eventually a net positive on crypto because it brings more retail in. This is probably a catalyst to bring new retail in and ultimate stamp of approval by the US government and a clear sign that they're going to actually make crypto great in the USA. Now, looking at the chart and price moments is absolutely insane. I first saw Trump at around 13 or 14 dollars, and I thought it would be a no-brainer to buy. I didn't buy. This was before it got listed on Coinbase, Binance, and so on and so forth. So I'm sidelined, but I'm also not very mad about it, to be honest with you. And even if I bought it, I would not have put in a significant amount of money because it was also unsure in the very beginning whether his account got hacked, whether this is legit or not. So you always have to be very, very cautious on that. But in terms of market growth, this is absolutely insane. And you could literally see how yesterday all else were sucked into Trump. So all the liquidity went into Trump coin yesterday, and this rallied the coin up to a $73 billion valuation. But then something happened this morning. It dropped from $72 to below $50, even below $45. And why is that? Well, that's because Melania then announced her meme coin. So Donald Trump's wife, Melania, launched her own meme coin. And the moment this thing launched, it sucked in the liquidity from Trump coin and is currently at around a $10.8 billion valuation. You also have to think that for Melania coin, I think 85 or 90% are held by the, I guess, creator, by Melania herself, probably, or her organization. And in Trump's case, it's 80% that is held by the creator in a couple of wallets. But that means that the vast, vast majority of Trump's net worth is now in his own meme coin, which is crazy to think about. And that is now the sitting president of the US for the next four years. And his wife is also now a multi-billionaire with that one meme coin. And you can also see that the trading volume is absolutely insane. $6.2 billion in trade volume for Melania, which just launched a couple of hours ago. At the same time, we see Eric Trump bullposting pretty much everything about crypto and Bitcoin. So he posted this picture with Michael Saylor with rocket emojis of Bitcoin, World Liberty Finance, which is their Ethereum DeFi project. And also David Sachs, who is a newly appointed crypto czar by the Trump administration. And also World Liberty, which is Trump's DeFi project. They bought $20 million worth of Ethereum. And Trump's saying, wait until you see what they do tomorrow. So that's today. Maybe by the time you're watching this video, there's already some big news out about Trump buying Ethereum like crazy. But it's going to be wild. And to be honest, I think we're not ready to see where this bull market is going. But I believe that it will be crazy. And to see that Eric Trump's timeline is full of crypto stuff, to be honest, is just wild. Anyways, that's the state of the market. And number one most downloaded app on the App Store right now is Moonshot, which is a meme coin trading platform where you can buy meme coins with Apple Pay. So fundamentals are entirely out of the window. Mid-curved content creators like myself, who has been mid-curving in the deep tech stack of cosmos, interoperability, sovereignty. Nobody cares about this right now. Right now, it's all about meme coins and AI agents and what Trump is going to do next. So it's all eyes on that. And I also understand that. But nonetheless, I will keep sticking to my principles. I will keep sticking to my thesis and my theory because I also believe fundamentally in what I'm talking about for many, many years now. And I also think that eventually we are going to see a major, major bull run for all altcoins especially, which means all coins, maybe not all every single coin, but all coins that have a sufficient treasury or runway, a roadmap that's relatively relevant to where crypto is going to for the next couple of years. And as a smart team, as a community, I think all these coins are going to do well. There are going to be a lot of coins that have none of that that will just die out and go to zero. But I personally think that in cosmos, there is a lot of those coins and gems. And this is what I'm focused on. If there's other YouTubers that are focused on Solana, which obviously is a lot hotter right now, or Avalanche or Near or Ethereum or Rollups, right? There's like a lot of different flavors and verticals, then that's also great, right? But on this channel, you'll primarily hear cosmos content, which includes coins and chains like Mantra, which is leader for tokenization and RWA's. The ASI Alliance, which is also a cosmos chain, and that's an AI play. Cosmos Habatum, Celestia, the creator of the modularity category. Interactive, Say, DYDX, Akash, and so on and so forth. So those are all the coins that I'm primarily talking about here on this channel. Every now and then, we do have guest conversations or interviews from people from other ecosystems. We've been doing that over the years also with Solana people, with Hedera Hashgraph people, with Avalanche people. So, and maybe going to do that this cycle as well. But anyways, looking into price movements, it's insanely volatile now. And to be honest, by the time you're watching, this probably looks a lot different. It's a rollercoaster of price action right now. So, nothing much to talk about price action today. But like I said, I will keep mid-curving and sticking to my thesis, not chasing new narratives, not chasing the AI agent narrative or meme coins. That's also not my style, my vibe. I'll stick to my conviction that Cosmos is all about sovereignty and interoperability. And eventually, it's going to do well, especially with new leadership that we have now, Mark and Barry at Interchain Labs. They're both co-CEOs. And they're now working on a revamped roadmap, especially for the Cosmos Hub and Atom, for the first time ever since Atom basically launched seven years ago on Mainnet or six years ago. So, but yeah, Mark also saying Cosmos is the internet of blockchains. And the Cosmos Hub, which is home to the Atom token, will be the world's decentralized router. So, if they can really deliver upon that vision, I think this is going to be a really, really big market. And eventually, with all the successes of the Solanas, the Avalanches, the Thehrams, and all these rollups out there, something like this is much, much needed. So, I really hope they can translate this into an actionable roadmap that will be executed sometime in the course of first half, but latest towards the end of this year. Because I think something needs to happen fast in Cosmos to not be left behind. But yeah, that's Mark's comments there. We also have Polaris coming up very soon, which is the token portal on Osmosis. So far, no news on that, but I'll keep you posted once Polaris goes live. We do have some big news from Saga, though. They're also now positioned well into the AI agent ecosystem. And Saga is a chain to launch chains, an L1 where you can launch L1s called Chainlets. And they started off in the gaming space. Now, they're also entering more and more the AI space. And they also have their liquidity layer a little coming up. But this also needs to launch very, very soon. I think for Saga, it's now also time to get more of this stuff into production, to have actual trade volume in their own liquidity environment. But it's all coming. Virtuos is one of the hottest AI platform out there, AI agent platform. And they have partnered with Saga to launch AI agents that can basically launch their own chains on Saga's Chainlet stack. To read more about that partnership or integration, you can see that blog post. Now, the second largest position in my liquid portfolio after Hedera HBAR is a cache network AKT, which is a compute and AI play made in Cosmos, native to the Cosmos ecosystem, been around for many, many years. And it's still 50%, 60% away from all-time high, 62%, which was at $8 around four years ago. One of the probably most undervalued coins in all of crypto right now. They also just rebranded or elevated, I should say, their brand for Akash Chat, which is basically an aggregator for open source AI models where you can access eight of them right now. And it's completely free to use. You don't have to sign in. So you can try that out as well. And I think overall, Akash is well positioned to be the compute layer for the AI economy. And that AKT is still severely undervalued. But of course, I'm speaking as a large token holder, at least relative to my portfolio. This is a significant position in my own portfolio. So I'm definitely biased in that. And I've been having a lot of conversations with Greg Azuri and the Akash team over the past four, four and a half years. So I'm definitely biased because I know the team very well. I know their commitment, their conviction, and their ability to ship and deliver. And if you look at some on-chain metrics and also data points for their product, product market fit, I think it's very, very clear that Akash is one of the best applications out there that's non-financial. It's not a chain where you can launch meme coins. It's not a DeFi product. It's not a PerpStacks. It's a non-financial use case that has actual demand. And that is very, very rare in crypto. And that's the stuff that I really love, that I focus on. I'm not going to chase memes or AI agents because I also think that the rotation is way, way too fast. And like I said, here, I'm more of a long-term conviction player. I'm a long-term investor. And that's how I see this stuff. And I might be wrong as well, right? Akash might also get competition that is just stronger or better, and then they will be irrelevant. Personally, I'm not seeing that as of now. But you always have to be at the pulse of innovation and stuff that is coming up as well. Another coin that is relatively new, though, but that is Lava Network, which is an RPC infraplay. So also another infrastructure coin. Not at all interesting for end consumers in that sense, right? You can't launch a token there. It's not home to meme coins or anything like that. But Lava Network is an RPC provider and is currently sitting at around $154 million valuation. It had a big pump here from $0.07 before the year ended to now $0.15. So a bit of a 2x after getting listed on Bybit and KuCoin. I think those listings are Gate.io. And Lava is also one that I've been a private investor in and knew the team since early, mid 2022, something like that. And I'm mentioning Lava today not only because they got listed on those exchanges, but also because they just crossed a major milestone. 100 billion requests on Lava Network. And they've only been around for five months or something like that. And significant milestones here also. Yair, the founder of Lava, shared their integrations. They're integrated not only with Cosmos Chains, but also with Near Protocol, Filecoin, Starknet, AIXBT, and multiple wallets. So good to see that they're shipping, they're delivering, and they're advancing. Now let's talk about NFTs in Cosmos. And the best platform to mint, scout, and trade NFTs is of course Stargaze, an app chain built, purpose built for NFTs, the open sea of Cosmos. And on Friday, I gave you an emergency video, if you will, about on-chain Omis, which is an NFT collection by Mantra. And the floor price right now is 218 OM. The mint price was 1 OM in the first phase and 2 OM in the third phase. So if you got to mint one, you're sitting at a 218X right now, or a 109X, depending on which round you got in. But definitely, absolutely wild. And to ask, those opportunities are there left and right. But Sloth have also done, actually right now, a 1420X, because it was one tier to mint one Celestine Sloth. For bad kids, I don't actually remember the mint price. It was just a few dollars, but it was still denominated in stars. But also right now, $1,500. After the filter was only a few thousand stars as well, now 21,000. So NFTs and Cosmos are definitely seeing a lot of interest. And the mint was insanely competitive. There were tens of thousands of people clicking simultaneously, trying to mint. And I had many, many wallets and different screens connected. I tried to mint as many as I could, because I have a lot of illegibilities on all my wallets. But I only got to mint two. But I'm still happy to have minted two OMIs. But Bernie is saying they had 109 million requests across all servers. And that really made the UX really, really bad for people that tried to mint. There were a lot of errors popping up. And it was just, yeah, very tough to get in. But I hope you got in. So let me know in the comments if you managed to mint your OMIs and if you're not part of the OMIs gang. JP, the founder of Mantra, is sweeping the floors. He's just buying and buying and buying. I think he said below $188 OM he's buying. And I think he's bought now 115 OMIs or something like that. But definitely he's holding up the floor price big time. And now the question is, what are we going to get? And apparently, now that the whole Mantra ecosystem is coming together, which, remember, is an L1 Cosmos blockchain that will also have, I guess, something like interchain security or something, where you can launch chains that are custom built, that are basically custom projects or smart contracts on top of Mantra that will also have their own tokens, right? Like Estate Protocol, for example, which has also been at Cosmos in Dubai last year. And I guess those projects will potentially drop to OMStakers, but also now to OMIs. And I think the core Mantra team is also doing the BD around that. So definitely something to keep an eye on. And also, potentially, we might get an OM airdrop for holding OMIs. I don't know if that is what I'm reading here, but definitely sounds there's some airdrop reveal coming up. Or are they just referring to that giveaway here? Because also today is going to be the reveal for the NFT art itself. Because right now we're still seeing this locked box right there. But I think the reveal for the art is coming today, if I'm not mistaken. But yeah, this, by the way, that you're looking at is JP's collection. And he wants to get 188 on chain OMIs. So let's see if he can achieve that. But I think he probably will, unless the floor price just doesn't dump. I'm also looking to buy more, to be honest, but not at this price. I'll probably see if it goes below 180, 150, then I would probably be a buyer. Now, we also have Babylon teasing the Babylong collection, it seems like. This is probably also going to be a collection that Bitcoin stickers, Bitcoin depositors on Babylon chain that claimed their role on their Discord, which we covered here many, many times. They will probably be able, and this is just my personal guess, my personal assessment here, to mint Babylong NFTs once they are live. So it seems like after Mammuts and Omis, which both happened in the past four or five weeks, we're now getting a third collection that is probably going to do extremely well. But yeah, we have to look at the economics, mint price, all these kind of things. Now, before I give you an airdrop reminder about a coin that you have to claim right now, that's expiring tomorrow, I want to give a call to action to everyone watching this content, to every cosmonaut that's been around for a couple of years, especially if you're active on Twitter or YouTube, then I want to invite you to check out C2EARN, which is basically a new product that we're launching, inspired by Superteam's EARN campaigns that they have. It's basically like a Fiverr, a marketplace where you can post micro tasks. And so far, we're just piloting this, but I think it's doing really well. And the submissions we're getting are also really, really well. Well, we just chose three winners in the last campaign. Tony has won that competition with his content, his big thread that he wrote about the Cosmos Hub and also got decent engagement here. You can see around 11,000 impressions, which is good, and some decent comments, engagement, all these kind of things. So big shout out to Tony for creating that thread. He's also a core cosmonaut, been around for a long time, and is just pushing decent content. And now we're entering the next round where you can participate and you can submit your content and win prize money, right? So go check that out on our website, c2.zone forward slash c2research forward slash c2eARN. You can just come here on our website, click here, and then you'll see this post, and you'll see all the requirements that are needed to participate in that campaign. Now, reminder to claim your Vault 9 Saga airdrop. It will close tomorrow at 10 a.m. PDT. That's sometime in the evening here Dubai time. So just make sure to browse through all of your wallets to see if you're eligible. You have to go here, just connect your wallet, and you'll see if you're eligible for that airdrop. So I hope you are because that's going to be a nice one and already the 10th airdrop since Saga launched Mainnet last April. Now, also some quick impressions from the crypto ball, the Trump crypto ball that happened on the 17th of January. And that was also the night on which the Trump meme coin dropped. But this was basically an event where they invited crypto founders, leaders, investors in the U.S. And this is probably phase zero of making crypto great in the U.S. again. We also see some customers there, Eric Chen, founder of Injective, and also Rushi, founder of Movement, hanging out with David Sachs with the newly appointed crypto czar. And yeah, probably a lot more. I just wanted to share those few picks here. But yeah, now back to the charts. I think today is going to be extremely volatile the next days, the next weeks probably. So yeah, let me know what your predictions are. I personally think that we are at the verge of a true alt season where everything just pumps, especially U.S. coins, which is also why I'm still holding on to my HBAR, even though I have not followed at all the developments in the Hedera ecosystem and whatnot. There's a project I've been following in like 2020, 2021. I also did an interview with Dr. Lehman Barrett back in 2021. But yeah, it's just been a couple of years that I have not really followed up on that. But I still held my backs and just didn't really think much about it. And now it is the biggest position, my liquid portfolio, which is good to see, to be honest. And I'll probably just hold it for, yeah, for my U.S. exposure. Anyways, let me know what your strategies are, your expectations for Trump. And I'll see you here very soon on CryptoC2. Until then, stay safe and be good. Thank you.