Which of these DAOs has the most potential? | The Market Report

Hello, friends, and thanks for stopping by today and hanging out with us here on the Market Report with cointelegraph. I'm your host, Benton, and we are joined again by our resident experts, Jordan Finiseth, Marcel Peckman and Sam Borgi. What's up, fellas? Jordan uses his background in psychology and human behavior to spot the emerging trends in crypto. And Sam Borgi is a business editor at cointellerf, where he brings a decade of experience in economic analysis and financial market writing. Marcel Peckman applies his 17 years of experience trading derivatives options and futures to the crypto derivatives markets. What is going on, people? Is bitcoin back how we feel this week? What's going on?

I'm excited. I don't know about you guys, but I think that this pump during this war period, during these difficult times tells us that at least part of the population, it doesn't care who you are, who they are. I'm starting to believe in bitcoin's capacity to be a global and sovereign store of value and means of exchange. So I'm excited regardless of the price. But it shows that adoption is slightly coming up.

Yeah, I was, I was looking forward to like a, I was looking forward to a 42500 price for Bitcoin to actually kind of signal maybe a turnaround stuff. So I like this little pop up we get. Hopefully we can hold it and keep going forward. But I think crypto's looking bright in the Canada and Ukraine and Russia. They all showing us why cryptocurrencies matter.

Yeah. So I was actually surprised to see bitcoin pump so hard. With stocks declining, it seems like bitcoin is now leading maybe risk on sentiment back into the market or leading a bounce on risk on sentiment. So as the guys mentioned, there's a lot of use cases now for bitcoin. They seem to be growing amid the, you know, the crisis in Eastern Europe as well as Canada. So fundamentally, I think bitcoin has this very strong value proposition and we're starting to see that again.

Exactly. And our thoughts do go out to those involved in the crisis over there in Eastern Europe and we will see kind of how the markets react here in the days ahead. And so we have a super exciting show today. Marcel is going to dive into what's happening in the markets and get you caught up to speed with all the info that you need to know heading into this week. And then we're gonna have a debate today, folks. This is the Dow debate. We're gonna finalize who is the best DAO for 2022 and which one's going to outperform the rest. So thank you again to all of our loyal viewers for tuning in. Make sure you tell us where you're tuning in from around the globe. We're a global show, folks. We love having everyone chime in and chat with us on Tuesdays at 12. So we appreciate you jumping on today's show. After we get through our debates, we will have our Markets Pro segment where we're going to give you the two coins you should have been watching with that vortex for newsquakes. And then as always, we're giving away that one month subscription of Markets Pro. So make sure you're dropping your Twitter handle in chat today. We're going to be selecting our winner at the end of the show and then we got our poll. So if you're here representing for one of the dowels on the show today, make sure you're chiming in, make sure your voice is heard. And we're going to have that poll at the end, so make sure you are staying tuned. But first up, we're going to give you the market news roundup for this week. So Danilo, why don't we jump into what we have for the biggest headlines this week. Always great to see. I think a lot of headlines this week are mentioning adoption. And so I know Marcel mentioned that earlier here in the show, but it seems like the wave is coming. So Marcel, we're going to jump into your segment, make sure you're staying tuned here. Marcel's got some good nuggets for us about the markets, what's happening, where we're heading next. So let's go ahead and jump into Marcel's expert segment here.

Okay, guys, thank you, Benton. So you're probably questioning whether the rally will sustain itself. So the answer to that is pro traders are not confident. Unfortunately, they're not confident right now. And I'll show you exactly how bitcoin derivatives are showing that. So firstly, I want to show you guys the bitcoin futures premium, also known as the basis rate. Danilo, can you share my screen please? So the basis rate means that those futures contracts, which settles in two or three months, whenever traders demand more money to withhold the settlement, it means they are bullish on markets. So for example, if the futures premium is below 5%, it means those traders are bearish. Usually those the basis rate should trade between 5 and 12% on regular markets. So as you can see right here, between December and early January, the futures premium was really healthy. At 10%, 7%, 5%. But suddenly, as we got to the late January and the beginning of February, this futures premium went below 5%, meaning those professional traders became bearish. And even though the market rebounded 20, 20, 25 from the lows, the current futures premium stands at 2%, which is the lowest level in seven months. So in a nutshell, futures, futures traders, who usually are market makers in Wales, are still bearish on Bitcoin. But we gotta confirm this data with other markets. So I'm gonna show you right now the skew indicator, which measures the options markets. For example, there are two kind of options. The call option, which is a right to buy Bitcoin at a fixed price, and a put option, which is a right to sell Bitcoin in a future price. So, for example, if I'm afraid, I'm a holder, but I'm afraid that the market's gonna crash, I want to buy a put option. So it's a protective put option. So it gives me protection. If the market goes down, I still have a fixed price to sell my Bitcoins. But whenever those professional traders are overcharging for these protected puts, the skill indicator will go up above 8%. So usually the skew indicator will be between minus 8%, which is positive, but not ultra bullish, to 8%. So the higher it goes, the worse it is. So the more fears in the market. And as you can see, again, by mid February, it skyrocketed to 10%, and it's still trading at 8%, the skew indicator. So it means that options traders fear that the market's gonna crash. So the premium to protect your Bitcoin is higher for the downside mean, means that those professional traders are still kind of bearish. Thank you, Danilo. So, but I like to see this data as a glass half full or a glass half full strategy. Why? Why is that? Because the market has just rebounded from, I don't know, 34,000, 32,000 late January, to the current 43,000. And yet those professional traders are still not neutral to bullish, which means that if the rally continues, if it goes up maybe above $45,000, they will have to cover their assets. They have to buy at whatever price. And that's exactly what Bitcoin needs to a surprise rally up to 50,000. When those professional traders are not expecting a rally. And it's just the case that is happening right now.

A lot of everybody's fearful, be greedy.

When everybody's greedy, be fearful. It's kind of one of those perfect situations.

Exactly. Yeah. They're fearful that another crash is going to happen because how many times we bounced it from lows over the past three months and it didn't confirm it went all the way to 45, $40,000 and down to 32. We've seen that going for three, four months. So people are starting to lose faith and that's exactly what we need. Yeah.

Well, Marcel, I think it's hopeful. The fact that we broke a three month downtrend on the monthly candle we saw closing above 38.5, which was a, for me a huge sign that things may be starting to turn. So looks like there's plenty of momentum left in the market. But again, I think we have to get up above 45 to really get that, that bullish confirmation once again. Right?

Yes. And I think 45 is a critical level to show us that the two previous tries to break that level which failed were incorrect. But this time around, yeah, we have more demand, we have more adoption. Maybe billionaires buying, we still don't know that and maybe we'll never know who's buying here. But there's on chain data showing that the addresses containing 1000 bitcoins or plus are spiking. So large buyers accumulating here, that's for sure and it's a good indicator.

What do you think lies ahead for the markets in the next month? Do you think based on what you're seeing, we could continue to see the surge?

Benton, there's a slight problem here because if the current holders say okay, bitcoin just bounced from 32 to 45,000 so I'm gonna shift to altcoins to get higher returns because it has a higher beta, it's not going to work. The rally tends to be stronger when everybody's buying the same asset. When the new entrance, those billionaires flying from trying to evade evictions and sanctions, buying bitcoin as the whole market who was was already invested but was on tether, was on stable coins or was hedged, they start building positions again. So when everybody's buying the same asset, it's easier to do the single month move to 50,000. But if we see the altcoins rallying first, it's not a good sign.

Interesting take. Well, we definitely appreciate your insights as always, Marcel. Always giving us that good information to be on the lookout for while we are in these, you know, very, very kind of like interesting times. We've been consolidating for a while now. We saw a first pump. What's going to happen next. Who knows? Well, folks, it is that time is the Dow debate time. All right, so we want to hear you chime in, in chat. I'm watching. We got intergalactic Trans Dimension pizza delivery service today. In chat. We got friend of the show, Luciana. I see Brandon in there, Kaltoro is in there. Love having you all tune in. But Sam is going to talk to us today about Monkey Dao. So I'm going to hand it over to Sam. He's going to show us why Monkey Dao could be the DAO of 2022. So, Danila, let's go ahead and run it.

All right, let's put our best foot forward here when it comes to daos with the highest potential for 2022. My pick is going to be with Monkey Dao. Monkey Dao is a curated community of monkeys, thousands of individuals bringing skills and resources together to collaborate and build. Monkey Dao is currently exclusive to owners of the Solana Monkey Business NFT Collection, which is a collection of 5,000 unique monkeys stored on the Solana blockchain. So as you can see with Solana, you know where I'm going with this. According to the Monkey Dao board, this is the best way we can describe Monkey Dao. If solana as an L1 protocol is a digital city, Monkey Dao is a country club or a collection of small businesses within that city. So the goal of MonkeyDAO is to build the premier decentralized community for Web3, bringing value to not only its community, but also to the Solana ecosystem. And we can see that really, with the work that's being done around Solana with respect to Monkeydao and how it's leading Dao development on Solana. Monkeydao has advanced governance frameworks on Solana, basically providing a use case for Dao member contributions, proposals and decision making. It's also launched its own staking pool on Solana Dao Pool, and it's expanded to other platforms such as Orca Sabre and Sunny. More than $10 million has been staked, earning around 7% to support various initiatives being spearheaded by Monkeydao. So you take a look at its contributions to the Dao development on Solana, combined with the fact that it's working on one of the biggest blockchain platforms in the world, leads me to believe that Monkey Dao is a really strong value proposition for 2022 and beyond. And that's it.

Really, really, you know, banging home the point with the Dow there. Jordan, Marcel, do you guys want to jump in here? First and do our cross questioning examination here for Sam.

Ben first. I still don't understand what's the end goal of this and why do we need decentralization for that?

That's a really good question, Marcel. I've been trying to figure that out as well in my research and I couldn't quite pin it down. So, you know, I, I think that it's, it's a community rallying around the monkey NFT ecosystem on Solana. We're still very early days and once I know more information, I'll be sure to let you know.

Okay, so it's basically a meme. A meme but informative of Dao. It's a dodge coin, but using a monkey and using a dao, is that it?

Well, it's part of the. There's an NFT collection called Monkeys on Solana and you actually have to own one to be part of the secret. This Dao initially. So that's kind of what's spearheading it right now.

So it's a meme Dao.

You want to call it that. I'm not going to complain.

You know, hey, it could be a new sector.

So. So it sounds like.

Project. You know, we know Solana, Solana has huge upside. You know, it's a massive community. I know we've seen some, some not so savory things happen on Solana the past few months.

I was gonna say on Solana before. All I've heard is you just on Sol. So it's, it's interesting that you pick a project that's on Salana.

Well, it is what it is now. Right.

Yeah, go ahead. Marcel.

Has, has there been any voting already taking place on, on this D. So what's going on?

Not that I'm aware of. Not that I'm aware of, Marcel. No, it's. We're still very early. Early days. Very early days. But that's why it's so important to pay attention to it now. Right.

Making moves.

Sam's really selling this one.

The community is going to be limited to 5,000 owners of the NFT, no more than that. So initially small, isn't it?

Well, it's exclusive. You know, you say it's small, I say it's exclusive. Right.

How is that going to become the biggest DAO of the year though? I don't understand.

The, the 5,000 is actually initial. Like that's. It's gonna expand beyond that after the, the initial phase, there's plans to expand it beyond the 5,000. So.

I think this cross examination. Yeah, Just wait. I see.

But at least, at least you can eat the pizza. I cannot do anything with the virtual monkey.

I guess that's the value proposition of NFTs. Either you get it or you don't. And Marcel, it seems like you don't get it.

Well, I see Cal Toro chiming in on chat today. Watch my language. I'm sorry if I offend anyone with my, my language. But Sam, you, you know, you stage your case. It arguably was not a very good case, but nonetheless we appre. Appreciate your efforts for today. Moving on to our next segment here I am going to be presenting to you the pizza dow. But first, make sure you chime me in on chat. Drop your Twitter handles. We are going to be selecting one winner to get one month free of Markets Pro today. Don't forget like and subscribe coin, telegraph, YouTube. We're here Tuesdays 12pm market report. We're giving you the goods on Tuesdays so make sure you turn on those notifications so you know when we are live. But first, let's go ahead. Danil, if you wouldn't mind running the intro so that I could give you one of the best DAOs of 2022. Let's run it back. All right folks, that's right, you heard Sam talking about pizza because it's pizza Dao time. This is the Dow that I selected to outperform any other Dow in 2022. This is one most revolutionary daos to hit the market. Arguably one of the most sought after daos after today. This publication to be birthed into existence. This week I picked pizza Dao to outperform the rest. And for those who aren't familiar with pizza dao, they are a global community of artists, creators, pizza lovers and those who believe that pizza should be free and open source. That's a critical point to being in this dao. And so why are they doing this? Pizza they believe is a public good and not to mention the best food ever known on the universe. And they believe there there's a pizza distribution problem, not a pizza scarcity problem. So what are they doing? How does this all work? Well, the dao sells rare digital pizza art in the form of NFTs to raise money to throw global pizza parties. If that is not a cause, you cannot get behind, I don't know what is. So to date they have raised over 1 million for the cause. That's $1 million. And they use these proceeds from the art sales rare pizzas. And they've done this one time where they've raised $300,000 worth of real pizza. And they've donated this to pizzerias so that you could then walk in and get free pizza. That is what I'm talking about. So last year, May 22nd of 2021, they did this for Bitcoin Pizza Day. So what better way to celebrate Bitcoin Pizza Day than to give out free pizza around the globe? So want to dig into this a little bit further? So what is rare pizza NFTs? Well, each rare pizza NFT comes with a random rare pizza box NFT. There's one of 100 designs and this is randomly generated art. And they have a random selection of toppings, 314 unique toppings to say the the least. And once you open up your rare pizza box, it will revere reveal the rare pizza. So these pizzas will be able to be sliced into eight pizzas if you want to share. So you can share these NFTs. Fractional ownership love to see that. So they are revolutionizing the pizza space as we know it. They're signing up more and more locations to get involved with this dao and they're sending funds to these, these pizzerias so that they could issue out free pizza to their communities. And not to mention they're also helping set up infrastructure so that pizza becomes open source. To me, that is the true value prop of all of this. Pizza is my favorite food. I'm a pizza monster. So I love to see this project. I was actually able to meet the founder at Eat Denver, shout out snacks. This is just an awesome project and I love this. And you all should get behind this and vote for today in the poll. I rest my case. Any questions?

Socialism. It's pizza socialism basically. Right? That's it. What's the value proposition?

The value proposition is if you own these NFTs, you can then become part of the ecosystem and help spread this open source software that is pizza.

So you can give your money to give other people pizza. Basically that's the proposition.

It's not just about the pizza, it's about the joy that pizza brings people and that feeling when you just eat a full pizza pie.

Then I don't need a DAO to have a pizza party. I can throw a pizza party literally tomorrow without any of this and it'll be a great success. Great pizza. Any toppings you want. I'm still not really seeing what the value proposition is of open sourcing pizza. I can't believe I've been saying that. What does that even mean?

Open sourcing pizza? What that means is that you're able to, instead of going to get a loan to set up a pizzeria, you go to the sba, get a loan, buy the location, or rent the facility. Like this Dao is eventually going to create all of the infrastructure needed to have open source pizza. So you literally, it's like a Dao running pizzeria franchises around the globe. That to me, is the ultimate evolution of what pizza Dao could be. Go ahead, Marcel, fire away.

Because the big selling point here, Baton, which is missing right now, is Metaverse, because I, I don't see how or why one should hold a pizza NFT if it's not gonna be giving, handing out to friends on Metaverse so they can get this nft, go to their local pizzeria and change for a real edible pizza. So if there's no Metaverse inserted in the project and unfortunately I'm out, I'm stuck with monkeys. Monkeys?

You're sticking with monkeys today, Marcel, over pizza?

That's all you need to know.

You know, it's lacking the Metaverse. It needs a mean of exchange so people can hand out pizzas, do prize contests, games and stuff. So the project, the project is not even half baked. Sorry for that. Bad joke.

Oh, pun intended. So what if you own one of these NFTs and you could walk into any a pizza establishment around the globe eventually and just get free pizza? If you just own this nft, I think that's the ultimate vision and value prop of what pizza dow could be.

The future is metaphors. And if you're out, you're out. Sorry.

So does it out, like collect money and then give it to these pizza places that are giving away free pizzas. So every like. So the DOW is collectively buying everybody pizza, basically.

That's about it exactly. Right now. And this is like the infrastructure phase. So they launched, I believe, in 2021 and this is how they're kind of like kickstarting the program until they onboard way more pizzerias, which they were doing daily at this point to become kind of like part of the ecosystem. So they're, they're funding these pizza parties to kind of like ignite the community and also pairing that with the NFT ownership. Marcel, the last question.

Benton, we have another issue here because the pizza, the bitcoin pizza day is directly linked to bitcoin. And most of the Solana fans or Avalanche fans or whatever, the networks, they're not really keen of giving money to do a bitcoin promotion, as I see. So you're gonna have a problem marketing that out.

I will bring that to Mr. Snacks who is one of the founders of the project. So Snacks, if you're watching today, you know you can, you can chat with Marcel. Thank you all for your questions about Pizza DAO today. I'm going to hand this over now to Jordan. He's going to give us into his dao. But first make sure you're dropping your Twitter handles in the chat. We're going to be selecting one month free subscription of Markets Pro today. You want to put your name in there. It's easy peasy. And if you're saying really good comments, you might even have a leg up where you could win that one month subscription of Markets Pro. So Danilo, let's go ahead and jump into Jordan's DOW segment for today.

World to earn money playing the games that they love Merit Circle currently has about $124 million worth of assets in its treasury composed of lots of precious NFTs and other in game items that are assets that are used to earn income for the organization. So scholars can come in and take items out of the treasury, use them in the game to play and earn some money and then they get to keep 70 and 30 of the winnings that are generated from items that come from Merit Circle. Go back to the Merit Circle treasury to help build up the ecosystem. It also offers educational content and one on one coaching sessions to the scholars to help them improve their performance. So it's all really centered around Play to Earn and helping people earn more money to play to earn and help the whole organization earn money playing Doing with Play to Earn. Merit Circle token holders can currently stake their MC on the network for an APR of 107.57% while liquidity providers that pair Merit Circle with ethereum can earn 471.5% for sticking their liquidity tokens on the network. Token holders get to participate in governance votes for the project to help decide the future development. The Merit circle currently supports 20 different popular games including Axiomfinity, Vulcan Verse and Citize Heroes and its plans to incorporate games from all blockchain networks like Planet Mojo on Polygon and Star Atlas on Solana. So that gets that takes care of your monkey Dow on Salon, right? And then so the gaming sector is popular in worldwide and in the integration of P2E play to earn ensures that blockchain gaming will remain popular for a long time. That makes a DAO focus on P2E gaming a good long term hodgle. In my Opinion as well as a fast mover once the next market rally really gets going.

Very interesting. Who wants to jump in here first? I see Marcel chomping at the bit.

So it's a competitor to ygg, right? The other dial that does the same thing. Is that it?

As far as I understand, yeah, it's the same as a competitor to similar kind of platform to ygg YU games.

Well, it sounds like MAR has Marcel's vote if it's in the metaverse.

No, it's still not on the.

Go ahead, Marcel.

It invests in assets that are on the metaverse. But I bet that the married Circle DS don't have a metaverse of their own. A building where they can chat and play and I do whatever things they do. I bet that's could be in the future man.

Future plans building up bigger again. $424 million in the treasury already. Still a long way to go. They've already. They've earned $2 million I believe already for the treasury.

So how exactly is that. Is that voting take taking place? So how do I know that I'm not going to be rook P?

You can stake your tokens on the network and then you can vote for whether they want to add new games, what other kind of things that they want us to buy certain assets within a certain game and stuff like that. All the members of the community get to vote on those types of decisions to help the overall dao, the decentralized autonomous organization that has purposeful voting help it advance.

So what? Helping advance simply means adding more games to the ecosystem.

That's and items and other things like that. There's a lot more than just gain that. But yeah.

What. What chain are they? Are they agnostic or what?

I believe it's on Ethereum. Actually I'm blinking on that answer right now. But I have to. I have to look into that better. I think it's on Ethereum.

Ethereum. We all know how we feel about that. Yeah. Okay. All right. So what is the ultimate value prop? Why should I, if I am not a gamer, why should I want to become part of Merit Dow or Merits?

Oh, I see it on. I see it on Pancake Swap. That means it's also on bsc.

But yes.

Why? Because, okay, if you're not a gamer, it's. It's a great thing to get involved with because you don't have to play the game to earn money. You just have to hold a token. Oh and get you can. It's a side play for people that don't want to play gamers or to a. It's a. It's a straight up play for people that are really into gaming and want to get really involved in the play to earn ecosystem. Like if you. If you're a well diversified investor and this is not investment advice. This is my opinion. If you're well diversified especially in the blockchain space. Blockchain gaming is one of the sectors you're going to want to have access or at least a little bit of exposure to. And merit Circle provides a really great opportunity instead of any one individual game like an axie Infinity that could go up and then maybe lose its like ability to keep earning because they had problems with their SLP mechanism and stuff like that and they already had to change up the thing. So instead of just focusing on one game and investing money in that you get to focus on a lot of the popular games that a game a community of gamers select from.

So it's almost like an index fund for. For blockchain games.

I guess you could kind of make that comparison. Even though you're yeah. Interesting you're not really taking value of those games and improving the value of your fun but it's the more the activity and stuff on those games.

Very interesting. Okay. I believe Marriage Circle has a value prop. Sam, Marcel, do you guys have any other for questions for Jordan?

No, I'm done. I heard all I need to hear.

Go ahead Marcel.

No Sam, Jordan still has to answer. How do we know that those announce the people who are behind the scenes are not going to get those NFTs and Ripple? Has the smart contract been audited? Is it open source? Does anyone hold more than 20% of the voting on the DAO? How do we get protected from that?

Well I haven't done that deep of a dive into it. I'm sure if you really want to find out that information you can go ahead and jump in if this is something you're considering there Marcel.

Marcel's looking to make moves today right after.

No, check it out. Pretty well known like I think Pintoshi on your Twitter. I know a lot of people know that guy. He's a. He's going to be working as I think for marketing on this project. So it's not like there's all like no known knowns backing or helping the project. It's a pretty legit project again already $124 million in assets under management. They haven't been rug pulled from the community. $2 million that the community has earned aside from what players earn $2 million earned for the treasury by gameplay from assets in the treasury. So I think it's got a long term proposition and I really like gaming sector. So.

I was gonna say Jordan's always dropping, dropping that alpha. I gotta say, I gotta say even off show and in the telegram chats he's always got the goods folks. So I think Jordan made an excellent case for Mayor Circle today. And out of the daos we're going to let the audience decide. Marcel, what do you got?

I want to add a meme here. The guy holding the thing saying it's not much but it's honest work. So thank you.

Good selection of meme choice there Marcel. All right, that's going to do it for our dao debate today. So I think Adrian, are we going to drop the poll now? I think the poll is going to go live. If you're a big fan of any of these, make sure you're voting but more importantly make sure you're voting for pizza Dao. Let's be real folks. And so go ahead and like and subscribe. Cointelegraph, YouTube. We're here Tuesdays 12pm make sure you are turning on those notifications and drop your Twitter handle in chat because we're going to be selecting that one month free subscription of Markets Pro which brings up the Markets Pro segment today. Y' all want to know what two coins we're watching this week based on the Vortex Store and the News quake, you're going to find out. So Danil, let's jump into our Markets Pro segment for this week. All right folks, first token that we had on our radar was Sandbox. And so if you aren't familiar, news is what moves the crypto market and Newsquake service brought to you by CT Markets Pro helps traders stay on top of important developments. So newsquakes are automated alerts that instantly notify users when market moving events happen. This week you see on this chart we had a 13 gain. So what happened? Sandbox saw some serious upside pressure on the news of the platform's partnership with a South Korean entertainment company, SM Brand Marketing Wowzers sand which trading at 274 when the announcement dropped. But soon the price trend picked up. Steam and within a day price reached about $3 and 12 cents. And so we see on the chart there, bottom left hand red circle, that's where the price line was at. We saw that news quake and then it jumped 13%. That is the power of Markets Pro. You're able to get this in the platform and look at this very easily. And so the second token, let's roll into where's all my lunatics at? This is Terra Luna, folks. And this week we're going to dive into the vortex source. So our coins vortex score is a comparison between it says its current market and social conditions and those in the past. And so high score of 80 and above is considered confidently bullish. And conversely, a vortex store between or below 30 indicates historically bearish conditions. So on this week we saw that Vortex score of 81, one of this week's most successful assets. Luna had spent much of this week in the green vortex zone between 75 and 81. Now, some 35 hours after the peak of the score 81, Luna's price spiked from 5231 all the way up to 6719 and continued to rise over the weekend. That is huge. And if you're able to spot these inside the platform, you're able to act decisively, which is what Markets Pro allows you to do. And so don't forget, drop your Twitter handle. And if you want to have a chance at using this platform, we're going to give you that chance because we're giving away that one month subscription today. Looks like our poll is going, we have, I want to point out pizza doubt. Looks like it's in the lead 39%. Where's all my pizza knots at? Get out there and vote. All right guys, so we're always waiting for this poll to close today. Any closing thoughts about takes on the market? Dows on the market. What do we think about what happened today here on the show? Don't all jump.

I don't have much to add on the Dow front. I think I'm all dowed out at point this, this point. But I think I, I've liked what I'm seeing with the market as you know. You know this crypto industry is a roller coaster and we keep reiterating the importance of having a long term view on, on being an investor in this space. But it seems like now the tide is starting to turn. It's going to start to reward a lot of these long term hodlers who've endured a really, really brutal three month downtrend in the market. So hopefully we're starting to see the market flip positive. But there's still a lot of uncertainty over the next few weeks. So I would just hodl and keep the long term view.

Very good, Marcel. Jordan.

I'm impressed, Benton. I think markets, the participants and everyone I talk, even you guys are not excited enough about what's happening with crypto right now. Decoupling from traditional markets and hacking much more. The day that Peter Schiff said that bitcoin did not work as a store of value because gold was going up and bitcoin was going down and right after he said that the markets reversed was for me the pit of me of what's about to happen. Those old guys and the people who don't understand bitcoin and crypto will see IT rally into 70,0001-400002-00000. While the S and P and traditional markets go sideways or down, it will take time for them to understand and that's a perfect opportunity for you to be buying and stacking sets.

Exactly. Jordan.

Yeah, the long term outlook for crypto hasn't changed for me at all one bit. If you. Unless again, unless the Internet, the worldwide electrical grid rolls down, the Internet ain't going away and neither is cryptocurrencies. So buy and hold long term. Don't jump into this game expecting to get rich within a month or even just one year because that's gonna, you're gonna lose your stack, you're gonna lose all your money and be like just find legit projects. Even if it's a pizza dow or a merit circle or even a monkey dow if you really like the project accumulate slowly over time and just don't look at the day to day movements like this. Enjoy the show. Realize like in five years you're going to be wealthy. Just patience people, patience.

Yeah, brings up a great point. And by the way, I think I saw a headline on Cointelegraph that there was like an AI bot that aggregated data from like 2011 till date and said that the best trading strategy is to just buy and hold. And so that ultimately has benefited the most amount of people. So that is my last 2 cents. I see our poll is closing. So real quick I'm going to hand it over to Marcel. But first, folks, Pizza Dow came in hot, 55% of the votes today. Pizza Dao was the winner of the Dow debate. So thank you for all the pizza fans that tuned in today. Marcel, what'd you got?

Benjamin? I just want to complete what Jordan said. If I told you guys a year ago, invest a thousand dollars in Shiba Inu. It's a meme coin. It doesn't do anything, it doesn't have its own blockchain, whatever, but it's going up because it's a good meme. No one would have invest. But so sometimes you got to be there and do the jump and close your eyes and do if not a thousand dollars, if you can do a hundred dollars, do it. But select a project, pick a few of them and invest and wait one year.

There you go. And so we got to pick our winner for today, the one month free of Markets Pro. I'm looking in chat. I don't see many folks chiming in with their Twitter handle today. We're going to do a shotgun pick here. So first person to drop their Twitter handle in will likely win the Markets Pro subscription for today. So you have about 15 seconds to do so. I know there's a little bit of lag time here, but we're going to be selecting that winner for the Markets Pro subscription today. Oh, we had someone replying in how 1337 it is. Do we feel good about that? Potential winner for today, guys. Okay, how 1337 it is. You are our Markets Pro winner for today. You're going to get that one month free subscription. We're going to shoot you a DM via Cointelegraph's Twitter account. We appreciate everyone for tuning in. If you haven't liked subscribe, go ahead and do it. We're here Tuesdays, folks. Next week we're going to be bringing you a different topic that we're going to debate and bring you that alpha you can't find anywhere else on the Internet. We appreciate everybody tuning in today and until next time, we will see you. This has been the Market Report.

Sa. It.