 What was your last said news? My name is Rob and today just like the thumbnail and title suggests there's a pretty good reason for why this rally has Sustainability and really this was a question that was asked this morning for the NFA live show That's me right there. It's been from another cryptiverse and a guy from coin bureau We talked about how the rally kind of snuck up on us and has been doing pretty good And it's been pretty sustainable thus far I mean, I mean the market caps over a trillion bitcoins up 2% 24 hours 12% for the day or for a week Ethereum 3% and so on far down down the road and Really, there's a lot of different factors that played into it, but I think one of the biggest ones is Addresses by time held and what I'm talking about. This is a metric over into the block links in the description You can check us out for yourself and we can just see that there's three different Criteria here one is called hodlers or people who have Bitcoin in a specific wall for a year plus That could be a year plus a month or two years or three years But or anything over a year Cruises one 12 month and traders of course just less than a month because they're just in and out, right? Depending on the trader, of course So if I take a look at this and of course this black line is the Bitcoin price We can see that right now. We're at a pretty high level for one year plus holders That's 34.75 million addresses cruisers or 10 million addresses or one in 12 months and Traders are 2.65 and if we take a look at this and do what I say is when in doubt zoom out And we're gonna really get a good picture of this We're gonna see that the blue line which is holders back in 2016 It's only three million as as opposed to cruisers are one of 12 months They had over four million so there was more people who had Bitcoin for one of 12 months or less Then we had for the holders of one year plus now fast forward to 2020 You had almost 20 million addresses for one year plus one of 12 months at 7.5 and traders 2.65 and today you can see there's a very sharp uptick of The people who are holding on to Bitcoin 34 like I said 34 million addresses and what it comes down to is if we take a look at Holders composition by time held What we just looked at is the highest I've ever seen it 73% of people are holding on for a year or more and then 22% 112 and less than a month is six six percent So what does that mean? That means like people like you who are watching this video who are here in this brutal bear market who have gone through essential as exchange failures the voyage of the Celsius the BlockFi The FTX who've done with countless rug pulls and the different projects that just collapsed just still here I think the people right now are just like I don't really care I don't care what's going on I don't care the different problems with the different greed and different problems that we have in the crypto space I think I know where things are going I'm going to hold on this for a while and that is part of the reason why we're having such a nice little rally Anyhow, let me make you think about that in the comment section But I will say on the flip side of that same coin This is one of the reasons why we're having problems and I call it a big-time problem this was an article that was first featured on fortune and That's the game big-time and I've heard about this about how great it's gonna be and it looks awesome It looks like a pretty good graphically intense NFT based game and There's gonna be a problem So just to give you a little history big-time the game itself. It raised 10.3 million dollars from crypto investors Enjoyed a successful test launch and pulled in millions of profits. Sounds great Unfortunately There's this thing called contagion There was filings from a bankrupt Genesis reveal Genesis in Thomas quite some time That is one of the four subsidiaries of digital currency group other ones being coin desk, which is up for sale right now Also, you've got grayscale Bitcoin trust and one of the largest or the largest Bitcoin mining operations on the planet foundry But Genesis the chapter 11 Documentation revealed that big-time The game plowed a large chunk of its capital not into growth Which what they should have done but into the high-risk crypto lender in hopes of making rewards of 5% Can you imagine you're trying to get you're taking 20 million dollars like that sounds pretty good but I can get 5% annually and That shouldn't be too much for risk and now it's just locked So that's what's happening Anyhow 20 million dollars now frozen making one of Genesis top creditors That's not something you want to be a top of or the top place This is a reckless gamble that could impale the future of the company and maybe this will delay or Ultimately stop the development of big-time. I'm not for sure. I haven't talked to those guys But it's not good when you have all your operating funds stuck in a chapter 11 company and to give you some background Erie my litch nailed it began developing Decentraland I think we all know the Decentraland play with Esteban or Daniel in 2015 and then this is some information. I'll link the description. You can read it I almost fell asleep, but this part's the good stuff. So big-times founder Was not alone among his essential and peers and trusting Genesis with their money. So again 20 million dollars Co-founder or Daniel had 25 million on Genesis through a Panamanian company called wine and securities Hopefully they get that back and current essential and CFO esponda had over 55 million on Genesis through a different company called Heliva International Corporation and that all that money's gonna be tied up. So hopefully those two companies which I don't know what they do Can stay afloat and this is where it's interesting Decentraland foundation the nonprofit oversees the metaverse platform revealed last week that it all Also had a credit against Genesis of almost eight million dollars So I don't they're gonna see that DCG group also happened to be an investor as well as one of the biggest owners of Virtual land so they're gonna have the virtual land, but everything else is might just be wiped away With the circular flow funding the choice name for Decentraland's central square What is going to be Genesis Plaza? I think they'll change that name after this So again, we've been talking about contagion for quite some time. Will this be a big issue and collapse the market? No, probably won't probably just be another blip on the radar But the question that I have is how much contagion is going to happen How far do we go down and this is just one more company? And if there's big companies like we talked about NFA, I think we're gonna see more problems But who knows what it could be and let me know what you think about that in the comment section But there is some we'll finish up on some pretty good news, which I find fascinating, which is this Polygon just overtook Ethereum and daily active users and you can see right here that's a daily active users So look at that near protocol 83,000 Solana on 36,000 good for them Ethereum 3 and 20,000 polygon 3 and 40,000 and BNB chain 800,000 and I find it interesting That if we take a look at the chains that actually are doing something have utility people are using Okay, so this is if you take a look at the one month or the three month in the six month. I just pull this together Bitcoin is up 36% for the month Over three months. It's up 10% six months down 4% and over a year It's not even more than that because you know brutal bear market, right, but not too bad ETH is up 32% down negative 2 and negative 7. All right, but look at BNB, which we just saw was the highest Plus 25% for the one month. It's down 1% percent per third, but it's still up 9% over six months Which is pretty good quite honestly XRP people using that plus 11% for six months doge plus 22% But look at Polygon again plus 24% Plus 5% and plus 5 one of the few I Think if not the only which is just up over six months. So again pay attention To the crypto projects that are building in the bear Because they will crush it in the bull and that's it for today So look like today's video give it a thumbs up consider subscribing. Why don't you talk about our time sensitive? I'm gonna link that video for the NFA live That's the one with me Ben and guy from coin Bureau and in the crypto verse and a lot of good discussions about what's happening and Things that are going on. So as it for today, thanks so much for stopping by do appreciate it And I'll see you on the next one