 Hello, friends, and welcome back to another episode of The Market Report here on Cointelegraph. I am your host, Benton, and we are joined again by our resident experts, Jordan Finneseth, Marcel Peckman in San Borges. Jordan uses his background in psychology and human behavior to spot the emerging trends in the crypto market. San Borges is a business editor at Cointelegraph 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. Fellas, what's going on this week? Bitcoin had a nice little pump. What's up? How are we feeling? Finally, finally out of the woods after three months, but it's good to be back to $47,000, $48,000. I still have my doubts about the altcoins if they're going to sustain this rally or not, because it seems like even the altcoins themselves are buying Bitcoin, so it's good for me, but I don't know about the altcoins markets. Yeah, I'm happy to see prices moving so high again. I'm getting close to that. I need to take some profits, because I don't know. There's a lot of things going on in the world that might make this rally go, meh, so we'll see how it goes, but I'm excited as it is right now. Yeah, let them send it a little bit more before we take some profits. You know, I was expecting a counter-trend move at some point in the spring, given the absolutely brutal three months that we've had. So right now, my bias is still that it's a counter-trend move, but we'll see whether it can be sustained up into the 50s. So exciting, but cautiously optimistic right now. I was going to say, I think I'm still kind of in a state of disbelief. We've just got so programmed at seeing red candles. It's been nice to see a change in the tide, so to speak. So we'll see what happens to the play out. I know Marcel is going to be giving us some of his insights into some of the on-chain metrics that should give you a better look of what actually is going on. Today we are going to be talking about the best tokens to buy under $3. So we're going to be giving you our picks. This is not financial advice, so I want to remind our audience today. These are the expressed personal opinions of each individual panelist. Make sure you are doing your own research and looking into these projects that we are talking about here today. Super excited to give you the market rundown for this week as well, some big headlines that we're going to be talking about this week. And if you haven't liked and subscribed, go ahead and do so now. We're on Coin Telegraph on YouTube, 12 p.m. Eastern every Tuesday. We're going to be giving away that one-month subscription of Markets Pro, $100 value. So make sure you drop in that Twitter handle in the chat today because we are going to be selecting that winner at the end of the show. I want to thank everybody for tuning in from around the globe. Shout us out. Where are you tuning in from? We appreciate you stopping by today on the Market Report. We're super excited to jump into stuff today because we got some hot picks that could potentially be riding this market wave with the altcoin tides that hopefully follow the Bitcoin trends that we've seen over the last couple of days. So first things first, let's go ahead and get into our market recap for this week about what's been happening in the Twitter sphere with some of the biggest headlines to know. Take us away. Folks, we had CZ meet with the president of El Salvador this week. That's why I thought it was the most interesting headline that I saw this week. What does that mean? Who knows? Marcel is going to be giving us some of the latest insights on Bitcoin and Ethereum trading this week. So I'm going to let him dive into some on-chain metrics that he's seeing and what that could be potentially telling us for what you should be looking out for for Bitcoin and Ethereum this week. Danilo, let's hand this over to Marcel to get into his expert segment for this week. Sure, it pumped 18% of the past nine days, but shouldn't investors be worried about Ethereum right now because it's highly dependent on Bitcoin price as it seems. We see Bitcoin pumps on the same day or the next hours, Ethereum pumps again and if Bitcoin somehow goes down 10%, 20%, what's going to happen with Ethereum? So firstly, we need to analyze how ether, the Ethereum, has been trading in BTC terms. Danilo, can you share my screen, please? Because it's important to see how both cryptos are relating themselves. And it seems that Ethereum rallied over the past 10, 15 days in BTC terms, which is true, but it's just back to the 200 day moving average, which is the green line over here. So more important or more relevant than the fact that Ethereum outperformed Bitcoin, it is the fact that we returned to the mean. It's back to the 200 day moving average. So there was no significant pump of Ethereum priced in Bitcoin. Thank you, Danilo. But we have a big question here. Are traders getting excited about Ethereum 2.0, so migrating out of proof of work and to proof of stake? Or is the recent move simply reflecting a better overall move caused by Bitcoin breaking over above $47,000? So to analyze that, I'd like to start with the Bitcoin futures premium, also known as the basis, sorry, the Ether futures premium, also known as the basis rate. For example, if we trade the June contract Ethereum futures, our money will be held until the liquidation date. So for three months, we won't see that money again. So traders, when they sell those Ether futures, they require more money. They demand more money to trade it. And this premium is what we use to measure if traders are bullish or bearish. So a standard premium, a neutral premium, would be between 5% and 10% analyzed because that's the same rate that this trader is going to get if he deposits stable coins on an exchange or a DeFi application. The needle can share my screen, please. So if the Ethereum futures is trading, the premium is below 5% means those traders are bearish, which was the case during February. As you can see here, an earlier March, the Ether premium was below 5% indicating bearishness. But on March 25, this all changed. The futures premium went to 5%, now at 6%. So it's still nowhere near bullishness, the 5% to 10% rate that I mentioned. But at least it's not bearish anymore. So thank you, Danilo. So wait, so Marcel, go ahead. Hello. Shoot. I mean, so you're saying that ETH traders remain neutral to bearish according to these derivatives information? Yeah, Benton, but that's just one metric. Remember, Ethereum is down 9% year to date, and it's still 28% below its all-time high. So yeah, there's one metric pointing to some bearishness on Ethereum, but that's not a holy grail. We need to double check with other instruments. For instance, we can check the margin landing ratio. So unlike futures markets, one must either borrow, tether, a stable coin, so you can use that money to buy Ethereum, or you can do the opposite. You can borrow Ethereum and short it on the market. So it's different from the futures markets. It's called margin landing markets. So Danilo, can you share my screen, please? Whenever those traders want to bet on the price upside, they're going to borrow tether, stable coin, and use the money to buy Ether. So this ratio will go up, as you can see, it reached 12, 12, 14 on mid-March. But over the past 14 days, the ratio has gone down to 3.2. So yes, traders are still demanding, are still demanding more stable coins to buy Ethereum, but not as they were bullish two weeks ago. So we have a second metric showing us that those professional traders trading futures, trading margins, are not so excited about the price recovery. Do you think a lot of that hype was driven by the whole merge thing on clean or killing or whatever it is, and people thinking that Ethereum is going to merge and solve all the problems? Yes and no. So it's a good question. We have part of the investors believing that Ethereum 2.0, so the merge will solve every problem, but we know that that's not going to happen, at least not in a month, because those smart contracts and applications still need to migrate from the old chain to the new one, the Bitcoin chain, and use those sharding processes. So it's not something that's going to happen instantly, it's going to take a couple of years, but some of the excitement could have been simply because of the merge expectation, which won't happen over the next two or three months. And who's to say it's going to go ahead as planned, we've got so many delays already. It's interesting how that narrative has played out. People are getting Uber bullish on Ethereum and they're calling it deflationary. I wouldn't go that far. Being able to change a protocol at whim doesn't necessarily lead to calling it deflationary in the same sense that Bitcoin is deflationary. So deflationary is about a monetary policy, it's a form of policy that is implemented. So I'm just kind of telling people just to kind of hold off on the over-exuberance, but overall I think Ethereum does have a lot of use cases and people are really excited about that. So we'll see how it goes. Yes and you have a great point here. So this is important for us to stress out. Being deflationary is not what makes a hard currency, a hard asset. If Bitcoin changed its monetary policy every two months, there's a group of elderlies of people with 80 years old or over gathering every couple of months and deciding, well, the basic interest rate on Bitcoin is going to be 2%. Now we're going to increase 50 basis points or whatever. That's not what people want. People want a system that's been determined by mathematics which cannot be changed by a person or a group. So Ethereum over the past five years changed their monetary policy five or more times. So that's not what people are looking. So being deflationary is good, yes, but that's not what's going to solve all of Ethereum problems. Sorry, Benton. Yeah. So I did have a question regarding like the margin lending ratio. Is there like a price level that would get people excited, especially in those like margin lending areas? Or does one dictate the other? Like how do those kind of two go like hand in hand regarding like ETH price versus like margin lending ratio? Okay. So Benton, remember that margin lending markets are not designed for retail traders. More experienced market makers and whales are the ones that use it the most. And they use it to leverage not after Ethereum has rallied from $2.5,000 to $4,000, then go crazy and leverage and margin by that. They do that exactly opposite. They wait for moments when the market goes wild and there's a 20% or 30% increase in a week and they use leverage to buy Ethereum when the price is going down. So it's a different trend from the futures trading or especially the perpetual contract, which is mostly used by retail traders. So I don't think there's a specific price they're going to get in. But if the market collapses 20, 30% without a reason, you can sure they're going to use leverage to buy it. Makes sense. Jordan or Sam, do you guys have any other questions from Marcel today? No, I got what I wanted out of the way. I'm just glad that we were to talk about monetary policy. And when we talk about also just when I say monetary policy, I know Bitcoin doesn't have a quote unquote monetary policy. It's just a general phrase to refer to the issuance of new tokens in that process. So just for clarity, everyone, I don't want my Twitter feed to be flooded with Bitcoin doesn't have monetary policy. I know it doesn't. I'm using the term very broadly. Sam's been notoriously getting hammered in the comments. So don't please, please, folks, stay away. Thank you, Marcel, for sharing your insights. The only other insight would just be like, don't get too like I know what's going to happen in the future because there's so many things going on in the world right now. Nobody knows what's going to happen in the next few months with this market or the world stage. So everything we're taking, this is just our opinions, a good insight into the market, but nobody knows what's going to happen. So it's all like a wait and see game for all of us kind of thing. Exactly. And so I want to shout out to the audience real quick. I see people tuning in from the Middle East, Hungary, America, all over the globe. We appreciate you all tuning in today. Don't forget to drop your Twitter handle in the chat to win that one month subscription of Markets Pro. We're going to be selecting that winner at the end of the show. But next up, we have Sam. He's going to give us his two picks for this week. He's going to talk to us a little about one inch and engine token and why you should be putting these two tokens on your radar for one of the best altcoins to get into under $3. So Sam, why don't you go ahead and take us away? Danilo, run it back. Wonderful. So this is a really exciting topic for me. Obviously, when we talk about coins under $3, that's a vast selection base. I wanted to kind of stay away from the microcaps and just focus on some of the blue chips that could be had from the $3. So my choices this week were one inch and engine coin. And I'll begin with one inch and what makes it so compelling. So if you're not familiar with the project, one inch is a DEX aggregator, a decentralized exchange aggregator and automated market maker that's improving DeFi orders and executions. So the DEX aspect is an algorithm that searches over 150 liquidity sources to find the best paths for your orders. It searches across Ethereum, Binance Smart Chain, Polygon, Avalanche, Arbitrum, et cetera, to find the best path for execution. It makes the most efficient trade possible based on the price, liquidity, slippage, et cetera. So that's the DEX aspect of one inch and what makes it so compelling. The automated market maker aspect, it operates very much like Uniswap, but only with improved efficiency. Also, one inch recently launched a PDP order functionality that enables swaps between individuals, including for NFTs. And the one inch token, it's interesting because it's not necessarily a utility token, it's more of a governance token. It's used to vote on protocol parameters under a down model. So the value comes from voting rights for the one inch token. The more users that wanna influence the network's governance, the more they will hold one inch. And obviously if you're an investor, you can seek access to one inch and hold it through various exchanges if you wanna bet on the growth, the ecosystem and adoption. So that for me is one inch and what makes that project so compelling. The second project that I went with is one that I've been following for a long time now. It's Engine Coin. Engine, you can consider it to be the plumbing of the metaverse and the gaming sector within blockchain. It helps projects get off the ground without requiring any technical knowledge of how blockchain technology works. You can monetize the blockchain and gamify the blockchain without any of the technical requirements. The primary focus through its platform as a service model is focused on the gaming sector, helping projects tokenize assets, digital assets and other virtual goods, including NFTs. Engine also has a massive community. The community right now in terms of users on its boards, on its forum has over 21 million. The Engine network itself is a social gaming platform that allows users to create websites and clans. So these features essentially make ENJ, ENJN's native token backed by virtual assets. It's a store of value backed by digital assets or virtual assets. So for me, what also makes ENJN so compelling is that it recently launched a $100 million growth fund for the metaverse ecosystem. So you can see how it's expanding beyond just gamify and into the metaverse. And obviously those two sectors interact quite a bit. We know that blockchain gaming is the next big thing. So if you're betting on major themes in blockchain, I think that gaming is one of them. NFT games generated 3.2 billion in Q3 of 2021 and crypto wallows dedicated to the gaming ecosystem for from 29,000, the start of 2021 all the way to 754,000 in Q3. So decent tokenomics and really promising project in terms of future potential. So ENJN and one inch are my choices this week. Very good. Marcel, I see you have a question. Do you want to jump in here first? No, first I want to clarify. He said that the project had 21 million users on the forum or whatever. Is that it? Is that the number? That's the number on the official forum, yeah. Seems high. OK, so just one thing to, I want to firstly express that I love the DEX aggregator idea. And I think that one inch has state of the art technology. It works. It has code. It serves a function. I love one inch. But I do have a problem with governance tokens. So if there's no direct dividend, there's no payout for the holder, what's the value here? What's the value proposition of a governance token? Yeah, I think governance tokens are obviously intended for those who use the protocol. I know that for ENJN what they can do is you can provide liquidity. And in exchange for that you actually earn rewards in the one inch token. But obviously as a governance token, it does have a different scope than your general utility token. So one way to earn reward is through that liquidity process. But and also if you're an investor and you want to have exposure to the potential for the protocol, you can hold the token outright as an investor. But yeah, that's one limitation in terms of the fact that it's geared towards the governance side, which might not appeal to a lot of users, right? Yeah, I like the picks. I think ENJN is definitely a solid pick in the game. Again, one inch, I actually held it at one point. I actually sold my one inch because it was just kind of floundering in. Just ever since the whole DeFi blow off early last year, it's kind of like, what is really drawing people to hold these exchange tokens or the DeX tokens? Like I haven't really seen the motivation there, especially I think one inch actually switched a little bit to closed source because they're tired of having people just copy their code and implementing the same things that they worked on. So I don't know what can help any of these Dexes really stand out from the others, attract a whole bunch of people and bring in fees for their communities because otherwise I don't see the whole, like the real benefit of holding a lot of these exchange token. Yeah, I think the broader DeFi ecosystem has really slowed in recent months. I firmly believe that the DeFi sector in general is gonna be ramping up again. And I think having something like one inch, having at least one exposure to one or two really high profile DeX aggregators is potentially a good long-term play. I still consider it to be fairly undervalued. So if you're looking for the biggest bang for your buck, one inch might not be that right now, but I think it's doing a lot of the work behind the scenes. And I've liked what I've seen in terms of the growth, in terms of the chains that are supported, the liquidity pools, et cetera. For me, it seems like a solid pick if you're expecting the overall DeFi sector to really gain traction again. So Sam, I guess my one question is, the DeX aggregator space, in spite of inside of like the DeFi space, it seemed to kind of rapidly expand over the last year. So you have the sushi swaps, you have DYDX, Kyber, et cetera, et cetera. What do you feel like really separates one inch from a lot of these other DeX aggregators? For me, the expansion of the liquidity sources, if you take a look at the chains that it supports, for me, the growth has been consistent over time. I think the community has been consistently growing over time. I think the governance token provides more incentive for community members to actually want to participate in the ecosystem. So for me, seeing it grow to over 150 liquidity sources, for example, something that I found to be quite beneficial. The name also stands out. It has a strong community. So for me, are you betting on one against the other or do you expect all of them to, all of actually the blue chips to rise during the next wave of DeFi? I think that's probably gonna be the case. Whether something like one inch is the leader of the pack, I'm not quite sure, but for under three bucks, I think it's probably one of the more compelling options. Fair point. I see some folks chime in on chat asking, what about Apecoin? Well, folks, I think Apecoin was trading at $14 the last time I checked. So that was out of the selections this week for under $3. Let's see, Jordan, Marcel, do you guys have any other questions for Sam here? We got 30 seconds left. I'm just interesting to see like how this whole governance thing does, because like even myself, like if you hold over 10 or 20 coins, like trying to keep up with the governance on five of them is a pain. So I understand like, I think we're gonna go through this like boom and bust of the dows because everybody's like, we ain't got time for all this, we got life to live. So I do agree that it's a movement, but maybe one inch will be one of those factors. Maybe you have a life to live, maybe you do, but I'm all about crypto, baby. That's it, this is the pinnacle, this is the peak. You live your life, right? It just, Sam just spends his day voting with all his governance tokens. Great picks for this week, Sam. 20.9 million users apparently on the engine forums. So if you go to the message board, so that's pretty buzzing community, you know? Good picks for this week, Sam. Gotta say I love one inch big fan of the product. I just don't know about the token. That's my one thing. I like engine though, gaming space seems to be thriving. So good picks for this week. Don't forget, we're gonna be voting at the end of the show so that you can have your voice heard of who you think had the best picks for this week. And if you like their tokens, appreciate you all tuning in. Don't forget to drop your Twitter handle in the chat today. We're gonna be selecting that one month free subscription at the end of the show. Next though, I'm gonna go ahead and give you my picks for this week, these two hidden gems. You don't wanna miss. I'm gonna get you these two just shortly. Danilo, we wanna go ahead and jump into my segment this week. No, Sam. All right, folks, it's that time of week. I'm giving you my two hidden gems that I feel like you should be researching. So this week, my first one is SuperFarm. For those who aren't familiar with SuperFarm, it's a cross chain, DeFi protocol built to facilitate the launching of new NFTs without any kind of programming. So what does this mean? Well, this means projects can deploy a farm with its own rules. So examples include, users can create their own NFTs, they can farm coins for NFTs and they can create ERC20 tokens that bind to NFTs in video game items. Pretty cool for me. So in a nutshell, it is a comprehensive NFT marketplace. The token of the platform is called Super. This is the governance token. It can be used for fees, staking and NFT drops. So for me, it has kind of that trifecta effect. It's not just a governance token. You can also stake it for fees. You can also hold it and earn NFTs by having the governance token. So for me, that's what makes me optimistic about this. But also behind the scenes here, funding was also led by Bitcoin.com, Spark Digital Capital, Solidity Ventures and Anamoka Brands. I'm looking for projects that have the Anamoka Brands funding behind it because I'm a big believer of this. And for me, SuperFarms is meeting the intersection of NFT and gaming. And that's a big intersection that I think is gonna take off over the next year. So for me, if you're looking for something to get in under $3, take a look at SuperFarm. My next pick for this week, the hidden gem of all gems, Nitro Network trading under the ticker NCASH. What is Nitro Network? It is a layer zero for the decentralized internet. For those familiar with the Helium project, they are trying to accomplish the same thing, but going about it very differently. One of the biggest challenges with Helium is that their model is diluting the user's reward. So if you're in one of those hexagons creating the network, there could be 20 different users also with their miners. With Nitro Network, they're trying to create that decentralized infrastructure, but they're going to be optimizing the network so that end users receive a much higher reward rate. And so how are they gonna accomplish that? They're gonna be issuing out NFTs where you can hold these, which represent the form of an actual miner and earn crypto mining rewards. So as I mentioned earlier, I'm a big fan of NFTs gaming. And if you can hold an NFT and earns you crypto mining rewards, that for me offers potential upside. So for me, this is a project that just moved from Ethereum over to the Avax chain. I'm a huge fan of anything on Avax right now. So for those looking for a hidden gem with tons of upside, I might recommend you take a look at NCASH and see what's under the hood. Okay. Cheers fellas. I can start with a question if you're free to answer. Well, first, I need to say that I'm not familiar with SuperFarm, but if there's a need for creating a new marketplace of NFT or whatever, I don't think it's gonna grow because apart from OpenSea and MagicEden, the order platforms have 95% less users than OpenSea and MagicEden. So how do you think that SuperFarm can achieve that needing to create a new marketplace? Yeah, that's a great question. And I agree 100%. The issue I think right now in the NFT space is that we've seen sales drop by like 80%. For me, I think when it comes to the marketplace sector, what's really gonna bring I think value for end users is that intersection of gaming in NFTs. So the more that I see a company trying to integrate with the gaming space and align themselves with that area as opposed to just kind of being an all one stop shop place, that's where I think they can start to specialize. Now it's gonna take a shit ton of marketing, it's gonna take a shit ton of building and community building, but I think that SuperFarm could get to that point in the next year. And so that's why I was looking at this particular token under $3 for more upside potential in the long run than anything kind of short term. Yeah, similar to Marcel, I kind of had that same thought. How are any of these NFT marketplaces really gonna stand out from the crowd that's really starting to expand rapidly? We'll see how that goes on. Well, maybe something, since it was backed by Anamoco, maybe Anamoco in the future will put all of its NFTs on SuperFarm. That would be something that might pull because Anamoco is a pretty big brand. As far as in-cash go, I liked the concept, I liked helium for a while, but with in-cash and they pivoted to this NFT minor thing, I don't see how that's like creating an actual node out there that is supporting the network around the place. It sounds like it's more like a cloud mining things from the last cycle or something like, is it just a fad or how is it actually helping? How are you actually helping create a decentralized network when you're just holding an NFT that's earning the rewards versus having a minor that's in your location, maybe providing coverage right there? So the way that they're going about it is they're deploying their network in like one kilometer radiuses. So you can actually apply to become a host of a physical device and they'll send you out that device and if you're in the most optimized spot, you will actually get sent a free minor that will also earn rewards, which is 20% of the total pool. Now, if you own one of the NFTs, what essentially it is is a representation of your certificate to a particular minor. So those are gonna be issued out 80% of the reward structure. So the NFTs are folding into part of the network infrastructure. It's not actually establishing the network itself. There's still gonna be like physical devices that are gonna be creating the actual network. Do that kind of make sense? Yeah, it's just those are gonna be run by NCASH or? So the actual devices will not be. Those are gonna be, so it's like an opt-in kind of network where users can say, hey, I wanna apply for the network to host the device. And if you're in an optimal place where there's no other minors in your one kilometer area, then you can get sent a device to actually help set up the network. So you're essentially like leasing the physical device from Nitro Network. It's interesting how you talk about Nitro, maybe overcoming some of the challenges of Helium. Can you explain again some of those challenges and how Nitro plans to overcome it? Because for me, Helium is one of those interesting projects that got a lot of attention from a lot of different people. Despite, you know, you might not see it on top line headlines, but through word of mouth, I knew so many people who were participating in the whole Helium thing. So maybe just say a few words more about how NCASH wants to overcome some of those challenges. It might be interesting. Yeah, so when it came to Helium, one of the biggest issues I own a Helium miner myself, one of the biggest issues is that on the grid, you'll see how many other minors are in your little grid area. I think with Helium, it's like less than a mile. And so sometimes there's grids with 20 different minors all within your radius. So what happens is that dilutes your reward pool. So if there's five minors, you can actually earn more rewards because there's less people pulling from the rewards pool. But if there's 20, then that decreases your structure. So like when it comes to nitro network, they're gonna be setting up the network themselves by like optimizing where the placement is of each device. And so that they're optimizing the network. Now, what also happens is like you have double coverage, triple coverage, quadruple coverage, whatever it is, where you may actually need to spread out the network in a more wide areas and condensing it in like a smaller area, if that makes sense. All right, so those were my two picks for this week. Don't forget, folks, like and subscribe, Cointelegraph here. We're on YouTube every Tuesday, bringing to you live the market report. Also, if you haven't dropped your handle in chat, go ahead and do so now. I'm gonna take a quick look through the comments. I see some folks got Ali talking about Apecoin today. We appreciate everyone that's been tuning in from around the globe. I wanna get to Jordan's segment today because he's got two exciting picks for you guys that you're gonna want to take a look at. So, Danila, why don't we jump into Jordan's top picks for this week? All right, so I picked Matic and Ronan this week. And the reason I picked these two is because there's been a lot of hype around the merge. We've talked about it at the beginning of the show with Ethereum, merging it between the proof of work and proof of stake and all that stuff. And everybody's all hyped up, yeah, it's gonna, but in the background, it was like, but it's not gonna do anything with fees. And that's been my biggest problem with the Ethereum network all year. And a lot of people's problems, especially people that live in other parts of the world that don't have as much money, I guess, and spending $5, $10 on any transaction ain't good. So I chose Matic as one of the most used Layer 2 networks on Ethereum. I think it's got a lot of potential for growth in the future just because Ethereum's gonna continue growing as the merge happens. And then people are gonna realize like, oh crap, this nothing's really changed. How can we have cheaper transactions? And Polygon has been one of the more adopted Layer 2s. Some popular games like Avogochi and stuff like that. A newer game, I believe, is crypto unicorns has launched on Polygon and is gaining traction too. So it's got the gaming sector covered. It's also got DeFi with $4.17 billion in total value locked currently on Polygon. So it's a growing ecosystem. And one of the things I really like, and I have to talk about it, it's not too many people pick up on it or agree necessarily, but people aren't gonna want necessarily to use Ethereum to make transactions in the future. I don't like doing transactions on Bitcoin because it takes away from my Bitcoin stack. So if you're transacting on Ethereum, I like the fact that you can use MATIC and pay with MATIC tokens so you can hold your Ethereum and you can stake it, you can do those other things while paying in the MATIC. Or at the same time, you can stake MATIC tokens already and earn a nice yield. So that's one of the things I really like about MATIC. Overall, it's one of my favorite ecosystems in general. The second one I just chose might not been the best time to tease it just because there's like, even though there was a hack on the 23rd, they just found it out now and like $620 million was siphoned off with the Ronin Bridge, but it's Ronin. It's another layer too. It's a gaming, specifically he was kind of designed originally for Axi and Fanny, one of the most popular play-toring games, especially of 2021, just kind of blew off the top in the whole gaming ecosystem. Ronin is the side chain that it operates on. Again, one of the most popular games in the ecosystem. Third-party developers are soon gonna be able to develop and launch on top of the Ronin network. So that will bring a whole new host of play-to-earn games and other things to the ecosystem. I think people as people kind of wear thin on Axi and Fanny or want something new, they'll be able to jump over to one of these other new programs or platforms on the same network and experience kind of the same fee structure and stuff like that. You can pay fees with Ronin. You can also stake or stake your Ronin to delegators unless you wanna actually be a delegator or a verifier, or you can stake and earn rewards just based on the network fees and stuff by being a delegator and as the network grows and new games come onto that, I think that will really benefit Ron holders. And currently there's three, well, I had it at 3.6 billion in value locked on the Ronin bridge, but maybe that's only 3 billion now because the 6.6 is gone. But okay, yeah, the price dove, buy the dip, right? It's a good opportunity to buy the dip if you have long-term beliefs in this project that I do. Spin zone. Spin it, we're PR right now. I'm the only person with anything. I just found out about the hack today. I'm like, damn it. I knew I should show some different. Marcel, Sam, you guys wanna jump in here with any questions? So clearly Jordan has only 50% less odds of winning today, but I just wanna back his Ronin choice. Ronin network never seems to amaze me and the hack is an example of that, but on the bright side, the network itself catapulted a very stupid and lame game, X infinity. If you haven't played, don't. It's senseless. The game doesn't make sense for me. It's like Pokemon from 20 years ago and whatever, but still Ronin got X up to 2 million active players and that's a miracle. So, but my question is, Jordan, why aren't other games using or were using Ronin if it works for Xy? I think that a lot of games have just been developing along the way on their own network. Some have been doing it on polygon, some on avalanche and stuff and we're still kind of early in the platering game. I think over time it might settle out and I said like they're kind of opening it up to have new games being launched on Ronin. I think what you'll see will come in the future. A lot of new games being launched on the network and some of those 2 million X infinity users will kind of migrate to these new games. That's kind of, I'm thinking in my play out. Am I right? I don't know, we'll see. I mean, speaking of bad press, wasn't it polygon earlier this month that suffered like a network outage? There's some network issues going on with polygon. Can you comment on that? There might be some issues right now. Yeah. But we're talking about polygon, though. We're asking specifically. No, I was saying, I think I was reading earlier that there might be some network congestion going on right now. It's a bug on, yeah, it's had some issues just in the last six months with them raising the fees to help with hackers, all stuff. And to me, this is all part of the development game and the crypto space. No, I don't see any, except for the only network I haven't seen with a big hack is Algorand. I talked about that last week, but all of the other ones, there's a big hack that comes along and just like, oh crap, this network's falling. And it was like, oh, it's doom and gloom. Solana's gonna go away forever and all this stuff. And then six months later, it bounces back. I think polygon is just working out the kinks and as far as layer two go. We see Ronin has an issue as a layer two. All these technologies, which is why Vitalik pointed out that he's like, I don't like bridges and layer twos because they're points of failure. And he had a point there, obviously. So, I don't know, we'll see. Polygon is one of my top choices, long-term pick. Yeah, it's got some issues that it needs to work on and it has been worked on, but I'm still bullish on it long-term, personally. I think one of the things, too, with MATIC, is that I like about what they're developing is the zero-knowledge proofs, I think is a very, very interesting thing that's starting to happen and come out as a new innovation. MATIC seems, or polygon, I guess I should say, seems to be leading the way in that area. I'm super bullish on MATIC in the long-term, but when it comes to the short-term upside, what are you kind of seeing as the utility for MATIC as more so like a gas token? I guess, could this thing explode to $6? Or do you kind of think it'll fluctuate under a certain threshold? Oh, no, I'm being really bullish. I think MATIC would go somewhere between $6 and $10 in the next bull run, just because I think we're about to see a stupid amount of money flowing to cryptos just because of the world stage kind of things going on. Ethereum's gonna have its own pump and people are gonna be like, where can we go on? And then anything that's in the top 100 is gonna be like, and then it's gonna be like, we'll see how it all plays out, but I think I'm playing my polygon as a good solid layer two for Ethereum that has lower fees, and we'll kind of take some of the steam that Ethereum is building up when people realize that they have to pay high fees on Ethereum still. My main play is as a layer two, the scaling solution for Ethereum. Before one billion isn't anything as stubborn as that. Go ahead, Marcelle. Yeah, Jordan, how easy is it for a normal person to use MATIC, to use the scaling solution? For example. Anybody that's ever used MetaMask wallet is the same as that on Ethereum. Again, on all these that we're talking about, all the EVM compatible chains through MetaMask, it's getting really simplified now. Like you can, even on going to Aave, I think you were mentioning, you switch over to the polygon network, really simple. You can choose that tab on Aave and have the list of tokens that they support. So it's really simple and it's faster than Ethereum. And I think when you actually kind of go to do that first transaction, you see that it costs like 0.001 MATIC. You're like, yeah, that's nice. I absolutely love that. The gas fees on polygon are, take it all there. All right, good picks. Good picks this week. Everybody I think had solid picks. It's going to be a tight race at the end of the show. Make sure you are casting your vote in our poll today to see who had the best picks or which tokens you thought could be the best buys under $3. So folks, just as a reminder, these are the express personal opinions of each individual panelist. Make sure you are doing your own research because this isn't financial advice at the end of the day. So we appreciate everyone for doing their own homework when it comes to a lot of these projects. Go ahead and drop your Twitter handle in chat. That one month subscription of Markets Pro is coming at the end of the show to folks that participate and drop their Twitter handle in the chat. Don't forget we're going to be doing that live poll, I think after our Markets Pro segment. So next thing's next. Let's get into our Markets Pro. Speaking of Axie and Fendi Marcel, we got something nice for you this week. So no, let's get into our Markets Pro segment. All right, did you see those newsquakes this week? Well, if you didn't, Axie and Fendi went off the Richter scale. Newsquakes are automated alerts that instantly notify users when market moving events happen. That's what happened this week with Axie Marcel. Did you catch this trade? Last week, Axie and Fendi joined a select group of assets participating in Binance's auto-invest program. This platform announced two attractive promotions to celebrate AXS's edition. Look here, folks, that's a 25% gainer. The news was well received by the market with the assets price spiking from $59 all the way up to 73 bones. That's 26 hours later too. That's a nice little ride if you were able to get in there on that newsquake. Really anything that we're seeing with any kind of association with Binance recently on the newsquakes alerts, that's going to be a good play. Moving on to our Vortex score for this week, we're going to be paying attention to the ticker NFTX. For those who aren't familiar with the Vortex score, it's a score of the comparison between the current market and social conditions of those in the past. So a Vortex score of 80 or above is considered confidently bullish. We're looking here at this chart, folks, that is a 90 on the Vortex score. In a bearer sideways market, the Vortex score often helps traders identify assets that are most likely to be among the few winners. This past week, NFTX lit up the ultra high Vortex score of 90 on March 24th against the price of $111. So what this suggested is the coin's outlook had been strongly bullish. Assets price kept going throughout the week, reaching $177 earlier today. If you were able to get into NFTX, you were able to capture a 68% return. Holy smokes. That's the power of the Vortex score and that's the power of Markets Pro. If you're not using Markets Pro, I don't know what to tell you. Don't forget, folks, we're going to be giving away that Markets Pro subscription at the end of the show, $100 value that one month subscription could pay for a trade just like that and you would tenfold your money. So, folks, I think we have our poll going live now. Make sure you are voting. But first, I think there's a little hot topic we need to talk about. So I want to hear from each person today. Why do we think Bitcoin's pumping at the moment and is there any kind of special manipulation going on with the price? I want to hear your thoughts. Marcel, why don't you start us off? What are your thoughts right now? Why do you think Bitcoin's pumping? Well, Benton, I'm going to start with the crazy idea that there's a country, I don't know if it's Russia or whatever, that it's buying Bitcoin for themselves and it still hasn't announced. Sam, what do you think? That's interesting. I just think right now with what's going on with Luna and the long-term hodlers hodling, I just think that right now there's not enough Bitcoin on the market and we're seeing, we probably ended up seeing a squeeze at some point. So I don't think there's any kind of conspiracy going on. I just think there's, the buying pressure has been increasing and you combine that with the fact that the sell pressure among long-term hodlers has been fairly non-existent. So that leads me to believe that that might be responsible for some of the gains that we've seen. Interesting insights. Jordan, one of your thoughts here. I kind of see a mix of the both of them and just some greater, like a few weeks ago, everybody was like, oh, Bitcoin's going to 20,000. If DM's going to go to 750 and I'm like, oh crap, the market's about to go up. Because whenever this happens, the market goes up. So that kind of started going, then you get like China and Russia and Saudi Arabia throwing up, like we're going to start changing in how we sell our oil. We're going to use Juan and Rubles and maybe even some Bitcoin. And then like, yeah, the petrodollar is on its way down. And if you were like, oh crap, we got to get off the ship. And there might be Russia buying over here and it's other countries and you got El Salvador and all these things. The whole bullish narrative is just, people are starting to see like, oh crap, this is kind of what cryptocurrencies were made for, right? And so the whole market is starting to see these inflows of people around the world are not going to necessarily want to throw their money into dollars because we can freeze the Russian central banks dollars. So like, I don't know, the whole narrative of are you in control of your money is really starting to become really apparent to people. And I think cryptocurrencies are benefiting from that. Just my own personal opinion. And they're buying billions worth of Bitcoin from Luna. Like, yeah, there's not that much supply, folks. Price is going to go up. I was going to say God bless Doquan. Yeah. God bless them, doing God's work isn't going to work. I mean, but I do feel like that's kind of, that was kind of the catalyst of the most recent narrative was Luna getting in, you know, backing up their treasury with Bitcoin. I would also agree with Marcel that I think there are nation states starting to allocate some Bitcoin, whether that be Russia, whether there be other countries, you know, the sanctions obviously playing a big role in really the conflict in general, you know, between Ukraine and Russia right now seems to be playing out in crypto is a big topic, I think, because how are folks, how are nations moving their money cross borders if they can't have access to SWIFT. So that's one of the things I think we're starting to see some of the stars align. 100K, here we come, I don't know. We'll see. But I do want to bring up, we have the poll, live results here, folks. People have just been loving Sam's picks recently. Sam came in with 56% of the votes this week, followed up by Jordan here with 30%, and myself with a piddly 15% this week. So thank you all for casting your votes. We appreciate everything that you all have done to watch, to tune in. We got to give away that one month subscription of Markets Pro today. We want to scan the chat. Who do we got for today? Let's see, Adrian, who do you have in the chat that you would like to select for our winner of the one month free subscription to Markets Pro? I'm going to go ahead and just scroll up here. Did you guys see anyone in particular today? Looks like we have looks rare NFT. You're going to be our winner today for our one month subscription of Markets Pro. Let's see here. I think that's under the handle JFT, JFTC, JCT, Reynondore. All right, you're a winner. Congratulations. Hope you're able to make some good trades with that one month subscription. Folks, closing thoughts for today's show. Marceau, I will kick it over to you. Final words for today's market report. I support Teja, Luna, whatever you're doing. I hope that the order outcoins do the same thing, get their money and just buy Bitcoins with that. It's going to be good for everyone because whenever Bitcoin price go up, so does the outcoin market. So keep doing it, please, thank you. Jordan, any closing thoughts for today? Yeah, Bitcoin's going up. If Bitcoin goes up, a lot of times we'll see an outcoin rally if not too long after that. I'm going to encourage people to take profits when you get those chances because their markets suck when you don't have any money, right? Yeah, let's not get caught with our pants down three times in a row, right? Let's not do that. Like, the stars aligned last April. They did it again in November and you didn't take any profits and on. Now it might be happening again. Like, let's take some off the table, you know? Let's maybe hold in stables and take some yield off that way. But if all this Luna stuff is really happening, maybe just throw a few bucks at Luna just to say thank you to what's going on. That's all I really have. Not if that's an advice. Yeah, I would say you got to always, always take your profits. But if you got those diamond hands, you don't even have to worry about selling. You're just going to be holding for eternity. Don't forget to visit store.cointelegraph.com. That's where you get the swag. You want that swag that Jordan and Sam have? Go to store.cointelegraph.com. We got the swag for you. That's right, we got a coin teller, we got Bitcoin, we got Ethereum, you name it. We got the swag in the swag store, store.cointelegraph.com. We appreciate everyone for tuning in today. We love having you here. Hopefully you were able to get some insights on what some of the latest picks should be and that you should be keeping your eye on. Until next time folks, over and out.