 Right well image less at news. My name is Rob and we got a lot of things to go over everybody So let's just jump into it So first of all before we get started we're gonna go over the market recap take a look what's going on and we're gonna talk About exactly why you're here because of the thumbnail that I put out in a title Which was we haven't seen this bottom indicator since March of 2020 and if you remember back then that's when that whole thing Called the corona virus. I don't know if you heard about that kind of a big thing and drop the whole market So we are gonna see this bottom indicator. Hopefully it's in but it's anybody's guess Also, we're gonna take a look at what I call the crypto flywheel and why I believe this market is only gonna get bigger And it's not gonna go away anytime soon I'm gonna give you a prime example why did last night at my business and Next we're gonna talk about what I call tomato coin or sorry toyota coin And it's a mostly like a thought experiment as to what could be and then lastly I'm gonna talk to you about why I think that sweat coin will be the biggest TGE or token generating event in crypto history has come out in Q3 and lastly we'll go over a little bit Q&A So let's just jump right in and get into it first off. You're here for the live stream. Thanks for stopping by Appreciate it. Especially on a Sunday. That's pretty great of you to come over here So we'll do the stories about what's going on Then we'll do Q&A stories take about 15 20 minutes or so and then Q&A we do a little bit differently We're going to on the live stream We'll do the Q&A it may take 10 minutes could take 40 minutes Don't know and then we separate that from the live stream in a separate video So let's just jump right in so here's what we got today as far as the market itself Sunday, it's kind of boring a little bit of sideways a little bit of a of a win, but remember Bitcoin still below 30,000 I don't need to tell you this because you look at your portfolio all the time I know who you are because I do the same thing which we shouldn't but yeah, we do Ethereum 1.4 up tethered me. Well, some people care actually Binance coin 317 everything's looking pretty good. I mean as far as like up a little bit But remember this is the 24 hours. We take a look at the seven day Bitcoin just holding study and everything pretty much is There's some kind of losers. Honestly polka dot is still down 12% for the week avalanche is down 7% Sheep down 5 so even though we haven't regained where we should be take the little victories So if you're a trader, this is prime time for you you're probably crushing it as we oscillate in between these different numbers and Go forward. So it's looking not too bad And I know some people were bragging to me about Tara being up 36% yeah, that's awesome It's also down 60% for seven days So I look at the big picture and that's what's going on into the market So let's just get into it and talk about this indicator that we haven't seen since coronavirus days and it's mvrv and This is from friend of the show crypto quant you can you can I don't have a affiliate link I just have a regular link you can go check them out. That's what I use all my On-chain analysis for I like this. It's it's easy to use for somebody even like me so I like it makes things simplified and People have been talking about the I don't care about the outflow for miners. It's been Not anything spectacular to talk about all exchange reserves Yes, Bitcoin still goes down if they're in reserves. Yes, so going down take a bite on yes But it gets it pumps up when the when the when the price goes down and we'll start accumulating. Yes Yes, yes, yes, yes And of course, this is the one I'm always concerned about the leverage ratio and you get to see that people just love love Trading on leverage. I'm not that guy and if you're that if you're that guy or gal good luck to you I'm just not my thing, but we peaked at an all-time high of leverage 0.26 anything about 0.2 is like ridiculously high and in May We peaked around 0.27 and now we're back again to 0.25 sweet Mary and Joseph It's never gonna stop, but that's for the traders and just patient, but this one. I want to talk to you about and the RV ratio and what this is let me blow this up so you can see it Market value to realize value the ratio of coins market cap is to realize cap Which indicates whether the price is overvalued or not, which will everybody's that's the big question for everybody Historically values over 3.7 indicate a price top and values below one Indicated past tense a price bottom. So if we take a look at this Now we blow this up so you can see it that Barbie help out Right here we go and we can see so let's go to just a year or so We're gonna go back Well, if I go to all it's not gonna do it But if we go well, I have to go back to all so in March for this MV RV Where are we? March has a 19 Come over here. So anything below one Would be like the bottom if we take a look here 1.67 1.75 I think the lowest we had was this is in 2021. I wish I could do the do the better But if we see over here Market value to realize value we've been dipping pretty far and of course as the price goes down That's exactly what goes down and we take a look here May 15th where at 1.24 1.3 1.24 1.2 So we're not at That below 1 but we really are pushing the boundaries here Even at 1 even down over here looks like it's it was a dip, but it's not as far down as it was before So the realized value is going down So when I talk about that this is the indicator we haven't seen since March Take a look here. We are almost at that point to what will be considered a bottom Which if you take a look at the graph itself Last time we saw it this low Was in 14th of March 2020 that's when the coronavirus hit people were scared out of their minds. I don't know if you were here But it was a great buying opportunity. I got a minute even I was a little bit concerned I'm like who knows how long this is gonna go for and we see it right here now You can see it other time points. We can see it in December 2018 actually the whole time throughout 2018 Except November, but you can see it again Just kind of goes down and down. So if we're trying to look at bottom indicators, this is one of those times So what does this mean for you and me? Well depends on what you want to do So for me, I do the same thing every day. It's pretty boring It's just accumulate Bitcoin Ethereum what I'm waiting for though is some indicators so I get into certain altcoins and that I Believe is where the millionaires are made these altcoins I'm not gonna it'll probably the same ones that I've did before just a little bit with a little bit of a twist probably be Cardano Probably be Solana probably be near probably avalanche dot Just waiting to see how far down we can go and I'm gonna be watching this indicator quite closely But if you're looking at a time This might be the time for you I can't tell you what to do because I'm not a financial advisor and just the financial opinion But I can tell you right now. I'm a little bit more Positive as to we are getting to that point where we can say finally, okay, this might potentially the bottom However, everybody out there will tell you the same thing, but nobody knows for sure So do the best research you can and that's what we got So let me do anything about that in the comment section and there's a couple more things I didn't want to talk about as far as on chain analysis which is Ben's website app into the crypto world so you can check it out. It's not affiliate link I just love you next. It's awesome but Again, if we take a look at the trend lines for the crypto market cap itself See this right here. This is the fair value market cap and in 2017 the fair value was 89 billion We were way above that We were at was that 200 300 billion then when we hit the all-time highs at 700 820 billion We should have been for the fair value way down here. It was way way way overbought and It was a great time because we thought we're gonna go we're gonna keep going up But it never works like that and it goes down and then we kind of hit our the crescendo right around November 2018 And now here we are again. We're below the fair market value price. So these are the times when I honestly this is where I make all my money and In the fair value should be around 1.6 trillion Excuse me 1.69 trillion But we are down about 1.3 So this might be a time and then there is one thing I like to point out though And that is that people get kind of worried about this But don't be because if you just take a look at the fair the fair value just next year 2.3. That's the fair value. That's not if things don't go crazy 2.5 2.7. We can get back to where we were before August next summer next summer 3.2 trillion Maybe the summer after that 4.3 trillion. Maybe the summer after that Geez, that's even more 7 trillion. So again I Think we've got a long way to go. I think this is Just the second or third inning however you want to classify it. I think times are looking pretty good However, right now, there's some things I can't show you on Ben's website. Sorry, so I'm a paid member But there is one part here where to go turn on investment. Ah, yeah monthly returns These are all the months as you can see as far as like Monthly returns and April statistically was pretty darn good month. I mean, it was one two three four five six seven eight Out of the last ten years or so I looked pretty good and we had one of the worst of all time and now if we take a look at May so far 20% down and If you take a look out of the first five months of this year We're down pretty significantly significantly three out of the five and even March was just a barely a squeaker So if you take a look at that out of the first five months three are bad the last time we did that One two three Geez are three out of five was 2015 2014 after the crash of 2013. What about 2018? Yeah, 2018 another another stinker of a year same thing over here three months, so I Think that's hopefully the bottom is in but you have to take a look at all the data And it's not looking so favorable to really go parabolic, but obviously anyhow, that's the on-chain analysis Let's get to some good news, huh? So the good news I think personally is I don't think crypto is going away anytime soon and I'm gonna tell you just my experience so If you're new to the channel Welcome. Thanks for stopping by so Try to get into different businesses and one of those is a sports facility here in El Paso sand volleyball sand soccer and So last night we had another league For sand volleyball and I said, you know what I want to use this product And I'm gonna give out NFTs for people who come to To play volleyball at my place. I don't run it I have people who do it for me. It's much easier So the question I had was I wonder if people will even know what the hell an NFC is So when they came out, I said, hey, how'd you like an NFT and the first person was like? Yes, and I was like great. This is gonna be work. So for the I think we had eight or nine teams So I can ask all the captains and about half of them said yes They they knew what it was and they actually wanted one for free. I'm so sure here's the NFC and how'd I do that because Minting NFTs is pretty expensive depending on if you're on a theorem or Cordona or some other place, right? crown was very cheap actually and what I did was I use this product it's called poep and Before anybody starts going Rob is the biggest shill of all time first of all, I'm the king of the shills and Second of all, I'm not shilling anything because it's actually a free product, which is crazy So I learned from this I learned about this two days ago From friend of the show Anthony who was also I knew him from I trust He is actually coming to and I trust and he's like hey, I'm working over at PO AP which proof of I always get this wrong Proof of activity protocol proof of attendance protocol Excuse me PO AP and he said Robby gotta check this out because it's it's 100% free free free Do you use as an event organizer and free for people to actually mint the NFTs? I'm like, yeah, it's Bull but it does work. So I'm not getting paid anything for this I'm just showing you this is what I did and this is why I think crypto is here to stay So check this out. First of all, what is this? Since proof of tennis protocols or NFTs, they're minted and secured on a blockchain by default Po apps not called popes. I learned that the hard way po apps are minted on genosis or genosis chain previously X die in a theorem based side chain that uses a pre proof of stake mechanism This allows PO APs to be free For everyone both for collectors to mint and issuers to distribute. Let me read that one more time This allows PO APs to be free for everyone For collectors to mint and issuers to distribute. So I was like, great I'm gonna do that and send give it all to the people that shown up in my place For volleyball and again half of them actually one of us which is pretty great and then let's see our Interest in the matter is to help brands individuals in the rest of the world build towards better ways of engaging Po APs an open platform where all parties are equal citizens as such brands use the platform or the same terms Individuals and social groups. So the next question I had to Anthony was this Cool how they making money man because no one does stuff for free doesn't work like that and he goes Oh, well, he goes for if you have it below a certain threshold like 500 or something like that Then you know, it's free for to use But if you want like a white glove service for like huge brands like Miller light or like NASCAR whatever ones that they may or may not have a Different contracts with then we have a white glove service and we charge for that But for the part it's free and I was like man, this is crazy So when I looked at that and I was like this, this is why I think that crypto is not going anywhere So in the beginning of the internet, I'm old So I remember these days It was pretty expensive to get on then AOL came out with this this little CD Rom that you got and you put that in and he had a free little trial It was very cheap to do and you actually do it and it was super simple to use And that was the first one and it was slow and clunky it still worked and then from there It just people's interest started to gain and it worked out pretty well And I think it's the same way here. So like the people that I gave these NFTs to and I'll show you how I did it They first of all, they have no idea most of them didn't know what an NFT was even though, you know Half of them. I mean they knew what it was. They didn't really how to use it So I say so there's a QR code They scan it with their phone and I always thought to myself Why don't people just use QR code because during the coronavirus? That's all we did when went out to eat it when we went out to eat You would just scan the QR code and the menu would come up. So everybody knows about that So the same thing with NFTs. So they'd scan it They would get The NFT it would be sent to and they could do one or two things put in their Ethereum address Which guess what only one person had or they could put in their email and there was instructions about how you could use Or put in get a Ethereum wallet, which it's pretty simple metamask, right? Or if you want to one on your exchange doesn't matter. So what it's gonna do It's gonna allow people to go. I've heard about NFTs. I have no idea what they are really, but it sounds cool Then it was okay. Give me one of those and it's for free. That's awesome And then it's like, oh, okay Well now I get to understand what a metamask wallet is and how that works and web 3 and so on and so forth So if you take a look at just this example People are going to it's the flywheel effect. They don't know what it is then they get engaged Then they become the actual crypto responsible person They start to actually learn about crypto and it just car sees coming and coming and coming So I didn't really think about it But I think NFTs of course are gonna really bring us into the forefront and it's just this example, right? Now if we get into like, I don't know a little defy action or maybe a little staking and they're like, wow I don't need to put this in my bank and I can do I can just gain yielding since called stable Coins which sounds pretty good to me. And then I have these different apps like it It's just gonna go from there. So flywheel effect. I think is in is in full form. So back to this PO AP thing pull up There's just I I linked the the link in the description again I don't get anything for this. It's just like like you can do much But it is pretty cool. So pull up is a new way of keeping a reliable record of life experiences and Anthony tells me that when I go to consensus in Austin that this will be everywhere I'm like, okay, and actually we have a bet that Well, I'll tell you later I want to engage your community and with this you can organize a raffle Hold po app weighted poles and do other different things and then So what I did was I just used a basic image of the flyer that we use for this volleyball event And I just uploaded it and this is what people got. Well, now these are all different Different things that you can do you can mint these things and it's it'll be a record of all the activities and all the Places that you go to and of course you can make them into a gift and it looks pretty cool And it's got all the different the data behind it. So it's like It's like an event pass that event passport You know how like in passports they they stamp it kind of like that So all the places you've gone you're like always here and here and here so that's that part and then It's not just a you know, not nothing going on There's like a ton of different events that are already out there and then well, that's just one. Let's see To these are just all the different events that actually gets get minted. You know what happened two three Yeah, okay and Then so Some people might be asking like well, how do I set that up again? All you got to do is go to the po app website, which is po po AP dot x y z and all he do is just Click on po up events and click create new po app You fill in the thing upload a gift or a jpe or a PNG file and that's pretty much it and then Also, just so you know They've got a pretty cool status of po apps You can see like if it's actually up or down and whatnot and you can see that it's a pretty stable blockchain so far So yeah, so just real quick the way that I did it. There's a you once you upload everything the Png file then you then I'll say do you want a QR code? Yes, you get a QR code which is on your phone and then you just say hey Do you want an NFT sure to scan this and they scan the QR code and off they go. It's awesome So anyhow, let me just think about po app in the comment section and let's move on to like a little thought experiment as I call it To Toyota coin this was a it was a comment from John John and it made me think a lot I try to read as many comments as I can says and we were just just this is from yesterday's show He says why does no one care that coins are not investing in the company? Imagine Toyota comes out with Toyota coin and you can buy shares of Toyota on the stock market And you can own part of the company or you can buy Toyota coin and own no part of the company Duh, what are you all thinking coins are not shares? I thought about it I said, you know, he's absolutely right coins are not shares like in the traditional sense as far as equities However, the question that I had then was this and I posed it to the community. I said look In the future, how many companies are they going to monetize the brand like let's say Toyota Toyota does does do that Can they tokenize their community and skip going public with with their stock arms? I don't know if they probably do that because there's so much money in going public But what would it be like if this example Toyota has Toyota coin and allows governance on the design Specs and release dates of new vehicles through voting and then some people say well That's the whole point of stocks you can you can vote with your stocks with yes, because you are a stockholder in the company like look man. I That may be true for some some pretty heavy stockholders, but I own Tesla. I own Mara I own Amazon. I haven't voted on anything yet. Just a very small small fry What if you could tokenize everything and you can actually have like a you know in this case Toyota coin? You have it and it would be the governance coin you could vote on all the different things that they have right or whatever it is What new new specs that are coming out new cars new upgrades new downgrades and then DJ Crypto setup grassy goes. What if Toyota coin? Helps with maintenance costs time trading values repairs, etc. And I thought to myself. Yeah, it's even better You can tokenize your whole community around Toyota and say look do you like Toyota? Well, here's the coin and you can stake it and you can gain yield off it Also, if you want to bring it in to our service center, you get a 20% off if you hold Toyota coin Depending on which kind of tears that you have oh and also if you want to upgrade or you want to actually trade it in We're gonna give you an extra 5% just but it doesn't matter the whole thing I think of is the the idea of stocks versus an actual crypto in Toyota I think you can see where there's there's some advantages and then what about having like immediate feedback right away not just like, you know having it on like a like a Twitter or Instagram or something on a pole But you just have it on like your actual token whatever Toyota coin whatever and you say look guys whoever is is a holder Come over here. We have a governance. This is what's gonna do and you can vote blah blah I think that's one of the one of the ways that crypto really moves into the mainstream But it was just a thought experiment. I'd love to hear what you guys say about this and we'll talk about this in Q&A But I thought hey, this could be the next thing so anyhow Let me know and let's move on to our last story before we get into the Q&A, which is sweat coin and I Haven't been talking around about this a lot and the reason is is because I got the second channel Dan de jen it's just a just a generic channel channel It's just expect to lose everything, but it's these it's these projects that I have a theory that The stronger the community is and the more that you already have built in the more it'll it'll succeed I think we see that with we just take a look at XRP and ripple If it wasn't for that strong community that token would be dead right now because of them and And their bullishness it's still viable. It's still out there the SEC crushed There was those hopes and dreams unfortunately, but it was because the community and it happened the same thing with salt Salt was a lending platform the SEC came in and said we're gonna this is a security and because of the community It was a security and because the community wasn't that strong it went away So I the thesis is that there's the communities really make things happen And if you can get have a community that's strong before you even launch a crypto It's like almost a slam dunk and when I talk about this I always talk about will it make the cut and This is this is the whole basis the community That's the first part the utility does it do something special? Is it new or is it just the same old thing? How are the team what are they done before and of course the tokenomics am I gonna get dumped on? So of course for the three that we've done so far. I've talked as many times Again, so Kishi ever done when fame this one is actually booing my whole portfolio because we got in before again, so Kishi They they already had a game on a ps4 and Nintendo switch and iOS and Android Millions of gamers they came in slam dunk ever dome. They had to they had teamed up With meta hero and they already had a strong community slam dunk fame MMA. They were they're going global now Not just in the EU for fights Influencers so that's a no-brainer as well and this next one I think it was a no-brainer to because sweat coin you can download this right now. It's not a crypto It's just a it's just an app that you download it sits in the background and it gives you these sweat coins which are like like bonus points like Like rewards points, which you can purchase little things like like shoes and and different likes I don't know like little that goofy Electronics just for walking. I mean you're gonna walk anyhow, so why not so it doesn't it doesn't have a crypto yet But the thing that impresses me is That first of all, it's going to have a crypto and I believe it's on Q3 It's a new crypto generate with your steps sweat will be available to any sweat coin user could be a very big large thing and This is what makes me very Interested in this project. No, I didn't get paid by them But I will be investing into them I can tell you that So initially sweat will be available to eligible users who can download the sweat coin app And this is what they're talking about crypto right now You can download sweat coin right now and start using it I've used it for three months and some of you have been using it for years. It's been around for like three plus years but In their early Q1 2022 sweat coin had 65 million users. Let me say that one at one time Early Q1 January February, I know sweat coin at 65 million users by early May. It was 76. Well, that's not bad Let me do some quick math Yeah, it's like 11 million more users in a month or so the numbers users growing We expect this to continue as we have just initiated our global expansion plan increasing the countries The app is available in from 75 to 160 By the sweat token generation event when they actually have sweat cryptocurrency We anticipate a predicted minimum of 137 million users. So here's the thing why I'm telling you about this like this Like the fourth time I've talked about it When you download the app and you just start walking, you don't have to even turn it on or anything like that They give you these sweat coins you can spend them in their their little shop. Like I said, they're like Just like bonus points, right? There's no crypto yet. But if you just hold on to them All the sweat coins that you generate They're gonna give you the crypto coin sweat coin Crazy Crazy, that's gonna happen right now. So again the thesis Community This one can't be beat that has a massive community the utility Well, there are other move to earn platforms and I am not a fan I think you all know of the other ones. So I think it's okay. The team they've been around for years They've been very successful. They already have pretty big Partnerships, I know like I see their Apple products on there. Dr. Dre beats and stuff like that. So they're pretty good the tokenomics I've got to take a look at a deep dive and I'll do that soon. Let me just do that now actually Sweat coin I'll do that soon and do a deep dive. So I don't know what the tokenomics yet But it doesn't matter because right now you could download this and start using it right now and get these coins. So There is two things to note. First of all serious as eligible users initially, so I'll be able to initially Sweat will be available to a lot of eligible users. Who are they? I'll tell you who is not You warrant represent and agree that you are not a national resident or an corporate in the United States of America People's Republic of China or any sanctioned country as a fine-and-clause blah blah blah Thank You Gary Gensler for protecting me harder Just saying so if you're in the United States initially, you will not get these coins. However Down the road probably maybe I don't know so here's the thing Two things real quick in all my videos, let's do this. This is ones from yesterday Nice shirt. All right, so let's see Ah, I always hey, I do this. Okay So on the link in the description, there's gonna be like something that looks like this these little running guys right here You can download sweat coin. It doesn't matter if you have Android or an Apple phone and I think I get like five sweat coins. So Little shill little shill not King shill little shill stuff and What's cool about this? I want to show you what's really cool Do you want to follow me and try to beat me in my steps? I guarantee you won't I guarantee you will not beat me Here's what I'm talking about. Let me share my phone screen. I Rarely do this so this might not work ha ha Check this out Hey, it works. Cool. This is my Sweat coin app which I downloaded and have for three months. You see underneath there. There's like a little house And there's like so this is how many steps I did today Didn't have that many I did not my phone on me this morning, but I tell you right now. You will not beat me in steps The second one is where you do all the shopping so all the the coins that you get so like every like hundred steps I think you like a sweat coin every thousand stuff I think it's every thousand steps you to sweat coin and then you can buy stuff like I don't know Starbucks Some kind of cards usually they have like Apple stuff here Whatever then over here is the wallet. I've got a whopping 2330 sweat coins, bam, not too bad, but this is the magic right here on the very last one the two little people there Damn it. Alex beat me today. So You can follow me and try to beat me in my general steps and Looks like I'm losing everybody today. It sucks. Let's see how I'm doing this month though Yes, that's what I thought Just kidding. So for the steps this month, I got 242,000 When you sign up if you go to search right underneath here or it says search My name is Rob Dan. All you got to do is type in ro b d a n And and then I don't know what these people are Follow this guy. Okay, sure and you can follow them and you can see how you how you rank up And what I'm gonna do. Oh, here's my recent followers Simone I'll follow you Jason Fisher and Theodore So, yeah So, you don't get it. You just they just show you the steps. Here's the thing The end of this month, let's do at the end of this month If you beat me in steps now, this isn't fair. This isn't fair We'll start in June because this month no one's gonna beat me Because I was walking around Italy and England something that so what we're gonna do is this download the app and If you can beat me in just the steps Three people I doubt it, but let's say three people do be me whatever One the the person that that wins is beat seeing the steps. I'll have you on the show The person that comes in second I'll give you a shout out and a portfolio review and the third one I don't know. Well, I'm gonna leave it up in the air I'm gonna do a poll over on Twitter to see which one's best So down the app follow me you can see how many on How bad I'm crushing you in the steps and we'll go from there. That's what's going on So look that went a little bit long. Sorry about that a lot of things going on Let's do a little Q&A So just as you know if you're for the live stream, of course you are will be for the live stream If you're watching the replay we cut the Q&A and we put that into a separate video It's all because of an algorithm. That's just how YouTube Helps us to push the content out because the longer the videos and I don't really work out That's what's up. So let's get into little comments and then go from there. All right