 Welcome to the last set news to get top stories and crypto and bring on a bite-sized pieces today. Just the thumbnail suggests we have to ask the question is 10% of the Cardano wallets out there controlling 94% of all the ADA. So we're going to take a look at what that means. We're going to take a look at the whales that are potentially controlling all this action. We're going to take a look at how many ADA wallets are actually out there. We're going to take a look at some Bitcoin data and so far as like ADA, ADA staking going on. Also take a look at other crypto projects and how they stack up. And finally, we're going to have a friend of the show, Dan from Cryptovisor come on and just give his insight. So if we're going to all those things first, let's take a look at what's going on the market. So today it is Thursday. It is the 16th of December. Still kind of on that slide of just boringness of what it is. Total Mark cap, 2.22 trillion down almost a percent. Nothing big, nothing great. And we've seen some other different players, but the daily sentiment sentiment is neutral using trade the chain for sentiment analysis. And we take a look at the coins. There aren't too many up. There really aren't. You've got, I mean, Bitcoin's down 2% in the last hour, 24 hours. Binance coin, everything's down except for Solana. Solana is up 2.5%. I know Melania Trump and also Michael Jordan, they're going to do NFTs on the Solana blockchain. So that probably pushed them up a little bit. Also, you see a little bit of a bump with Avalanche as they announced that they're going to allow USDC, the stablecoin, to be on their blockchain, which would drastically reduce fees. So that's why one of the two pumps, Terra Luna, I think it was another announcement. I can't say specifically what it is, but that's pretty much what we have here as far as the market. Nothing really big going on. So let's just jump into today's top story, which really just talks about, hey, there's a bunch of whales out there, and are they controlling everything as far as Cardano? So this is the article I am talking about. And I came across it on Twitter. If you don't follow me on Twitter, there's a link in the description. That's where all the most up-to-date news happens. So this is what we have. 10% of Cardano wealthiest controlled 94% of the entire supply. So this is the data. So data presented by Finbold, which is the article reading from this website, shows that as of December 13th, 2021, the top 10% of Cardano whales hold over 31 billion ADA out of 33 billion circulating coins, a coin that data extracted from the on-chain analysis platform coin metrics. If you want to take a look at it, this is coin metrics. This is where they actually pulled all the data from. And then if you really just step back and just ask yourself, well, what is going on here? And as far as like, because there's a lot of things we have to look at as far as the number, the percentages, and everything else in between. So if we just jump back, states here, notably the number of ADA within the top 10% of addresses has grown steadily since the year began, starting at 30 billion in January. The number of ADA held by these addresses have gone up by over a billion, representing an increase of 3%. So I mean, really a thing about it, it's not too bad, but it is concerning when you hear these numbers, 10%. Wow, 10% is controlling 94%. So the next question you really have to ask yourself is, well, how many wallets are there? Because if Cardano had 100 wallets and 10%, let me do some quick math, that's 10. So 10 wallets would control 94%. That's not good. That's not really decentralized, right? But if we take a look at how many wallets does Cardano actually have? And this was actually a tweet that was put out on November 1st. And it said, Hey, guess what? We just, we had just celebrated hitting 1 million mark. And now we hit a whopping 2 million ADA wallets. That's pretty good. So if we're looking at it, 10% of a 1 million, I think is 100,000 double that, you're looking at 200,000 wallets could potentially, if it is even true, 200,000 wallets, 200,000, let me say that one more time, 200,000 wallets control 94% of ADA, if that is exactly what it is. So it's an interesting thing. Then to move on, the data from coin metrics shows that these top addresses are accumulating more ADA because here's what you really have to think about when you hear these stories. At first, you think yourself, well, that's pretty awful. Then you have to kind of dig deep and go, well, how many wallets are there? Okay, there's that many wallets. Then you have to really think about what's the problem with a centralization of all these wallets holding all these ADA? The big problem is is dumping. And that's what you don't want to see. However, if you take a look behind the story and take a look some on chain metrics, you can see if they are dumping, if they are accumulating, if they are holding, and that I think is the bigger picture, what we're trying to figure out. And then to finish this up, it says grayscale investments. Grayscale, the one that have that nice Bitcoin fund and cryptocurrency funds and one of the first in there to do it. They titled an introduction to Cardano. This was a report they put out not too long ago, says that Cardano is undervalued compared to the second largest crypto Ethereum. The report came after ADA had reached an all-time high of $3 in September. So even though they're like, hey, it's $3 at that point, now it's not $3, it's like $20, $30. They're like it's undervalued. So that's why they picked it up. And a lot of their plays that they pick up are pretty good. I mean, they have Bitcoin, they have Ethereum, they have Solana, they have the different Metaverse plays to Central Land and things like that or Mana. So these guys are not, they're no slouches. And then the ones that actually really get in front of Bitcoin and they figured that out. And I think they're figuring out the other stuff. So I can get on board with that. And then also it states, the number one cryptocurrency Bitcoin has top whales controlling even a higher percentage of its circulating supply. Finn Bold reported earlier that this year that 99% of the Bitcoin circulating supply was held by just 10% of Bitcoin wallets. That's a lot. So first, you have to, again, break this down. This information, is this true? You have to think to yourself, what's the circulating supply of Bitcoin? Well, it's around 18 and a half million somewhere around there. Okay. So I think you guys think to yourself, well, 10% of Bitcoin wallets, you can do some math. You could, I mean, you could do that math. Or what you could do is just take a look at some data that's already pre-packaged for us. And when I say that, I say there's a website, a link in the chart, it's called Bit Info Charts. And we can take a look here and Bitcoin is on the top here. And you can take a look at all different bunch of things. Aida's not on there, unfortunately. But if we scroll down, we take a look at wealth distribution. Now, of course, this is not percentages, of course. Yeah, that's right. It says wealth distribution, top 10, 100, 1,000, 10,000. And you can see how it corresponds to the percentages. You've got the top 10 for wealth distribution, you got 5.68%. And some of those could be exchanges. You have to remember that because exchanges hold a lot of Bitcoin. And the top 100, 14%, top 1,000, 34%. And the top 10,000 is the lion share at 58%. So then I was like, well, let me take a look at that actual article. So when I click on it, unfortunately, it comes up arrow 404, it doesn't exist. So I'm not for sure how accurate these things are, but this is the information that we've been given. Then also, just like I talked about before about, well, who is actually, are they, are they holding, are they dumping, are they selling? Just remember, if you want to take a look at the staked value, there's a great website called stakingrewards.com. We can take a look here. Then the top three, and Cardano used to be one, I will give it that. Solano used to be down like four or five. Now Solano is number one at, as far as the amount that is actually totally staked is 77% for Solano. Ethereum is at 7%. That's your Ethereum 2.0. And Cardano is at a whopping 70%. So remember, what are people doing with this Cardano? What are they doing? Well, right now, they're staking a whole ton of it. Why? Because they believe in the project and they think things are going to go pretty well. And we'll see how that works out. Now, this is the last thing I want to talk about before we get down in here. And that is, if we take a look at some of the other projects, this is on-chain data from into the block. And got a free trial, not too bad. And the first thing we're going to take a look at is Cardano. And you're going to see here, it says, there's two things it says. It's got low activity addresses and high activity addresses. And we can break those down. So if we just mouse over, because what I want to make sure of is, are these exchanges or these actual people? So if you're going to look at that, you probably want to take a look at high activity addresses are probably exchanges, right? So if I mouse over that, it doesn't disappear. If I take low activity addresses and take those away, then I'm just left with a high activity. So even the number of whales three, it's 6%. That's probably exchanges. Okay. Then we come down here, as far as concentration, we can take a look at retail volume. That's us. And then we can take a look at ADA, as far as like the green sliver, which is the whales, and investor's volume, another subsection at 22%. Okay. And then to compare that, let's take a look at how Bitcoin lines up, right? Again, is this an exchange? Because there's number of whales as one, one whale owns 1.4%. It could be high activity, low activity maybe. Then we take a look down here, retail volume 89%. It's a lot. Whales, maybe that's the Satoshi wallet. It's 1.4% and the blue is investor's volume. Now let's take a look at Ethereum. Ethereum is still pretty good. High activity address. If we take that away, we've got, well, there's seven whales with 21%. We're looking not too bad. If we take a look at the low activity addresses, which will be like the whales, it's only like 1%, 2%, something like that. So not too bad. Now this is where it gets interesting. Let's take a look at Shiba Inu. So again, if we take away or just look at the high activity addresses, you've got a lot. You got a lot of 41%, 4%, and 3%, and 2%. You're looking at almost 50% there. And we just take a look at the low activity addresses. This is the one that we think are not moving it. Probably the whale is just sitting on it. You still got a lot, 4%, 5%, 6%, 7%, 9%, 10%, 15%, about 13% or so. And then this is the big daddy, Dogecoin. So Dogecoin, if we just take a look at the low activity addresses, which are the whales just sitting on it, you got a big lion share. You got 23%, 24%, 26%, 30%, roughly 30% of all the circling supply of Dogecoin is in the hands of just a very few number of whales. And that's how we take a look at things. So let me know what you think about that in the comment section. And now let's finish up and let's bring on Dan from Crypto Capital Venture and get a little insights. Okay, and then as promised, just wanted to bring on another point of view. We've got Dan from Crypto Capital Venture. If you haven't seen Dan on his YouTube channel, he's got a whopping 300,000 plus subs. And he's got his pulse on what is going on with Cardano. Dan, welcome to the show. What is up, Rob? How's it going? Nice to be here with you. I appreciate it. Dan and Dan, I like the playing on words that's happening right now. I'm really like. Dan on Dan crime. This is what's going on. Yes. So look, we just talked about that article and it looks pretty damning. If you take a look at it and go, okay, what is going on as far as like the distribution? And when somebody sees that from the outside, they start to worry about the big thing that I would worry about new to this is, well, if there's such a concentration, the thing I worry about is dumping because of those percentages. So give us a little bit of insights as to what we should be looking at and then just take us down the path of the big picture. Yeah. And I was just, as we were kind of brainstorming this a little bit, I was just mentioning to you, like you can really, you can take that data, you can take that article headline and you can really take it into different directions. And a lot of times even on Twitter, YouTube, there's a lot of this type of talk with Bitcoin, right? Like, is it really decentralized with all of these whales starting to just, I mean, they're growing and like, is it really decentralized? The question Michael sailor just killing it scooping up tons of Bitcoin, making Bitcoin decentralized, right? And I think we could spend a ton of time talking about that and having that debate or, and I was just saying this to you a few minutes ago, we can look at it as well. It's so early stage, right? This is such an early space. There's going to be big time whales coming in, in all of these protocols and scooping it up because they see the longterm macro picture, they see what's going on in the financial systems, they see the problem, they see the solution found in crypto, they're scooping it up. Right. So at the very surface level, I'm kind of just like, well, I want as much of that pie as I could possibly get whether whatever, putting aside what the data says, right? There's, there's still an opportunity for me to accumulate every day. And so how much of that pie am I going to get my hands on putting aside the data, putting aside the FUD, the uncertainty, right? Because at the end of the day, I think for if you're not a whale trying to control 10% of a blockchain, right? At the end of the day, like the opportunity is insanely big for you and I. Yeah, and all over. And then right now, for context, we're taking a look, it is December 14th, December 15th, was it? Yeah, December 15th. And we just haven't seen the last two weeks, pretty big retracement. So right now, people who were like, well, I know what's going on. I got Christmas around the corner, I got to buy my kids some toys, I want to lock in some profits, or I want to do a little wash trading and trade off some some losers and take some losses for tax reasons or tax loss harvesting. They're probably doing that right now, just like the big players. But I think as they sell off and the prices get so low, there's a chance for some people on the sidelines with big money just to scoop it up like you're talking about. So makes sense. Any insights you got for this one though? On-chain data stuff like that? Yeah, so if we pull up the screen, I think this is probably with all of the talk of what's going on with on-chain data. I think this data really paints the perfect visualization. Okay, what are we looking at here? So right here, hodlers, one plus year. So an address with a holding period of more than one year. This is a nice picture of the increase in Cardano holders, just a very simple visualization of the growth of one plus year holders. I like this one even better though. I think this is a really solid picture of, and they call them cruisers. So an address with a holding period between one month and one year. Look at the increase on this chart in the last year. And I'm going to just pivot real quick because we've been tracking, I track the charts a lot. We've been tracking the growth through these hard forks, the staking mechanism back here, 2020, multi-asset ledger right here for Cardano. We have smart contracts right here. We've been tracking that just protocol growth, the fundamental technical achievements of Cardano. And look at this, along that storyline, people are catching wind of the opportunity, I think, of this early stage blockchain. And this is kind of the coolest piece of data, I think, on the charts, which is the growth of these shorter-term investors, one to 12 months. And lastly, before we kind of pivot, this, I think, is a really good example of the last couple months, the 60% dip Cardano has seen. Look at it, less than a month. This is a trader. This is a person that buys into fear very quickly. Unfortunately, it could potentially be the people that are buying the top, right? And then shoot, we're seeing a 20% dip. They're starting to sell here. And then it's 30%, 40%, 50%. They're the long-term investors that are accumulating, they're buying. And it's illustrated on the charts, on this data. Yeah. And I got to tell you, I got into crypto in 2017. I got into Cardano at towards the tail end of that bull market. And then we saw some pretty big declines. But to me, when I went off, I was just too damn stubborn to sell. And I should have sold a little bit, going down, now I've learned my lesson, dollar-cost average in, dollar-cost average out, if you can. But throughout the time, when it was boring and nothing's really going on, that's when I really made the most, that's where all my money was made, honestly. When I was buying up Cardano with seven cents and eight cents and 12 cents and 15 cents and, you know, six cents. And then on, on down the road. So like, I know people are like, hey, why hasn't it gone to five bucks yet? It is a long-term play. It really is. So then, but there is a question that I keep getting a lot of it like, well, Rob, Cardano sounds great, but why don't you give me a working product? So Dan, what do you tell the people on your Twitter and YouTube when they start talking about working products? So first off, I mean, the best answer is literally the consensus model that Cardano has. The Ouroboros is the best in crypto. I really is. I think the ease of the staking mechanism that Cardano is offering, all Cardano holders, it takes like three seconds to stake. It's not locked in. It's just a beautiful process. It doesn't get talked about enough. So like, that alone, what that's offering to the community to Cardano holders is incredible. And then you can start digging into, okay, well, Dan, talk about smart contracts, they've launched and nothing's happening, right? But from that perspective, because I run a recruiting firm for startups, I talk about it often just because there's the similarity. Like when I'm watching the early stage startup that I'm recruiting for that has like a team of five, right? And they're building, there's like one dev, two devs in the background, they're building. And then they're just slowly growing. And then the product comes to fruition and then their valuation just goes crazy, right? And then all of a sudden, boom, they're acquired, right? That is kind of the opportunity that we as investors in something like Cardano have, we're early stage. And that's why I think it's such a perfect opportunity for macro term type of thinkers that aren't looking for quick gains. Because Cardano is a top 10, but it's valuation comparable to Bitcoin or Ethereum, they're such a big spread, like in terms of market cap. And so there's a lot of upside in terms of what's getting ready to happen. And all that said, underline that with the fact that Plutus application backend, once developers are able to interact with smart contracts, it's going to be just an explosion. And this is I have on my screen, if you want to share it, it's just a really quick glimpse of things getting ready to deploy. Some are active already on Cardano blockchain. And this is just the beginning. So what website is that? This is CardanoCube.io. It's really cool. Yeah, it's an awesome website. Yeah, I think it's like this. It's like, it's like you hear about those, those actors, those athletes, they say, yeah, this, I'm an overnight success that took a decade. It's just kind of one of those things. I know some people will talk about like, you know, damn it, I just wish it was just, just hit and just go, you know, as soon as it can. But it says sometimes most of the time doesn't really work like that. And that's why you'll see like, you know, people win the lottery. Well, they're usually broken a year because they really didn't do the due diligence and the hard work to get there as time goes on. So it makes a lot of sense. All right. So we answer that answer that anything else that we forgot about, are we good for there? I think we're, I think we're good for there. I mean, it's just, it's a game of patience and building and want to change the world with the technology. It's going to take, it's going to take a little bit of time. If you want to do it right, it's going to take a little bit of time. Look at, look at Cardano staking mechanism and no hate against Ethereum. But like, what's up with that right now? Do you know what I'm saying? So, and it's because they took their time to launch what they want. It's reliable. Yeah. And then, and of course, on this channel, this is all investments opinion, not investment advice. Me and Dan just kind of making our way through the investment mountain that it is. But you know, if you just kind of look at where things are going, there's some, there's a theory as far as like getting the fastest horse and just kind of ride that out. Or there's other people like us just say, you know what, just find out something you like as far as like the team, find out the community, see how strong that is, and just kind of go on the things that you actually understand and like. And just go from there. All right. So, so Dan, before I forget, let's take a look. You can check out Dan, his channel over at crypto cattle venture. The link is in description. And that is it for this one. Dan, I want to say thanks for coming on. It's been a long time coming. I appreciate you. Yeah, man. Let's do it more often. Have to have you on the show as well. Sounds good. It was fun. All right. Let's jump back. Okay. So I hope that helps. And I want to say thanks, Dan, for coming on the show. You can find the link to his YouTube channel in the description. And this is a reminder. Also, we did a DCA live. It was me and James from the best dancers and Ben from the cryptoverse. We talked to a lot of plethora of different subjects talking about where the project is, or where the crypto is going, some different tax reasons for maybe this sell off. I also talked about Senator Warren talking about how stable coins are the ultimate evil and just where things are going in general. So you will find that in the description as well. But that is it for today. So look, if you liked today's video, first I want to say thanks for sticking with me. I appreciate it. Give it a thumbs up. Also consider subscribing. A lot of things we talk about are time sensitive. That's it for today. So thanks so much for sticking with me. I appreciate it. See you on the next one.