Red-Hot Cryptos Right Now

If you’re familiar with the Minions (and there’s no reason you really should be), you might know their song from the Pixar movie Despicable Me 2.

Sing along with me..

Ba-ba-ba, ba-ba-nana. Ba-na-naaa. Potato-naaa. Bananaaa…

Etc.

There’s no particular reason why I have you humming that song now, other than the word “banana,” which gets to the heart of today’s dispatch—what an X/Twitter influencer known as @MartyPartyMusic calls the “Banana Effect.”

It looks like this…

Each of those banana-like moves traces the trajectory of bitcoin immediately before, during, and after the first three halvings (a technical event every four years that doubles the challenge of mining a bitcoin and halves the amount of bitcoin mineable per day).

Those first three halvings have been ridiculously bullish for bitcoin.

Those are all moonshot returns.

We’ve not seen that yet with the fourth halving, which happened late last month.

In fact, we’ve seen bitcoin slide from a record of more than $73,000 to $59,000, before popping back to just above $63,000 as I write this.

For the record, we’re on our way to something in the $250,000 to $280,000 range. That’s been my prediction for a while now.

But today’s dispatch isn’t about bitcoin, per se. Except insofar as bitcoin’s moves affect the whole crypto market… (I’ll explain in a moment.)

Today’s dispatch is about so-called AI tokens, crypto projects tied to artificial intelligence.

If you’ve paid even passing attention to the stock market, you will probably know that AI stocks, led by Nvidia, have been running wild in the last year or so. Between October 2022 and today, Nvidia is up more than 700%. (Nvidia makes graphics cards that computers use to process and display graphics. But because the cards are so powerful, they’ve become the de facto device used to run data-intensive AI processes.)

AI crypto tokens have begun to run, too.

But they’re still deeply undervalued.

Moreso today because of bitcoin’s post-halving respite.

Where bitcoin goes, so goes the overall market. Indeed, bitcoin dragged down AI tokens sharply.

Which is why I was greedily snapping up a couple of them in recent weeks.

I’m not going to announce the names here, because one of them I’ve recently mentioned to my Frontier Fortunes members, and the other one is very likely to go into that portfolio, too.

But I will say this: I fully expect one or both of those tokens to 10x or more. One in particular has a market cap right now of about $144 million, and it’s quite likely going to be a $1 billion to $1.5 billion company before this current crypto bull market is over… meaning the $6,500 I have in that token could very well rise to $65,000 or more.

I am not mad at that prospect.

The other token is well under $10 million in market cap and could very likely see $250 million, meaning even $1,000 could end up at $25,000, maybe more.

Right now, AI tokens are one of three crypto sectors capturing a lot of attention. The other two are gaming tokens (tied to various forms of online games) and real-world-asset tokens.

RWAs, as they’re called, represent assets such as real estate, stocks, commodities, etc. RWA tokens are where the financial world is moving—and quickly.

I’ll have more on RWAs soon, but just know that both BlackRock and Fidelity, two of the largest financial players in the world, have both said they’re aiming to move onto the blockchain everything from stocks, bonds, currencies, and commodities, to, well, pretty much anything that counts as a financial asset, including real estate and certificates of deposit.

I am thankful for this post-halving selloff in crypto.

It has freaked out a lot of nellies who are nervous and jumpy because of the last crypto winter we went through.

That just means, however, that they’ve given all of us an opportunity to snap up dirt-cheap bargains on tokens and coins that have the potential to turn a couple thousand dollars into tens of thousands of dollars, quite possibly more.

So, if you’re a fan of crypto, now’s a moment to add to your positions, particularly in bitcoin and Solana.

And if you’re still on the sidelines about crypto, well, the crypto gods have given you a chance to get in at a great price—before the banana shoots the moon.

Ba-ba-ba, ba-ba-nana…