The author uses complex talk about tokenomics to explain why ICP's high volume hasn't moved its price. It’s a clever way to frame market indifference as a deep lesson in economic value.
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Why Nobody’s Talking About ICP Beating SOL & BNB in Transaction Volume - What You NEED to KNOW! #icpAdded:
Hey guys, Uncle Ray. Welcome to another episode of the Crypto Bellweather. The goal of this channel has always been to give you the information you need to make informed decisions. Over 90% of everyone investing in crypto lose money.
I want to change that. So, I don't always tell you what you want to hear, but I tell you what you need to hear.
And guys, you need to hear me out in this video. Stay till the end. I will tie it all together and I'm trying to get you to a place of understanding what you hold because ask yourself this, how many times has your favorite altcoin got just unbelievable news and then it went sideways or down or maybe it pumped for a day and then just kept going back down. you're like that doesn't make sense. Well, there's some variables that you are getting wrong. And once you understand it, once you have that light bulb moment, you'll know what you hold and you'll know how to build out a portfolio and create a strategy to actually make money. And it will all start to make sense. So then you'll be able to cut through the noise, the FUD, and the FOMO. That's where I'm trying to get you in this video and what I want you to take away from this channel. So, hit the like button. Let's dive into that alpha. Now, in this video, we're going to be talking about and comparing Salana, Binance, and ICP because ICP just got some pretty amazing uh information, amazing news. Kind of caught me off guard. So, I had to do the deep dive to make it make sense. So, did I say hit that like button? Hit the like button. Okay, guys. I've been saying this for over 7 months that we are still in the bear and the only guarantee we have in crypto is if a project has bad tokconomics, it is guaranteed, not maybe, it's guaranteed to keep dropping in the bear cuz they are going to keep dumping that supply, increasing the supply, and there's not enough retail there to make up the slack. back. So, you have to understand that. So, therefore, guys, the only thing I've pretty much bought all year is Bitcoin and the Canton network. I like my dry powder. And guys, I don't believe that this is going to be a Vshape recovery. Even when we find the bottom, if history means anything, we are going to go sideways for probably six months to a year and a half just like we did in every single cycle.
Now, could I be wrong? Absolutely. But I play the probabilities. So, when any of these altcoins start to pump that have bad tokconomics, I'm going to be there to short it. And here's an example. This is in our inner circle, our last short yesterday.
For whatever reason, um WLD World Coin started pumping. So, I said, "Guys, it's probably not going to break that line. If it does, it'll be a short squeeze." And there you go. It's already down 20%.
And guys, it's going to go lower. Why would it keep going up when they are dumping? See, they created one of the amazing project, but they created this the tokconomics. So, they gave themselves these massive bags. They don't care anytime it's up 30%, 60%, 100%. you know for sure they're dumping cuz they basically just making millions and they need the dumb money and I say that with love. The exit liquidity that think it's an amazing project but don't understand the tokconomics and the structure. It has no value, none, zero outside of speculation. And when the speculation starts to pick up that's their exit liquidity.
Now ICP is up about 10 12%. We were going to short that again. We shorted it here, here, and here inner circle, but that's not enough to really uh waste your time.
Hopefully hopefully it may start to pump a little more and we'll get some of that free money shorting ICP. Now, what is the news? Check this out, guys. Internet computer beats Salana and Binance chain in 30-day activity race. They're talking about doing billions of transactions.
And I'm like, something doesn't make sense here. So, I did a deep dive. Now, here's what I want you to understand.
And guys, I'm not trying to tell you not to buy or buy any of these tokens. We are going to look at the charts and I'll tell you my thought process. I just want you to know what you hold and once you understand it and understand the structure and the tokconomics and the acred value, you'll know exactly how to invest or you should. Uh now here's some more information before we dive into uh what I want to talk about this week.
this coming week uh because this post was the other day I believe it's this week um the internet sovereign cloud will be presented to the government and the enterprise leaders in Paris at the United Nations and it says if nations and institutions truly want sovereign AI they will not ignore ICP.
Do you think they really want that guys?
Just something to ask yourself. Okay, let's dive into it. Here's the part that matters and I'm going to tie this in and it'll make sense when we look at the charts.
Guys, there are projects that are solving real world problems that have utility.
But that does not mean that the altcoin has value for the token holders. Cryptos are not stocks. 99% of them are just commodities. Commodities don't have value if you are not putting those to use for yourself. Right? I use lumber, 2x4s. You can trade lumber. You can stack lumber all you want and you may get a spike because of housing builders and stuff like that, but that lumber is not going to do a 10, 20, 50x. However, the same stack of wood can be turned into a house and maybe you turn that $5 2x4 into a $30 bill because you put it in a house and you created something that acrru value, but you're not a builder. You're just holding your lumber and it has no value. If nothing else, it's probably going to go down. And then you start going well that doesn't make sense. Well, the example is how for example Ripple uses its XRP and acrews an immense amount of value, makes billions of dollars from their XRP, buys businesses, and it keeps acrewing value to them.
But that has nothing to do with your XRP. Now, here's what I want you to to see.
I had Grock do a deep dive and explain to me how ICP can be that doing that many transactions and be that dominant and the price doesn't reflect it at all.
It's still down like 996% or 99.6% from its all-time high even after pumping.
So think about that guys. How is that?
And ICP is also lower today than the lowest point in the last cycle. Well, if all that adoption and we know that four years has passed and it's trading lower than it was at the bottom of the last cycle, but it has all this adoption.
That doesn't make sense, guys. It should at least be up way up from that high or from that low.
But look at this guys. Here's the deal.
Okay, blunt summary because I I asked Grot to be blunt, direct, and honest. I don't care what the answer is. So, we compared Salana, Binance, and ICP over the last 30 days.
The number of TR transactions on Salana is almost three billion. Binance is under 500 million.
Internet computer is at 6.5 billion.
So what's the difference in the transactions? Well, the main type of transaction for Salana mostly paid state changing actions. Mostly paid state changing actions. mostly uh and same with Binance. ICP mostly cheap queries and compute calls. Typical transaction dex trades meme coins buys sells transfers and defy for Salana.
Binance token swaps, transfer, gaming, defy, internet computer, readonly queries, data fetches, data fetches, polling, AI compute, cost to the user for Salana, small but really priority fees are common. Smart for Binance, smart but real gas for B&B.
And then for internet computers says often near zero reverse gas model. Now bear with me guys. It's going to make all this going to make a lot of sense.
Economic value for transaction high real money moving and gambling. There's real money being made from Salana.
We're going to get to the price for Binance. High trading and payments.
internet computer very low, mostly reads and experiments.
Now, check this out. Here's the part that really matters.
In the last month, when ICP is supposedly taking over the world, Salana's made 10 to 15 million.
And that's actually down a lot, but they've made 10 to 15 million. Binance has made tens of millions and ICP's only made 250 to 300K, which is one of its biggest payment months in its history.
Well, think about that.
Where's all the value?
Where's it going? Why is it so cheap?
And if it was a company, you'd be like, "How are you going to feed your ecosystem?"
You can't.
That's why it matters. Now, this on this chart, it says, why does it matters?
Users pay because they're trading or speculating. That's for Salana. For Binance, users pay for real financial activity. For internet computers, subsidized compute that looks big on paper.
Now, the simple blunt explanation, Salana, high value activity. People are actively trading, launching memes, and doing DeFi. Every transaction usually has real money behind it. So, the network collects serious fees. Binance very simple to uh very similar to Salana. Strong and practical trading payments. DeFi uh feeds the Binance ecosystem. Fewer raw transactions than ICP, but much higher economic density and revenue. ICP high quantity, low quality. Most transactions are cheap or free reads.
International uh internal calls are low value compute like website clicks. It's like think about it guys.
So you go to a website and you click on and off. There's no value there. This inflates to count dramatically but generates almost no real revenue. The bottom line, this is per Grock. Salana and Binance are making real money from valuable user activity. ICP is winning a meaningless leaderboard by counting cheap serverlike operations. This is exactly why the market respects Salana and Binance transaction activity far more than ICP's volume.
Salon and BNB turn usage into serious economics. ICP doesn't. So see guys, all this ties in together. Now let's look at the chart.
See, Salana doesn't have the best tokconomics, but because of its staking and how much money it makes and its developer uh dominance, it did make an all-time high barely in the last cycle.
But 90 to 90 94 to 95% of all altcoins don't make a new all-time high in their second cycle. Well, that's normally because all it had going for it was speculation. and it had bad tokconomics and you got dumped on. Now I'm not going to buy any more Salana. It's still one of my biggest bags and I'm already well into profits. I sold a lot in the last cycle. I'm roundtpping the rest. I didn't stick to my guns. I meant to get out. But that being said, that gets back to what I teach in my portfolio course, guys. Once you get out your initial investment and you make some profits, you're you're in that 10% club. So, no matter what happens with the rest of my bag, which hopefully is going to keep going up, I'm good. That's the difference between round tripping with profits that you've already accumulated and you have all that dry powder and then not taking profits and huddling these things and hoping you get your money back. Big difference. Now, Binance, guys, arguably has the best tokconomics in crypto. You could argue that it really does because of its burn.
And it is the only altcoin that has outperformed Bitcoin since inception. Look at that chart, guys. And here's what you want to see. a difference in a altcoin with good tokconomics that has real value.
The chart goes from left to right and anyone that even if you bought the high of Bitcoin in any cycle or Binance in any cycle, you got your money back and made a profit if you held into the next cycle. Most altcoins, like I said, you're probably never getting your money back no matter what. People want to gaslight and make you think. Now, let's look at ICP's chart, guys. That that's the same historical chart. Notice the difference, but look at this.
They dumped on you. They had phenomenally bad tokconomics. They made lifechanging gains dumping, walked away.
Another group got in there does have good tech, but if you dive into the tech, guys, it's not really relevant tech. No one's in a hurry and no one really cares about everything going on to the blockchain.
No one's surfing around going, you know, this sucks. We we need to put this on the blockchain. That's why you're not getting the adoption and the value out of ICP cloud storage, guys.
Who do look who they're competing against? The most powerful companies in the world.
Microsoft, which Google, Amazon, right?
They have the cloud storage on lockdown.
And no one like Coca-Cola, the banks, the governments are going, "Oh my god, we got to get all our money and all this out of uh out of the cloud storage that Google has, and we need to move that into decentralized."
And guys, here's the thing, and I hate to tell you this, but it's the truth. If that demand does pick up, you're going to see like Google step in with decentralized technology. This is just software and code. They got the smartest developers on the planet. It's open source. They got all the customers.
Why do they need ICP? And I know people hate to hear that the ICP tribe is starting to hate as bad as the XRP army.
My god, they hate facts. But the fact is, guys, no one's dumping their uh ICP.
Why would you Why would you sell it at the lowest price? it's been basically in history.
Why is it still going down? How is it that it made a a lower low from 4 and a half years ago, the bottom? That was after the FTX collapse. And I mean, it was horrific.
And it's pumping today. And it's still down 99.4% from its all-time high. Well, the reason it's keep going lower is they just keep dumping on you. And I hate to tell you guys, no matter what, the only thing that will ever pump ICP ever is speculation. And you get all the people like Jerry you want in the world spreading lies and misinformation and tell you tech matters. Guys, no one gives a about ICP's tech. And even though it's starting to pick up the pace, what's that doing to the price? It doesn't make any It doesn't even make enough money to really buy two or three of the top developers in the world, much less feed its ecosystem. But how is it still running? You bet your ass the founders and all those guys printing money for themsel, dumping on you. They get their fat paychecks for the foundation.
They're getting rich.
Guys, you have to understand tokconomics and acred value for all altcoins and then you'll know what to do. Now, ICP is getting so low and I mean, how low can it go? I mean, it can keep going, but the odds are you you could buy it off the bottom and but I'm not in a hurry to tie up my money. I may buy ICP for a quick two or 3x, but I am not going to tie up my money for the next two years waiting around for the next uh altcoin season to pump ICP so it actually has a bump. I mean, think about that, guys. Yeah, let me run out. What do you think Wall Street and all the big players when they see that chart? Yeah, let me run out and put my money in that. That means pretty much every single person, every person that bought ICP and held it got wrecked 100%. No matter when you bought it, if you bought ICP in the last four or five years and you still hold it, you lost money. That's not a good investment, guys. I don't care what you do with your money. But know what you hold.
Understand acred value. It will lead you to better projects like Canton, maybe Zebic, maybe Tao.
But projects with bad tokconomics that don't acrue value will never make you lifechanging gains. They will never maintain a pump.
And if history tells us anything, 99.9% of all altcoins that are in their second, third, and fourth cycles have no chance for the most part. I mean, anything's possible to make new all-time highs, but people tell you that it's going to go do a 100x, a 5,000x above its old all-time high. And the best altcoin ever, ever, is Binance.
It did like a 4x above its previous all-time high. That's the the exception to all of crypto.
So, at best, at best, guys, if you're holding any of these dino tokens, ISO tokens, or whatever, if they are the exception and they break every rule of probability, maybe they do a 5x. And again, guys, the reason I point all this out is if you don't know what you hold, you're going to keep roundt tripping it cuz these are not what you think they are.
And Wall Street and the banks are here.
They created Canton. Stripe is a powerhouse. Circle arc. Where's all that value acrue?
Well, Stripe, it accrrews to the company. Circle it acrru to circle.
Supposedly arts coming out with their uh altcoin that we can buy. Hopefully, it has good tokconomics. Something like the canon network. It will be a powerhouse.
But guys, cryptos are not stocks. They don't acrue value. And if something doesn't make money, what value does it have? ICP is like owning a restaurant that served a million hamburgers over the holiday weekend and and barely made enough money to feed their staff and pay their rent where Salana and Binance s sold the same amount of hamburgers and made millions and millions and millions of dollars.
See the difference in value? All right, guys. If you need some help understanding all that and getting a game plan for your portfolio, I have a portfolio course that answers all those questions. And you get a Zoom call with me where we go through your portfolio and make sure you understand tokconomics, uh, market cap, which matters. That's another lie. And then we get you a game plan to dollar cost average in and out, not round trip it, and actually know what you hold, make some money. So, if you need some help with your portfolio, reach out. I also throw in five months manner circle. Now guys, in my opinion, the best way to make money in crypto is to short these altcoins with bad tokconomics and not just in the bare market. Short the all-time highs for the next cycle, right? They're not going to make a new all-time high. The probabilities when you put on a short are already like 75% in your favor. That when something like this rips out of nowhere with horrific tokconomics, just just think back what's about to happen. Those guys got free money.
Free money. I'm just going to dump dump on the on the uneducated.
They're going to do that continuously.
They don't care of the value of that token. They're already jet set by creating it and dumping.
It's almost like it's in the code of these altcoins that people don't understand. Where does the value acrew?
It's literally like they create these coins with sexy stories and great utility and they're like, "Yeah, but it has nothing to do with you guys. You guys, if you read the code says all money accrus to founders, to the company, to the foundation, to the creators, to the exchanges, to the devs that we gave a big fat bag to. Where does the money come from to feed all them? Comes from retail who won't take profits, that'll huddle, that think they're going to make lifechanging gains. They've been gaslighted.
Anyway, guys, if you want to learn to short, reach out. I have a shorting course that comes with a zoom call to make sure you understand everything.
Comes with five months of my inner circle where I make all my short alerts.
And guys, I think both courses pay for themsel 10x a,000x over the history of your investing because once you understand the manipulation, understand a crude value, understand everything that matters, you'll understand the noise when you hear it. And it's so funny. People always saying know what you hold and everything. Don't fall for the noise.
Don't get futed out. Guys, everything they're talking about fudge and irrelevant. Just like watch all the people make all these um videos hyping how amazing ICP is. Okay, it pumped what 12% and now it's already pulling back.
So what?
again. Why Why is any altcoin lower than it was at the bottom, guys? We're not talking about just going down. We're talking about it's lower than where it was 4 and a half years ago at the bottom. But it has all this adoption because it's amazing tech. How in the hell is it keep going down? Cuz they keep diluting the supply. Period. All right, that's enough of the rant, guys.
Hit the like button. I'll pin my email in the comments and in the description if you want to reach out. But whether you take me up on that or not, guys, do yourself a favor. Do some nonbiased research. Stop start understanding tokconomics acrude value cuz no matter how much utility no matter how sexy the tech any altcoin that doesn't acrue value doesn't make enough money to feed its ecosystem which is most altcoins it only has speculation. So if you're going to speculate I am too. But wait till we get to the damn bottom. People have been telling you to buy these favorite altcoins for seven straight months. I haven't suggested to buy anything but Bitcoin and the Canton network. I have a watch list like if Zeic and TA maybe we missed the boat on a couple of them maybe. But I truly believe guys we're still in the bear. We're going lower. So anyway, hit the like button. Let me know what you think in the comments section.
Do you understand tokconomics? You disagree with it? Prove me wrong. Tell me how. If you want to hate on me in the comments, have at it. Hit the unlike button. I get it. But if you're going to yell at me, prove me wrong with a fact.
Why does tokconomics not matter? What's going to make up for the difference of no value? No value goes into the token holder. You're just holding a 2x4.
Meanwhile, builders are getting rich. If you don't understand that concept, guys, please keep coming back to the channel.
Talk to Grock. Tell him Uncle Ray said that tokconomics are the most important things in all of crypto and acrude value. If you're going to hodddle, is he right or is he wrong? Be blunt, direct, and honest. See what Grock tells you. And guys, we have Grock. Why listen to all this all these gaslighting? When someone tells you something as crazy as like $10,000 XRP in the next year, go ask Grock. say, "Grock, that sounds like to me.
Is that even humanly mathematically possible?" Be blunt. Be brutally blunt and direct and honest. Then you'll see how idiotic and how gas lit the crypto community is. All right?
Didn't mean to get on my high horse. I can't help it, guys. I do all this with love, though. So, remember this. If the majority were right, the majority would be rich. Take care, guys.
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