Hey guys,
First off, congratulations to everyone who had the patience to sit out the tail end of the bear market during 2023, you made it to the other side and as said - we’re printing many X’s. The bull market for altcoins has just started, so apart from potential dumps in between, we will see more gains during 2024 and 2025.
Now, I don’t update that much given we’re well positioned and you don’t need a bunch of news, analyses to make it through. Buy early - we did - and sell on time: to be determined. Just make sure you start taking profits as soon as you feel happy with your gains, convert them to your real life and invest in yourself - whatever that may be.
SolChat just created the first onchain phonecall!
Last night I saw something insane happening on Twitter: SolChat ($CHAT) made the first phone call over the blockchain. What is SolChat?
”Solchat is a communication protocol on the Solana blockchain, offering text, voice, and video calls similar to Web2, but in a Web3 environment. It utilizes Solana's low gas fees and stores messages and group chats on-chain. Privacy is a priority, with encrypted interactions and peer-to-peer audio/video calls via WebRTC to enhance security.”
Check the tweet here.
This news hit CT hard, everyone in the Solana community is talking about this and even Solana co-founder Anatoly Yakovenko was amazed and retweeted it:
SolChat is trending and up 6x
Logically the chart followed the news and SolChat pumped about 6x since the news broke last night. Yet, its weekend and the main crypto media only wake up on Monday, I would be very suprised if this doesn’t get featured on all front pages in the crypto media - as well as being featured by influencers.
Therefore I think SolChat still has room to grow, it only has a $27M market cap and the tokenomics with about 8M circulating supply and about 9M total supply, look pretty good to me. A breakthrough for blockchain use cases has been achieved and given SolChat is the first mover in the space, they could very well become the WhatsApp for crypto.
Volume for the coin is insanse, exceeding $32M (more than the total market cap) and its currently trending on Dextools. Sure, be cautious after such an insane pump, don’t do crazy things as the coin is super volatile and could easily drop 50% or more. Yet, I do think many investors and CEX will be on the doorstep at SolChat to get in. At least that’s what I would do if I were them.
So expect this story to continue, you can use Jupiter to drop some orders on SolChat if you like the project. To me it’s clear they should be listed on Tier 1 CEX and their market cap should be way higher than the current $27M. This won’t happen overnight, but I expect more to come for SolChat in the next 6 months…
To be continued.
Check SolChat on Dextools and their website, do your own research and see if you like the project / chart or not. :)
Another new coin: Okra Tech
One thing to take into account when I talk about “new low market cap coins” - these are just a fraction of my portfolio and the main portfolio shared at bear market bottom remains my main portfolio. At this point I won’t be buying more mid to high cap coins and I’m looking for opportunities with some extra investment I have laying around or some profits I made from trading.
So very short, I bought Okra Tech as DWF Labs just made an investment in the platform and the chart is -95% of the all time high.
“We are thrilled to announce our investment in Okratech and its revolutionary token, ORT. Okratech's innovative model assures professional mediation for both the employer and employee, ensuring the highest quality of work. With Okratech, employers can simply post their desired project and receive competitive bids from freelancers within minutes. The platform allows for browsing freelancer profiles, real-time chatting, and selecting the best candidate for the job. Payments can be made securely using the Milestone Payment system and released only when the employer is 100% satisfied with the completed work.
What sets Okratech apart is its DeFi-powered, self-governing DAO design that acts as a decentralized and broad platform for freelancing, not only for B2B interactions but also for P2P. Ort will match skilled freelancers for job postings across the globe, and the platform's highlight is the absence of transaction fees. We believe that Okratech's innovative approach to freelancing will revolutionize the industry and we are excited to be a part of this growth with ORT token.”
Okratech ($ORT) currently sits at only a $1.4M market cap, now I don’t expect wonders here because their product isn’t a mainstream/hype narrative. But with backing of market maker DWL Labs and already on tier 1 CEX’s like Bybit, I expect them to do well this year - similar to why I bought $LAI (LayerAI). You can check Okratech’s website and their token on coingecko.
Two good new additions to our low cap gems portfolio, these are high risk / high reward so remember, they can drop to zero or do a 100x or anything in between. Therefore do your own research and make your own decision.
Enjoy the ride,
BlowOffTopic