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Ton coin just knocked cardano out of the Top 10 but is this bearish is this Bullish what does it all mean and in This video I'm going to answer some very Important questions first why is ton Coin mooning in price right now secondly Am I still bullish on cardano despite Getting knocked out of the top 10 and Then at the last part of the video I got Some very important warning signs that You really need to pay attention To so if you go to coin gecko you're Going to see no longer in the top 10 you See cardano resting uncom ably at number 11 ton coin is on number 10 if you're on Coin market cap cardano is number 10 It's lto Stak ether but yes ton coin has Just been on fire lately and this chart Right here is the last 30 days now you Can see on the top end right there ton Coin has moved 134% in the last 30 days and if we go Down low to look at cardano you can see Cardano has fallen 15% and now you can See ton coin has since surpassed so First question why is ton coin moving All this article does a really good job Breaking down their latest Development Latest development is they're in the Digital identity verification phase and Right now they just uh catapulted at the Top 10 following a hand scanning Tech Similar to worldcoin but instead of Scanning your eyeball looks like this
Tech is going to be scanning your palm Prints or your handprints here uh and so On the eth ton blockchain revealed is Partnering with an AI company so now we Got you know a little bit of a dpin Narrative with the infrastructure play And AI narrative so really really Bullish narratives here and it's called Human code that doesn't sound scary or Ominous to launch an identity Verification system involving the Palm Scanning technology they stated this Technology works on any smartphone and Browser and designed to recognize all Skin tones now what's really cool is the Ton Foundation looks like they're Bootstrapping this event with $7 million As incentives for users to verify their Identity and if we just rewind a little Bit if you don't know what tcoin tcoin Was telegram's first coin uh you know Started by the telegram open network They had to change names to the open Network and so kind of separating you Know what's going on between the two Entities very very large community you Can see over 400,000 followers there but Not Super Active when it comes to you Know chatter on crypto X you don't Really see too much of a you know ton Fanboys out there sharing memes you know Interjecting you know getting arguments Online but more on that later in the Topic here so between telegram just
Having a giant Community also you know You're having some AI style upgrades ton Coin getting a lot of attention now am I Bearish on cardano am I still bullish on Cardano what is Dez's thoughts on Cardano well I think Leo said it best I'm Leaving I'm Leaving that's right I'm not leaving Everybody uh if we look here this was a Really good thread and kind of just Breaks down where we're at in the cycle When it comes to cardano now I've done Videos on the past but this is just a Little bit of a run through cardano has Had two bull runs with 100x that is Right they have already given people two Different instances of 100 X's well this Thread kind of breaks it down first bull Run here 54 days of sideways action this Is uh right after the Ico in Japan 2017 You just see sideways sideways sideways And then straight upward bull for 42 Days this was a 100x it uh peaked above A dollar uh early early 2018 so I kind Of threw it up on the chart right here This is the uh the 2017 lows you can see You just get in for pennies you know There's a little brief period where you Can get in for a penny and change and Then uh very very quickly this thing Went from pennies to you know $120 Really uh just it felt like hours it Felt like days but you know it it was a
Little bit closer two months there and So that's the first Bull Run for cardano Now I am still bullish even though we had a Second Bull Run that's right the second Bull Run 200 days of sideways action After uh the the big pandemic of 2020 Then straight upward Bull Run for 150 240 days some sideways action with a Double Peak that's because Bitcoin had a Nice top in April and then it had a Second top in November cardano topped Out in September firmly in the middle Kind of you know closer to the second X That ended up being a 150 DX and what do We see after that 770 days of a bare market and yes very Very similar period is where we're at Today now we're where we're at now is The third bull run the actual cycle We're in now 45 days sideways action and Now could it be 100 days could it be Even more you know it is up to you if You want to leave this train if you want To get out of the station you know hey There's a stop you can go ahead you Could jump off me Dey he's not jumping Off the cardano train right now so this This is the cardano Bitcoin trading pair Is going back years this is the 2017 This is where it did its 100x and it Felt like days this is where it did its 150x but this is priced in Bitcoin this Is the Ada Bitcoin trading pair and
Right now we are testing the bottom of The trend line meaning it is a very Small amount of sets per cardano let me Stretch out over here and you can see Right now each cardano is worth 872 SATs At one point you know the last bull run It was over 6,000 so you could see an 8X relative to Bitcoin at these current levels so right Now not interested in selling my cardano So if you ask the question is Dey still Bullish on cardano it's a resounding yes It's a hell yes you're darn right I'm Still bullish on that coin I don't plan On leaving anytime soon and now I said You know there's some warning signs and This is very important there are some Warning signs when it comes to Telegram And just the distribution but then I'm I'm going give you a little compliment Sandwich here ton coin don't you worry There's a tweet from cardano whale Playing on easy versus playing on hard Mode frankly it's ridiculous that these Two are put next to each other in any Type of ranking of course he's talking About uh the market caps there now ton Coin distribution I'll go ahead and Admit it leaves a lot to be desired this Is cardano's distribution the top 10 Wallets meaning the 10 biggest whales of Cardano they have 9% of the tokens if we Were to stretch that out and say you Know well that's the top 10 what about
The top one 21% so meaning out of every five cardano One of those five is held by the top 100 Wallets well what about ton coin well Folks this is going to shock you this is A warning sign I want to tell you about Look at the top 10 holders top 10 Holders 61% of ton coin and if you look at the Top 100 over 90% top 100 wallets have 93% of the tokens a lot of people are Looking at this metric and saying you're About to be dumped on you were going to Be used as Canon fodder for VCS but I Have a little bit of a bright spot in The future folks this is uh something That I learned in 2021 VC's have Stronger diamond hands than you might Realize now this is the salana chart and This is uh the three-day chart here you Can see the nice first runup in 2021 Fell down you know kind of like a double Top similar to cardano and then ended up Peaking in November now I remember this Runup I was uh you know interacting with A whole lot of uh meme coins you know I Was minting I think I got in salana Mostly for the nfts there and then I Remember people saying oh well we moved Too quickly we went up to around close To $60 I'm going to go ahead and move to This side so we can see some of the Price action here so the first first big Candles that we saw we end up seeing you
Know $60 Peaks dip down dip down pretty Hard dip down to about 20 bucks and then Everyone was saying n that was the VCS The VCS dumped on you it's never going To go higher than 60 bucks where it Wicks it will stick well the VC said Hold my beer now you can see a little Bit of a you know retrace you was a Little bit of a volatile period right There but everyone said the VCS were Going to start dumping and then it ran Up and everyone said don't worry now the VCS are going to start dumping at $100 I Guarantee you the VCS are going to start Dumping and then it kept going up in Fact it kept running up to $215 and then it started a little bit of Retracement and say see I told you the VCS are out this thing is dead and then It still continued to climb it went up To $260 so the whole time when it went from 20 to 40 you just heard VC's going to Dump 40 to 60 60 to 80 to 100 to 200 to 250 and then eventually the VCS did dump But no one expected salana to be able to Hit $100 when it first hit 40 and Definitely no one expected to hit 200 After it hit 100 and I was in the chain I'm Min in nfts and I I still found it Very unlikely because I just heard Chatter the VCS are going to dump the VCS are going to dump and so you know I Just wanted to point out to you you know
If we look at salana I feel like ton Coin is in a similar range this is September 2021 this is the first top for Salana so if you look here salana top 10 Newer hey kind of like tcoin came in top 10 but if we were to rewind six months We go back to March of 2021 salana was Nowhere to be found here you have to Scrow all the way down to 22 and so Salana a lot of similarities to ton coin You know hung out in the 20s boom it's a Top 10 coin so get ready for the dump Get ready for the dump salana had a Little bit of a dump but then after that We end up seeing a huge gain so if we Get a little bit of a pullback on ton Coin which you know I do expect as you Know people take some profit here do not Be a surprise if we end up with a 2X or Even greater after the pullback it Happened for salana it can happen for Ton coin I just want to share that but You know that's my thoughts on ton coin Surpassing cardano it feels bad Especially for cardano holder and it Looks great for ton coin but now you're Expecting all the sell pressure you know Just be careful the Marcus might do the Opposite of what do you expect I'm Dey For discover crypto we'll see your ton Coin or your cardono bags at the Top
