Altcoins Are Finally Pumping: Here's Why

**DZ** (0:00)
This is Discover Crypto, and I must run straight to the charts, because look at the five-minute candle. Bitcoin is dumping, it is, you've seen a severe, severe correction. So we're gonna be looking at the markets today. We're gonna talk about altcoins. I got some major news for XRP holders. We have the CTO saying it is good that we sell XRP tokens. We're gonna look at Solana, we're gonna look at XRP, we're gonna look at Cardano, we're gonna do deeper dives later on in the show. Also, we're gonna talk about the straight Hermos, some recent actions over there. But look at this dump, yeah, TJ, what is going on with the charts here? We just started to lose all our bullish momentum this morning.

**TJ** (0:36)
Yeah, well, I was gonna say, I mean, maybe in the last five minutes, but I mean, over the weekend and this morning, obviously we're up, yeah, we were up almost 24

**DZ** (0:43)
Yeah, now let's hit refresh. Now, lock this in your mind, 3.8, 9.7. Let's go ahead and hit refresh, let's see how much things, still, like TJ said, still, zoom out, take a breather, you know, maybe things got a little bit overheated. ETH was up 10% at one point. Cardano was up 10% at one point. Now we're seeing these roll back to 8%, 9%.
We have Tron, one of the only flat coins here. XRP up 5%, BNB also up. Looking for the big gainers here. Pepe up 20%, Fetch is up. I haven't thought about that token in a while. And Dot also with 11% pump here. Tau also with a big pump. Good job, Drew on that video right there.

**TJ** (1:24)
Yeah. We covered Tau over the weekend. If you guys didn't check it out, make sure to do it. Turn notifications on because we've been covering a lot of the stronger altcoin projects that have been massively oversold and then seeing them recover very, very quickly. I'm pretty sure Tau is up close to 50% on the month and again, several others. So yeah, same with Fetch. Like you said, a lot of the AI tokens really doing very yeah. 49, oh, 50% on Tau in the last week. I'm sorry. Yeah, a lot, a lot doing really, really well in the AI space, but just altcoins in general, they've been beaten down bad. We've obviously on this channel been talking about a lot, how you identify very strong projects, how you eliminate lesser strong projects. And there is life changing generational money to be made in the altcoins that will remain and will come back in this next cycle. And we're starting to see signs of that now. So, DZ, you've highlighted a lot of them.

**DZ** (2:17)
I made a slight move in my portfolio, TJ. What do you think about this? I sold some Nite for Hyperliquid. And this is Nite that I have zero cost basis. I mine Nite at Nite AirDrop. I have 10 different wallets with Nite. Consolidated some of that, put it into hype this morning.

**TJ** (2:32)
Yeah, I like that. Hype is like when we're talking about strong altcoin projects. You guys know Hyperliquid is one of those ones we've talked about a lot on this channel. I think that's a very, very strong project. I think Nite could hold up and do well also, but like you said, zero cost basis. It's free house money basically, and getting it into hype, I don't hate that at all.

**DZ** (2:51)
Now should have done it a week ago. You can see Midnight actually one of the biggest loser in the top 100 out of the last seven days here. Looking at 30 days, yeah, Tao and Morpho. Look at these nice little pumps here.

**TJ** (3:03)
I hold all three of those, Tao, Morpho and Nier. I hold all three of those.

**DZ** (3:07)
Good job, good job. Now looking at the big losers, Hash, Zcash, Bitcoin Cash, Night and Rain. Coming in, filling out the bottom there. Now let's go back to the Bitcoin chart. I do want to share this. We are now attempting to flip this 50-day moving average back into the green here. We still have a little bit of an area I would worry about. This might be a little bit of a stress for the bulls. If they can get it past this level, very good job. But you can see since the 126 that we put in play in October, this is Bitcoin's top. You can see this 50-day moving average continuing to act as resistance. We had a handful of candles above it right there. Peeking our head above. The ground hog is sticking its head out of the dirt a little bit longer and longer. Here you have a full candle, two half candles. Here you have two full candles and a half candle. Here you have a string of candles. And so now maybe if this trend continues, might spend a week or two above this trend line. But this is going to be a very, very important level. Now we did make out some predictions for Bitcoin.