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Resending on BDP
Hey,
This recommendation email from Phenom Ventures founder Eric Muschinski wasn’t received by a number of our e-letter subscribers. I think it’s worthwhile resending it to everyone as it’s a key alt coin recommendation in the AI/Data space. Here is last weekend’s email in case you missed it or want to reread….
2nd Chances to Scoop AI Alts Down 60% From Recent Highs
Good Evening/Morning,
It's just past midnight Wall Street time on Saturday night going into Sunday June 16th. This is clearly my favorite hour/night to be digging for crypto opportunities and tonight I'm sharing a terrific setup in a familiar name. Big Data Protocol (BDP) is trading back under .20 after being a huge hit for us between October 2023 (.05) into March 2024 when it spiked to nearly .60.
The entire alt coin micro cap market has been bearish since March when many tokens peaked. However, THIS IS CRYPTO folks!! Do not be discouraged because better days are certainly ahead of us and this current "cooling off" period for the sector is very healthy. It does affect those of us that speculate in alt coins more acutely than BTC maxi's for example.
That said, I think we're approaching lows in many very sexy/compelling coins in my favorite sub sectors like AI, Data, Ordinals, NFT's, DeSci, and others within RWA/DEPIN as well. Tonight I want to highlight a sub $10M market cap gem that tends to trade along with the AI sector. But BDP has a valuable additional element to their business and that is their marketplace in DATA. The company itself recently tweeted about a market data firm within ear shot of their business that was valued at $4 Billion:
Please spend a few minutes scrolling through Big Data Protocol's X/Twitter page:
These guys are active, VC backed, and building! And these two screenshots may be worth 1,000 words as to why I believe we're likely scraping the bottom and I am buying coins tonight in the .18's. Let's start with the weekly chart...
Daily
Simple TA observations-nothing complicated
I strongly suggest those of you looking to own crypto projects with substantial upside potential over the long term to buy BDP under .21. ACCUMULATE! This coin ICO'd at nearly $7 back in 2021. I doubt it goes back there anytime soon but $1.50-$2 is very much within the realm of possibility during the next "alt season" bull run.
Check In With Yourself and Your Strategy
It is back to school shopping mentality time time for me, especially in alt coin gems like BDP, RBC, ORDS, and many others that I will occasionally highlight here in our e-letter before and into the next real rally in the space. Premium members can expect a formatted model portfolio update along with a handful of new recommendations to begin socking away. Although quiet in writing to you at times, I sift through more crypto data and coin opportunities than you can believe every single week!
It's EXACTLY this type of atmosphere that just like in 2019/2020 I forced myself to keep steadily adding my favorite small tokens that were WAY down on paper. BIG unrealized losses at times. But that's why I still have 70,000 Fantom (FTM) that I bought at .005 yet sold hundreds of thousands of tokens in pieces all the way up to nearly $3 in October 2021. 500,000 FTM cost me $2,500 because I bought when nobody wanted it and everyone was scared to act.
I sold over 100,000 of those tokens over $2.50. That's a quarter of a mil and my guess is that I sold the other 330,000 on average somewhere around $1 plus. $2,500 into $550-$650 grand....how does that sound? Well, it happened with a lot more tokens than just FTM but I'm sharing this because we need to stay AWAKE!
Add to your crypto portfolio when it's DOWN and you're feeling TENTATIVE or FEARFUL to do so. That's ALWAYS how/when I've made my biggest gains! It doesn't have to be BDP. It can be any number of crypto tokens but TIMING when to be a net buyer or seller is THE trick to this game!
Lastly, I just today turned on automatic accumulation weekly on Coinbase for like 6-7 tokens (XTZ, ICP, FIL, SOL, HONEY, and I forget the other 1-2). How much do you think I'm buying per week in these? Between $100 and I believe the highest is $333 weekly. These are modest additions to the core positions that I already have in those tokens. BUT, the longer this drift goes on, these little appetizer additions to my bags will ADD UP when everything comes back into play.
Crashes and drawn down periods are our best friends. This is the approach that made me truckloads of money in the last cycle and I want my readers to have similar success in this cycle! It's barely crypto summer time, we have the craziest upside moves you've probably ever seen coming just ahead of us. Next week? Next month? Who gives a $hit.....it will come when it comes. As long as the bull DOES come, moves/buys made in a market like we're in now will be extremely profitable.
Cheers, Eric
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Eric Muschinski
CEO/Founder
Phenom Ventures
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