WEBVTT 00:07.600 --> 00:10.940 The Monero Topia price report segment is sponsored by 00:11.640 --> 00:16.640 ExoLix a privacy focused non custodial instant crypto exchange 00:17.720 --> 00:25.020 Go to exo list comm to enjoy secure and completely anonymous swaps with no KYC or spinal 00:25.020 --> 00:31.640 Swap between Monero and 2000 plus assets at the most competitive rates and with no limits 00:32.320 --> 00:36.980 ExoLix comm your fast and secure way to privacy. Hey, good morning 00:38.520 --> 00:40.400 Morning, good morning GM GM 00:42.800 --> 00:49.940 Man, I'm seeing my price target. It feels so far away now. It's it felt so felt so close like a week or so ago now 00:49.940 --> 00:52.860 Yeah, well, I mean, you know 00:53.460 --> 00:58.140 It's weird actually the rest the rest of the crypto market was kind of pumping this week and we took a big 00:58.140 --> 01:00.480 What the fuck? 01:01.060 --> 01:05.880 Unbelievable right like Monero Monero is more popular known than ever 01:06.400 --> 01:12.880 Entire market goes up and Monero. It's giving us time to buy so I see this happen correct me if I'm wrong 01:12.880 --> 01:17.860 But I I feel like I anecdotally see this happen a lot where the market pumps 01:17.860 --> 01:25.040 Monero kind of sits back and then like a few days a week later then Monero seems to like also pump 01:25.700 --> 01:28.920 Yeah, it's the pump when nothing else moves, right? 01:28.920 --> 01:30.680 Yeah, well nothing else. It's giving you time to buy 01:32.580 --> 01:34.980 Yeah, I mean giving us a long time to buy 01:35.760 --> 01:38.540 We've had these dips that have been happening and look like it's another one 01:38.540 --> 01:43.460 Right if you if you're trying to refill some bags if you've been spending Monero, you need to top up those bags 01:43.460 --> 01:45.880 Hey, it's a good time to do it 01:46.540 --> 01:50.840 True although I always feel like I always feel like a maxi when I'm like that's good now 01:50.840 --> 01:53.260 I can just buy more. It's like, okay 01:53.260 --> 01:58.140 Like price pumps. It's like I told you so and then if it dips, they're like, oh, well, you know 01:58.140 --> 02:01.700 We cans bro. He's got we cans and I'm gonna buy more now. Ha ha 02:03.520 --> 02:10.240 Total cope, but it is true man. I mean that that's my mindset, right? Just just build earn 02:10.240 --> 02:15.240 Build it like you're watching just use it. You're watching the utility of it grow 02:15.240 --> 02:19.360 So if you're focused on that you're excited and you feel like you're winning, right? 02:19.360 --> 02:24.280 If we if we were looking at this and like, you know, ah, nobody's using Monero, you know 02:24.280 --> 02:29.840 Dark markets not using Monero. You know, that would be tragic days 02:30.520 --> 02:37.300 But it's the opposite more and more people go on XMR XMR bizarre is is getting is getting some traction 02:37.300 --> 02:41.080 It's getting some traction like that. That is exciting to me 02:41.080 --> 02:48.380 Obviously, I mean what the price to go up but when you're focused on that element it the chart just looks like it's been 02:48.380 --> 02:54.400 You know going up and up and up and up. Yeah, I don't know. Maybe maybe I'm maybe I'm just like 02:55.300 --> 03:02.720 Misinterpreting that I wish we had some some better stats on that. It just feels anecdotally that there's more and more adoption happening 03:03.420 --> 03:06.720 Obviously XMR bizarre showing that it feels that way 03:07.380 --> 03:11.320 We don't see it too reflected in the transaction counts like lately 03:11.320 --> 03:17.500 Yeah, I'll bump up above 30,000 35. We're kind of headed back down now. Maybe that's a price thing where I 03:17.500 --> 03:23.160 I don't know some people got some gains. Everyone was buying Monero during the down times and now people are taking profits 03:23.160 --> 03:25.300 Maybe it's off lot. I don't know 03:26.040 --> 03:33.040 Yeah, it's incredible that the the actual usage hasn't kicked into the point yet where it's reflected more in the trend 03:33.040 --> 03:39.780 It feels like if right, it feels like like transaction count is more affected by like price than usage 03:40.380 --> 03:43.160 for what we feel is like genuine usage like 03:43.160 --> 03:46.240 It we haven't grown to that point yet 03:46.240 --> 03:52.280 I feel like where the genuine usage of people sending peer-to-peer transactions is starting to really 03:53.020 --> 03:58.280 Boost the transaction count if that makes I think it's undeniable the amount of speculators and 03:58.280 --> 04:00.760 investors in the crypto industry is like 04:01.440 --> 04:03.580 vastly outweighs the amount of people that actually 04:03.580 --> 04:07.300 Rows it regardless of whatever coin it is. So 04:08.600 --> 04:10.340 So they'll be that day 04:10.340 --> 04:14.460 I guess we won't know when it happens, but where actual like real transactions 04:15.680 --> 04:18.300 Become a higher percentage of the network than 04:19.300 --> 04:19.740 speculators 04:21.260 --> 04:22.160 Yeah, I mean it 04:22.160 --> 04:26.940 Ideally we should see these transaction counts slowly climb over time 04:26.940 --> 04:30.020 It's more and more people adopted more and more people start using it for payments 04:30.020 --> 04:31.840 Even if it's just gift cards, right? 04:32.420 --> 04:36.340 What we want to see is people well, we want to see we want to see new adoption 04:36.340 --> 04:40.940 But we also want to see the rest of the crypto market for their gift cards and all that other stuff 04:41.780 --> 04:46.020 Travalla, etc transition into Monero just because like hey, why not? 04:46.240 --> 04:50.420 Like why wouldn't you have privacy? Look at what everything the government is doing is like 04:50.900 --> 04:56.560 It's slapping you in the face here for the past like six months for the past year about all the kinds of crazy stuff 04:56.560 --> 04:59.100 They're doing so it's like why wouldn't you just use Monero? 04:59.220 --> 05:03.780 You don't have to think about the privacy. It's basically better than everything else out there, but 05:04.300 --> 05:09.060 So far like it we have we just haven't seen that reflected to a great extent in our transaction counts 05:09.620 --> 05:14.020 You know, maybe it's just the long game, right? Maybe this we just have to keep doing this for the next few years 05:16.060 --> 05:21.400 Xomarchat.com like we were saying like I'm saying oh imagine if we we got a you know a thousand super chats per show 05:21.400 --> 05:25.880 Right like all right that might be a little far-fetched, but what isn't is if you know large 05:26.920 --> 05:30.220 Podcasters with large followings start moving over to you know 05:30.220 --> 05:37.840 We maybe we get that first like libertarian podcaster who's a little little bit not you know on the on the not normie edge 05:37.840 --> 05:42.840 It was like oh, I'm gonna try out Xomarchat if you get enough of those. I mean 05:43.520 --> 05:43.960 get 05:44.420 --> 05:51.040 Getting a thousand transactions per day just by Xomarchat alone. It's conceivable in my mind 05:51.520 --> 05:55.720 That would be amazing like it would also be really cool because you'd be able to tell us 05:55.720 --> 05:59.400 What percentage of the total transactions were from Xomarchat, right? 05:59.400 --> 06:01.740 We would that that's a statistic we would be able to track 06:04.260 --> 06:04.780 Sackler 06:06.600 --> 06:07.120 Sackler 06:08.700 --> 06:16.020 Alrighty, I just wanted enough cope. Tell us tell us the price. I 06:16.020 --> 06:23.140 Just wanted to comment on tuxes old-school podcasting studio. This is the kind of podcasting studio your grandparents used 06:23.140 --> 06:24.560 Back on the day 06:25.080 --> 06:26.880 Thank you. Yes. It's very nice 06:27.380 --> 06:30.000 It is actually pretty cool. Yeah, it looks cool 06:31.180 --> 06:34.920 Okay, so um, yeah, we've got the Menero chart setting in front of us here. We got it back 06:34.920 --> 06:37.580 I think we even talked about we said hey, you know 06:38.480 --> 06:44.600 There could be nefarious entities still out there that might do nefarious things to try and keep the price 06:45.220 --> 06:49.800 From going up, right? Don't don't expect that necessarily that this is a moment to break out 06:49.800 --> 06:54.060 Although right could be which is terribly non-specific and non-committal. I know 06:54.060 --> 06:54.640 Um 06:55.320 --> 07:00.820 It is it does raise an eyebrow here that Menero has dropped significantly to the tune of 11 percent 07:01.500 --> 07:03.820 While everything else basically either was flat or went up 07:04.320 --> 07:07.960 Um, but it is what it is, you know, whatever. That's fine. Um 07:07.960 --> 07:12.120 Just another opportunity to maybe everybody's moving over to Darrow 07:12.700 --> 07:13.020 Is 07:14.380 --> 07:16.040 Please it's not even a question 07:17.660 --> 07:22.160 In fact, maybe that's what changes to Darrow. Topia. He's changed the name. It's over 07:23.640 --> 07:25.860 Since Menero is so traceable 07:26.420 --> 07:28.280 That's right. Oh, it's it's perfect 07:28.780 --> 07:31.200 Yeah, they've got there's those visuals out there 07:31.200 --> 07:35.940 You know on twitter and they just like saying all this nonsense. I'm like, bro. Come on. What's up with that? 07:36.500 --> 07:39.980 All right, they follow me. So I don't want to like I don't want to like 07:40.580 --> 07:45.520 Crap on Darrow too badly, but it's also I know I know it's like but it's so annoying 07:45.520 --> 07:51.560 It's like Jesus christ guys like you're getting crushed like your your project has been completely 07:52.160 --> 07:57.620 destroyed and then you're sitting here trying to throw throw stones at Menero. It's like, what are you doing? 07:58.180 --> 08:04.900 Just be I've always said this about them if they could just be a little bit more open and honest about their project and like they would 08:05.540 --> 08:10.460 People might actually show some interest towards it, but their their attitude is like 08:11.040 --> 08:12.780 They just look like complete numbscalls 08:13.800 --> 08:16.940 Well, if it was that like so there's a lot of them that are like that for sure 08:17.380 --> 08:22.880 There's a few of them out there like the Darrow shills that are also like very pro-menero and they engage in a positive manner 08:22.880 --> 08:23.480 so it's like 08:23.900 --> 08:26.540 Like they talk about Darrow like I'll read one of their posts, right? 08:27.420 --> 08:31.960 And um, and I'll be like, oh, that's a good post. Uh, and then they're like and also Darrow blah blah blah 08:31.960 --> 08:34.740 And I'm like I now I can't like the post. I'm sorry, bro 08:35.300 --> 08:40.200 Unlike or I might have like liked it in the first half and then unlike the post reading the second half 08:41.000 --> 08:45.040 Yeah, Kevin saying that tech leak guy created the fun. Yeah, we've had him on this show 08:45.040 --> 08:48.340 I I recommend you go watch that one. It was it was amazing 08:49.280 --> 08:49.740 um 08:49.740 --> 08:54.000 It technically blocked me or yeah, he weren't apart by Luke Parker 08:54.560 --> 08:59.740 Oh, yeah, that's right. I remember that holy crap. That was um, that was brutal over him. Obviously 09:00.840 --> 09:05.360 Yeah, this is the Darrow chart right here in front of us. They've they've also come down to the tune of 09:05.360 --> 09:07.480 I guess from the wick. What are we on the daily? 09:08.140 --> 09:13.700 Yeah, they've come down about 21 but they actually had a nice bump here. It's actually do x mr divided by 09:16.420 --> 09:16.780 Darrow 09:18.120 --> 09:23.120 My uh, I lost the the e-key on my keyboard and I can't actually replace it. Hey, what the hell? 09:23.900 --> 09:29.440 Maybe I just can't look at this one x mr usd divided. Oh, I bet you Darrow isn't even on the crypto 09:30.680 --> 09:32.860 Darrow is probably not even on the on the crypto list 09:34.000 --> 09:38.180 Um, yeah, so we've been pumping against Darrow a little bit of a drop here lately 09:39.140 --> 09:42.780 35 percent. Yeah, I mean but Darrow. I mean, obviously it's moving massive 09:43.440 --> 09:44.300 percentages since 09:45.560 --> 09:51.760 You know since basically since down here, right? This is x mr versus Darrow does this x mr is doing better than Darrow 09:51.760 --> 09:53.600 Obviously, that's from the Darrow 09:54.220 --> 09:59.580 Crash or whatever. Um, all right. Anyways enough about Darrow. Let's go back to uh, let's go to minaret here 09:59.580 --> 10:02.480 And see what we got with the bitcoin to minaret ratio 10:02.480 --> 10:09.640 Unfortunately, you know, obviously with bitcoin pumping a little pumping would be a strong word bitcoin gently moving towards the upside 10:10.000 --> 10:16.460 Uh, minaret gently moving towards the downside those two compounded kind of a stump in the x mr usd ratio 10:17.040 --> 10:24.080 Um, let's take a look here again. I'm not sure if you can see that but this line right there is the very very long term lower standard deviations 10:24.080 --> 10:30.460 We are now below that. Okay, that's not great, but I don't know if I believe that necessarily any that's real 10:31.360 --> 10:31.800 Um 10:32.340 --> 10:36.040 Oh, you know when we talk about nefarious people doing things to the price 10:36.040 --> 10:37.760 We always talk about price divergences 10:38.600 --> 10:41.300 Although nothing to see here. This chart doesn't give us anything 10:41.840 --> 10:46.940 um, polo is kind of a little bit more schizophrenic than everyone else oscillating between minus one and a half and 10:46.940 --> 10:49.900 Maybe plus one and a half percent relative to kraken 10:50.400 --> 10:52.260 Um, but yeah, nothing nothing to see there 10:52.720 --> 10:56.340 Uh, but ever versus gold. Yeah, we're going to look at a few charts versus gold today 10:56.780 --> 10:59.600 Um, you know since gold is the the bell of the ball right now 10:59.600 --> 11:04.580 Um, yeah, so minaret has had a little bit of a dip related to the gold price 11:05.100 --> 11:09.940 Um, it's not huge right? This is the glee chart. So this is a long time frame. Um, but yeah 11:09.940 --> 11:13.720 I mean it makes sense right gold's pumping minaret's flat. So we've got a little bit of a drop here 11:14.180 --> 11:17.760 At this moment this chart really to me feels like 11:18.240 --> 11:22.620 This chart really feels to me like it wants to occupy this zone for a period of time 11:22.620 --> 11:27.980 So I wouldn't necessarily expect minaret to take off relative to gold anytime soon 11:27.980 --> 11:30.640 I might even expect um expected to drop some more 11:31.140 --> 11:37.800 So, you know that let's go ahead and go look at the gold chart because um because gold did break a very very long-term 11:37.800 --> 11:42.140 Resistance trend line now when I say break, you know, I'll be careful when I about that 11:42.140 --> 11:46.880 I don't exactly mean that it's a confirmed break, but it definitely poked its head above this very very long-term line 11:46.880 --> 11:51.640 Let's go to the monthly. We looked at this last week, but this is um, it's actually a very simple line 11:51.640 --> 11:53.640 We have three connection points finally 11:54.240 --> 11:58.760 But it's such an easy easy big broad line to draw. So this is back from 1980 11:58.760 --> 12:02.660 That's where we connect the first point and then the 2011 blow off top for gold 12:02.660 --> 12:05.600 We connect the next point and then we have finally touched that again 12:05.600 --> 12:08.460 So this basically constitutes a rising wedge 12:09.020 --> 12:11.500 Formation and this thing is going to break towards the upside 12:11.500 --> 12:15.880 But as we've talked about so many times before look at the dates down here, right? 12:16.020 --> 12:19.840 That's this thing might take until the end of the decade to actually break above 12:20.440 --> 12:23.040 I don't think it's necessarily going going to take that long 12:23.040 --> 12:27.680 But from just the pure pattern of this chart it could take until the end of the decade, right? 12:27.680 --> 12:30.980 We could have five more years before this thing actually breaks breaks out 12:31.520 --> 12:36.620 Truly truly breaks out. However, I don't think that's going to be the case. I think that um, there's a good chance 12:37.260 --> 12:43.160 That this thing so notice this wick right here. We've already wicked. So the weekly close was right at the line 12:43.860 --> 12:47.900 Um, but the wick got above the line. We actually talked about this last week, too 12:47.900 --> 12:48.860 We said hey 12:48.860 --> 12:55.040 If this thing is going to be bullish and communicate a good chance of breaking sooner rather than later expect to wick up 12:55.460 --> 12:59.000 Maybe for it to come back down do this for a little bit and then to break again 12:59.400 --> 13:05.180 Um, or if it just continues with strength next week and kind of does this and then find support down there 13:05.180 --> 13:09.100 Holy crap. That's the time to put a shitload of money into gold because I mean the thing's just gonna 13:09.620 --> 13:13.280 That kind of chart pattern is like a classic, you know, you break a thing with strength 13:13.280 --> 13:17.680 You come back you test it sellers whatever and then and then you just you you pounce to the upside 13:17.680 --> 13:21.940 Um, so that could be in the cards for gold here that that legitimately could be 13:22.640 --> 13:26.920 After that my next eyeball area would be its purple line and you'll notice this purple line 13:27.440 --> 13:32.600 So again, um, this is like the standard deviation of the moving standard deviation 13:33.140 --> 13:34.540 Which is a bit of a mouthful 13:34.540 --> 13:37.140 I like to call it standard deviation prime because it kind of mimics 13:37.140 --> 13:41.120 Um derivatives where you have like your derivative and your derivative derivative prime 13:41.620 --> 13:47.720 It's a concept. I think I invented. I don't know. Maybe there's some math genius out there that did it before me decades ago 13:47.720 --> 13:50.780 Whatever, um, please don't kind of don't take that as