The Next AI Crypto Gem: Is This MicroCap The PAAL AI Killer?

Across The Rubicon
23 Feb 202409:25

TLDRThe video script discusses the rise and fall of Doge Dash, a crypto game from the last bull market, and its lack of blockchain integration. It then transitions to the narrative-driven nature of the AI and Meta bull runs, highlighting the speculative nature of crypto gaming. The focus shifts to PAL, a project that gained popularity due to its AI and revenue-sharing features, despite some fundamental issues. The script also introduces Purple AI, a lesser-known token with similar functionalities but a smaller market cap, suggesting potential for growth. The narrative emphasizes the importance of influence and community in the crypto market, as well as the speculative nature of investments in AI-driven projects.

Takeaways

  • 🎮 Doge Dash was a popular crypto game during the last bull market, despite not having actual blockchain integration.
  • 📹 Players had to film themselves playing Doge Dash and send it to developers to receive a small amount of crypto.
  • 💸 Doge Dash had a market cap of around $400 million at its peak, highlighting the speculative nature of crypto gaming in 2021.
  • 🚀 The AI Bull Run and the Meta Bull Run are expected to be driven by narratives and speculation rather than fundamentals.
  • 🤖 PAL (People's AI) gained popularity after being endorsed by a well-known influencer, Crypto God John.
  • 📈 PAL's price skyrocketed from around 1 cent to 3.9 cents, a 4X increase, following an AI breakthrough by Sora.
  • 🔍 PAL offers various features like a crypto research agent, betting bot, and meme bot, but some functionalities are still in development or not fully accurate.
  • 📊 PAL has a fully diluted market cap of $342 million and a 4% buy-back tax, with 1% going to the team.
  • 🔵 Purple AI (Purple Square) is a lesser-known token with similar functionalities to PAL but a much smaller market cap.
  • 📈 Purple AI has seen a significant price increase but still has potential for growth compared to PAL's market cap.
  • 💡 The speaker suggests that smaller AI tokens with potential for growth, like Purple AI, could be attractive investments for those interested in the AI niche.

Q & A

  • What was the nature of the old Doge Dash game?

    -The old Doge Dash was a top crypto game during the last bull market, resembling a flash game with 10 levels. It was not a true blockchain game as it lacked blockchain integration; players had to film themselves playing and send it to developers to receive a small amount of crypto.

  • What is the significance of the Doge Dash's market cap during the last crypto gaming Bull Run?

    -Doge Dash had a fully diluted market cap of about $400 million, which was remarkable for a game that was not truly integrated with blockchain technology.

  • What does the term 'narrative trading' mean in the context of the video?

    -Narrative trading refers to the practice of buying or selling assets based on stories or narratives rather than on fundamental analysis or actual value.

  • How did Pal's token value increase after Crypto God John's involvement?

    -After Crypto God John tweeted about Pal and revealed he had been sent thousands of dollars worth of Pal tokens, the value of Pal skyrocketed from around 1 cent to 2.2 cents and then to 3 cents within a few days.

  • What are the main features of Pal's AI bot on Telegram?

    -Pal's AI bot on Telegram offers features like providing cryptocurrency prices, official social links, and a betting bot for sports events. However, it has limitations, such as providing incorrect information and not using AI for certain functions.

  • What is the dilution percentage of Pal, and what does it mean for investors?

    -Pal has a 79% dilution, which means there is still a significant amount of tokens that can be issued in the future, potentially affecting the value of existing tokens.

  • What is the unique feature of Pal's 4% cell tax?

    -Pal has a 4% cell tax, with 1% of that going directly to the team. This is unusual as most projects do not distribute a portion of taxes to the development team.

  • What is Purple AI, and how does it compare to Pal in terms of market cap and features?

    -Purple AI is a project that offers customizable personalized image-generating AI and blockchain tools, smart contract auditing, and a metaverse. It is similar to Pal in terms of features but has a much smaller market cap of $14 million, compared to Pal's $342 million.

  • What are the potential risks and opportunities of investing in AI tokens like Pal and Purple AI?

    -The risks include the projects being fundamentally clunky and the potential for dilution. The opportunities lie in the speculative nature of the market, where narrative-driven tokens can experience significant growth, as seen with Pal's meteoric rise.

  • What is the narrator's stance on the AI Bull Run and the future of gaming Bull Run?

    -The narrator believes that the AI Bull Run and the next gaming Bull Run will be driven by narratives and speculation rather than fundamentals, similar to the past trends observed in the crypto gaming market.

Outlines

00:00

🎮 The Legacy of Doge Dash and the Rise of Pal

This paragraph discusses the past popularity of Doge Dash during the last bull market, a crypto game that lacked blockchain integration. It highlights the game's simple design and the narrative-driven nature of crypto gaming. The paragraph transitions to the current AI and Meta bull run, emphasizing the speculative nature of the market. It introduces Pal, a project that gained attention due to its association with influential figures in the crypto space, such as John, who tweeted about it. Pal's rapid price increase and its features, such as a crypto research agent, betting bot, and plans for trading functionality within an app, are detailed. The paragraph also addresses concerns about Pal's market cap and development team's share.

05:01

🚀 Exploring Pal's Features and Comparing with Purple AI

The second paragraph delves into Pal's functionalities, including a Telegram bot that provides crypto information, official social links, and a betting bot. It also mentions upcoming trading features within the app. The paragraph then compares Pal with Purple AI, another AI-focused crypto project with similar functionalities but a smaller market cap. Purple AI's website, social media presence, and planned features, such as smart contract auditing, image generation, and betting on casino games or live sporting events, are discussed. The narrative contrasts the market performance of Pal and Purple AI, suggesting that Purple AI might offer a higher potential for growth due to its lower market cap and upcoming features.

Mindmap

Keywords

💡Doge Dash

Doge Dash is a crypto game mentioned in the video script, which was popular during a previous bull market. It is characterized as a simple flash game without actual blockchain integration. The game required players to film themselves playing and send the footage to the developers to receive a small amount of crypto. This example is used to illustrate the speculative nature of the crypto gaming market.

💡Blockchain

Blockchain is a decentralized digital ledger technology that records transactions across multiple computers in a secure and transparent manner. In the context of the video, it is mentioned that Doge Dash lacked true blockchain integration, which is a key feature expected in crypto games.

💡Narrative Trading

Narrative trading refers to the practice of buying or selling assets based on stories or narratives rather than on fundamental analysis. The video script suggests that the success of Doge Dash and other crypto games was driven by narrative trading, where the community's belief in the game's potential value was more important than its actual technical features.

💡Market Cap

Market capitalization (market cap) is the total value of all the shares of a publicly-traded company, calculated by multiplying the current market price of each share by the total number of shares outstanding. In the video, Doge Dash's market cap is mentioned as an example of the speculative bubble in the crypto gaming market.

💡AI Bull Run

AI Bull Run refers to a period of rapid increase in the value of assets related to artificial intelligence (AI), driven by investor enthusiasm and speculative trading. The video suggests that the next bull run in gaming, like the AI Bull Run, will be driven by narratives and speculation rather than fundamentals.

💡Pal

Pal is a cryptocurrency project discussed in the video, which gained popularity and value due to its association with influential figures in the crypto community. The project combines AI and revenue-sharing features, which are attractive to investors despite potential fundamental issues.

💡Influencers

Influencers are individuals who have the power to affect the purchasing decisions of others, often due to their large following or expertise in a particular area. In the crypto world, influencers like Crypto God John can significantly impact the value of a project by promoting it to their followers.

💡Copy Trading

Copy trading is a strategy where investors mimic the trades of experienced or successful traders. This approach is used in the crypto market to capitalize on the knowledge and skills of influential traders, as mentioned in the video.

💡White Label

White labeling refers to the process of branding a product or service made by one company as if it were made by another. In the video, Pal's ability to create white-label bots is mentioned as a feature that allows users to customize the bot's branding for their own communities.

💡Purple AI

Purple AI, also known as Purple Square, is another cryptocurrency project mentioned in the video. It focuses on customizable AI and blockchain tools, including smart contract auditing, image generation, and a metaverse. The project is compared to Pal in terms of its potential and market cap.

💡Undervalued Cryptos

Undervalued cryptos are cryptocurrencies that are believed to be worth more than their current market price. The video encourages viewers to look for such opportunities, suggesting that they may offer higher potential returns compared to more established projects.

Highlights

Doge Dash was a popular crypto game during the last bull market, despite not having actual blockchain integration.

Players had to film themselves playing Doge Dash and send it to developers to receive a small amount of crypto.

Doge Dash had a market cap of around $400 million at its peak.

The AI Bull Run and the Meta bull run are expected to be driven by narrative and speculation rather than fundamentals.

PAL AI's rise in value was influenced by crypto influencer John's endorsement.

John became an advisor for PAL and promoted it on Twitter.

PAL combines AI and revenue share back to holders, which are two of John's favorite market components.

PAL's price surged from 10 cents to 39 cents, a 4X increase.

PAL has a fully diluted market cap value of 342 million and a 4% sell tax.

PAL offers a crypto research agent, a betting bot, and plans to have trading functionality within the app.

Purple Square (Purple AI) was recommended by a community member and has similar functionalities to PAL but a smaller market cap.

Purple Square aims to pioneer customizable personalized image generating AI and blockchain tools.

Purple Square plans to offer smart contract auditing, image generation, and a betting feature within their app.

Purple Square's market cap is significantly lower than PAL's, offering potential for growth.

The speaker has invested in Purple Square, seeing it as a potentially better investment than PAL.

The speaker invites viewers to share their thoughts on AI tokens with a market cap under $10 million.