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In this episode of Hot Topics on the Edge of NFT, Richard and Josh discuss the implications of declining Bitcoin social sentiment, J.D. Vance's nomination as Trump's VP and its potential impact on crypto policy, the rise of the mobile game Hamster Combat, and what to expect at Token 2049 Singapore. They emphasize the importance of unique experiences at blockchain events and the growing interest in the crypto space.
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Key Topics Covered:
- Bitcoin Social Sentiment and Market Trends: The decline in Bitcoin's social sentiment may indicate a market bottom, with analysts suggesting a potential recovery as weak miners exit and the hash rate stabilizes.
- Hamster Combat Game: Hamster Combat is rapidly gaining popularity as a blockchain-based mobile game, combining strategic gameplay with competitive battles and allowing players to earn real crypto rewards, attracting over 300 million downloads.
What was your favorite quote or lesson from this episode? Please let us know in the comments on YouTube. https://www.youtube.com/@edgeofnft/
Episode Highlights:
- "What's interesting here is the consolidation period that tends to happen after a halvening has taken longer than it has in the past." - Richard Carthan (00:01:46)
For the full transcript, see further below.
People and Resources Mentioned:
- JD Vance Website
- Donald Trump Webiste
- Bitcoin Nashville 2024 Webiste
- Token 2049 Website
- Hamster Kombat Website
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Full Episode Transcript:
Richard Carthon: Welcome to Hot Topics on the Edge of NFT. I'm Richard Carthan. I'm here with Josh Krieger, and we're diving into the latest and most exciting developments in the world of Web3, blockchain and digital assets.
Josh Kriger: It's another production of the Edge of Company, a quickly growing media ecosystem empowering the pioneers of Web3 tech and culture.
Richard Carthon: Today, we'll discuss how Bitcoin social sentiments decline may signal the market bottom and the nomination of J.D. Vance as vice president running mate to Donald Trump and the possible impact on blockchain space. Then we'll tackle Hamster Combat, one of the fastest growing mobile games in the history of blockchain. And finally, what you can expect at Token 2049 Singapore this year.
Josh Kriger: It's time to dive in.
Richard Carthon: All right, well, first up, we're going to talk about the decline of Bitcoin social sentiment. Analysts say that this could signal a market bottom.
Josh Kriger: Yeah, there's been a shot drop in the bullish sentiment recently, and this type of bear sentiment has actually declined more slowly. And this sounds like the beginning of a potential reversal.
Richard Carthon: Yeah, the way I'm looking at this, and what, of course, drove a lot of this downward sentiment is the price of Bitcoin going down, which we kind of spoke on last week, which had to do with Germany selling a ton of its Bitcoin. You also had Mt. Gox giant selloff going on there. But we've also recently seen a reversal since last week when we talked about this. Bitcoin went all the way down from $54,000 all the way back up to $64,000. So it's been a sharp reversal since we actually came on and talked about Bitcoin.
Josh Kriger: Yeah, what's interesting here is the consolidation period that tends to happen after a halvening has taken longer than it has in the past. It's been about 61 days as we're recording this compared to 24 days and 17 and eight days in 2021. So analysts here feel like the Bitcoin price will recover after the weak miners die and the hash rate recovers. And that that sort of will stabilize the network computing power and things will get interesting from here. Of course, you know, at the macro level, some of the other hot topics we'll cover today, like, you know, JD Vance's position on Bitcoin, how that may influence a presidential run for for that pair with Donald Trump, as well as Bitcoin Nashville coming up, might also from a, you know, more of an emotional sort of macro sentiment, also kick into high gear with the technical read on the market that analysts are sharing.
Richard Carthon: Yeah, let's stay there for a minute, because I think this really does tie into our first article that we are talking about. So JD Vance just got nominated as Trump's VP running mate. And there's a lot of implications that that could come with him being the running mate for both crypto and Web3. As you know, or as it's been announced, we are going to Bitcoin Nashville next week. And one of the speakers that is supposed to come and speak is President Trump.
Josh Kriger: Yeah, what's really interesting about J.D. Vance is that he's a bit of a libertarian. He spoke last night at the Republican National Convention. Of course, I was looking for, as many were, some indications of his policies on crypto. And we didn't really get there. It was more of him sort of letting folks get to know him as a running mate for Trump. I think a lot of the juice in terms of where their stance falls out, we're going to hear about in Nashville next week. Trump is scheduled to speak there and I anticipate JD Vance will be in town as well. And since he has more of a background in this topic, you know, he will probably have a lot of influence on Trump's talking points for Bitcoin Nashville.
Richard Carthon: Yeah. And to that point, I've been on Twitter today and there's been some source links that one of the conversations that will be discussed when Trump comes on stage is announcing a U.S. a U.S.A. Bitcoin strategic reserve, which obviously could be huge news for the industry. Well, we'll see that that is hearsay at this point, but it's definitely bringing a lot of attention to what's to come out of Bitcoin Nashville.
Josh Kriger: Absolutely. And speaking of capturing attention, Richard, let's talk about Hamster Combat, because I downloaded it, like, like many folks, it's definitely caught a lot of attention and gotten folks to rethink about the possibility of some sort of mobile gaming, within sort of messaging, like Telegram.
Richard Carthon: Yeah, so what's been really cool for all those who don't know yet about Hamster Combat, it's a new blockchain-based clicking game that combines strategic gameplay with competitive PVP, person versus person battles. It's built onto a network, and the game allows for players to earn real crypto rewards based on their hamster's performance. It's a play-to-earn model that incentivizes active participation, and they are getting a lot of active participation. I think they're one of the fastest growing games to ever come out. I believe they've gotten over like 300 million people to download and use the app, which is insane.
Josh Kriger: Wow. So yeah, the stats just keep getting bigger. Um, what they've done is they've gamified the process of starting a project in the space and they're educating people about, um, not only, uh, the ton ecosystem, but about blockchain projects and how they work, the marketing you need, the legal, the support you need from the exchanges, which is pretty interesting. And then, of course, they're onboarding as well, because to get extra perks, you have to integrate your TUN wallet. So I think this is catching a lot of attention from a user experience perspective, and we can anticipate, you know, others are going to sort of emulate these best practices in the space. And I see sort of a renaissance of Telegram-based gaming. but also just broader messaging based gaming kind of reminds me back in the days of when Facebook actually allowed you to have in-app games before that whole process got shut down. I'm not sure if you remember those early days of Facebook, Richard.
Richard Carthon: Yeah, lots of games coming out like Farmville and several others that just took off and people spent a ton of time on. But this one is one that is captivating people not just in Web 3, but just generally out there, which I think is really interesting because it's fun, that crossover. But we'll see if it's able to sustain itself with this hype and awareness. But on the subject of hype and awareness, There is a conference that a lot of people in the West aren't necessarily as familiar with attending, and that's Token 2049. And we went last year in Singapore, and we're going back this year. And last year was pretty epic, but they have even more pretty epic things going on this year. Josh, you want to talk about some of those things?
Josh Kriger: Sure. Worth disclosing, we are a media partner, and this content is part of that partnership. I'm happy to be a media partner for the third year in a row. I think we can anticipate some record-breaking numbers this year. They're looking at about 20,000 attendees from 150 countries. When you think about that type of audience and how you keep moving the needle and making things interesting, they have definitely put some thought into that. They have interactive virtual reality zones, AI art experiences, indoor rock climbing, competitive grade, paddle cage football and mixed martial arts activity. So I don't know what all that means. I'm going to definitely let the folks that have gone to jiu jitsu practice get in the ring there, but I'm definitely going to watch. I'm a big fan of MMA. And I like the direction. I think we talk about sort of the need to consumerize blockchain events and to make them more of an experience. That's something that's very important to us, the edge of the company, and appreciate what the token 2049 crew is doing with all these unique experiences, given so many folks are in town.
Richard Carthon: Definitely. And creating those unique experiences are something that adds to the full experience for the attendees. But something that I appreciated was how many exhibitors they have. So I think they're anticipating over 400 exhibitors this year, which for anyone who's attended a conference, that's a lot. That's very impressive. But each of these exhibitors have different types of activations and have They're from all over the world. So the thing that I do appreciate is that over the course of several days, you can go and learn about companies that you've either never heard of before or some that you've seen around and want to be able to dive deeper into. It's a really great opportunity to be in real life, put a face to a name, meet some of the people you want to be potentially trying to work with and create those experiences while also meeting other just amazing attendees along the way.
Josh Kriger: I think the timing of this year's event is particularly important. September, the third week of September, we're right in sort of what folks would predict to be the heart of the market sort of upward movement. And a lot of sort of anticipation is going to happen around this event. It's going to be difficult for folks to cut through the noise and make their voices heard. there. Of course, we're there to help. We'll be doing a lot of media coverage and capturing these moments for our listeners. So if you can't get to Singapore, which I encourage you to try to do, definitely tune in to our coverage. And with that, That's a wrap for today's Hot Topics. We've covered the recent signals on Bitcoin's price, JD Vance's potential impact on U.S. crypto policy if Trump is elected, the fastest growing mobile blockchain game in history, and what to expect at this year's Token 2049.
Richard Carthon: So there you have it, a packed lineup of topics. What do you think Trump's crypto policy will look like? Are you more into rock climbing or paddling at Token 2049 Singapore? We're eager to hear your take and to get the conversation flowing. Stay tuned.
Josh Kriger: Share your thoughts in the comments or on social media. Your voice shapes the space. Stay curious, stay secure, and keep pushing Win3 boundaries. This is Josh and Richard signing off from Edge of NFT. Catch you on the flip side of the blockchain.
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