📝 Video Summary
Crypto Market Evaluation and Privacy Narrative
Ran assesses the current crypto market as experiencing a "sideways chop," causing a shakeout of many investors. While this can be frustrating, he believes it aligns with his prediction of a correction ending when the majority believes the bull market is over. He anticipates a potential final run or a significant rally sometime in December, possibly coinciding with a period when many people are on vacation.
He highlights the current sentiment is turning bearish, and the Fear & Greed Index is entering fear territory. He believes that the market is disjointed, as the price action does not reflect the positive developments happening in crypto, such as institutional adoption and the end of major conflicts. He points out that the S&P 500 is at all-time highs, while crypto is struggling. He also mentions the launch of a Solana ETF with significant inflows, showing institutional interest.
The Privacy Narrative
Ran emphasizes the privacy narrative as the only sector performing well during the sideways chop. He believes privacy is crucial for crypto adoption, especially with the changing views of the current administration, which supports financial privacy. He provides a list of privacy tokens to consider for a portfolio.
Why Privacy Matters
- Bitcoin's initial design lacked privacy due to the need to avoid the double-spend problem, which required transparency.
- Full transparency is problematic because it exposes financial history and balances.
- Institutions value privacy, and mass crypto adoption is unlikely without it.
Zero-Knowledge Proofs (ZK)
Ran explains the concept of Zero-Knowledge Proofs (ZK) as a key technology in privacy. ZK allows proving something without revealing the underlying information. He uses the example of verifying age without showing an ID. ZK is essential for compliant privacy in crypto.
Privacy Tokens Tier List
Ran presents a tier list of privacy tokens and discusses their potential:
- Zcash (ZEC):
- Ran considers Zcash a representation of the original Bitcoin values.
- It's Bitcoin but private. Uses Zero-Knowledge Proofs.
- Allows shielded and non-shielded transactions, making it compliant.
- Ran is actively buying Zcash, viewing it as a long-term investment.
- He believes Zcash has significant upside potential, and it's like "buying Bitcoin at $300."
- Near Intents enables easy swapping in and out of Zcash.
- ZK Sync (ZK):
- It is a Layer 2 protocol on Ethereum.
- ZK Sync is like the Ethereum. Allows you to program the money.
- Allows institutions to create ZK-encrypted sidechains.
- The Atlas upgrade brings 15,000 transactions per second and 0.8 seconds finality.
- The upgrade enables sharing liquidity between Ethereum Layer 2s.
- Ran called ZK Sync in Front Runners at 31 cents.
- Gravity Dex, a DEX built on ZK Sync, is offering an airdrop opportunity.
- Starknet (STRK):
- Similar technology to ZK Sync.
- Starknet is great, but slower and more expensive.
- It has its own programming language, Cairo.
- Finality time is ~8 hours.
- Canton (CC):
- Designed for institutions, offering privacy.
- Uses a network of "cantons" (chains).
- Not launched yet, but Ran recommends watching the chart and aiming to buy around $0.1.
- It is designed to give the institutions what they need.
- Coti (COTI):
- Working on Garbled Circuits technology, which protects the *logic* instead of just *visibility*.
- It is a programmable privacy.
- Prevex, a private DEX, uses Coti's technology.
- Arum (on Solana):
- A privacy layer on top of DApps.
- Railgun (RAIL):
Fully Homomorphic Encryption (FHE) vs. Coti's Garbled Circuits
- FHE: Allows computations on encrypted data, but is slow and expensive.
- Coti's Garbled Circuits: Offers similar functionality, but is much quicker.
Overall Strategy
Ran encourages viewers to consider building a privacy-focused portfolio. He advises joining Front Runners for market insights and trade ideas, especially in a sideways market.
Alerts
- ZEC;{{price}} ;Ran: Buy Zcash.
- ZK;{{price}} ;Ran: Buy ZK Sync.
- CC;{{price}} = 0.1;Ran: Buy Canton.