Hola, bom noite viewers of the tube!!
It’s your boy coming to you guys once again from the stunning streets of Portugal once
again & I’m ready to bring the house down today, not just any house either…the White
House….so are you ready for some presidential news that involves cryptocurrency!?
Well salute those stars, because it’s time for Chico Crypto!
Well let’s talk about Bitcoin, as the price has been doing up, down, and now on the way
back up again!
Pulling out the 7 day chart, the price was up…and last Wednesday, it went on fire…Pumping
all the way up to 67 thousand..but then it started to dip and dip hard.
By the end of last week, on Sunday, it had fallen all the way down to 60k support.
From the top Wednesday to bottom Sunday was a 5 day loss of over 10 percent.
The ole rugger was pulled after the hype of crossing our old all time high died down,
and I was pretty damn spot on with my prediction that this was going to happen.
Not exactly, but pretty dang close…let’s listen to what I had to say last week!
So, it didn’t DIP from 70k to 63k, a 7k fall… but dipped from 67k to 60k.
A 7k fall.
I wasn’t spot on with where it would dip from and to, but was spot on with the amount.
So where are we going to go next?
Well we are turning towards the end of the month, October, and it’s been a superbly
bullish month already.
We went from around $47,100 October 1st to just above 63k as of yesterday.
That’s an over 33 percent gain…
Now if we compare those October gains with previous years, we can see the 33 percent
PUMP would make this 2021 month, the 3rd highest October pump ever!
The only 2 other years it would be behind, is the 48 percent gains set in October of
2013 and 2017.
What’s special about those years?
Those were the years where Bitcoin went into Parabolic runs, just before an extended bear
market.
The 2013 RUN was where BTC hit a high of near 1200 dollars, and the 2017 RUN where Bitcoin
hit a high of near 20 thousand dollars.
We are in the midst of another Parabolic run.
So is Bitcoin going to match those years?
Hitting a 48 percent gain in October?
Well guess where the price would be if so?
A 48 percent gain from the price October 1st, which was about $47,100 would be….70 thousand!
The more things change, the more they stay the same & me thinks this last week of October
could get hot once again, pushing BTC up to that level!
What does this mean though?
BTC pushing up to new highs, and then settling in around 70k?
Another big Alt Season would BEGIN!!
But there is another indicator telling me another parabolic Altseason is coming…and
that is Chainlink!!
If you haven’t noticed lately, that stinky linky has been pumping and a pumping nice!!
Chainlink since Last Tuesday has gone from $23.71 cents, to as Monday of this week $31.38
cents.
That’s just a pump of over 32 percent…
So if you didn’t know, Chainlink is a laggard, which goes parabolic kicking of altcoin bullruns.
The price takes some time to get moving, but when it does, it captures the attention of
the entire markets, and sets the stage for the others to really get moving.
This has happened in the past on a more than a few occasions.
Do you remember the DeFi summer bubble of 2020?
Well checking out a chart of TVL back then, it started to take off in June and July, but
by August it started to go parabolic.
Now pulling out the price chart of Chainlink, we can see Chainlink pumped a bit in June
and July of 2020, but in August it went wild, helping set the stage for other DeFi alts
to shine, and capture TVL…
So why is this?
Well Chainlink is an integral part of DeFi, as almost every DeFi protocol out there utulizes
there oracles for accessing data, and beyond!
Checking out a graph of Chainlink integrations, they have broken 800, and as of early October
sat at 839.
Their next closest competitors, Berry Data and Band sit at just 84 and 72 integrations.
Now how much of DeFi is secured by Chainlink?
Well Mr. Chainlink God himself just talked about this a couple of days ago.
He said “The #Chainlink Network provides a wide range of decentralized services securing
over $75B TVL.
That's more than many individual blockchains, in comparison: in which he lists these blockchains
to compare.
Chainlink is securing more than blockchains itself, but you really see the impact when
you look at DeFi pulse, and DeFi TVL.
As we can see total TVL across the top DeFi apps and platforms just crossed 100 billion
once again, so with Chainlinks 75 billion TVL, chainlink is securing 75 percent of DeFi…
So, what I’ve been saying for years, some of the other tubers are starting to agree.
Like Benjamin Cohen tweeted “$LINK is criminally undervalued”
Although, there is another crypto who is criminally undervalued, and they had some of the biggest
news this space has ever seen, and not too many noticed…but before we get into that,
it's time for the sponsored segment of this video brought to you by The Tango Bulls IOTA
Advocacy Group… and like always, the details of our arrangement can be found in the description…
The Blockchain Trilemma, a term coined by Vitalik Buterin, addresses the challenge in
creating a blockchain that is scalable, decentralized and secure without sacrificing any facet.
Many projects are in pursuit of this perfectly harmonized scenario, but one massive OG crypto
project you probably haven't heard from in a while has solved the trilemma and are now
proving it - and with their latest announcement it's clear a sleeping giant has just been
awakened and things are about to get interesting…
IOTA, led by co-founder Dominik Schiener and the IOTA Foundation, are more than crypto
OGs, they’re pioneers!
In 2016 they were the first to introduce a DAG protocol which they call the Tangle, an
alternative Distributed Ledger Technology to blockchains, allowing for a more scalable,
feeless, lightning fast, and fully decentralized network while also being able to lay claim
as being the most eco-friendly.
Their initial vision was focused on building the machine economy using IoT… and that's
certainly still a core part of their vision, but over the past 2 years their vision has
evolved and you can now see IOTA as being a trust layer for the world.
Not just for IoT, but for finance and data use cases which of course integrating DeFi
and NFTs…
These aren't just visions and promises for what's to come… but a testament to what
they’ve been building these last 2 years.
In April they released Chrysalis, IOTA’s version1.5 - the most extensive upgrade in
IOTA’s history and later released the 2.0 DevNet officially kickstarting their pathway
to full decentralization
But the most exciting news of all came this Thursday with the beta release for IOTA Smart
Contracts.
IOTA will now support the Ethereum EVM and smart contracts written in Solidity, Go or
Rust.
With full EVM compatibility all pre-existing ETH based dapps and projects and developers
can now seamlessly build on IOTA’s feeless DAG network.
Feeless.
Users will be able to wrap and move any asset across any smart-contract platform.
Feeless.
Imagine the same DeFi space and NFT marketplace we see today, but with no gas and delays.
This isn’t some fantasy, this is in beta.
This is ready to change the game…
This integration of smart-contracts is going live with a Top 50 Market Cap OG Crypto Giant,
led by a foundation with a global team of over 200 people who have been through it all.
Some of the other crypto giants that made billions during the 2017 bull run lost their
vision and way and took their money with them.
Not IOTA, Instead they decided to take the best of the technology they built and polish
it for DeFi primetime, putting them in one of the most favorable positions in the space,
primed for explosive growth and mass adoption.
So People are just starting to figure out IOTA is back in the game in a major way.
Right now is the time to dive in and watch the growth happen before your very eyes..
Several projects like Tangle Sea and Tangle Swap are already in motion… and word on
the street is you can expect some interesting airdrops and yield farming opportunities as
dapps join the IOTA transformation.
The good news is IOTA boasts one of the largest and most helpful communities in all of blockchain.
All their links can be found below, but if you have any questions jump on their discord
where one of their 50,000 plus members would be happy to help you!
Now back to that massive crypto news, which has went fully under the radar.
And it has to do with one of my favorite crypto projects.
Energy Web Chain.
So there is a very important Energy Web Team Member we need to dive into.
Claire Henly…gong to a profile on her from Yale’s center of business and the environment
they say “Claire Henly directs the Energy Web Foundation's technology deployment work,
developing the frameworks, technical standards and best practices necessary to drive adoption
of blockchain technology by the energy sector.
Her portfolio includes EW Origin – a secure, low cost, public tracking system for renewable
energy credits, EW Link – a set of standards and best practices to connect distributed
energy assets to the blockchain, and the D3A Simulation- a tool to evaluate the economic
impacts of a blockchain based transactive energy model for electricity grids.
Also we can see below, prior to Energy Web she was apart of the co-founders of Energy
Web, the Rocky Mountain Institute-RMI
Claire helped create some of the most important pieces of the Energy Web stack!
But she did much more than that…Claire is no stranger to Energy and Politics, in August
of 2018 she testified before the US Senate on Blockchain and the energy sector.
So what is the BIG News that has to do with Claire?
Well it has to do with Politics!
Last week the White House announced the appointment of the 2021-2022, White House Fellows.
The prestigious White House Fellowship program embeds professionals from diverse backgrounds
for a year of working as a full-time, paid fellow for White House staff, Cabinet Secretaries,
and other senior government officials.
As we can see, Claire Henly is placed at the Special Presidential Envoy on Climate and
in her bio, they even mention Energy Web and the Rocky Mountain Institute!
Claire Henly was placed on the new Climate Envoy, whose goal is to reshape America’s
energy future!!
From the looks of this appointment, it seems the US government is interested in blockchain,
and it’s possible the solutions for the US, could be coming from some of the Tech
Claire built with the Energy Web Foundation…
How do you like those Presidential Energy Apples!?
Cheers viewers I’ll see you next time!