Welcome back everybody to Altcoin Daily join us on our road to 1 million subscribers!
In today's video i'm gonna prove to you that ethereum is ready to pop bitcoin's looking bullish
cardano's looking bullish solana is looking bullish but the main focus of today's video
is ethereum if you appreciate that smash the like button comment below we'll start with bitcoin then
ethereum then cardano then solana bitcoin is looking great in fact bitcoin continues to be
accumulated and mass bitcoin is going through a supply shock the number of short-term bitcoin
hodlers short-term is at an all-time low and a record 84 of bitcoin supply has not moved in over
three months bitcoin supply shock and people are starting to take notice
fidelity investments one of the largest financial institutions in north america
with billions and billions in assets under management just put out a report understanding
bitcoin what history can teach us and among plenty of other things in this report these are
two takeaways fidelity says that ninety percent of their clients want bitcoin exposure and two some
price predictions they're predicting bitcoin at a price of one million dollars by 2026 10 million
dollars by 2030 and 100 million by 2035. this is probably something they're realizing what bitcoin
is they're realizing that bitcoin isn't going away they're realizing the implications of absolute
scarcity so bitcoin is looking bullish bitcoin is going through a supply shock
ethereum is looking bullish and ethereum is going through a supply shock insane amounts of ethereum
are being burned right now do you keep track of this the ethereum block space is getting used
and because ethereum changed its monetary policy an insane amount of eth is getting burnt over 100
000 eth due to nft platforms dexes d5 play to earn stable coins in fact clock this because this is
significant for the first time ethereum's daily issuance was actually lower than that of bitcoin
so understand this eth's net inflation was 1.1 annualized and bitcoin's net inflation was 1.75
annualized pretty interesting metric it's pretty cool to see ethereum doing so well but is nobody
else seeing what we're seeing there are just so many things lining up for ethereum it's hard for
me not to expect a massive run coming up in the next few weeks eth is well on its way to becoming
a multi-trillion dollar asset i loved this thread put out by croissant eat just the facts
just the metrics just the data pay attention because this is why i'm bullish on ethereum
total value locked in d5 ever since the beginning of the year the total value locked in d5 which is
primarily ethereum has gone exponential on january 1st the beginning of the year
total value locked was modest 16 billion seemed like a lot at the time today this number is now a
staggering 85 billion this would place eath as the 20th largest bank in the world by market cap and
if you've been subscribed to us for at least six months probably the past year i want you
to remember something this was when d5 summer happened summer of 2020 this is when all the
d5 protocols and kryptos took a huge dip this is when everybody was saying that d5 is dead not us
we were showing you metrics showing you that not price but other metrics were just going parabolic
especially in the blue chips in d5 and what did we see my investors thesis played out we saw an
explosion of the blue chip d5 protocols kryptos many went even higher than they did in d5 summer
but let's continue talking about ethereum ethereum in smart contracts so this is basically ethereum
that can't be sold because they're being utilized they have utility due to the outright explosion of
d5 the amount of ether placed in smart contracts has similarly gone to all-time highs in fact an
unbelievable 26 percent of all east is in smart contracts at the moment we can only expect
this trend to continue well what are the smart contracts we're talking about well it's
many different things it's play to earn games if we're just talking about defy smart contracts
things like uniswap decentralized exchange there's things like compound sushi swap ave maker curve
you're in finance synthetics d5 protocols built on ether getting used and eth is getting locked
up and used in these d5 protocols another insanely bullish metric for ethereum developers ethereum
is growing at a pace faster than even bitcoin again this is not a knock on bitcoin but this
is impressive that eth is doing so well so in terms of active developers it's not even close
ethereum is so much higher than everything else in the space since q3 of 2019 eth has averaged a
gain of over 300 plus devs a month the ecosystem is undeniably attracting some of the world's
best innovators let's talk about network use ethereum is now regularly settling more value
per day than bitcoin the largest cryptocurrency by market cap this will only continue to grow
with upgrades like eat 2.0 especially as block space has more demand with time and
adoption ether will become more scarce again for years this wasn't the case now it is rather
impressive that eath is settling more value per day than bitcoin it's pretty interesting metric
speaking about eath 2.0 let's talk about staked eath the amount of eath being staked in each 2.0
is now upwards of 23 billion that's approximately 6.1 percent of all aetherium again this means that
the east can't be sold anytime soon if it's being staked this is expected to increase significantly
after eath finally merges to proof of stakes over the next one to two years the proof of stake will
come into fruition and leading up to that and going into that more and more ethereum is being
staked eip 1559 and proof of stake account for more than 7.2 million each being taken out of the
supply in months again ethereum is going through a supply shock as well speaking about eip 1559
burnt eath 1559 eip 1559 has been nothing short of astounding it introduced fluctuating burns
to eth acting like a dividend for all users while simultaneously making transaction fees
smoother and faster for the network i showed you this more than one hundred thousand each has been
burned since this went live that's taking a supply off the market let's talk about stable coins
stable coins are growing some extraordinary value for eth as an asset we have usdc at 27 billion
die at 5 billion tether at 1 billion plus many more they are very popular for their easy use in
d5 plus visa will soon accept transactions settled in usdc usdc alone grew from a 4 billion market
cap to 27 billion this year and again people are taking notice supply on exchanges balance of eath
held by centralized exchanges continues to drop as people get on exchanges and buy the eath it's
nearing levels not seen since three years ago this indicates that many hodlers are not aiming
to sell soon and it may be a catalyst of its own if it happens to continue which the trend is your
friend speaking a little bit more on each issuance so eip1559 this is what i want you to think about
eip 1559 and the merge two proof of stake will result in a massive cell pressure decrease for eth
higher apy for staking upon the merge along with a sudden surge of people locking their eat for
the yield will result in unprecedented levels of volatility so with all of this information is it
not clear that there are inherent forces that will be driving up the value of ether and i didn't even
mention potential trends like nfts gaming yield farming lending dexes layer 2 and much much more
smash the like button show your support let's move forward before we get to cardano before we get to
solana let me ask you a question where is the best place to buy sell and trade cryptocurrency
i mean there's so many different types of exchanges right it'd be nice if there's a one-stop
shop where you could go and get access to many different exchanges well i want to recommend to
you a quality exchange just like that it's called tokenplace your home base for crypto investing the
ultimate crypto trading tool so tokenplace it's an all-in-one crypto platform for the next generation
where you can access the entire market of digital assets in a single window you can understand the
value i'm sure so they're gearing up for their upcoming beta release which lets traders connect
up to 35 exchange accounts to a single terminal with data aggregation and portfolio visualization
so this truly is your one-stop shop for everything in crypto tokenplace is sponsoring today's video
so the native token it's called talk you can think of this similar to like a binance token
so hodlers of talk or holders of talk will be eligible for discounts on subscriptions and fees
and the token is also involved as a carrier of liquidity in the final version of tokenplace so
this will be released next year at which point the platform will be a true aggregator with the
ability to trade on all exchanges with a single account pretty cool so talk has been doing quite
well lately they just announced a new three-month staking pool of 100 000 on the trust swap
platform they've also just been listed on zipmax a respected exchange that is licensed in singapore
and regulated by the thai sec additionally tokenplace recently passed a security audit
from certi-k with a rather high score the tokenplace team is experienced and they have
strong partners so investors are catching up to the fact that this is a very low market cap for
a retail trading platform with big potential so the vision is a one-stop shop for digital assets
investments and trading including fiat on and off ramps wallets and much much more so the next moves
include integration of dexes futures trading and atomic swaps as tokenplace develops
it's going to expand with new tools for a full service experience responding of course to the
needs of their users potential avenues for future development include arbitrage and tax tools also
big announcement token place announces a strategic slash affiliate partnership with bitstamp
so bitstamp it's one of the largest cryptocurrency exchanges globally they've been around a long
time they're based in the uk they have around 500 million in daily trading volume
so bitstamp will grant token place a share of commission revenue earned from traders who sign up
for a bitstamp account via the tokenplace terminal so bitstamp and tokenplace will formalize this
affiliate program in the coming months but the token place deal is it's the first of its kind
for for bitstamp and this is kind of a win-win-win situation for everybody between tokenplace the
individual exchanges and the market as a whole this collaboration between bitstamp and tokenplace
will continue to develop i'm going to leave pertinent links in the description below so
you can find out more information check this out for yourself but this is a good exchange
there are up and comers they have tons of potential click the links in the
description below find out more information one-stop shop you can understand the value
token place is the place check them out finishing up today's video with a little cardano and solana
news ethe competitors eth interoperators the dap platform space is hot this cycle so first of all
starting with news straight out of iohk today we have just submitted an upgrade proposal to the
cardano test net to hard fork the chain into the alonzo era and enable smart contract capability
this will take effect within the next few hours this has in fact already taken effect what does
this mean this is a major milestone and marks the final critical stage prior to hard forking the
cardano main net on target for september 12th and this isn't the end guys this is just the
beginning in fact and finally solana we've been talking about them for quite some time they've
made our top altcoin lists in the past few months well solana has recorded a new all-time high for
the second time in a week less than a week after its native token reached new highs seoul has done
it again on the back of institutional interest in the cryptocurrency so actually we're seeing both
cardano and solana and plenty of dap platforms like this continue to make new all-time highs
nothing goes up forever the market goes and ebbs and flows but it's great to see some of the more
quality cryptocurrencies gaining value that being said my friends i will see you tomorrow