hey welcome back everybody to altcoin daily tons of crypto news today tons you need to hear this
you need to see this smash the like button if you appreciate us coming at you on a daily basis
we drop one video every day keeping you informed clueing you in cryptocurrency is a nascent
industry exploding with growth so let's start with bitcoin then transition into lower cap altcoins
but bitcoin defines the whole market right so let's get off the hour chart look at the day
chart and higher time frames is bitcoin bullish or is it bearish obv one indicator a particular
indicator a reliable indicator is painting a very clear picture we've bottomed and we are in
the process of a reversal now if we break this consolidation then i will change my narrative
until then we are working our way back up not down up very clear invalidation level too which is nice
bitcoin is getting scarcer the amount of bitcoin last moved more than 10 years ago so bitcoin
that has not moved in 10 years just hit 2.4 million coins it's likely most of these coins are
lost forever and as satoshi said quote lost coins only make everyone else's coins worth slightly
more think of it as a donation to everyone so i'm bullish on bitcoin let's get to ethereum
let's get to alt coins before we jump into that i do want to encourage you use code altcoin daily to
go to the bitcoin 2022 miami conference in april ticket prices are increasing tomorrow at midnight
overall you have 20 days to finalize and buy your tickets use code altcoin daily before midnight
ticket prices are increasing just a little bit but make sure you buy your tickets in the next
couple weeks i'm going hope to see you there altcoin daily 10 off let's get to altcoin news
ethereum is getting closer and closer to merging to proof of stake in fact on the test
net the merge to proof of stake has already been successful this is something that the ethereum
community is really looking forward to many things are going to happen when this merge does happen
i really like this site ultrasound.money where you can see the burn rate and you know what is
causing eat to be burned what gaps are being used on ethereum and it simulates the merge so right
now we can see the issuance now the supply growth now the burn rate now if we simulate the merge
the issuance drops to almost zero the tldr is people vastly underestimating what a 90 reduction
to issuance is about to do for ethereum happy to revisit this in six months but i'm bullish on eth
merging to proof of stake in other news mena protocol fans are going to like this news mina
protocol brands itself as the world's lightest blockchain roll-ups on the base layer privacy
on the base layer scalability on the base layer the news is that ftx ventures three arrow capital
lead a 92 million raise for mena blockchain secure 92 million dollars in a funding round led by
notable companies ftx ventures and three aero capital the capital will go towards opening up
more grant programs to support developers so getting more dapps building on mina quote
this investment from some of the most respected entities in crypto bolsters
our aim to ensure that mina becomes the go-to privacy and end-to-end security layer
for web 3 while remaining powered by participants according to evan shapiro chief executive at mina
foundation mina the first l1 with zero knowledge smart contracts basically will be the godfather of
privacy platforms soon and they continue to build and partner and implement big news from spotify
new job openings at spotify indicate a move to web3 technology according to two newly posted
vacancies the music streaming platform spotify is planning to add web3 experts to its workforce
now i think we are still pre mainstream boom for music nft so maybe they're going to do
something like that for more details about the two job listings well the first vacancy
is for a senior back end engineer who will quote facilitate collaboration with product insights and
design to uncover the next growth opportunity leveraging new technologies like web3 spotify is
also on the hunt for a senior manager to form part of the innovation and market intelligence team the
ideal candidate will have quote expert familiarity with emerging trends especially when it comes to
web 3 and emerging technology industries we don't know specifically what they want to do in web
3 but we know they want to get involved and they are preparing accordingly in other news coinbase's
browser extension hot wallet continues to become multi-chain in this case solana the info is this
cryptocurrency exchange coinbase today enabled support for the solana blockchain on its coinbase
wallet browser extension coinbase wallet users can now manage their solana seoul and solana based spl
tokens using the extension prior to adding solana the coinbase wallet extension supports ethereum
polygon avalanche and the bnb chain among others by adding solana support coinbase positions its
wallet as a competitor to leading solana wallets phantom and sole flare big news for coinbase big
news for solana and solano holders especially and speaking about multi-wallet multi-chain
wearable another popular nft secondary marketplace wearable adds support for polygon nfts and
multi-wallet support to its marketplace another step forward on wearable's multi-chain roadmap
as the nft marketplace protocol adds the ethereum scaling solution now that they've added polygon
the chains they support are ethereum polygon tesos and flow attention crypto holders attention
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up an account take advantage of this let me know if you did yesterday we reported on ave's big news
launching their version three initially launching on polygon phantom avalanche arbitrary optimism
and harmony big news for ave big news for all of these protocols well one day afterwards what
has happened ave pumps 17 amid the latest upgrade and speaking of ethereum layer twos in this case
optimism has yet to launch a token associated with optimism but it is a promising eth layer too the
news is that ethereum startup optimism hits a 1.6 billion valuation after raising money and after
more and more projects are onboarding into it like ave version 3. in other news cardano staking
value surges total value locked surges over 200 million dollar milestone total value locked is
increasing slowly yet surely especially as defy comes on to cardano and sunday swap accounting
for the majority of cardano total value locked at the moment cardano holders i wanted to update you
to this if you are in nft land there's really only one thing that nft holders have been talking about
for the past day or two and that is apecoin board ape yacht club ethereum nft sales surge as apecoin
price pops then drops the ape token launches to volatile price action following some 88 million in
sales for board apes and related nfts all nfts in the board api club so you got the board apes you
got the mutant dapes you got the kennel club they all received some sort of airdrop depending on how
many you hold and what you hold of apecoin the price popped then dropped and even more notably
people behind this coin besides yugo labs the creators of board apes we have the
reddit founder behind apecoin ftx executives behind apecoin animoca brands behind apecoin
and they're setting a precedent in nft land i expect many other projects will do stuff like this
to varying degrees of success we'll see if this is a success tldr history is being made precedents
are being set in nft land final piece of news this is interesting ethereum whale buys 6 million
dollars worth of shiba inu what does it mean there are some mysteries that maybe will never
be solved anyways that's it for me my friends it's aaron at altcoin daily see you tomorrow