Altcoins are really wanting to break out. Breakout out of their shells,
break out of the downtrend many have been seeing. Well today,
we aren’t gonna be down, we are gonna break out to the upside…because it’s time for Chico Crypto!!
Within the top 100 cryptocurrencies, over the past 24 hours…41 crypto’s were performing
better than BTC. And it get’s een better for altcoins when you expand out the timeframe.
Over the past week, 7 days, over 50 percent of altcoins…53 of the top 100 cryptocurrencies
were performing better than BTC…
Altseason!? Well, I saw this coming, another altseason…last
week in an altcoin focused video I said this…
And my #1 Altcoin pick was?? Synthetix who had fallen out of the top 100…well Synthetix has been
on a tear since that video last week, smashing back into the top 100 coins. Actually ranked
number 92 as of yesterday. Checking out the price chart over the past 7 days SNX moved from a low
of 4 dollars and 16 cents to a high of 5.75 cents. Just an over 38 percent increase in just 7 days.
Well I’m gonna try and do that one more time,
pick out the altcoins that could get a moving and a grooving, and here soon.
And Number 1 Is…Chainlink!! As I believe the biggest release for Chainlink is coming very soon.
Staking…Now I covered this last month…Sergay
Nazarov the founder of that Stinkly Link was going on the airwaves, talking about Staking
and he dropped the news that it was coming this year in 2022.
Well Sergay was actually interviewed around the same time by Decrypt and an article came
out regarding Chainlink Staking. And Timo.ETH on twitter covered what the article said when it came
out. Chainlink staking is ready. "It's audited, currently in testnet" and will launch in the first
half of 2022….although Decrypt edited the article, and took all that juicy information
out…but Timo and a David Miller caught screenshots of the article before the edits happened…
It’s audited, it’s in testnet. Now that must mean the Deposit and Penalty contracts are completed.
What does that mean Chico? Well all the way back in 2019, Matt Beale of Link Pool put out
an article on Chainlink staking titled “Staking Chainlink” and under the section when will
chainlink staking be available, they said “In order for staking in Chainlink to be possible,
two main aspects of the Chainlink software need to be complete,
these are commonly referred to as the Penalty and Deposit contracts. These contracts
contain the logic that allows smart contract creators to specify collateral requirements
and the ability for nodes to be penalized in the event they don’t fulfill their accepted tasks.”
Back in 2019 those weren’t even close to ready. Over 2 years later,
they are…especially if staking is audited and in testnet. Well just yesterday, a Tarik @tarik2101
on twitter tweeted that article and snippet and said “2 year later the two main aspects
of the #Chainlink software are complete, now staking can be released anytime”
Anytime…Although is a certain something that needs to happen 1st,
before Chainlink staking can be released. And this release is sooo underrated,
and just might be as big as Staking. Sergay told us in that talk what it is.
Before the staking release, come the CCIP release, aka the Chainlink Crosschain Interoperability
Protocol. Now CCIP can be described as a secure cross chain messaging protocol
which will allow the free-flow of tokens from blockchain to blockchain or Layer 2’s
through programmable token bridges. This allows the creation of Crosschain dapps.
So when is CCIP dropping for go-live? Well it looks to be very soon. Now if we go to the
introduction blog post from Chainlink about CCIP, they had an infographic showing it working across
a dapp ecosystem. As we can see the dapps, with Logos shown were Celsius and AAVE.
Well going to Chainlink God’s twitter, one of the biggest researchers and ambassadors
of Chainlink in the space, we can see he is retweeting some suspicious things recently.
A tomuky.eth saying AAVE testing testing, with a picture of AAVE working across blockchains
and Layer 2’s. Ethereum, Polygon, Arbitrum, Avalanche, Harmoney, Fantom, and Optimisim.
Then just below that he retweeted the Aave twitter talking about
the first cross chain governance proposal updating the AAVE market,
and if we dive into the thread, there is a piece on the cross chain governance bridge…
Could this be using CCIP!?...Now what about Celsius? The intro blog also showed
them utilizing CCIP? Well Celsius has something big coming, called Celsius
X…which is the DeFi arm of the Celsius network…
Now Alex Mashinsky tweeted this last week “Excited about CelsiusNetwork
and CelsiusXDeFi. BIG…launch this coming Tuesday. You think you know what it is?”
Well yesterday was Tuesday, and we didn’t hear anything about a
big launch…Was there a delay on a release? Could it have been CCIP integration?
Well within Celsius X documentation, they talk of full decentralization for Celsius X and say
“The end goal for wrapped assets is decentralized access,
where a user can deposit and withdraw on the native chain and would have tokens minted and
burned on target chains. This process requires the target chains to know which address to mint for,
which Chainlink will provide with their Cross Chain Interoperatibility Protocol (CCIP).”
CCIP around the corner? Then Staking?? Chico thinks so…but there is another big
release coming from an altcoin I haven’t talke about in a bit,
but I’m still holding strong. But before we get into their big coming release it’s time
for sponsored segment of this video brought to you by the team at Router
Protocol… and like always the details of our arrangement can be found in the description…
Just a few days ago Router Protocol successfully initiated their much anticipated
Alpha Mainnet Launch. Router is an extensible multi-directional bridge that connects current
and emerging layer-1 and layer-2 blockchains to allow contract-level data flow across them…
simply put, they’re a state-of-the-art multi-chain bridge solution
that offers more than simply bridging assets across blockchains – in fact, I did a full
project review in a previous segment video a couple weeks ago you can reference to learn
even more… but today we’re covering the exciting stuff - their hyped launch and why it matters!
Router Protocol’s Alpha Mainnet Launch currently supports the Polygon and BSC networks,
for which bridging assets between the two chains has thus far been notoriously
inefficient – existing bridge solutions, although having come along way, suffer from critical issues
limiting their capacity to grow and evolve alongside the fast-changing DeFi landscape…
Router Protocol designed their infrastructure to do more. They’re built for DeFi functions like
cross-chain lending and liquidity migration, cross-chain multi-sig wallets and cross-chain
limit orders - just to give you a taste… But they’ve already changed the game with the Alpha
Mainnet in it’s current integration. Right now, users can bridge any asset between Polygon and BSC
and more than that users can even swap any two tokens of their choosing across both networks.
Transactions are seamless, only taking 40-120 seconds, the UI is intuitive and easy to use
and the transaction cost is much lower than the legacy bridges… Router also provides flexibility
in fees allowing users the option to pay using the $ROUTE token, making fees even cheaper
The DeFi sector currently exceeds a trillion dollars consisting of more than 5000
cryptocurrencies across multiple networks. With Polygon and BSC - just 2 of these many networks,
see more than 20,000 daily transactions and $600M in daily volume… The cross-chain infrastructure
market is massive. Router Protocol has an elevated approach to cross-chain solutions and has
positioned itself in becoming a major player in the space beginning with a much-needed upgrade to
the existing Polygon-BSC infrastructure. Polygon co-founder Sandeep Nailwal even expressed his
excitement for Router’s much anticipated launch by sharing his enthusiasm in a recent tweet.
Today we’re celebrating Router’s mainnet launch and their early success,
although the team is hard at work already preparing for future upgrades and expansion.
Expect to see integrations with more EVM-compatible blockchains like Avalanche
and Fantom as well as compatibility with non-EVM networks like Solana and Terra in the near future.
Router also has plans to release a comprehensive Cross-Chain Explorer to provide users more
transparency and confidence while making swaps. Make sure to visit their swapper to give the Alpha
bridge a try and stay up to date with their latest news and offerings by following their Twitter
and plugging in to their Discord.. Links for everything Router can be found in the description
Now within the Chico Crypto Telegram chat there was a poll about which
Altcoin my community wanted to see me do an update on Next,
and the winner as of yesterday with 45 percent of the votes? iExec RLC…
Well let’s update, as they do have a BIG release coming which might just tie into
some pretty big things! In the Just a month and a half ago, December 15th…Intel released
their first words on the Metaverse. Raja Koduri, Vice president and General Manager of Accelerated
Computing Systems and Graphics Group spoke on this and said in a blog on the Intel website
“We need several orders of magnitude more powerful computing capability, accessible at much lower
latencies across a multitude of device form factors. To enable these capabilities at scale,
the entire plumbing of the internet will need major upgrades. Truly persistent and immersive
computing, at scale and accessible by billions of humans in real time, will require even more:
a 1,000-times increase in computational efficiency from today’s state of the art. Many
advances across transistors, packaging, memory and interconnect that will help are in the pipeline.
There needs to be an 1000x increase in power, and this can be done by
an interconnection between a multitude of devices.
Now if you didn’t know…Iexec is partnered with Intel. They are listed on the Intel website…and
they say this “One of the main strengths of iExec lies in trusted off-chain computing.
In collaboration with Intel, iExec has released the first-ever
‘trusted compute’ solution for blockchain (TEE using Intel SGX). iExec offers a Blockchain based
AI model marketplace which allows to trade (i.e. rent out) AI models in a secure way,
the framework leverages Intel SGX to protect the privacy of the models during the rental procedure.
iExec is working with various organizations and consortiums with the goal of providing scalable,
secure and easy access to the services, datasets, and computing resources.
Computing resources…well iexec just released a video explaining something that’s coming.
Public worker pools. Public pools where you can monetize your computing resources
and pool them together to power things. Let’s watch now
This is being released this year, public worker pools to monetize computing resources.
Is it possible Intel and partners will leverage it to help power their metaverses?
Only time will tell, but I’m guessing that could be the case.
Don’t put your money where my mouth is, DYOR..cheers I’ll see you next time!