Eggg yolk, what is up & right, with my people, the Chico Army & of course if your new around
these parts, a lowly viewer of the tube.
I’m the host of this channel Tyler, and it’s so good to be back after taking a day
off which means this episode is gonna blow….if you were sleeping wake up, cuz it’s time
for Chico Crypto!
Altcoin madness, DeFi madness, alt season….it happened, it’s happening right now, or the
real one is still to come.
Each day, new coins and projects are being added to Coingecko, and the total number of
cryptos, is now pushing towards 6k tracked on their website.
So altseason has been happening, if you were not aware….BITCOIN dominance since September,
has been on the downtrend.
From over 70 percent then to under 60 percent as of yesterday.
A dominance percentage loss of 14.2 percent.
And the altcoin leader of altseasons?
Ethereum…..has increased it’s dominance from 7 percent to 12.25 percent a percentage
dominance increase of 75 percent over the same time period.
Then other altcoins, which is all the altcoins out of the top 10 & their marketcap’s combined,
that category’s dominance, has grown from 11 percent to 14.35 percent.
A dominance growth of 30.5 percent over the same time period.
Remember I said there's a possibility, the REAL altseason, hasn’t begun….well that
is because we are nothing the big altseason of the past, in 2017 to mid 2018, as BITCOIN
dropped off a cliff, and got a low of 30 percents in dominance, and almost being flipped by
ethereum in 2017, and the others category in 2018.
Today, we are nothing like that “altseason”
But in my opinion, the stage is being set for another season which MIMIC the past….with
Ethereum gaining, taking away the dominance from BITCOIN & talks of the flippening will
once again shoot into mainstream thought.
Why??
Well even though Ethereum is not at it’s dominance, it once was back in 2017, the number
of transactions on chain, is reaching levels reached back then.
Then pulling out the chart with BITCOIN transactions, back then Ethereum also outdid Bitcoin in
2018, a wide gap, that closed throughout the rest of the year and into 2019, but since
the beginning of this year, that gap between transactions is just as wide or wider, than
back then.
So, you may think I’m crazy, but out of the top two coins, BTC & ETH, I would have
to hands down pick Ethereum, as it’s the better bet for the altseason, it is called
altseason & not bitcoin season for a reason.
Unless Ethereum slips up majorly, like with a hack or major smart contract exploit, and
BTC miraculously pushes forward with a scaling solution, Etherum dominance will grow.
So my plan, is to stack ETH, accumulate as much as the base layer of DeFi as possible,
ETHER is money, it’s a store a value, it can be stable when used as collateral, and
soon with the beacon chain, it will be stakeable, able to earn passive rewards for securing
the network.
So Ethereum isn’t just a money protocol, it’s THE DEFI protocol
And that leads me into my next top picks, going down the list...DeFI, decentralized
Finance, it’s the buzzword of this bullrun….and you gotta know, I stay DeFi Stinky, with that
linkey.
Out of the top 10 coins, Bitcoin, Ethereum, and Chainlink are the only 3 I actually hold
& that is the case of in my personal opinion, those are the 3 best.
And I’m sure you know of Chainlink’s meteoric rise, going from 45 cents in March of 2019,
to over 18 dollars as of yesterday.
What is behind this??
I’m still a little baffled, but this is no pump and dump orchestrated by some 4channers,
but some real big interest in Chainlink, from some real big players.
Now that doesn’t mean it won’t dump, as these big players, may be playing to manipulate...but
things are starting to bubble with LINK, as I showed in my livestream, on wednesday….
Chain Link was announced to be partnering with Oracle, back in 2019, where 50 qualified
startups, in collaboration with oracle and link would be deploying LINK nodes...From
the oracle blog post on the topic “The Oracle for Startups team will work
with the selected startups to launch Chainlink nodes in Oracle Cloud Infrastructure (OCI),
which will be available for integration with Oracle Blockchain Platform (OBP) smart contacts
via Chainlink middleware.
From the learnings, we can generate best practices for developing smart contracts that integrate
to Chainlink that will benefit the ecosystem.
Now scrolling down, we can see some of the startups, selected in October of 2019.
Number 1, Constellation is important, as they are a known blockchain project, who is in
collaboration with Chainlink, with a paper put out explaining how big data would be oraclelized
with the two.
Now going to the #1 objective of this in the paper it states 2 main objectives and #1 is
“Constellation will be an oracle node operator on the Chainlink Platform to enable access
to enterprise data” Well going to Chainlink market, which details all Chainlink nodes
and searching by catena….something comes up….Catena enterprise grade node powered
by Linkpool, and Catena Node 1, constellation….
Ok, but does that mean the Oracle for startups program is getting moving?
Well going back to the blog post and down the list, there is one more we need to look
into NorthEast.
Going to Chain Link market, and searching my northeast, of course there is a node for
them too.
So 2 out of the startups, have nodes verified and ready to go...but the most interesting
thing, that was found, is besides these two recently added nodes, 2 more...which could
relate right back to Oralce.
Going to the newest nodes, and scrolling down, there is Veritas and Averify.
Going to Averify’s website for the node, not much is said, just smart contracts for
smart business.
But searching averify and oracle in google, something interesting comes up.
Oracle has an averify, spelt the same, which is a scripting tool, and according to Oracle
Averifty, is this “a scripting tool that performs an integrity check against the PLM
database and reports on specific errors.
Averify includes a check for missing indexes and inconsistent data stored in the
various database tables.
Averify only reports errors, and does not attempt to fix them or modify your
Then that second node, Veritas...if we go to their website, not much there either, they
say their node is professionally managed, and they are an early adopter.
But their logo, that V, looks very similar to another V, and veritas company, who is
more than connected to oracle and the oracle cloud…..HMMMM connected?
Is the oracle program kicking into a higher gear & about to go full throttle?
We will see, once more information drops
So Ethereum, and Chainlink out of the top coins.
What are my top picks in the Mid Level?
Even though this coin, is in the mid level, it’s my #1 pick for 2020, and I believe
in due time, when the vision comes together.
This could be a top 10 coin.
You know what I’m talking about.
Energy Web Chain.
Now over the livestream, I covered some things about EWT too, including the structure of
their network, in being their own relay chain with parachains reserved for localities, including
countries...well, that vision, is now being worked on, as we can see, within their github
is polkadot, which was only updated 3 days ago.
They forked it, the work is beginning….
But just above, that is another interesting github addition, Rosetta…....what is Rosetta?
This is from Coinbase, they put out a blog post detailing it...it states “For developers
of new blockchain projects, the Rosetta interface makes it easier to ensure compatibility with
exchanges that use Rosetta...well the only exchanges with Rosetta right now, is Coinbase….
I covered this last week, in a video on Coinbase possible new additions, Kadena was one of
my top picks to be listed from the Rosetta API website, but also handshake, and possibly
CELO down the road...but seeing EWT start to use it?
It means a base listing, might just be down the road too.
So those are just a few things, which reinforces my midcap, EWT pick...but what about those
lower down the list?
What are my current top picks?
Well, I have more than a few, some from the polkadot ecosystem, XOR sora network, edgeware,
kusama & more….but today, I wan’t to show a new one who has jumped on my radar….robonomics
Network XRT….it has already been surging...pulling out the 2 week chart, the coin has gone from
around 4 dollars, to around 16 dollars as of yesterday….but this is still a really
low cap of just 4.5 million.
Now, remember, what I said about Polkadot parachains in the past, they will be limited
in the beginning & not everyone will get a slot, and those connected to Polkadot, and
their players will be in a better position, than those who are not….
Well robonomics, is in a serious position.
Number 1, they have already launched a parachain on Kusama...which is the canary network of
Polkadot...if you are planning on becoming a parachain on DOT, you better be building
on Kusamam first...which just last month they did with the testnet launch.
But this is the big one…..you know who is the founder of Polkadot, Gavin Wood is...now
wouldn’t it be crazy….if Gavin was contributing to the Robonmics Github??
Well he has, as going to contributors, and hovering over the second picture, of course
it’s the gavin wood.
Now that leads some major weight to this project, having a parachain testnet ready to go on
Kusama, with even the Kusama twitter retweeting it... and even thee Polkadot founder, gavin
wood contributing to the code.
Now there is some other Polka ecosystem projects, who do not have that, who are much higher
in market cap...and the thing about Robonomics?
They have been working on this for 5 years, and originally built it to be done on Ethereum...
In 2016, Robonomics showed off how to control a drone, with Ethereum transactions, pretty
damn cool, having a drone employee controlled with Ether code, and its path could never
be manipulated...well with scaling this was not possible, so they switched to a substrate
based model, with bandwidth testing on Kusama.
With the parachain launched, and ready to be tested...they said this in their blog post
about the release “ The Robonomics parachain will allow the community to launch industrial
manipulators, collect telemetry from sensors and create routes for autopilot drones using
transactions….
It’s coming, and quicker than many other polka based project, with higher market caps...undervalued?
That is exactly why Robonomics is a new pick of mine.
Cheers viewers, I’ll see you next time!