welcome back everybody to altcoin daily in today's video i'm going to show you eight or
nine cryptocurrency coins which are implementing upgrading and otherwise just doing big things in
the space that you need to know about i also want to show you maybe some coins to avoid in the short
term if you appreciate the daily content smash the like button check the timestamps below and
we'll start right here coin number one making our list today is bitcoin there's a lot of reasons in
my opinion to buy bitcoin to try and accumulate a nice stash of bitcoin and it seems that people are
definitely taking advantage of the dip the number of addresses that hold at least one bitcoin hit
a new all-time high at 893 000 addresses so you can see for a little bit of time although it was
always kind of trending up for a little bit of time the rate at which people were accumulating
one bitcoin wasn't increasing that much until the last few months take a look at this rate of change
people are aping in to get that one bitcoin while bitcoin is lower and understand how the rate is
increasing from may 2020 until february 2022 there is zero percent change people holding one bitcoin
from february 2022 to early june 2022 there was 4.8 growth of people owning one bitcoin
from early june 2022 to early august 2022 so now only two months as opposed to four months
as opposed to 21 months we're seeing a 5.1 rate of change people accumulating one whole bitcoin
something to keep an eye on something else to keep an eye on bitcoin's network settled
2 trillion worth of bitcoin in july all-time high was 8 trillion last november
over the past 12 months the network settled a sum total of 62 trillion worth of bitcoin that's three
times more than u.s gdp so people are using the network people are buying in this is the current
leaderboard for bitcoin treasuries from public and actually private companies as well grayscale
bitcoin trust block one micro strategy tesla the tezos foundation you can see the updated list here
and more and more people are realizing that they probably need to own some bitcoin and because the
regulations have changed for the positive over the last few years bigger and bigger entities can
buy bitcoin thanks to people like sailor thanks to politicians actually making some reasonable
changes we all heard the rumblings about large asset managers coming into bitcoin in mid 2021
and some did but it turns out they weren't going to enter end mass until 2022 sometimes it takes an
extra year or two to get over the hump but what really matters is not one year or two
it's not when they come in it's that they come in at all and certainly over the last few years
we've been seeing continuations of the trend of large asset managers coming in well who are the
ones that have come in in the past year we have blackrock we have franklin we have arc
some of them were in the year before but they're increasing their exposure or they're increasing
their commitment final reason why bitcoin makes our list today there is a lot happening with the
bitcoin ecosystem jack dorsey's square commits to building a bitcoin hardware wallet we know this
we have more information on this the wallet will be multi-sig and will prioritize mobile use quote
we have decided to build a hardware wallet and service to make bitcoin custody more mainstream
so they want to bring in the general public with their wallet and this is a breakdown
of what they're building in the short to mid term jack dorsey's company block released some details
about their upcoming hardware wallet i'm very excited to see that their idea is to go with a
multi-sig setup their plan is to give you a bitcoin wallet ruled by three keys but only
two of three needs to sign a transaction in order to broadcast it one key will live in the app the
other key will live in the actual hardware wall that you buy from them while the third key will
be held in a safe custody by block by their company the idea is that you can broadcast
your own transactions by signing them with both of your block hardware wallet and your app keys
you don't need block for this you can back up both the app and the hardware wallet keys yourself
and never lean on them as long as you don't lose your keys they can't move your coins with just
the one key they have but if you lose one of yours you can ask them to sign a transaction
to move your funds to a new wallet that you set up this helps on multiple fronts it eliminates one
key being a total point of failure and it makes each key less valuable so therefore
easier to back up you can safely email one to a friend to hold in case so the writing is on the
walls bitcoin is getting bigger and better slowly but surely it's not just bitcoin anymore though
in the short term i would say ethereum is the one to watch and this is ethereum versus bitcoin chart
and as you can see it is rallying into the merge if you subscribe to us we updated you on this
in just about five weeks ethereum is going to be leaving proof of work behind forever the merge is
coming i think this is a great move for ethereum continuing to differentiate itself from bitcoin
and the eth merge make no mistake about it it is a major milestone a lot of people think it will be a
sell the news event and it probably will be to some extent i think that's true trade it hedge
it if you need it but as far as spot eat spot eat i'm not selling any of my spot who the hell knows
how it breaks comments will be fun let me know what your plan is when the merge hits next month
will you be selling any are you still bullish on the project i am probably not going to sell any
spot are you trading it let me know comments will be fun next coin making our list today tops the
charts as far as top 10 github commits in the past six months what protocols what teams are actually
adding commits to their code and presumably making the project better well the coin is mina with 2720
github commits in the last six months of course honorable mentions goes to icp solana sushi swap
there's bitcoin and then there's some coins which i don't know are these really in the conversation
anyways mina makes our list next coin making our list is avalanche and actually it's kind of a tie
between avalanche and an avalanche project are you familiar with play to earn coin defy kingdom well
d5 kingdom it is described as cross chain gaming decentralized exchange farming playable nfts
juul is their coin the d5 kingdom subnets daily transactions have surpassed 1 million the d5
kingdom is avalanche's first subnet launched on march 30th 2022. it's already processed
more daily transactions than some layer one blockchains and has recently passed
the million transaction milestones so we're going to give it up to actually play to earn
makes our list today plato earned coin defy kingdom and also separately
avalanche l1 avalanche makes our list today too because their ecosystem cannot be ignored at this
point next coin making our list is actually one of those coins i mentioned up front that
perhaps you want to avoid in the short term this is the info chain link approaches a significant
supply wall so chain link gained over 50 cents in friday's trading session as bullish
pressure rises link could gain enough momentum to actually advance to ten dollars nonetheless
several indicators suggest that link could soon face a correction so in the short term be looking
for a correction with link of course could get to ten dollars and i do think there's reason to be
bullish in the long term but in the short term maybe avoid chain link tell me what you think
next coin making our list today is gala gala is partnering with stick figure productions
to distribute four down on the blockchain i'll explain this by adding film alongside
its successful music and gaming platforms gala is also able to offer an interoperable ecosystem
where fans can benefit from cross over content so i highly recommend this interview that we just
dropped with gala where they explain all of this they explain them getting into film and
what this means for the gala ecosystem check out this interview i'll give you some bullet points
gala one of the leading innovators in blockchain gaming and music has announced the launch of gala
film this new vertical from the world's leading web3 company continues the brand's commitment
to providing fans with unique opportunities to enrich their experiences coupled with amazing
programming and exciting projects watch and earn with gala films with this announcement
gala films also shared that they will partner with oscar-nominated and award-winning stick figure
productions to present four down a feature-length documentary directed by award-winning filmmakers
stephen cantor based on the n new york times best seller not without hope written by nick and
these two gentlemen the core benefit of gala film is its ability to offer a watch-and-earn mechanic
through the same blockchain tech that underpins gala's music listen and earn ecosystem offering
fans ways to earn rewards through nodes and nfts with gala film fans now have the power
to actively participate in the content they consume take control of their entertainment
through digital ownership and support new projects by voting on script choices or
casting for more complete information on this check out our interview with gala leadership great
interview speaking of blockchain games next coin making our list is axe infinity doing something
kind of interesting kind of is this good or bad axionfinity cuts rewards from their classic game
subtly forcing plato and players to their new mode the team describes the move as part of its efforts
to balance the economy for the smooth love potion token play to earn blockchain game axi infinity
has completely removed the token rewards from its classic game mode to attract its users to a
new game mode called axi infinity origin the axi infinity team announced that starting on friday
there will be no more smooth love potions tokens to be minted on its classic mode
according to the team the slp rewards will be migrated to their new game mode however minting
will be unavailable for 30 days as the team conducts a monitoring phase to search for bugs
abuses and exploits apart from this the team highlighted that moving from classic to the new
game mode will help balance the smooth love potion economy in addition to removing classic rewards
the team will also enable using slp to craft various in-game boosts such as runes and charms
in the new mode to add utility to slp so axia infinity still a blue chip still on our radar
we'll see how their changes and upgrades affect the ecosystem hey this industry is growing whether
we like it or not the number of people working in the blockchain industry went up by 76 percent yet
there's still a large gap in demand for technical talent so there's still despite the huge hires
that have been being made in the industry there still is a lot of demand for technical hires and
these numbers come from a study that linkedin did with ok x final coin making our list today
is binance doing the crypto community good in this case finance recovers almost half a million stolen
in the curb fishing attack finance has seized over almost half a million worth of crypto assets
stolen in the tuesday front end attack on the decentralized cryptocurrency exchange
curve finance the crypto exchange fixed float also seized about 112 eth currently worth around
200 000 bringing the total asset recovery to 100 finance founder and ceo cz said that the
exchange is working with law enforcement to return the funds to the victims that's our list
today ladies and gentlemen comment additional coins you like in the comments below that you
want to make our list in the future subscribe for our daily content we try to provide you
with tons of value in the cryptocurrency space making you smarter enthusiasts smarter investors
and overall providing good information my name is aaron at altcoin daily see you tomorrow