Altcoins, alternative crypto, alternative cryptocurrencies.
Anything that isn’t Bitcoin can be considered an altcoin in these crazy markets we’ve
decided to call home.
Navigating the waters of the thousands..upon thousands of coins is getting harder with
each passing day and hour.
Are you getting confused??
Well jump aboard our ship matee, and let us try and steer you in a better direction.
All aboard!!
Because it’s time for Chico Crypto!
Yes, today, we are putting together a seriously alternative video for you…diving into 5
cryptocurrencies we see having a very bullish end of the year.
Soo let’s get right into it…starting with #1 and #2 which go together like two peas
in a pod. #1 end of the year altcoin is….$OHM, olympus DAO.
Why OHM!?
Well first what is OHM?
Well Olympus is a decentralized reserve currency protocol.
Each OHM token is backed by a basket of assets in the Olympus treasury.
While it started with only holding DAI in its treasury, and that backing was only 1
dai.
This quickly evolved, to include more coins such as FRAX, LUSD, SUSHI, ETH, as well as
LP tokens such as OHM-DAI LP tokens from Sushiswap.
In a short amount of time…it’s become one of the most diversified…non protocol
token treasuries in crypto.
It’s treasury isn’t just made up of OHM…it’s made up of other very valuable crypto assets
and that value is on it’s way to 1 billion, crossing 900 million as of November 22nd.
How does it amass this treasury?
“Bondings” are the way…Olympus very simply buys treasury assets from investors
at their risk free value, and pays them back with OHM at a discount after a certain vesting
period which is currently 5 days.
Even though discounted OHM is given for these assets, the purchasers of OHM are incentivized
to HODL and stake…as the APYs for staking are insane…currently over 7,373 percent!
Olympus started a DeFi revolution, which is apparent from the amount of forks created
based on the protocol.
I wouldn’t doubt if there are 100 forks by now.
Wonderland, Snowbank, Invictus, Jade, Rome…and the list goes on and on…even Tai Lopez is
launching his own OHM fork…
OHM is the most forked protocol of the year, and the amount of forks based on it’s code
is reaching levels only seen by 3 projects.
Bitcoin, Ethereum and Uniswap.
This is validation that OHM has created something special, and if you know anything about anything
in crypto, the OG, the original is the one who survives..while the forks all disappear
to dust.
Especially Tai Lopez’s…
Although, there is one OHM fork that will survive…and that’s because it’s doing
something different, like wayyyy different and it’s supported by the OHM team and this
is my #2 cryptocurrency.
That is KlimaDao…
Klima has taken and forked the OHM protocol, but it’s just not any fork…they are forking
it to create the world’s most liquid market for carbon credits, while accelerating the
price appreciation of these carbon assets.
While in Olympus DAO each OHM token is backed by the basket of crypto assets in it’s treasury,
in KlimaDAO every KLIMA token is instead backed by BCT tokens, base carbon tonnes which basically
are onchain carbon credits from the Toucan protocol.
Klima DAO aims to drive price appreciation of carbon credits in the carbon markets by
buying and hoarding as many BCTs as possible from the market and locking them away in its
treasury.
The project anticipates that this could lead to a supply squeeze for carbon credits, driving
prices up.
Now, Klima has amassed in only a short month, over 11.2 million tonnes of Carbon in it’s
treasury, which is now worth over 100 million dollars.
And because it’s still early with this project, the APYs are insane…over 38 thousand percent!
And Klima is accomplishing it’s mission, of appreciating the price of carbon credits.
Just 2 days ago they were featured in S&P Global in an article titled “Climate activist
group Klima DAO looks to expand types of voluntary carbon credits” and the article states under
market impact.
“The launch of Klima DAO on Oct 18 has already had an impact on the market, with the price
of renewable carbon credits seeing a fast increase.
In the month of November itself, the Platts Renewable Energy Current Year assessment has
surged nearly 63%.
It was assessed at $7.20 per credit on November 22nd, up from $2.3 per credit August 9th.
Like I said…this fork is different, but I also said it has the backing of the OHM
team…and the founder and big brain behind OHM confirmed this back in September.
Zeus of Olympus tweeted “Not a big fan of copy/paste forks since they do nothing different,
but i like the klima spin - hence advising on it.
It raises a bigger point though: i'm pretty sure $OHM is the most forked protocol since
at least Uniswap, if not Bitcoin itself…”
Zeus is advising, Zeus is the man who started it all…can you say BULLISH!?
Now how about my #3 cryptocurrency for the end of the year?
Well this pick has to do with interoperability between chains, as that narrative is about
to see the hype.
And this token has slid…and in my opinion is ready for a PUMP..which was already starting
to begin with the news.
That token is REN…and as we can see from it’s price chart, it had a nice near 20
percent pump yesterday…while it’s rank on Coingecko was number 138.
Using wayback machine, we can see the slide compared with other crypto’s more clearly.
Looking back to March of this year…REN was actually ranked #82.
I have a feeling REN is going to recapture the top 100, and possibly even capture it’s
old March rank and further…why?
Well yesterday REN announced that host to host was coming to their protocol…what is
host to host??
Well, a Maximillian Rozcko put out a tweet thread explaining it.
Max said “H2H means RenVM will be able to bridge native coins and tokens between the
chains it supports, becoming a full-scale bridge.
Bridge MIM to Solana, USDC between Polygon and Avalanche, SOL to Arbitrum, BNB to Fantom,
Curve LP tokens to a future chain.
RenVM will go from supporting 7 assets, mostly legacy coins such as BTC and DOGE, to being
also able to support most of the tokens in the crypto space, which is in the thousands…and
you can do this…cheaply, which he explains below.
Major interoperability is coming….but I also have some other major coin picks for
#4 and #5.
But before we get into that it’s time for a sponsored segment of this video brought
to you by the XCAD Network and like always, the details of our agreement can be found
in the description.
The new blockchain based play-to-earn gaming economy has changed the landscape of gaming
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XCAD Network aims to do the same for Youtube content creators and their viewers by providing
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The platform is powered by the Ziliqa blockchain but the token is also traded on Ethereum,
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Both a co-founder of Ziliqa and the CEO are officials advisors to the project and they’ve
even attracted investments and endorsements from 2 of Youtube's biggest stars Mr Beast
and KSI
For Creators, they can apply and once approved, can launch their own custom fan token to harness
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XCAD also offers creators access to their Youtube academy, Xcademy, where Youtubers
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For Fans of Youtube creators this is the perfect bridge and introduction to cryptocurrency
because none of their habits change and they don't even know they are using the blockchain…
users simply watch their youtubes videos just like before but now they’re earning creators
tokens which can be used to buy merchandise, NFTs, have a say in governance thru voting
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All this is all made possible thru the XCAD Networks proprietary chrome plug-in.
Once downloaded onto the browser users create an account then simply find any participating
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Users can then spend these tokens on the platform, hold the token for rewards or can even trade
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Users can also trade their fan tokens directly for XCAD tokens on the Creator Swap DEX.
The XCAD token launched back in May and is listed on multiple exchanges and offers various
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If you’re a content creator or devout youtube video watcher make sure to check out the XCAD
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All the necessary links can be found in the description below.
Now back to tokens #4 and #5 for having a bullish end to this year.
Yesterday, I covered Polkadot and explained why it was one of my top picks for being an
Ethereum competitor.
Well these 2 picks have a lot to do with Polkadot…
And this first token is distributed….not trading yet, but as this video drops, it may
already be.
That token is KILT!!
So what is KILT?
KILT is a blockchain protocol for issuing self-sovereign verifiable, revocable, anonymous
credentials and enabling trust market business models in the Web 3.0.
It’s a blockchain about decentralized identities..DIDs.
Now the KILT token, is one that is going to work across both chains.
It was launched as a crowdloan on Polkadot’s canary network Kusama…but at the end of
the Kusmama parachain lease they will eventually migrate to their parachain on Polkadot.
Only a single token for both Kusama and Polkadot, not multiples.
This is BIG!!
And when this happens, they have some stuff up their sleeves.
Donnie Big Bags tweeted about it.
He said “$KILT is the reason I got into $GLMR / $MOVR They've been working on a liquidity
mechanism for Polkadot - Polimec.
Regulators WILL crackdown on dex's.
KILT WILL create fully regulatory compliant DeFi infrastructure.
DeFi needs verified on-chain digital credentials.
But it’s not only DeFi who needs on-chain credentials.…Energy ecosystems do too!!
Remember this article from October of last year.
Germany’s Federal Energy Agency, DENA selected energy web to Build the Prototype Identity
Registry for Germany’s Energy Market.
And as we can see from the article it says “The Energy Web stack will be used alongside
the Parity Substrate client and the KILT Protocol for digital identity.”
And finally that leads us into #5…it is the Energy Web Chain…and what many people
don’t realize…is the downward pressure is about to end.
Energy web recently updated their validator code of conduct, and in it they have a section
on Obvious rent-seeking.
They say “Validators who are transparently motivated solely by EWT block rewards, abuse
their position as validators to create deleterious effects on EWT markets, and/or do not contribute
to the mission and success of the EWC ecosystem as described above, will face temporary suspension
and/or expulsion from the validator set.
Rent-seeking is defined as validators liquidating greater than 10% of their block reward balance
within any given 30-day period.”
Validators who have been rent seeking, are no more…those who have been dumping..when
the price goes up!
But you should also know…something big is coming for Energy Web by the end of the year…STAKING!!!
Last week Energy Web announced a booster period for early stakers, over 21 percent APY, and
they re-iterate, it should come before end of year.
Well Jesse Morris CEO of Energy Web tweeted about this saying “Staking is a foundational
tool for bringing the Energy Web Stack to market.
Staking will soon enable individuals and companies to invest in certified renewable energy projects
and bring enterprise-grade solutions to market.
Excited to finally announce this first step!
EWT is connected to KILT, KILT is connected to Polkadot, EWT will eventually become a
relay chain, connecting to Polkadot…it’s all coming together.
You just have to open your eyes.
Cheers I’ll see you next time!