welcome back everybody to altcoin daily my name is aaron this is a video that you
do not want to miss there are so many big stories happening in cryptocurrency today
in this video we're going to go over all of them i'm gonna talk to you about cardano is it bullish
is it bearish i'll give you my thoughts i want to talk to you about privacy coins including monero
including z cash possibly transitioning to proof of stake this is interesting
i'm going to talk to you about d5 including dy dx we want to talk about bitcoin ethereum of course
tons of interesting things happening around us in cryptocurrency if you blink you're going to miss
it before we get into any of this i do want to preface however and say you know we're kind of in
this chop solidation mode right now you know the bottom most likely in in my opinion we've recently
rallied broken some resistance and now i think what we're going to see is a retest of resistance
turned to support but basically where we are right now is just kind of chop solidation but when you
look at fundamentals you know here's the thing let's just talk about this very conservatively
i think if you've been a subscriber to our channel for a while now you understand the bulk case for
bitcoin you understand the bulk case for ethereum most of the world does not understand why they
would buy ethereum or why they would buy bitcoin let alone any other cryptocurrency which you know
you can make an investor's thesis for so it speaks to the fact you know we're just so early in this
and and bitcoin and ethereum are going through massive supply shocks right now and most of the
world is in the darks so think about it like this eip 1559 is about to launch in just a few
days you know the day it launches probably going to be a buy the rumor sell the news type thing but
over time once eip1559 is implemented every single time somebody sells eth via a dex this will be
bullish for the price of ethereum why is that because every single decentralized exchange trade
on layer one has to pay gas fees in eth and most of those fees will be burnt because of eip 1559
so they're changing their tokenomics we invented bullish selling checkmate bears and it's not just
this with eath you know the amount of eat getting locked in the staking e 2.0 protocol continues to
grow eth continues to just flow through different d5 protocols that's taking supply off the market
that's sucking supply and eth in general is leaving exchanges like we've never seen before
so ethereum hugely bullish as we go into eth 2.0 over the next year to two years bitcoin
hugely bullish this cycle and probably for many cycles bitcoin is getting accumulated hardcore
the level of buying that we're seeing on this dip is comparable to the level of buying and the level
of accumulation we saw in the bear market that's how hard people are going buying bitcoin right now
don't sleep on this you know just like we saw you know this happens for so long and
then the price shoots up and this is like the s-curves of adoption we see with bitcoin
so let's talk about price bitcoin to surpass 120 000 in a year this is according to a
very smart guy the ceo of pantera capital he also went on to say going further with his predictions
he puts the price of bitcoin as high as 700 000 within this next decade so that's what we're
talking about i think that is totally possible let me know what you think in the comments below
guess what eth2 will help ether outpace bitcoin this cycle and over the next couple years
ether has more potential than bitcoin as a newer cryptocurrency and the latest eip1559 will help
the token trade more like a fixed asset i tend to agree with this as well we have an interview
with raul paul coming out in a few days look forward to that he talks all about his ethereum
investors thesis we talk about cardano talk about all sorts of stuff but before we get into cardano
let's talk about this this is huge this don't sleep on this because this might be the future
miami the city is set to launch its own cryptocurrency it will reward users in bitcoin
the coin will allow investors to earn rewards all while supporting this city miami's
own cryptocurrency miami coin will launch launch today cryptocurrency will essentially allow people
to invest in miami by buying the coin it's almost like a social token money raised will be used
to fund projects and events in miami pretty interesting so the idea is that people will
support miami by buying or mining miami coin and the funds will be diverted to the city's
treasury wow miami coin will be the first city coin released city coin is a project that allows
people to invest in a city by buying the token it works with local governments so that those who
invest are rewarded in bitcoin because this is put together by stacks stacks is basically a protocol
that allows you to build on top of bitcoin so this is a very bitcoin centric social coin that they're
releasing stacks the native cryptocurrency of the protocol used to build things on the bitcoin
blockchain quote miami coin can be mined or bought by individuals who want to support the magic city
and earn crypto yield from the stax protocol miami coin additionally benefits holders by allowing
them to stack and earn yield through the stacks protocol so this is a first of its kind what
happens when this is successful what happens when two cities start doing this what happens when five
cities start doing this ten cities what happens when ten cities in ten countries start doing this
and we're here on the ground floor let's talk about some different altcoins why cardano is
still holding strong despite this market crash so cardano is actually showing some significant
strength despite you know everything correcting so much in the past three months and cardano
corrected yet it's still holding over a dollar so let's talk about maybe why that is cardano's
native token ada has shown strong support in the one dollar to 1.20 range investors staking cardano
looked to be helping it maintain the support so like 70 percent of cardano is staked the strong
community surrounding cardano is also helping to keep people interested despite development
setbacks so it speaks to how strong cardano is it's got a huge community huge grassroots support
and that's important for different protocols one last thing on bitcoin and this crypto in
general actually sandwich shop quiznos is now accepting bitcoin quiznos teamed up with backed
to pioneer a new and innovative payment method for customers to purchase their next meal with bitcoin
any og subscribers of this channel remember in 2018 and 2019 how bact was touted you know the
new york stock exchange is back just touted as you know gonna bring the bull market back bitcoin was
six thousand at the time four thousand at the time talked about this happening with starbucks well
you know now it's years later it's happening it's not that big of a deal but prices are a whole lot
higher so i mean this is a net positive for sure obviously quiznos just wants to stay in the
conversation and bitcoin is the conversation right now privacy coin z cash weighing proof of stake
move it looks like zcash could be planning to move to a proof-of-stake consensus mechanism in place
of its current proof-of-work algorithm so the z-cash founder zuko wilcox wants to move z cash
to proof of stake the primary concern is in the environment he says but greater security at a
lower cost the ceo believes the value prop of privacy coins has never been greater than now
of course he thinks that you know zcash is kind of like the uh you know a privacy
coin has like a business and ceo behind it and um you know money being able to change
like this just on a whim of a ceo is probably not a great store of value personally pretty
hands off with zcash you tell me what you think in the comments below get to another protocol in
just a second privacy protocol monero before that d5 platform dydx is launching a governance token
i think we're going to see more and more of this d5 margin trading platform dydx is launching
its own token it will be used to decide how the protocol evolves so this is similar to previous
governance token launches a portion of the initial supply will be distributed to past users of the
protocol who meet certain conditions in this case 7.5 percent of the supply will go to previous dydx
users and token allocations are to take place over the next five year period if you're using
dydx in a sense it follows in the footsteps of projects such as uniswap and compound to the blue
chips both of which have decentralized their governance structures through the retroactive
air dropping of tokens to their user base so you know swap and compound were both you know
doing fine before they had tokens and then they released these governance tokens to their
community and you know the community has largely held on or just you know been supportive and
it's a pretty interesting way to develop a community around tokens giving them to people
who already regularly use your protocol it's kind of a good idea i think at least it's a better idea
than many things we've seen the governance token will be used to decide the future direction of the
protocol and token holders will be able to vote on proposals to add new features just like uniswap
dydx enables a robust economy around governance rewards and staking each designed to drive further
growth and decentralization of dydx resulting in a better experience for the users the team
wrote so they're going in the way of uniswap and compound interesting move let's talk about monero
actually kind of narrow peripherally you know the face of monero not that it has a face but
this guy's maybe the most famous guy fluffy pony an axe monero developer has been in jail for two
weeks over theft at cookie company ricardo spagni is accused of committing invoice fraud during his
time at cape cookies so this has nothing to do with crypto this has nothing to do with monero
they're jailing him for it seems like a minor infraction is this because he's
so heavily involved in privacy and crypto or is it just a coincidence i'll let you be the judge
get back safe ricardo we need you fluffy pony that is it from me today my friends make sure you check
out our interview with brian harrington talking about putting bitcoin in your retirement account
and bitcoin meetups and the circular economy in general besides that we just recorded an interview
with raul paul talk about ethereum we talk about cardano we talk about all sorts of alt coins it's
going to be a great interview look forward to that we have an interview dropping with will clement
third sorry if i'm not pronouncing his name he's the 19 year old bitcoin on
chain analyst who works with pomp that's going to be great he takes us through some
charts if you want to support the channel easy thing you can do is
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