all right welcome back everybody my name is austin today i want to share with you the top
six altcoins set to explode over these next 12 to 18 months we're gonna go over what each coin is
and why these coins have potential three things to know before we start number one the majority
of my portfolio is mainly bitcoin my ultimate goal is to accumulate more bitcoin doesn't mean that a
handful of alt coins won't make it in the end i think they will but 99.9 of all coins will fail
i believe so you take on risk when you choose to invest that's number one number two i am not
a registered financial advisor i can't see the future i ultimately don't know what the price
of these coins will do tomorrow and neither do you what we can do is do the research watch the trends
and see to which coins the money is potentially flowing so that being said check the time stamps
down below and let's jump in coin number six that is potentially going to do very very well
is ethereum right now trading at one thousand one hundred and ninety two dollars per eth per token
we have seen in the last few months some of the most notable investors in this space raul paul
as well as tyler winklevoss and more come out in support of ethereum as an investment now these two
videos are linked down below in the description check them out but in 90 seconds or less what
is ethereum and why does it potentially have value it is important to note that even though
ethereum and bitcoin are often compared to each other they're two completely different projects
trying to be two completely different things what do i mean by that well bitcoin is a non-sovereign
hard capped supply global immutable decentralized digital store of value which we're seeing people
and institutions use as a way to protect their wealth against endless money printing that's
clear it's like a digital gold ethereum is trying to be something else it doesn't have a fake supply
it's not the hardest form of money we have but think of it sort of like a global super computer
where anybody anywhere can build on top of without the permission of a middleman ethereum is a public
open source blockchain based distributed software platform that allows developers to build and
deploy decentralized applications while bitcoin for the first time in human history gives you the
option to be your own bank ethereum gives you the option for banking type services like credit and
lending without the need for a middleman there's a lot of value potentially there and finally with
the full ethereum 2.0 rollout happening within the next few years for the network's scalability there
is a lot to look forward to with ethereum let me know your thoughts down below in the comment
section that's coin number six coming in at coin number five and speaking of decentralized finance
lending and borrowing is a cryptocurrency called ave right now trading at 107 dollars
per ave per token let's talk about what it is and why it potentially has value long term
so what is ave beginner's guide one of a number of emerging defy cryptocurrencies
ave is a decentralized lending system that allows users to lend borrow and earn interest on crypto
assets all without a middleman well how's it do this exactly without a third party running on
the ethereum blockchain ave instead is a system of smart contracts just automated contracts that
enable these assets to be managed by a distributed network of computers running its software this
means ava users do not need to trust a particular institution or person to manage their funds they
only need to trust that its code will execute as written very interesting but can we trust the code
well the ave protocol has been audited and secured and the protocol is completely open source which
allows anyone to interact with the user interface client api or directly with the smart contracts so
it's audited people can use it and in fact we're already seeing massive utility on the protocol
over two billion dollars right now of people depositing their assets peer-to-peer lending
and borrowing without any centralized middleman hey and by the way while in the u.s or other big
nations banks for this kind of thing work fine especially in those more underdeveloped parts of
the world this could be huge for giving average people financial freedom and what can we expect
from them in the future well at the end of last year ave raised over 25 million dollars to bring
defy to institutions ave ceo says the investment will help ave expand into the asian markets and
bring defy closer to institutional use interesting as i get more information as this cryptocurrency
market develops i will make a video i will let you know so let me know what you think down below
but next up coming in at coin number four is polka dot currently trading at 8.99 per token per dot
with a market cap of just over 8.5 billion dollars i can see polka dot doing well created by gavin
wood who was one of the co-founders of ethereum he invented solidity which is ethereum's native
programming language he left ethereum and started dot think of polka dot like this right here it's
aiming to be sort of the internet of blockchains offering not only interoperability so different
blockchains can connect and talk to each other but also like ethereum its own thing a dapp platform
where we're seeing an ecosystem grow on polka dot as well i expect this ecosystem to get bigger and
bigger and bigger like we've been seeing over this last year and if you want an exact quote
polka dot is a next generation blockchain protocol that unites an entire network of
purpose-built blockchains allowing them to operate seamlessly together at scale
it connects several chains together in a single network allowing them to process transactions
in parallel and exchange data between chains with security guarantees for those of you who want more
information i highly recommend i'm going to link this video down below in the description can polka
dot cryptocurrency make you a millionaire we give a realistic breakdown of the project so definitely
a coin to watch and what you should expect from polka dot in 2021 well let's let's polka dot
founder gavin wood look back on the year and then tease substrate 3.0 early this year check this out
in a 2020 roundup published on wednesday wood highlighted polka dots rise to become the number
one crypto for staking based on the volume of staked coins so according to staking rewards over
63 percent of the 1.02 billion dot token supply is locked up in staking wallets now the reason
you would stick the coin is to contribute to the network to vote to help with governance
but this also means that 63 percent of the supply is locked up which is good for price as i find
more information on polka dot this year i'll keep you updated i'll keep making videos let me know
what you think but coming in that was number four coming in at number three as a cryptocurrency to
watch in 2021 is synthetics or the snx token currently trading at 10 and 80 cents with
almost a 1.5 billion dollar market cap put synthetics on your radar because check this out
well bitcoin for example is going after digital gold the store of value market which roughly right
now is valued at 10 trillion dollars synthetics is aiming to revolutionize the derivatives market
which right now on the high end is often valued at over 1 quadrillion dollars huge
so let's dig in what is synthetics synthetics is a software that allows users to mint new crypto
assets that mimic both real world assets like the us dollar and crypto assets like bitcoin
mimics them in the sense that then you can trade them without the permission of any third party
and synthetics enables this service through code without the need of a financial intermediary okay
i get it pretty clear and what the snx token is used for to collateralize an asset on synthetics
users must purchase its snx cryptocurrency which once locked in a special contract can be used to
generate these new assets called synths for example one synth designed to mimic the value
of the us dollar is called susd another synth which mimics the bitcoin price is called sbtc
and all of a sudden cryptocurrency as well as real world assets are tokenized and markets can be
traded the last thing i want to share with you is what to expect from synthetics in the near future
optimism which is a layer 2 ethereum scaling solution trial run is set to go live in two weeks
it is debuting on synthetics in mid-january and this is meant to make the scalability of ethereum
and tokens on the ethereum blockchain like synthetics more scalable more usable so until
we get ethereum 2.0 fully things like this help ease congestion and synthetics is paving the way
okay speaking of easing congestion as well as interoperability coming in at coin number
two is cardano and their ada token currently one ada is trading at 29 cents per coin with
a market cap of just over 9 billion i think as ethereum inevitably gets bigger and bigger and
as congestion on the network keeps getting higher ethereum users developers products will spill over
into gardano as a more scalable option now something to note that while cardano doesn't have
the dap ecosystem like ethereum does ethereum is killing it in that aspect cardano like polka dot
has one of the creators of ethereum who left to found his own project and cardano differentiates
itself from other dap platforms in a few ways so what is cardano cardano differs from other
projects by emphasizing a research driven approach to design aiming to achieve an academic rigor it
believes will propel adoption of its technology so why do we say research driven well as of 2020 iohk
the company that built cardano has published more than 60 academic papers outlining its technology
got them peer reviewed and inked partnerships with global universities in the process
so that is a significant differentiator and then of course the two other big ones
for example cardano's consensus algorithm or aboris has been deemed provably secure by
a process of formal review so well researched and additionally cardano's code is written in
the formal specified haskell programming language commonly used in the banking and defense sectors
so there is a lot of promise with cardano on top of that at 58 million dollars usd
the cardano treasury in 2021 has enough money to purchase a falcon 9 rocket including the launch
so they have a treasury to back it up as well as next piece of news iohk expands their cardano
development fund with the launch of a 500 000 funding round so what does that mean to you in
fund 3 community members can submit proposals for the future development of the cardona blockchain
and decide through catalysts novel on-chain voting process which proposals are funded so
you if you hold and stake ada have direct voting power on the future of where this blockchain goes
project catalyst aims to be the world's largest decentralized innovation fund
with over 1 700 community members registered to vote and it has already surpassed the number of
unique voters in other prominent projects such as dash as well as all of ethereum's top 100 dows
decentralized autonomous organizations combined this should lead to low rearing the barriers of
entry for developers more adoption in west africa so keep it on your radar let me know if you like
cardano in the comments that was number two coming in at coin number one for altcoins which
could potentially explode in this next year is chain link right now with a market cap of
almost six billion dollars with one link token trading at about fifteen dollars per coin per link
you know that chain link is providing a network of decentralized oracles for blockchains like bitcoin
like ethereum to access outside information now have you seen this the metrics tweeted out by the
organization itself 2020 was a year of record growth for the chain link network here is an
overview of key metrics like our adoption defy implemented research and blockchain integrations
there is huge data and partnerships to back up why chainlink is the most widely adopted oracle
and on-chain data source for cryptocurrency as of right now in a recent video we did a full
deep dive on chain link i'm not going to waste your time this is linked right there down below
in the description chain link cryptocurrency price prediction in 2021 highly recommend you
watch this video it is linked down below right now check it out but that is the
video let me know what you think about these picks down below like always see you tomorrow