hey welcome back everybody to altcoin daily 2022 in my opinion is going to be a huge
year for crypto currency thinking back 2021 started with a bang and ended in a slump well
i think 2022 although it might be starting in a slump will end with a bang and with that i want to
go over some of my top projects in the space today that i think if you're involved in cryptocurrency
you need to know about these projects they're making big moves if there is a cryptocurrency
project that you think deserves to be on this list if there is a cryptocurrency project
that you're bullish on in 2022 comment that project below i'll be looking at the comments
i'll be responding to the comments and if you're new to the channel make sure you subscribe
we drop one video every day keeping you informed demystifying the cryptocurrency market if you're
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subscribe to the channel and let's get into it you know one reason why i remain bullish despite
the slump that we're seeing in the beginning of this year is because adoption is orders of
magnitude better than it was any other cycle before and any other year before in this case
institutional adoption where this is the first cycle where institutions are truly getting
involved check out this metric institutional adoption is taking off on coinbase 2020 q3 17
billion was held for institutions this seemed like a lot billion and it was a lot until you compare
it to the next year 2021 q3 139 billion held for institutions a 700 increase another reason why i'm
so bullish on cryptocurrency is because i'm so bullish on bitcoin i'm so bullish on the market
movers i mean this data is undeniable bitcoin exchange outflows sees the biggest daily spike
since september of 2021. people are buying the dip from every exchange bitcoin is leaving exchanges
almost 30 000 bitcoin leaves major exchanges in a single day as buyers copy miners in taking bitcoin
supply off the market yeah did you hear about this miners are not selling their bitcoin they're
holding on to it incredibly long-term bullish so ethereum has its own supply shock going on
of sorts let's talk about some of the ethereum scarcity engines which cause supply to be taken
off the market or supply not to be sold in this case ethereum 2.0 deposit contract has surpassed
30 billion in value the deposit contract allows users to transfer funds from the mainnet to the
beacon chain a parallel proof of stake network and until this is fully transitioned to proof of stake
ethereum holders cannot once they put their in the deposit contract they can't take it out again
until it is fully transitioned so at this point in time any amount of money going into the ethereum
2.0 deposit contract cannot come out in the short term that takes a play off the market
that's bullish to continue since eip1559 went live there has been a net reduction of 67.7 percent
in new eat issued with 1.44 million each burnt the merge which goes live this year is set to reduce
issuance by another 80 to 90 percent depending on the amount of eat steak this will make eath net
deflationary are you still bearish i'm not not to mention the explosion that we're continuing
to see with each layer twos uniswap has just deployed on polygonmatic as you know let's
find out what's been going on it's been only a few weeks since launch and uniswap v3 is already
the highest volume dex protocol on polygon matic on only 45 million total value locked
too so this is great for uniswap this is great for matic this is great for ethereum layer 2.
speaking of matic polygon polygon has been placed in an excellent position for the upcoming l2
wars they already have a token matic which already has liquidity they already have
multiple fiat on and off ramps they already have a huge community they already have funding plus
institutional support yes 2022 might be the year of layer twos speaking of another
layer two that has a token immutable x doing big things in this case securing god's unchain to make
this game you know fast easy cheap while still secure on the ethereum blockchain we're talking
about immutablex another scaling solution and then there's others that don't have tokens like
there's meatus there's optimism there's arbitrom i don't know if you've ever tried to
bridge to an ethereum layer too to make it so that your ether transactions are cheap and fast
i have i've bridged uh matic and i'm bridging to others and it's interesting to be at the
forefront of all of this i think all of this l2 is only going to get bigger and speaking of
l2s let's give it up for bitcoin and cash app cash app integrates bitcoin's lightning network
cash app is huge in america as you know and jack dorsey's payment app will take advantage of
layer 2 bitcoins layer 2 network huge for adoption for bitcoin being used as peer-to-peer payment
and speaking of bitcoin being used as peer-to-peer payment check out this africa and southeast asia
led the world in bitcoin peer-to-peer adoption growing 50 percent plus last year the trend is
your friend the trend is your friend and the trends in cryptocurrency on a longer time frame
are great so let's talk about let's talk about some altcoins tezos certainly an altcoin to
watch doing big things the gap jumps into nfts on tezos with physical apparel perks in brief
apparel retailer the gap is launching tezos-based nft collectibles some of the nfts will include
a limited edition physical hoodie big win for the gap huge win for tezos next altcoin making
big moves is helium network helium network records more than 450 000 hot spots interest
in helium is growing steadily as it is seen as a 5g alternative in the internet of things era and
if you're unfamiliar with helium it is a quality vc-backed project the helium blockchain is a newer
open source public blockchain created entirely to incentivize the creation of physical and
decentralized wireless networks the helium network is a physical wireless network that succeeds based
on the amount of reliable coverage it can create for users deploying connected devices on it
and when we're talking about connected devices we've just reached a milestone in that regard
so helium is doing very well before we get to more altcoins let me take 60 seconds
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in free bitcoin when you start your choice app account today let's talk about elrond
and actually talk about an altcoin project that's been around for a while you trust
and the news is this truly thrilled to announce elrond network acquires leading crypto payment
provider you trust so what do we see because of this utrust has integrated eager old utrust was
chugging along by itself before this acquisition it already had ten thousand plus businesses
well now those ten thousand plus businesses can accept eagle as payments settled in fiat via you
trust it's time to become a web3 merchant join the waiting list to be among the first to benefit
from it anyway big win for eagled and maybe even bigger win for you trust but ultimately pretty
interesting pretty cool to see next coin making our list is d y d x outlining its plans for full
decentralization in late 2022 if you're unfamiliar dydx is a decentralized exchange platform
for cryptocurrency margin trading for assets like bitcoin ethe solana dot and more the bulk of dydx
crypto margin trading products reside atop the ethereum blockchain however the exchange
recently rolled out on layer 2 ethereum for instantly settled and inexpensive trades
in the news as they've rolled out their plan it's very important to them
to be fully decentralized and that's the way they want to trend so great that's great news
if there is a coin that you think should be on the list today please let us know in the comment
section below subscribe to the channel make sure you subscribe to us on twitter we're just about
to breach one million twitter followers and with that being said i will see you tomorrow my friends