in today's video i'm going to share with you five altcoins that i think have the potential
to do very well in a bitcoin bear market if you follow the crypto market on a daily basis like
i do and you've been around in prior bitcoin bear markets like i have or have studied the history of
these crypto coins like i did you understand that altcoins in bitcoin bear markets are a lot riskier
than in bull markets it's harder to get gains it's a lot easier to get eaten alive as altcoins sink
this is why i find it best to look for altcoins that one can survive bear markets i.e are well
funded two have capable teams that can execute a reasonable road map three have strategic partners
that can open doors for the project four are trying to solve a real problem that necessitates a
blockchain and five are in verticals that i think will grow as a whole as this space grows i.e x to
earn l1s l2s in today's video i will be focusing less on price and more on projects i'm bullish
on from a fundamental level no meme coins if you appreciate this content it would mean a lot to me
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i encourage you to learn join and grow with us coin number one is an incredibly new project
yet it's bursting with potential it's in a vertical i'm bullish on it's well-backed
it's got great strategic partners the coin is called optimism the ticker is called op
and it is an ethereum layer 2 scaling solution one of the reasons why i'm so bullish on optimism op
is because it's already done this integrating it's already being used and is currently in
the process of air dropping its token to network users strategic partners and even
everyday average users like you and me if you're on ethereum and you use optimism potentially you
could be airdropped tokens in the future because they want to reward the people who already
understand and use their network and you can see they've been distributing their tokens to some big
players optimism allocated 5.4 of their op supply to be distributed to projects and communities
within the optimism ecosystem with phase one of this program chain link for example was allocated
one million op tokens if you're bullish on ethereum and specifically ethereum layer 2
optimism is a roll-up blue chip the rise of ethereum l2 in the coming years represents
a monumental opportunity to usher in a new era of the human centric internet this is a chance
for truly massive real world impact what a time to be alive and like i said the op token it's so new
it currently doesn't have a market value but we understand the tokenomics we understand how
this is going to function and be distributed and missouri a reputable crypto data analytics
aggregator and provider they recently put out a report their prediction on what they think
the price of op could be expected price for op is two dollars they say with a fully diluted
valuation of nine billion this valuation however is predicted using thirty percent of the supply
distributing as we know almost five percent of the whole supply is being distributed
so the price should be multiplied by six so two dollars is you know a pretty fair potential
price prediction six dollars and sixty cents is also a pretty fair price prediction a more
moderate price prediction twelve dollars per op token then a very optimistic price prediction for
optimism is 16 and 80 cents you know this token does not have a market value currently anything
could happen op makes our list today tell me what you think in the comments section below coin
number two is celebrating its three three-year mainnet anniversary today chain link thanks to
our global ecosystem of developers researchers data providers node operators community members
and more who have helped build chain link into the foundational infrastructure for web
chain link is a blue chip in its own category a decentralized oracle crypto service chain link
also one of the best performers in a bitcoin bear market ever for all altcoins specifically for last
bull run now chain link has a lot of things going for it with 5.8 million plus all-time
requests fulfilled chain link vrf verified random function is the industry standard
for secure on-chain randomness devs are rapidly adopting the highly scalable gas efficient vrf
version 2 to build the next wave of nfts and web 3 games it's amazing to see the success of projects
like chain link over the past couple years on blockchains such as b and b chain and polygon
multiple chain link oracle networks have reached a point of self-sustainability from dap fees
alone dap fees revenue this is so important to sustaining a crypto protocol this economic
efficiency represents the path forward for how chain link feeds operation in the long term chain
link ceo sergey nazarov describes the importance of self-sustainability and how chain-link fees and
staking will grow smart contract usage listen to this we have multiple chain link oracle networks
that have now become profitable simply from the point of view of that fees this is a unique
and special milestone in my opinion because many if not all blockchain systems rely on something
called a block reward many of them rely on it to over 98 with user fees only making up two percent
some of them rely on it anywhere from 60 to 70 percent some of the more widely used systems
we have achieved certain distinct oracle networks certain committees of nodes
that are able to run so efficiently thanks to ocr have achieved efficiency because of
the efficiency gains of the chains they're on and have enough user demand happening quickly enough
that they have um become completely profitable they don't require a block reward or an oracle
reward of any kind to operate coin number three making our list today in my opinion is one of
the best l1s in the space one of the best ethereum competitors it's differentiating itself bigly from
ethereum ethereum tries to you know gear itself towards maximum decentralization well avalanche
is gearing itself towards maximum scalability and just maximum users with the cheapest fees
it's just going about it in a totally different way which is why i'm putting it on the list today
with the success of binance smart chain last cycle i think avalanche could find success in a big way
in the coming year or so and of course i'm talking about its native token the avax token as the coin
that makes our list today now avalanche has a huge ecosystem they're well-funded they have great
strategic partners 478 projects in 20 months the rapidly growing avax ecosystem and it really has
grown so much in the past 20 months the trend is your friend i expect a continuation of this growth
especially in the gaming space from a tokenomics standpoint 66 of all avax is locked in 1470
validators avalanche is the fastest most decentralized proof-of-stake crypto platform in
this bull's opinion either way i think abex has a strong future ahead and one of the most important
metrics important graph to look at is monthly active users for avalanche including only c chain
the purple color so no subnets the monthly active users remains very elevated around 75 percent
from january all-time high the small drop over the past few months is in line with the general
market downtrend and guess what subnets have just started to come online so we're in the
early stages of avalanche adoption i'm looking forward to seeing how it develops in the coming
year plus another l1 which i'm hugely bullish on is cardano cardano like avax but totally different
is differentiating itself from ethereum in such a big way beyond that cardano's making massive
milestones i'll share with you one in just a second and then even further the reason why
cardano makes our list today is because ethereum bloomed in 2021 as its ecosystem was blooming
cardano in 2021 did well but its ecosystem really wasn't blooming it really wasn't until the
end of 2021 when cardano even got smart contract capabilities so today cardano's ecosystem has a
great trend it's really blooming and that's why they make the list today and the milestone is this
cardano native assets minted reach 5 million as ada spikes by 12 percent the cardano network
has now seen the minting of over 5 million nfts according to pool.pm data the number of
native assets issued on the cardona blockchain is presently 5 million plus with 54 000 plus
distinct mining policies the cardano blockchain can natively generate interact with and delete
custom tokens or assets native indicates that users can interact with these custom assets
straight out of the box without having to employ smart contracts back in 2020 cardano creator
charles hoskinson predicted that the cardano ecosystem would witness growth as there would be
hundreds of assets thousands of dapps tons of interesting projects and lots of unique
and utility this is the direction it's heading now per recent data from asari cardano is
recording the highest 24-hour adjusted volume of transactions adjusted transaction volume remains
a good way to isolate only the most important transactions if you're bullish on cardano let
us know why in the comments below next coin making our list today kind of a dark horse in the space
it's integrated everywhere it's been around forever it's just recently went through a major
protocol upgrade despite all this it did not do very well in 2021 versus bitcoin it's almost
the lowest it's ever been it makes our list today because it's so low versus bitcoin and well let
me just share this with you litecoin holding this uprising meme line on monthly is litecoin's last
hope in my opinion any monthly close below we probably revisit 2018 lows in the 20s
i do have a lot of confluence that this low is already in though we should find out soon and
if the low is in and if we or even near the low i could see a major rally for litecoin
especially because it's only been about a week but this major upgrade is fully implemented
mimblewimble the largest upgrade of the litecoin network ever successfully launched essentially
mimblewimble is an opt-in feature that provides fungibility and confidentiality improvements for
day-to-day transacting along with the inability to view address balances total anonymity when you
use litecoin for purchases that's a pretty cool feature and besides that as i indicated basically
everywhere bitcoin is accepted litecoin is accepted there are now over 31 000 litecoin atms
around the world because litecoin was just a clone of bitcoin because litecoin has been sinking so
low for so long and because we've just seen this upgrade i think a light coin rally even if it's
just a relief rally i think a light coin rally is imminent of course this does really depend on the
strength of bitcoin we'll have to see what happens but because litecoin is a dark horse it makes our
list today i know it's controversial you tell me what you think of litecoin below the honorable
mentions on our list is mina protocol mina ranked number one based on github commit history
probably nothing i.e the devs in mina are doing something and of course guys in bitcoin bear
markets perhaps besides stable coins the best coin you could accumulate historically speaking
is bitcoin bitcoin does the best in bear markets a lot of old altcoins do not return to prior
all-time highs historically speaking of course you know we're so early in this industry in general
so i'm hugely bullish on bitcoin i am going heavy cost averaging let me tell you why bitcoin
lightning network capacity crosses 39 bitcoin marking a new all-time high so bitcoin layer 2
really doing well back to the charts bitcoin has entered the heavy accumulation zone the
white which shows us that larger entities or a large percentage of the network are accumulating
looking over the last cycle we saw this heavy accumulation zone on price run-ups and macro
bottoms so people are accumulating bitcoin and people are bullish on bitcoin a recent analysis
shows that most of the institutions that purchased bitcoin in 2020 still have not sold people buying
bitcoin holding bitcoin not a lot of selling bitcoin for some of these major players so
i surely think bitcoin will break all-time highs again i'm hugely bullish on ethereum i'm hugely
bullish on the cryptocurrency space but out of 13 000 altcoins obviously just like any startup you
know a lot of them aren't going to make it so you tell me which altcoins on today's list you like
and which altcoins you think we should include on a future list because i want to research the coins
you like and i want to understand why you like them that being said my friends my name is aaron
at altcoin daily see you tomorrow for another daily informative valuable video