welcome back everybody to altcoin daily today we're talking about cardano different altcoins
and the daily news of course the reason why you subscribe to this channel is because on a daily
basis we take you through everything going on in cryptocurrency keep you informed if you appreciate
that smash the like button if you're new subscribe to the channel and let's start by talking about
cardano do you hold cardano should you buy more cardano so much is going down in crypto at the
moment is cardano a hidden gem a hidden diamond in the rough let's talk about it now first of
all let's preface this by saying cardano did make our top five altcoins in a bear market list for my
reasoning behind that please check out this video but beyond that and again we're trying to answer
the question should you buy more cardano please let me know your thoughts in the comments below
let's talk about some of the big things cardano has going for it in the months ahead right now
it's an exciting time to be involved in cardano i'm seeing a lot of insane amounts of activity
and like a good decentralized ecosystem it's hard to keep up and again that was one of the things
i pointed out in this video where cardano really didn't come into itself and come into fruition in
2021 it pumped but mainly because people were just excited about the project now its ecosystem is
finally getting a chance to grow and shine so june it's a big month for cardano with its vassal hard
fork it's june it's the month of vassel testnet is live on cardano in the coming days for vassal
mainnet at the end of june vassal hard fork is a big deal for cardano it will improve the
scalability and usability of the network yes the june vassal hard fork brings reference scripts
point to script unchain instead of constantly reloading it it also improves like reference
inputs incline datums collateral core interpreter speed increases diffusion pipelining the tldr
what does the vassal hard fork do l1 throughput becomes one of the best in crypto beyond that
there's a lot of exciting stuff on the horizon for instance p to p plus gossip protocol is coming
there's a lot of specific things this does but basically after this is implemented you will have
new nodes and end users discover nodes without relays network becomes entirely organic and
self-regulated so gossip protocol something the cardano holders are looking forward to and like
i said cardano can finally directly compete with ethereum and specifically ethereum's ecosystem
which has been blooming for the past few years and some of the things cardano the cardano people are
excited about djed is coming today we have stable coins like usdc and many others soon dji launches
a decentralized algorithmic stablecoin for cardano developed by iog issued by cody backed by science
definitely big for their ecosystem big for all of crypto and definitely an interesting thing
specifically because luna their algorithmic stablecoin recently failed cardano's trying
to do things better obviously and then dapps in general on cardano continue to grow in in numbers
and in many ways the best is yet to come with dapps like we're familiar with with ethereum
launching soon we have our donna project stablecoin ecosystem we have cardano maladex next
gen dexes liquid finance ada finance lnb indigo protocol synthetics we have book nfts i mean just
like ethereum we're going to start to see the ada ecosystem bloom and cardano definitely carving out
its niche relative to ethereum and relative to the other l1 kind of like ethereum it's really going
to be more decentralized the most permissionless unlike avax or solana which is really going for
you know let's have fast cheap three throughput i mean in for instance solana down again today this
is a direct demonstration of how and why cardano is built differently cardano has never been down
this isn't a petty my crypto is better than yours tweet i mean i am bullish on solana as well this
occurrence simply reveals a big foundation to my ada investment thesis cardano is reliable so you
tell me should you buy more ada it really depends on your personal situation i'm certainly bullish
on ada as all this stuff comes to fruition let me know in the comments below what you're doing with
ada let me know if you should if i should buy more ada getting into other news i mean that's why you
subscribe to the channel we keep you informed everything you need to know just in as of today
chipotle now accepts bitcoin and 98 other crypto coins and is offering you 10 back when you pay
with crypto i love chipotle this is a big deal this is through a partnership with flexa app
so maybe you don't want to spend your bitcoin but 98 other cryptocurrencies you can pay chipotle
and get 10 off your burrito pretty cool in other news optimism this is another coin which made our
coins in a bear market list that has a lot of things going for it in other news
optimism their op airdrop is live so you can see if you qualify for free money by
clicking by typing this in your browser and you can possibly get hundreds of dollars thousands
of dollars zero dollars if you've never used or bridged to optimism which is rather easy to do
you have to check every single one of your eth addresses that might be eligible for this maybe
you only have one this is what makes a person eligible obviously a user a dow voter a multi-sig
signer donated to get coin grants on l1 priced out of ethereum and it explains them all and if
you've never used optimism guess what when people airdrop you free money what do you want to do with
it a large portion of people say i'm going to sell this free money and get something i really like
like bitcoin or ethereum and that's what we're seeing so layer two bridge clogged many people
opted in to see if they could claim op tokens as optimism airdrop recipients
leave network meaning there's been some selling price action and actually op 70 down from where
it was listed i'm just telling you this first of all this is very normal when people are airdropped
free tokens to have a sell-off but second of all if you're thinking about maybe getting involved
with optimism uh maybe start watching it closely because it is going through a major dip right now
in other news just in the fbi has charged former open c employee nathaniel chastain with the first
digital asset insider trading scheme chastain is charged with buying nfts right before featuring
them on the openc homepage price would jump 2 to 5x and then he would allegedly sell them this is
something we reported to you last year and now the doj is charging this former openc exec in insider
trading scheme good get these people out of here we don't want these people in web3 the fact is
it was quite easy to catch this person since everything on the blockchain is open nfts
are certainly here to stay though people are getting their ducks in order like kanye west
kanye west has filed trademarks to launch nfts around his yeezus brand here's the
the trademark patent this is where it mentions blockchain-based currencies and nfts and he just
did this for yeezus why wouldn't he do this for his other albums and the point is kanye recently
a few months ago came out and said i'm not doing nfts yet but he's not he's not a fool he's getting
his ducks in order in other news taking a look what's going on in the market although the market
is down canadian bitcoin etf has been aggressively accumulating 13 000 bitcoin in six weeks
on this price dip amazing to see this is how a certain level of traditional investor can get
involved in bitcoin in canada and they are buying the dip they also have an ethereum etf
i don't have the data for that i wonder if the ethereum etf is getting bought and of course we
don't have a bitcoin or ethereum etf in the in the united states yet if we did i'm sure there
would be demand for that talked about ethereum layer twos earlier in this video let's talk about
bitcoin layer two take a look at this bitcoin lightning network capacity continues pushing
to new all-time highs despite recent price decline although still in its infancy bitcoin l2s continue
to show consistent growth allowing bitcoin to scale as a medium of exchange great to see
facebook has not been scared away of the metaverse facebook now their parent company called meta
definitely still trending to go full metaverse because they changed their ticker symbol it used
to be fb now their ticker symbol is meta their stock ticker has changed plenty of money still
going into crypto as binance labs closes a 500 million web 3 fund for crypto startups new fund
will invest in web3 companies and incubation early stage ventures and late stage growth phases so
there's still so much creation building and growth to come for cryptocurrencies projects already
launched continue to build we've gone over some in this video and on this channel and of course
projects that could not stand the test of time their developers are migrating five blockchains
competing over terra developers what you need to know is at least five blockchains have extended
invitations to terra developers looking for a new home to come build on their own protocol each
project has set its own incentives with three of them claiming that terror devs have already
reached out to migrate over this comes three weeks after terra's algorithmic stablecoin entered a
death spiral that ended up wiping out 43 billion from the crypto market which five blockchains are
we talking about that we know of each layer two polygon alternative layer one algorand injective
cadena v chain so almost a whole spectrum here of different l ones or different crypto protocols
competing for terror devs that is it for me today my friends let me know what you're doing in the
comments below like the video if you got value in today's video and i will see you tomorrow