Hey yo, whats going on…it’s been a while since we were together! After a short break,
I’m back in the saddle again and ready to provide the best crypto content on the place
they call the TUBE. It’s a fresh year, so let’s start out fresher than a brand new lamborghini.
You know our drill, even if it’s been awhile. Because it’s time for Chico Crypto!!
Well we gotta start out with the grandaddy of all coins….BTC, Bitcoin. My last video
was around the 13th, and Bitcoin was at around 47,000…well right through the holidays, Bitcoin
pumped, and just after Christmas touched 52k…but right back down we went to where we started…and
then evern further below, down to below 41k….and what’s so shocking about this?
This is right where Bitcoin started 1 year ago…in January of 2021.
Sooo, BTC didn’t do what many expected. Even myself. It didn’t hit around 100k…it didn’t
hit Plan B’s prediction of 135k…shoot it didn’t even hit back into the 60k region.
Which of course Mr B responded to BTC’s lackluster price performance and his models.
He tweeted “ICYMI (In Case You Missed It) 1) floor model failed, I will not use it
again. 2) S2F-Stock to Flow-model is at the same critical point at the sd (standard deviation)
band as when I wrote the S2F article in March 2019. IMO S2F is still useful, in fact the model
is most useful in critical situations. I will watch if S2F stays within 1 standard deviation.
So Plan B axed his Floor model chart, but is still sticking with his Stock to Flow,
which as we can see with the current BTC price we are just out of the 1 standard deviation band,
and into the next band, 2 standard deviations.
And as we can see throughout the past, BTC hasn’t been in this lower band level for long.
If you look at those past touches of this low band, which there is more than a few,
middle of 2020, end of 2018, into early 2019, throughout 2017, middle of 2015.…,a touch usually
signaled a bottom, and after BTC would move upwards back into the 1 standard deviation band.
Which even the creator of the model spoke about. Plan B said “I use models to protect myself from
emotions. Right now most people, including myself, fear further decline of btc price and want to
sell. But S2F model shows btc is at the low end of 50k-200k 1 standard deviation band, a buy signal.
Plan B. is saying with these current prices and according to his s2f model,
it’s a buy signal….but what if his model is wrong? When would his model become
invalidated ?? Well Plan B explained this. He tweeted in response to that question
“When btc spends most of its time in the white instead of the blue.”
But what about altcoins??? Which altcoins through this major bearish downtrend have
been hodling strong?? Well Can you SMELLLLLL what Sergay is cooking???
Yes, I’m talking about that Stinky, Stinky link, who you can smell from a mile away…
Chainlink went from a low of 19 dollars and 13 cents to end the year December 31st,
to as of yesterday 27 dollars and 17 cents. Only a 42 percent increase in a week and half. Now
pretty much everything else got killed price wise in this time period including bitcoin,
which means chainlink’s bitcoin price ratio also went wild.
So what is the reason for this stellar price performance??? Well I could explain it,
but we might as well let the flan man himself tell us. Let’s listen to what Sergay had to say
to begin 2022 on January 1st…and after that he dove in further,
reiterating that it’s coming this year and they are working hard to get it out….
So when this year? Like this quarter Q1? Mid year? Or a disappointing end of the year??
Well, there was a very interesting article put out on Chainlink and
staking and it definitely could have leaked some information,
that wasn’t supposed to hit the airwaves just yet. But luckily your Boy Chico caught it…
The article was from Decrypt and titled “Next Up for Chainlink in 2022:
LINK Staking and ‘Internet of Blockchains’.
The article states “In an exclusive interview with Decrypt, Chainlink Co-founder Sergey Nazarov
shared what’s coming next. Most notable for DeFi degens: staking is coming,
something Chainlink had not confirmed elsewhere beyond a mention in its January 1 roadmap video”
Yes, Decrypt sat down with Sergay, and interviewed him….they got the inside scoop on staking. A scoop
that went a little too deep. Now within the article there is a specific section that says
this “Chainlink has been working on a staking solution for years,
and its April 2021 white paper laid out how it would work. Nazarov says the team is now finally
satisfied with the security and scalability of the consensus system they’ve designed, and is now
ready to launch staking this year. But he declines to specify when in the year it might launch”
Well that part of the article was actually edited on many occasions
and some twitter users caught the edits. A David Miller tweeted “Staking has already been audited,
Staking is already in test mode. Position yourself accordingly. There may not be much
more chances to get in before singularity…with a screenshot from the article before it was edited.
Which now says “Chainlink has been working on a staking solution for years,
and it’s April 2021 white paper laid out how it would work. Nazarov says the team is now finally
satisfied with the security and scalability of the system they’ve designed, which has
been audited and is currently in test mode. But he declines to specify when in 2022 it might launch.
WOW! Chainlink staking has been audited and is currently in testmode, aka a private testnet!!!
We all know what comes after the private testnet, usually a public one…
But I was talking about when…when Chainlink staking could be coming that edit just said
it’s audited and currently in a testnet. Well there was an edit, before that edit…
A Timo.ETH on twitter caught this one. He tweeted “Chainlink staking is ready. "It's audited,
currently in testnet" and will launch in the first half of 2022. New tidbits from the decrypt
guys. So no need to wait for potentially next december”...first half of 2022? What what what??
How can we confirm this? Well someone down in the comments says “But he declines to specify when in
2022 it might launch. Where do you get first half of 2022? Timo replies “They edited the article”
with a screenshot that said “Chainlink will launch staking in the first half of 2022, allowing link
holders to secure the network by locking up some of their link into the protocol, earning rewards.”
You heard that right, Chainlink staking will launch in the first half of 2022.
This would make sense if the code is audited, and they are in the private testing stages.
Sooo…expect Chainlink interest to start bubbling as people once again believe in the power of the
LINK…because you will be able to stake your LINK with Link node operators
and those node operators aren’t just some tiny, small fish…they are big FISH.
Chainlink put out a tweet yesterday that said “"Garbage in, garbage out"—a data quality
problem solved by decentralization. Chainlink Price Feeds feature three layers of aggregation
for more robust, globally accurate price data that's hyper-resistant to single points of
failure…and as we can see one of those layers is the Chainlink node operators,
which includes T-Systems, aka T-mobile, Swisscom, accuweather, Linkpool, and Secure data links.
But it doesn’t end with Chainlink staking in 2022. Back in the Decrypto article it says
“Chainlink is also set to launch CCIP, its global standard for messaging and communication between
blockchains. CCIP seeks to do what TCP/IP did for the internet: connect all the blockchains into
one “internet of blockchains,” and below that they give the date “CCIP will launch in 2022,
Chainlinks cross chain interoperability protocol is coming too…can you say SCHWING. Cuz Sergay,
the LINK Marines, and me…we all like to schwing. Cheers I’ll see you next time!