CRYPTO V
Welcome back everybody to altcoin daily where bitcoin on the weekly chart took a dive over the last couple days bitcoin is actually broken below this support that has been holding strong for months now since last year we're on the weekly chart what this means to me.
is that bitcoin needs to bounce back up above this line try and maintain this line we have until end of day sundaywhen the weekly candle closes if it doesn't happen it is possible we see more downside ahead either way i think we're very close to a bottom i do think that a 100k bitcoin is inevitable and we can see unchained that probably many people believe this because it's a fact people are buying bitcoin people are huddling bitcoin in fact bitcoin percent supply last activeover one year ago so people who have.
been holding just holding for one year or more is at an all-time high with 100 day rate of change rollover 100 day rate of change rollover is right here bitcoin being held for more than a year is right here and of course this is the price chart let's take a look at other times where this scenario has played out and what happened to the price right here the price rallied up right here was the ultimate bottom there,
was consolidation and eventually a pricerun up right here price run up right ere consolidation price run up right here price run up like i said i think a 100k bitcoin is inevitable i'm also very bullish on ethereum and i'm also very bullish on crypto let's go over some of our favorite altcoins making big news a lot of updates let me update you on many different altcoins starting with uniswap uniswap just announced that uniswap v3 has deeper liquidity in ethiosd and eat bitcoin pairs than leading centralized.
exchanges coinbase and binance decentralized exchanges are taking ove awesome metric so ethereum is getting used whether it's nfts defy dexes ethereum becoming the base layer for 80 plus of execution environments is inevitable in the next five years barring a black swan event of course do you think it's possible i'm certainly bullish on eth i'm also bullish on other l1s and other cryptocurrencies let's talk cardano fun fact if you counted the staked ada cardano's total value locked would be over 19 billion dollars
why don't we count it because you don't need to lock your ada to stake it very cool what about polka dot polka dot now lets you natively send tokens across parachains maybe you don't think this i a huge deal it is let me explain polka dot has enabled a messaging system called cross consensus messaging format xcm this allows all polka dot based block chains to directly communicate with each other for the first time polka dot is an ecosystem of connected blockchains one way to imagine it is to think of a wheel with a hub and spokes the spokes represent each block chain.
known as the pair of chains and the hub is the native blockchain element that connects everything together the goal is to always make it possible for these pair of chains to talk to one another something that xcm now enables let's talk nfts because nfts like it or not continue to just get more mainstream i don't own a doodle it'd be cool to own a doodle i guess i think the floor is over 28th at this point billboard president is the nude the president of billboard is stepping down from billboard to.
become the new ceo of an nft project doodles which other big ceo will make a move into web 3. this is a huge win for doodles a huge win for nfts and of course nfts have a lot of wins over the last couple years celebs and nfts mark cuban has an nft portfolio of over 500 million logan paul bou ght a crypto punk for 170 000.
jay-z bought a punk for 140 000 pari hilton tons of nfts including a boardapi club for over a quarter million justin bieber bought a board ape for 1.3 million he overpaid for a floor ape either way he has one if you are a fan of nfts perhaps you are a fan of theta and theta labs sony and theta labs launch 3d nfts that you can almost touch the limited edition nft collection will be viewable on the sony spatial reality display which.
creates the sensation of a solid 3d object without any accessories big win for theta partnering with sony to do this question for you let's talk polygon question for you what do spongebob and warhammer have in common both their mobile games are coming to polygon these are the details free to play mobile game publisher tilting point has entered into a multi-year partnership with polygon studios to.
launch 10 web 3 games over the next two years polygon studios and tilting point plan to help native web3 game developers scale their games alongside free-to-play developer partners as well as studios that want to bridge from web 2 to web 3 gaming polygon studios ceo ryan wyattshare the company's excitement about championing user ownership and immersive game play of course founded in 2012.
tilting points most popular free to play games include warhammer chaos and conquest narcos cartel wars and spongebob crusty cook-off huge win for polygon so much building so much good is happening in crypto of course we'll always have the fudsters senator elizabeth warren goes after perhaps the safest play in crypto senator elizabeth warren raises concerns about fidelity's bitcoin retirement plan crazy it's not even crypto it's just bitcoin this is common sense quote we are concerned that fidelity would take.
these risks with millions of americans retirement savings wrote senator tina smith and elizabeth warren i can't believe this to me this is a no-brainer something else that i want to talk to you about today is the sponsor for today's artecle transient network your global dapp marketplace transient's mission is to put smart contracts in the hands of everyone with code free smart contracts their intuitive platform breaks down barriers to mass adoption allowing anyone to be part of the action with no dev tools required anyone can.
check out transient's website today we interviewed their ceo a while back i will link the website down below and let's actually highlight one of their premium products splash your web3 home of prediction pools splash is a decentralized hub for prediction pools covering all possible outcomes across a wide range of industries and opportunities featuring in the first version crypto esports sports all powered by transient's ecosystem of smart contracts splash comes to disrupt prediction markets bringing the decentralization.
bringing the fun to the user side let's be clear splash is not a regular bookmaker taking advantage of high prices to make a margin for profit from its beginning transient believes in empowering the community as a cornerstone on splash all the information you need is right in front of you check contracts transactions prize pools and more your destiny is in your hands you decide what's most fair what's most fun to make some crypto by using your wisdom and predicting results or create a pool and the more entries.
the better every entry increases the overall pool and your chance to take home some well-deserved their native token tsct so they have splash for crypto ready and live right now you create custom pools also every coin and potentially every
outcome you can think of they have splash for esports coming this month so
dota 2 cs go league of legends are some of the bi names that will be available that you can create pools and potentially get some ts ct coins and then regular sports are coming to transient and splash as well june 2022 football tennis world cup soccer mma basketball nba nfl splash is the perfect product for the blockchain everything verifiable automatic check out transient and splash below participate responsibly follow all laws and let me know if you use it by the way transient has a small market cap and is.
currently available on both uniswap and pancake swap also they just listed the tsct token on elbank that's it for me today my friends my name is aaron a altcoin daily appreciate you being here even in the dark times i have a lot of faith and a lot of belief which comes from research and putting my nose to the grindstone and actually looking what's going on underneath the hood of crypto i'm pretty bullish on this industry and if you're here right now i assume that you're not a weak hand and you're pretty.
bullish on a 2 and you can see the asymmetrical potential outcome that is on the horizon see you tomorrow..
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