4 ALTCOINS 👉 INSANE POTENTIAL!!! WHY I'M BULLISH | CRYPTO NEWS
Only one institutional grade property that is truly scarce, thats ever become an investment, great asset for the public markets and thats bitcoin. Welcome back everybody to altcoin daily, my name is aaron in todays video. I want to go over four or five different altcoin projects that are making big moves that you need to know about. Of course, the reason why you subscribe to our channel is because, on a daily basis, we drop at least one video every day, keeping you informed news, opinion interviews, perspective analysis, thats, exactly what were doing today. We have so much to talk about in todays video make sure you check the timestamps below make sure you watch the entire thing. Everybody take two seconds and softly tap the like button and also go in the comments section right now and comment which altcoins you want us to cover in future videos and with that being said, lets dive in and take a look at the current state of the Market and let me show you which altcoins are building first of all, the sec has recently just rejected the van ack bitcoin trust spot etf. It did not, however, condemn blockchain or cryptocurrency, so the sec recently approved a futures. Bitcoin etf surprised, a lot of people. Many were expecting a spot etf to be approved recently did not happen, but thats. Okay, bitcoin is just as scarce as it has ever been and more than that, taking a look at the price chart.
Confidence in the asset class did not suffer bitcoin at all. Time highs consolidating at all time highs ethereum, consolidating above all time highs. How could you not be bullish and to understand? Perhaps it seems to you like its boring right now? Maybe it seems to you like youve gotten in too late. I dont think that at all its time in the market, not timing, the market and during the boring times in the market, pay attention to projects implementing progress is happening and im going to show you what progress is happening right now before we talk about specific projects. Lets just take stock and understand that the world is changing so much in such a positive direction towards web 3, which is kind of like the soft name for crypto now and its just so cool to see how these huge brands that had nothing to do at All with cryptocurrency in years past are now signaling we want in before we get to specific altcoins. Did you realize starbucks is getting in to web 3 and crypto quote through blockchain or other innovative technologies? We are exploring how to tokenize our rewards program. So if youve ever been to starbucks youre already aware that, basically what they already have regarding with their app its basically like a cryptocurrency already, except not on a blockchain, it would make sense to tokenize this, and this is not according to the barista. This is according to the ceo of starbucks, so first mcdonalds sells nfts, then burger king, then so many athletes and sports organizations now starbucks getting into crypto whos next whos next whats.
Next, let me know in the comments below now speaking of progress during boring times in the market lets talk about it, which projects are making significant progress, despite whether the price is going up and down in any fast amount of time. First crypto project: we have avalanche 358 projects in 13 months in the rapidly growing avalanche ecosystem. Take a look. This is what real progress looks like next on our list. Speaking of projects, making real progress, phantom keeps growing exponentially. Phantom is a fast and scalable next generation layer, one platform and lets take a look at some stats. 1.1 million unique addresses 75 000 plus daily active addresses, almost 1 million daily transactions, 44 000 plus smart contracts deployed and 5.3 billion, total value locked phantom, certainly still in the conversation next crypto project that continues to build and progress. Ave version three: the next generation of the ave protocol could change the game and heres. Why – and some of this is simple to understand. Some of this is more complex ill. Just give you the bullet points, so you can begin to understand this. First of all, ave a blue chip already theyre launching their version 3. Now its packed with tons of brand new features. Take a look at your screen. Probably the biggest game. Changer is whats known as portal allowing assets to seamlessly flow between ave version 3 markets over different networks, so ethereum to avalanche to phantom to cardano to solana.
This is what were talking about. This is a big game, changer also regarding ave version 3 high efficiency mode, allowing borrowers to extract the highest borrowing power out of their collateral isolation, mode risk management, improvements, thats, great layer, two specific features: these are all building to get on layer two to scale. I, like that community contributions, i mean you can read this for yourself, but do not count ave out just because were in the boring times. Ave is doing big things: how about crypto companies, doing big things coinbase like them, or hate them and theres plenty to critique when it comes to coinbase, but theyre doing huge things to spur cryptocurrency adoption for better or worse? Do you, like my portfolio, coinbase adds social media buttons, so coinbase is adding a button to let users share their crypto portfolio to platforms like twitter and instagram instantly, seamlessly its pretty cool. I mean personally, i would never share my exact crypto portfolio, not even with friends but regardless how you would do it and im not trying to tell you what to do. Plenty of people are going to do this, and more than that, you can start to try and like envision the future understanding that this is the kind of thing that gets more people to buy, seeing all their friends what their cryptocurrency portfolio is, and people comparing them And anyway, this is going to send cryptocurrency to the next order of magnitude higher, and this is all with the macro backdrop of money printer go bur.
They continue to devalue the dollars that everyday people use on a daily basis. The purchasing power of your money is becoming less and less used to be kind of decade by decade, then, year by year, now month by month now week by week, and what this does is, i mean pretty much. First of all, scarce assets should increase in value, but more than that, all investable assets should increase in value, and you know people are looking to get out of cash, get into something that wont lose value as fast as the dollar. So what do you think? Knowing that the us dollar is getting devalued deflated away, whats a better hedge, is it gold or is it crypto? I really appreciate what anthony scaramucci had to give for his answer. You know what is a better hedge for inflation, gold or crypto. I really appreciated how he articulated it, whether you like this guy or not what he says to this question i think, is true, but you tell me what you think, which is the better hedge for inflation, gold or crypto joining us now is anthony scaramucci. He is the sky bridge capital, founder former white house communications director and a cnbc contributor, its good to see you this morning. Good morning, scott lets start there id like to hit you with a bunch of different topics, but we have had gold come back in vogue. If you will, as the debate on inflation continues to heat up, does that form some competition again for crypto? Listen, im! Never going to sell short gold, its got a 5 500 year history of offering a store of value, but like everything in our society, when you get a technical property where theres a massive improvement.
That has a tendency to eclipse things, and so you know we we had dvd scott and we moved to netflix and streaming. The satoshi nakamoto white paper basically put us into a new era, and the technical properties associated with bitcoin are infinitely better than gold. You can move it costlessly, you can store it virtually costlessly uh and it has uh this it. You know ledger that is completely missile locked. You know you cant hack it, and so with 21 million coins and its scarcity remember, we only have 65 percent of the gold mined right now. The shortage of supply, the technical properties, i think its probably going to be 10 times better than gold over a long period of time, but for right now bitcoin is pacing. What people like michael saylor and kathy wood are predicting that it will do. It will eventually eclipse gold its about a 1.2 trillion market cap today, golds roughly 11., but i think bitcoin gets there. Scott the same way were using our smartphone today and not using a rotary phone. Then the final crypto project, which is making huge progress. Well, the news is this: that the new england patriots, american football team, which is one of the most successful american football teams with the biggest fan base, has just signed with ethereum fan token platform. Socios, the patriots are the first nfl team to partner with the firm. Although no fan token is dropping for now, at least so this is the cryptocurrency project, whats, basically the social.
Basically, what is the fan? Token platform? You know what token is associated with this. Well, i would say: chilis chilis the worlds. First, tokenized sports exchange chili token powers. The socios fan engagement app. So i would say this is probably pretty good for chilis or projects like chilis and thats. Why im putting them on our list today and theyre looking good so which alt coins did i miss which coins are making huge progress? Let me know in the comments below i do want to remind our audience. I continue to stack bitcoin on a regular basis. I know a lot of people do. Bitcoin is like my savings account. Altcoins are, like you know, different things that can help you. You know. Obviously they appreciate far faster and higher in bull markets, but i guess the point is: do not count bitcoin out.