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The Crypto Market GETTING CRAZY! (Bitcoin Crash Explained!) | Whales Buying *These* Altcoins! - YouTube
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all right welcome back everybody to
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altcoin daily my name's austin in
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today's video i want to share with you
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the latest news involving bitcoin
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involving ethereum involving cardano
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energy polygon lower cap altcoins and
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then even lower cap altcoins if you're
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interested in making money with
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cryptocurrency click subscribe we drop a
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video every single day demystifying this
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cryptocurrency market
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let's jump in
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first thing i want to talk about is
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bitcoin bitcoin briefly drops below 60
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000 as major cryptocurrencies fall
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and let's really dig into this
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because it is amazing to me how fast
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sentiment can change
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when we have a dip bitcoin has dipped to
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levels not previously seen since about a
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week week and a half ago when in doubt
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zoom out and look how far we've come
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even if we zoom out a little farther we
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can see we're still consolidating near
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the all-time highs now to the ogs when
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you've been in cryptocurrency for a
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relatively longer amount of time dips
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like this don't really bother you i mean
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to me we could bounce around between 60
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and 50k for the next few weeks and to me
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that would be a healthy consolidation so
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do not be surprised if we're extremely
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volatile in both directions in the short
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term this is cryptocurrency this happens
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but i do want to dive a little deeper
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and talk about why because as of a few
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days ago bitcoin's biggest upgrade in
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four years has just happened here's
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what's changed the upgrade was called
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taproot and the taproot update means
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greater transaction privacy and
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efficiency and crucially it will unlock
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the potential for smart contracts
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meaning automatic contracts which can be
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used to eliminate middlemen from
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transactions
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so a huge update and we potentially have
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just seen a little case of buy the rumor
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sell the news which is very common in
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crypto but what this upgrade means for
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bitcoin holders in the longer term i
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think means so much more it won't
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translate to greater anonymity for your
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individual bitcoin address on the public
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blockchain but it will make simple
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transactions
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indistinguishable from those that are
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more complex and comprised of multiple
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signatures so a slight optimization and
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what this means for you in practice that
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means a greater privacy because your
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keys won't have as much exposure on
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chain
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you can kind of hide who you are a
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little better which is good says a
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bitcoin mining engineer and also with
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taproot bitcoin can now have basic smart
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contracts smart contracts like we see on
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ethereum polka dot cardano dab platforms
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taproot makes smart contracts on bitcoin
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cheaper and smaller in terms of the
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space they take up on the blockchain so
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this literally was a huge update that
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was four years in the making and i think
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we've just seen a little by the rumor
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sell the news type sell-off that's my
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opinion
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give me your thoughts on this market
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down below do you think we're heading
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higher do you think we're heading lower
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and by the way i wouldn't be surprised
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with either in the short term it's where
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this market is trending long term that i
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care about
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next piece of quick news if you hold
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ethereum looking at the on chain
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investor data ethereum is seeing its top
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10 largest non-exchange wallet addresses
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continue to grow larger while its top 10
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largest exchange addresses continue to
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shrink and this is the most recent data
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as of today and what this means is even
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though some people are selling right the
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market dipped somebody sold somewhere
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the eth wales the 10 largest
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non-exchange eth whales continue to
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accumulate while the 10 largest crypto
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exchanges continue to lose eth while the
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minnows while the dolphins are selling
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into the sphere into this flood the
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whales are accumulating looking at the
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visual we can see the eath on the top 10
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exchanges decreasing as we watch the
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eath going into the whale wallets
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increasing it is very interesting to see
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the actual data give me your thoughts
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down below if you hold eth i'd love to
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hear your thoughts
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but let's keep moving and i do want to
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say
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very quickly that altcoin daily right
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now is nominated for the blockchain
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influencer awards i will put a link down
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below
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if you've gotten value from our channel
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over the months over the years i want to
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rock the vote vote altcoin daily for
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best news source best content creator
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link down below link down below check it
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out and next piece of news involving
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partner of the channel energy the energy
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swap referral competition has begun
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there is a ten thousand dollar grand
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prize as well as twenty one thousand
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dollars in total rewards this does have
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to do with their decks which some people
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call the uniswap killer just because
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it's cheaper and faster as well as their
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new referral program which is now live
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on energy swap and let's dig in to these
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details
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this first of its kind decentralized
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referral reward project gives affiliate
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members a 10 commission on every trade
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of every referral who joins energy swap
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under them and by the way this is an
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affiliate program very similar to what
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the centralized exchanges do like
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binance like kucoin etc and while
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uniswap for example just keeps the fees
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gives nothing to its users energy swap
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is the first x to offer an affiliate
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commission if you sign up under
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somebody's link
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also all referrals get a permanent 10
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discount on all of their energy swap
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trading fees forever and they can build
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their own referral network to build a
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passive income stream as well if you
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want more information on the three
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different tiers on how to connect your
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wallet i will link this video down below
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in the video description check it out
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the news today is their referral
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competition here are the details today
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we are announcing a referral reward
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contest where the top five affiliate
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accounts with the highest amount of
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referral trade volume during the first
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100 days of this program which kicked
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off november 4th so just started
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will share in a combined prize package
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of twenty one thousand dollars paid in
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usdc stablecoin first place gets ten
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thousand dollars second place gets five
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thousand dollars etc etc and what i like
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is that this is a dex so all this
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affiliate information it's all public
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it's all on the blockchain link down
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below check it out we've talked about
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their affiliate program now let's talk
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about their farming as well major yield
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farming expansion energy creates
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liquidity pools for 19 new cryptos with
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triple digit apy
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here are the details the 19 new
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liquidity pools are chain link ave
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sandbox uniswap filecoin chili's ecomi
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etc some of the most popular assets on
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the market and many of them have triple
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digit apys for the next 30 days
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these new pools will earn significantly
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higher apis some up to 100 more for
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others and these apis are introductory
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rates that will only last for 30 days
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but even after that period ends we will
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continue to offer competitive rewards
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for high demand pools and by the way if
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they see strong user support for certain
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coins they will extend the high apys if
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they're seeing that support we'll be
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running a series of twitter polls
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featuring a handful of these coins over
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the next several weeks
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from those cryptos listed in each
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twitter poll you get to pick which one
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gets an additional 30 day extension of
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the higher apy rewards plus if you like
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follow retweet and tag three friends in
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the twitter poll you will be entered for
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a chance to win one thousand dollars
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usdc
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link down below check it out next up
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let's talk about cardano
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what is happening with this chain
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here is the data of the most active
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chains in the last 24 hours and with
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18.24 billion in transaction volume
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cardano is currently the second most
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active chain in the last day after
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bitcoin if you like cardano you like
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this and by the way the data is taken
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right from asari so very credible and my
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question to you is what do you think is
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happening on chain right now to cause
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all of these transactions
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i would guess dapps being built
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potentially
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i will do more research i will keep
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digging and
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i'll keep you updated
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next piece of quick news for polygon
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unstoppable domains taps polygon to cut
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gas fees for ethereum nft domains so
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another platform adopting polygon pretty
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interesting blockchain domain name
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company unstoppable domains will no
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longer charge customers gas fees to mint
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an nft domain name as of today they have
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completed the first phase of their move
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to polygon a layer two scaling solution
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for eth which is able to speed up
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transactions and mitigate fees and just
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a little bit more information on exactly
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the type of nfts that unstoppable
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domains offer unlike many other nfts
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which are often associated with visual
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art such as images gifs or short videos
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nft domain names are simply web domain
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names that exist on the blockchain and
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you can have verified ownership of a
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specific domain name if you choose and
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these domains also serve the dual
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purpose of providing short easy to
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remember crypto wallet addresses much
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like the dot eth names provided by the
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ethereum name service
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and of course how this affects you is if
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you hold polygon another announcement of
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adoption
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pretty cool
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and next piece of smaller cap news for
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altcoin opulus 360 founder mark
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gillespie named senior advisor to music
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nft platform opulus and just to clue
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everybody in a little bit of background
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earlier this month opulus enabled fans
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and investors to buy royalty-bearing
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slices of a new track from rapper little
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pump as nfds within hours some 927
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investors had acquired all five hundred
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thousand dollars worth of these assets
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so opulus is a decentralized finance
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slash nft platform where musical artists
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can engage with their fans and fans can
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potentially buy pieces of ownership
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through nfts for different music artists
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the news today is this mark gillespie
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just became a senior advisor and he is
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part of 360 which is headquartered in
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los angeles
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gillisbee manages the likes of calvin
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harris nikki jam frazier t smith and
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more and 360 also represents standout
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film talent including will smith jada
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pinkensmith all the smiths it looks like
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plus jason statham and others so he's
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now an advisor to opulus in a direct
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quote
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i'm hugely excited to be advising lee
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and the team at opulus and helping bring
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what i believe is a revolutionary
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product to the world opulus is
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undoubtedly a game changer and i'm very
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proud to be involved very interesting if
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you bought some ownership in little
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pumps last song let me know
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and uh we'll have to see how this plays
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out great get for opulence
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and next piece of quick news for horror
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metaverse slash horror play to earn
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gaming platform fear cross chain player
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versus player leaderboard comps coming
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to clocking hell meaning both fans of
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binance smart chain as well as polygon
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of which fear is both on need not fight
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over which chain anymore players on both
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chains will enter the same competitions
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is anybody playing the play to earn game
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clucking hell from fear nfts if you are
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let me know which chain you like even
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though it really doesn't matter as much
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anymore it's cross chain
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that is the video my name is austin like
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always see you tomorrow
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