Willy Woo Reveals Bitcoin Price Prediction for August (SHOCKING) - YouTube

we've got an interesting um setup here um  first off let's just look at this from a  

macro perspective this is what it looks like for  a bull market this is what our pool market looks  

like it's getting stronger the buying is getting  stronger and there's no beer market inside it's  

just only getting bigger all right welcome back  everybody to altcoin daily where you subscribe  

because you're interested in making money with  cryptocurrency and this channel keeps you informed  

my name's austin that was of course on-chain  bitcoin analyst willie will going over the  

latest on-chain metrics as of yesterday  to help us gain a better understanding of  

where bitcoin may be moving next i will link the  full episode down below in the video description  

but in today's video i want to play you one  more clip from that episode as well as go over  

the realistic price path for bitcoin in august  as well as the latest news involving synthetics  

involving vechain as well as lower cap altcoin  news that you should know so like always check  

the timestamps down below in the video description  and let's jump in here is a realistic price path  

for bitcoin this cycle according to on-chain  analyst willy will according to the analyst  

bitcoin's on-chain fundamentals currently give  btc a fair value somewhere between fifty thousand  

and a sixty thousand dollar bitcoin meaning  based on the on chain activity bitcoin is  

currently undervalued in a direct quote from what  the data is showing us bitcoin deserves to be in  

the fifty thousand dollar to sixty thousand dollar  range right now based on the on chain activity  

and once we break forty two thousand dollars  that's the long term sort of line in the sand  

of the channel we've been playing at and that's  just really a big gap from there to then fifty  

thousand dollars meaning if we can break a forty  two thousand dollar bitcoin in the short term in  

august if we break forty two there's not gonna be  much time to then get to 50 000 interesting give  

me your initial thoughts down below again if you  want the full breakdown the full analysis the link  

to the full podcast is down below but what this  means to you as a bitcoin holder is although wu is  

bullish on bitcoin the on-chain analyst doesn't  see bitcoin shooting through all-time highs  

through 65 000 very quickly if and once 42 000 is  breached according to wu the flagship crypto is  

more likely to bounce around for a while in the 50  to 60 thousand dollar price range before it's able  

to make new all-time highs so some very realistic  analysis for the month of august but then the next  

obvious question would be willie if the  on-chain fundamentals are looking so bullish  

who's selling who would be the people selling  watch this 20-second clip what's interesting is  

nobody is selling right now there's no cell  pressure coming from long these these on-chain  

wallets so the only people that can be selling are  traders on exchanges who have their coins there  

which this doesn't capture that all the coins  are moving off the exchanges which we can see  

on the exchange flows okay so short term  the markets are usually dictated by traders  

and long term the markets are usually dictated by  fundamentals we know this but can on-chain metrics  

ever be wrong it's saying we're undervalued can  unchain metrics be wrong are on-chain metrics  

wrong when price action moves in the other way  well on chain tracks fundamentals from investors  

short-term price tracks trading games from  speculators from traders and i love this i love  

the realistic point of view and willie says  if price ever moves in sort of the opposite  

direction of what on chain metrics are saying  it's due to three outcomes number one traders  

speculators are mispricing the asset traders can  be wrong traders can suppress or manipulate price  

number two traders speculators can scare investors  into following them and both of these can be put  

under the category of manipulation right traders  manipulate and the number three reason that the on  

chain metrics could end up being wrong is if  the analyst is drawing the wrong conclusion  

from the data this will become more common as  on-chain data becomes more widespread and complex  

okay that does make sense you do have to ask  yourself do you trust the analyst that's your  

call give me your thoughts down below in the  comment section i'm gonna keep searching i'm  

going to have my eye out for more clips more on  chain data so i can bring you as i get more info i  

will keep you updated let's keep moving and get  to our first piece of altcoin news starting with  

synthetics synthetics goes live on optimistic  ethereum layer 2 a scaling solution the release  

which supports trading of synthetics usd  sbtc s ethan s link is part of a continual  

phased rollout of the synthetics protocol  on optimistic eath so here are the details  

in a blog post published on the 30th of july  synthetics announced that all synth exchanges  

have gone live on optimistic ethereum  layer 2 during the initial testing phase  

exchanges will be enabled for the coins  mentioned above with more cryptocurrencies  

to be added as the phase progresses and of what  benefit is this testing phase two synthetics  

well the testing phase will be used to better  evaluate network performance observe the behavior  

of users on l2 and gain other valuable insights  as additional functionality is rolled out on l2  

so expect this but what this means to you if you  hold synthetics is one of the biggest improvements  

optimism will bring to synthetics is a  significant reduction in oracle latency  

because right now the synthetics protocol  fills trades at prices reported by chain link's  

decentralized price oracle network and chain  link is obviously on ethereum however high fees  

on ethereum can often make frequent oracle updates  economically and practical creating opportunities  

for front running on l2 price deviations between  oracle updates can now be on the same order as  

an exchange fee effectively eliminating  the potential profit from front running  

so give me your thoughts on this down below as  a synthetic holder though you should love this  

next piece of big news for vechain vechain  releases new milestone for proof of authority 2.0  

successful vip v chain improvement proposal  193 test net so this is a major upgrade for v  

chain and we know that proof of authority it's way  more centralized but it is way more scalable as  

well and they are moving to proof of authority 2.0  in pursuit of our vision to enable global scalable  

mass adoption of public blockchain technology the  vechain research and development team has built  

surface in other words proof of authority 2.0  called surface standing for a secure use case  

adaptive relatively fork-free approach of chain  extension so this is the next step on the road  

map and what this will do for v-chain this novel  consensus mechanism was built to eliminate the  

weakness and gain the benefit of the two main  consensus types nakamoto consensus and byzantine  

fault tolerance bft with this new mechanism  the v chain thor blockchain can maximize its  

high throughput capabilities while also ensuring  data finality what this means in practice is that  

the high volume use cases can now exist on chain  with the highest late of data security unfounded  

in any other blockchain platform interesting  so v chain holders should really like this  

they say they're becoming more scalable while  still being able to maintain their security  

and with this major update to our technical  model vechain thor becomes the ideal open  

source platform for enterprises governments  or anybody looking to build their applications  

on a secure low-cost immutable and full-featured  public blockchain we will have to see then which  

enterprises in which government agencies choose to  then use vechain sound off down below if you have  

an opinion on this but let's keep moving next  up let's talk about lower cap altcoin voyager  

voyager digital acquires crypto payments company  coinify and in a direct quote as the adoption  

of cryptocurrency payments gains momentum the  acquisition of coinify brings a global payments  

infrastructure to voyageur's digital asset  ecosystem so this is a big acquisition this is a  

big piece of news and here are the details crypto  asset trading firm voyager digital has arranged  

to purchase payments company coinify in a deal  worth 85 million dollars in cash and stock  

so this is what voyager gave coinify in a  monday announcement voyager said it would  

issue 5.1 million shares of its stock worth  roughly around 70 million dollars as well  

as provide 15 million dollars in cash to quantify  investors the company also said it would retain  

5.5 million dollars in cash from coinify's  balance sheet and why does voyageur want  

this of what benefit is this now to voyager  token holders the acquisition of coinify is  

aimed at helping voyager expand its capabilities  potentially giving crypto users around the world  

more options for cross-border payments voyager  has been publicly listed in canada since 2019  

while coinify said it was currently available in  europe asia north america and south america so  

with this acquisition coinify is bringing a global  payments infrastructure to voyageur's digital  

asset ecosystem if you hold voyager let me know  i'd love to get sort of a straw poll down below  

in the comment section but either way this is  pretty big news that is today's video be sure to  

watch a recent interview just dropped on building  generational wealth with bitcoin basically how to  

retire with bitcoin tax-free check out this  interview and like always see you tomorrow