馃攳
Top 6 Altcoins Set to Explode in 2021 | Best Cryptocurrency Investments January 2021 - YouTube
Channel: unknown
[0]
all right welcome back everybody my name is聽
austin today i want to share with you the top聽聽
[5]
six altcoins set to explode over these next 12 to聽
18 months we're gonna go over what each coin is聽聽
[12]
and why these coins have potential three things聽
to know before we start number one the majority聽聽
[20]
of my portfolio is mainly bitcoin my ultimate goal聽
is to accumulate more bitcoin doesn't mean that a聽聽
[26]
handful of alt coins won't make it in the end i聽
think they will but 99.9 of all coins will fail聽聽
[33]
i believe so you take on risk when you choose聽
to invest that's number one number two i am not聽聽
[39]
a registered financial advisor i can't see the聽
future i ultimately don't know what the price聽聽
[45]
of these coins will do tomorrow and neither do you聽
what we can do is do the research watch the trends聽聽
[51]
and see to which coins the money is potentially聽
flowing so that being said check the time stamps聽聽
[57]
down below and let's jump in coin number six聽
that is potentially going to do very very well聽聽
[63]
is ethereum right now trading at one thousand one聽
hundred and ninety two dollars per eth per token聽聽
[69]
we have seen in the last few months some of the聽
most notable investors in this space raul paul聽聽
[76]
as well as tyler winklevoss and more come out in聽
support of ethereum as an investment now these two聽聽
[83]
videos are linked down below in the description聽
check them out but in 90 seconds or less what聽聽
[88]
is ethereum and why does it potentially have聽
value it is important to note that even though聽聽
[93]
ethereum and bitcoin are often compared to each聽
other they're two completely different projects聽聽
[98]
trying to be two completely different things what聽
do i mean by that well bitcoin is a non-sovereign聽聽
[104]
hard capped supply global immutable decentralized聽
digital store of value which we're seeing people聽聽
[111]
and institutions use as a way to protect their聽
wealth against endless money printing that's聽聽
[116]
clear it's like a digital gold ethereum is trying聽
to be something else it doesn't have a fake supply聽聽
[122]
it's not the hardest form of money we have but聽
think of it sort of like a global super computer聽聽
[128]
where anybody anywhere can build on top of without聽
the permission of a middleman ethereum is a public聽聽
[136]
open source blockchain based distributed software聽
platform that allows developers to build and聽聽
[142]
deploy decentralized applications while bitcoin聽
for the first time in human history gives you the聽聽
[148]
option to be your own bank ethereum gives you the聽
option for banking type services like credit and聽聽
[154]
lending without the need for a middleman there's聽
a lot of value potentially there and finally with聽聽
[159]
the full ethereum 2.0 rollout happening within the聽
next few years for the network's scalability there聽聽
[165]
is a lot to look forward to with ethereum let聽
me know your thoughts down below in the comment聽聽
[170]
section that's coin number six coming in at coin聽
number five and speaking of decentralized finance聽聽
[176]
lending and borrowing is a cryptocurrency聽
called ave right now trading at 107 dollars聽聽
[183]
per ave per token let's talk about what it聽
is and why it potentially has value long term聽聽
[191]
so what is ave beginner's guide one of a聽
number of emerging defy cryptocurrencies聽聽
[197]
ave is a decentralized lending system that allows聽
users to lend borrow and earn interest on crypto聽聽
[204]
assets all without a middleman well how's it do聽
this exactly without a third party running on聽聽
[210]
the ethereum blockchain ave instead is a system聽
of smart contracts just automated contracts that聽聽
[217]
enable these assets to be managed by a distributed聽
network of computers running its software this聽聽
[223]
means ava users do not need to trust a particular聽
institution or person to manage their funds they聽聽
[230]
only need to trust that its code will execute as聽
written very interesting but can we trust the code聽聽
[238]
well the ave protocol has been audited and secured聽
and the protocol is completely open source which聽聽
[243]
allows anyone to interact with the user interface聽
client api or directly with the smart contracts so聽聽
[249]
it's audited people can use it and in fact we're聽
already seeing massive utility on the protocol聽聽
[256]
over two billion dollars right now of people聽
depositing their assets peer-to-peer lending聽聽
[262]
and borrowing without any centralized middleman聽
hey and by the way while in the u.s or other big聽聽
[269]
nations banks for this kind of thing work fine聽
especially in those more underdeveloped parts of聽聽
[275]
the world this could be huge for giving average聽
people financial freedom and what can we expect聽聽
[281]
from them in the future well at the end of last聽
year ave raised over 25 million dollars to bring聽聽
[287]
defy to institutions ave ceo says the investment聽
will help ave expand into the asian markets and聽聽
[295]
bring defy closer to institutional use interesting聽
as i get more information as this cryptocurrency聽聽
[303]
market develops i will make a video i will let聽
you know so let me know what you think down below聽聽
[308]
but next up coming in at coin number four is polka聽
dot currently trading at 8.99 per token per dot聽聽
[317]
with a market cap of just over 8.5 billion dollars聽
i can see polka dot doing well created by gavin聽聽
[324]
wood who was one of the co-founders of ethereum聽
he invented solidity which is ethereum's native聽聽
[330]
programming language he left ethereum and started聽
dot think of polka dot like this right here it's聽聽
[338]
aiming to be sort of the internet of blockchains聽
offering not only interoperability so different聽聽
[345]
blockchains can connect and talk to each other but聽
also like ethereum its own thing a dapp platform聽聽
[351]
where we're seeing an ecosystem grow on polka dot聽
as well i expect this ecosystem to get bigger and聽聽
[357]
bigger and bigger like we've been seeing over聽
this last year and if you want an exact quote聽聽
[363]
polka dot is a next generation blockchain聽
protocol that unites an entire network of聽聽
[369]
purpose-built blockchains allowing them聽
to operate seamlessly together at scale聽聽
[374]
it connects several chains together in a single聽
network allowing them to process transactions聽聽
[379]
in parallel and exchange data between chains with聽
security guarantees for those of you who want more聽聽
[385]
information i highly recommend i'm going to link聽
this video down below in the description can polka聽聽
[391]
dot cryptocurrency make you a millionaire we give聽
a realistic breakdown of the project so definitely聽聽
[396]
a coin to watch and what you should expect from聽
polka dot in 2021 well let's let's polka dot聽聽
[403]
founder gavin wood look back on the year and then聽
tease substrate 3.0 early this year check this out聽聽
[413]
in a 2020 roundup published on wednesday wood聽
highlighted polka dots rise to become the number聽聽
[420]
one crypto for staking based on the volume of聽
staked coins so according to staking rewards over聽聽
[427]
63 percent of the 1.02 billion dot token supply聽
is locked up in staking wallets now the reason聽聽
[435]
you would stick the coin is to contribute to聽
the network to vote to help with governance聽聽
[439]
but this also means that 63 percent of the supply聽
is locked up which is good for price as i find聽聽
[446]
more information on polka dot this year i'll keep聽
you updated i'll keep making videos let me know聽聽
[451]
what you think but coming in that was number four聽
coming in at number three as a cryptocurrency to聽聽
[456]
watch in 2021 is synthetics or the snx token聽
currently trading at 10 and 80 cents with聽聽
[464]
almost a 1.5 billion dollar market cap put聽
synthetics on your radar because check this out聽聽
[471]
well bitcoin for example is going after digital聽
gold the store of value market which roughly right聽聽
[477]
now is valued at 10 trillion dollars synthetics聽
is aiming to revolutionize the derivatives market聽聽
[484]
which right now on the high end is often聽
valued at over 1 quadrillion dollars huge聽聽
[491]
so let's dig in what is synthetics synthetics is聽
a software that allows users to mint new crypto聽聽
[498]
assets that mimic both real world assets like聽
the us dollar and crypto assets like bitcoin聽聽
[504]
mimics them in the sense that then you can trade聽
them without the permission of any third party聽聽
[509]
and synthetics enables this service through code聽
without the need of a financial intermediary okay聽聽
[516]
i get it pretty clear and what the snx token is聽
used for to collateralize an asset on synthetics聽聽
[523]
users must purchase its snx cryptocurrency which聽
once locked in a special contract can be used to聽聽
[530]
generate these new assets called synths for聽
example one synth designed to mimic the value聽聽
[535]
of the us dollar is called susd another synth聽
which mimics the bitcoin price is called sbtc聽聽
[542]
and all of a sudden cryptocurrency as well as聽
real world assets are tokenized and markets can be聽聽
[548]
traded the last thing i want to share with you is聽
what to expect from synthetics in the near future聽聽
[554]
optimism which is a layer 2 ethereum scaling聽
solution trial run is set to go live in two weeks聽聽
[561]
it is debuting on synthetics in mid-january and聽
this is meant to make the scalability of ethereum聽聽
[568]
and tokens on the ethereum blockchain like聽
synthetics more scalable more usable so until聽聽
[573]
we get ethereum 2.0 fully things like this help聽
ease congestion and synthetics is paving the way聽聽
[582]
okay speaking of easing congestion as well聽
as interoperability coming in at coin number聽聽
[587]
two is cardano and their ada token currently聽
one ada is trading at 29 cents per coin with聽聽
[595]
a market cap of just over 9 billion i think as聽
ethereum inevitably gets bigger and bigger and聽聽
[601]
as congestion on the network keeps getting higher聽
ethereum users developers products will spill over聽聽
[608]
into gardano as a more scalable option now聽
something to note that while cardano doesn't have聽聽
[613]
the dap ecosystem like ethereum does ethereum is聽
killing it in that aspect cardano like polka dot聽聽
[620]
has one of the creators of ethereum who left to聽
found his own project and cardano differentiates聽聽
[626]
itself from other dap platforms in a few ways聽
so what is cardano cardano differs from other聽聽
[633]
projects by emphasizing a research driven approach聽
to design aiming to achieve an academic rigor it聽聽
[640]
believes will propel adoption of its technology so聽
why do we say research driven well as of 2020 iohk聽聽
[648]
the company that built cardano has published more聽
than 60 academic papers outlining its technology聽聽
[654]
got them peer reviewed and inked partnerships聽
with global universities in the process聽聽
[659]
so that is a significant differentiator聽
and then of course the two other big ones聽聽
[664]
for example cardano's consensus algorithm聽
or aboris has been deemed provably secure by聽聽
[671]
a process of formal review so well researched聽
and additionally cardano's code is written in聽聽
[678]
the formal specified haskell programming language聽
commonly used in the banking and defense sectors聽聽
[685]
so there is a lot of promise with cardano聽
on top of that at 58 million dollars usd聽聽
[692]
the cardano treasury in 2021 has enough money to聽
purchase a falcon 9 rocket including the launch聽聽
[700]
so they have a treasury to back it up as well聽
as next piece of news iohk expands their cardano聽聽
[708]
development fund with the launch of a 500 000聽
funding round so what does that mean to you in聽聽
[715]
fund 3 community members can submit proposals for聽
the future development of the cardona blockchain聽聽
[721]
and decide through catalysts novel on-chain聽
voting process which proposals are funded so聽聽
[728]
you if you hold and stake ada have direct voting聽
power on the future of where this blockchain goes聽聽
[734]
project catalyst aims to be the world's聽
largest decentralized innovation fund聽聽
[739]
with over 1 700 community members registered to聽
vote and it has already surpassed the number of聽聽
[746]
unique voters in other prominent projects such聽
as dash as well as all of ethereum's top 100 dows聽聽
[753]
decentralized autonomous organizations combined聽
this should lead to low rearing the barriers of聽聽
[758]
entry for developers more adoption in west africa聽
so keep it on your radar let me know if you like聽聽
[765]
cardano in the comments that was number two聽
coming in at coin number one for altcoins which聽聽
[771]
could potentially explode in this next year聽
is chain link right now with a market cap of聽聽
[777]
almost six billion dollars with one link token聽
trading at about fifteen dollars per coin per link聽聽
[784]
you know that chain link is providing a network of聽
decentralized oracles for blockchains like bitcoin聽聽
[789]
like ethereum to access outside information now聽
have you seen this the metrics tweeted out by the聽聽
[796]
organization itself 2020 was a year of record聽
growth for the chain link network here is an聽聽
[802]
overview of key metrics like our adoption defy聽
implemented research and blockchain integrations聽聽
[809]
there is huge data and partnerships to back up聽
why chainlink is the most widely adopted oracle聽聽
[816]
and on-chain data source for cryptocurrency as聽
of right now in a recent video we did a full聽聽
[822]
deep dive on chain link i'm not going to waste聽
your time this is linked right there down below聽聽
[827]
in the description chain link cryptocurrency聽
price prediction in 2021 highly recommend you聽聽
[834]
watch this video it is linked down below聽
right now check it out but that is the聽聽
[839]
video let me know what you think about these聽
picks down below like always see you tomorrow
Most Recent Videos:
You can go back to the homepage right here: Homepage