welcome back everybody to altcoin daily my name
is aaron which cryptocurrencies do you want us to

cover going forward my friends the bitcoin
bull market is not over phase one has just

begun in this video i’m going to prove it to
you i’m going to show you what i’m talking about

using data using charts using metrics i also
want to talk about alt coins including high cap

coins like ethereum we’ll talk about cardano xrp
solana mid cap crypto currencies we talk about the

entire cryptocurrency market on this channel
if you appreciate that give this video a like

again comment which coins you want us to
cover going forward and let’s jump right

into it before we get to cardano before we get
to solana before we get to ethereum or xrp let’s

talk about the market mover this cryptocurrency
bull market is far from over in fact out of four

phases which we can usually see cycle after
cycle with something called the pool multiple

phase one has only just begun get excited for
this so according to a crypto quant analyst

past cycles show us that the current bitcoin
bull market is far from over the pool multiple

seems to reveal where bitcoin’s price is headed
next if you’re unfamiliar the 12 multiple is a

bitcoin indicator used to show us how healthy
minor revenue is it’s calculated by dividing

the mining revenue by the 365 moving day average
of the mining revenue take a look at your screens

the pro multiple equals mining revenue usd divided
by 360 day moving average of mining revenue usd

with the help of this metric it becomes possible
to say how much selling pressure miners are facing

when the indicator has high values minor
revenue is relatively healthy thus miners

aren’t compelled to sell with low values this
could suggest they’re facing considerable

selling pressure listen we could spend 10 20
minutes talking about the puel multiple we’re

going to move on what you need to take a look at
is this right now this is the 2011 and 2013 cycle

where we are in this current cycle today in 2021
is equivalent to right here in 2011 number one

where we are today is equivalent to right here in
2013. moving into the next couple of cycles 2017

where we are is equivalent to right here in 2017
and where we are in 2021 is right here the puel

multiple is suggesting a big move is ahead of us
and the cycle top is still to come get excited and

this makes sense if you subscribe to our channel
we have been showing you for months and months

going on years and years that bitcoin continues to
be accumulated and mass bitcoin is going through a

supply shock my friends this could not be any more
clear over the past months less than seven percent

of all bitcoin has moved the last time this level
of huddling occurred was all the way back in the

very beginning in 2009 perhaps this is because
this is the first cycle where people truly believe

that bitcoin is not going away and bitcoin is
big enough bitcoin has the security and the


distribution people realize there’s no better way
to save money and to have your value and wealth

appreciate over time than there is with bitcoin so
again less than seven percent of all bitcoin has

moved the last time this happened the last time
this level of foddling occurred it was all the way

back in 2009 a massive supply shock is in play one
million bitcoin sooner than you think well let’s

continue talking about metrics just like this take
a look at this chart this shows constant as in

over 11 years bitcoin demand we’re seeing constant
bitcoin demand this is almost as programmatic as

the having on the macro there is no easier way
to understand the case for bitcoin than this

so this is all the way back from the very
beginning 2009 2010 all the way to 2021 era

one error two era three error four supply grows at
a higher rate when it is hoarded to hodl becoming

a liquid slowing with each block issuance having
a possible shift in trend is presenting itself

as the ratio breaks above the previous cycle
supply shock effect do you understand this

in bitcoin’s first decade the illiquid supply of
bitcoin continued to go down people first of all

there’s a lot of new bitcoin coming on to the
market and second of all people did not realize

that bitcoin was here to stay well two things are
different as we continue to go through time people

are realizing more and more that bitcoin is here
to stay and less and less bitcoin is available

thus a trend change chart two blows my mind let’s
take a look at chart two take a look at this

bitcoin is accumulated at a constant logarithmic
rate when adjusted for circulating supply and

issuance a parabolic move of demand versus
issuance proving demand thesis and the otherwise

programmatic scarcity so this is showing us the
constant demand for bitcoin is up my friends i

could not be more bullish on bitcoin not that we
couldn’t see a little bit of a pullback before

we break all-time highs i mean we just went
from 29 000 up to 50 000 would not surprise

me if bitcoin pulled back 40 42 000 or something
like this so bullish on bitcoin let’s talk about

ethereum ethereum for totally different reasons
ethereum totally different value proposition

is also going through a supply shock because of
the amount of ease being burned and the eat block

space being used in general ethereum is being
used ethereum is being burned ethereum is going

through a supply shock and demand for ethereum the
ethereum products has literally never been higher

the lowest price of crypto punks has exceeded
100 each reaching 108.98 each which is about 354

000 us dollars this is outrageous and how about
just the amount of daps we’re seeing on ethereum

in general even just the amount of decentralized
exchanges that we are seeing on ethereum or about

the amount of decentralized exchanges we’re seeing
in cryptocurrency in general did you realize this

if you don’t know how many dexes are built on top
of block chains check this out this is ethereum

  What is Bitcoin?

this is binance smart chain this is dex’s on
polygon on heko on solana and this is dex’s

on phantom polka dot terra near cosmos dfinity
cardano and avalanche good luck regulating this

sec this space is exploding bigger than any year
before it oh yeah i wanted to point this out

to you before we get to the cardano solana and
xrp news somebody tweeted this at us one of our

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getting this and a lot of our audience
is loving this let’s talk about ethereum

metamask which is perhaps one of the best ways to
interact with everything in the ethereum ecosystem

marks 10 million active users with a metaverse
party the most popular ethereum wallet has hit

10 million monthly active users and they had a
virtual party in the metaverse in decentraland

actually so this speaks to just how many people
are into ethereum and are interacting with things

in the ethereum you know metaverse and
ecosystem in general whether it’s dexes nfts

stable coins whatever it is you can do with
metamask and this literally shows us that active

users has never been higher very bullish let’s
talk about some ethereum competitors and inter

operators cardano faces a hurdle before a new
all-time high i’m curious if you’re bullish or

bearish going into smart contracts september 12th
in the cardano ecosystem at what point are we

going to see a pullback and how high can it get
because cardano is actually looking really good

as cardano approaches the monthly close it looks
like the bulls want to push the price even higher

this is what you need to know cardano has endured
a week-long consolidation period that’s healthy

  How does bitcoin actually work?

the almost three dollar resistance level has
managed to keep aida from resuming its uptrend

however transaction history shows stable
support favoring the bulls i think once

cardano breaks past three dollars you know it’s
forming a little bit of a launch pad right now

i think we could see cardano get much higher now
whether it goes to three dollars four dollars

five dollars keep in mind cordano has been in an
uptrend for quite some time everybody’s excited

about smart contracts anything can happen the
market goes in ebbs and flows all the time have

a plan to realize profits just in cryptocurrency
generally speaking i know nobody wants to hear

that but i’ve been involved in cryptocurrency for
a long time generally speaking you want to have

a plan to realize profits let’s talk about
xrp ripple’s xrp token looks ready to break

out you know we’ve been saying this for a while
and we’ll continue to report on this because xrp

looks primed for a spike in volatility as it edges
closer towards the apex of a symmetrical triangle

now this is the key takeaway this is interesting
first of all xrp is consolidating within a tight

price range a daily candlestick close outside of
the 1 17 to 110 zone should determine where price

is heading next so if it closes above 117 that’s
bullish closes above or below 110 that’s bearish

now what’s interesting is that some large whales
have been exiting the network over the past few

days do they know something that we don’t they’re
taking profits very interesting let me know

solana solana oh my gosh we’ve been talking about
solana forever and i think a lot of our audience

is happy about that because solana breaks 100 for
the first time and uh it’s targeting 120 dollars

solano has stolen the crypto spotlight gaining
over 330 percent in market value over the last

40 days key takeaways our solana has made another
all-time high surpassing the 100 mark it actually

flipped polka dot solana related mentions across
social media networks have skyrocketed the extreme

levels of optimism among market participants
could point to a correction so again we’re seeing

a lot of these higher caps some blue chips
really gaining favor popularity and price

let’s take a look at bitcoin ethereum and then
we will finish off the video so again bitcoin

kind of falling out of its parabola would
not be surprised if bitcoin fell down to 42

43 you know low 40s before we eventually go
past all-time highs with ethereum it’s pretty

interesting maybe it’s because of you know the way
ethereum is differentiating itself but ethereum

might break up before we see any kind of
significant you know retest right now at 3

400. all right you know that’s it for
me today my friends my name is aaron

at altcoin daily if there’s a story i missed
happy to cover it in tomorrow’s video no links

but just let me know what you’re looking at in
the comments below alright i’ll see you tomorrow