as more things begin to move around as
the velocity of money has the velocity of tokens as the amount of information that becomes
available on blockchain systems as more chains become connected and value and transactions and
the commands interact between chains the movement of value the movement of information the movement
of commands across more and more systems generally in an efficient reliable secure way generally
predates large explosions in what applications can do and large exponents and what applications
can do then makes an industry valuable welcome back everybody to altcoin daily veteran
trader Peter L Brandt says Dogecoin bear Market has ended this is called a bear channel the upside
violation of which has ended the bear Market that began at the May 2021 high for Doge take a look
at the ethereum versus Bitcoin chart is the eth Bitcoin ratio the single most bullish major asset
price chart in the world this might well be hit the like button my name is Aaron you're back
at altcoin Daily you subscribe for daily videos keeping you informed on the entire cryptocurrency
Market if you have yet to do so make sure you check out our two videos from the last two days
today's video a continuation of crypto is about to explode here's why a continuation of Elon Musk has
top secret plans for Dogecoin in 2023 of course the opening clip was none other than chain link
co-founder Sergey nazaroth talking about out as cryptocurrency continues to build integrate become
interoperable as more and more information gets exchanged cryptocurrency altcoins are about to
explode yet so many people seem just so clueless on where cryptocurrency is at today for instance
cardano if cardano is a ghost chain like so many think it is explain this transactions up for the
month every month native tokens up every month while it's up delegated wallets up smart contracts
up policies up Pluto scripts up so veteran trader Peter Brandt says Dogecoin bear Market has ended
why is this important this is important because Dogecoin has a historic correlation with Bitcoin
where a Dogecoin pump has preceded every crypto bull cycle every Bitcoin bull cycle Dogecoin
pumped first Dogecoin pumps in every single bull cycle usually at the beginning sometimes at
the end so you gotta ask yourself Bitcoin at 20K ethereum at 1.5 K cryptocurrency Market where it
is does this seem like the end of a crypto bull cycle or maybe more towards the very beginning
yes I understand that the reason Dogecoin is pumping is because of extraordinary circumstances
Elon musk's takeover of Twitter and his plans for Dogecoin again if you have yet to watch this video
check it out and again watch this video from two days ago today's video is a continuation of this
so Dogecoin is pumping just because people are expecting it to be integrated with Twitter
this is an outrageous circumstance correct maybe just like when Elon Musk bought Bitcoin
and started talking about Dogecoin and working with developers in the beginning of 2021 that was
an amazing circumstance and that started kicked off the 2021 bull market dogecoin's correlation
with Bitcoin is something that if you've been in crypto as long as we have or anybody who's been
in crypto a long time you know we know Dogecoin pumps at the beginning of every single bull cycle
now don't make this mistake a common mistake made by novice and wannabe Traders is assuming
that an end to a bare phase of a market is automatically a signal that a bull market has
begun this assumption is often wrong what we're talking about though is an end to this trend in
the beginning of a new trend and of course the reason for this video today is not just because
of Dogecoin like I said is the eth Bitcoin ratio the single most bullish major asset price chart
in the world where ethereum has been gaining against Bitcoin and looks like it's about to
break out well let's talk about ethereum let's talk about altcoins there has only been 2196 each
about 3.4 million issued since eth merged to proof of stake now under proof of work there would have
been about 500 000 or about 900 Million worth of eth issued so that's a 99.6 percent reduction in
eth issuance in only six weeks Supply issuance is down supply versus demand here bullish so people
look at this and of course one of the first big questions is will ethereum flip Bitcoin and that's
kind of an arbitrary thing you tell me below if you think ethereum will ever flip Bitcoin or
why it matters but let me show you this the real flipping has already happened l2s now regularly
execute more transactions than L1 ethereum make sure you subscribe to our Channel we drop one
video keeping you in 4 formed on the entire cryptocurrency Market every day if you get value
in our daily videos do me a favor give this video a like do you understand why altcoins are about to
explode because altcoins today are so much further than they ever have been ever Primo altcoins the
Blue Chips started out on mostly ethereum well today these Primo altcoins are still on ethereum
all over ethereum layer twos the L2 flipping and also integrated on alternative layer ones that's
why I brought up cardano earlier yes ethereum is the Primo L1 but it's not the only one but it is
the Primo number one make no mistake about that ethereum coders are the highest paid in the tech
industry for 2022 with an average salary of 151 000 per year it's good to be in crypto it's
great to be an eat it's good and great to be in crypto and eat so ethereum is busting out
whether we're talking talking about versus USD or versus Bitcoin like we showed you before
ethereum looks set to rise past a descending trend line characterizing the 12-month bear Market
thanks to a more favorable Supply demand balance brought about by the ethereum merge in September
again that doesn't mean up only in fact there might be one major dip before we start really
grinding up but things in crypto developments Integrations adoption is happening we show you
this on a daily basis on this channel understand that Bitcoin cannot be stopped anymore it's
past the point of being stopped and this was apparent in 2015.
Watch this video do you have
any concerns about a large nation state that has um interest in just actively destroying Bitcoin
to make their own you know super Rigs and design chips and just throw hundreds of millions or
billions of dollars to intentionally disrupt the blockchain yeah I I don't worry about that
at all um this cannot be done with coin anymore this is something that can only be done with
nascent altcoins Bitcoin has achieved a level of computing that no single nation state can
can overthrow it through computation alone the effort to do so would require a massive covert
operation of Chip fabrication than the coordinated assault that would give them dominance over the
next block for 10 minutes until we kick those bastards off the network rework the protocol
around them they would be revealed they would have lost a billion dollars doing this and all
they got to do was one double spend perfect now here's the thing long before we get to that
point they figure out that if they just let this stuff run they can actually get some Bitcoin as
a reward because the incentive structure actually works and so I'm not worried about that and a
lot of people are watching the blockchain and as I said before what are they going to do so they
take over and they Fork the blockchain and they go somewhere right they've created
an alternative blockchain great what are we going to do who's going
to join the NSA blockchain foreign so we're all going to stay on the old Fork
difficulty will go down it will get more profitable for the miners who stayed behind
and will carry on with our coin and they can go mine whatever the hell they want on their
alternative blockchain they achieve nothing they can't make protocol changes because we as
I said five constituencies in consensus and it would take a billion dollars to pull the most
ridiculous Keystone Cops failure in history plus this would actually require
government that can do I.T so has Bitcoin bottomed will Bitcoin be repeating
itself like shown here is there a major alt season ahead let me know in the comments below I
think a major bull rally is coming for altcoins too whether we have one final ShakeOut that's
certainly a possibility and this is something we will keep you updated on on this channel subscribe
to our Channel right now and feel free to watch any of these other two videos appearing
on the screen see you tomorrow my friends
