Tag: Chico Crypto

Here’s When the Altseason Rocket Takes Off, According to Crypto Trader Tyler Swope

by Dailyhodl

As the crypto market continues to fumble each attempt at a recovery, crypto analyst Tyler Swope is discussing when and if the next altcoin season will arrive.

Even though Bitcoin can’t seem to recover the $40,000 level and Ethereum is toying with dropping down to $2,000 again, Swope tells his 253,000 subscribers that there will be another altseason, and it will come sooner than some may think.

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“There will be more than a few other altseasons coming this year, and a big one I project happening begins in July – around the middle of it. There are already signs the market wants this to happen.

Yesterday over 24 hrs, out of the top 100 coins on CoinGecko, many performed better than BTC, to be exact 78 out of 100. Although they are just bubbling right now, the majority of their gains are below 5% and some even lower. They just know something is coming. It’s a bubble, and July is when it rockets.”

The trader references a tweet from under-the-radar crypto enthusiast CryptoSultan21 and agrees that Bitcoin is forming a Wycoff accumulation pattern, a schematic where an asset trends in a range-bound construction, allowing big players to accumulate.

Sultan argues that Bitcoin is about to form a bullish recovery pattern and break out of this phase.

“Wyckoff is smiling from his grave! Bitcoin continues to prove the bears wrong by inching closer to a bullish reversal. Smashing through all the resistance levels on the chart would confirm an absolute bullish trend reversal and an altseason explosion.”

Source: CryptoSultan21

Swope says the chart indicates that once Bitcoin breaks back above $50,000, altseason may return.

“From his chart, Bitcoin is pretty much following the Wyckoff accumulation pattern pretty dang close, and from his chart, getting back to $50,000 will be a confirmation that the bull is back and altseason is back on.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Bitcoin’s Latest Upgrade Will Send BTC to New All-Time Highs, According to Crypto Trader Tyler Swope

by Dailyhodl

Crypto trader Tyler Swope says that Bitcoin’s latest upgrade could be the fuel that BTC needs to send the leading digital asset to new all-time highs.

In a new strategy session, the host of Chico Crypto says that Taproot, the soft fork that aims to enhance Bitcoin’s privacy measures and smart contract flexibility, might be some of “the best news ever” for BTC.

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“This is great for Bitcoin. I mean, it’s some of the best news ever because Bitcoin is about to get privacy and it’s about to get some more complex smart contracts that can make it do a lot more things. There’s going to be a big conversation coming on. I’m extremely bullish on Ethereum…

I said I’m selling some of my Bitcoin for Ethereum, and I did do that. I picked up a good stack of Ethereum with some of my Bitcoin. But I mean there’s parts of me that are like ‘Was that a good idea?’ I think it’s a good idea for the short to mid-term but in the long term Bitcoin may still win out.”

Taproot, now locked in, is set to be activated in November. Around that time, Swope says that Bitcoin’s market cap will likely be in the $1.5 trillion range or roughly $80,000 in price.

“This upgrade probably is going to be when Bitcoin is back into the trillions. Maybe even like $1.5 trillion alone. Bitcoin will make $1.5 trillion itself around the time this upgrade goes live. But the upgrade is locked in you guys.”

The widely followed analyst and trader recently called for Bitcoin to be trading at $150,000 on December 15th, 2021.

“The top for this cycle will be between $100,000 to $200,000 by December 2021. This is and has been my prediction for a long time. But if I had to give you a specific number and day, how about right here: $150,000 by December 15th, 2021.

…Some bears got locked out, and they won’t let them out because this pattern may be a triple bottom and not a top… Three clear bottoms and after that, according to my TA, Tyler Analysis, it means up.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Here Are the Next Big Altcoins and Airdrops, According to Crypto Trader Tyler Swope

by Dailyhodl

Cryptocurrency trader and YouTuber Tyler Swope is spotlighting upcoming crypto airdrops and which altcoins are about to moon.

In a new video, Swope argues that the possible adoption of Dogecoin (DOGE) as a means of payment by the ninth-largest S&P 500 company, Tesla, could see the asset appreciate 163% from its current price of $0.38.

“In my opinion, it’s pretty obvious a Tesla announcement of Dogecoin for payment is coming and probably coming this summer, within the next month or two. And that hype, combined with a rebound in the markets should see Dogecoin relook towards that dollar mark.”

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The YouTuber also notes that the decentralized finance (DeFi) project Sommelier Finance, which simplifies the liquidity provision process on the latest version of decentralized exchange Uniswap (UNI), could soon release a native token.

“So I’m sure you are asking yourself, a token for Sommelier? Not yet. They put out their product first, their application, the first thing and plan to launch the token later. SOMM, it’s coming, just no official date yet! Definitely, one to keep an eye on though.”

On airdrops, Swope unveils that users of four Ethereum-based options protocols can claim the native token of DeFi protocol Ribbon Finance (RBN).

“A total of four million RBN was distributed between users of existing options protocols on Ethereum – Hegic, Opyn, Charm, and Primitive.”

The YouTuber adds that holders of the native token of DeFi network Centrifuge (CFG) will be beneficiaries of the Altair (AIR) airdrop. Altair is an asset tokenization platform.

“And scrolling down to the genesis token distribution…you can see 61% of AIR tokens for the parachain are airdropped to CFG holders. One CFG gets you one AIR.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Elon Musk May Send Five More Altcoins to the Moon, According to Crypto Trader Tyler Swope

by Dailyhodl

Popular crypto analyst Tyler Swope is conducting a deep dive into the coins that SpaceX CEO Elon Musk could catapult into space.

Earlier this month Musk announced that SpaceX would launch a DOGE-funded mission, claiming that Dogecoin will be “the first meme in space.”

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In a new video, Swope shares his theories surrounding which other crypto assets may be connected to Musk’s DOGE-1 mission.

The first asset Swope mentions is non-fungible token (NFT) and decentralized finance (DeFI) asset NFY Finance (NFY), which the influencer points out has ties to MIMIR Blockchain Solutions, a company that is working on the moon mission.

NFY Finance is one of MIMIR’s ecosystem projects, notes Swope, and the team has been posting some space-related tweets, suggesting that they may be contributing to the DOGE-1 mission in some capacity.

One such tweet shows an image of a child looking up at the moon and a small cube, which could be a reference to one of the cubesats, which will be headed up to space with DOGE-1.

Swope points out that one of the main developers at MIMIR and NFTY, Coyote DOGE or not_coyotee on twitter, has been tweeting about NFY recently and has retweeted user Captain Haddock who tags a set of four crypto assets known as the Greek space tokens.

The four Greek space tokens referenced are RHO, BETA, GAMMA and KAPPA, which Swope predicts may play a part in Musk’s moon mission as well.

“Rho protocol.io says this about the token, ‘RHO tokens correspond to the Y-Axis location value of LED pixels. Present on the exposed surfaces and livestreamed from a satellite to be placed in LEO in June 2022,’ the exact month of the DOGE-1 mission.

The Greek tokens are the space plaques mentioned in that press release. And then continuing on the [RHO] website, ‘These pixel’s hue (KAPPA), luminosity (GAMMA), X-Axis (BETA) and Y-Axis (RHO) locations are acquired in exchange for the aforementioned tokens.’”

Essentially, the utility of these tokens, says Swope, is for advertising on the side of the rockets and satellites that will head into orbit when DOGE-1 takes off next summer.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Here Are Three Seriously Undervalued Altcoins, According to Crypto Trader Tyler Swope

by Dailyhodl

Tyler Swope, host of the Chico Crypto YouTube channel, is drawing attention to three altcoins with untapped potential.

In a new video, the crypto trader and analyst starts off his list with Ampleforth’s recently airdropped governance token FORTH. While Ampleforth’s AMPL token has been around since 2019, FORTH just launched and was quickly adopted by top crypto exchange Coinbase.

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Swope notes that Ampleforth geyser v2 contracts are coming out soon, likely right before Uniswap’s latest version launches on May 5th.

“Guys, their v2 is not released from AMPL yet. As seen from Alchemist coin (MIST), these contracts are shaping up to be game-changing multi-stake NFT (non-fungible token) vaults which just might tie into Uniswap v3.” 

Ampleforth’s FORTH token is currently ranked 188 by market cap and sits at roughly a $356 million valuation.

The next undervalued asset Swope mentions is cloud-based integration program Unibright (UBT). The analyst dives deep to uncover an impressive likely partnership between CONA (Coke One North America) and Unibright. Swope posits that Unibright will aid CONA in tokenizing invoices in business applications.

Unibright holds a $247 million valuation at time of writing, ranked at 204 on the largest coins by market cap.

The last project Swope highlights is blockchain supply chain tracker Morpheus Network (MRPH), which services the global trading industry.

Swope’s research leads him to believe that Morpheus may be on the verge of locking in a partnership with Coca-Cola FEMSA.

Morpheus has the smallest market cap of the three assets, sitting at an $80 million valuation, at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Several Altcoins Set To Rally As Uniswap Upgrade Approaches, Says Trader Tyler Swope

by Dailyhodl

Cryptocurrency trader and YouTuber Tyler Swope predicts several altcoins will benefit from the upcoming upgrade of top decentralized exchange Uniswap.

With Uniswap v3 set to drop on May 5th, Swope is releasing a new video naming a list of assets that he says will likely benefit from the launch.

Swope kicks off his list with the Ethereum-based wrapper token xToken (XTK). According to Swope, xToken is preparing to unveil a new solution (xU3LP) for offering liquidity on Uniswap’s latest version.

“They tweeted March 31st, ‘We’re excited to announce xU3LP! A convenient, fungible solution to Uniswap v3 liquidity provision. Stay tuned for more updates as we prepare for a launch shortly after Uniswap v3 deployment in May,’ of which Uniswap founder Hayden Adams retweeted.”

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Swope also expects Visor Finance (VISR) to rally as Uniswap prepares for an upgrade.

Per the cryptocurrency influencer, Visor Finance is offering a solution to a problem that Uniswap v3 will pose to passive liquidity providers (LPs) whereby LPs may not be able to compete on a level playing field against each other.

Swope cites a question posed on social media where a user asks which ‘teams/devs are working’ on a solution to ensure passive liquidity providers are able to compete fairly against each other. According to Swope, Visor Finance’s twitter reply, “we are” is evidence of their commitment to enhancing the Uniswap v3 experience.

Another altcoin that is set to benefit from the Uniswap upgrade adds Swope is automation protocol Gelato Network which is launching a second version.

“Gelato’s v2 was built to complement next-generation protocols like Uniswap v3, which leads to a lot of features open-ended for third parties to build out.”

The YouTuber explains that Gelato v2 will automate functions such as transforming liquidity provider non-fungible tokens (LP NFTs) into wrapped Ethereum-based ERC-20 tokens.

“Gelato can automate a variety of functions of Uniswap v3, including reinvesting fees back into the pool, converting LP NFTs into wrapped ERC-20s, and automating LP price ranges.”

Per Swope, a Gelato token could be unveiled before the end of the second quarter of this year.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Overlooked Sector of Crypto Markets Is Ready for Lift-Off, Says Trader Tyler Swope

by Dailyhodl

Crypto influencer Tyler Swope is shining a spotlight on three projects that are attempting to solve a crucial issue plaguing the Ethereum network.

Miner extractable value (MEV) is a hot topic among Ethereum developers, Swope tells his 228,000 subscribers. MEV is the value a miner, validator, sequencer or any privileged protocol user can garner from arbitrarily manipulating the settlement of transaction blocks on the blockchain.

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MEV profits can be scooped up by the trader or miner, but when the blocks are manipulated unconventionally, it can cause inefficiencies on the blockchain.

Swope points out that last Friday, during the ongoing Scaling Ethereum summit, MEV was mentioned several times as developers attempted to hash out solutions to the puzzling problem.

While Ethereum researchers have launched the Flashbots initiative to tackle the issue, Swope outlines some tokenized crypto projects that are also addressing the MEV crisis.

KeeperDao (ROOK) is the largest market cap play in the sector, sitting at just below a $200 million evaluation.

“KeeperDao is a protocol that economically incentives pool participation in Keeper strategies which manage liquidations, rebalances, and arbitrages on decentralized finance (DeFi) applications spanning trading, exchange and lending… The goal of this Dao is to align the goal of the Keepers and the users to maximize profits rather than that value being captured by the miners.

MEV is a big piece of KeeperDao, but the big development regarding MEV from them is their HidingBook. In their Github post they describe it, ‘The HidingBook is a backend infrastructure component of the Hiding Game which hosts hidden orders only fillable by KeeperDAO keepers. It also supports client friendly APIs which enable a smooth front end user experience.

Integrating a client with the HidingBook enables the client’s users to coordinate with KeeperDAO keepers for the capture of MEV (miner extractable value). This is a win-win because both users and keepers are working together to maximize profit generation from a trade the user was going to perform anyways.’”

The analyst and trader also notes that KeeperDao does not appear to be in direct competition with Flashbots and may in fact integrate with them in the future.

Next on Swope’s list is StakeDAO (SDT), which is currently sitting at around a $50 million market cap.

“StakeDao is a piece of staked capital. Their revenue sharing Dao tokenizes their services and distributes the value back to the holders. Their application, which houses the services just went live into version two and TVL (total value locked) was over $121 million as of yesterday.”

Swope notes that StakeDao may also be introducing v2 arbitrage solutions shortly, but it’s unclear when. The project may also be in direct competition with Flashbots, because Stake is partnered with the third project Swope mentions, ArcherDao (ARCH).

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Archer is a protocol for MEV extraction “just like Flashbots,” says Swope, noting that the project forked Flashbots, according to their Github.

ArcherDao is the smallest project by market cap that Swope mentions, resting at around a $34 million evaluation.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Three Highly Undervalued Altcoins Are Ready for Moon Liftoff, Says Tyler Swope

by Dailyhodl

Crypto trader and analyst Tyler Swope is breaking down his fundamental analysis on three crypto projects that the market may be selling short.

In his latest livestream event, Swope tells his 220,000 subscribers that decentralized finance (DeFi) project Compound (COMP) is likely on the verge of breaking out amid news that it will be migrating over to the Polkadot (DOT) substrate ecosystem and that it is releasing its new product, Gateway.

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Says the Compound team on the new product,

“Gateway is a Substrate blockchain, governed by COMP token-holders on Ethereum. From the get-go, Gateway is fully upgradeable; governance is able to directly upgrade the blockchain by voting on code upgrades, without forks or downtime.”

Swope also notes that Compound CEO and founder Robert Leshner recently spoke with the Federal Reserve about DeFi and specifically the Compound mission.

“Compound CEO and founder… said this just last week, ‘Today I had the opportunity to present Compound and DeFi to the Federal Reserve staff.’ Compound is bullish.”

The next undervalued token on the influencer’s list is one that he’s spoken about before, Energy Web Token (EWT).

According to Swope, EWT is drastically undervalued, in part because the team is more focused on building their product than the price of their token. The analyst says he is a fan of this strategy, but also notes that the team’s mid-term roadmap indicates that they are about to implement some bullish upgrades that could positively affect the price of the EWT asset.

“I love Energy Web. I know what is going to happen with it. It is changing the energy game… many many pilot programs going on. Unfortunately, the team is focused on building not necessarily the token price, which is a good thing in my opinion… but it just gives you time to accumulate in my opinion.

But why I think it’s a pick that [should be] on the way up is [that the team is] starting to focus on tokenomics and things like that… I’m always bullish on EWT.”

Swope adds that its blockchain has an array of validator nodes run by high-profile firms like Acciona and the PTT Group.

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Perpetual Protocol (PERP) is third on Swope’s list. The decentralized perpetual contract product is one of many in the trader’s bucket of investments, but he notes that it has the strongest fundamentals of the bunch.

“They do have a product out and it’s pushing out fundamentally great volumes… I go with fundamentals every time… Perpetual is a decentralized perpetual contract for different assets…They’re looking to move into gold assets, synthetic assets, but they are only in the crypto asset stage right now.”

Swope notes that of the cryptocurrency derivative exchanges, Perpetual has the highest volume of any decentralized derivatives exchange, pushing out $80 million worth of volume in 24 hours at its peak. Ranked at 213 on the top assets by market cap, Swope says Perpetual has a lot of room to grow.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Three Virtually Unknown Altcoins Are Ready To Erupt, According to Crypto Trader Tyler Swope

by Dailyhodl

Cryptocurrency trader and YouTuber Tyler Swope is naming three relatively undiscussed altcoins that he believes will likely break out in the short-term.

In a new video, Swope kicks off the list with Chainlink’s (LINK) node service provider LinkPool (LPL), arguing that it is the most established project within the niche segment it occupies.

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“LinkPool is hands down the leading ChainLink node service provider. They run the longest standing and professionally managed Chainlink nodes, they created Chainlink markets – the explorer for nodes and Chainlink price feeds. So you can consider LinkPool, the Robin to Chainlink’s Batman. They go hand in hand.”

The LPL token just recently hit the market in March, but the trader notes that, unlike with Chainlink, users can already stake on the LinkPool nodes.

Swope says Alchemist Coin (MIST) is another project that has the potential to melt faces in the next few months.

The non-fungible token (NFT) project, which is not yet listed on CoinGecko, could allow early adopters to get limited edition NFTs called crucibles when the governance proposal officially passes, and it likely will. These first version NFTs could provide holders with major value in the future as the protocol grows, notes Swope.

“The proposal is overwhelmingly yes, and ended today. It proposed, that v1 (first version) crucibles be limited to those using the terminal or powershell… a.k.a technical users. Once the frontend UI (user interface) launches, those users will get v2 (second version) crucibles using that interface. The crucibles, are NFTs, thus having a v1 limited edition could be a valuable thing down the road.”

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The cryptocurrency trader and influencer names the application programming interface (API) for decentralized infrastructure, Pocket Network (POKT), as the third obscure altcoin whose price could drastically increase.

Although the project is not yet plugged into Ethereum (ETH), nor is it on CoinGecko, per Swope, Pocket Network’s usage has grown massively since it was unveiled, indicating tremendous potential for growth.

“…the network has crossed one billion requests since launch, and over 2,732 staked nodes. It’s being used, and used heavily.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Chainlink Set To Surge on Release of Dynamic NFTs, Says Crypto Trader Tyler Swope

by Dailyhodl

Crypto analyst and trader Tyler Swope is placing Chainlink (LINK) in the spotlight as the oracle project prepares to dive head first into the non-fungible token (NFT) space.

In a new video, Swope tracks the little-known connection between Chainlink and the emerging digital art industry.

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The trader highlights that the number one oracle project in the crypto space is already in the midst of entering the booming NFT and gaming market. Swope notes that the team released an article in June of 2020 outlining various strategies to mint dynamic NFTs.

The Chainlink blog post defines dynamic NFTs as,

“…Perpetual smart contracts that use oracles to communicate with and react to external data and systems. The oracle allows the NFT to use external data/systems as a mechanism for minting/burning NFTs, trading peer-to-peer, and checking state.”

Not only has the oracle project been investigating how to participate in the NFT space, but Swope notes that Chainlink’s Verifiable Randmoness Generator (VRF) is already live and adding value to the sector.

“If you didn’t know, Chainlink has their VRF. Chainlink oracle nodes create a random number which is then imputed into smart contracts and the VRF has been live on the mainnet since October of last year and VRF gives dynamic abilities to NFTs through randomness.”

NFT projects such as Ether Cats are already implementing the Chainlink VRF on their platforms to create dynamic NFTS.

Additionally, Swope notes that Chainlink can add dynamic capabilities to NFTs by attaching real world events or outcomes to a digital asset.

“It doesn’t stop there… Real world events can be imputed into NFTs. Minting an NFT card based on a hat trick? What about going even further where the value of the NFT card depends on the real life statistical outputs of the associated player? Chainlink oracles can source real life performance data to determine the value of cards which is used to decide the winners of tournaments and trigger winning payouts.”

Chainlink is also positioned to utilize dynamic NFTs in the identity verification sector, says Swope, highlighting that the team mentions the opportunity in its original blog post on NFTs.

“Even more down the rabbit hole, what about authenticity verification even with identity. Going back to their blog post on NFTs and Chainlink they speak on identity and say, ‘several projects are already working on how to develop digital identities that can interface with many existing applications by doing so users can plug and play it with other applications to keep control of their private data.

Chainlink allows smart contracts to query identity-based blockchains to verify personal credentials as well as to append data to a person’s identity based on an output from another business process.’”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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