Everyone welcome back to another video. I hope you guys have all been doing well in this video we're gon na be going over some major crypto updates that you need to know for today. We're gon na be talking about some all coins that are having an absolute rip in the market as well and towards the end of the video we're gon na, be covering some commonly asked questions with regards to this upcoming altcoin season. What you should be doing, should you be doubling down? Investing now should be cooling off, or should you consider selling we're gon na be talking about some strategies that you need to know about in order to profit in this upcoming bull run that i predict now guys, if you have not yet done so already make sure You guys go ahead and like this video subscribe to the channel, if you guys want to be a part of the jungie nation and get some more updates with regards to the crypto market, and hopefully we can all make some money together.

Now, with all that being said, let's hop into the computer see what's going on for today. So the global crypto market cap for today is at 1.94 trillion dollars slowly approaching the two trillion dollar market cap, which we have not yet seen since may, which is absolutely amazing. The market is up five percent today, with bitcoins dominance, currently at 44.96 percent or a decrease of 0.99 over the last day, so bitcoin right now, 46 000. It has been hovering within this range, slowly, steven down to 45 going back to 46, and if we are able to break out of 46, we should be hitting a straight shot to 50k as our new level of resistance.

So hopefully, when we get there, we create some more support levels. Within this we will be seeing the additions of other crypto projects in the market. Just getting an absolute parabolic movement as well so ethereum today is also having a pretty solid day at 3. 200.

I do expect ethereum to make another jump in movement and hopefully they do get to 4 000 pretty soon - and i do have my eyes out on that. On top of that, we've been getting a lot of other all coins in the market, surging, like cardano, making its way up at a dollar 86 cents. Today. Now, although there are many cryptocurrencies that are doing well, cardano does have some news that may attribute to the success of the movement in price for today.

So this is going to be related to the smart contract update that we've been talking about on this channel. So charles hoskinson, one of the creators for cardano, has actually released some new announcements with regards to the alonzo update in this article. Here they state the cardano's network alonso upgrade will incorporate more advanced smart contracts and decentralized finance or d5 products to the blockchain. The alonzo purple hard fork release is the final step in a multi-stage process and it could help cardano match the bigger ethereum network in incorporating smart contracts for anyone who doesn't know what smart contracts is.

They explain it really well in this article here, and that is. Smart contracts are effectively contracts that execute a function automatically once a series of conditions are met. They allow engineers to use the blockchain to perform a variety of functions such as send information or documents defy applications, allow two counterparties to exchange capital or assets without an intermediary with friday's revelation that the mainnet launch is on track. Crypto investors and enthusiasts in general were hyped on the optimism that a supposedly superior blockchain infrastructure, with the possibility to support the next generation of smart contracts is on the horizon.

So i'm really excited to see cardona smart contracts finally taking place because for the past year, or so it seems like cardano, hasn't been executing as much as they have promised. Now i know charles hoskinson is always working actively within the community, whether it's doing like youtube live streams or just communicating on twitter. But finally, the fact that we are still seeing some more factual upgrades happen and take place. I'm really curious to see the success of what cardano may entail within the next few months now that they have enabled access to smart contracts on their system.

The possibility is really endless for this cryptocurrency and i know a lot of newer investors have either heard of cardano or have entered a position into it. Now, with all these updates and news coming out about some of these all coins, you do always have to wonder whether this could be a case of buy. The rumor sell the news where, on friday, if it does hit - and then cardano has a sell-off and now is because people were buying up the rumor trying to drive the hype of the price up, i actually believe that in this case with cardano, it's still going To be a linear and steady growth as long as bitcoin stays at the price of where it is right now i don't see cardano dumping anytime soon and if you do take a look at the graph right here, we are still nowhere near the last all-time high. Close to two dollars and thirty cents back in may, so there is definitely a lot of run room and if you were able to buy up the dip, which was pretty much the entire crypto market facing this uh, where we saw reduction in price.

Even as an example like polygon normatic, going all the way down to 60 cents, people who bought up that dip when the market was most fearful and bears were crying that this was the end of crypto. You would have been very, very profitable. You would have been having some exponential growth, but even within the last just one year of this cryptocurrency, if you've been holding it, you would still be making tremendous gains, because just a year ago, during this time, cardano is at 13 cents. And it's now what a dollar 87 cents today so absolutely amazing and a lot of opportunity to be made in the crypto market make sure you watch this video till the end, though, because i want to give you guys some headers and some words of wisdom.

At least for any new investors to make sure that you guys don't get burned and you're able to capitalize on these opportunities now now, on top of that, we are getting some top 100 cryptocurrencies actually making a rip in the market as well today, so iotx is Actually up 91 today hollow is still up: 31 polygon up 24.88 bit torrent up 20 raven coin up 19 cara donna, which we talked about xrp, getting some love as well. Today, telcoin kusama, i mean the list goes on and on with the amount of cryptos that are doing well and we're not even looking at the last seven days. Seven days has been amazing for some of these projects up nearly 280 percent for iotx and we go down. We even see dogecoin here up 38, alongside a lot of other cryptocurrencies that we've discussed on this channel now.

Yesterday, the crypto space experienced something unprecedent, and this was actually one of the largest hackings in history, where the hacker was able to take over 600 million dollars to the poly network, so really interesting stuff. But the hacker went ahead and actually sent the millions of dollars back, so the hacker's polygon address sent 10 000 in usdc to a wallet set up by poly network on wednesday before sending another 1 million 15 minutes later. The hacker also returned 1.1 million dollars in btcb on binance smart contracts on the ethereum blockchain, the hacker returned 622 000 in faye, utc 1054, and a little over two million dollars in shiba inu five minutes later now. The key points to take away from this is that it seems like this hacker didn't really have mal intentions about taking this money for himself and just making this hack happen, so he can find himself making a monetary value uh.

Just like most hackers would do this one's actually really interesting, because he's been really just sending messages tipping other people being fairly generous with the amount of money he was able to take from the system. Now you do have to keep in mind because of the way the blockchain technology works. A lot of this is recorded online, so essentially he could be tracked till the end of time as long as his wallet address are still shown, because if he sends it to another wallet, address they'll be watching that wallet and they could see if it transfers anywhere Else now it does take a lot of work to do that, but when you're talking about the largest crypto hack, that's happened uh. I think people would go ahead and invest their time in order to make sure that they can track these things before he could actually wash the money and liquidate it now.

The fact that he is returning the money right now is showing that he may have been doing this to show an exploit in the system and even though the d5 space can really be like the wild wild west, sometimes where, because there isn't regulation for what cryptocurrency Is there are going to be pros and cons? So you know there's always going to be. This age-old debate like how much regulation is too much and how much regulation is too little. Maybe sometimes you do need the law to step in or some type of insurance, because if someone does happen to break through and take money as a hacker, you know who's going to be protected. What if one of us lost money? What if any of us viewers? Literally, had money taken from our accounts, you know who would reimburse us.

We would not be happy. So you know it's really interesting to see this type of story play out, i'm sure in the future there is going to be a documentary one day about this situation happening, but it's really nice to see that the hacker is returning the money and it seems like He's acting more like a robin hood, so in other news, pnc bank is planning crypto offering with coinbase. Now this is the second time we've heard coinbase in the news about a week ago, they actually launched some news talking about integrating apple pay and google pay more closely with their apps, so people can get their money faster and deposit higher limits up to a hundred Thousand dollars now we actually have pnc the fifth largest bank in the us, which is planning to offer crypto investment services to their clients. They quote here in recent months.

We have formed partnerships with industry leaders, including elon musk, pnc, bank spacex, tesla third, point llc and wisdom tree investments a letter from pnc to its shareholders. A source has previously told coindesk that pnc is expected to unveil a crypto john in the coming quarters. Pnc is the latest mainstream mega bank to dip its toe into digital assets, and perhaps the largest to do so with coinbase pnc is already plotting. A more cryptocentric future and months ago began hunting for someone to lead its innovation push, so they went ahead and removed.

This job listing on their site, but they actually had this red in quotes. The role will work on scaling operations for our cryptocurrency investment capability, as well as managing all operational aspects pertaining to new cryptocurrency initiatives. Now this hands down is going to be one of the most bullish articles that we can have with regards to cryptocurrency and bitcoin. We need large institutions to enter cryptocurrency.

We need to see more banks starting to realize the potential of crypto and allowing accessibility for their investors to enter the space as well. In this article, they quote against a backdrop of institutional interest returning to cryptocurrency instruments such as the grayscale bitcoin trust figures show that major players have in fact been adding to their bitcoin holdings throughout the downturn. Exchange balances prove the point with derivative platform, seeing a repeat of the trend last witnessed at the end of 2020., even during the most intense phase of the bitcoin bull run this year, derivative balances, conversely, grew a decreasing balance, characterized only the very beginning of the run. To 64 500, now i can say the last few weeks have been nothing short of phenomenal in the crypto market, we've been getting breaks, we've been holding the levels and we have not been breaking support and seeing that new layer of foundation in the price anytime, we Break it and we hold it.

Like we've been holding forty six thousand dollars. It gives us the opportunity to continue accumulating waiting for more money to enter these positions, so we can continue riding back up now, while we continue to see more confidence going in the market. One of the best ways to prepare for any type of surge in the crypto space is going to be keeping an eye out on other all coins in order to profit. If we do get an ultra mega all coin season stirring again, you want to make sure that you have positions ready now.

So if you have been holding your positions, if you have not been selling off, there's really not much for you to do. This comes down to a principle that i've been focusing, at least within our inner circle group, by the way opened up some new spots because people keep saying it sold out and they want to get in. If you want to check it out, you can join the group, patreon only charges, i believe at the first of every month of september, so you can check it out for the remainder of the month, see if you like it or not, and if you don't just Unsubscribe, if you do just continue staying group member but check it out before it sells out, what i want to say was the whole idea of timing, the market versus putting time in the market. So i know many new investors are going to want to enter these positions now that we're going to see a little bit more fomo now that we have 75 to 100 000 bitcoin back on the table, meaning other all coins are gon na rip way more significantly.

If bitcoin hits a hundred thousand dollars, you have to realize that other all coins in the market are going to see an exponential price increase absolutely blowing through the previous all-time highs that we experienced back in may. So when i say you should not be timing, the market, this means anytime. You think this is going to be a big enough dip. You yolo your life savings and then you think you can make the swing trade back up day.

Traders are a completely different animal and, if that's your cup of tea, i have full respect for it, but for any new investors into the space. What i recommend you to do is to just keep money in the market, regardless of whatever happens. If you want to enter positions, yes, when the market is in a more fearful index, you can consider entering positions. Then slowly dollar cost average, but you don't have to dump in money in order to make these extraordinary amounts of gains.

If we continue to see an increase in the price, no matter where you have your entry position at at this point in a year or even a shorter time period than that, even by the end of this year, you will still find yourself profitable. Now it's always good to enter positions at a good time. Otherwise, if you enter at an all-time high and we do get a dip, it's not going to be easy to look at, and i know many new investors can be turned off whenever they see unrealized losses. In their portfolio, but let me tell you this now: if you are red in your portfolio, don't get discouraged and don't think you have to panic, sell because the whole market's going to collapse.

Try to take your emotions out of your trades, because in these instances where we do see some momentum stirring in the market having these positions in the market for a long period of time is oftentimes still going to outbeat any trader who's still trying to match these Swing trades, the crypto market has so much more room to go. We are still so early into the space and, yes, we are going to have corrections. Yes, we are going to have volatility. Yes, there are going to be some days where it's red, but if you take a step back and realize i'm in this, for the long run - and i know what's to come, you can still find yourself making a lot of profit during the time.

So for me personally, my favorite all coins that i'm gon na be keeping an eye out on is ethereum right now i still am much more bullish with ethereum than i am with bitcoin and then with other smart contract cryptocurrencies cardano chain link. I i don't want to necessarily add dogecoin onto that list just yet, just because even with this, it's just there's no real utility behind it and when there is actual use case or some type of functionality that i see in the future, then it's a cryptocurrency that I would consider adding to my portfolio unless i just plan out, want to gamble alrighty guys. Thank you all so much again for watching this video. All the way till the end don't forget to check out weeble where you get two free stocks, where you can trade, both stocks and crypto, using their app.

Also, on top of that, don't forget to check out block fi. You can earn additional interest on your crypto. Withdraw at any time and earn a little bit of a bitcoin bonus by using my link down below and depositing 25 into the app one more thing surf shark 83 off in three months: free protect yourself with a vpn. If you have not done so already and actually want one more thing, follow me over on instagram at creditbrian.

If you guys want to see what i do on a day-to-day basis or if i post more alerts or just any stuff regarding social media, follow me over on instagram, i really appreciate the love. Thank you all so much again for tuning by and until next time, peace out.