The 3 Doges discusses Cardano, Cosmos, Bancor and other altcoins
In this episode
Today on The 3 Doges we use CoinMarketCal to discuss some of the big altcoin updates coming, including Cardano ADA, Cosmos ATOM, Bancor BNT, Zcash ZEC, Algorand ALGO.
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- Cardano's Shelley hard fork at month-end is considered significant for the platform despite the fork itself potentially being a non-event.
- Cosmos ATOM has gained significantly in recent weeks with Stargate testnet development and partnerships like Kava Labs building DeFi on its blockchain.
- Zcash ZEC shows technical strength with an ascending triangle pattern after year-long accumulation and is testing resistance levels for potential breakout.
- Zcash mining remains profitable compared to Bitcoin mining, suggesting bullish fundamentals despite price concerns from low supply and high per-coin cost.
- Algorand raised sixty million dollars and recently listed on Coinbase, positioning it as a notable platform with institutional backing and exchange visibility.
Transcript
Read the full transcript
hey guys we're live in the crypto coin show studio once again for another episode of the three doges i'm ashton addison at cryptocoinshow on twitter at jessecouch on twitter at i'm not the wolf on twitter wolf of poloniex not financial advice but let's go over some crypto coins in this alt season or all spring really yeah yeah and we're going to take a look
at coinmarketcal.com coin market calendar today to look at the significant upgrades uh functions and features that are coming out in the near future and because that's usually a great sign of bullishness for the coins yeah i like the site i've been using it quite a few times to just find out the latest info they got some nice search features i like it
quite a bit yeah so we've broken it down for today into finance only significant upgrades within the next year that's not always significant but i think there's some pretty good stuff so let's jump into the first one briefly cardano which uh they have the shelly hard fork at the end of this month and uh that's like a non-event i mean maybe the hard fork itself might
be a non-event but the shelley upgrade is actually supposed to be pretty good uh on top of cardinal's platform i don't know anything about that yeah i don't even know what card is the same it's like it seems like coin market count knows nothing about this either you're right it has no additional information so i guess we'll go with that's a non-event yeah so let's check out
cosmos here adam yeah stargate testnet i thought they were in mainnet but i guess they have a new test net that they're working on stargate test net yeah yeah i thought you know when the token sale originally was in 2017 it took so long for it to come out i thought they were building the platform then right the main net got released and did a huge bump
uh but with this test net actually in the last uh two to three weeks adam has done a big a major gain so yeah it's always good to have a nice test net test out new features it pumped up recently right pretty pretty nice adam a little bit a little pump i guess yeah still ways to go still a ways to go in the long term though it's a very promising coin because it was in one of
the it was like almost like a large market cap coin like the market cap was huge yeah i'd rate it positive on the fundamentals it's got a winning fundamentals um into the short-term future a few years into the future with all the improvements it could have a long-term future too but nobody can really guess that much further yeah well i recently interviewed kava labs
uh d5 project and they just did a huge return uh on their coin but they actually built their defy into cosmos blockchain rather than ethereum because they saw the interoperability that the blockchain has um and they're also partnering with finance coin um as one of their first tokens that they can stake on the cosmos blockchain so super interesting uh long term long-term
you get state coins on the one yeah i don't know anything about that yeah well this is why i literally has great people saying quite loosely in the crypto yeah really holding it in your wallet oh my god [Laughter] well let's take a look at zcash privacy coin work upgrade heartwood network upgrade not and not another non-event yeah i i think
you know for especially for something like zcash like i don't really think people give a crap about the network update but it does have a pretty nice chart you know if you want to uh pull up yeah up the chart um we can see right there in the in the little yellow uh ascending triangle pattern you can see that it's uh it's already developed the floor and accumulation for over the past
what is that like a year or so yeah uh since july of last year so af once something has accumulated for that long just like silicon a lot of these these other coins that are pumping um it creates the top resistance and once that top resistance gets broken then it usually goes on to its rally so right now it looks like it's about to challenge that top resistance and try to
break it um and you you can see the same on multiple different of the uh major cap coins so it might i'm thinking that maybe the um the coins or you know the the lower cap coins are the ones that started pumping in the beginning and now everything's starting to move on to the higher cap coins and um and we might see you know xlm and xrp and ethereum and
zach and all the other major caps start to pump so it looks like zcash even had one of the earliest pumps back at the beginning of the year what percentage is that yeah right there because it's a leader in the space it's one of the top privacy coins 100 percent return just around new year's day of the year so but it's testing it's testing this resistance level again and
to go back to the higher highs of 2000 prices already 19. that's nice to see is the retracement yeah that's where i would have left but if it breaks through that's another great place to uh you know because if you zoom out z caches has a lot of potential if it can really get some usage and some adoption here yeah i mean i almost never say to buy z cash
but but i'm not gonna i gotta say it's looking pretty good it's one of those weird coins because it's really high priced because there's a low supply so everyone thinks that they're not going to make much money because they can only afford one coin no that's not how it works not only that but the miners the people that yeah they're constantly dumping it and it's
just cheaper to mine this than it is to mine um bitcoin and stuff like that so yeah you know what i actually have i believe they had to have a name too definitely okay maybe yeah that's probably why it's going up yeah yeah yeah i i know some miners that were mining bitcoin and they also had bought some zcash miners just on the side and they were saying
that it's the most profitable thing that they're mining right now yeah so obviously that's that's bullish for the coin and even at this low price probably the hash rate is down so it's not as competitive to mine because you can't sell it for as much but if you're accumulating them uh it seems promising so yeah so there's one other coin as well on coin market
cal take a look at algorand i did an interview with these guys last year when they launched their platform it's based in boston they actually raised 60 million dollars so but i think that they had some something in the clause about you know if the price wasn't at a certain amount then like you can get a potential refund like within a year or two of like the token
sale that's what's nice of them to do was that so was that them i remember reading something like that yeah i don't know if that was them 100 but i i swore one of our uh friends said that was them and they've been making big moves you know that it got listed on coinbase this morning and coinbase is i guess one of the most reputable exchanges hey remember if you if you send some
bitcoin they'll double it and send it back to you yeah anyways guys uh those are our four coins for today smash the like button if you like this episode comment on which coins we should do in the next episode follow at cryptocoinshow on twitter subscribe to the youtube channel as well follow jessecouch on twitter and follow i'm not the wolf on twitter and
we'll see you guys next episode
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