Transcription
Hello, money-making enthusiasts of YouTube! Welcome back to Luck Crypto, where preparations meet opportunities. We are the channel doing exceptional things, becoming exceptional people. So hit that subscribe if you want to join our movement. We are going all the way to 1 million subscribers!
And you can see here, I am looking at a photo of Bora Bora in French Polynesia. And I wanted to ask you the question: which is the ideal destination for you for the perfect, ultimate holiday that you'll plan to go on when you realize all your crypto gains? Uh, for me, I want to take the family to Bora Bora. It's a place very far away from me, and just look at it—it is absolutely beautiful. So let me know in the comments, what would be your favorite place to go? Maybe it's a trip you've been planning all your life, or maybe it's just a place you've recently found. Let me know in the comments section below. I tell you what, when we've officially made it with our Casper gains, we'll meet up in the Four Seasons Resort Bora Bora.
So let's quickly take a look at the price of Casper on my website, luckcrypto.gg. And it's not looking too pretty today. Casper sitting there at 6.39. Ouch! I feel like there's been a huge amount of manipulation this weekend. It was kind of starting, and especially when the S&P 500 was taking that huge, almighty dump on Friday. But I don't think Bitcoin and crypto should be tagged with being like a tech stock or anything. I think Bitcoin closely resembles gold as an asset class, and gold is going on an absolute crazy run. There's just no signs of gold stopping.
So anyway, one thing I wanted to quickly ask you is: if you are not subscribed to the channel already, we are only 18 subscribers away from hitting that 3,000, um, what's it called, milestone? So, uh, do me a favor. Do me a big one by hitting that subscribe. We're almost there! We'll do a celebration at 3,000 subscribers.
Anyway, today's video is called "Casper is the most technologically advanced crypto ever created," and I'm going to tell you some reasons why. We are, of course, using our trusty tool, artificial intelligence. We already know the top 10 reasons, but AI can generally be a very good helper when making these videos.
So, top 10 reasons why Casper is the most technologically advanced cryptocurrency ever created:
Number one: 10 blocks per second throughput. Casper has achieved a record-breaking 10 blocks per second on its test net, setting a new standard for proof-of-work cryptocurrencies. This high throughput ensures rapid transaction confirmations and positions Casper as one of the fastest proof-of-work networks. Well, it is the number one fastest proof-of-work network.
Number two: solving the blockchain trilemma. Casper is one of the few cryptocurrencies that successfully addresses the blockchain trilemma: balancing security, scalability, and decentralization. Its unique block DAG architecture and GhostDAG protocol allow it to achieve all three without compromise, and it does so all while being the best, most technologically advanced crypto ever made that the world has ever seen.
Number three: GhostDAG protocol. A generalization of Nakamoto consensus, Casper implements the GhostDAG protocol, which is a generalization of the Nakamoto consensus. Unlike traditional blockchains, GhostDAG processes all blocks in parallel rather than discarding them as orphans, ensuring better security and efficiency. And this is groundbreaking technology. Casper was created—it was mined; the first ever Casper was mined in November 2021. Is that right, or was it 2023? I have to—I think it was 2023. I'll have to get my, uh, facts straight on that. Um, but anyway, I'm pretty sure it was 2023. Um, it was the first of its kind. It is a breakthrough in cryptocurrency, much better than Bitcoin, but it does also have the same UTXO concept as Bitcoin. It's a bit different from Ethereum's account-based blockchain. Anyway, number four:
Number four: block DAG architecture. Casper's block DAG (directed acyclic graph) structure is a revolutionary departure from linear blockchains. You could say that linear blockchains are what is the limitation, the limiting factor for scalability for blockchains and cryptos, but Casper doesn't suffer that issue. It has a DAG, which means the transactions and the blocks can be branching off like a web from each other. And, um, when you see the the Casper Explorer, you can visualize just how crazy it is compared to all previous cryptocurrencies. Uh, the this architect—this architecture allows multiple blocks to coexist and be processed simultaneously, enabling unparalleled scalability and throughput, and, uh, yes, it's able to achieve 4,000 transactions per second when the 10 blocks per second goes live on mainnet.
Number five: rapid transaction finality. With its high block rate, Casper ensures that transactions are confirmed within seconds. For example, a transaction is usable in the receiver's wallet within 10 seconds, making it highly practical for real-world use cases.
Number six: energy-efficient proof of work. Casper uses the K heavy hash algorithm, which is optimized for energy efficiency and is compatible with optical mining. This makes Casper more sustainable compared to traditional proof-of-work cryptocurrencies like Bitcoin.
Number seven: decentralized and fair launch. Casper is a community-driven project with no ICO. This means no initial coin offering, no pre-mine, no pre-allocations. This ensures a fair and decentralized network, a fair distribution of coins, adhering to the original ethos of cryptocurrencies.
Number eight: scalability without congestion. Casper's architecture eliminates network congestion issues by allowing high throughput and parallel block processing. This scalability ensures that the network can handle a growing number of transactions without delays.
Number nine: future-ready for layer 2 solutions. Uh, excuse me while I just take a nice sip of my drink. Casper's design supports sub-networks and is ready for the implementation of layer 2 solutions. This positions Casper as a versatile platform capable of supporting decentralized applications and services in the future. In my opinion, this needs to get a bit of a move on. The developers need to implement smart contracts so that we can finally bring on stable coins like USDT, USDC, and then, uh, AMM (automated market makers) like Uniswap, etc., could be made and deployed on, right on the top of Casper. This would drive massive new support from many different new adopters of the currency.
Number 10: open-source and community-driven. This is basically like the fundamental of cryptocurrency. This needs to be like, you know, basics. This is cryptocurrency for dummies. Anyway, Casper is fully open-source, allowing developers worldwide to contribute to its growth. Its community-driven approach ensures transparency and continuous innovation. While this is all true, unfortunately, Casper has not been able to attract the tier-one exchanges for spot markets yet. However, we are all speculating that Coinbase, Binance, etc., etc.—I know you've heard me say it millions of times now—but that's what the speculation is, that sometime this year they may finally do a spot listing for Casper.
Casper's combination of cutting-edge technologies, such as the GhostDAG protocol, block DAG architecture, and its abilities to solve the blockchain trilemma, makes it one of the most technologically advanced cryptocurrencies ever made, ever created. I would say it's the most technologically advanced. Its focus on speed, scalability, and decentralization sets it apart as a leader in the crypto space. And considering that on CoinGecko, CoinMarketCap, that Casper currently isn't in the top 50—everything we just read—it is crazy that Casper isn't up the order. I think it should be at least a top 10. It should definitely be in the top 10 by market cap.
Anyway, let's take a quick look at Casper trading on Kcoin, because I like the Kcoin chart, if it will load for me. We can take a look at what the momentum is over the last few days and what it will be going forward over the coming weeks, but it isn't loading at the moment. So we'll just need to give that a second. Let's do the trusty crab watch. We can look on Cast—FYI, this is a fantastic explorer for Casper—and, uh, we have gained 158 crabs in the last 24 hours. We have gained 29 octopus, 113 fish, 57 dolphins, nine sharks, and one whale. This is very, very good. The price is down, but the number of fish and crabs and octopus are going up. This is healthy. This is very healthy, in my opinion.
Let's see what the biggest addresses have been doing. Whoa, look at this! Meexe, the balance has been reduced by 21.5 million CAST today. And number two, Gate.io has, uh, reduced by 13.3 million Casper. But the number two wallet, which is now the number three wallet, have they done any extra purchases? We don't—it doesn't look like it. Oh, they have! Wow! They have done a massive one indeed they have. All that Casper flowing out of Gate.io has been going straight into this wallet. The speculation is that this wallet is Binance or Coinbase. We don't know yet. That is pretty, pretty insane. All right, then. They didn't get the whole amount; they just got 2.9 million, which is a decent amount of Casper, and they just keep accumulating. Look at the balance history; it keeps going up and up and up and up. Very good.
All right, then. Kcoin, have you loaded yet? Let's see what's going on. It's not very fun when you look at a sea of red on the weekly time frame. Our MACD candle, which was growing according to these white candles, is now a red one. So it is falling again. This is bad news. We're going to need to see this rapidly turn around, otherwise it's not looking fantastic. We will watch next week's weekly chart. Oh dear. Oh dear.
Anyway, we're going to need to take a look at Bitcoin now. And this is al—also on the weekly time frame. We have got a very big red candle, which these were looking like there was going to be a pattern called the three green soldiers, which would be quite bullish. But now, unfortunately, this is a red soldier, and the MACD has also turned solid red. If this was going to be hollow red, this would be maintaining its bullish momentum that we looked like we was just getting the start of, but not yet. We might need to wait until next week. And the RSI is turning back down to the downside, but this might bottom. It might have already bottomed, but anyway, let's get to have a look at the price of gold, because, as I mentioned, gold has been on an epic run. Six-month change: 16%. And, uh, the the six-month change for Bitcoin isn't all that great in comparison to what gold is doing. And gold is an asset class worth over $20 trillion. You know, for it to go up 16%, that is a massive amount of market capitalization added on to the asset. Just wait until Bitcoin keeps adding on to its two trillion, rather measily in comparison to gold. If, uh, gold is going to get to—excuse me—if Bitcoin is going to match gold, there is still a 10x in Bitcoin.
And the Casper Crescendo hard fork countdown: the number of blocks remaining is 3,165,000. Estimated time remaining: 36 days, 15 hours. So we are going to count down the days. Projected time: May the 5th, 2025, at 15:00 UTC.
Uh, that's going to be the end of the video. I want to take this end-of-video opportunity to wish you all the very best of luck. I'm hope—I hope you're having a fantastic weekend, and, uh, have a great Sunday tomorrow and build momentum to go into the week, the next week. We don't know what it's going to bring, but I know with preparations being made, the opportunities will flow into our lives. So wish you all the best of luck, and thanks for watching. I'll see you in the next one. [Music]