Avalanche Blockchain Outage | AVAX News | Angry Crypto Reaction

Angry Crypto Show Reaction / Review

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@CryptoWendyO

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Urgent chaos for Avalanche blockchain avac holders must watch I think this is regarding the network outage but I’m going to have a very different take if I think she’s going to go down the predictable route let’s check it out original videos in the description smash And subscribe smash a like let’s go

Earlier today we had a very popular layer one crypto project completely shut down they stopped producing blocks and unfortunately this seems to be a pretty popular Trend in crypto we saw this recently happen with salon and salana also has a history with going down but in this particular case it was Avalanche

And they completely stopped producing blocks stick around until the end because I’m going to tell you exactly why and should we be concerned or not something that we’re going to discuss also two apologies for not live streaming I am currently in Mexico City to watch Karate combat a lot of your

Favorite influencers in crypto are going to be tossing Paws and it’s going to be a lot of fun so make sure you download the app and watch the show if you’re brand new to the channel make sure to subscribe and set alerts and if you’ve been here make sure to smash the like

And drop a comment and let me know your thoughts on Avalanche shutting down so back to Avalanche shutting down they basically stopped producing blocks and apparently this was due to inscriptions inscriptions are basically like nfts but they’re not a little little bit different because you’re actually inscribing directly on the blockchain

While nfts are a little bit different essentially a token that lives on that blockchain so um we saw salana go down recently as well and there’s been a lot of drama in that community that but I don’t remember ethereum ever going down and I don’t think cardano went down so

Again we talk a lot about competition yeah uh don’t think cardano has gone down I can’t comment on ethereum with certainty but again like let’s get her conclusion because I’m going to focus on narrative and something that a lot of people do not talk about and that it’s actually a

Net positive in both regards when it comes to these different projects and right now ethereum even though the gas G fees are high they’re pretty reliable and they do have layer 2 solutions to help bring that cost down and the same with cardano in addition to that apparently Cathy would sold the bottom

On Nvidia which is kind of crazy right because that’s one of Nancy Pelosi’s best trades so according to reports she sold Nvidia for a 800 or she sold 800,000 Nvidia at the bottom and lost her clients approximately $500 million why would she do that I have no idea was

It tax related again I have no idea it seems like kind of an obvious play but any anyways there’s also another story with Reddit apparently they’re investing excess cash into Bitcoin and ethereum which is very similar strategy that micro strategy does right and again that’s pretty interesting and it’s a

Pretty smart move we do know that the folks over Reddit are very very bullish on crypto as well I believe they have their polygon um avatars or nfts too but a little caveat here you should be paying attention to open AIC CEO is one of the biggest shareholders

In Reddit hm interesting right and I believe he’s part of that world coin I scanning thing okay all right next apparently Unis swap also pumped like crazy I have no idea why people are speculating with this but at the same time you guys be very very careful try

Not to buy tops if you can I’ve seen a lot of controversy with uh Paulie from PNC and we know that pondex has been doing so many rewards to its users millions of dollars eight arguably maybe seven eight nine figures to its users and I think Unis swap is trying to do

Something too to kind of uh adopt a more exciting uh development to just kind of make this crypto 2.0 movement that Paulie has coined so um it’s kind of interesting she segued into Nvidia I think Nvidia even though it’s at 1.97 trillion market cap AI is still a very

Bullish narrative and nothing really has to make sense uh I’m not getting into Nvidia I’m not buying at these prices because frankly at at a market capitalization of the same of all of crypto it’s such a huge ug price now can it go higher absolutely but if it comes

Tumbling down it’s going to be like really bad losses so for the months that come 2024 2025 it’s still a bullish narrative the stuff with open AI I think that is very interesting being like involved in Reddit we know as she said I agree with Wendy that uh Reddit users

For the most part are very bullish on nfts Collectibles and stuff like that um I think they went about it the right way with using the right euphemisms to not scare its users away with like the collective stuff and whatnot however uh this Avalanche stuff let’s let her

Finish up and give you my thoughts because the Avalanche going down isn’t a bad thing same with salana and I used to be in the crowd of saying salana oh salana phone oh Network outage oh Network outage and I’ll explain why um if you don’t have to a little bit

Worrisome there and in addition last thing we’re going to touch on is Kraken Kraken is the second largest cryptocurrency exchange and they clap back at the SEC and they filed a motion um in a North California court to dismiss the SEC case SEC alleged that they were unreg um selling unregistered

Securities broker dealers Etc what the hell was this video just reading headlines so the problem with this is that uh guys um Avalanche going down right Avalanche going down is not bad actually it’s not bad Avalanche going down is good because it shows you what there’s activity so here’s my thesis

Hear me out it’s always about story and narrative when salana goes down you could argue ah it’s unreliable it’s unreliable but when you don’t tax Hardware when you don’t use up that CPU or GPU or what have you I’m just using as an analogy it shows that okay we got to

Improve we got to improve we got to improve they’ll be back up and running doing just fine and it also leans Into The Narrative of um cementing cardano and other chains that maybe have that where their narrative is like we never crash we never go out so it’s complimentary to each other because

Avalanche going down and I covered this in in one of the recent cardano reacts I think his name is Allin crypto Chad that gu based and he talked about this narrative and really credit goes to him when avax has problems when salana has problems it complements The Narrative of

The competitors and they have a Harmony where they kind of overlap and need one another the outages help each other and vice versa so it’s actually a net positive so I think avac guys don’t really need to be worried whatsoever and if you’re not in the avax gang and

You’re in the cardano and whatnot those outages also help your narrative so urgent chaos no I don’t think it’s chaos I think that uh it’s just another day in crypto you’re going to have stuff where it’s like okay we’re going to battle test this we’re going to Galvanize the network we’re going to

Make it better faster stronger and it leans into the narrative because when avac goes down when avac goes down cardano will be like oh look at us we’ve never crashed we never had this this that right and the same with comparable networks so I think that they have their

Individual narrative when when they go down they come back up they Rise From the Ashes they’re stronger faster and better and then also if they have a an issue it’s not to disrespect avax but it complements The Narrative of a competitor but it’s healthy rivalry and they all work in a Synergy something

That uh you know she just kind of glossed over just but at least letting people know I thought you go into detail about the narrative and whatnot but it is what it is original videos in the description this just caught my eye what do you guys think about wendyo what do

You think about her in terms of her her news or information and whatnot I’m kind of diversifying seeing what others are saying you know online and kind of like just uh it’s good to sometimes get some impartial Diversified uh perspectives unfortunately with this it’s just

Headlines but it is what it is you guys made it this far smash that subscribe smash that like uh support wo’s video original videos in the description and I’ll see you guys in the next angry crypto show