The Altcoin Daily brothers have published their daily video with several topics. First (off course!) Bitcoin which is undergoing a supply-crisis. Since the start of the year whales created 211 new Bitcoin addresses with more than 1,000 BTC. However, the Bitcoin supply on exchanges is at it’s lowest level in almost 2.5 years.
Bill Miller’s Trust is about to Invest up to $300 Million in Grayscale’s Bitcoin Trust. According to a filing submitted to the US Securities and Exchange Commission by the Miller Opportunity Trust, the trust founded by American investor and fund manager Bill Miller “may seek investment exposure to Bitcoin indirectly by investing in the Grayscale Bitcoin Trust.”
Tesla buys $1.5 billion in bitcoin and plans to accept cryptocurrencies as a payment. According to a filing with the Securities and Exchange Commission, the company said it bought the bitcoin for “more flexibility to further diversify and maximise returns on our cash.”
Ethereum CME launch on February 8th itself represents a significant step toward the creation of financial products built around cryptocurrencies. Institutional investment in Bitcoin and Ethereum is a strong signal for a new era of integration between the cryptocurrency ecosystem, in which tokens increasingly act as store of value.
Austin from Altcoin Daily discussed major news and fundamentals of his top 3 altcoins with massive potential in 2021, they are as follows:
CARDANO (4:44) – Blockchain research and development company Input Output reported that the Cardano Testnet is officially in the multi-asset era with the Goguen ‘Mary’ native token upgrade successfully forked & applied. They hinted the next stop is the mainnet, by the end of the month.
Further big news for Cardano, IOG is in the final stages of signing a government contract in Ethiopia to bring several million users onto the Cardano blockchain.
SNOWSWAP (7:04) – SnowSwap Integrates Chainlink Fast Gas Oracle. The decentralized exchange that employs farming rewards to generate yield for liquidity providers taps into Chainlink’s highly secure and fault-tolerant oracles to advance its yVault, ETH2, and other yield-bearing token swap services.
ENJIN (8:56) – Blockchain Firm Labs Group Taps Enjin to Tokenize Real Estate Assets. The blockchain real estate company will use the Enjin platform to mint and issue NFTs.
Enjin’s CEO, Maxim Blagov says they can be among the first movers to disrupt one of the world’s oldest markets together with Labs.
This episode premiered February 8th.