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Altcoin mania intensifies, taking some profits and enjoying gains


February 12, 2021 · By JP
Aleph.im (ALEPH), Bitcoin (BTC), Decentr (DEC), Ethereum (ETH), Fire Protocol (FIRE), Morpheus Network (MRPH), SuperFarm (SUPER), The Graph (GRT), Umbrella Network (UMB), UTRUST (UTK), yearn.finance (YFI), Yield Optimization Platform & Protocol (YOP)

Ivan -discussing mainstream adoption of cryptocurrencies- shared Miami Mayor Francis Suarez video on the City proposal to pay municipal workers and collect taxes in Bitcoin, expanding a campaign to promote cryptocurrencies.

Ivan says news of the first publicly traded bitcoin exchange-traded fund (ETF) in North America given the go-ahead by Canada’s financial regulator is a very big news as it will not only attract investors in Canada but the USA and other countries as well (01:00).

He also shared Uber’s CEO Dara Khosrowshahi interview with CNBC where he said that the company is open to the idea of accepting Bitcoin as payment (01:40).

https://youtu.be/jsV9xXY5gyo

Ivan says he has been taking profits in altcoins and implore everyone else to because you can lose all your money in crypto. The Graph (GRT) did a 10x since his initial call around $400m market cap, he confirmed he took significant profit along the way and would normally do after 5-6x (04:50)

Ivan believes BTC and ETH are not ‘doing a lot’ right now because they are consolidating for the next big move (13:03). Breaking $50,000 is the most important thing right now for Bitcoin and ETH is targeting $2,000, He added.

The altcoin segment covered SuperFarm (15:00) set launch on February 22nd via an IDO on Polkastarter, YOP (16:40) up 91% in the last 24 hours and have a IDO marketplace launchpad coming up, Aleph.im (18:40) partnership with DECENTR to bring their cross chain could solution to the ecosystem, Yearn.Finance (19:40) up 60% from call, UTRUST (21:28) up 20% now on Coinbase custody for deposits and withdrawals which could pave for its listing, Umbrella Network (21:54) new partnership with Fire Protocol, REEF (22:15) gaining momentum — currently listed on Binance which is crucial due to retail investors, Morpheus Network (23:56).

Further discussed coins are ANKR, BMI, Hyppr (Howdoo), Butterfly Protocol, Yield App.

This episode premiered on February 12th, 2021

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