Ivan says everyone’s concern right now is if Bitcoin bounce to $47.2k from $43k is a real recovery or just a relief rally before going further down. Ethereum bounced on the previous all time high as the new support level is a perfect one but Ethereum is most likely following the Bitcoin trend in price development, Ivan added.
Tether minted USDT reduced after the New York probe against the stable digital cash provider on the blockchain claims their operation is not legit, the minting reduction may have affected Bitcoin says Ivan as historically shown Bitcoin surge in price when more USDT are minted (2:25).
The altcoins segment covered SuperFarm, the newly launched cross-chain DeFi protocol announced partnership with Animoca Brands to launch exclusive NFTs drops and farms. Animoca Brands develops and publishes mobile games in addition to other products based on popular intellectual property (12:25).
Shadow Network, a Substrate-based synthetic asset issuance protocol, is readying for lift-off on two launchpads, namely Ignition and DuckSTARTER on Tuesday, March 2nd, 2021 (14:35).
PlasmaSwap launches soon, a Decentralized Exchange [DEX] by PlasmaPay (19:36). SafeSwap airdrop for YF-DAI holders (20:15). Butterfly Protocol issued token $BFLY listed on MXC Exchange (23:08). Benchmark Protocol moving to Binance Smart Chain (24:05).
Other discussed projects are Zenfuse (24:58), Chain Guardians (25:22), Ethernity Chain (25:31), PolkaFoundry (26:10), Morpheus Network (26:46).
This episode premiered on March 1st, 2021.