We Were WRONG Referring to the Crypto Undergo Market | Well-known Ethereum, Binance, MakerDAO News!

IS BITCOIN FAKING THE MARKET OUT AGAIN WITHA BEAR TRAP?? HERE’S YOUR ALTCOIN BUZZ NEWS… HI I’M NATALIE AND WELCOME TO ALTCOINBUZZ! MAKE SURE YOU ARE LIKED, SUBSCRIBED AND NOTIFIED WHEN WE DROP OUR LATESTCONTENT… NOW, LET’S DIVE INTO TODAY’S HEADLINES! SO $18-K WAS SHORT LIVED… AFTER THE RELEASEOF YESTERDAY’S CONSUMER PRICE INDEX THAT JUST MISSED THE MARK… BUT BITCOIN DID TAKE ASURPRISING TURN TO RALLY BACK TO $20-THOUSAND DOLLARS… THAT SOME ANALYSTS ARE CALLING “THEBIGGEST BEAR TRAP” THEY’VE EVER SEEN… SO WHAT DOES THAT MEAN FOR HODLERS AND INVESTORS??IF I HAD A CRYSTAL BALL I WOULD ABSOLUTELY TELL YOU… BUT BILLIONAIRE INVESTOR MIKENOVOGRATZ SAYS THAT HE’S BULLISH ON THE IDEA THAT BEAR MARKET COULD BE LASTINGAS LONG AS THE FEDS DECIDE TO KEEP HIKING.

INTEREST RATES… AND THAT IF THE FEDS PIVOTON QUANTITATIVE TIGHTENING, THEN THAT’S WHEN ASSETS LIKE CRYPTOCURRENCIES SHOULD SEERALLIES THAT CAN ACTUALLY MEAN SOMETHING… ETHEREUM MANAGED A NICE LITTLE REBOUND IN RESPONSETO YESTERDAY’S INFLATION REPORT… AND THIS REBOUND PROBABLY HAS TO DO WITH THE FACT THAT ETHEREUMHAS OFFICIALLY BECOME DEFLATIONARY… OVER THE PAST WEEK, ROUGHLY 6-THOUSAND ETHER TOKENS HAVEBEEN BURNED… THANKS TO THE POST-MERGE BURNING MECHANISM… THAT BURNS TOKENS WHEN TRANSACTIONSARE VERIFIED… ANALYSTS ARE NOW SAYING THAT ETHER COULD BE ON THE CUSP OF A 35-PERCENT RALLY BYTHE END OF OCTOBER… THANKS TO TOKEN BURNING, AND THE FACT THAT ETH HAS BEEN ABLE TO HOLD ONTO THE$13-HUNDRED DOLLAR KEY SUPPORT LEVEL… DO YOU THINK ETHEREUM HAS ENOUGH GAS IN THE TANK TO RALLY THATHARD, THIS QUICKLY?? LET ME KNOW IN THE COMMENTS….

ONE OF THE CRYPTO O-G’S IS FEELING THEBURN OF THIS BEAR MARKET FOR THE FIRST TIME THIS YEAR… MAKER-DAO, THE HOME OF THE$DAI STABLECOIN, IS FACING ITS FIRST LOSING QUARTER SINCE 20-20… MAKER-DAO’S THIRD QUARTERSAW LOSSED OF OVER $4-MILLION DOLLARS… MARKING A DRASTIC 86-PERCENT IN LOSSES FROM THE PREVIOUSQUARTER… BUT HOW DID MAKER-DAO LOSE SO MUCH MONEY ALL AT ONCE?? IT ALL COMES DOWN TO ETHER ANDWRAPPED BITCOIN… WHICH ARE MAKER’S TOP MONEY MAKERS… AND BOTH CURRENCIES HAD LACKLUSTERPERFORMANCES IN THE THIRD QUARTER… PROFITS FROM ETHER-BASED ASSETS DROPPED BY 76-PERCENT…AND BITCOIN-BASED ASSETS FACED A 66-PERCENT DIP… ONE CRYPTO EXCHANGE IS COMING TO THE RESCUEFOR STRUGGLING BITCOIN MINERS… BINANCE HAS LAUNCHED A $500-MILLION DOLLAR FUND THAT WILLPROVIDE LOANS TO PRIVATE AND PUBLICLY LISTED.

MINERS… MINERS WHO GET ACCEPTED FOR ALOAN WILL NEED TO “PLEDGE SECURITY”, WITH EITHER PHYSICAL OR DIGITAL COLLATERAL… ANDCAN HOLD A LOAN FOR 18 TO 24 MONTHS… AND YES, THERE’S INTEREST… BINANCE SAYS IT WILLCHARGE INTEREST RATES BETWEEN FIVE AND 10 PERCENT… AND HOPEFULLY, THIS FUND CANGET SOME MINERS BACK ON THEIR FEET… FROM BEING FORCED TO SELL BITCOIN TO STAYAFLOAT IN THIS LENGTHY CRYPTO WINTER… UNISWAP IS ON THE BRINK OF A GAME CHANGINGUPDATE… UNISWAP GOVERNANCE HAS APPROVED THE DEPLOYMENT OF DEX’S V-THREE ON Z-K-SYNC 2-POINT-OHBLOCKCHAIN… THE APPROVAL SAW NEARLY 100-PERCENT OF THE OVER 43-MILLION VOTES IN FAVOUR OF RUNNINGON THE ETHEREUM SCALING SOLUTION PLATFORM… AND V-THREE WOULD BE AVAILABLE AFTER OCT. 28TH, WHENZ-K-SYNC LAUNCHES… AND THIS THIRD VERSION WOULD.

HOLD THE LARGEST SHARE OF DECENTRALIZED EXCHANGEVOLUME… AND V-THREE WOULD ALSO EXPAND THE AMOUNT OF PROJECTS THAT CAN BE DEVELOPED ON UNISWAP…THAT’S IT FOR YOUR ALTCOIN BUZZ NEWS UPDATE… IF YOU ENJOYED THIS VIDEO, AND WANT MORE INSIGHTSFOR YOUR CRYPTO INVESTING… PLEASE SMASH THE LIKE, SUBSCRIBE, AND NOTIFICATION BUTTONS TO GET ALLOUR LATEST CONTENT… AND BEFORE YOU GO… HERE’S MORE UPDATES AND DEEP DIVES ON OUR CHANNEL!! ASALWAYS, THIS IS NOT FINANCIAL ADVICE AND WE WISH YOU THE BEST OF LUCK IN YOUR CRYPTO VENTURES…THANKS FOR WATCHING AND SEE YOU NEXT TIME!

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