After the selloff yesterday it looks like most coins are recovering pretty well. I didn’t notice unusual spike BAT which I thought was a bit odd.
At the moment it’s about 30% out for the day which is outpacing it’s peers. I first thought it could just be the recovery but then I saw a news article saying that Grayscale is hinting at opening up some new funds.
Grayscale registered new single asset trust funds for Chainlink, Basic Attention Token, Tezos, Decentraland and Livepeer.
Xtz is moving, but not to the extent of BAT. It might be worth putting some funds in to see if we get a spike on the news.
However, the firm has not yet officially announced the new single-asset trust funds. The asset management firm said it often makes reservation filings which do not necessarily mean the specific products will be brought to market.
This is still an interesting development that we should be watching carefully has they are buying up a huge amount of the supply of the Bitcoin. I figured it would not be too long until there’s an institutional investor that wants to get into the alt coin space to repeat bitcoins early gains.
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I've also saw an article on the web about this, but I skipped MANA and Livepeer, of which I don't even know a thing.
About BAT, it could be a good choise, why not indeed? It is a good browser.
Tezos I think is a bit overestimated.
But LINK I love it :-)
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Xtz and bat are my favorite of the list. I don't know much about link.
Those are some really weird ones to be considering. I can understand TEZOS I guess and maybe LINK just because of all the hype, but MANA while cool seems like a real outlier to me. As does BAT. That is pretty crazy. I was thinking about picking up a little bit of MANA just in case, but the gas fees are so high I will probably pass. I think I have a very small amount of TEZOS in my Coinbase wallet.
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I thought the list was odd too. BAT has one of the best browsers so maybe for that tech?
Maybe... It still doesn't really fit with their scheme though.
Yeah I do know a lot of these people file these for the 'just in case' portfolio.
Thank you for the market update @cryptictruth
No problem. I think it's important to understand what's going on because it bribed price action.