Hope for Bitcoin? | Terra Luna UST Chaos | Polygon Meta NFTs

If michael saylor can be light-hearted Under these circumstances and show a Little bit of levity then that means so Can you so can i uh no i don't think He's going back to mcdonald's but Important to see that kind of positivity In the space he's obviously poking fun At himself very tongue-in-cheek kind of Post here bitcoin has dipped below 30 000 Unfortunately and the crypto world seems To be bleeding just profusely right now There are some exceptions and there is Some good news by the way that we're Going to discuss i'll be filling in for The news today but this is in the Context of a lot of other downside Market pains we're seeing it in the Nasdaq for example which is up today on The day at the time of this recording But we're taking a look here at the last Three months you can see the downward Trend the last month here for the s p 500 and the last month for the dow jones It seems like everything is down crypto Traditional stock markets commodities And gasoline are probably the only Things that are up we're going to be Discussing all of the hot topics Including what tara luna has been doing By cashing in its bitcoin reserves to Help stabilize its stablecoin something That ought to be stable in the first Place so there are a lot of negatives

That we're going to go over not to Sugarcoat anything but there are some Positives as well there's etf news There's investment news we're gonna go Over all the latest that you ought to Know about in the crypto space so stay Tuned [Music] Welcome to the channel my name is matty And this is altcoin buzz we are a crypto Investment research company we have Documented many 100x returns on coins And tokens that are top projects today Really before anyone else was even Talking about them and if you want to See our detailed process for researching Such projects then our new and improved Altcoin buzz access group is for you our Plans start at 99 Monthly be sure to click the link below For more information we'll be going over Some price activity and some market Analysis today but just keep in mind That officially none of this ought to be Considered financial or investment Advice as i mentioned right out of the Gate it's been a bloodbath in the world Of cryptocurrency over the course of These last seven days we're talking Double digit 20 plus percent downside Price action we're bouncing back a Little bit today along with the rest of The markets but for context everything Is down i talked about the fact that the

Nasdaq again up a couple of percentage Points today but really down over the Course of the last week and the last Several weeks same trend is apparent in The s p 500 same trend as apparent in The dow jones industrial average so it Seems like a lot of not only the crypto Space but traditional markets are Feeling this slum feeling a lot a lot of Rather negativity right now and as is Often the case whatever is happening in The real world uh you know because we Tend to mirror the real world markets a Little bit whatever happens in crypto Tends to be exacerbated and then add to That the fact that you have all this Negative news out of tara recently That's only making things worse but Let's start with a few positives before We delve into those negatives because There is positive International investment news believe it Or not and we got to try to as much as Possible be aware of the silver linings Here never financial advice but the Truly wealthy the truly rich recognize Opportunities and they buy up assets When blood is running in the streets so It is important to buy low and sell high Part of that is buying the dip i'm not Suggesting or recommending that you do That but there are others out there with That mentality as i mentioned problems In crypto kind of compound and when

Things start going bad they get really Bad when it rains it pours kind of thing So courtesy of cointelegraph.com bitcoin Network transactions and fees surge amid Investor de-risking so this is one Variable that we're adding to The rest of this storm here 1.12 billion Dollars wiped out in 24 hours bitcoin Ethereum terra traders are most affected We're going to get into the terra news In just a second but a little bit more Positivity here we do have some positive Things to highlight by the way i should Mention if michael sailor can be Light-hearted under these circumstances And show a little bit of levity then That means so can you so can i uh no i Don't think he's going back to Mcdonald's but important to see that Kind of positivity in the space he's Obviously poking fun at himself very Tongue-in-cheek but with some positive News we do have el salvador like i Mentioned Mega investors uh whether at the Institutional or in this case national Level they're gonna be taking advantage Of these movements and here you have el Salvador that is buying the bitcoin dip They've just added 500 btc to their Balance sheet which is very good so at The time of purchase that was worth 15.5 Million dollars uh despite all the Calamity that we're seeing in the

Markets that is a time to consider Investing if it is part of your Long-term strategy and australia here Courtesy of watcher.guru they're gonna Be listing two bitcoin etfs and one Ethereum etf on thursday so this is Positive news that any other week would Have probably been major headline news It's still headline news don't get me Wrong but it's kind of slipping under The radar here amid all the other Negativity and people are forgetting That good things are still happening You know when you have these cascading Failures in the crypto space that is so Over leveraged things look bleak but in The background positivity is still Happening Investments of this type out of el Salvador out of Australia rather this is still happening And this is good this is worth Celebrating but the bad news however Is pretty bad it's pretty ugly uh if You've been following the saga that is The terra luna stable coin debacle You'll know what i'm talking about here But basically a stable coin is supposed To be just that of course stable i mean It's in the name and yet they let their Pegs slip below 70 cents Despite loan from bitcoin reserves we're On decrypt.co tara's ust stablecoin has Continued to slip below its dollar peg

And throwing money at the problem has Yet to work has yet to solve the issue Let's take a look at the price tara usd Ticker ust is below a dollar right now It's actually down 6.9 percent on the Day but it's at 92 cents so it's made up Some of the ground that it's lost However if we take a look at the price Charts you can see that in the last 24 Hours this is unacceptable for a stable Coin um it's it's hard to say Specifically What the problem what the fault was as Far as um tara's management but this is This is unacceptable um i won't say Unforgivable but this is unacceptable in The space you can see that what ought to Be a stable one dollar asset value Slipped to 66.6 cents mark of the beast in fact That is not good as i said it's since Recovered but this should be at a dollar Flat it's sitting at 92.5 Cents currently uh so we're talking a Major major failure on the part of Terra's ecosystem that admittedly we've Been very fond of here at altcoin buzz They've been doing a lot of things Correctly but if you're in a position Where you're that compromised where you Have to sell your bitcoin reserves at Local lows At 30 some odd thousand dollars that's a Problem and this is something that we're

Going to have to remind them of going Forward really indefinitely to make sure That this kind of thing never repeats And again the crypto space is faltering When things are failing when things are Cascading in a downward direction this Kind of news only makes it worse a major Failure on the part of terra if you had Your funds in luna and in ust we're Talking about dips of 60 and 40 percent Respectively very ugly stuff now Reportedly over 42 000 bitcoin were Moved from luna's foundation guard Wallet as the ust peg crumbled And this happened at an inopportune time 31 000 Was the price of bitcoin at the time i Guess of this publication altcoins of Course selling off and dipping even more Rapidly so 1.4 billion dollars worth of Bitcoin was moved from a wallet tied to The luna foundation on monday raising Questions about its ultimate destination On a day that has seen bitcoin's price Tumble more than 11 Again we're fans of luna we're fans of Everything that they're doing but if They've overextended themselves if They've been over leveraged to the Extent that these are the actions they Have to take not good and we want to see Them correct that we're going to hold Their feet to the fire until they do all Right let's pivot into some reasonably

Positive news here thor wallet d-e-x They're thrilled to announce that They've partnered with m-e-x global to List tgt the listing is happening on Friday the 13th at 2 pm utc and to Celebrate this event the community can Win a total of 2.5 million tgt if you Want to be eligible for this just follow The instructions here register and get a Lucky ticket by clicking on the link Guys as a reminder we have an ongoing Promotion with m-e-x-c global you can Check out the link in the description Below but basically we're giving away 124 dollars of value for free that's 25 In stable coins in your mexi account When you sign up so it can get you Started if you want to buy the dip Perhaps it wouldn't be a bad idea you're Also getting a one month trial Subscription for free to altcoin buzz Access that's a 99 value so 99.25 That's a 124 value that we're giving Away once again you can find more Information and sign up by clicking the Link below for more information on the Thor wallet dex check out the support Section at mexc.com Polygon now is in the news 0x polygon of Course is the handle looking to flaunt Your nft collection on instagram while Meta launches digital collectibles Powered by polygon select creators and Collectors can now showcase their nfts

To a wider audience if you want to know More about that click the link you can Also check out this piece on watch your Guru polygon 92 of matic investors are under water But here's the silver lining let us know Guys if you're an investor in matic if You're a bag holder but despite some Negative price activity that nft news is Pretty strong again meta is making a Major foray into web 3 and polygon will Be powering it we've been working with The meta web 3 team for months and They're super excited about everything That's coming so check that out guys if That's your jam and ft's web 3 you want To get into this space maybe you're Already in The matic ecosystem the polygon Ecosystem in one form or another check This out it may be up your alley earlier In the week we put out a video as to why We're still very much excited about Polka dot the polka dot ecosystem and Four protocols specifically that we Wanted to call out that we wanted to Shine some light on those being astar Akala moon river and moon beam we feel There's a lot of potential still left in The polka dot ecosystem for all kinds of Reasons check out the video actually if You haven't seen that one uh already I'll make sure a card is popping up Right about now also check out this

Piece on altcoinbuzz.io pokedex wins Parachain auction 16. polkadot pokedex Rather is a leading decentralized Exchange built using substrate of course On the polka dot network they just won Parachain slot 16 in an auction and if You want to get a better sense of why This is important why we feel it's a big Deal check out this article by stu we Will link to that in the description Below because we are excited about polka Dot and again never financial advice but It may be a good time to add some dot to Your portfolio uh going back here's just An update related to our earlier story About tara luna so briefly by dance did Halt luna that's l-u-n-a withdrawals as Tara tokens plummeted by 50 so this was The status at one point but just in Binance has resumed luna and ust Withdrawals on the terra network so if That's something that was affecting you There we go popping back in if that's Something that was affecting you And you weren't able to Execute those withdrawals as of right Now that service has been restored if You're a football fan apologies i'm not I'd rather watch paint dry but if you Are maybe this would apply to you by Nance while we're talking about the Exchange they're sponsoring elite Football tournaments in brazil they're Sponsoring four major competitions

Including let's try to pronounce this Brazilian For the next three years i probably Butchered that let me know What i got wrong in the comments below But football fans out there check that Out if you're part of that ecosystem Maybe you're a football fan that uses Binance it could be something you want To explore further important news about Solana we've been talking about solana Recently solana prime courtesy of Altcoinbuzz.io is a gateway to the next Wave of web 3 projects And you should be aware if you're Already a fan of solana of the project And the ecosystem that on may 12th which Is coming up in just a couple of days Solana prime on may 12th is launching Its prime ido So new projects launching on solana Range from exchanges to wallets credit Logs to digital games therefore solana Prime is the platform where you're going To find the project's ido and on Thursday the 12th of may solana prime Will launch prime ido if this is Something you want to explore further Check out this article by lawrence again On altcoinbuzz.io more info available Here on medium.com you can double your Prime stake with the early contributor Staking booster Also here on medium solana prime is

Launching the prime token so for more Information check out these articles Okay moving right along i talked before About how there are some bright spots Despite all the negative news and if we Go back here to Coingecko.com uh you can see that we're Talking double digit negative percentage Losses over the last seven days but Here's the interesting thing keep your Eye on this column right here the seven Day column if we sort by the seven day Winners you're actually going to see That tron not only is it not down it's Up it's up by 17 when most other Projects are down by about 17 so how is It that tron is miraculously seemingly Miraculously how is it that tron ticker Trx is up 17 Given the bloody week that we've had in The rest of the crypto space well for One thing they're one of these projects That are actively buying up the dip when You have failures management failures in My opinion in the form of tara luna and The foundation that are selling all Their reserves at the worst possible Time At yearly lows they're selling their Bitcoin reserves you have tron that i Guess was a little bit more financially Responsible they're buying bitcoin They're like australia they're like el Salvador actually they're buying 500 btc

Which is the same number that el Salvador purchased so tron they're Buying 500 bitcoin for their stable coin Reserve and for a little bit of context Here tron recently launched its own Algorithmically backed stable coin Ticker Usdd which it intends to back with a 10 Billion dollar reserve the blockchain is Also offering a staggering 30 yield on The token and so far they've gathered Several notable crypto entities to Contribute to the usdd reserve including Alameda research and crypto unicorn Amber group and while the chain has not Disclosed the total value of its Reserves it intends to cap it off at 10 Billion Justin sun hasn't really been in the News Recently but this is uh a lot of Positivity that somehow he didn't make An announcement regarding an Announcement of an upcoming press Release announcement so this kind of Just caught us by surprise but kudos to Tron uh and the broader tron team and Ecosystem this is very responsible Responsible strategy here which is very Refreshing to see again in juxtaposition To some of the other negative news that We've been talking about and speaking of Stable coins as we now transition into a Few rapid fire updates cody and gatta

G-a-d-a they've joined forces as a.d i Would say ada ada's first stable coin Goes live cardano right now feeling the Pinch well below a dollar and a lot of Cardano and ada die hards All of a sudden i think there's been the Wind's been taken out of their sales our Sales because i count myself among them But here's some positive news with Djed's involvement gada's launch pads Will have an appropriate unit for Fundraising that is stable Phantom is also in the news here the Phantom foundation at phantom fdn the Major upgrade snap sync has been Activated snapsync improves network Reliability plus decentralization and Maintains network performance even as Phantom rapidly scales you can learn More at phantom.foundation in the blog Section guys check out our dedicated Video we talked about phantom what it is What we like about it all the pros all The benefits and advantages that it Brings to the table phantom is a very Cool project in our opinion Okay kucoin talking about fundraising Here a little bit more positive news to Round out the video kucoin has raised 150 million dollars that's been led by Jump crypto at a 10 billion dollar Valuation and cucco Coin rather intends to use the capital To expand its product lineup such as

Crypto wallets and defy and nft platform So Again there's some positivity uh in the Day's news it's not all doom and gloom There's a lot of doom and gloom but it's Not all doom and gloom Benjamin minsu over at elrond with this Update bitmart exchange has listed egld And integrates the esdt token standard This is their newest strategic partner And they're going to be supporting the Development and growth of the lrand Ecosystem by providing exceptional Products with funding and access to new Markets you can read more about that on Elrond.com Kudos to benjamin and the broader team That's very good news E c i o dot space main net feature Arrival this is survival mode so the Survival mode is going to be accessible For all players rather on the 12th of May C 2022 A n warriors needed to survive the Endless waves of hostiles for the Longest duration be prepared for the Battle Only the strongest will survive so you Can test your metal if that's something That you choose to participate in and Finally for the day guys engine starter With this news engine starter is Welcoming something different it's a

Different way to earn while being Healthy a lifestyle app that all ages Will need more details are going to be Revealed very soon watch out for their Next announcement in the days to come to Find out more follow Move to earn not financial advice guys But a lot of stuff is down right now Again as a reminder and just to help Soften the blow a little bit we're Seeing it in traditional markets the Nasdaq is down the s p 500 is down the Dow jones is down it seems the only Thing that's up is the price of gasoline And i believe diesel hit a new all-time High recently so things are pretty rough Right now not financial advice not ever Financial advice but we do wish you the Very best of luck if you choose to Invest if you're still watching And you're not too overwhelmed by the Scale and the magnitude and just the Weight of all this news it's been kind Of heavy especially beyond just Cryptocurrency right the news in the World right now is kind of heavy but if You've stuck with us here and you Haven't done so yet be sure to like Subscribe hit the bell to receive Notifications that way you're up to date Of course every time we publish new Content Guys check out these other couple of Related videos if you've not already

Stay safe out there members of the Altcoin buzz army and as always we do Hope to see you again soon in our next Video Take care You