❕NEWS - Eye of Grayscale in DeFi Projects: New Application for 5 Altcoins | BeerMoneyForum.com

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aryan4

Sapphire Member

Jan 28, 2021

Major digital asset manager Grayscale Investments has applied for five new crypto funds. Assets are mostly in decentralized finance (DeFi).
Here are these:
Aave (AAVE),
Cosmos (ATOM)
Polkadot (DOT)
Monero (XMR)
Cardano (ADA)
Do you think we should be careful with these altcoins?

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aryan4

Sapphire Member

Jan 28, 2021

Almost all of us know the company Grayscale Investments for the huge purchases it made in bitcoin. I wonder if she can make such serious purchases for these money?

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Brain

Sapphire Member

Jan 29, 2021

It isn't just about this coins but for any investment in altcoins. One needs to be careful to avoid investing in trash coins. So yes take a closer look before investing

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achawaskey

Emerald Member

Jan 29, 2021

Maybe they want to reduce the value of most sorted Crypto that's bitcoin and open up many other less fancy Cryptos in order to make profit in a long run.

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Niftyicon

Sapphire Member

Jan 29, 2021

This step taken by Grayscale could draw attention to these coins and probably improve their rankings in the markets. All in all, it is important to keep a lookout for those coins s.

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GoldenLady

Emerald Member

Jan 29, 2021

One coin from the list I've noted is Cardano. Another is polkadot.

These two have been doing we recently, but I don't know of the others.
It will be good to keep an eye on them, anyway.

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aryan4

Sapphire Member

Jan 30, 2021

Brain said:
It isn't just about this coins but for any investment in altcoins. One needs to be careful to avoid investing in trash coins. So yes take a closer look before investing

You may be right in what you say. But if this investment giant actually invests in the altcoins named here, I think there may be very good price developments.