EddieJayonCrypto
24 Feb 22
There is a lot going on to say the least. Here is what is on my mind right now.• Biden speaks and the markets pick up!• Canada walks back the Emergencies Act after receiving tremendous pressure.• A Dogecoin founder is not amused by the amount of memecoins on the market• Ripple is benefitting from pr...
There is a lot going on to say the least. Here is what is on my mind right now.• Biden speaks and the markets pick up!• Canada walks back the Emergencies Act after receiving tremendous pressure.• A Dogecoin founder is not amused by the amount of memecoins on the market• Ripple is benefitting from prolonged SEC delay tactics1. After Biden's press conference things rebounded, including cryptos. If you were able to take some cash and get in, you might have been one of those people that were able to take advantage of the drop and pop that happened in such a fast timeframe. If you were not, I am pretty sure we will see it again. As you monitor cryptos remember that Bitcoin is a great investment, but there could be other coins that could offer an even better return. For example, during my video yesterday I called out Polygon (MATIC) for being on sale. As with many of the altcoins, you could have made a nice little return. 2. Canada has withdrawn the provision set forth in the Emergencies Act. Gee, I wonder why? Not really. They caught a lot of pushback and had to pull that back. I am also pretty sure they will think long and hard about leveraging those provisions in the future. I think there are cases, but a protest, even if you think it has no merit, is not one of them. There were other ways they could have handled it and achieved the same goals. 3. Dogecoin creator, Billy Markus, is not happy with the number of memecoins flooding the space and isn't amused. 4. He SEC was denied a Sur Sur-Reply. For Ripple (XRP) that means a lot. It means the SEC has been dragging their feet and Judge Torres is tired of their delay tactics. At $.70, they are on sale.