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Ellio Trades Crypto explores the upcoming Polkadot parachain auctions and what is coming this month
✅ Follow EllioTrades on Twitter: https://twitter.com/elliotrades #crypto #cryptocurrency #altcoins What’s good E.T Fam?! I hope everyone is feeling great today. Welcome to the start of a bullish new month! First of all congrats to Bitcoin having its highest monthly closeout ever. I’m looking forward to this being a sign of great things to come in November. Also, Polkadot is starting its run. The parachain auctions are coming this month. So, don’t be surprised to see some fireworks occur. It would behoove you all to become very familiar with this ecosystem, because the winners of the auction will be added to the Bull Run Winners list as well. Contender for Top Dog, Ethereum, has had its first deflationary week. In four days, 8,572 ETH have left the blockchain. One of the crypto industry’s brightest analyst, Will Woo, is predicting that we might be seeing the end of the 4-year Bitcoin halving cycle being the catalyst of the bull run. This due to Bitcoin slowly losing its market dominance. This could mean that we may possibly see a longer bull run. I think we all can appreciate that. If you’ve been in this industry since 2017, you know that November is the most bullish month of the bull run. I expect for the outcome to be the same this year. So start figuring out your plans now. Be sure to stay locked in because I will be delivering important and time sensitive updates throughout the month. See you soon E.T Fam! 00:00 – Intro 01:10 – Words of warning 02:16 – New ATH monthly close for Bitcoin 03:32 – Polkadot in the spotlight 05:39 – How to get ahead 08:01 = Thorchain news 08:16 – ETH’s first deflationary week 08:47 – 4-year cycles : A thing of the past? 10:23 = Outro DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR