Bitcoin Is Back! But There May Be Better Crypto Investments

By Beth Canova

The crypto markets have quieted as the first quarter of 2024 comes to a close.

But don’t be deceived! There is a lot bubbling just under the surface of select sectors if you know where to look. 

And there’s still more excitement on the horizon, as Q2 will bring Bitcoin’s highly anticipated halving event. Not to mention the potential for an Ethereum ETF approval.

Keeping up with the market takes time and dedication. But luckily for you, our Weiss Ratings crypto experts do the heavy lifting for you. 

They scour the market and on-chain data every day to find the most interesting and exciting opportunities you should know about.

Here are the highlights from this week …

Rally Resumes! Bitcoin Is Now Above $70,000 Again!

Last week’s stomach-churning correction had the hair on many investors’ arms standing straight up. But, as Marija Matić explains, much of that weakness can be attributed to a short-term trend that’s already starting to fizzle out. 
 
 That’s how Bitcoin was able to reclaim the significant $70,000 level once again. But Marija reveals two recent developments that can push it even higher.

This Bull Market’s Biggest Gains Are Dead Ahead

Juan Villaverde agrees that Bitcoin can go higher. In fact, he believes this crypto bull market’s best days are still ahead.
 
But before you go all in on the No. 1 crypto by market cap, consider this: The most gains you’ll see from BTC this cycle is 2x. Maybe 3x. 

Those aren’t bad returns. But they’re not “crypto bull market” returns. The truth is, Bitcoin is too big for the dramatic price surges it saw in its early days. 

Instead, Juan suggests targeting smaller cryptos, what he calls “new crypto wonders.” 

And he has a strategy that can turn those 10x opportunities into 20x, 344x even 816x winners. 

This Is the Method Behind My Memecoin Success

Dr. Bruce Ng also sees the potential for unbelievable returns in growth opportunities. But his focus is on a different type of crypto: memecoins, crypto assets with no fundamental value. 

From the outside looking in, investing in memecoins may seem like a losing bet. After all, without fundamentals supporting their trading prices, memecoins can shoot to the moon in a heartbeat … and fall back to Earth just as quick. 

But in reality, you have a better chance picking a memecoin winner than you do picking the winning Powerball number!

And in his Weiss Crypto Daily issue this week, Dr. Bruce shares one way you can turn those odds even further in your favor.

The Next Target for Decentralization Disruption Is …

While our coin experts are focusing on opportunities you can act on now, resident tech expert Jurica Dujmovic is looking further into the future.

We’ve already seen DeFi disrupt several industries, from banking to AI. And each time has seen several early cryptos in those spaces post massive gains. 

Now, Jurica believes he’s found the first mover in the next DeFi disruption … social media.

Another Big Boost for Bitcoin’s Price Could Be Ahead

While everyone is busy decoding Federal Reserve Chair Jerome Powell’s cryptic messages following last week’s Federal Open Market Committee meeting, Juan is looking elsewhere for the next liquidity flood.

In fact, he anticipates it’ll come from an unexpected actor: commercial banks. And he predicts this shift could potentially lead to new highs for Bitcoin and select other cryptos.

Clearly, our team of experts has plenty of reasons to be bullish long term. 

But which new opportunity are you most excited about? Let us know by tagging us at @weisscrypto on X (formerly Twitter).

Then, keep an eye on your inbox tomorrow for our next Weiss Crypto Daily.

Best,

Beth Canova
Crypto Managing Editor