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| By Beth Canova |
For all the volatility that’s been reintroduced to the market, Bitcoin (BTC, “A”) has stubbornly remained beneath its previous all-time high just below $73,000.
Naturally, the rest of the market is following suit.
Many speculators believe the start of the next rally is right around the corner. But Juan Villaverde explains why he’s siding with the contrarians …
Ignore Sentiment: More Sideways Action Likely Ahead
According to Juan, one timeless truth about markets is that the majority opinion is often wrong. That’s why he puts more stock in his Crypto Timing Model. It ignores sentiment to track the crypto cycles, giving him unbiased information.
And what the cycles are saying is that we have more sideways consolidation ahead of us. The next rally is coming, we’ll just have to be patient.
But in the meantime, he has one suggestion for how to squeeze value out of this consolidation.
How I’m Using This Correction as a Springboard
Similarly, Dr. Bruce Ng sees an opportunity in this slow season for crypto. He’s using this lull to take stock of which sectors and projects are showing signs of strength. That’s because these are the most likely to lead the way in the next rally.
In his Weiss Crypto Daily this week, he reveals which narratives are holding strong … and where you should look for top performing coins.
Institutions Are Betting on Solana for 2 Key Reasons
To no surprise, one of those coins is Solana (SOL, “B”), which has been a leading project in this bull market from the very start.
And now, even institutional investors are taking notice. Marija Matić breaks down the two main reasons the smart money is piling in and three ways you can get exposure to this leading Layer-1 network.
OKX Breach Exposes Decentralized Identity as the Solution
Moving away from market cycles, Mark Gough breaks down the latest hack on a centralized crypto exchange. This time, OKX was the target, as hackers hijacked people’s digital identities to steal their crypto.
Pushing past initial panic, Mark explores how blockchain technology can offer a creative solution, one that will be necessary as web3 adoption expands: decentralized identities.
The 3 Threats of CBDCs and How to Mitigate Them
Jurica Dujmovic has warned you about Central Bank Digital Currencies before. But with the reality of a cashless society drawing closer, he dives deep to explain the three largest risks with a cashless TradFi.
And he explains how DeFi can help … and create more opportunities for investors.
That’s all for this week. Look to your inbox tomorrow for even more Weiss Crypto Daily updates.
Best,
Beth Canova
Crypto Managing Editor
