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| By Beth Canova |
Over the past week, we’ve seen the broad crypto market make solid steps toward recovery from the recent correction.
From its low of 49,781 on Aug. 5, Bitcoin (BTC, “A”) has climbed back to 61,356 earlier this week before sliding back a bit to its current trading price near $58,000.
And according to Marija Matić, the top 100 altcoins have retained notable weekly gains. She highlights The Coins Leading the Recovery with Impressive Gains, as well as notable macroeconomic factors that are supporting positive sentiment in the market.
But Juan Villaverde recommends moving forward with caution. In fact, he says to Batten the Hatches, This Storm May Not Be Over.
According to Juan, while sentiment has shifted to be more optimistic, it would be naïve to think there are no more casualties from last week’s crash. That’s why he reveals one opportunity that’s insulated from the crypto market’s volatility.
Within the crypto market, there’s still plenty to pay attention to. As Dr. Bruce says, projects that show strength in the recovery period are ones to watch in the next rally.
And he believes this correction has created an opportunity to establish A New Era for This Old-School Coin: Tron, (TRX, “C”).
Launched back in 2017, this battle-tested coin has survived two bull/bear cycles and is starting to generate a fair amount of buzz on crypto social media. And Dr. Bruce gives you three reasons you should add it to your watchlist, as well.
From old to new, in his latest Weiss Crypto Daily, Mark Gough found another promising opportunity in Sui (SUI, Not Yet Rated) a Rising Star in the Crypto World. SUI has been leading the pack of altcoins recovering from the Aug. 5 correction. Its price increased by 159% over the past week!
But Mark draws attention away from price action to fundamentals. Because Sui has four key factors that make it a strong contender to challenge Solana’s (SOL, “B”) supremacy this bull cycle. With its lower trading price and big growth potential, SUI is definitely a crypto to keep your eye on.
When it comes to new opportunities, though, tech expert Jurica Dujmovic found one in its very early days. According to him, Memes Meet AI in this New Breed of Crypto Asset. WeinerAI is memecoin with utility. It offers holders access to an AI-powered crypto trading bot. And the entire project uses the popularity of memecoins to build its community.
Jurica dives deep to explore the potential — and drawbacks — of this unique premise in his latest Weiss Crypto Daily update.
But that’s all for this week. Keep an eye on your inbox tomorrow for your next update.
Best,
Beth Canova
Crypto Managing Editor
