Crypto is Back
This has been an exciting year for markets. The SPY is up 35% on the year, and now crypto is seeing another run. $BTC topped out at $93,000 and continues to reach resistance at $88,000.
Crypto is shielded from many of the pulling and pushing variables seen in the stock market, which means we can use that to our advantage. Crypto is mostly a fight between supply and demand. Understanding this, we can see a story being made as BTC fights for new highs and returns to its home around $88,000. Play the swings, but when it bursts—and I assume it will—it is going to hit $100,000 easily and create new resistance. I suspect this pattern will happen for the next month or two. Historically, crypto is very repetitive.
MEME COINS
Nobody likes single-digit percentages; everyone wants a hero’s story of turning $1 into millions. Enter Meme Coins. Tools such as DexScreener show 20 coins being minted a minute as billions get pushed into circulation every day in crypto.
What Did We See Last Week:
$ACT and $PNUT saw +5X returns 15 minutes after being listed on Binance.
$PEPE, $SOL, and $XRP were all added to Robinhood. PEPE +35%, SOL +5% in 24H.
The key is not to find these obscure coins with the risk of being rug-pulled but to locate coins with credibility that are close to being added to big platforms, attracting new eyeballs—such as Binance, Robinhood, and Coinbase.
$BRETT
Currently sitting at a $1.7B market cap, it survived the bearish market, which speaks to its credibility and has the market cap suitable to be added to one of the major crypto exchanges. I believe there is still room for organic growth, and when it gets introduced to the mainstream exchanges, it will skyrocket.
