Token

Bitcoin

Silk Road

Narrative

<p>A trader Miles Deutscher, shared his Weekly Token + Narrative Watchlist on <a href="https://twitter.com/milesdeutscher/status/1701370438394224770?t=2CGAVxdXk3_twkUfYpMcmg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Twitter</a>, providing valuable insights into the cryptocurrency market. Here’s a breakdown of his analysis:</p> 
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<h3 class="wp-block-heading" id="bitcoin-btc">Bitcoin ($BTC)</h3> 
<p>Deutscher points out that Bitcoin is sitting at a crucial support level of $25,000, which was the starting point for its previous rally to $31,500, fueled by BlackRock. With Consumer Price Index (CPI) and Producer Price Index (PPI) data coming out this week, he expects increased volatility. Additionally, the overhang from Mt. Gox and Silk Road continues to loom, particularly the latter, which could impact the market at any time.</p> 
<h3 class="wp-block-heading" id="solana-sol">Solana ($SOL)</h3> 
<p>Despite FTX likely getting approval to liquidate over $1 billion worth of SOL, Deutscher suggests that this might not be as bearish as it seems. The majority of SOL tokens are locked until 2028, and Galaxy, which holds liquid SOL, is incentivized to sell at the best possible price. This could make it a “sell the rumor, buy the news” event.</p> 
<h3 class="wp-block-heading" id="dydx-dydx">dYdX ($DYDX)</h3> 
<p>DYDX has a significant token unlock scheduled for December 1st. However, Deutscher notes that the project is adept at timing bullish news before major unlocks. While sell pressure is expected to be high, a strong announcement could offset immediate selling.</p> 
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<h3 class="wp-block-heading" id="polkadot-dot">Polkadot ($DOT)</h3> 
<p>Deutscher highlights a somewhat “hidden” DOT unlock related to its first parachain crowdloans from December 2021. With the tokens set to be unlocked in late October, he expects DOT to bleed and suggests it could be a solid medium-term short hedge.</p> 
<h3 class="wp-block-heading" id="unibot-unibot">Unibot ($UNIBOT)</h3> 
<p>Starting Friday, all token holders eligible for revenue sharing will receive 2% of UNIBOT trading. Deutscher believes that the disastrous launch of $BANANA will likely shift attention back to Unibot, which he sees as a fundamentally useful product with “sticky” metrics.</p> 
<h3 class="wp-block-heading" id="frax-share-fxs">Frax Share ($FXS)</h3> 
<p>Deutscher is particularly bullish on FXS, which has two major updates coming soon. These include Frax V3, which aims to bring treasuries and Real-World Assets (RWA) on-chain, and frxETH V2, a lending market designed to increase efficiency and yields.</p> 
<p>Miles Deutscher’s analysis provides a comprehensive look at the week ahead in the crypto market, offering both short-term and medium-term perspectives on various tokens. Keep an eye on these narratives as they could significantly impact market dynamics.</p> 
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/leading-crypto-analyst-flags-btc-sol-and-4-others-as-tokens-to-monitor-this-week-heres-his-outlook/">Leading Crypto Analyst Flags BTC, SOL and 4 Others as Tokens to Monitor This Week – Here’s His Outlook</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Leading Crypto Analyst Flags BTC, SOL and 4 Others as Tokens to Monitor This Week – Here’s His Outlook

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