Is Bitcoin going back to $50k this week, Polygon Matic to POL Upgrade is coming soon and these altcoins could 100x on a China Pump!
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00:00 Intro
0:37 Is Bitcoin going back to $50k this week?
3:12 Polygon Matic to POL Upgrade coming soon!
5:36 These altcoins could 100x on a China Pump
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Here’s my take on this week’s crypto market update:
Well, it’s been a slow week for Bitcoin, and it seems like the market is stuck in a range-bound move. The sentiment is pretty sour, and while stocks have recovered from their flash crash, crypto is still lagging behind. But, as always, there are some potential catalysts on the horizon that could shake things up.
The US Federal Reserve’s Jackson Hole Symposium is just around the corner, and Fed Chair Jerome Powell’s speech is being closely watched for any hints on interest rate cuts in September. This could lead to some volatility in the markets, especially if Powell’s comments are seen as dovish.
Meanwhile, concerns are growing that Bitcoin could lead crypto into another leg down, especially with the current lack of momentum. But, as always, there are some optimistic voices out there, like Ryan Sellers, who thinks Bitcoin could be just a month away from a breakout.
On the altcoin front, things are getting interesting, especially with the potential unban of crypto in China. If this happens, it could lead to a massive influx of new investors, causing altcoins to surge by 50-100x in Q4. This could be a huge opportunity for investors, but it’s essential to do your research and choose the right coins.
Some of the top recommendations from Serel Xbt include Mantra Chain, Goldfinch, Pal AI, Tokeny, Nervos Network, IoTeX, and Ion. These coins are all part of the real-world asset sector, and they’re looking to make a big impact in the crypto space.
