Howdy traders, it’s Matt here.
Welcome to the first crypto bull market in a long time.
You heard me, I used ‘crypto’ and ‘bull market’ in the same sentence.
Look at these charts of Bitcoin (BTC) and Ether (ETH) …
BTC chart 1-hour candles Source: BitcoinWisdom.io
ETH chart 1-hour candles Source: BitcoinWisdom.io
And perhaps the most exciting news of the week … FTX might reopen according to the new CEO …
Let’s take a second to analyze this catalyst … What is being called one of the greatest financial schemes of all time, an event that wiped out around $3 billion in digital assets and sent shockwaves through global economies, could return to the center stage.
That’s wild. It’s mind-boggling.
It’d be like if Stratton Oakmont returned after Jordan Belfort went to prison.
And all this momentum has led to some crazy moves among smaller tokens.
Today we’re going to take a look at those opportunities…
#1: Crypterium (CRPT)
This company’s building a mobile app that allows users to send and receive crypto tokens easily.
The goal is to increase accessibility. And the price just spiked +250% …
CRPT chart 5-minute candles Source: BitcoinWisdom.io
#2: Serum (SRM)
This is a decentralized exchange.
The FTX fallout made people wary of exchanges prone to manipulation. And there’s a thought that decentralization provides that security.
The chart shows two previous spikes before the most recent move. And now it’s consolidating …
SRM chart 1-hour candles Source: BitcoinWisdom.io
#3: Orca (ORCA)
Orca is a decentralized automated market maker (AMM).
This feeds into the decentralization catalyst we spoke about earlier.
Right now the price is working to push above $1 …
ORCA chart 30-minute candles Source: BitcoinWisdom.io
#4: Saitama (SAITAMA)
Last but not least …
This token runs on the Ethereum system. A major catalyst considering Ethereum’s prominence and energy efficiency post-merger.
And the token supply is constricted until June 2024. That could act as a secondary catalyst to push the price higher.
Here’s a chart …
SAITAMA chart 30-minute candles Source: BitcoinWisdom.io
Focus on the best plays!
See you in the next letter.