Hop on the Train

by | Jan 22, 2023 | Crypto

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 … 

Here are the details.

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.

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