Howdy traders, it’s Matt here.
What a year for crypto so far!
Let’s give everyone a round of applause for all the wonderful profit opportunities.
Similarly to the stock market, I’ve found that around three out of four tokens follow major coins.
Since January 1, 2023, Bitcoin (BTC) and Ether (ETH) both rallied +40%. That’s phenomenal to see.
This week we’ve got a few bullish stories fueling the bounce
- Ted Cruz wants to pay with crypto on capitol hill
- There’s a new plan to seal harmful oil wells using crypto-mining firms
- Japan stands as a possible model for regulation
But what’s really important are the top plays at work.
The best profit opportunities.
That’s what I’m covering today.
Keep reading …
Multi-Day Runners
We’re focusing on the strongest tokens over a multi-day period.
Everyday I see a lot of spikers but only so many are fit to continue higher.
I don’t want to get wrapped up in a failed spike, so I like to scan over a few days.
Here’s what I found …
#1: Conflux (CFX)
This is the only regulatory-compliant blockchain in China.
Regulation is a huge catalyst right now.
Watch as the price consolidates further above $0.07. A big break of that level could also signify a failed pattern for now …
CFX chart 5-minute candles Source: BitcoinWisdom.io
#2: Keep Network (KEEP)
This company incentivizes people to store private data on a blockchain.
Blockchain technology is perhaps the most valuable aspect of the crypto industry. That’s likely what pushed this token higher …
KEEP chart 15-minute candles Source: BitcoinWisdom.io
#3: Realio Network (RIO)
Realiio’s dream is a decentralized blockchain exchange.
The FTX collapse is still fresh in our minds. And a lot of people are split between regulation and a more free decentralization.
It’s the main argument driving this industry forward, and the volatility is affecting tokens like RIO.
The tokens breaking out over highs from October 2022 …
RIO chart 6-hour candles Source: BitcoinWisdom.io
#4: Magic (MAGIC)
This token is currently trading at its highest price ever.
And believe it or not, it’s a decentralized video game console.
Look at this spike …
MAGIC chart 1-hour candles Source: BitcoinWisdom.io
And I saved the best for last …
My #1 Pick
It hasn’t started moving yet. I expect the momentum to pick up in early February, so there’s still time.
I wrote a whole report that goes into more detail.
This industry made a huge comeback so far. I’m ready for more
See you in the next letter.