Weekly Token & Narrative Overview

$BTC: Key deadlines for several spot ETFs are coming up this week, with BlackRock’s on the 2nd being a notable one. The SEC might also chime in on Grayscale’s application. It’s crucial to keep an eye on price action, especially during the US market hours.

$PEPE: The previous week was tumultuous, marked by an official announcement regarding an internal conflict. The market’s reaction wasn’t favorable, implying potential project setbacks. Yet, PEPE’s chart indicates resilience with a stronghold at crucial support levels. Worth monitoring closely.

$SUI: Positive trends are evident in various metrics, accompanied by a surge in volume, in part due to Upbit’s influence. An extensive supply release is slated for Sep 3rd (~4.8%). It might be perceived as a “bullish release”.

$BLUR: A divergence from market trends has been observed in recent days, reinforced by a marked volume uptick. Many NFT initiatives have also reported volume boosts lately. Anticipations of an imminent announcement are rife, judging by market behavior. Trading strategies might involve shorting post-announcement, if it materializes.

$CFX + $ACH: A speculative take here — Hashkey, Hong Kong’s pioneering retail exchange, has commenced retail trading with only $BTC and $ETH so far. Is it plausible that renowned Chinese-linked ventures will debut in Hong Kong? This might lead to a volume surge.

$HMX: This perp DEX on Arbitrum is on an upward trajectory, recently recording $1b in volume over the weekend. It’s a beacon of potential amidst a relatively static market. Growth seems feasible in the upcoming months. The metrics deserve keen attention.

$SEI: Mentioned this in my weekend discussion. It might not be a prime buying opportunity now, but it’s nearing appealing long-term hold valuations. Its unique “trading chain” feature piques my interest, a topic I plan to delve deeper into soon. It’s worth exploring for spot trading.

$RDNT + $STG: I’ve been increasing my holdings in RDNT. The narrative around it is gradually solidifying with the mainnet and Layerzero airdrop in the pipeline. A potential airdrop around ~Q1 2024 is on my radar.

$DYDX: A significant release is slated for tomorrow (~3.7%). My sentiments are mixed on this. Despite the impending unlock, whispers of DYDX v4 developments persist (potentially to counterbalance selling tendencies). Trading opportunities could swing both ways for the astute trader. On the fundamental front, their upcoming chain inauguration intrigues me. It’s a bold move with potentially high rewards.

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