Alts are pumping strong; let’s finish this week in the green!

10.11.2023

Dear traders,

BTC pushed strongly up to 38k and now needs to break monthly resistance at $37,200 and hold above for a full bullish breakout.

Jake
TOP Trader

BTC pushed to 38k and then retraced to the channel, breaking above $37,200, which is the monthly resistance and needs to hold strongly above for a bigger push up and bullish continuation.

ETH is making a strong push towards $2100 after breaking the resistance at $2000. It now needs to maintain this strong momentum to break and close above $2000, overcoming significant resistance.

XRP is losing momentum and pushing back into the $0.62 channel. It needs to push strongly with buying volume to drive the price up.

LINK broke strongly, pushing up and needs to hold above $15 for a strong continuation. It remains strong and ready for a larger upward push.

SOL strongly pushed up and maintained a strong upward movement above $47.5, signaling bullish continuation. It is still in a strong bullish trend.

EOS pushed strongly from $0.7 and now needs to push up and break it strongly.

LTC has broken through a strong resistance at $70 and is now ready for a bigger price push, returning to a bullish channel.

DXY pushed from the 105 support and needs to break 106 strongly for a bigger push up.

Crypto/stock daily news:

WELCOME TO THE DEGEN DEN

I’m a simple guy. I like my pizza hot, my beers cold, and my crypto investing simple.

That’s why I mostly just “buy and hold” things I think could be big over the next 10-20 years.

But every once in a while, I get an itch… an itch for a degen bet.

These are high-risk, high-reward bets.

Sometimes they’re educated gambles… other times, not so much.

And whenever I get this itch, I step into the Degen Den:

The Degen Den is where we throw traditional investing advice out the window and then set the window on fire.

It’s the realm of the bold and the only place where “volatile” is a compliment.

But first, let’s go over some rules:

None of this is financial advice.

We aren’t going to tell you which tokens to buy, we’re just gonna show you general trends and highlight tokens that have performed well recently.
I repeat, none of this is financial advice. If your heart rate hits over 150 beats per minute while reading this, please call 911.

Got it? Good.

Ok, so there are two types of tokens that have been pumping lately:

1/ A.I. Tokens – many A.I. crypto projects and tokens have been seeing volume with the recent OpenAI conference.

None of these projects are directly tied with OpenAI, but they’ve still seen success-by-association.

It’s like your cousin winning the lottery – you might not have pulled the lucky numbers but there’s a good chance you’ll still see some green coming your way.

Here are some of the top-performing A.I. tokens over the last 30 days:

Injective ($INJ): +115%.
Fetch.ai ($FET): +74%.
Autonolas ($OLAS): +44%.
Bittensor ($TAO): +42%.

2/ Gaming tokens – a bunch of OG gaming crypto projects made big announcements recently, causing major price pumps over the last month:

Illuvium ($ILV): +116%. Illuvium is launching a new crypto game on the Epic Games Store (180M users) on Nov. 28.
Immutable X ($IMX): +56%. Immutable X is partnering up with Ubisoft to build a new web3 gaming experience.
StepN ($GMT): +47%.
Axie Infinity ($AXS): +36%.

And with speculation that GTA VI could launch next year with a crypto-powered in-game currency, interest in gaming tokens has fully resurged.

FAST NEWS:

Bitcoin fees have jumped 1000% since August. The real winner here? Bitcoin miners.

Robinhood Q3 earnings report reveals plans to launch crypto services in EU. Taking their crypto initiatives across the pond for the first time.

Blackrock just filed for an iShares Ethereum Trust. As hopes for Bitcoin and Ether spot ETFs heat up.

Binance is launching a self-custody crypto wallet. Going all in on their mission to bring crypto to the masses, all from one platform.

Digital assets were involved in almost half of all charges brought by the CFTC in a record-setting year. 47 of the 96 total charges have been crypto-related.

Kraken is reportedly in talks with Polygon, Matter Labs, and Nil Foundation to launch a Layer 2 network. Following in Coinbase’s footsteps of partnering with Optimism (OP).