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- š»š„š» - Top 10 in Crypto this week. Plus our token pick for the week!
š»š„š» - Top 10 in Crypto this week. Plus our token pick for the week!
Issue #71
Issue: 71
Good Morning Cryptonauts. Weāre changing things up a bit here. Instead of starting with a few articles, we list 10 important highlights over the past week that you should know about. Then, we will list 3 specific tokens that we believe you should buy now. Then weāll finish with the usual memes. Keep it simple. By the way, weāre also about to launch the presale for our upcoming meme coin. Stay tuned.
Updated 08/15/24
Here are the top 10 things that happened in the crypto space over the past week:
Bitcoinās Price Rollercoaster: Bitcoin decided to play coy, flirting around $59,000 while teasing us with resistance at $60,000. Because who doesnāt love a good game of āwill it or wonāt itā? š¢
Ethereumās Little Boost: Ethereum managed to gain a whopping 2.5% in value. Bravo, Ethereum! Itās like watching your friend finally get off the couch after a week of binge-watching. š
U.S. Economic Data Drama: The latest U.S. economic data dropped, and surprise, surpriseāeveryoneās still obsessing over inflation. Who knew numbers could be so riveting? š
BTC and ETH: The Dynamic Duo: Bitcoin and Ethereum continued their love affair, with BTCās mood swings dictating ETHās every move. Itās like a soap opera, but with more volatility and fewer commercial breaks. š¤
Market Volatility, Again: The crypto market is as stable as ever, with Bitcoinās price fluctuations sending other cryptocurrencies into a tizzy. Just another day in the wild world of crypto.
Altcoin Antics: Altcoins are still trying to find their footing, with some gaining ground while others take a nosedive. Itās like a high-stakes game of musical chairsāgood luck finding a seat!
Stablecoin Superstars: Stablecoins are hogging the spotlight, making up a good chunk of the crypto marketās trading volume. Stability is the new cool.
Economic Woes: Disappointing U.S. economic data, including a drop in manufacturing and rising unemployment claims, has everyone on edge. Nothing says āinvest with confidenceā like a looming recession.
Ethereum Futures Fiasco: ETH futures are still causing a stir, influencing market dynamics like a dramatic plot twist in a mediocre thriller. Canāt wait to see how that unfolds!
Institutional Interest is Back: The SECās approval of spot Ethereum ETFs is expected to lure in institutional investors. Because nothing screams ātrustworthy investmentā like a government stamp of approval!
Altcoin Pick of the Week:
TRON (TRX) - Yes, we know itās not a sexy pick. Itās our very first asset we bought way back in 2016, and if we had just kept buying, we would be a multi-millionaire off that alone by now. However, weāve had a gut feeling that itās still going to do big things. Hereās a rundown of the on-chain activity:
Transaction Frenzy š: TRON is on fire with a 29% increase in daily transactions, hitting a whopping 202.6 million in June. Everyoneās bored and looking for something to do!
Address Boom š„: Active addresses jumped 31% to 2 million. Itās like everyone just remembered they had a TRON wallet!
New Address Trend š¢: New addresses are on the rise for the third consecutive quarter. Apparently, starting fresh is all the rage.
Market Cap Winning Streak š: TRON's market cap has been climbing for six quarters. Are numbers going up? Shocking!
DApp Domination š: With over $8.2 billion in dApps TVL, TRON is flexing hard. Who needs market fluctuations when you can build a dApp fortress?
User Activity Explosion šāāļø: 181 million active addresses prove TRON is more than just a phaseāit's a full-blown lifestyle.
Global Crypto Transfers š: TRON is making waves in global crypto transfers, expanding its reach beyond just crypto enthusiasts. World domination, anyone?
Future Plans š: TRON aims to integrate Bitcoin Layer 2 and offer gasless stablecoin transfers. Because why not remove all barriers to blockchain?
Justin Sun's Legacy š: Founded by Justin Sun, TRON has gone fully decentralized and even partnered with the Commonwealth of Dominica. Just another day in the blockchain fairytale!
TRON is clearly on a roll, whether the world is ready for it or not!
š» Spooky Crypto Memes
KLLR is coming. Watch for the Presale to get in before it goes to exchanges. This could be your chance to Lambo.
Share Ghost Financial Media with your friends/family who want to learn more about crypto and investing. Send them this link: ghostfi.beehiiv.com
DP
*DISCLAIMER: None of this is financial advice. This newsletter is strictly for educational and entertainment purposes; it is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your research.
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