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How to Make the Most of This Market

Our experts weigh in on how to make the most of the current crypto market.
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June 30, 2024
How to Make the Most of This Market

Dear Subscriber,

by Beth Canova
By Beth Canova

Crypto seems ready for its summer vacation. But this isn’t the end of the story. Rather …

Summer Is Just Crypto’s Second Act

Like a sequel no one asked for, the summer sell-off is expected, if unwelcome. The summer doldrums have been a staple for the past four years. And so has the third act — the third-quarter rally.

That’s why this sleepy summer is the perfect time to find the best crypto opportunities, and I reveal one that can hold strong in both sideways and bullish markets.

The Calm Before the Crypto Storm

Looking ahead, cycles expert Juan Villaverde breaks down what his Crypto Timing Model saying — there are a few more weeks of sluggish action before we’re likely to find a long-term cycle low. 

Proving his point is the broad investor sentiment. A few weeks ago, Juan revealed the importance of being a contrarian. And with investors feeling like this is the end of the line for this bull market, Juan has just one takeaway …

Now is not the time to through in the towel! 

Ride the Memecoin Madness into the Next Rally

And Dr. Bruce Ng agrees. He says that even though some altcoins are facing a steeper correction, that could spell opportunity if you know where to look. And he’s looking at memecoins.

While even leading coins in this sector are seeing corrections upward of 30%, this is just par for the course with memecoins. They swing harder than most other crypto assets.

But they’ve been leading the market so far this bull cycle, and Dr. Bruce reveals the historical precedents that support his analysis that says they’ll continue to do so and outperform when the summer sluggishness ends.

Tokenomics Tips to Navigate the Crypto Dip

If memecoins are too risky for your investment tastes, don’t despair. There are still ways you can use this correction to find the most promising Q3 opportunities. The key is understanding tokenomics.

That’s the study and analysis of the economic aspects of a cryptocurrency or blockchain project. It includes token distribution, which can reveal a great deal to investors in volatile markets like this one.

In her issue, Marija helps you understand what to look for and how you can use on-chain insight to narrow down the most promising coins … and gives two potential strategies for targeting them.

This Big Caveat Raises Red Flags for Finance AIs

But when it comes to tools and strategies for finding opportunities, tech expert Jurica Dujmovic warns against blind faith in AI programs.

That’s because he put ChatGPT’s specialized finance AI to the test … with varied results. He reveals the three biggest issues with relying solely on AI rather than your own research, and how you can compensate for them.

But that’s all for this week. 

Look to your inbox tomorrow for your next Weiss Crypto Daily update.

Best,

Beth Canova
Crypto Managing Editor

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