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| By Beth Canova |
Election season is kicking into high gear in the U.S.
And the crypto markets seemed to be synced to it.
The rallies we saw over the past couple of months have all lined up with campaign-driven headlines. (Juan outlined those for you in Friday’s issue here.)
Particularly those about former President Donald Trump. Crypto enthusiasts consider the first real pro-crypto candidate.
This bull market has been sensitive to short-term, news-driven volatility. So, it’s little wonder that something as important as a U.S. presidential election can make the sleepy summer months so choppy.
But the trading action is bigger than any single candidate or the U.S. election cycle itself.
Juan says there’s another substantial factor in play: the crypto market cycles.
His Crypto Timing Model now expects an important low will be established on Nov. 5.
That’s Election Day in the U.S.!
We should start to see crypto start to climb afterward … no matter who wins the White House.
That said, Trump and Vice President Kamala Harris have opposing approaches to crypto. In his Weiss Crypto Daily update this week, Mark Gough explained each campaign’s crypto platform, and How Nov. 5 Can Shape Crypto’s Short-Term Future.
But crypto investors shouldn’t sit on their hands until November.
As Dr. Bruce Ng has suggested before, one way to prepare for the coming bull run is to find the coins that are outperforming now. And This Tool Takes a Little Labor out of Your Crypto Search.
It lists the top 100 coins … and which of those hit their all-time highs this year.
That show of strength sets these cryptos — 34 in total! — apart from the pack.
If you’re looking to narrow your scope further, Dr. Bruce showed you this week how you can Make Money in Choppy Markets with Crypto Options with a platform called GammaSwap (GS, Not Yet Rated).
U.S. residents can’t use GammaSwap. But they can purchase its token, GS, on decentralized exchanges.
Meanwhile, our tech expert Jurica Dujmovic has zeroed in on a meaty project. WienerAI (WAI, Not Yet Rated) combines the strengths of two dominant crypto narratives — memecoins and AI — into one.
It’s an AI-powered trading bot that uses the power of memecoin popularity and community to support itself and gain momentum.
If it succeeds, WienerAI could create a New Breed of Crypto Asset That Could Dominate 2 Crypto Narratives.
But that’s all for this week. Check in with us tomorrow for your next Weiss Crypto Daily update.
Best,
Beth Canova
Crypto Managing Editor
