Next week, there are a few horses 🐎 with the potential to run fast (Market Outlook #25.8.24)
I won't say much about $SOL and $ETH; I believe $SOL will also reach new highs. I'll try to summarize my optimistic logic in one sentence.
$LINK
It has been quite resilient during downturns, and the market is eager to buy this asset. The market will always pay for future growth expectations, and Chainlink is the most important infrastructure for RWA/stablecoins in the future, along with around 1 million in buybacks each week.
$PENGU
Currently the largest crypto IP in the market, I chose Pengu over Fartcoin and believe it has the chance to become the next Pepe.
$XPL
A stablecoin chain that aligns with the future narrative of stablecoins. The background is Tether. We can have high growth expectations for its future (mainly by capturing market share from Tron). However, I still have high hopes for $TRX's performance in September; I can discuss the logic behind that.
$ZORA
It has broken the downtrend; the next leg is here.
$ENA
Ethena is continuously collaborating with other products to drive market share for USDe through new product developments. Growth in market share = attracting market attention.
$PENDLE
The new product Boros and the growth of product TVL = attracting market attention.
$MNT
Expectation reversal, officially supported by Bybit, with future growth expectations fully charged.
Predictions are just predictions; chasing the trend on the right side is the best. Playing with small coins carries high risks because there are too many good assets in the market. It's hard for small coins to continuously attract market attention; they can only quickly pump and dump to draw in market participants for liquidity exit. Therefore, in a good market state, I don't really want to play with small coins.
Responsible trading, see you next time in the market outlook 👋
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