2 Altcoins You MUST Watch Closely This Week! [LITERALLY]
2 Altcoins You MUST Watch Closely This Week! [LITERALLY]
243 days agoโ€ขCrypto Banter
Podcast35 min 48 sec
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights

Consider a long position on Solana (SOL) ahead of a major Nasdaq listing catalyst on September 9th, with a potential entry point around $208 and targets of $240 and $297. The upcoming launch of a Dogecoin (DOGE) ETF, possibly this week, presents a buying opportunity with a conservative price target of $0.30. Tao (TAO) is viewed as a strong buying opportunity at its current price of around $337. For a longer-term play, Ethereum (ETH) is projected to reach a target of $8,000 within the next three months. Lastly, Toncoin (TON)'s recent underperformance is seen as a chance to invest for the long term, with potential price targets of $8 to $10.

Detailed Analysis

Solana (SOL)

  • The host is very bullish on Solana for the upcoming week due to a major catalyst.
  • A company named Sol Strategies, whose primary business is accumulating and holding Solana, will be listed on the Nasdaq Exchange Global Select Market on September 9th. This is a top, prestigious tier of the Nasdaq.
  • This listing is expected to "unlock institutional partnership" and bring significant attention to Solana.
  • There is also a Solana ETF decision expected within the next 32 days.
  • The host notes that SOL has already pumped on this news but believes there is "way more upside."

Takeaways

  • Sentiment: Very Bullish.
  • Trade Idea: Consider a long position on SOL.
  • Entry Point: The host suggests looking for a retrace down to the $208 region for a potential entry.
  • Stop Loss: A stop loss could be placed at $201 or just below $199.
  • Price Targets: The next price targets mentioned are $240 and then $297, with a potential to reach all-time highs.
  • Risk Factor: The host mentioned a specific trend line on the chart that he does not like, which could potentially lead to a drop to $140 if the bullish scenario doesn't play out.

Dogecoin (DOGE)

  • The host is bullish on DOGE due to an upcoming ETF launch.
  • An ETF from Rex Osprey is expected to launch, possibly this week.
  • This is not a traditional spot ETF. It's structured under the Investment Company Act of 1940, which allows for a faster launch process. The fund will invest at least 80% of its assets in DOGE or assets that provide exposure to it.
  • The host believes this is a smart move because it will be the first and only way for institutional funds to get ETF-like exposure to a memecoin, and DOGE is the largest and most recognizable one.
  • From a technical perspective, DOGE is consolidating in a "beautiful daily range" and looks ready for its next move up.

Takeaways

  • Sentiment: Bullish.
  • Trade Idea: This is seen as a great opportunity to start getting into a position. The host plans to set up trading bots to accumulate DOGE.
  • Entry Point: One could start layering into a position now or wait for a 50% retrace of the recent move.
  • Price Target: A conservative target is mentioned at $0.30, which is about 30% higher than the current price.

Black Mirror Token

  • The host is "super excited" for this token and has personally invested in it.
  • It represents a major Web2 intellectual property (IP), the show Black Mirror, coming into the Web3 space.
  • Major backers include Animoca Brands, Solana, and Avalanche.
  • The token was expected to launch at a $40 million fully diluted valuation (FDV).

Takeaways

  • Sentiment: Very Bullish.
  • Insight: The host believes getting in at or below a $40 million valuation is a "bargain" given the massive size and recognition of the Black Mirror franchise.
  • Expectation: The host predicts an initial price spike at launch, followed by a pullback. The key will be to see where the price settles after the initial volatility.

Tao (TAO)

  • The host is very bullish on TAO.
  • He states that at a price of $337, it is "such a buy."
  • He is seriously considering setting up a trading bot to accumulate a position in TAO.

Takeaways

  • Sentiment: Very Bullish.
  • Insight: The host believes TAO is a strong buying opportunity at its current levels and will likely perform very well.

Inspect (INSP)

  • This is a token the host holds in his spot portfolio.
  • Inspect is the first Layer 2 solution built on the Tao blockchain.
  • The host sees it as an opportunity for those who feel they were late to investing in TAO itself, as INSP has a very low market cap (around $30 million).

Takeaways

  • Sentiment: Bullish.
  • Trade Idea: The host is waiting for the price to make a new higher high on the hourly chart, specifically above $0.022, before considering adding to his position.

Toncoin (TON)

  • The host believes TON is a great long-term investment, despite it underperforming recently.
  • He sees it as "one of the biggest investments" possible due to its deep integration with the Telegram messaging app, which has nearly a billion users.
  • He has an open trade on TON and added to his position during the show.

Takeaways

  • Sentiment: Very Bullish (long-term).
  • Insight: The current underperformance is viewed as a buying opportunity.
  • Price Target: The host genuinely thinks TON could reach $8, $9, or $10.

Sui (SUI)

  • The host views the SUI chart as "beautiful" from a technical standpoint, showing a pattern of higher highs and higher lows.
  • He mentions having a profitable trade open on SUI and used it as an example of why it's important to take profits along the way.

Takeaways

  • Sentiment: Bullish.
  • Trade Idea: Two potential plays are mentioned:
    1. Buy at current levels with a stop loss below the recent low.
    2. Wait for the price to pull back to the $3.20 level before buying.

Ethereum (ETH)

  • The host is bullish on Ethereum.
  • He noted that ETH ETFs saw significant outflows of $787 million last week, while Bitcoin ETFs saw inflows of $246 million.

Takeaways

  • Sentiment: Bullish.
  • Price Target: The host believes a target of $8,000 for ETH within the next three months is "reasonable."
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Episode Description
Fefe will show you the 2 altcoins to watch closely this week: Dogecoin (DOGE) and Solana (SOL). With major announcements ahead, both coins could play a key role in the next crypto rally. As Bitcoin and Ethereum keep pumping, altcoins like DOGE and SOL may have explosive upside potential. On top of that, Fefe reveals which altcoin trades are the best for this week, giving you the full picture of where the crypto market could be heading right now. ___________________________________________ ๐Ÿ“ฃ ๐—›๐—ผ๐˜€๐˜ ๐—–๐—ต๐—ฎ๐—ป๐—ป๐—ฒ๐—น๐˜€: ๐Ÿ‘‰ ๐—™๐—ฒ๐—ณ๐—ฒ ๐—ผ๐—ป ๐—ซ: Fefe Demeny (@FefeDemeny) / Xย  ๐Ÿ‘‰ ๐—™๐—ฒ๐—ณ๐—ฒ ๐—ผ๐—ป ๐—ง๐—ฒ๐—น๐—ฒ๐—ด๐—ฟ๐—ฎ๐—บ: Fefeโ€™s Free Crypto Telegram Channel ๐Ÿ‘‰ ๐Ÿญ๐Ÿฌ๐Ÿฌ๐—ซ ๐—–๐—น๐˜‚๐—ฏ ๐—ผ๐—ป ๐—ฌ๐—ผ๐˜‚๐˜๐˜‚๐—ฏ๐—ฒ: 100X Club - YouTubeย  ๐Ÿ‘‰ ๐—•๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐——๐—ผ๐—น๐—น๐—ฎ๐—ฟ ๐—›๐˜‚๐˜€๐˜๐—น๐—ฒ ๐—ผ๐—ป ๐—ฌ๐—ผ๐˜‚๐˜๐˜‚๐—ฏ๐—ฒ: Billion Dollar Hustle - YouTubeย  ๐Ÿ‘‰ ๐—™๐—ฒ๐—ณ๐—ฒ ๐—ผ๐—ป ๐—–๐—ฟ๐˜†๐—ฝ๐˜๐—ผ ๐—Ÿ๐—ถ๐˜ƒ๐—ฒ: Crypto Live - YouTubeย  ___________________________________________ ๐—–๐—›๐—˜๐—–๐—ž ๐—ข๐—จ๐—ง ๐—™๐—˜๐—™๐—˜โ€™๐—ฆ ๐—ฃ๐—”๐—ฅ๐—ง๐—ก๐—˜๐—ฅ ๐—˜๐—ซ๐—–๐—›๐—”๐—ก๐—š๐—˜๐—ฆ โฌ‡๏ธ โ˜„๏ธ ๐—•๐—Ÿ๐—ข๐—™๐—œ๐—ก - ๐—š๐—ฒ๐˜ ๐˜‚๐—ฝ ๐˜๐—ผ $๐Ÿฐ,๐Ÿฌ๐Ÿฌ๐Ÿฌ ๐—ถ๐—ป ๐—•๐—ผ๐—ป๐˜‚๐˜€๐—ฒ๐˜€, ๐—ก๐—ผ ๐—ž๐—ฌ๐—– ๐—ผ๐—ฟ ๐—ฉ๐—ฃ๐—ก ๐—ฟ๐—ฒ๐—พ๐˜‚๐—ถ๐—ฟ๐—ฒ๐—ฑ! ๐Ÿ‘‰ Blofin Welcome Bonus ___________________________________________ ๐Ÿ—ž๏ธ ๐—–๐—ฅ๐—ฌ๐—ฃ๐—ง๐—ข ๐—ก๐—˜๐—ช๐—ฆ๐—Ÿ๐—˜๐—ง๐—ง๐—˜๐—ฅ๐—ฆ - ๐—ฆ๐—ถ๐—ด๐—ป ๐—จ๐—ฝ ๐—ณ๐—ผ๐—ฟ ๐—™๐—ฅ๐—˜๐—˜!! ๐Ÿ“ฌ ๐—ง๐—ต๐—ฒ ๐——๐—ฎ๐—ถ๐—น๐˜† ๐—–๐—ฎ๐—ป๐—ฑ๐—น๐—ฒ - https://bit.ly/DC-Fefe ๐Ÿ“ฌ ๐—š๐—ผ๐—ผ๐—ฑ ๐— ๐—ผ๐—ฟ๐—ป๐—ถ๐—ป๐—ด ๐—–๐—ฟ๐˜†๐—ฝ๐˜๐—ผ - https://bit.ly/GMC-Fefe ___________________________________________ ๐Ÿ‘๏ธโ€๐Ÿ—จ๏ธ ๐—–๐—ฟ๐˜†๐—ฝ๐˜๐—ผ ๐—•๐—ฎ๐—ป๐˜๐—ฒ๐—ฟ ๐—ฎ๐—ฏ๐—ถ๐—ฑ๐—ฒ๐˜€ ๐—ฏ๐˜† ๐˜๐—ต๐—ฒ ๐—ณ๐—ผ๐—น๐—น๐—ผ๐˜„๐—ถ๐—ป๐—ด ๐—ฐ๐—ผ๐—ฑ๐—ฒ ๐—ผ๐—ณ ๐—ฐ๐—ผ๐—ป๐—ฑ๐˜‚๐—ฐ๐˜:ย  Our Ethics โ€“ Crypto Banterย  We take our code of ethics very seriously and have engaged @zachxbt (ZachXBT) to monitor our progress. If you feel weโ€™re not living up to it and have hard evidence please mail ZachXBT directly at reportcb@protonmail.comย  โš ๏ธ ๐—•๐—˜๐—ช๐—”๐—ฅ๐—˜ ๐—ข๐—™ ๐—ฆ๐—–๐—”๐— ๐— ๐—˜๐—ฅ๐—ฆ ๐—œ๐—ก ๐—ข๐—จ๐—ฅ ๐—–๐—ข๐— ๐— ๐—˜๐—ก๐—ง๐—ฆ ๐—”๐—ก๐—— ๐—–๐—ข๐— ๐— ๐—จ๐—ก๐—œ๐—ง๐—ฌ ๐—–๐—›๐—”๐—ก๐—ก๐—˜๐—Ÿ๐—ฆ ___________________________________________ ๐Ÿ“ ๐——๐—ถ๐˜€๐—ฐ๐—น๐—ฎ๐—ถ๐—บ๐—ฒ๐—ฟ: Crypto Banter is a social podcast for entertainment purposes only! All opinions expressed by the hosts, guests, and callers should not be construed as financial advice. The views expressed by the hosts and guests do not reflect the views of the station. Listeners are encouraged to conduct their own research.
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