4 High-Potential Crypto Presales to Watch in August
As cryptocurrency markets rally into the end of July, traders are looking ahead to August and mulling which might be the best crypto to buy now, including high-potential crypto presales.
Bitcoin (BTC) challenged $70,000 on Monday before dipping back to around $68,000.
US Presidential candidate Donald Trump’s pro-Bitcoin/crypto remarks on Saturday have ignited a bullish appetite.
fmr president trump spoke for 49 minutes on saturday at bitcoin 2024 in nashville, a truly historic speech
here’s a condensed 12min version w/ his most important statements on bitcoin & crypto — click the times below to jump around
0:00 hello bitcoiners
0:23 bitcoin legends… pic.twitter.com/90hBX1icUy
— Alex Thorn (@intangiblecoins) July 29, 2024
Trump is the favorite candidate to win the upcoming US election, per the crypto betting market Polymarket.
The potential for a major pro-crypto switch in US policy comes against a bullish macro backdrop.
The Fed is expected to begin cutting interest rates in September as US inflation continues softening.
The US economy appears to be holding up well, as recent GDP figures show.
That could help create a “goldilocks” situation of falling interest rates but a continued economic expansion that pumps risk assets.
Cryptocurrencies could be some of the biggest beneficiaries of this.
Bitcoin might vault to new record highs in August. And other major cryptos could do even better.
But crypto investors looking to add beta to their portfolios should consider an alternative high-risk/high-reward strategy: investing in high-potential crypto presales.
Here are 4 high-potential crypto presales analysts at Cryptonews will be watching in August.
A new Pepe-themed token is generating excitement in the meme coin
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