Cryptocurrency analyst Miles Deutscher announced the tokens he will follow this week and why.
Deutscher's watchlist includes:
- Bitcoin (BTC): While the market awaits Grayscale's decision on the ETF application, BTC is at a significant support level. Deutscher noted that September has historically been the worst performing month for Bitcoin, which could put further pressure on the price.
- Binance Coin (BNB): The native token of the Binance ecosystem has lost the $220 level and is now approaching $200. Deutscher said that BNB is a kind of risk indicator for the entire market and therefore an important chart to watch.
- Sui (SUI): Analyst says SUI is seeing lows and should be watched due to rising volumes on South Korea's most popular cryptocurrency exchange Upbit.
- Sei (SEI): Deutscher announced that this token is also one of the volume leaders on Upbit, even surpassing SUI today. He stated that he is watching this token closely.
- BASE altcoins: Deutscher did not name a specific token in this category, but said any quality protocol launched in BASE is worth examining. Deutscher said BASE is now the place to watch, given the growing metrics and excitement generated by Friend Tech, a social media project built on BASE.
- Rune (RUNE): Deutscher said that Rune launched its loan service, which is a good product, but people forgot that Rune also introduced a new perpetual exchange. Deutscher said it may be time to reveal the next trend for Rune.
- Friend Tech: While this is not a token, Deutscher said that Friend Tech has made a lot of noise in the crypto space and it is possible to trade an index token on some exchanges that tracks the performance of this project.
- XCAD (XCAD): Deutscher said it is watching other projects in this space as the social media trend continues in full swing. He noted that XCAD has a strong presence and a growing community.
*Not investment advice.