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Crypto Market Summary: Sep 6 – Sep 12

Last Week Recap

Last week’s My Neighbor Alice pre-alpha launch hits a snag when their mail server encountered some issues. It could be caused by the thousands of users who tried to onboard MNA. Which software does not encounter any snag anyway.

Bitcoin hits a high of US$51K on Binance. Leveraged buys remain low signalling more long term holders who should withstand market volatility. Binance.com faces Singapore’s MAS regulatory ban on their payment services.

For this coming week:

  • Bitcoin continues to show strength and may retest the $51K level again. We feel the lesser leverage scenario would create a stronger foundation for the long term rise for the overall cryptocurrency
  • We expect second tier quality projects like Filecoin, Theta, TFUEL, LINK to regain their rally
  • Ethereum’s London upgrade has proven to wipe out millions of dollars in ETH. The next milestone called “The Merge” should be a super catalyst for Ethereum price appreciation.
  • For this coming week, we will watch out for FIL, ALICE, TFUEL, ADA, ETH

Crypto is high risk. Trade with what you can afford to lose.

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