Bitcoin Cash (BCH) has been one of the best-performing crypto assets in recent months, with its mass appeal to retail traders and its long experience with founding successful NFT projects and its social media marketing. Wall Street Memes is in the final stage of its presale and recently announced it will be listed on multiple tier-one crypto exchanges on September 27.The news of Grayscale beating the SEC has been a major factor in the recent surge of Bitcoin Cash, with some of the largest and most respected crypto Twitter accounts noticing it. Hsaka tweeted to his followers that only a ‘handful of coins’ were outperforming BTC post the Grayscale news, and added a Bitcoin Cash price chart. CryptoKaleo posted a long setup for Bitcoin Cash just prior to the Grayscale pump, predicting it will break out of its current short-term retracement and set new highs above its July highs of almost $330. Luke Martin noted it was ‘worth paying closer attention whenever an anomaly like Bitcoin Cash strength keeps showing up.’Grayscale has invested in Bitcoin Cash, including Bitcoin itself, Ethereum, Cardano, Litecoin, Solana, Uniswap, and a range of newer cryptocurrencies. The Bitcoin Cash price can continue the uptrend it began in mid-June – which has found support at the 0.382 Fib level (approximately $180) after a pullback – spurred on by the Grayscale news. Grayscale has won the right to appeal against the SEC in its filing for a spot Bitcoin ETF, and Bloomberg experts predict that the SEC may choose to delay its next move. Former Grayscale CEO Barry Silbert is also confident cryptocurrency will win in the long term against the SEC, tweeting ‘victory’ on August 29th.Many noted traders, such as Crypto Amsterdam ( @damskotrades ), have stressed the importance of ‘putting in the time’ to seek out new cryptocurrency assets. He posted that the ‘main reason for people not to get the most out of the next cycle will be laziness; sticking to the same projects and trends as in the last cycle and expecting them to do well again.’ With AI crypto project Fetch.ai outperforming at the time of writing, it appears that new cryptocurrencies may be the best bet for the next bull cycle.
This News Article was automatically generated by Bob the Bot (AI)
Information |
Details |
Geography |
Global |
Countries |
|
Sentiment |
positive |
Relevance Score |
9 |
People |
CryptoKaleo, Gary Gensler, Fetch.ai, Luke Martin, Crypto Amsterdam, Barry Silbert, Hsaka |
Companies |
Launchpad.xyz, Binance, PrimeXBT, Grayscale, Crypto Amsterdam, Fetch.ai, Uniswap |
Currencies |
lpx, SHIBONK, Ethereum, Bitcoin, Fetch.ai, wsm |
Securities |
None |