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πŸ“Œ Your Midweek Bulletin - May 29, 2024

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Is It Time for These 10 Altcoins to Shine?

Alex Moschina

Alex Moschina
Publisher

It's a short trading week.

Well, it is for stocks anyway. Crypto doesn't take days off. Which is why - in addition to smoked ribs and yardwork - my Memorial Day weekend was filled with push notifications about Ethereum (ETH)'s big price jumps.

To be fair, the action wasn't unexpected.

[Here are Three Steps You Need to Take to Protect and Grow Your Money When America Is Threatened With Mass Unemployment. Watch This Before AI Goes Supernova.]

Ethereum investors went into the weekend riding high on news that the SEC had approved nine Ethereum spot ETFs for trading on the Nasdaq, CBOE and NYSE.

By Monday afternoon, Ethereum's price had soared to more than $3,960.

Ethereum

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We're once again approaching the all-time highs the crypto posted back in 2021.

And all that bullish action won't just be good for folks who already own the world's second largest cryptocurrency...

It's sure to be a boon for many altcoins as well.

"Historically, when major cryptocurrencies like Bitcoin or Ethereum rally, they often pull the rest of the market up with them," said Robert in yesterday's Total Wealth. "This phenomenon is known as the 'alt season,' where investors seek out higher returns in smaller, more volatile coins once the larger assets have shown substantial gains."

If you don't know what an altcoin is, don't worry. The definition is simple. An altcoin is any cryptocurrency or digital token that isn't Bitcoin.

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As Ethereum moves up in the world, it may eventually squeeze its way out of the "altcoin" box it's in. But even while these two ultra-popular cryptos hog the conversation among the mainstream financial media...

Don't let that distract you from the fact that serious money flows into lesser known cryptos. The top 10 altcoins - sorted by market cap - are all worth tens and even hundreds of billions of dollars.

Top 10 Altcoins by Market Cap

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Robert's predicting valuations among certain altcoins will soar as "alt season" kicks into gear.

If you missed it, keep scrolling for the link to his latest piece about what's happening... plus his three-part strategy to take advantage of the rally.

And click here to see why Robert believes we are in the early stages of what could be the last (and perhaps largest) great bull market in crypto history.

Have a great week,

Alex

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What Else We're Talking About

 

Buy This, Not That: Will These Hotel Plays Heat Up for Summer?

Marriott Hotel

We're officially in the summer season... which means it's time to dive into hotel stocks as vacation travel starts to heat up. See which ones are BUYs here.

Ethereum ETF Unleashes Billions... Here's How to Play It

Ethereum coin

The approval of a spot Ethereum ETF is a huge opportunity for the crypto market. Here are three ways to play it. Keep reading.

Bad Policy Reaps What It Sows... and Costs Taxpayers

Farm Tractors

Libertarian icon and Manward contributor Joel Salatin has a cautionary tale of how taxpayer-funded largesse is breeding resistance to change and hurting small businesses. Read it here.


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Alex Moschina

Alex Moschina is the Publisher of Manward Press. A gifted writer, editor and financial researcher, Alex's career in publishing began more than a decade ago when he worked at one of the world's leading providers of academic research and reference materials. Alex first cut his teeth in the realm of investing when he joined the team at White Cap Research in 2010. There he was charged with covering emerging market trends and investment opportunities. A stint as senior managing editor and editorial director at the prestigious Oxford Club followed. A frequent speaker at conferences and events, Alex has led educational workshops across the U.S. and Canada.

 

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