This, coupled with continued strength in the U.S. economy (as evidenced by better-than-expected U.S. jobs data last week), means U.S. Treasury yields are trading near their multi-year highs.
Bank of America analysts explained in a note to investors and clients this weekend that when bond markets are oversold, bond prices move inversely to yields, so when yields rise, it means that prices have fallen, which usually heralds a “major market event.” . .” . ." There is .
“Bonds are oversold: Treasuries are trading 5% below their 200-day moving average; Note that all the oversold "events" coincided with or were predicted: the October 87 crash, the May 94 tequila crisis, the June 1999 dotcom bubble, the March 21 cryptocurrency boom, the increase in the Nasdaq on October 22. noted banking analysts.
A short-term market event is likely to increase volatility in the cryptocurrency market.
Top Cryptocurrency Alternatives Worth Considering
In an unfavorable macroeconomic environment, the outlook for cryptocurrencies for the coming month is uncertain.
For those looking for even greater chances of short-term profits, an alternative high-risk, high-return investment strategy should be considered: engaging in cryptocurrency trading.
Here, investors buy tokens from new crypto projects to help fund their development.
These tokens are almost always sold cheaply, and presales have long generated exponentially greater profits for early investors.
Behind many of these projects are great teams and a great vision to create a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward ratio of pre-sale investments will be very good.
The Cryptonews team spends a lot of time studying pre-sale projects to help investors.
Here are three projects that the team is currently passionate about.
Bitcoin Minetrix ($BTCMTX)
An exciting new decentralized Bitcoin mining protocol called Bitcoin Minetrix is generating a lot of excitement and has already raised over $850,000 from early investors in the $BTCMTX token presale.
$BTCMTX is the token that supports the protocol. Investors who purchase $BTCMTX can share their tokens to start earning transferable Bitcoin Minetrix mining credits.
These credits can then be burned by their owners, who in return receive a portion of Bitcoin Minetrix's mining revenue.
$BTCMTX token holders will also receive $BTCMTX rewards, with a portion of the tokens already reserved to reward early participants.
The Bitcoin Minetrix protocol is a government smart contract built on the decentralized Ethereum blockchain, where its token is issued.
Therefore, the protocol offers better transparency and security than some centralized cloud mining services.
Check out Bitcoin Minetrix here
Kombat Meme ($MK)
Another interesting presale that has garnered a lot of interest recently is cryptocurrency startup Meme Kombat.
Meme Kombat brings the world of cryptocurrency and gaming together on its exciting platform where users can bet on the outcome of exciting battles between characters based on some of the most popular coins in the world of cryptocurrency .
Early investors in $MK can also benefit from generous participation rewards, which currently amount to over 100% per year.
The project has already collected around 420 thousand dollars, despite the fact that it was launched only a few days ago.
Visit Meme Kombat here
TG.Casino ($TGC)
An exciting Telegram-based cryptocurrency game called TG.Casino is taking over Web3.
2023 is a big year for crypto gaming, with protocols like Rollbit seeing explosive user growth and the platform's native token also making a big difference.
But the barriers preventing non-crypto users from gambling on these platforms remain high, as they have to deal with complex concepts like setting up, logging in, and using crypto wallets.
TG.Casino wants to do for cryptocurrency gaming what Unibot did for advanced cryptocurrency trading: all with Telegram automation and cryptocurrency gaming available to all 700 million users of Telegram (and growing rapidly).
TG.Casino is hosting an exciting presale to fund the growth of the platform and has already raised over $675,000 through the initial TGC$ token sale.
Early investors are already getting a return of around 700% (thanks to a reward specially set up for TGC token shareholders; all tokens purchased in pre-sale are distributed automatically).
Although this efficiency decreases over time as more money comes into the presale, $TGC holders will also benefit from TG.Casino's planned token purchase program, which will provide passive income to token holders $TGC and will reflect the token price via token burning.
Visit TG.Casino here
Warning: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You can lose all your capital.