Weekly Token and Narrative Watchlist
<October 30 - November 5>
• $XRP
- The Ripple Swell conference is scheduled for November 8, amid rumors of potential Ripple IPO news. - Historically, Swell has been a bullish catalyst for XRP.
• $SOL
- FTX/Alameda begins selling its tokens. - The Solana breakpoint begins on October 30, and its reaction to the "sell event" will be key to watch.
• $MATIC
- Polygon 2.0 is in the final stages of rebranding. - Back in May, founder Sandeep Nailwal hinted that “massive airdrops of existing tokens are still possible; there are no rules against it.”
• $GMT
- Stepn’s Gas Hero will launch a gaming testnet in early November. - Gala's Legacy, BinaryX's AI Hero, and Bluzelle's Gamm4, hint at Gas Hero's potential as a catalyst. • $TOMO
- TomoChain announced its rebranding plan on October 6. - Details are likely to be revealed soon, providing continued momentum for an actual reveal date.
• $BNT
- The token buyback proposal will undergo a snapshot vote on November 5th. - Bancor currently has a narrative of the Israel-Hamas war.
• $ARKM
- OpenAI conference on November 6th. - Arkham is funded by OpenAI CEO Sam Altman.
• $GAL
- $10 million worth of $GAL will be unlocked on November 5th. • Meme Sector – Memeland was listed on Binance on November 3rd. - A spike in $MEME could trigger a spike in $PEPE, $FLOKI, $SHIB, $DOGE and $PEOPLE. * * *
It's clear that the market is bullish right now, but I keep in mind the possibility of a short-term correction in alternatives.
Waiting for a price retracement in the altcoin supply zone can be a very good strategy. * * *
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