Miles Deutscher names 7 cryptocurrencies to watch this week

Ed: not financial advice!

A well-known cryptocurrency analyst has named 7 tokens worth watching this week. According to Miles Deutscher, all of the following assets have a chance to influence the state of affairs of the entire cryptocurrency market.

Bitcoin (BTC): While the market awaits Grayscale’s decision on the ETF application, BTC is at a significant level of support. Deutscher noted that September has historically been the worst month for bitcoin, which could put further pressure on the price.

Binance Coin (BNB): The native token of the Binance ecosystem has lost the $ 220 level and is now approaching $ 200. The analyst said that BNB is a kind of risk indicator for the entire market and is therefore an important token to watch.

Sui (SUI): According to Deutscher, SUI is at its lows. It is worth keeping an eye on because of the growth in SUI trading volumes on South Korea’s most popular cryptocurrency exchange, Upbit.

Sei (SEI): Miles emphasized that SEI is also one of the leaders in terms of trading volumes on Upbit, with the digital asset currently even outperforming SUI. The analyst stated that he is keeping a close eye on this token.

BASE: Deutscher did not name a specific token in this category, but said that any high-quality protocol launched on BASE deserves attention. The expert emphasized that BASE tokens are worth watching, given the growing performance and the excitement caused by Friend. Tech (a social media project built on BASE).

Rune (RUNE): Deutscher noted that Rune developers have launched a lending service, but users have forgotten that the company has also introduced a new exchange. According to the analyst, it is time to reveal the next trend for Rune.

Friend.Tech: Although it is not a token, Deutscher said that Friend. Tech has become popular in the crypto space and is already having an impact on the market situation. An index token that tracks the performance of this project can be traded on some exchanges. Friend. Tech is a decentralized social networking platform integrated into X (formerly Twitter) that allows tokenizing members' profiles.