CandleFocus

A new cycle could boost sentiment and price action

Author: Content Editor
The article discusses the current sentiment in the cryptocurrency market. PitchBook's Robert Le believes that the market is entering a new cycle and expects more token launches in the coming months. However, there is currently uncertainty about market movement, leading to a "prisoner's dilemma" among participants. The unlocking of $350 million worth of SUI tokens is the largest unlock in recent months. The article also mentions positive sentiments towards the crypto industry from Ledn's John Glover, who believes the end of summer will bring more stability. The impact of the upcoming US election on crypto is discussed, with the belief that both parties and regulators should be worked with to ensure industry growth. Venture capital activity in the crypto industry is also highlighted, with an increase in fund sizes and successful fundraising in the DeFi, gaming, and metaverse sectors. The article concludes by discussing the volatility of social coins and the need for better timing and a smoother airdrop in such projects.

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