Trader's Viewpoint: August Market Analysis (Part 2)

Twitter user "SleepingInTheRain" (@qiaoyunzi1) shared the latest token trends and potentia l trading opportunities (authorized).

6. The founder of Frax previously stated that Frax v3 will be launched within 30 days, implying a release in August. However, I think v3 might not be able to address Frax's current revenue issues. We'll have to see how v3 performs after its launch. If the data shows positive results, it could be a bullish development for $FXS.

7. In the future, Frax has plans for frxETH v2 and product implementations on Fraxchain, but the most crucial aspect is whether the market will accept these offerings. Going with the trend and capitalizing on narratives are the strengths of the Frax team. I'm also paying close attention to the upcoming RWA strategy that Frax is about to announce.

8. Launchpool project $SEI $CYBER.

9. Litecoin ($LTC) halving event will occur on August 4th.

10. @GMX_IO might possibly launch v2 in August.

11. @EvmosOrg will go live with 2.0 on August 2nd, bringing changes to Tokenomics. We need to wait for further detailed official explanations.

12. The mainnet launch date for $SSV may be revealed today.

13. @Spartadex_io will launch $SPARTA on August 3rd. Friends who saw my alpha call might know that I bought NFTs to participate in the airdrop, which resulted in profits of 50%-100%. Early selling was also a good trade. However, I chose to take the risk for the airdrop, as it could potentially yield higher returns.

14. @lootbot_xyz, the specialized TG BOT for airdrops, is about to release a Paid version and introduce $LOOT income sharing features.

15. @10KTFshop might possibly release a new NFT collection in August. I'll closely monitor this event. The previous delay in NFT release might be related to Azuki's new collection's performance. The NFT launch could consume some $APE tokens, so considering Yuga's latest actions, I'll put $APE on my watchlist.