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The host of popular YouTube channel Coin Bureau says altcoins, which surged 50% last week, should be on the lookout for the next cryptocurrency bull market.
A new video update features a pseudonymous crypto analyst known as Guy. To tell His 2.16 million YouTube subscribers focus on the decentralized storage network Arweave (AR).
Guy said he was impressed when tech giant Meta decided to use Arweave to store the social media platform’s non-fungible tokens (NFTs).
Arweave hides the fact that they are partnering with Meta to store NFTs. It’s good news.”
With the announcement of a collaboration with Meta, AR surged from a seven-day low of $9.99 to $17.47 in just a few hours, a 75% increase. The token has given up some of its profits and he is trading at $13.83 at the time of writing.
Guy goes on to say that he believes the rise will be short-lived and sold his position in Arweave prior to the partnership with Meta. But analysts say they are now looking for a new entry into AR.
Honestly, Arweave sold out a while ago. I was very disappointed when I learned that Solanas blockchain data was not stored and that Solana had moved to Google Bigtable
So even though I sold out of Arweave at that point, I have to say I still love the project and would definitely consider buying it back ahead of the next bull market…it’s a great use case We have a great team. I’m a fan of his Arweave as it has some great fundamentals so keep an eye on it ahead of the next bull market, definitely an altcoin to watch.
Me
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Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia
