MKR & HNT Lead Alts, Positive Data on Mon & Tues Boosts CPI Optimism for Wed
Aug 13, 2024
MKR surged, driven by the ETH rally and Grayscale’s MKR trust launch, reinforcing its position as our preferred ETH-adjacent alt ahead of MKR End Game. HNT also performed well, benefiting from its "network of networks" transition and new offloading partnerships. Despite doubling in value, it may be too early to take profits. The market now turns to tomorrow’s CPI print, with Monday’s inflation expectations and Tuesday’s PPI indicating a likely continuation of disinflationary trends.
Tickers in this video: #BTC, #ETH, #SOL, ...