• All-Time High For Stablecoins, Altcoin Updates, and September Preview

  • Sep 4 2024
  • Length: 35 mins
  • Podcast

All-Time High For Stablecoins, Altcoin Updates, and September Preview

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  • Summary

  • Join Matt and Nick as they break down August’s market performance, stablecoin supply hitting all-time highs, and the market outlook for September. They also discuss certain altcoins updates including outages for the TON blockchain and MakerDAO’s rebrand.

    Key Takeaways

    • August was a rough month for crypto—led by BTC (-8.7%), ETH (-22.3%) and SOL (-21.1%)—while major U.S. stock indices managed to record their fourth straight monthly gain.
    • Seasonality indicates that it will be more of the same in September, given it has historically been one of BTC’s worst months.
    • Stablecoin supply hit all-time highs, indicating increased demand to use blockchains.
    • Among the altcoin updates covered: TON struggles with network performance and MakerDAO rebrands to Sky.
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Economics Personal Finance Politics & Government
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