{"id":3406,"date":"2024-05-06T09:33:00","date_gmt":"2024-05-06T09:33:00","guid":{"rendered":"https:\/\/solanacrypto.news\/2024\/05\/06\/daniel-yans-picks-for-may-outperformance\/"},"modified":"2024-05-06T09:33:00","modified_gmt":"2024-05-06T09:33:00","slug":"daniel-yans-picks-for-may-outperformance","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2024\/05\/06\/daniel-yans-picks-for-may-outperformance\/","title":{"rendered":"Daniel Yan\u2019s Picks for May Outperformance"},"content":{"rendered":"
Amid the turbulence that rocked cryptocurrency markets in April, Daniel Yan, the Chief Investment Officer of Kryptanium Capital, has a clear vision for May\u2019s trading strategies. <\/strong><\/p>\n He focuses on artificial intelligence (AI), Solana<\/a>, and meme coins as potential leaders for a rebound.<\/p>\n A blend of macroeconomic triggers and market dynamics marked April\u2019s crypto crash. The US\u2019s persistent inflation<\/a> and hot labor market<\/a> led to a significant selloff in US treasuries, impacting cryptocurrencies that are sensitive to such macroeconomic factors. Additionally, the behavior of the spot Bitcoin ETFs<\/a>, which, contrary to expectations, acted more as a trading instrument than a stable investment, contributed to April\u2019s downturn.<\/p>\n Altcoins suffered acutely due to poor liquidity and heavy unlocking schedules<\/a>, leading to a dramatic drop not seen since the tumultuous events of 2022. <\/p>\n \u201cThe medium performer of the top 100 tokens on CoinMarketCap in April saw a decline of 33%, compared with a milder 15.5% dip for Bitcoin and Ethereum,\u201d Yan explained<\/a>.<\/p>\n<\/blockquote>\n However, after a series of positive macroeconomic updates, Yan sees a silver lining. The introduction of the US Treasury Department\u2019s first bond buyback program since 2002 and a dovish statement from the Federal Open Market Committee<\/a> have helped stabilize the crypto market. These factors contributed to Bitcoin\u2019s over 10% rebound in just a few days.<\/p>\n Looking into May, Yan predicts it to be a \u201cvery macro month for crypto.\u201d He expects market stability until the mid-month Consumer Price Index report, likely influencing market direction. Specifically, Yan is bullish on categories like Solana, AI-driven coins, and meme tokens. <\/p>\n \u201cSolana category, AI category and Memes category are my top picks for the catchup trade \u2013 they should outperform Bitcoin in May. In general, I don\u2019t think the theses for a very bullish 2024 is challenged at all. However, the April crash is a great lesson to all market players,\u201d Yan asserted<\/a>.<\/p>\n<\/blockquote>\n Read more: 11 Cryptos To Add To Your Portfolio Before Altcoin Season<\/a><\/strong><\/p>\n Despite April\u2019s challenges, Yan remains optimistic about the long-term prospects of cryptos, viewing the recent crash as a crucial lesson for market participants. <\/p>\n Disclaimer<\/p>\n In adherence to the Trust Project<\/a> guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our\u00a0Terms and Conditions<\/a>,\u00a0Privacy Policy<\/a>, and\u00a0Disclaimers<\/a>\u00a0have been updated.<\/p>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":" Amid the turbulence that rocked cryptocurrency markets in April, Daniel Yan, the Chief Investment Officer of Kryptanium Capital, has a clear vision for May\u2019s trading strategies. He focuses on artificial intelligence (AI), Solana, and meme coins as potential leaders for a rebound. AI, Solana, Memes to Lead May Catchup Trade A blend of macroeconomic triggers […]<\/p>\n","protected":false},"author":1,"featured_media":3407,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/3406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/comments?post=3406"}],"version-history":[{"count":0,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/3406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media\/3407"}],"wp:attachment":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media?parent=3406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/categories?post=3406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/tags?post=3406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}AI, Solana, Memes to Lead May Catchup Trade<\/h2>\n
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