Collective Shift
Welcome to the Collective Shift podcast, where we aim to help you save time and get ahead in the world of cryptocurrency. In each episode, we cover the latest crypto developments and trends, discussing important headlines and introducing exciting new projects. We understand that crypto can be overwhelming, which is why we strive to provide clear and concise information to help you make informed decisions. So join us as we delve into the intersection of finance and tech, and learn how you can use crypto to stay ahead of the curve.
Collective Shift
All-Time High For Stablecoins, Altcoin Updates, and September Preview
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.