The host of in style YouTube channel Coin Bureau says an altcoin that is up 50% over the previous week ought to be watched for the subsequent crypto bull market.

In a brand new video replace, the pseudonymous cryptanalyst named Man tells his 2.16 million YouTube subscribers that he is maintaining a tally of the Arweave (AR) decentralized storage community.

Man says he was impressed that tech large Meta determined to make use of Arweave to retailer the social media platform’s non-fungible tokens (NFTs).

“Arweave boasts of the truth that it has partnered with Meta to retailer its NFTs. That is wonderful information, not only for Arweave in fact, however it’s wonderful to see Meta taking the decentralized storage journey as nicely.”

The announcement of the collaboration with Meta despatched AR exploding from a seven-day low of $9.99 to $17.47, up 75%, in just some hours. The token has given up a few of its good points and is altering arms for $13.83 on the time of writing.

Man provides that he believes the rally will probably be short-lived and that he offered his positions in Arweave previous to his partnership with Meta. However the analyst says he is now looking out for brand new entries in AR.

“I’ve to be trustworthy with you guys, I offered Arweave some time in the past. I turned very discouraged after I noticed that Solana’s blockchain information was not saved, that Solana had switched to Google Bigtable…

So I offered Arweave at that time, however I’ve to say I nonetheless love the mission and it is one thing I positively need to purchase again into earlier than the subsequent bull market… It has an incredible use case. It has an incredible workforce. It has some nice fundamentals so I am a fan of Arweave so regulate it forward of the subsequent bull market. It’s positively an altcoin to take a look at.


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Featured picture: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia

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