₿ 10 Cryptos Outperforming Bitcoin This Month

What’s on the Menu 🍴

Late summer is always a time for high volatility…

So let’s dive into what’s moving (and what to watch) this week!

• Why Workcations Are the Future of Work 🏖️

• What To Watch This Week 👀

• 10 Cryptos Outperforming Bitcoin This Month 📊

• Recession or Rebound? Markets On The Edge! 📺

Today’s newsletter is a 5 minute read.

Why Workcations Are the Future of Work🏖️

Over the past 17 years, The Daily Dough team has been traveling the world as we’ve continued to grow our dough.

Imagine sipping a cappuccino in a quaint Parisian café, laptop open, with the Eiffel Tower in view—this could be your new normal.

As the hybrid work model solidifies its place in our professional lives, the workcation—a blend of work and vacation—is quickly becoming the productivity hack of the decade.

Gone are the days when the only escape from your office was a quick weekend getaway.

Now, with just a solid Wi-Fi connection, your workspace can be anywhere: a beachside bungalow in Bali, a rustic cabin nestled in the Rockies, or even a cozy apartment in Tokyo's bustling Shibuya district. Workcations are no longer just a trend—they’re a lifestyle.

Why Workcations Are a Game-Changer

First, let’s talk about the elephant in the room: productivity.

It turns out that changing your environment can do wonders for your focus and creativity. Studies have shown that new surroundings can spark fresh ideas and boost motivation.

Combine that with the calming effects of nature or the excitement of a new city, and you’ve got the perfect recipe for getting things done.

But it’s not just about productivity.

Workcations offer a unique way to balance work and life. Instead of cramming all your leisure into weekends or holidays, you can now weave relaxation and exploration into your daily routine.

Imagine starting your day with a yoga session on a Thai beach, working through the afternoon in a shaded hammock, and ending the day with a local culinary adventure. Your workday just got a lot more interesting.

Destinations Are Catching On

Destinations worldwide are catching on to this workcation wave.

Hotels, resorts, and even entire towns are rebranding themselves as digital nomad-friendly havens.

In places like Lisbon, Bali, and Mexico City, you’ll find co-working spaces sprouting up next to trendy cafes and gyms.

Some accommodations now offer "workcation packages" with extended stay discounts, dedicated workspaces, and high-speed internet to lure in the growing crowd of remote workers.

But the trend doesn’t stop there. Governments are getting in on the action too.

Countries like Barbados, Estonia, and Bermuda have introduced special digital nomad visas, allowing remote workers to stay for up to a year.

It’s an offer too good to pass up—why work from home when you can work from paradise?

The Future of Work Is Here

As more companies embrace remote work, the workcation is set to become an integral part of how we live and work.

Whether you’re looking to escape the mundane or seeking new inspiration, the world is your office.

So pack your bags, grab your laptop, and start planning your next workcation. After all, the best office views are the ones you can’t get from a cubicle.

What To Watch This Week 👀

Better than expected retail sales and cooler inflation data helped boost financial markets last week.

In fact, every major sector of the US stock market participated in the rally last week:

Crypto markets lagged, but the negative correlation between stocks and crypto may be viewed as a positive by many investors.

This week a number of retailers will report earnings, including Lowes, Target, and Macy’s:

Investors will be keenly focused on forward guidance as concerns about a slowing economy may linger.

Other companies worth watching include Snowflake, Zoom, Peloton, Baidu, and Cava.

Federal Reserve chairman Jerome Powell will be speaking at the Jackson Hole event on Friday.

Otherwise, it’s a relatively light week for macroeconomic data:

• Canada inflation (Tues)

• FOMC minutes release (Wed)

• Japan inflation (Thurs)

• Germany manufacturing PMI (Thurs)

• Fed Jackson Hole speeches (Fri)

Space themed stocks such as AST Spacemobile (ASTS) and Rocket Lab (RKLB) surged last week, so we’ll watch those for follow through.

We’ll also keep an eye on the following assets and sectors this week:

📈 Rising Recently:

• Semiconductors (SOXX)

• Gold & Gold Miners (GLD / GDX / GDXJ)

• Internet & Software (IGV)

• REITs (XLRE)

• Health Care (XLV)

• Financials (KBE / KRE)

• Retail (XRT)

📉 Falling Recently:

• Crypto (BTC / ETH / SOL)

• Airlines (JETS)

• Energy (XLE)

10 Cryptos Outperforming
Bitcoin This Month 📊

Bitcoin has been one of the best performing crypto-assets this bull market…

But a select few altcoins are leaving the king of crypto in the dust.

We screened the market for cryptos with at least a $10 million market cap and $5 million in average daily volume over the past 7 days.

These are the ones that have seen the largest percentage gains over Bitcoin's performance this month.

1. SuperRare (RARE) - Leading the pack with an eye-popping 242% gain over Bitcoin this month, SuperRare is the talk of the NFT world right now. With $746 million in 24-hour volume, RARE is proving that the digital art market is far from dead.

2. Helium (HNT) - Despite a slight dip of 1.42% in the last 24 hours, HNT has outshone Bitcoin by 90% this month. The IoT-focused network is continuing its impressive run as it expands globally.

3. Synapse (SYN) - Up 64% over Bitcoin’s performance, Synapse is riding the wave of increased demand for cross-chain interoperability. This DeFi powerhouse is looking like a serious contender in the altcoin space.

4. Zcash (ZEC) - Privacy coin Zcash has quietly outperformed Bitcoin by 63% this month, despite a recent 2.11% pullback. ZEC continues to benefit from the growing demand for privacy in the crypto space.

5. Mother Iggy (MOTHER) - This lesser-known token has posted a 53% gain over Bitcoin, and with a 4.59% increase today, it’s one to keep on your radar.

6. NEM (XEM) - Up 45% against Bitcoin, NEM has been steadily climbing. With its unique Proof-of-Importance consensus algorithm, XEM is gaining traction among investors looking for alternatives to the usual suspects.

7. BakerySwap (BAKE) - Outperforming Bitcoin by 36%, this DeFi and NFT platform continues to attract attention. Its slight 1.29% gain today adds to its momentum.

8. QuarkChain (QKC) - Despite a minor slip today, QuarkChain has still managed to outperform Bitcoin by 34% this month. It’s a solid showing for this high-throughput blockchain project.

9. Velo (VELO) - Even with a sharp 7.20% drop today, Velo has outperformed Bitcoin by 33% this month. The recent volatility could be a sign of profit-taking after its strong run.

10. PlatON Network (LAT) - Rounding out the list, PlatON Network has outpaced Bitcoin by 30% this month. With a focus on privacy-preserving computation, LAT is quietly making moves in the blockchain space.

Video of the Day:
We Talk Money Episode 151 📺

We Talk Money Episode 151: Recession or Rebound? Markets On The Edge!

Over the past week we’ve seen huge volatility in markets…

And next week will be very telling for the future of bitcoin, gold, and stocks.

Watch the episode HERE!

Food For Thought 🧠

“Money is a terrible master but an excellent servant.”
- P.T. Barnum

DISCLAIMER: We are not investment advisors, and this content is for educational purposes only. We don’t offer financial, legal, or tax advice. Nothing we say is a recommendation to buy or sell any assets. Trading and investing are extremely risky, so please be careful and do your own research.