Crypto Sees A Quick Recovery Despite SEC Hit-List Continuing to Expand – 3 Bullish Projects to Watch

The crypto market has seen an interesting week after the SEC continued to expand its attack on the industry. Earlier in the week, the United States Securities and Exchange Commission sued the industry’s largest exchange, Binance, for violating securities laws.

Upon the announcement, markets tanked as uncertainty gripped the market. However, by the end of the day, the industry shook off the news, allowing markets to recover to where they started during the week.

The surprising rebound has revived the bullish sentiment in the market as traders start to shrug off any attempted hit-job from the SEC.

With the market showing its resilience, we’ve found three incredibly bullish projects for you to watch. Keep reading to find out what happened this week and why it’s a bullish scenario.

SEC Attempts to Pressure Markets: Sues Binance and Labels Heavyweight Cryptos Securities

The United States Securities and Exchange Commission, the financial regulatory body in the US, recently made a pivotal move to sue the world’s largest crypto exchange, Binance, and its CEO, Changpeng Zhao (CZ), for violating federal securities laws this week.

The suit alleges that Binance, its US branch, and CZ himself offered unregistered securities offering to the general public through the BNB token and BUSD stablecoin, violating the securities laws enforced by the SEC.

The lawsuit further alleges that Binance repeatedly lied to its customers and misdirected funds to a separate investment fund owned by CZ himself – a similar scenario that unfolded with the FTX disaster earlier last year.

In addition to hitting Binance, the SEC also directed some attacks on popular cryptocurrencies, alleging that they are classed as unregistered securities in the same lawsuit. The SEC believes that the majority of cryptocurrencies on the exchange, including BNB, FIL, ATOM, ADA, SOL, MATIC, SAND, MANA, ALGO, and AXS, are all unregistered securities and should not be traded on public markets.

Strong Hands Cause Market Rebound – Bullish Sentiment?

Markets quickly tanked following the announcement of the lawsuit as BTC and ETH sank by 5%, and PEPE crashed by over 15%. Nevertheless, it only took a few hours for the market to recover just as quickly as it fell, allowing it to close the day at the same price where it started.

The following chart shows BTC throughout 2023. We can see that it’s been trapped in a falling wedge formation since topping out at $31,000 earlier in April;

We can see that following the announcement, Bitcoin fell into the support at $25,415 – provided by the May 2022 lows and the lower boundary of the falling wedge. From there, it quickly bounced to close the day above where it started as it currently tests the upper boundary.

A breakout above the falling wedge would be an extremely bullish catalyst moving forward and should help BTC start a bullish rally back toward the 2023 highs at $31,000 and higher.

Expect More Volatility: Three Promising Presales To Park Your Cash During Turbulence

Although the market looks very strong, we can expect more turbulence in the following weeks. As a result, many analysts across the globe are encouraging traders and investors to start reducing their risk slightly – although they’re not suggesting selling everything. Instead, they’re providing subtle hints to take a little risk off the table to cover any potential downside risks.

The great thing about crypto is that there are lots of places to protect your cash and cover your potential losses in the face of uncertainty. Of course, the easiest way to protect yourself is by trading some of your holdings into stablecoins. However, this method removes all risks and potential gains from the table.

A better method of covering yourself during the turbulence is to park a small percentage of your assets in presales, which have historically been profitable locations during volatile periods. Presales are closed markets that serve as fundraisers for newly founded projects. It allows the project owners to raise cash while providing a vehicle of stability for investors. This is because, in most presales, the price slowly increases during each subsequent stage – meaning that early-stage investors are likely to leave the fundraising with unrealized gains once the token hits exchanges.

Of course, you can’t just put your money anywhere – that wouldn’t be wise. Fortunately, we’ve done some digging for you and found some of the best presale projects in the market today. The following three presales cover a wide range of sectors in the crypto industry, which are all buzzing with optimism right now.

Wall Street Memes – The New King of Memes

Move aside, PEPE; a new contender is looking to take your throne and is already well on its way to achieving that goal. Wall Street Memes is the latest presale gaining momentum in the industry, raising $4.7 million in just twelve days.

Wall Street Memes is a cryptocurrency representation of the internet’s triumph over capitalism. It is an extension of the Wall Street Bets movement, which spearheaded the GameStop fiasco of 2021, where the little guy challenged Wall Street to a battle at their own game and came out victorious. As a result of the fiasco, GameStop’s market action helped a few institutions on Wall Street to come crashing down.

Now, Wall Street Memes is back to tokenize the movement through the WSM token, allowing people to engage in speculation with a little added dose of humor. The project is a fusion of internet culture, meme-based humor, and decentralized finance – making it a strong contender for memecoin dominance.

The best part about Wall Street Memes is the fact that it embodies the two components that cause memecoins to surge; hype and FOMO. The FOMO for the project is already kicking in, evidenced by the fact that it’s managed to raise over $4.4 million in just eleven days. However, FOMO is just starting and is expected to help it provide over 10x returns for investors because of its incredibly large community.

Wall Street Memes has a community with over one million followers across social media channels. The huge following is what is expected to generate some hype for the token as supporters share their love for it across social media. Furthermore, the fact that it has a huge following puts it in a fantastic position for a major tier-1 listing on launch, with some experts considering that Binance might be one of the exchanges that come knocking.

The following for the project stems from the fact that it’s connected to Wall Street Bulls, an NFT collection that sold its entire 420 collection of NFTs in 2021 in a matter of just 32 minutes. The NFT collection has seen a total trading volume of 1,800 ETH, which is worth around $3 million at today’s ETH prices. Now, that same community is back to creating a project that makes a mockery of the traditional financial system while simultaneously providing opportunities for individuals to participate in crypto investments.

The presale for Wall Street Bets is currently on fire after raising $4.7 million in just twelve days. Investors are rushing to the presale to take advantage of the lower prices before the token goes live and hits tier-1 exchanges after the presale’s conclusion. The presale is currently in the eighth stage, selling the token at a price of $0.0271. However, the price for the token will increase to $0.0274 in the next stage and will continue to rise during all planned thirty stages. Therefore, getting invested as soon as possible is essential to take advantage of the lower prices and leave the presale with higher levels of unrealized returns.

Buy WSM Today

AiDoge – Blending Artificial Intelligence With Memes

The next promising presale to park your cash is AiDoge, a revolutionary AI-powered meme generation platform that allows users to earn rewards for creating memes. AiDoge is the first-ever cryptocurrency project that uses AI for the specific purpose of generating memes as it looks to merge the trending meme culture with artificial intelligence to create a groundbreaking AI-meme rewards platform.

The platform offers an innovative meme generation solution that leverages advanced AI technology, user-friendly prompts, and a token-based credit system to revolutionize the meme creation space and cultivate a thriving crypto community. The best part about parking your cash here is the fact that it has actual utility, as users need to pay for credits to use the AI-meme generator, using $Ai – the native token behind the project.

Users don’t need to have any artistic experience when generating memes on the platform. Instead, the user-friendly interface allows users to create viral memes in a matter of seconds using simple text-based prompts. These short descriptions written by the user tell the AI what type of meme they want to see. Then, the AI will take this prompt to generate a ready-to-publish meme that can go viral like wildfire across the internet.

Once a meme has been published, it’s sent directly to the Public Wall, a shared space where users can upvote their favorite memes. Memes that reach the top of the Public Wall are entitled to receive rewards in $Ai each month, with the rewards increasing as the platform gains more adoption. This community-driven approach helps to keep investors engaged with the ecosystem and forces meme creators to think outside the box and use artificial intelligence to its fullest potential.

The presale for AiDoge has reached its anticipated funding goal. However, you are still able to purchase the token at presale prices before it’s listed on tier-1 exchanges, which is scheduled for June 19th.

Buy AiDoge Today

yPredict – Use Artificial Intelligence to Become Consistently Profitable While Trading

The final incredibly bullish project to keep on your watchlist is yPredict, an AI-based trading research and analysis platform that provides traders with data-driven insights to help them make better trading decisions to become consistently profitable.

The team behind yPredict is filled with artificial intelligence and machine learning experts, financial quants, and traders who have come together to build cutting-edge trading research tools for the trading community. The range of products in the yPredict suite includes analytical tools and platforms designed to provide insights into the market through state-of-art financial prediction methods and metrics built with alternative data and managed by AI.

The yPredict ecosystem is vast, but three products are helping the project gain traction. These are the yPredict Market Predictions, yPredict Analytics, and the yPredict Marketplace.

The Market Predictions section is an intuitive method of helping to make yPredict more popular. This free-to-use section is completely open to everybody. It allows users to come and check the latest asset price predictions generated through in-house developed predictive models. There’s no requirement to log in or hold the YPRED token, as it’s designed to serve as an inbound traffic system for the yPredict ecosystem.

The yPredict Analytics section is one of the primary product offerings from the ecosystem. This section allows users to get an edge in the financial markets using the latest artificial intelligence technology. The platform alerts traders for potential forming trends and market breakouts as the pattern recognition software for the AI can auto-detect over 100+ chart patterns and provide a confidence score with each. The AI is also tuned to provide sentiment analysis, indicator analysis, and transaction alerts. Therefore, if breaking news is likely to move the markets, traders using yPredict will be the first to be alerted. This part of the platform requires users to hold YPRED tokens to gain access – giving the robust token utility.

The flagship product from yPredict is undoubtedly the yPredict Marketplace. Here, millions of AI and ML experts can use their skills in finance to list their own price prediction models as a results-as-a-service economy. Developers that post profitable prediction models can allow traders to sign up for their model on a monthly subscription basis, with the YPRED token being required as payment. From the revenue generated, 70% is distributed to the price prediction model developer, while the remaining 30% is reinjected back into the yPredict ecosystem.

Overall, you can see why investors are quickly flocking to get involved in this project as early as possible. The platform provides a solid solution for traders struggling to remain consistently profitable over long periods and can provide them with the statistical edge they require.

The project is currently a presale for YPRED and has raised almost $1 million so far. The presale is currently selling the token for a price of $0.07, but it uses a rising pricing strategy, so it’s best to get invested as early as possible.

Buy YPRED Today