The crypto market has been unpredictable ever since the SEC lawsuits against Binance and Coinbase went live. While the community has been standing behind the exchanges despite the SEC’s attempts to tarnish them, the market is down, after a short rebound.
The popular sentiments in online communities are in favor of the accused. But that has yet to reflect in the price of the assets as fear grips the market.
Reminder, Gensler’s SEC:
FAILED to catch FTX ($8bn fraud & bankruptcy)
FAILED to protect Grayscale investors ($8bn impairment)
FAILED to protect Voyager, Genesis, BlockFi borrowers ($4bn+ bankruptcies)
It’s not that he’s mean, it’s that Gensler is an incompetent, crooked cop.
— Ryan Selkis 🪳 (@twobitidiot) June 7, 2023
What’s the best strategy to navigate the unpredictable market?
It’s difficult to say which direction the market will take in the coming days. If more exchanges come under the SEC’s scrutiny, there is a strong possibility that the market will plummet. Negative narratives around the market and its future can take a toll on market prices.
Not just because of the fear, but also the challenges faced by the targeted platforms, which leads to the suspension of services.
For example, Binance.US announced on June 9, 2023, that the exchange is suspending USD deposits as the “SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry”. The banking partners of Binance.US’ are preparing to pause fiat (USD) withdrawal channels as early as June 13, 2023.
More exchanges in the US may be forced to limit their services until things cool down. Analysts predict the market to recover in a few days’ time, especially with industry leaders and outsiders publicly announcing their solidarity. It is in stark contrast to how FTX came under scrutiny last year.
The entire crypto industry should UNITE against the SEC’s latest attack against Binance (🧵)
MAKE NO MISTAKE:
This is an attack against the ENTIRE crypto industry. pic.twitter.com/LptfKpNIcT
— B (Da Viking) (@100bviking) June 6, 2023
While the market turned against FTX and its founder Sam Bankman-Fried for misusing customer funds, the allegations against Binance and Coinbase are seen as a planned attack against the crypto industry. That is likely to render the current downturn short-lived.
But investors who don’t want to take risks amid the turbulence are shifting their attention to presales. They are parking their money in promising new cryptocurrencies that can bring lucrative returns when they launch later this year.
Listed below are three crypto presales that have been recording massive traffic over the last three days.
1. Wall Street Memes (WSM)– The Next 100X Meme Coin
Wall Street Memes is the hottest cryptocurrency of this season. According to industry analysts, the $WSM is gearing up to dethrone Pepe from its third position on the meme coin chart. The fast progress of the $WSM presale also hints in that direction, having raised $5,474,437 already. At this pace, it won’t be long before the presale hits its hard cap of $30,577,000.
Interestingly, the massive influx of investors to the $WSM presale began much before the crypto downturn. So, there is more going on for the meme coin than hype. It’s not just a haven from the crypto winter.
Let’s take a look at the key factors that make Wall Street Memes one of the best crypto investments of 2023.
Wall Street Memes garners support from a large community of more than one million members worldwide. The community (of investors and traders mostly) establishes a solid foundation for the meme coin. What sets apart Wall Street Memes from the rest of the meme coin market is the fact that it has demonstrated its robust community presence even prior to entering the meme coin market.
It harnesses the immense popularity and expansive community of the Wall Street Memes movement. As a meme coin extension of the community, $WSM offers early investors the opportunity to generate significant financial gains that would be deemed crazy in the traditional market.
If the meme coin sells out early, it will go live on exchanges early too. While the initial token launches are slated for the fourth quarter, they are likely to be moved ahead of schedule.
Introducing $WSM – yep, we’ve gone and done it.
The community token that’s flipping the Wall Street Memes game upside down! 🐂
Let’s make some serious waves together,… pic.twitter.com/fH2TMGmglZ
— Wall Street Memes (@wallstmemes) May 27, 2023
Don’t get it wrong. $WSM is not a cryptocurrency that promises to turn the world upside down. Neither does it promise to deliver everything under the sky as soon as it enters the market. It is a meme coin. And like most meme coins, it doesn’t have any planned utility. If you’re new to the crypto market, you might be feeling a little flabbergasted by this notion.
In that case, you need to rewind the clock and look at the history of the meme coin market. Meme coins were launched as a meme, just like their name implies. But they went on to exceed even their founders’ expectations and are now one of the most sought-after assets in the world. To give you a better perspective, DOGE has a lifetime ROI of 11935.30%. SHIB boasts an even bigger number at 488322.92%.
Of course, you can’t bag these returns if you invest in DOGE and SHIB now. You need to look at emerging meme coins instead, that have large community support and growth potential. A meme coin has no existence without its community. When it comes to Wall Street Memes, the community is not brought together by the passion for quick money. But their love for memes that take digs at the double standards of centralized financial institutions and lawmakers.
Even Elon Musk is a fan of Wall Street Memes.
Wall Street Memes doesn’t plan on being just another fleeting meme coin sensation. Pepe, for example, has lost 60% of its value in the last thirty days. Instead, $WSM plans on expanding the meme coin community and nurturing its value for years.
Is it a realistic goal for a meme coin without any utility?
Seems so. The project has set aside 30% of its supply for community rewards, which will promote the purchase and holding of $WSM even after it is launched on exchanges. If the token is predicted to go 30X to 50X within the first few days of its initial exchange launch, it can bring up to 100X returns for early investors next year.
And we can’t rule out the chances of the token listing on top online websites as payment in the future. Equally strong is the possibility of the community launching an ecosystem underpinned by $WSM tokens. Don’t wait until then to buy the token. $WSM is now selling for heavy discounts at the ongoing presale.
2. yPredict (YPRED) – AI-Powered Utility Token That Brings Back the Statistical Edge to Crypto Trading
The next crypto presale that has been drawing a lot of traffic this week is yPredict – a utility token that brings back the statistical edge to the crypto market. It is the native cryptocurrency of an AI-based marketplace for crypto price predictive models designed by top AI experts, quants, and analysts.
With the market dumped with bots and algorithms, crypto traders are on the hunt for reliable tools that can help them navigate the market. So it comes as no wonder they are pouring their money into the ongoing yPredict presale, which has raised $2,225,878 at the time of this writing.
There was a time when algorithms and bots were helpful in making strategic decisions for traders. But things have changed a lot for the worse now. To begin with, increased use of bots has turned the market unpredictable. In fact, they are influencing the price structure of many assets, including BTC and ETH.
The second problem is more grave. Many platforms that provide trading bots are accused of manipulating the system in favor of certain assets and investors.
This is where yPredict steps in. It helps you make near-accurate predictions in the market with the help of industry experts. You can subscribe to their predictive models using YPRED tokens.
The platform also features the following services:
- AI Signals – real-time trading signals from cutting-edge predictive models by the top 1% AI experts.
- Sentiment Analysis – Real-time sentiment analysis on all popular crypto coins.
- Technical Analysis by AI – Let AI find the most effective indicators for your asset.
- 25+ Chart Pattern Recognition – Let AI detect the most promising chart patterns on your shortlisted coins
It’s true that yPredict is less volatile than meme coins like $WSM, which are fundamentally community-driven. But as a utility-first token, yPredict is a robust investment and can generate consistently growing returns as it acquires new subscribers and users.
3. Launchpad XYZ (LPX) – A First-of-its-Kind Web 3.0 Hub
We wrap up this list with Launchpad XYZ (LPX) – a Web 3.0 hub that aims to lower the entry barrier to the industry. The project’s main goal is to bring the next 1 million users to Web 3.0
For this, it introduces an expansive ecosystem of:
- An NFT marketplace
- A play-to-earn gaming hub
- A metaverse experience library
- A Web3 wallet
- An NFT DEX
- A trading terminal
The project’s high market relevance is underscored by the reaction of the crypto market to the SEC turmoil. If the lawsuits were filed three years back, the repercussions would have been much worse. But crypto investors have matured and the rising inflation and global economic instability have urged traditional investors to dip their toes into the crypto market.
But they need help to navigate the market that is now laced with complex jargon and concepts. Launchpad XYZ promises to guide them by offering curated services, products, and investment opportunities.