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The cryptocurrency market finally collapsed under the extreme bearish conditions. After the US SEC sued Binance and Coinbase for illegal operation and sale of unregistered securities, major crypto tokens have plummeted over 20% in the span of a few hours.
While SEC’s hawkish actions force crypto investors to dump their holdings, a few newly launched tokens continue to see surging interests.
The Wall Street Memes token has remained unaffected by the bearishness in the crypto market due to the strength of its community. Similarly, the yPredict and Ecoterra tokens continue to surge throough their presales, indicating potential to outperform the wider market.
Crypto Market Crash Leads To Record Outflows, Investors Prepare For Further Correction
After showing impressive resiliency, major crypto tokens are now seeing a massive correction following the SEC’s lawsuit against Binance & Coinbase. Bitcoin fell below the $26k level after shedding 4% over the last 24 hours. However, altcoins have faced the major brunt of the market’s bearish outlook.
Cardano, Solana and MATIC all entered bear market territory after falling more than 20% over the past day. These are three of the top tokens that have been labelled as unregistered securities in the SEC’s lawsuit. If the SEC is able to prove this in court, it will be a huge setback to the entire crypto industry. Tokens that are unregistered securities have to often deal with suffocating regulation, which ends up deprecating the asset’s value.
Michael van de Poppe, the CEO & Founder of MN Trading, believes that future corrections are likely as the total crypto market capitalization fell below the 200-Week Moving Average. Binance & Coinbase continue to see record outflows as they prepare for long-drawn legal battles.
Binance founder Chanpeng “CZ” Zhou took to Twitter to tackle some of the FUD in the market. He stated that the narrative that Binance is converting its crypto holding to fiat is indeed false. In fact, Binance’s crypto reserves have increased. Nevertheless, the top exchange will have to score a few legal victories to boost investor confidence.
The crypto market may face a double whammy as the Federal Reserve decided on the next interest rate hike. The recent hike by the Canadian central bank has created doubts in the minds of investors. If the Fed indeed continues their hawkish stance, the crypto market may face another long crypto winter.
Wall Street Memes Token Nears $6m, Could it Outperform Doge & Pepe?
The Wall Street Memes token has become one of the most attractive buys in the meme coin market. Major meme tokens such as Dogecoin continue to disappoint investors as it fell 13% over the last 24 hours. Similarly, Pepe remains shackled to the overall crypto market as it corrected 21% over the same period.
However, the Wall Street Memes token had another dominant day in its presale as it has now raised $5.9 million and is set to breach $6 million in a few hours.
The Wall Street Memes group has had a remarkable track record of upending the traditional financial landscape, which received global recognition during the historic GameStop short squeeze. Backed by its incredible brand value and a million strong internet army, the group now looks to combat big money institutions in the crypto space.
The WSM group already has an established consumer base in the Web3 space. It sold out its Wall St Bulls NFT collection in 32 minutes, netting a cool $2.5 million. The group has also recently launched its own Bitcoin Ordinal NFTs. This loyal customer base is sure to give a strong boost to the $WSM meme coin.
Despite its massive popularity, the project is taking strong steps to further boost user adoption. The entire WSM supply will be available to investors with no cuts for the team or any private sale. Furthermore, investors can grab 50% of the tokens in the presale itself, with 30% of the remaining supply reserved for cool community rewards.
5 lucky degens will also win $10K worth of $WSM tokens through a very generous airdrop.
The group launched the Wall Street Memes token under the motto, “Welcome to the revolution”. Interested investors can join this movement by purchasing $WSM tokens either through bank cards or by swapping ETH or USDT tokens.
Revolutionary AI Trading Platform yPredict Sees Surging Interest with Over $2m Raised
The extreme price fluctuations in the current crypto market has forced retail investors to evolve their trading practices. As a result, the AI-backed yPredict trading ecosystem is receiving enormous interest due to its wide range of tools and valuable market insights.
The $YPRED token has now raised $2.2 million and is quickly approaching its targeted $2.9 million. The token is currently trading at $0.09 which is set to surge nearly 30% in the next stage of the presale.
Investors are jumping on the yPredict bandwagon due to its cutting-edge ecosystem that provides trading solutions for users with all levels of experience. All $YPRED holders are eligible for a lifetime access to the yPredict Predictions tool which consists of accurate price predictions for thousands of crypto assets and securities.
Similarly, users can utilise the yPredict Analytics platform to gain valuable market insights on the basis of sentiment analysis, transaction data analysis and pattern recognition.
The yPredict Marketplace is the flagship product of the company that allows expert AI/ML developers to publish their cutting-edge predictive modes. Traders can then subscribe to these models and use them to anticipate market volatility. Finally, pro traders can utilise the sophisticated Terminal trading engine to execute trades at a blazing fast speed.
Aside from getting lucrative discounts on every yPredict service, the $YPRED holders can also earn up to 45% APY as quarterly staking rewards. Interested investors can acquire the token by swapping ETH, MATIC or USDT tokens. Alternatively, they can also purchase the tokens through bank cards.
Eco-Friendly Token Ecoterra Pioneering Recylce2Earn, Tier-1 Listings Next?
Mainstream investors gripe about the polluting nature of tokens such as Bitcoin and the lack of alternative eco-friendly solutions. Fortunately, Ecoterra is using an innovative approach to blockchain technology and tokenomics to tackle anthropogenic climate change.
The project incentivizes individuals and corporations to play their role in reversing the adverse impact of global warming. For example, it allows major corporations to build an eco-friendly reputation by simply purchasing recycled products at a cheap cost. Companies in the fields of tech, apparel industry, consumer goods, etc. can earn a ton of social credit while also creating a demand for recycled goods.
Similarly, individuals can earn Ecoterra tokens by simply recycling waste products through the project’s recycle2earn application. They can also receive lucrative $ECOTERRA rewards by paying their green energy bills through the app.
The project has also partnered with leading climate action organisation Verra to provide effective carbon offset solutions. Users can easily reduce their carbon footprints at minimal costs.
Due to Ecoterra’s significant real-world value and its crucial role in changing the mainstream perception of the crypto industry, it becomes a likely candidate for a Tier-1 listing.
Investors can purchase the token through bank cards or by swapping ETH or USDT tokens in exchange for it.
DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article.
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