Bitcoin is around 60% year-to-date, and while that doesn’t necessarily signal the end of crypto winter, it’s a sign that investors who have held onto the world’s largest cryptocurrency may have missed their chance to buy while undervalued.
However, there are still plenty of explosive opportunities in the crypto market for investors who want to look beyond Bitcoin. We’ll take a closer look at Bitcoin’s price and highlight 5 emerging altcoins that could deliver massive returns in the weeks and months ahead.
Bitcoin Momentum Stalls, Some Analysts See Bearish Development
After a crypto winter year, Bitcoin has had an impressive start to 2023. The token has gained over 80% in the first four months of the year and briefly breached the key $30,000 price level at the half April.
However, BTC’s bullish momentum has stalled over the past month. Bitcoin could not stay above $30,000. Instead, the token has remained in a range between $27,000 and $30,000, with the price recently sliding to $26,250.
Some crypto analysts see this as a worrying trend for Bitcoin. If the token cannot firmly break through the resistance at $30,000, it is likely to drop to its next support level around $23,000, which would represent a loss of 12% from today’s price.
Bitcoin’s macroeconomic picture is similarly uncertain. Although a pause in interest rate hikes by the US Federal Reserve is widely expected to be positive for BTC, the persistence of high rates and fears of a recession have turned investors away from the cryptocurrency.
At the same time, BTC faces increasing scrutiny in the United States and abroad for the energy needed to operate it. New restrictions on mining could make BTC less accessible and reduce demand for the tokens, thereby maintaining the price for the foreseeable future.
All of these trends suggest that while Bitcoin is still well below its all-time high, it is more likely to experience another round of price declines before it explodes, with a real crypto bull run that is not expected before 2024 with the next halving approaching.
So, investors looking for quick profits in the crypto market might be best served by exploring the altcoins that are gaining traction right now.
AiDoge raises $13.5 million for AI-powered meme generation
AiDoge is a meme piece that leverages generative AI to make meme creation easier than ever.
AiDoge users only have to describe the meme they want to create, and the AI will take care of the rest. Within seconds, it will provide a custom image and text for users to customize.
AiDoge allows users to tap their creations as NFTs before sharing them. That way, if a meme goes viral, users can verifiably claim ownership of the latest trend.
In order to create memes with AiDoge, users will need the project’s native AI token. Users who stake the AI earn daily credits to use the meme generation algorithm. This incentivizes long-term investing while encouraging users to create new memes.
The AiDoge presale is underway and has already raised over $13.5 million in just four weeks. Investors should hurry if they want to join the presale – less than 10% of the AI tokens allocated for the presale remain available and the project could hold an ICO in the coming weeks.
XYZ Launchpad to Drive Consumer Web3 Adoption with Gateway Portal
Launchpad XYZ is another crypto presale project that is quickly catching the attention of investors.
The new protocol will act as a gateway platform for new Web3 users and crypto natives by providing a wide range of tools and access to help drive mass adoption.
The project, which has its own Web3 wallet, will simplify Web3 browsing by providing a simple portal to different markets, experiences and protocols.
This includes a decentralized exchange, NFT marketplace, play-to-win hub and metaverse library, trading terminal, split assets, and whitelist locations for top crypto pre-sales news.
Launchpad XYZ, which was developed by a doxxed and experienced group, is powered by LPX, a utility token needed to access all the different features offered.
The Launchpad XYZ presale has already raised over $600,000, with LPX tokens currently on sale for $0.0445 in Stage 2 of 10, with the price dropping to $0.0565 in the final stage .
Visit the Launchpad XYZ presale
yPredict is building an AI-powered crypto trading platform with over 20,000 contributors
yPredict is a new crypto project that uses AI to help traders achieve greater profits in the market.
The project is building a suite of AI-based predictive modeling tools. Analysts, quants, and developers can use these tools to create custom models that predict where the price of a crypto asset will be in hours, days, or weeks.
Model builders can share their models with traders on a subscription basis through the yPredict Marketplace. yPredict gets a share of each subscription and shares 10% of that revenue with traders who stake its native YPRED token.
In addition to predictive models, yPredict builds a custom trading terminal with other AI features. The platform will support automated chart pattern recognition, social sentiment analysis, trading from charts, and more.
YPRED, which is built on the Polygon Matic network, is available for purchase now through the yPredict presale. It is currently priced at $0.07, which is more than 40% off the expected list price of $0.12.
The yPredict presale raised nearly $1.7 million and the project has over 20,000 users on its waiting list. The next price increase is in a few days.
Ecoterra Pioneers recycle-to-earn Ecosystem, raises over $4 million
Ecoterra is a green crypto project that promotes sustainability with a unique system of recycling rewards to earn.
The Recycle to Earn system is built around Ecoterra’s Web3 application. Users scan the barcode of the packaging they wish to recycle and Ecoterra matches it to the material in its database.
Once users deposit their recyclables into a reverse vending machine, Ecoterra releases ECOTERRA tokens as a reward.
Users can keep their ECOTERRA or trade it, but they can also use ECOTERRA to buy carbon credits. Ecoterra has partnered with solar and wind power projects to offer certified carbon credits that can offset users’ own emissions.
There’s a lot more to Ecoterra, including a marketplace and sustainability report sheets for businesses. The platform has the potential to become one of the key players in an eco-responsible revolution.
Ecoterra is currently offering ECOTERRA in pre-sale at only $0.0085, a 15% discount from the expected listing price. The presale has raised over $4.25 million so far, indicating that investors have great confidence in the future of this project.
Deelance raises over $1 million to change the future of work
Deelance is reimagining the future of work and taking on established companies like Upwork, Freelancer, and Fiverr.
This crypto project is building a decentralized Web3 freelance marketplace that offers lower fees and more powerful features than existing marketplaces. Deelance plans to charge businesses just 2%, the lowest fees in the industry.
One of Deelance’s innovations is to allow freelancers to be paid in crypto, eliminating costly overseas transaction fees. The platform also creates a way to turn intellectual property into NFTs, resolving questions about who owns what aspects of contract work.
Deelance also creates a metaverse where freelancers and businesses can meet. The metaverse will allow users to advertise their services, rent virtual offices, host meetings, and more.
In order to rent space or adverts in the virtual world of Deelance, freelancers and businesses will need DLANCE. This ERC-20 token is on presale now at a price of $0.033. The presale has already raised more than a million dollars.
Deelance plans to launch DLANCE at a price of $0.057, so early investors have a chance to lock in paper yields of 72%.
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