Is It Too Late to Buy Bitcoin? 5 Best Altcoins That Could Explode Instead
Bitcoin is around 60% since the turn of the year, and while that doesn’t necessarily signal the end of the crypto winter, it’s a sign that investors who have been holding off on the world’s largest cryptocurrency may have missed their chance to buy in while it was undervalued.
However, there are still plenty of explosive opportunities in the crypto market for investors who are willing to look beyond Bitcoin. We’ll take a closer look at Bitcoin’s price and highlight 5 emerging altcoins that could generate massive returns in the weeks and months ahead.
Bitcoin Momentum Stalls, Some Analysts See Bearish Move Ahead
After a year of crypto winter, Bitcoin had an impressive start to 2023. The token gained more than 80% in the first four months of the year and briefly broke through the key $30,000 price level in mid-April.
However, bullish momentum in BTC has stalled in the past month. Bitcoin has been unable to remain 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 can’t firmly break through resistance at $30,000, it is likely to fall to its next support level around $23,000 – that would represent a 12% loss from today’s price.
The macroeconomic picture for Bitcoin is equally uncertain. Although a pause in interest rate hikes by the US Federal Reserve is widely expected to be positive for BTC, continued high rates and fears of a recession have turned investors away from cryptocurrency.
At the same time, BTC faces increasing scrutiny in the US and abroad for the energy required to mine it. New restrictions on mining could make BTC less accessible and decrease demand for the token, thus holding down the price for the foreseeable future.
All of these trends suggest that while Bitcoin may still be well below its all-time high, it’s more likely to go through another round of bearish price action before it surges, with a true crypto bull run not expected until 2024 with the next halving approaching.
So, investors in search of speedy profits in the crypto market may be better served by exploring altcoins that are gaining traction right now.
AiDoge Raises $13.5 Million for AI-powered Meme Generation
AiDoge is a meme coin that’s leveraging generative AI to make meme creation easier than ever.
AiDoge users just need 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 that users can customize.
AiDoge enables users to mint their creations as NFTs before sharing them. That way, if a meme goes viral, users can verifiably claim ownership over the latest trend.
In order to create memes with AiDoge, users will need the project’s native AI token. Users who stake 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 going on now and has already raised more than $13.5 million in just four weeks. Investors need to hurry if they want to join the presale—less than 10% of AI tokens allocated to the presale remain available and the project could hold an ICO in the next few weeks.
Launchpad XYZ to Drive Mainstream Web3 Adoption with Gateway Portal
Launchpad XYZ is another crypto presale project that is quickly grabbing the attention of investors.
The new protocol will act as a gateway platform for new Web3 users and crypto natives by providing a broad range of tools and access to help drive mass adoption.
The project, which has its own Web3 wallet, will simplify Web3 navigation by providing an easy portal to various different marketplaces, experiences, and protocols.
That includes a decentralized exchange, NFT marketplace, play-to-earn gaming hub and metaverse library, a trading terminal, fractionalized assets, and whitelist spots to the best new crypto presales.
Launchpad XYZ, which has been developed by a doxxed and experienced group, is powered by LPX, a utility token that is needed to earn access to all the different features on offer.
The Launchpad XYZ presale has already raised more than $600k, with LPX tokens currently on sale for $0.0445 during stage 2 of 10, with the price to increase to $0.0565 in the final stage.
yPredict Builds AI-powered Crypto Trading Platform with 20,000+ Backers
yPredict is a new crypto project that’s using AI to help traders achieve greater profits in the market.
The project is building a suite of AI-powered 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 yPredict’s marketplace. yPredict gets a cut of each subscription, and it shares 10% of that revenue back to traders who stake its native YPRED token.
In addition to the predictive models, yPredict is building a custom trading terminal that’s loaded 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 to buy now through the yPredict presale. It’s currently priced at $0.07, a more than 40% discount from the planned list price of $0.12.
The yPredict presale has raised almost $1.7 million and the project has more than 20,000 users on its wait list. The next price increase is just days away.
Ecoterra Pioneers Recycle-to-earn Ecosystem, Raises Over $4 Million
Ecoterra is a green crypto project that’s promoting sustainability with a unique recycle-to-earn rewards system.
The recycle-to-earn system revolves around Ecoterra’s Web3 app. Users scan the barcode of the packaging they want to recycle, and Ecoterra matches it to material in its database.
Once users deposit their recyclables at a reverse vending machine, Ecoterra releases ECOTERRA tokens as a reward.
Users can hold onto their ECOTERRA or exchange them, but they can also use ECOTERRA to buy carbon credits. Ecoterra has partnered with solar and wind energy 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 cards for businesses. The platform has the potential to become one of the key players in an eco-friendly revolution.
Ecoterra is currently offering ECOTERRA on presale at only $0.0085, a discount of 15% from the expected listing price. The presale has raised more than $4.25 million so far, indicating that investors have a lot of confidence in this project’s future.
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 just 2% for businesses, the lowest fee in the industry.
One of Deelance’s innovations is to enable freelancers to be paid in crypto, thus eliminating costly foreign transaction fees. The platform is also creating a way to turn intellectual property into NFTs, thus resolving questions over who owns what aspects of a piece of contract work.
Deelance is also creating a metaverse where freelancers and businesses can meet. The metaverse will enable users to advertise their services, rent virtual office space, host meetings, and much more.
In order to rent space or ads in Deelance’s virtual world, 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 $1 million.
Deelance expects to launch DLANCE at a price of $0.057, so early investors have a chance to lock in paper returns of 72%.
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