This week, the crypto market witnessed intense sell pressure due to the US Federal Reserve’s latest monetary policy announcement. Although the Fed paused its interest rate hikes, it was hawkish on the interest rate outlook. Fed Chairman Jerome Powell signaled that more interest rate hikes might be needed later in the year. This guidance shocked crypto investors, and Bitcoin (BTC) fell more than 3% on Wednesday, dropping below $25,000 for the first time since March. Ether (ETH) also dropped over 5% to the mid-$1,600s, its lowest levels since March. The hawkish guidance on the interest rate outlook encourages investors to move into risk-free yield-producing assets like US Treasuries and out of speculative risk assets like cryptocurrencies.
Three Crypto Projects Bucking the Trend
Despite the bearish trend in the broader crypto market, there are still some bright spots. Here are three crypto projects that have been bucking the trend recently and are considered amongst the best presale opportunities of 2023.
Wall Street Memes
Wall Street Memes rose to prominence in the meme stock craze of 2021 and has recently been expanding its relevance in the cryptocurrency space with the presale of its new $WSM token. The success of the $WSM presale, which has raised more than $7 million in just over two weeks, isn’t surprising given the size of Wall Street Memes’ community. The project has a one million-strong social community of degens, which analysts think all but guarantees that the $WSM token will be listed on tier 1 crypto exchanges like Binance. With 30% of the token supply being held back for community rewards, it can reasonably be expected that airdrops to holders will be a big part of the ecosystem. Analysts are already predicting 10x gains for Wall Street Memes when it lists on exchanges.
yPredict
The yPredict market intelligence platform is building a first-of-its-kind, institutional-grade financial price prediction system. The tool, which is built on yPredict’s in-house deep data analysis, will help crypto investors discover the next explosive crypto with ease. The best part is that yPredict’s crypto price prediction system will remain free and open for all users to access, and the price predictions will be made publicly available and require no login to see. The project is also building a cutting-edge crypto research and trading platform that provides traders and investors access to dozens of AI-powered signals, breakouts, pattern recognition, and social/news sentiment features. As AI continues to make waves in the crypto industry and beyond, projects like yPredict are expected to attract significant interest. Many industry observers are tipping AI cryptos like yPredict’s native $YPRED token, currently available via presale, to be amongst the next best-performing coins.
AiDoge
The blowout rate at which AiDoge’s crypto presale sold out (more than $14.9 million was raised in only a few weeks) suggests that many investors think that AiDoge could be the next big meme coin to blow. The up-and-coming memecoin project, which utilizes revolutionary generative $AI technology in its viral meme-making social media platform, enables investors to secure $AI tokens at the exchange listing price of $0.0000336. The web3 project will unveil its first major CEX listing in just four days. AiDoge is building a revolutionary new crypto-powered web3 platform that will allow users to share and vote on memes created by users via the platform’s breakthrough AI technology. Users of the platform who create the best memes will be rewarded financially in the form of AiDoge’s native $AI token.
Although the Fed’s hawkish guidance has sparked a sell-off in the crypto market, projects like Wall Street Memes, yPredict, and AiDoge are bucking the trend. Their unique offerings, strong communities, and innovative technology make them some of the best presale opportunities of 2023. However, cryptocurrencies are highly volatile investments with considerable risk, and investors should always do their own research before investing.