The crypto market is experiencing a positive price trajectory due to factors like the weakening dollar index, which has boosted sentiments.
According to CoinMarketCap data, the global crypto market capitalization trades at $1.19 trillion, with a staggering trading volume of 31.6 billion in the last 24 hours. This serves as a testament to positive signs of market recovery.
Several altcoins, including $WSM, $ECOTERRA, $LINK, and $ADA, have shown the potential to generate huge returns for investors in the short term.
Wall Street Memes ($WSM) – The Next Meme King to Hit Moonshot in Short Term
Amid the recent exponential meme coin rise that saw the likes of $PEPE and $SPONGE generate more than 10,000% gains, a new meme token, $WSM, has emerged.
Developed by the same creators behind the Wall Street Bulls NFT collection, which sold out in 32 minutes and raised a whopping $2.5 million, $WSM has garnered significant attention in the crypto community.
The project’s whitepaper emphasizes its goal of leveraging blockchain technology to connect memes and revolutionize the financial landscape by harnessing the strength of vibrant communities.
Since its presale launch on May 26, $WSM has raised an impressive $10.4 million, indicating significant interest from global investors.
At press time, $WSM trades at $0.0304 per token in stage 18 out of 30 in presale.
Wall Street Memes boasts a robust and passionate community of one million followers across various social media platforms. This reaffirms the meme coin’s strong support and uptrend potential.
In addition to its community support, the project has garnered attention from influential figures in the crypto space, including Elon Musk, on multiple occasions.
— Elon Musk (@elonmusk) March 18, 2023
Furthermore, $WSM’s tokenomics reflect a community-centric approach. The token has a capped supply of 2 billion tokens, with 50% allocated to the ongoing presale, 30% for community rewards, and 20% for exchange liquidity.
No token was reserved for the development team, indicating a transparent and committed structure to avert rug pull.
With a dedicated team, an engaged community, a rapidly growing brand, and a timely entry into the meme crypto market, $WSM is poised to be the next big crypto gainer in the short term.
Ecoterra ($ECOTERRA) – Eco-Friendly Asset With Commercial Ventures
Ecoterra is an emerging green initiative project that distinguishes itself with its mission to promote recycling as the optimal waste disposal method. It also offers incentives to individuals for their active participation.
The project incorporates a novel Recycle-to-Earn (R2E) model and blockchain technology to revolutionize recycling and create a real-world utility.
The ecoterra ecosystem comprises several key components, including a robust R2E-powered app, a carbon offset and recycled materials marketplaces, and an impact profile.
Users can participate in recycling activities by picking up plastics, cans, and glass bottles from the oceans.
— ecoterra (@ecoterraio) June 26, 2023
They can then use the project’s app to locate nearby reverse vending machines, dispose of their waste responsibly, and earn rewards in the form of $ECOTERRA tokens.
Recycling companies can also utilize the ecoterra platform by selling recycled products to manufacturers at affordable prices.
Users can invest their $ECOTERRA tokens into green evolution projects. This includes tree plantation, wind and solar energy installation, and global education on the benefit of recycling in the fight against climate change.
Incredible news: @ecoterraio has achieved another milestone
We're getting closer to the app demo release and making strides towards a sustainable future ♻️
— ecoterra (@ecoterraio) June 26, 2023
$ECOTERRA is in the eighth stage of its presale, with over $5.4 million raised from savvy investors.
Selling at a low rate of $0.00925 per token, traders now have the opportunity to impact the planet and earn great rewards.
With potential strong collaborations and adoption from recycling and manufacturing industries, $ECOTERRA is touted to hit continuous price milestones.
Chainlink ($LINK) – Revolutionary Cross-Chain With a Price Rebound on the Horizon
Another altcoin that has shown an impressive potential to generate high gains for investors is $LINK, the native token of the revered Chainlink project.
The crypto platform enables enterprises such as decentralized finance (DeFi), non-fungible tokens (NFTs), and others to securely connect with blockchain platforms and process trillions of transactions seamlessly.
Chainlink ecosystem also enables developers to build utility-driven Web3 applications with access to data and off-chain computation across any blockchain.
The use cases of the versatile oracle network have permeated several industries and are arguably the major propeller of the latest uptrend price movement of $LINK.
At press time, $LINK trades at $6.20, with a significant trading volume of $173.9 million in the last 24 hours.
Although the price of the cross-chain token is down by 2.47% in the past day and 88.33% below its all-time high recorded on May 10, 2021, it has recorded over a 21.10% increase in the last seven days.
Technical analysis indicates that a price rebound is on the horizon for the $LINK market based on its recent trajectory.
The token trades below the 200-day simple moving average (SMA) of $6.71 but finds resistance as it trades above the 50-day SMA of $6.14. This signals an emerging price growth.
$LINK is above the 3-day and 10-day exponential moving average (EMA) indicators set at $6.19 and $5.79, respectively, which aligns with the SMA uptrend analysis.
The relative strength index (RSI) oscillator sits at 61.10, a major leap from its previous 40.83. This shows signs that the $LINK will potentially reach an overbought zone soon.
The Oracle network is already used by all kinds of crypto platforms and continues to partner with reputable enterprises, including the popular Tencent Cloud.
With more partnerships and a spate of adoption of blockchain platform technology, the $LINK price is expected to increase past previous highs to generate great returns for investors.
Cardano ($ADA) – Sustainable Token With Vast Utility
Rounding up our list of the top altcoins to buy today is $ADA, the native token of the Cardano blockchain network.
Dubbed the “Internet of Blockchains,” Cardano is used to build smart contracts and create decentralized applications (dApps) and protocols.
Furthermore, the network enables users to send and receive funds instantly for a cheap fee, attracting an array of applications in the business and finance world.
At its core, the blockchain platform is building an ecosystem that would provide financial utilities to everyone. The impressive price movement of the $ADA is a testament to the platform’s growing exploits.
At press time, $ADA trades at $0.289 per token, indicating an uptrend of 11.7% in the last seven days.
The token has recorded a staggering 24-hour trading volume worth $193.4 million, indicating hot-red market activities from global investors.
$ADA price uptrend is yet to make a significant impact as it trades below the 50-day and 200-day simple moving averages (SMAs) of $0.33 and $0.034, respectively. This signals a bearish market.
The token also trades below the 3-day exponential moving average (EMA) of $0.29. However, $ADA gains balance as it hovers over the 10-day EMA set at $0.285 to signal a gradual price push.
The relative strength index (RSI) settles at 41.54. This is a significant jump from its previous 31.36, indicating a move away from its previous underbought zone.
Cardano crashed after it was named a security in the SEC’s lawsuit against Binance but many in the crypto community think it was oversold and could rally ahead of the rest of the market.
Meanwhile, recent news, like Acredius’s partnership with Cardano, has also fueled optimism in $ADA price increase projections.
The popular digital fintech platform known for its lending/borrowing services announced a mutual collaboration with the Cardano project.
We are thrilled to announce our collaboration with @Cardano_CF to bring the power of blockchain to fintech.
Acredius will deploy smart contracts on the Cardano Ecosystem, supporting growth opportunities for SMEs.
— Acredius (@Acredius_AG) May 19, 2023
The strategic partnership will see Acredius deploy utility-driven smart contracts on the Cardano ecosystem to support diverse growth opportunities for small and medium enterprises (SMEs).
With more targeted collaborations and adoptions like this, there would be high demand for $ADA.
This could create a high surge in its value in the short term and reward investors with massive profits.
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Wall Street Memes (WSM) - Newest Meme Coin
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