Bitcoin is up about 60% since the start of the year, and while this doesn’t necessarily signal the end of the crypto winter, it is a sign that investors who were late getting into the world’s largest cryptocurrency may have missed out on their buying opportunity. While it was undervalued.
However, there are still plenty of explosive opportunities in the cryptocurrency market for investors who want to look beyond Bitcoin. We’ll take a closer look at the Bitcoin price and highlight 5 emerging altcoins that could generate massive returns in the coming weeks and months.
Bitcoin’s momentum has stalled, and some analysts see a bearish move ahead
After a year of crypto winter, Bitcoin has had a great start to 2023. The token gained more than 80% in the first four months of the year and briefly breached the key $30,000 price level in mid-April.
However, the bullish momentum in Bitcoin has stalled in the past month. Bitcoin could not stay above $30,000. Instead, the token has remained in a range of $27,000 to $30,000, with the price recently dropping to $26,250.
Some crypto analysts see this as a worrying trend for bitcoin. If the coin is unable to steadily break the resistance at $30,000, it is likely to drop to the next support around $23,000 — which is a loss of 12% 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 price hikes and fears of a recession have turned investors away from cryptocurrencies.
At the same time, BTC is facing increasing scrutiny in the US and abroad for the energy required to mine it. New restrictions on mining could make bitcoin less accessible and reduce demand for the token, thus lowering the price for the foreseeable future.
All of these trends suggest that while Bitcoin may still be well below its all-time high, it is likely to go through another round of bearish price action before a rally, with a real rally in the cryptocurrency not expected until 2024 with Next half approaching. .
Therefore, investors looking for quick profits in the cryptocurrency market can be better served by exploring the altcoins that are gaining momentum at the moment.
AiDoge has raised $13.5 million to create an AI-powered meme
AiDoge is a meme currency that leverages generative AI to make creating memes 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 allows users to mint their creations as NFTs before sharing them. This way, if a meme goes viral, users can claim ownership of the latest verifiable trend.
In order to create memes with AiDoge, users will need the project’s original AI code. Users who participate in the AI get daily credits for using the meme creation algorithm. This stimulates long-term investment while encouraging users to create new memes.
The presale for AiDoge is now underway and has already raised over $13.5 million in just four weeks. Investors need to hurry if they want to join the pre-sale – less than 10% of the pre-sale AI tokens remain available and the project could hold an ICO in the next few weeks.
Launchpad XYZ to drive mainstream Web3 adoption with Gateway
Launchpad XYZ is another cryptocurrency project that is quickly gaining investor attention.
The new protocol will act as a gateway platform for new Web3 users and crypto owners by providing a wide range of tools and access to help drive mass adoption.
The project, which has its own Web3 portfolio, will simplify web3 navigation by providing an easy gateway to various marketplaces, experiences, and protocols.
These include a decentralized exchange, an NFT marketplace, a play-to-money gaming hub, a metaverse library, a trading terminal, hashed assets, and whitelist points for the best new pre-crypto sells.
Launchpad XYZ, developed by an experienced and experienced group, is powered by LPX, which is a tool icon necessary to access all the different features on offer.
The Launchpad XYZ pre-sale has already raised over $600K, with LPX tokens currently on sale for $0.0445 during Phase 2 of 10, with the price increasing to $0.0565 in the final phase.
yPredict builds an AI-powered crypto trading platform with over 20,000 backers
yPredict is a new crypto project that uses artificial intelligence to help traders make more 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 cryptocurrency asset will be in hours, days, or weeks.
Template builders can share their models with traders on a subscription basis through the yPredict marketplace. yPredict takes a cut from each signup, and shares 10% of that revenue back to the traders who participate in its native YPRED token.
In addition to predictive models, yPredict builds a custom trading terminal loaded with other AI features. The platform will support automatic recognition of chart patterns, social sentiment analysis, trading from charts, and more.
YPRED, built on the Polygon Matic network, is available for purchase now through the yPredict presale. It’s currently $0.07, which is over 40% off the planned list price of $0.12.
The yPredict pre-render raised nearly $1.7 million and the project has over 20,000 users on its waiting list. The next price increase is only days away.
Ecoterra Leading Ecosystem Recycling Company Earning Over $4 Million
Ecoterra is a green crypto project that promotes sustainability with a unique reward system for recycling to earn.
The recycling system to earn revolves around the Web3 app from Ecoterra. Users scan the barcode of the packaging they want to recycle, and Ecoterra matches it against materials in its database.
Once users deposit recyclables into the reverse vending machine, Ecoterra issues ECOTERRA tokens as a reward.
Users can hold onto or exchange their ECOTERRA, but they can also use their ECOTERRA to purchase carbon credits. Ecoterra has partnered with solar and wind projects to offer certified carbon credits that can offset users’ emissions.
There’s a lot more to Ecoterra, including market report cards and corporate sustainability. The platform has the potential to become one of the major players in the green revolution.
Ecoterra is currently offering the ECOTERRA for pre-sale at just $0.0085, 15% off the expected listing price. The pre-bid has raised more than $4.25 million to date, 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 engagement with well-established companies like Upwork, Freelancer, and Fiverr.
This crypto project is building a decentralized freelance Web3 marketplace that offers lower fees and more powerful features than existing marketplaces. Deelance plans to charge just 2% for companies, the lowest fee in the industry.
One of Deelance’s innovations is to enable freelancers to get their money in crypto, thus eliminating costly foreign transaction fees. The platform is also creating a way to transfer intellectual property into NFTs, thus resolving questions about who owns which aspects of a contract business.
Deelance is also creating a metaverse where freelancers and businesses can meet. Metaverse will enable users to advertise their services, rent virtual office space, host meetings, and much more.
In order to rent space or advertising in the virtual world of Deelance, freelancers and businesses will need a DLANCE. This ERC-20 token is now on pre-sale at $0.033. The prequel has already raised over $1 million.
Deelance expects DLANCE to launch at $0.057, so early adopters have a chance to secure a paper yield of 72%.
Disclaimer: The above article is sponsored content, it was written by a third party and it is for promotional purposes only. It does not represent CryptoPotato’s views or opinions, and nothing in it should be construed as financial advice. Readers are strongly advised to check the information independently and carefully. Investing in cryptocurrencies involves risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the sponsored content above.
Readers are also advised to read CryptoPotato’s full disclaimer.
Binance Free $100 (Exclusive): Use this link to sign up and get $100 free and 10% off Binance Futures first month (conditions).
PrimeXBT Special Offer: Use this link to register and enter code CRYPTOPOTATO50 to receive up to $7,000 on your deposits.
