HiFi Finance Drops Hard After Yesterday's Surge. Are These Top-Performing Presales Worth a Wager?

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HiFi coin tumbled today after a 41% surge on July 10 even though it remains up almost 12% over the past week. But with the Moving Average Convergence/Divergence histogram recently crossing the zero line, signalling a bearish shift in market sentiment, it may be time to consider alternatives.

HiFi Finance is leading the way in the tokenization of major asset classes. This allows users to borrow against tokenized assets like real estate and stocks. Their lending protocol offers fixed-rate lending and borrowing for cryptocurrencies, addressing a crucial need in decentralized finance. HiFi Finance is also working on collateral support for non-fungible token (NFT) projects through their Pooled NFT ecosystem.

The tokenization of real-world assets presents immense opportunities for traditional financial institutions and the decentralized finance (DeFi) ecosystem. With a trillion-dollar market potential, HiFi Finance aims to capture this emerging sector and contribute to its growth.

HiFi Token: 4th in Daily Social Volume Growth

On July 10, the HiFi token secured the 4th position with 400% social volume growth in only one day, according to Cryptolaxy. Daily Social Volume represents the total number of social media mentions. This includes messages, posts, and metadata related to the HiFi token. This achievement highlights increased online discussions and interest surrounding the token.

Top-13 #gainers by Daily Social Volume growth#SocialVolume is the total number of social media messages, posts, and metadata from the internet that contain the given crypto project-related terms.$DGB $TROY $ADX $HIFI $ONT $ANT $CHESS $BPRO $TORN $SUSHI $SHA $CRO $UNI pic.twitter.com/7N8NHMxuja

— Cryptolaxy #StandWithUkraine (@Cryptolaxy) July 10, 2023

On the same day, the HiFi coin also secured 6^th rank in the Top 10 gainers over 7 days with a 47% gain.

📈 Top 10 gainers in the last 7D

1. $RLB – 67%
2. $TROY – 65%
3. $PNT – 54%
4. $LEASH – 54%
5. $PRO – 48%
6. $HIFI – 47%
7. $NOM – 36%
8. $MELD – 35%
9. $BONE – 31%
10. $FUN – 25% pic.twitter.com/t7qQ1Wyj2r

— Satoshi Club (@esatoshiclub) July 10, 2023

HiFi Price Analysis

The MACD histograms have recently crossed below the zero line, signaling a shift in market sentiment toward bearish pressure. Additionally, the Relative Strength Index (RSI) is hovering around the mid-level, indicating indecisiveness among market participants. The price level of $0.3544 is currently acting as a support level, preventing further losses for the pair.

However, if this support level is breached, it would likely result in a downward movement below the 50-day Exponential Moving Average (EMA). The subsequent support level lies at $0.3227, coinciding with the position of the 100-day EMA.

On the upside, any buying pressure would drive the prices toward the initial resistance level at $0.3799. HiFi prices would need to surpass and close above this resistance level to regain positive momentum. However, it appears unlikely that this will occur within the next few hours.

While we continue to monitor HiFi, three other coins show strong growth potential in 2023.

Promising Alternatives To HiFi

The following are promising alternatives worth considering while we continue to monitor HFI.

Ecoterra

Ecoterra, the blockchain ecosystem dedicated to user rewards and corporate action on climate change, has achieved a significant milestone by raising an impressive $6 million and counting. With just 1 and a half days remaining in its presale, the opportunity to participate is quickly coming to a close. Investors are encouraged to act swiftly and take advantage of the presale, as each purchase of $ECOTERRA tokens comes with an exclusive 10% bonus.

📣🌿 We have reached another milestone:

🎊 $6 MILLION RAISED AND COUNTING 🎊

Only 2 DAYS LEFT until the #Presale ends!

Don't hesitate, join the presale now and receive our ✨ 10% BONUS ✨ every time you purchase $ECOTERRA tokens ⬇️https://t.co/1fYkPOsPYG pic.twitter.com/lxUf26LrPr

— ecoterra (@ecoterraio) July 10, 2023

Recently, Ecoterra announced its upcoming listing on LBank. This listing will allow individuals and companies to engage in proactive measures against climate change while enjoying the benefits of Ecoterra’s reward system.

🌈 New #listing

⛵️ $ECOTERRA (Ecoterra) will be listed on LBank！@ecoterraio

Ecoterra is a blockchain ecosystem for user rewards and company action on climate change.

👉 Details: https://t.co/GNWgfKozUN pic.twitter.com/Gsbc1so93m

— LBank.com (@LBank_Exchange) July 11, 2023

Wall Street Memes

Wall Street Memes, a rising meme coin project, is capturing attention in the cryptocurrency space. With presales already surpassing $14 million, the project aims to establish itself as a major player. Wall Street Memes go beyond token accumulation by fostering a vibrant community. This draws inspiration from the Wall Street Bulls NFT collection and the Gamestop incident. Embracing memes and decentralized technology, the project empowers users and grants them control over the platform.

Wall Street Memes demonstrates the impact a community can have on a crypto project by boasting a massive following of over a million people. The project raised over $300,000 on its first day alone, indicating strong initial support. Thanks to its rapid growth and wide acceptance, the WSM token has garnered attention from crypto exchanges.

In addition to community support, the Wall Street Memes Project gives back by airdropping $50,000 to users. Currently, in its 21st phase, the WSM token is priced at $0.0313. There are only 11 hours left for this stage of presale to end. The presale continues until the end of the 30th phase, providing investors and traders with an ongoing opportunity to participate.

First up, Wall Street Memes. @wallstmemes

With a community of 1M+ on social media, their $WSM token has raised over $13M in 5 weeks.

Remember when they sold out an NFT collection in just 30 mins?

Expect the same for $WSM!

Presale ends in 1 day! pic.twitter.com/2FLVTNVoF2

— Pognone 🧱 (@Yurij_eth) July 10, 2023

Moreover, the project actively promotes decentralized finance (DeFi) and enhances liquidity. Through community engagement and awareness campaigns, Wall Street Memes aims to drive the adoption and understanding of DeFi principles.

Thug Life Token

Thug Life Token ($THUG) has gained significant traction in the crypto market, raising an impressive $983,200 in its presale. This was within two weeks. With only five days left, the presale is trending towards a sellout, fueling speculation that Thug Life could become the next 100x meme coin sensation. The project has garnered attention through its unique branding, capitalizing on the cultural association of the “Thug Life” meme and renowned rappers like Snoop Dogg.

Here's a glimpse at @thug_life_token – a viral sensation that could be the next $PEPE.

Enter at a low $0.0007 per token now via an open presale set to close July 17. $THUG has a total token supply of 4.2 billion – 70% for sale.

They have already collected more than $ 800 K. pic.twitter.com/dZH9Mx1HD6

— Pognone 🧱 (@Yurij_eth) July 10, 2023

Thousands of followers have flocked to the official Thug Life Twitter page, demonstrating the growing interest in the project. The development team has committed $200,000 worth of Ethereum (ETH) to the liquidity pool at the token’s DEX launch to establish a solid foundation, emphasizing price stability and investor confidence.

The team plans to lock liquidity for three months post-market debut, further solidifying their commitment to long-term success. Crypto influencers, including Michael Wrubel, have recognized Thug Life’s potential, with its presale phase further affirming investor confidence. During the presale, investors can purchase $THUG for just $0.0007 using $ETH or $USDT, with no investment threshold limitations.