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Crypto investors are usually skeptical of their buy and sell choices due to the volatile nature of the market. This time, government authorities‘ attack on major exchange firms in the industry brought the bears on the market.
Major exchanges were charged for violating regulations on specific tokens, creating fear among investors and forcing massive sales to avoid asset freeze.
Since then, major coins like Bitcoin and Ethereum have fluctuated, with their prices experiencing a significant decline on some days. However, with Bitcoin surging progressively in the last 7days, other currencies instantly added to their price values.
Today, the top crypto gainers include PEPE, Conflux, Stacks, Shiba Inu, Mina, and Cardano. A few presale coins are also on the list for observation, showing high potential to do well.
Pepecoin (PEPE)
PEPE is a cryptocurrency based on a famous internet meme, Pepe the Frog. The coin is a unique digital asset on the ETH blockchain that follows a deflationary system.
In the first quarter of the year, between April and early May, PEPE reached a market cap of $1.6 billion, a peak since the coin’s launch. The increase attracted more investors to the project and offered massive gains for those who took advantage.
The memecoin followed the path of its predecessors, like Doge and Shiba Inu, to position for the dawn of a crypto market revolution. Although it is uncertain how far meme-coins will eventually spike, many individuals following the community are optimistic.
PEPEs have gained more in the 24 hours than in two weeks. The memecoin is trading at $0.00000148, experiencing a 36.67% increase in the last 24 hours. It is also on a 327.52% high trading volume, accruing over $922,700.
PEPE on Bullish Trend Amid Price Fluctuations
PEPE is trading above its 50-Day and 200-Day Simple Moving Average (SMA), indicating a short and long-term bullish market. This means PEPE has a short and long period of green days in the crypto market.
Also, its Relative Strength Index (RSI) is at 58.44, showing PEPE’s neutral market position between the oversold zone (below 30) and overbought zone (above 70).
Meanwhile, the downward pattern of the RSI suggests a potential trend reversal in the long run if SELL trades in PEPE’s market surpass the BUY trades.
Moreover, the Moving Average Convergence/Divergence (MACD) is above the signal line with a downward movement. As such, PEPE could face several price fluctuations amid its bullish market before the end of its trade.
LaunchPad XYZ ($LPX)
Launchpad XYZ is a modern and unique Web-3 platform that offers comprehensive training and extensive resources to benefit traders and investors.
Launchpad XYZ empowers its users to make informed decisions, minimize losses, and maximize profitability by providing valuable market insights, real-time information, and advanced trading tools.
The platform features a state-of-the-art trading terminal that allows users to navigate the volatile price fluctuations of the crypto market easily.
With a live market feed displaying real-time information on various crypto assets, traders gain valuable insights into market trends. This ensures that they stay up-to-date and make well-informed trading decisions, enhancing their chances of success.
Launchpad XYZ identifies projects with significant potential through its forecasts and insights, giving investors a competitive edge. Hence, users can explore new opportunities and capitalize on emerging trends by staying ahead of the curve.
$LPX, the utility token of Launchpad XYZ, holds promising prospects for investors. With the presale already surpassing $1 million out of a possible $1.5 million, early investors can take advantage of the growth potential of $LPX.
Currently valued at $0.0445 per token, the price is set to increase to $0.046 in the next presale stage. Once officially listed on the market, LPX is projected to trade at $0.0565.
Early investors in LPX can anticipate a guaranteed return on investment of 26.96% when the token is listed on exchanges. The project offers the flexibility to purchase LPX directly or swap with popular cryptocurrencies like ETH, BNB, or USDT.
Conflux (CFX)
Conflux (CFX) is a public layer-1 blockchain that aims to revolutionize decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure. By leveraging improved scalability, decentralization, and security, Conflux offers a superior alternative to existing protocols.
The project simplifies asset transfers by ensuring quick and efficient transactions while minimizing network congestion and transaction costs. This enhances the overall user experience and facilitates seamless interaction within the blockchain ecosystem.
Conflux adopts the Tree-Graph consensus mechanism, which combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve consensus. This unique approach ensures a high level of agreement and robustness within the network.
A primary perk of Conflux is its ability to support Turing-complete smart contracts written in Solidity, the same language utilized in Ethereum.
It also seamlessly integrates with the Ethereum Virtual Machine (EVM), allowing developers to leverage their existing knowledge and resources.
The growth of Conflux is driven by its native token, CFX. Over the past two weeks, CFX has shown notable gains. On June 16, the price experienced a significant surge, increasing from $0.1884 to $0.1919.
However, the price declined to $0.1868 the next day and fluctuated until June 20, when it reached $0.1929. Currently trading at $0.2541, the CFX token has experienced a progressive growth of 15.43% in the last 24 hours.
The trading volume cap has also increased from yesterday’s $205 million to approximately $305 million at the time of writing. This shows serious traffic in the coin’s market, and a future increase from the current 28.51% upward trend in volume cap is expected.
CFX Projects Strong Bullish Signals in Short and Long-Term
CFX has its Moving Average Convergence/Divergence (MACD) above the signal line, representing the current bullish momentum of the crypto. Also, considering the bold green bar on the histogram, CFX will likely see more price rallies before the trade closes.
Furthermore, the Relative Strength Index (RSI) is at 59.66, indicating the neutral market position of CFX as it sits between the oversold (below 30) and overbought zone (above 70).
The RSI pointing upwards indicates an increasing number of BUY activities in the market, suggesting CFX to become overvalued in the nearest future.
Meanwhile, since CFX is trading a few pips below its 50-Day Simple Moving Average (SMA), its price will likely fluctuate quickly. Nevertheless, the crypto is still trading above its 200-Day SMA, which means CFX is prone to see more green days during its trades.
Shiba INU (SHIB)
Shiba Inu is a cryptocurrency project inspired by the Shiba Inu dog breed, popularly known as the “dogecoin killer.” It aims to create a decentralized community and ecosystem focusing on fun, community building, and philanthropy.
Shiba Inu gained significant attention in cryptocurrency due to its mascot, which resembles the Shiba Inu dog, similar to the Dogecoin meme.
The crypto has gained popularity for its vibrant and active community, often referred to as the “ShibArmy.” The project has embraced meme culture and has gained attention through its playful and humorous marketing strategies.
As an extension to its active community, the project also pledges a portion of its total supply to important causes. One notable initiative is the creation of the “Shiba Rescue Fund” to support animal rescue organizations and shelters.
ShibaSwap is a decentralized exchange (DEX) platform launched by the Shiba Inu project. It allows users to trade various cryptocurrencies, including SHIB and provides opportunities to earn rewards through liquidity provision and staking.
SHIB token is the native cryptocurrency of the Shiba Inu project. It operates on the Ethereum blockchain and is an ERC-20 token.
SHIB token holders can participate in the ShibaSwap decentralized exchange and engage in community-driven initiatives within the Japanese-based ecosystem.
It is worth noting that the total supply of SHIB tokens is in quadrillions, making it a highly inflationary token. The supply includes a significant amount held in reserves and liquidity pools to ensure liquidity and stability for trading.
SHIB token holders can also stake their tokens to earn rewards. The token burn rate is currently increasing, sparking a worldwide market surge.
At the time of writing, SHIB is trading at $0.000007834, a 5.64% increase in the last 24 hours. Its trading volume is up by 183.96%, with over $350 million in traffic garnered.
SHIB Projects Bullish Trends Amid Price Weakness
Shiba Inu is currently on a bullish trend despite its price weakness on the inverted 50/200 Day SMA.
SHIB is trading below its 50-Day and 200-Day Simple Moving Averages (SMA), indicating a short and long-term bearish trend that could cause the crypto to fluctuate in the long run.
Meanwhile, SHIB’s Moving Average Convergence/Divergence (MACD) above the signal line indicates its present bullish price, while the bold green bar on the histogram suggests prevalent price rallies before the day ends.
The Relative Strength Index (RSI) is at 54.81, a neutral market position for SHIB as it sits between 30 (oversold) and 70 (overbought). Considering the increasing buy trades and the upward RSI pattern, SHIB could become overvalued.
Cardano (ADA)
Cardano is a popular cryptocurrency and blockchain platform that provides secure and scalable infrastructures for developing decentralized applications (dApps) and smart contracts.
It was created by Input Output Hong Kong (IOHK), a blockchain research and development company led by Charles Hoskinson, a co-founder of Ethereum.
Cardono refers to a 16th-century polymath from Italy, Gerolamo Cardono, while its token (ADA) is traced to the Mathematician Ada Lovelace.
Cardano utilizes a unique consensus mechanism called Ouroboros based on a Proof-of-Stake (PoS) algorithm. This mechanism affects security and upholds high integrity on the part of its token holders.
One key feature of the Cardano platform is facilitating cross-networking between blockchains. Cross-Chain communication (CCX) protocol was created to achieve this interoperability feature.
Cardano supports the development and execution of smart contracts using Plutus, a programming language based on Haskell. It also employs a unique architectural design that separates the token’s transactional layer from the computation layer used in smart contracts.
$ADA is the designated token of the Cardano platform. It serves as a utility token, including staking, transaction fees, and participating in the platform’s governance.
Currently, the token is trading at $0.2919, with the green level up to about 1.59% in the last 24 hours. The market cap volume has also increased by 6.85%, recording trades of over $370,000.
ADA Set for Bullish Despite Price Weakness
Cardano’s Moving Average Convergence/Divergence (MACD) indicator is above the signal line, a short-term bullish signal. Also, considering the bold green bar on the histogram, Cardano’s ADA is set for potential price rallies during its trade.
Its Relative Strength Index (RSI) is at 43.71, representing a neutral market position between the oversold (below 30) and overbought zone (above 70).
The RSI is pointing upwards, and if ADA sees more BUY trades, it could enter the overbought zone (above 70), suggesting a bullish run for the crypto. If not, a trend reversal is prone to occur if the RSI drops below 30 (oversold).
ADA is trading below its 50-Day and 200-Day Simple Moving Average (SMA), which signifies a short and long-term bearish market, suggesting potential price consolidation for the crypto. As such, ADA could stagnate within the $0.29 level for a longer period.
Nevertheless, the crypto is making a green candlestick on the chart, representing its bullish momentum. Thus, ADA will likely touch new prices above the $0.29 level in the long run.
Wall Street Memes (WSM)
Wall Street Memes (WSM) is a unique memecoin project that embraces the idea that seemingly worthless meme coins can yield substantial returns on investment.
With a growing interest in memecoin projects, the creation of the $WSM token has gained traction in the cryptocurrency community.
As the market experiences uncertainty, diversifying investments has become crucial to capitalize on potential price surges, helping projects like WSM gain attention. Living up to their expectations, this community-oriented token allows users to trade memes while earning rewards.
Interestingly, regulatory pressure on alternative coins seems to favor the rally of meme coins. As such, investors in the project have high hopes that holding WSM tokens will eventually lead to significant wealth accumulation.
However, the project’s utility remains essential when evaluating the potential success of WSM and similar projects. Investors should assess meme coins’ long-term viability and real-world applications to make informed investment decisions.
Each $WSM token is currently valued at $0.0298, reflecting the market’s perception of its potential. The next stage price, slated at $0.0301, would commence in 21 hours.
The presale stage has already raised over $9.3 million out of a projected $10 million, indicating a strong belief in the token’s future success.
This substantial amount highlights the increasing interest and confidence in WSM among investors. Wall Street Memes actively engages with its community through initiatives like the Wall Street Memes Airdrop.
The airdrop aims to reward participants who complete specific tasks by distributing $50,000 worth of $WSM tokens to five lucky winners.
Each winner will receive $10,000 worth of $WSM tokens. To qualify, participants must follow WSM’s social media accounts, purchase $WSM tokens, provide proof of purchase, and complete designated tasks.
Deelance ($DLANCE)
Deelance is an innovative web3-incorporated platform that aims to create a collaborative space for freelancers and employers.
By providing a decentralized work environment with seamless data processing and reduced fees, Deelance seeks to enhance productivity and transparency in the freelance industry.
Deelance envisions the development of three key components within its ecosystem. The first is a freelance recruitment platform, connecting freelancers with employers in a streamlined manner.
The second is an NFT marketplace where assets can be exchanged, providing additional opportunities for value creation. Lastly, Deelance aims to establish a presence in the Metaverse, leveraging the potential of virtual environments for remote work and collaboration.
One of the significant advantages of the Deelance project is its emphasis on transparency. Deelance aims to ensure transaction transparency and solidify freelancer ownership rights through smart contracts.
This feature provides a level playing field and boosts trust within the platform. Additionally, Deelance promises fast and secure payments, leading to the creation of its native token, $DLANCE.
The $DLANCE token has been launched on presale and has shown promising results. Within a few days of its presale launch, Deelance raised $1 million. On June 8, 2023, it was announced that sales had surpassed the $1.3 million milestone.
The token is currently priced at $0.038 on presale, generating significant interest from investors and surpassing the benchmark figure of $1.7 million.
The next presale stage is in 24 hours, and the coin would sell for $0.043. So, early investors are advised to take advantage of the current market value. From the official website, the listing price for $DLANCE is $0.057, offering current token holders an optimistic outlook.
Deelance is currently in the second quarter of its 2023 roadmap, with plans to list on prominent platforms such as CoinmarketCap and CoinGecko, and other decentralized exchanges. Looking ahead, Deelance aims to release a freelance beta version and launch the NFT marketplace in Q4.
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