Image by Farid Mindalano / Playground AI
After experiencing a remarkable 4.49% increase yesterday, Bitcoin (BTC) is currently trading at $27,665, down 1.48% on the previous day.
According to a recent report by crypto analytics firm Glassnode, on-chain data suggests that bitcoin may soon break $28,000.
In the past 24 hours, bitcoin reached $28,462.73 but volatility has prevented it from staying above $28,000.
As the crypto market holds its breath for Bitcoin’s next major move, which crypto will deliver 1,000% gains in 2023?
Glassnode identifies metrics to watch such as short term holder’s realized profit/loss, recently 1.0 and now 2.6.
The report states that the trajectory of bitcoin depends on long-term supply trends. Long-term holders usually buy bitcoin, although occasionally short.
With the equilibrium now highly stretched, there is potential for higher investment in the medium to long term.
Bitcoin’s ability to sustain a rally depends on global events. Interest rate increases in the US, UK and EU have been stable in correlation with stocks.
Similar investor strategies for stocks and crypto often mean similar market behavior. Toward the $28,000 support and a strong rally, bitcoin needs to break free from stocks to move higher.
Bitcoin Getting to the $28,000 mark depends on the ability to overcome significant hurdles, including interest rate hikes and correlations with traditional stock markets.
If it can build its momentum independent of external factors affecting investor sentiment, the leading digital currency will be well positioned to establish $28,000 as a new support level.
While short-term corrections are inevitable, bitcoin’s long-term outlook remains extremely bullish, especially as institutional interest builds and mainstream adoption increases.
Whatever happens with bitcoin, however, the fact remains that the dominant cryptocurrency has already seen most of its gains, while other select cryptocurrencies still have the potential for exponential growth. Cryptocurrencies like WSM and ECOTERRA have the potential to grow by over 1000% in 2023.
Wall Street memes and the potential of meme coins and NFTs spread virally
The cryptocurrency market is always full of surprises, and the impressive launch of the Wall Street Memes ($WSM) token on May 26th was one of the most recent. Its value has already surpassed its initial coin offering price due to strong demand.
Within minutes of announcing the pre-sale launch, the project managed to sell $100,000 worth of $WSM tokens and has raised over $1 million to date.
The Wall Street memes team previously made a significant profit last year by creating and selling 10,000 limited edition non-fungible tokens (NFTs) in under an hour.
Their established social media with over 1 million users helped facilitate quick sales, demonstrating the power of community connections in crypto.
The goal of developing the $WSM token is for it to rise above Dogecoin, Shiba Inu and all other meme coins, thereby solidifying its position as the leading community-driven cryptocurrency.
They believe that their widespread reach and engagement in finance and investment circles will propel the $WSM token to mainstream popularity and success.
Having already proven its ability to leverage social connections for financial gain with the launch of its 2021 NFT collection, the Wall Street Memes team is confident in the potential of $WSM.
They expect the token to be listed on top cryptocurrency exchanges such as binanceWhere it will get more visibility and interest.
The Wall Street Memes Project originated from the “meme stock craze” in early 2021, where groups of retail investors coordinated to drive up stock prices, squeezing hedge funds and shorting stocks.
The movement demonstrated the power of decentralized individuals united by a common goal. Creators now aspires to infuse that ethos into the crypto space through the $WSM token.
The team describes Wall Street memes as “tokenizing a movement” of individuals empowering themselves financially.
They believe that buying $WSM tokens is a way for people to symbolically push back against institutions and governments that typically favor the interests of whales and wall Street The elite over everyday individuals.
The team sees cryptocurrency as a means to democratize finance and open up opportunities to a wide range of participants.
While hype and buzz words commonly used to promote digital assets are conspicuously absent from the team’s messaging, their vision and project objectives.
In line with their goal of empowering individuals, 100% of the $WSM token supply is allocated to the community. The team has not reserved any part of the token for itself.
Half of the supply is available for purchase in the pre-sale, 30% will be distributed as rewards to token holders, and 10% will provide liquidity on each of the centralized and decentralized exchanges.
Green Web3 Project Ecoterra Engages Big Brands, Raises $4.35M
To tackle the global waste problem through technology, green cryptocurrency project Ecoterra has built on its sustainability mission by including the beverage giant in its recycling rewards system.
Coca-Cola, Carlsberg, Evian and other brands have been added to Ecoterra’s scannable products database, so people can earn crypto for scanning and recycling their bottles.
The upgrade shows how the Web3 project and corporate brands can work together to benefit the environment.
The new brand integration significantly strengthens the existing framework of Ecotera, which promotes eco-friendly behavior through its recycle-to-earn model.
The project will facilitate recycling, allow offsetting of carbon footprints, and track environmental impact using blockchain technology.
Ecoterra’s progress and promising vision has resonated with the crypto community. Its ongoing token pre-sale has raised over $4.45 million to date, showing support for Web3 projects focused on sustainability and climate change solutions.
With its low pre-sale token price of $0.0085 and plans to list on major exchanges later this year at $0.01, interested participants have the opportunity to make significant profits if the project fulfills its potential.
Ecoterra finds allies in environmentally conscious users and businesses that are working to demonstrate ecological responsibility.
The initiative makes it possible to track and offset the environmental impacts of individuals and corporations.
Their much-anticipated impact trackable profiles promise to attract more sustainably operated companies by providing visibility into green initiatives and potentially building consumer confidence.
The $ECOTERRA token powers the Ecoterra platform, giving it built-in utility. A future staking program will allow token holders to earn rewards, adding more usage than expected market valuation growth.
The total supply of ECOTERRA is limited at 2 billion, with half available in pre-sale. The project allocated 20% for platform liquidity, 10% for listing and marketing, and 5% for team members – significantly less than many crypto presale projects.
The restricted allocation of the team drives long-term thinking, focusing on $ECOTERRA value growth through platform development and adoption rather than short-term hype.
With the promise of positively impacting the planet, driving recycling, and allowing environmental footprint tracking, Ecoterra is an interesting project that demonstrates a potential intersection of cryptocurrency and climate-focused technology.
Looking Ahead: Memes, DeFi, Green Coin and the Year of Impact
While bitcoin seeks to establish $28,000 as a new support level, the broader crypto market offers emerging opportunities.
projects like wall street memes And Ecoterra demonstrates the potential for substantial returns and real-world impact.
With a vision of using blockchain to empower individuals and tackle environmental challenges, these Web3 initiatives could grow by over 1000% in 2023 if they achieve mainstream adoption and success.
Wall Street memes and Ecotera are exploiting them Social Networks And brand collaborations seek to share their vision widely, ultimately achieving significant benefits for those who support them in their early stages.
