Best Crypto to Buy Now 12 June – Polygon, Aptos, ApeCoin
The regulation of the financial markets in the United States could undergo a significant shift in the coming days as Republican congressmen propose a radical alteration of the Securities and Exchange Commission's (SEC) governance structure through the "SEC Stabilization Act."
This act seeks to remove the current SEC chairman, Gary Gensler, and dissolve the chairperson's role altogether, with Warren Davidson and House Majority Whip Tom Emmer leading the charge to fundamentally redefine the SEC's constitution.
Given the potential changes in the macroeconomic backdrop, how might these affect which are the best cryptos to buy now?
The bill suggests the institution of six commissioners, whose remit will encompass all areas of rulemaking, enforcement, and investigation.
In tandem, the role of an executive director is proposed to oversee the daily operations.
This reimagined SEC will bid farewell to a single leader and will promote a shared authority that prevents any political group from occupying more than three seats on the commission.
Emmer emphasizes that this shift will promote "clear and consistent oversight" rather than falling prey to "political gamesmanship."
His sentiments, along with Davidson's, found resonance online, where their proposal trended with considerable engagement from the public.
The introduction of this bill reflects the heightened contention between the cryptocurrency sector and the SEC.
Tensions peaked recently with the SEC's dual lawsuits against the prominent digital asset exchanges, Coinbase and Binance.
The lawsuits extended to categorize tokens with market capitalizations exceeding $5 billion, like SOL, MATIC, and ADA, as securities.
Looking into the future of the legislative proposition, its implications could signify a turning point for the Securities and Exchange Commission (SEC) and the wider financial market in the United States.
If the bill is enacted, it has the potential to significantly alter the governance of financial markets, ushering in a new era of decentralized leadership and, potentially, stability.
Given these potential changes, cryptocurrencies such as WSM, MATIC, ECOTERRA, APTOS, YPRED, APT, and LPX are some of the best cryptos to buy now because they possess strong fundamentals and/or favorable technical analysis.
Meme Magic on Wall Street: One of the Best Crypto to Buy Now
The crypto market is constantly evolving, and meme coins have been making a splash in recent times. Amid the hype, Wall Street Memes (WSM) stands out as one of the best cryptos to buy, attracting the attention of investors and traders alike.
Due to the recent crypto downturn, investors are shifting their focus from top meme coins like Dogecoin to Wall Street Memes tokens. The project has already raised over $6.4 million in its ongoing presale, signaling a promising start for this new meme coin.
WSM's growing popularity raises questions about its future potential. The project's presale has caught the eye of crypto enthusiasts eager to snap up $WSM tokens before their value skyrockets.
To accommodate the influx of investors, Wall Street Memes has divided its presale event into 30 stages, with each stage offering tokens at incrementally higher prices. This strategic approach rewards early adopters, who stand to profit significantly when WSM tokens list on top-tier exchanges.
The presale event has generated an impressive $6.4 million in funding within just two weeks, drawing global investors and traders to the rapidly expanding Wall Street Memes community, which now boasts over a million members. This growth has led crypto experts to see Wall Street Memes as a strong contender for the next Dogecoin.
The early community growth can be traced back to the Wall St Bulls NFT collection, created by the same team behind Wall Street Memes. The NFT collection sold out within 30 minutes, drawing thousands of users to the Wall Street community.
Wall Street Memes has also gained traction on various social media platforms, including a Telegram channel with a massive influx of new members and an Instagram page with over 500,000 followers. With such a large community, Wall Street Memes has the potential to reshape the financial world using its WSM tokens.
One notable figure who has taken notice of Wall Street Memes is none other than Elon Musk. The Tesla CEO and meme culture icon has engaged with the Wall Street Memes community on Twitter, sparking speculation about the WSM token's future once it lists on top-tier exchanges.
Wall Street Memes distinguishes itself from other projects with its community-driven tokenomics. The entire supply of 2 billion WSM tokens is available for investors, with no allocations for team members or private sales.
Crypto analysts are also excited about the potential for a Binance listing, which could propel WSM tokens to grow by at least 10X.
Polygon's upcoming project, Polygon 2.0, has generated significant interest, despite limited information being released so far.
Polygon is striving to establish itself as the "value layer" of the internet, a goal that is also pursued by Ethereum.
Polygon has announced that it will release additional information about its upcoming project in the following months.
This information will include details regarding the future of the Polygon PoS chain, the development of the Polygon token, and an increased focus on community control.
Polygon's international roots have influenced the development of Polygon 2.0, despite the recent fall of its token, MATIC, following legal action against Coinbase and Binance.
Polygon has always prioritized decentralization and transparency, relying on the support of a global community.
Previously known as the Matic Network, Polygon has gone through multiple funding rounds, including a $5.6 million token sale in 2019 and a private token sale of $450 million.
Despite involvement from US investors, Polygon never directly targeted the US during fundraising.
The developers of Polygon 2.0 envision it as a network of ZK-powered L2 chains that will offer a smooth user experience.
While the community will have a say in its acceptance and implementation, Polygon Labs will retain a significant degree of influence.
Polygon is currently trading at $0.6428 with a gain of 1.26% so far today. Polygon is currently trading above the significant support level of $0.6066 to $0.6327. Meanwhile, Polygon's immediate resistance lies at the 20-day EMA at $0.7952.
EcoTerra's R2E: A Green Solution for the Best Crypto to Buy Now
Ecoterra, an upcoming web3 Recycle-to-Earn (R2E) platform, is making significant progress in its product development roadmap as its native $ECOTERRA token presale surpasses the $5 million mark.
The green crypto project is preparing to accept beta user applications for its highly anticipated R2E application, compatible with Reverse Vending Machines (RVMs) in various countries, offering a vast potential market.
Ecoterra users can access the R2E application on desktop and mobile devices, with the company providing glimpses of its sleek design for intuitive navigation and user experience.
The alpha version of the R2E application is expected to launch by the end of the year, allowing users to create profiles and test a demo version.
Ecoterra has been actively integrating major beverage brands, such as Coca-Cola, Carlsberg, and Evian, into its ecosystem.
Users will be able to scan and recycle bottles from these and other brands through RVMs and earn cryptocurrency rewards.
The project's Whitepaper highlights Ecoterra's goal of building an all-in-one $ECOTERRA-powered web3 ecosystem that promotes recycling, facilitates trade in recycled materials, and encourages carbon footprint offsetting.
Green web3 projects like Ecoterra are predicted to play a vital role in addressing climate change as crypto adoption increases.
The ongoing crypto presale for Ecoterra has been successful in funding the platform's development. The upcoming demo R2E app launch is expected to boost the presale's momentum. $ECOTERRA, an ERC-20 crypto token, is currently priced at $0.00925 each. However, when the presale reaches $5.7 million, the price will increase 8% to $0.01.
The presale will end at $6.7 million, or in 16 days, whichever comes first.
Ecoterra seeks to leverage blockchain technology to promote eco-friendly behaviors. Their platform rewards users with $ECOTERRA tokens for recycling, offers a carbon offset marketplace, and features a recycled materials marketplace for businesses.
The blockchain's transparency will allow users to track their environmental impact through an Impact Trackable Profile.
$ECOTERRA has built-in utility, functioning as the platform's primary medium of exchange while granting holders VIP access to events, educational programs, and more.
The development team plans to introduce a staking protocol, allowing investors to generate passive income from their token holdings.
Aptos (APT) has recently seen a considerable amount of attention from traders, and is currently undergoing some interesting technical changes.
Taking a glance at Aptos' EMA, there's a noticeable downward trend. The 20-day EMA is at $7.767, below the 50-day EMA at $8.702, and further below the 100-day EMA at $9.450.
This trend typically indicates bearish momentum, as the more recent prices are lower than those in the past. In short, investors have been less willing to pay high prices for Aptos recently.
However, there is a glimmer of hope for bullish traders. The RSI has risen to 28.49 from yesterday's 27.95.
While this is still in the oversold territory (below 30), it indicates a slight increase in buying pressure which, if sustained, could trigger a bullish reversal.
The MACD histogram shows a negative value of -0.2188, marginally worse than yesterday's -0.2082. This suggests that bearish momentum might still be dominating the market.
The current price of Aptos at $6.2706, which is up by 0.42% so far today, suggests that some buyers are stepping in.
Aptos is now moving toward the resistance level formed by the confluence of the 20-day EMA and a horizontal resistance zone between $7.733 to $7.969.
A break above this level could validate a bullish reversal and bring more buyers to the table.
If Aptos fails to break this resistance, it may retest the immediate horizontal support level of $4.9635 to $5.3029.
Should this happen, bearish traders might have an opportunity to capitalize on a further price decline.
While the downward trend in EMAs and negative MACD suggests bearish sentiment in the market, the increasing RSI and today's price uptick might signal an imminent change.
Traders are advised to monitor these indicators closely, as well as the resistance and support levels, to make an informed decision about their next move in trading Aptos.
yPredict: A Futuristic Trading App and One of the Best Crypto to Buy Now
Artificial Intelligence (AI) is having a massive impact on the cryptocurrency market, and yPredict, an AI-driven trading prediction app, is drawing considerable attention from investors. This powerful tool stands out as one of the best crypto to buy now, offering unique advantages in an increasingly volatile market.
yPredict offers an affordable AI-powered toolkit for traders, making pattern recognition and prediction accessible to everyone.
The app's advanced features assist traders in identifying market trends and making informed decisions, even for those with minimal experience.
As the cryptocurrency market becomes more volatile, having a tool like yPredict is necessary for navigating the complex terrain.
yPredict's native token, YPRED, powers all transactions and serves as an entry ticket into the app's ecosystem.
Token holders gain access to yPredict's advanced tools, giving them an edge over competitors and helping them stay profitable.
yPredict's presale has been highly successful, raising more than $2.2 million and becoming one of the most notable presales since the start of the year.
The token's price is set to increase as the presale progresses, with the official launch price set at $0.12.
A sense of urgency is driving investors to buy YPRED early, ensuring they maximize their profits. Those who act quickly can still purchase YPRED at its current price of $0.09.
yPredict's ecosystem comprises several advanced features, making it an indispensable tool for market research.
AI signals provide real-time data, interpreted by powerful AI algorithms, while advanced sentiment analysis enables users to understand the market's response to various factors.
Technical analysis of chosen tokens helps users understand the significance of technical indicators, influencing their trading decisions.
Additionally, yPredict offers access to over 25 chart recognition patterns, allowing users to identify trends before they happen.
YPRED offers several benefits compared to other cryptocurrencies.
As the currency of the yPredict ecosystem, the Polygon-based token is used for all transactions within the yPredict Marketplace. Token holders gain access to the platform's advanced AI analyses.
Finally, YPRED holders receive 10% of all yPredict subscriptions, creating a passive income stream and encouraging long-term holding.
With a total supply of only 100 million tokens, YPRED has built-in anti-inflation measures that provide stability and long-term sustainability, making it an attractive investment in a volatile market.
ApeCoin (APE) continues to stagger under pressure, succumbing to the persistent bearish climate that has dragged the token below the Fib 0.236 level at $2.325, a significant 4.54% decline within the day.
Based on the provided technical indicators, APE's bearish momentum is undeniably strong. One of the most pertinent indicators of this trend is the token's trading price, which remains stubbornly below the 20-day EMA ($2.922), 50-day EMA ($3.316), and 100-day EMA ($3.718).
In simple terms, this means that APE is trading under its average price over the past 20, 50, and 100 days.
As these EMAs serve as dynamic resistance levels, the further the current price deviates from these EMAs, the more it signifies the dominance of the bears.
Adding to this, the MACD histogram, which is typically used to identify potential buy and sell points, stands at -0.077 from -0.067.
This negative MACD value indicates a bearish trend, suggesting the bears are currently in control of the market.
The RSI currently sits at 27.41, down from yesterday's 29.11. Generally, an RSI below 30 is considered oversold, which might indicate a potential reversal point.
However, traders should tread with caution, as the RSI can remain at these extreme levels for some time in a strongly trending market. If ApeCoin fails to muster a rally and closes below the Fib -0.236 level, traders should brace for this level to morph into an immediate resistance.
On the downside, the immediate support to keep an eye on lies at the extended Fib - 0.382 level at $2.038.
All-In-One Web3 Hub: A Fresh Approach to Blockchain Accessibility
The future of finance lies in cryptocurrency, and Launchpad XYZ is constructing the gateway to this digital realm.
The platform is designed to offer educational tools, market insights, and access to promising web3 projects, such as NFTs and the metaverse.
The goal is to house everything needed for navigating the crypto space in one user-friendly location.
In a matter of weeks, Launchpad XYZ has already raised over $953,000, highlighting the platform's potential for simplifying the process of accessing and investing in digital assets.
Launchpad XYZ envisions a comprehensive web3 platform aimed at making the web3 ecosystem more approachable.
The platform intends to serve as a well-designed portal, granting uncomplicated access to high-quality projects in the blockchain sector and facilitating the self-custody of any crypto assets users possess.
With a focus on a variety of cryptocurrency assets, the platform hopes to deliver an unbiased overview of web3 offerings.
Everything from Non-Fungible Tokens (NFTs) to play-to-earn games falls within Launchpad XYZ's scope.
Launchpad XYZ is drawing attention as one of the best crypto to buy now, thanks to its ambitious goal of providing users with the tools needed to identify the next 100x web3 asset.
The platform plans to incorporate presale analysis, adding a layer of security and simplifying users' crypto journeys.
Additionally, the platform XYZ will include an educational "Alpha" section, designed to clarify factors that impact the potential to generate a yield from web3, making it easier for novices to enter the cryptocurrency market.
For experienced traders and investors, the platform will offer a newsletter, Trading Edge, aiming to provide superior market insights.
The economic model of Launchpad XYZ will be supported by the future $LPX token.
Token holders who stake a minimum of 10,000 tokens will gain access to various benefits, including fee discounts, partner discounts, presale access, and more.
This strategy is meant to encourage long-term token holding and potentially reduce sell pressure when the token is listed on major exchanges.
With the main platform features set to launch in the third quarter of 2023, Launchpad XYZ could see significant user adoption, leading to increased demand for the $LPX token.
Market analysts are optimistic about the token's potential, with a maximum supply of one billion and a fully diluted market capitalization of $70 million.
According to the company's projections, if $LPX can achieve a market cap of $10 billion by 2025, investors could potentially realize significant gains from its listing price of $0.0565.
With its diversified range of services and enticing vision for the web3 ecosystem, Launchpad XYZ and its native $LPX token are making a bold entrance into the crypto presale scene.