Crypto Prices Rising Again After Regulatory FUD: Bitcoin, Ethereum & Meme Coins Bounce After Escaping SEC Wrath
Despite a new round of regulatory FUD (fear, uncertainty and doubt) from the US Securities and Exchange Commission (SEC) in wake of their just-announced lawsuit against Coinbase, crypto prices are rising again.
Bitcoin (BTC), Ether (ETH) and a number of meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) were all trading in the green on Tuesday.
BTC was last in the $26,000, ETH in the $1,840 area, DOGE just under $0.07 and SHIB near $0.000008, all sharply up from Monday’s lows.
In the two SEC lawsuits announced this week against Binance and Coinbase, the regulatory agency has accused a number of cryptocurrencies of being unregistered securities, including major blue-chip names like BNB, BUSD, Cardano (ADA), Solana (SOL), Cosmos (ATOM) and many more.
Whilst these cryptocurrencies remain subdued on Tuesday, the above-mentioned cryptocurrencies like BTC, ETH, SHIB and DOGE all escaped the SEC’s wrath.
If the SEC doesn’t deem these cryptocurrencies as securities, then there is limited risk that US-based crypto exchanges will be forced to de-list them.
In that sense, these cryptocurrencies may be acting as something of a safe haven against regulatory FUD right now, with investors moving out of coins that might be deemed a security and face high regulations, into coins that don’t face this risk.
The SEC’s regulatory FUD may still weigh on the Bitcoin and Ether price, given that it sends a chill across the US crypto sector, stymying investment and development and slowing progress toward crypto adoption (in the US at least).
But the coins that escaped the SEC’s wrath may well outperform those at risk of being labeled a security for the foreseeable future.
With all of the above being said, investors looking to invest in crypto presales – a high-risk strategy, but with a proven track record of producing the best short-term gains – might want to check out those that are selling a token listed on the Ethereum blockchain, given it looks like it is going to face less near-term regulatory scrutiny.
Here are a few of the top projects being monitored by analysts at Cryptonews.com.
Wall Street Memes (WSM)
Wall Street Memes is one of the internet’s hottest retail investing communities that previously rose to prominence in the meme stock craze of 2021, but has recently been expanding its relevance within the cryptocurrency space with a new presale of its associated $WSM token.
The presale, which has raised $4.5 million only 11 days, has already surpassed 2021’s highly successful mint of the Wall Street Bulls 10,000 piece NFT collection, which famously made $2.5 million and sold out in 32 minutes.
The success of the $WSM presale is hardly surprising, given the size of the Wall Street Memes community.
Not only are there 523k hyper-engaged community members on its wallstbets Instagram account, there are another 214k on Twitter and more than 100k across its two other Instagram channels, wallstgonewild and wallstbullsnft.
All told, Wall Street Memes has a 1 million-strong social community of degens, which analysts think all but guarantees that the $WSM token will be listed on tier 1 crypto exchanges like Binance.
https://www.twitter.com/wallstmemes/status/1665811588551516161And in fitting with its focus on empowering the little guy, 100% of the token supply is for the Wall Street Memes community – there is no behind-the-scenes private sale and no team allocation largesse.
50% of the token supply is available in the presale; 30% as community rewards; 10% for CEX liquidity and 10% for DEX liquidity.
With 30% of the supply allocated to community rewards, it can reasonably be expected that airdrops to holders will be a big part of the ecosystem.
Indeed, the first $WSM airdrop is open now. Join the discord, connect socials, engage on socials, buy and trade $WSM to be eligible to receive the drop.
To buy $WSM tokens you will need ETH, BNB or USDT (ERC-20 or BEP-20 versions accepted) in your crypto wallet. Simply connect at the website to make your purchase.
Analysts are already predicting 10x gains for Wall Street Memes when it lists on exchanges and you can be a part of it.
AiDoge ($AI)
The blowout rate at which AiDoge’s crypto presale sold out (more than $14.9 million was raised in only a few weeks), suggests many investors think that AiDoge could be the next big meme coin to blow.
The up-and-coming memecoin project, which utilizes revolutionary generative $AI technology in its viral meme-making social media platform and investors can still secure $AI tokens at the exchange listing price of $0.0000336.
AiDoge, not to be confused with Arbitrum-based ArbDoge (with the ticker AIDOGE), is building a revolutionary new crypto-powered web3 platform that will allow users to share and vote on memes created by users via the platform’s breakthrough AI technology.
Users of the platform who create the best memes will be rewarded financially in the form of AiDoge’s native $AI token.
This revolutionary new concept of “meme-to-earn” (M2E) introduced by AiDoge is expected to be a game changer.
For the first time, the internet’s best meme creators will be able to turn their hobby into a viable income stream, all whilst the blockchain technology that underpins the AiDoge platform protects their ownership rights over their content.
Given the total token supply of 1 trillion, AiDoge will debut on major cryptocurrency exchanges with a fully diluted market cap of $33.6 million.
But many analysts think this fully diluted market cap could go a lot higher, as AiDoge rides the dual waves of growing interest in both AI technology and meme coins.
Investors will be able to claim their tokens in 13 days when the cryptocurrency launches.
Get ready, #AiDogeArmy! 🔥
— aidogecrypto (@aidogecrypto) June 6, 2023
Only 13 days left until our CLAIM & LAUNCH! 🚀🌕
Remember, you can still buy $AI at the listing price before June 19th 👀
👉 https://t.co/PzNuuRWDGV#MemeCoin #Presale #Crypto #Web3 pic.twitter.com/Lovqqz6Pby
Ecoterra (ECOTERRA)
Ecoterra (ECOTERRA) is the native cryptocurrency of a blockchain-run green ecosystem that incentivizes environmentally friendly behavior.
As outlined in the project’s Whitepaper, the award-winning project is building an all-in-one $ECOTERRA-powered web3 ecosystem, designed to encourage recycling via its first-of-its-kind Recycle-to-Earn (R2E) system, facilitate trade in recycled materials and encourage individuals and businesses to offset their carbon footprint.
The green web3 start-up’s R2E app is supported in any country that uses Reverse Vending Machines (RVMs), meaning a huge potential market.
Nascent green web3 projects like ecoterra are expected to play an increasingly important role in global efforts to address climate change in the decades ahead as crypto’s broader adoption increases.
It’s no wonder then that the crypto presale that ecoterra is currently running in order to fund the development of its platform has been a resounding success, having already raked in a massive $4.8 million.
A HUGE thank you to everyone who has participated in our presale so far 🙌
— ecoterra (@ecoterraio) June 6, 2023
🔥 $4,8 MILLION RAISED 🔥
Stay tuned for more updates on our exciting journey!
Join our #Presale now ⬇️ https://t.co/1fYkPOtnOe pic.twitter.com/rEoRdEp9uY
And investors are running out of time to secure $ECOTERRA tokens at the current price of $0.00925 as, when the presale hits $5.7 million, the price will go up 8% to $0.01.
Nascent green web3 projects like ecoterra are expected to play an increasingly important role in global efforts to address climate change in the decades ahead as crypto’s broader adoption increases.
It’s no wonder then that popular crypto presale analysts like Jacob Crypto Bury and Crypto Gains are predicting big potential upside for the $ECOTERRA token.
