Analysts predict that cryptocurrency prices will stagnate until 2024, but these presales hold great promise

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Stagnation is a period of prolonged stagnation, which complicates the selection of suitable cryptocurrencies for investment. It is usually accompanied by a number of difficulties experienced by analysts when making long-term asset forecasts.

Due to the inability to analyze the market and make a decision to buy or sell key market cryptocurrencies, traders tend to start looking for new promising projects. Their attention is mostly focused on presales, as the change in value at different stages of the presale depends on its pace rather than on the state of the market. This time, let’s talk about promising projects, investments in which can give a big return.

The best cryptocurrencies of 2023

Analysts highlight three coins:

  • Wall Street Memes – a new meme coin with a million fans in social networks, which can become more popular than Pepe.
  • Chimpzee – a “green” crypto startup that aims to preserve rare animals and fight global warming.
  • Ecoterra is an eco-friendly startup that helps you turn in your trash for recycling and get rewarded for it.

Three pre-sales of new cryptocurrencies with great potential

As mentioned earlier, all existing digital assets are highly volatile. However, a cryptocurrency that is on presale is considered a better option to invest in times of market volatility. It rises at every stage of the presale regardless of the market condition. We took a look at some of the most popular presales of the first half of 2023 and made a special selection.

Wall Street Memes

This spring, Wall Street Memes, a coin from a company that is known for a large and high-margin NFT collection called Wall Street Bulls, joined the list of up-and-comers (about $2.5 million was raised in 30 minutes). The pace of pre-sale deserves special attention – since the launch, the project has raised more than $13.8 million. At the same time, at the current stage the asset is characterized by a favorable value – $0.0313.

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The launch of the new meme-coin at the end of May caused a real stir, and just a few minutes after the start of the sale more than $100,000 was raised. The reason for this success was the serious support of the community participants (more than a million people follow WSM’s social networks) and the attention of Ilon Musk.

The tokenomics of the project also attracts a lot of new customers, as unlike most other companies Wall Street Memes distributes all its coins among customers. Of these, 50% can be picked up at the presale, 30% users will receive in the form of rewards, and the remaining 20% will be distributed between DEX and CEX.

The 22nd stage of the presale out of 30 is now underway, where $WSM can be purchased for $0.0313. By the final pre-sale, the coin’s value will increase to $0.0337.

Wall Street Memes is also currently running an Airdrop in which users will be able to get $50,000 worth of free coins. To do so, they need to go through a registration and random selection process: only five people will be chosen to participate in the free token giveaway.

Benefits:

  • Affordable cost of a promising meme token.
  • Strong community support indicates possible further development of the project.
  • Ilon Musk’s interest in the asset may have a positive impact on the growth of the cryptocurrency.

Chimpzee

Chimpzee is a new crypto startup that aims to address global warming and preserve endangered wildlife species. This green project has raised over $800k in the pre-sale process and is currently valued at $0.0007.

Among many other really useful cryptocurrency products, Chimpzee stands out for its comprehensive approach.

First of all, it offers many ways to get involved in environmental protection: users become sponsors and contribute to greening areas and saving animals – for example, the black jaguar, for helping which you can get 300% of the platform’s tokens as a bonus.

In addition, the team presents as many as three ways to earn cryptocurrency. Users can do this by playing Zero Tolerance, trading on the NFT platform or buying official merchandise on the company’s website.

A fundamental part of the platform is the $CHMPZ token, which can now be purchased on the presale for just $0.0007. At the new presale phase, the asset will rise in price to $0.000775, and by the final presale, it will rise to $0.00185.

Benefits:

  • Buying an NFT passport enables additional features.
  • Monetization of participation in environmental initiatives.
  • Collaboration with charitable institutions (WILD Foundation, The Giving Block and OneTreePlanted) can positively influence the further development of the project.

Ecoterra

Ecoterra is an environmental project where users can turn in recyclable materials for recycling and get rewarded for it in the form of the platform’s own tokens. “Green” coin is currently priced at $0.01, and the total pre-sale investment is over $5.8 million.

The main feature of the Ecoterra platform is the innovative principle of Recycle-to-Earn. Based on this principle, a mobile application of the same name is being developed and is being prepared for release, with the help of which recycling of garbage will be possible anywhere in the world where there are automatic container collection machines (RVM). It is reported that testing of the alpha version of Ecoterra will begin at the end of this year.

The company’s management also announced the conclusion of cooperation with Coca-Cola, Evian and Carlsberg, whose products can now also be recycled.

To date, the Ecoterra presale is rightly considered one of the most successful. A token with real utility can now be bought for $0.01.

Advantages:

  • Lack of competitors in the field of profitable recycling of raw materials.
  • Affordable asset value.
  • Opportunity to monetize the contribution to environmental protection.

Cryptocurrency market forecast for 2023-2024

At the moment, the cryptocurrency market is experiencing a period of stagnation: many digital assets have stopped growing in value, thus prompting potential buyers to look for new options for investing money.

However, according to the observations of some experts, the recent halving of bitcoin should serve as a catalyst for a prolonged bullish trend in the market. At the same time, the next similar reduction in the supply of BTC can be expected only in the spring of 2024.

According to technical analysis, this scenario will help bitcoin reach the $42,000 level. After that, up to 2025, there will be a gradual growth of assets on the market.

Specialists say that the new liquidity that will arise due to the transfer of assets by banks into cryptocurrencies will have a positive impact. They also expect mass adoption and use of digital currency, attracting more new market participants. Also, many large projects will start to make the transition to the Web3 space (this is already being done by Nike, which not so long ago released NFT sneakers for EA Sports games).

How to capitalize on cryptocurrency presales

In order to try and maximize your income, you need to build a stable strategy for making money from presales. Below are a few ways to do this:

  • You can profitably resell the coins purchased at the presale by taking advantage of the rate difference on different exchanges.
  • Putting the purchased coins into staking – for this you can receive bonuses in the form of accrued interest.
  • Keeping cryptocurrency in the wallet for a certain period of time in order to resell on more favorable terms.
  • Realizing the sale of assets within the framework of a decrease in the rate. Traders can realize their savings at market value when they notice that coins are falling in value.

Conclusion

This article has reviewed a number of the most promising crypto projects that are currently in the presale stage. Each of them has all the prospects to bring income to their owners.

At the same time, the main task of any investor is to invest their money correctly and avoid possible risks. You can do this if you carefully study the information about the project of interest and choose the amount of investment that can be lost without consequences.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.

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