Is it worth buying bitcoin now? Three best cryptocurrencies with great growth potential

Cryptocurrencies

At the end of June, bitcoin (BTC) crossed the $31,000 mark, but the price has been falling for a week now. For this reason, traders are watching with interest whether the main digital asset will be able to return to its upward trajectory and what will be the bitcoin forecast for the current month.

However, the crypto space is constantly evolving, with hundreds of new projects entering the market every week. Experienced investors have found that buying pre-sale tokens can be a successful strategy for generating large returns with minimal investment. In this article, we’ll take a look at three popular pre-sales of the summer: Wall Street Memes, Chimpzee, and DeeLance.

Three new cryptocurrencies with great growth potential

The following tokens could rise in price before the end of the year:

  • Wall Street Memes, a new meme token created by a team of experts in the NFT-sphere. The popular pre-sale has already raised over $13.7 million in just six weeks since its launch. Right now, the WSM meme token is worth just $0.0313.
  • Chimpzee is a pre-sale that allows investors to earn passive income and help with the fight against climate change. The pre-sale has raised $798k, and at the time of writing, the coin is worth $0.0007.
  • DeeLance is a freelancing project that will eliminate middlemen and charge low commissions. The presale has raised over $1.5 million since its launch. DLANCE is worth $0.043 at the time of writing.

Wall Street Memes

The meme-coin niche is booming after the phenomenal growth of Pepe (PEPE) and Spongebob (SPONGE). However, the place of the “king” of meme coins may be taken by a new cryptocurrency – Wall Street Memes (WSM).

The project’s developers are already known for their two NFT collections, thanks to which they were able to create a significant online presence and attract more than a million followers on Twitter and Discord.

By entering the crypto arena, they have one goal in mind – to provide regular retail traders with an affordable income-generating asset. Judging by the fact that the WSM token pre-sale has already raised $13.7 million, investors are on board with the idea.

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Due to the success story of the team behind the new cryptocurrency, buyers trust the current presale. The WSM coin is priced at $0.0313 at the time of writing, but it will rise to $0.0337 by the finale.

Benefits of the Wall Street Memes project:

  • Ilon Musk has already commented on Wall Street Memes several times, which speaks to its “virality”.
  • The total stock of 2,000,000,000,000,000 WSM is fully committed to the community.
  • The team is holding a $50,000 airdrop.

Visit the Wall Street Memes pre-sale (button)

Chimpzee

The developers of Chimpzee have teamed up to create a new Web3 startup that uses blockchain to support initiatives against climate change.

To do so, the team has developed an ecosystem that will have three reward mechanisms. The first is the Chimpzee virtual store, with part of the proceeds going to sponsor charities and the other being returned to customers in the form of a proprietary token called CHMPZ.

The second is the NFT marketplace, where traders will be able to earn passive income. The trading platform shares revenue from commissions with its customers.

Finally, the Play-to-Earn (“play and earn”) game. Gamers will save forests and earn crypto bonuses and other rewards.

Investors who see the potential of the project have already invested almost $800,000 in it. Currently, the CHMPZ token is worth $0.0007.

Additional pluses of the Chimpzee ecosystem:

  • The CHMPZ token is deflationary, which could potentially drive the asset’s price up.
  • By purchasing coins during the presale, a user can get a unique NFT.
  • Digital asset steaking and minting mechanisms will be launched.

DeeLance

The main goal of the DeeLance platform is to transform the process of interaction between freelancers and employers. Thanks to the new decentralized environment, users will have full control over their work and will be able to save on commissions.

DeeLance’s comprehensive set of tools and services includes the NFT trading platform, Metaview, and a hiring exchange. All of them are designed to optimize the work of remote workers.

Freelancers are guaranteed payment for their services through secure escrow accounts that hold funds until the job is completed. In addition, the platform provides fast transactions with minimal fees (as low as 2%) by transferring payments in a proprietary token called DLANCE.

In the current DLANCE pre-sale, investors can purchase the coin for just $0.043. Those who buy the token now can realize a paper profit of 32%, as its value will be $0.057 by the end of the presale.

DeeLance platform features:

  • Turns work output into an NFT, which guarantees copyright protection and transfer.
  • The decentralized nature of the platform opens access to exceptional employment opportunities.
  • Companies can set up offices in the Meta Universe, host meetings, host co-working spaces, and even rent out virtual spaces.

The bottom of BTC has been reached – is it worth buying Bitcoin now?

At the time of writing, BTC is trading at $30,379, having fallen 2% in the last 24 hours. The leading cryptocurrency was able to break through the $31,000 resistance, but did not continue its uptrend.

Keith Alan, co-founder of the Material Indicators monitoring resource, expects a BTC pullback before future growth. According to the chart he refers to, the $30 million in demand liquidity is holding at $36,000. This is expected to be the new bitcoin price.

The firm CryptoQuant estimates that the largest decline in bitcoin inflows and supply in history is now taking place. This means that the transfer of BTC to addresses owned by exchanges has fallen by 80%. This represents a record high.

Possibly, holders of this cryptocurrency are preparing for a bullish spurt, as the BTC rate could rise if there is no pressure from sellers. When investors move crypto assets to exchanges, they usually do so with the intention of selling them. However, the accumulation of coins outside of these platforms suggests that traders are willing to hold them for long periods of time.

In addition, investors with less than one bitcoin, known in the market as “shrimpers,” continue to aggressively increase their holdings. According to research firm Glassnode, they are acquiring the cryptocurrency at a rate of more than 33,400 coins per month, which is equivalent to more than a billion dollars.

Thus, in answering the question of whether bitcoin will grow, we need to continue to monitor buying behavior. It is important that demand prevails over supply. This way, the growth of BTC can continue.

Why presales can be a more profitable investment

There are various reasons to participate in the presale of new cryptocurrencies, but the main one is the opportunity to get a great potential income. Pre-sale tokens offer low entry costs and often show a spike in growth once official trading begins.

However, new coins can also be risky investments, so it’s important to find legitimate projects that have been audited and have a reputable development team.

Presale is also an opportunity to become part of a growing community early on. Many presale projects offer unique or innovative solutions to real-world problems using blockchain technology.

Many investors are looking for presales to purchase tokens at a reduced cost. Since the coin appreciates in value in stages, early buyers can realize high paper profits before the auction even begins.

Wrapping up

While the bitcoin rate forecast can change the trajectory of the entire market, the value of the coin in the presale increases with each stage. Once the presale is complete, the price of new cryptocurrencies depends on two factors – utility and/or a strong community.

Digital currencies DeeLance and Chimpzee offer new ways to utilize blockchain technology. The Wall Street Memes token is fueled by a huge community and is expected to catch the wave of meme coin popularity.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.

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