ChatGPT’s LUNA and BTC rate forecast – these three new coins could bring profits to early investors

1 mēneša ago 0 51

Unfavorable news hit the cryptocurrency industry in early June. As a consequence, BTC, LUNA and other coins are affected by high volatility.

Binance and Coinbase exchanges were sued by the US Securities and Exchange Commission (SEC) for alleged rule violations. This triggered a sharp withdrawal of funds from these platforms. According to Messari, more than 80 thousand BTC were moved from various exchanges. The current situation may negatively affect the bitcoin rate forecast.

For this reason, investors are looking for new assets that are not affected by the current events. These have become pre-sale tokens that have a promising future, especially when the next bull market starts.

ChatGPT believes that these three cryptocurrencies will bring in more profits than LUNA and BTC

While there are too many negative factors affecting bitcoin’s forecast, artificial intelligence suggests that the coins listed below will see a significant increase in value once they hit the exchanges:

Wall Street Memes – a new meme token with 1 million social media followers.
Ecoterra – an eco-friendly crypto project that allows people to be rewarded in the form of tokens for recycling trash.
DeeLance – a decentralized freelancing marketplace where content creators can meet with customers and directly negotiate rates and deadlines.

Wall Street Memes

The new WSM cryptocurrency is spreading in social networks through memes of its founders’ community – Wall Street Memes. This project belongs to the niche of meme coins. It already has a huge advantage over its competitors – a strong community of 1 million loyal followers, among which there are famous people.

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The same team of developers previously released the collection of Wall Street Bulls NFT with great success. Now they are preparing another project created on the Ordinals protocol. This shows that the developers are aware of the latest trends and continue to develop in the Web3 sphere.

Just a few minutes after the launch of the pre-sale Wall Street Memes managed to raise $100,000. Two weeks later, the investment reached $5.5 million. We should expect that when WSM hits the market, the price will rise at the same speed as the community itself. Right now, the coin can be purchased at a discounted price of $0.028 before it rises to $0.0337.

Pros:

The project aims to create profit for retail investors.
Ilon Musk himself comments and reposts content on the Wall Street Memes publick.
WSM has a high chance of being listed on Binance.

Ecoterra

Another project expected to launch in 2023 is Ecoterra. This “green” service has launched its own cryptocurrency that anyone can earn simply for recycling trash.

To earn rewards, you first need to scan a used can or other container that the Ecoterra app supports. Then the item must be delivered to a recycling receptor machine (RVM). After that, upload a photo of the receipt and wait for Ecoterra tokens to refill your account. The machines can be found in large supermarkets in Europe and other developed countries.

Ecoterra has already managed to raise more than $4.8 million during the pre-sale. The final stage is about to begin and the token will reach its maximum pre-sale value of $0.01. Those who decide to invest in the project now will be able to buy the coin at a discount – for $0.00925.

Pros:

With Ecoterra, you can purchase carbon credits and recyclables on the markets within the platform.
Opportunity to earn cryptocurrency for taking care of the environment.
Coins can be saved up, sent to steak, or invested in environmental projects.

DeeLance

This year, many crypto platforms have appeared that offer useful services. One of them was DeeLance (DLANCE), a Meta Universe that connects companies with freelancers in the virtual space.

Payments will be made in DLANCE, the platform’s proprietary token, which guarantees high speed of royalties and no exchange fees. Completed orders will be converted to NFT and hosted on the blockchain to eliminate copyright infringement.

During the current pre-sale campaign, DeeLance has raised over $1.3 million. One coin is now worth $0.038, but the token will hit exchanges at a value of $0.057.

Pros:

Freelancers are ranked based on their skills, previous experience, and client ratings.
Charges recruiters only 2%, and the commission for performers is 10% (lower than Upwork).
Provides the ability to build virtual offices and hold meetings in the Meta Universe.

Bitcoin and Terra Luna rate forecast for the summer of 2023

Successive Securities and Exchange Commission (SEC) lawsuits against major cryptocurrency exchanges have caused unrest in the industry. The leading cryptocurrency bitcoin had been in a narrow range around $27,000 for several weeks. However, that changed on Monday, June 5, when the SEC filed a lawsuit against Binance. According to CoinMarketCap, the bitcoin price fell to $25,500.

The Commission then announced a new lawsuit, this time against the Coinbase exchange. Bitcoin fell again, hitting a one-month low of $25,350. However, two days later, the cryptocurrency rose by $2,000. BTC is now trading between $26,146 and $26,922.

However, CryptoTea, an analyst popular on social media, suggests that the SEC lawsuits could end up favorably impacting the BTC exchange rate. This is because the allegations are based on the fact that other altcoins are allegedly unregistered securities. However, neither bitcoin nor Efirium fall under this category.

A cryptocurrency expert under the nickname Crypto Tony expects a final drop in BTC to $24,500 before it starts to rise in value in July/August. Thus, the bitcoin price forecast remains bullish for late summer 2023.

There is mild bearish sentiment in the altcoin market, with the LUNA cryptocurrency continuing on a downward trajectory.

Amidst the broader market downturn, the price of LUNA is down over 8% for the week. At the time of writing, it is also trading down, down 6% in 24 hours. The cryptocurrency experienced a volatile trading range of $0.7373 to $0.8032 in 24 hours.

However, the long-term sentiment remains bullish. According to analysis from experts, the forecast for the summer of 2023 shows that the average price of LUNA Terra is $2.27, while the maximum possible price for August 2023 would be $2.43.

One factor that could affect the cryptocurrency’s price spikes is the introduction of passive concentrated liquidity pools in Terra Luna’s core network. This initiative, which is still being tested, could raise the bar for decentralized funding platforms (DeFi).

Concentrated liquidity is a concept that allows providers (LPs) to concentrate liquidity in specific price bands. This approach can lead to greater capital efficiency and potentially higher returns for LPs.

Wrap-up

Traders will have to wait to see if bitcoin will rise or if the price will return to lower levels. In the meantime, you can focus on more promising crypto assets – pre-sale coins such as Wall Street Memes, Ecoterra and DeeLance. All three projects are reputable because they were created by experienced teams and have a well-thought-out concept and tokenomics.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.