Reasons why cryptozyme may last longer – but not for these coins

4 hafta ago 0 38

Cryptozyme is a period of prolonged decline in the value of digital currencies. It is characteristic not for individual assets, but for the market as a whole. At this point, most people cool to digital coins. However, experts realize that this mood of investors will not last forever.

The cryptocurrency market changes like the seasons. It is difficult to predict the exact duration of such “seasons”. It happens that cryptozyme goes longer than usual. For example, the last period of decline began in 2022 and, according to experts, lasted 18 months. The cryptozyme intensified due to the fall of the FTX exchange and the collapse of other serious projects, including TERRA. As a result, the market was in conditions of uncertainty, from which it began to emerge only in early 2023. However, against the backdrop of increased interest of the US authorities in regulating the market, we may see a new downturn. Let’s understand how realistic these prospects are and which cryptocurrencies to buy in the face of uncertainty.

New promising cryptocurrencies that do not seem to be afraid of cryptozyme

There are assets on the market today that are not subject to the general downward trend. These include:

Wall Street Memes – a new cryptomeme with a huge fan community.
Ecoterra – a “green” coin with the possibility of profiting on the delivery of garbage for recycling.
DeeLance – a platform coin for freelancers and employers with a fair and transparent economy.

Wall Street Memes

Meme coins stand apart. They have little exposure to current trends. If a meme coin attracts mass interest, it will continue to grow.

ByBit

5020 $
bonus for new users!

9.8

VISIT Read Review

ByBit provides convenient and safe conditions for cryptocurrency trading, offers low commissions, high level of liquidity and modern tools for market analysis. It supports spot and leveraged trading, and helps beginners and professional traders with an intuitive interface and tutorials.

Binance

Earn a 100 $ bonus

for new users!

9.5

VISIT Read Review

The largest crypto exchange where you can quickly and safely start your journey in the world of cryptocurrencies. The platform offers hundreds of popular assets, low commissions and advanced tools for trading and investing. Easy registration, high speed of transactions and reliable protection of funds make Binance a great choice for traders of any level!

The creators of the Wall Street Memes project attracted more than a million fans in a short period of time. Even big businessmen became interested in the coin. One of them is billionaire Ilon Musk.

At the heart of this meme-coin is the idea of making money on “useless assets”. Even the name itself contains a transparent hint to the history of Wall Street, when clever guys were able to make money on worthless papers. Now it is proposed to repeat this to the owners of WSM cryptomemes.

Today, the coin is in the final stages of presale. It can be bought for $0.0307. In just 5 weeks, the project managed to attract more than $12 million, which speaks about the huge interest and trust of investors. Experts are confident that this meme-coin will continue to grow (possibly to $0.15 and higher). The advantages of Wall Street Memes are as follows:

A community of millions on social media.
Influencer endorsements (Ilon Musk).
Original allusion to the Wall Street movement.
Excellent performance during the pre-sale period.

Ecoterra

“Green” technologies are not afraid of cryptozyme either. They remain relevant because they are aimed at solving global problems. This is especially true for Ecoterra coin, which stands out for its unique reward mechanics.

Now not only large investors will be able to earn on “green” technologies. It will be allowed to receive remuneration for the usual delivery of waste for recycling. This can be plastic, glass and other materials.

In addition, the project provides a reward for eco-activists. Such people will be able to participate in “green” events and, in addition to moral satisfaction, receive cryptocurrency.

Analysts are confident that the coin has a high potential and will continue to grow. Investors have already invested more than $5.7 million in the promising project. Now the final stage of presale is taking place, where you can buy ECOTERRA token for $0.01. By the way, the investor will get additional 10% of coins for buying assets. The advantages of Ecoterra are as follows:

Earnings through recycling.
Focusing on the market of recyclable materials, producers and consumers of “green” goods.
Encouragement for eco-activists.
High potential of the coin due to the linkage to green technology.

DeeLance

Interaction through online platforms has become particularly relevant in recent years. Businesses are looking for people to perform various tasks, and freelancers are eager to respond to such offers.

The DeeLance project will integrate this approach into the blockchain sphere. All settlements on the new platform will be made instantly in cryptocurrency. This will increase the transparency and reliability of interaction between the customer of the service and the performer.

Also on the DeeLance platform there will be a meta-universe, where it will be possible to organize virtual co-working or meetings. All rights to the work will be converted into NFT and transferred to the customer after payment. This ensures that there are no problems related to such a complex issue as copyright.

DeeLance is currently conducting a pre-sale of the DLANCE token. Investors have already invested more than $1.4 million in the promising coin. At the current stage, the token can be bought for $0.043. By the end of the presale, the cost will rise to $0.057.

Experts are confident that the Deelance platform offers innovative services that will help to attract a mass of users, and with the growth of their number, the price of DLANCE will rise. Analysts predict that by the end of 2023, the token may reach $0.05, and in the long term, it may soar to the level of $0.15. The advantages of DeeLance are as follows:

A platform for honest freelancing and recruiting.
Growth prospects for the DLANCE token.
Convenient search for customers and employees.
Integration of online freelancing into the blockchain sphere.

Cryptozyme is not over?

When BTC soared to almost $70k in 2021, the crypto market experienced a tremendous upswing. However, after this period ended, a precipitous decline began. This happened for several reasons.

First, the US Federal Reserve announced an increase in interest rates. As a result, the world’s first cryptocurrency fell by more than 30% (to $46.3 thousand). Not all analysts agree with this point of view, but the relationship between these events can still be seen.

Of course, the onset of cryptozyme was a natural process, which is due to the cyclicality of the market. But it was expected that the recovery would happen as early as 2022. Unfortunately, that didn’t happen, largely due to the fall of the reputable FTX exchange.

However, in 2023 Bitcoin began to grow and at some point overcame the $30 thousand mark. Optimistic analysts believed in the beginning of the crypto-spring and expected BTC to rise to $40 thousand and higher. By the way, a good trend was also observed in the altcoin market.

In the end, the joy turned out to be premature. Experts, who were not in a hurry to make conclusions, were right: the growth of most coins stopped. Today’s market is characterized by correction – BTC and altcoins are trading in a small range, without a clear upward or downward trend.

What should we call this period – the end of cryptozyme or its prolonged continuation? Perhaps, it is better to avoid categorical statements at all. Winter can be different – from severe frosts with strong wind to pleasant and warm days.

What should an investor do? To study the market, to be guided by forecasts and to look for opportunities for profitable investments. There are always coins to invest in.

Today experts highlight Wall Street Memes, Ecoterra and Deelance. These coins are not affected by the downward trend, as they are at the pre-sale stage. Their popularity is growing.

Error in the text? Highlight it with your mouse and press Ctrl + Enter

Author: Saifedean Ammous, an expert in cryptocurrency economics.