Can the bitcoin price fall below April lows? Why traders are betting on these altcoins

Altcoins

Bitcoin fell about 9% last week, the biggest weekly drop since November 2022. However, it rose to $28,000 this week, which is still less than its high this year of $31,000. According to a number of analysts, such a drop in the coin’s price was to be expected as a tentative support after its rise above $30,000. Thus, predicting whether bitcoin will grow, some experts emphasize that it may even reach lower levels in the coming days.

For this reason, investors are switching to less risky assets – pre-sale tokens. These coins trade at a lower cost and are not subject to market volatility.

What cryptocurrency to invest in 2023: Top 4

As the price of BTC may continue to fall, traders are looking for other promising cryptocurrencies. Experts are betting on the presales of these coins:

  • AiDoge – a cryptocurrency platform for creating unique internet memes in the pre-sale phase
  • DeeLance – a new coin in the field of Web3 recruiting.
  • Ecoterra – a token credited as a reward for recycling.

AiDoge

AiDoge is a new pre-market cryptocurrency that enables artificial intelligence (AI)-generated memes.

One of the main features of the project is the “Meme Feed” where all new pictures will be published. Creators receive cryptocurrency for generating popular memes using text clues.

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To determine which pictures are the funniest and most relevant, AiDoge offers a voting mechanism. This way, authors and users of the platform can up or downgrade memes by giving them points. The platform will also reward users for participation in voting.

Another advantage of the ecosystem is the ability to receive rewards for steaking. By locking tokens in the platform’s smart contract, users can earn additional credits and coins. These can be exchanged for other cryptocurrency, used to buy credits, or resubmitted to steaking to increase their earnings.

In addition, for posting coins, participants get access to new features and a vote in determining the future development of the project. It is expected that steaking can play an important role in reducing the supply of coin, thereby increasing its value. Considering the merger of AI technology and the cryptomeme industry, AiDoge could be one of the best pre-sale coins to invest in this year.

Ai is currently selling for $0.00002600, but the token will go up to $0.00002640 once the second phase begins.

Benefits of the new crypto asset AIDOGE:

  • The coin will hit both centralized and decentralized exchanges in 2023, which will increase its liquidity and the number of buyers.
  • The token has the potential to grow in the long run, as the cryptocurrency industry is closely tied to meme culture.
  • Creating memes manually is time-consuming, but AI tool AiDoge can generate a funny picture in seconds.

Ecoterra

Ecoterra is a new cryptocurrency powered by the pioneering concept of Recycle-to-Earn.

As the first blockchain-based recycling ecosystem, Ecoterra has great potential for growth. The app can be connected to any container collection machine (RVM), so it can be used by people in all countries. People receive ECOTERRA coins for recycling items such as aluminum and plastic cans.

The Ecoterra platform offers businesses and individuals to take advantage of a carbon offset program to reduce their carbon footprint. In addition, companies can track their sustainable activities on Ecoterra to promote the circular economy.

Right now, the token is in the pre-sale stage and can be purchased for $0.00625. It will go up to $0.007 in a few days, and once listed, its value will rise to $0.01.

Ecoterra Advantages:

  • Delhaize, a large global supermarket chain, has partnered with Ecoterra.
  • The platform is successfully expanding business in the Southeast Europe region.
  • Organizations can buy recyclable materials through the platform in ECOTERRA tokens.

DeeLance

DeeLance is a freelancing and recruiting platform that simplifies the way people are hired and paid through the use of cryptocurrencies.

The platform’s dispute resolution mechanism records all interactions between freelancers and employers on a public blockchain. The use of smart contracts reduces the likelihood of fraudulent activity during transactions.

DeeLance also utilizes escrow accounts to ensure timely payments to independent contractors. Due to its reliance on decentralization and cryptocurrency transactions, the platform is able to offer some of the most competitive rates in the market at just 2%.

The second round of the DLANCE pre-sale recently began and the token is being offered at a discounted price of $0.029. By the end of the last, sixth round, the price of the token will rise to $0.048.

Benefits of DeeLance:

  • To avoid copyright infringement and simplify the process of transferring work, DeeLance allows freelancers to convert their orders to NFT.
  • DeeLance plans to expand its presence in the Meta Universe by facilitating virtual participation in online meetings through digital offices.
  • For further updates, users are encouraged to join DeeLance’s Telegram channel.

Bitcoin rate forecast for spring

On Monday, the bitcoin price hit its April low, dipping below $27,000. At the time of writing, the cryptocurrency has recovered to $28,656, but may fall to lower levels, according to various market analysts.

Among them is Michael van de Poppe, who predicts on his Twitter account that BTC will drop to $26,600, then rise to $28,800 before dropping back to $25,500.

Meanwhile, another well-known social media expert Skew believes that bitcoin will drop in value this week due to the impact of the futures market. This is because traders are short betting (down) on the Binance spot market.

What is listing and how to make money from cryptocurrency presale?

Listing is the process of adding a digital currency to an exchange to increase trading volume and recognition. A coin must meet certain requirements such as liquidity, use of modern security methods and good reputation to be added to the listing. However, before being listed on an exchange, the token goes through several pre-sale stages where it can be bought cheaper.

One way to make money from cryptocurrency presale is to buy coins at below market value, store them until listing, and then sell them. Many tokens appreciate 150% or more during the presale, so early investors make a profit before the coin goes public anyway.

Smaller exchanges are more likely to list cryptocurrencies to increase their market presence. However, well-known trading platforms such as Binance, Coinbase and Kraken add only a few new digital currencies every month. For example, Binance exchange representatives shared at the Blockchain Connect conference that 97% of crypto projects get rejected for adding tokens to the platform.

Wrapping up

The bitcoin price forecast remains bearish. However, this scenario does not exclude that the cryptocurrency will rise in price again later on.

For this reason, pre-selling now could be a great investment opportunity. Those who buy LHINU, ECOTERRA, and DLANCE tokens at the lowest cost during the presale can expect multiple increases after the listing.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.

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