The SEC dealt a heavy blow to the crypto market, classifying numerous cryptocurrencies as securities. This move came as part of lawsuits filed against Coinbase and Binance.
The likes of BNB, Cardano (ADA),
Solana (SOL), Cosmos (ATOM), Sandbox (SAND), and Axie Infinity Shards (AXS) are
all classified as securities, which means that if the US courts side with the
US Securities and Exchange Commission lawsuits against Coinbase and Binance,
all these cryptocurrencies would face much higher regulations in the US.
In recent times, it comes as no surprise that these esteemed blue-chip names have experienced a significant downturn, enduring a substantial decline in the past week. This downward spiral has prompted investors to hastily seek out more secure cryptocurrency alternatives, leading to a surge in Bitcoin's dominance.
In fact, Bitcoin's market
dominance is poised to reach a remarkable milestone, approaching the 50% mark
for the first time in over two years. Such a development highlights the
shifting landscape of the crypto market and the evolving preferences of
discerning investors.
Ether (ETH)
Recent statements by former high-level SEC officials have brought forth assertions that Ether (ETH), the cryptocurrency fueling the innovative Ethereum layer-1 blockchain, does not fall under the category of security.
This, coupled with the SEC's decision to abstain from classifying Ether as such in their recent legal actions against Coinbase and Binance, means the prospect of Ether being labeled security is diminishing.
Given these developments, both
Ether and Bitcoin have the potential to emerge as trusted safe havens within
the existing crypto markets.
Despite facing selling pressure in recent days, Ether has demonstrated resilience and is now positioned near a significant long-term support trendline, residing comfortably within the mid-$1,700s range.
This crucial juncture has caught the attention of astute market participants who anticipate the revival of 2023's bullish momentum.
-tradingview-price-chart06-14-23.jpg "Ether (ETH) TradingView Price Chart06-14-23") |
| Ether (ETH) TradingView Price Chart06-14-23 |
Wall Street Memes (WSM)
Wall Street Memes, a prominent retail investing community, gained popularity during the meme stock craze of 2021. Now, it is making waves in the cryptocurrency space through a new presale of its $WSM token.
The presale has raised over $6 million in less than two weeks, surpassing the remarkable success of the Wall Street Bulls 10,000-piece NFT collection in 2021, which generated $2.5 million and sold out within 32 minutes.
The success of the $WSM presale is hardly surprising, given
the size of the Wall Street Memes community.
With a 1 million-strong social community, Wall Street Memes
is poised to secure listings on top-tier crypto exchanges like Binance.
Furthermore, the $WSM token is exclusively allocated to the Wall Street Memes
community, emphasizing its commitment to empowering individual investors
without any private sales or team allocations.
The token supply breakdown includes 50% for the presale, 30%
for community rewards, and 20% for liquidity purposes (CEX, DEX). The
substantial allocation of 30% to community rewards suggests significant
potential for airdrops to holders within the ecosystem.
Indeed, the first $WSM airdrop is open now. Join the discord, connect socials, engage on socials, and buy and trade $WSM to be eligible to receive the drop.
To buy $WSM tokens you will need ETH, BNB, or USDT (ERC-20 or BEP-20 versions accepted) in your crypto wallet. Simply connect to the website to make your purchase.
Analysts are already predicting 10x gains for Wall Street Memes when it lists on exchanges and you can be a part of it.
DeeLance (DLANCE)
DeeLance, an innovative web3 project, is creating a
blockchain-based metaverse that revolutionizes the job market with crypto and
NFT integration.
This project hailed as one of the hottest crypto start-ups
of 2023, aims to create a metaverse that brings together freelancers and
employers, revolutionizing remote work and the $761B recruitment industry.
DeeLance aims to eliminate dominant intermediaries like
Fiverr and Upwork, known for exploiting freelancers and employers. With its
blockchain-based decentralization and transparency.
DeeLance has gained significant attention in web3
communities and has the potential to disrupt the platform-focused freelance
economy.
The project has raised nearly $1.33 million in just a few
months through its $DLANCE token presale.
It has also secured a significant $1.12 million strategic
investment from Bitgert Ventures, showcasing growing institutional interest.
Investors are urged to act swiftly as the price will
increase once the presale reaches $1.7 million from its current low price of
$0.038. With DLANCE set to debut on major exchanges later this year at $0.57,
early investors could potentially enjoy gains of around 50%.
DeeLance is conducting a huge $100K $DLANCE token giveaway competition, adding to the excitement.
The top five wallets that buy the most $BALANCE between now and the end of presale stage four will be rewarded with a share of $500K worth of $DANCE tokens.
$DLANCE can
be bought using ETH, BNB, and USDT (the ERC-20 and BEP-20 variants).
