Crypto Market Recovers with Pepe Among Biggest Gainers and Wall Street Memes Presale Nearing $5M
The crypto market is back with a bang, spearheaded by popular projects like Pepe and Wall Street Memes, which are both seeing a significant uptick in investor interest.
Pepe is now up over 10% in 24 hours, with Bitcoin, XRP, and Lido DAO also seeing significant gains, while the Wall Street Memes presale nears $5m. Prices are rallying across the board as investors recuperate following the SEC’s crackdown on Binance and Coinbase.
With PEPE and WSM setting the pace, a wave of speculation is now building around which other coins could experience a similar resurgence soon.
Crypto Market Demonstrates Resilience Amidst SEC-Driven Storm
It’s been a crazy few days for crypto investors, with significant news events prompting wild price swings that surprised everyone.
As reported by Reuters, the US Securities and Exchange Commission (SEC) sued Binance and its CEO Changpeng Zhao on June 5, alleging that they operated a “web of deception” within the crypto market.
Binance denied the allegations, stating that they had cooperated with the SEC throughout their investigation – and even offered to settle so that it wouldn’t have to go to court.
However, the SEC opted to proceed with litigation – and regulators didn’t stop there.
The Financial Times reported on Tuesday that the SEC had also sued Coinbase, alleging it violated US securities law.
These two lawsuit announcements created massive volatility within the crypto market, leading to a rapid drop in Bitcoin (BTC), Ethereum (ETH), and other altcoins.
Investors were fearful that this drop would mark the beginning of a prolonged downturn. However, this hasn’t been the case, with the market showcasing remarkable resilience in the face of adversity – meaning most coins have almost erased the losses posted following the lawsuit reveal.
Pepe coin (PEPE) was one of the frontrunners of this resurgence, rising 29% in just eight hours. Although price has pulled back slightly, many PEPE bulls believe this could set the groundwork for another push.
Bitcoin was also up by 6%, while Ethereum rose by 5% as investors piled back into the market – causing a sea of green on the CoinMarketCap heatmap.
All in all, this bounce-back showcases the enduring appeal of the crypto market – even in the face of regulatory uncertainty.
Wall Street Memes Defies Bear Market & Breaches $4.8 Million Mark in Highly-Successful Presale
Another crypto that’s been making headway despite the market volatility is the brand-new Wall Street Memes (WSM) project.
Although there has been an overwhelming sense of uncertainty in the past few days, Wall Street Memes’ presale continues to go from strength to strength – and has just passed the $4.8 million mark.
This fundraise highlights the growing buzz around Wall Street Memes, which combines the viral appeal of social media-based images with a colossal online community.
The Wall Street Memes community, made up of over 1.1 million people, is spread across several social media platforms – with the official Instagram page having an audience of 524,000 alone.
The size of this online community has led to interactions with some big names. Tech tycoon Elon Musk, beloved in the crypto subculture, has interacted with the community twice.
Ultimately, this innovative project aims to empower the people who made the Wall Street Memes community what it is by creating the WSM token – now available to purchase during the presale.
WSM can be bought through the ongoing presale for $0.0277. However, this presale has a staged structure, meaning the token price will increase between stages – incentivizing would-be investors to get involved.
AiDoge Stirs Investor Excitement by Offering Last Chance to Buy Before Listing
Alongside Wall Street Memes, trailblazing meme coin AiDoge (AI) is also piquing the interest of investors after selling out its presale phase.
AiDoge’s presale was a huge success, hitting its $14.9 million fundraising goal in just over one month – showcasing the tremendous demand from retail investors.
This demand has been driven by AiDoge’s groundbreaking use cases, which involve using artificial intelligence (AI) technology to help social media users create hilarious memes.
Although the presale has sold out, AiDoge’s team is offering one final window for investors to purchase $AI tokens for just $0.0000336 ahead of their debut on exchanges later this month.
Given that token exchange listings often cause substantial price increases, some investors believe this represents an opportunity to get involved at a low price point.
Decentralized Crypto Analytics Platform yPredict Continues to Gain Momentum with Over $2m Raised
Another project making waves in the crypto realm is yPredict (YPRED) – an innovative crypto analytics platform built on the Polygon blockchain.
yPredict’s goal is to provide accurate and objective insights into the performance of various coins and tokens – thereby giving traders an “edge” in the market.
As one of the most promising projects in the crypto analytics scene, yPredict aims to appeal to beginners and experienced investors by offering a suite of tools anyone can use.
Some of yPredict’s most exciting features include automated pattern recognition, AI-powered trading signals, market sentiment analysis, and a custom-built predictive model marketplace.
Users can even buy and stake YPRED, yPredict’s native ERC-20 token, to earn a recurring yield and access additional premium features.
Although yPredict is still in development, early investors can purchase YPRED tokens ahead of the platforms’ launch for $0.09 – 33% lower than the planned CEX listing price.
Ripple Bounces Back & Soars Past the $0.50 Level
Ripple (XRP) is another crypto that has benefitted from the positive sentiment throughout the crypto market over the past day.
Although XRP had been rising for a few weeks prior, the token was still hit hard by the SEC’s market crackdown – yet it has recovered exceptionally well.
The XRP price has risen by just over 6% during the past 24 hours, soaring above the $0.50 level.
At the time of writing, XRP is hovering around $0.52 – just below the high posted on June 4.
Whether XRP can sustain its recent gains remains to be seen, but for now, the outlook is overwhelmingly positive.
Lido DAO Continues Bull Run Despite Market Volatility
Finally, Lido DAO (LDO) has also been making a splash, with the token surging by 15% over the past day.
Per CoinMarketCap, there has been a 28% rise in LDO trading volume as investors clamor to buy tokens before the next leg to the upside.
Much like XRP, LDO was hurt by the ongoing market volatility yet has resumed its bull run, which commenced back in early May.
LDO is up over 50% since this bull run began – and the price doesn’t look like stopping any time soon.
With solid fundamentals and a rapidly growing community, $LDO continues to show great promise for further gains.
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