After a depressing fortnight in the market, the positive sentiment was finally revived after news spread that BlackRock, one of the world’s largest asset managers, announced that they would seek approval for a Bitcoin spot Exchange Traded Fund (ETF).
The announcement caused a flurry of investment into the space, causing markets to rebound to levels before the recent SEC regulatory tirade. Despite this, analysts still strongly advise portfolio diversification, with regulation uncertainty still hanging over the markets.
Keep reading to discover why analysts are suggesting diversification and to find out where they recommend diversifying.
Markets Rebound After BlackRock ETF Application
Blackrock has officially filed for a spot Bitcoin ETF
— Will Clemente (@WClementeIII)
After two weeks of new lows in the market, the recent application for a Bitcoin spot ETF from BlackRock has injected some optimism back into the market. Bitcoin, the number one ranked cryptocurrency, surged above $26,000 as investors learned that the asset manager with over $9 trillion on its books is looking to open an ETF – putting the cryptocurrency in front of institutional investors in the country.
BlackRock filed the application to the United States Securities and Exchange Commission (SEC) on June 15th, helping markets to surge following the announcement. The submitted documents state that the financial powerhouse intends to use Coinbase Custody Trust Company as the primary crypto custodian and the Bank of New York Mellon as the fiat custodian.
Altcoin markets also revived alongside Bitcoin after the news spread as Ethereum surged back above $1,700, ADA above $0.25, and Dogecoin above $0.062.
The market is acting positively to the news because, if approved, the BlackRock Bitcoin spot ETF would be the first US-approved ETF to grace the markets, allowing institutions in the country to invest in the digital asset through a regulated market.
Portfolio Diversification Still Needed – Are Presales the Safest Options Right Now?
Despite the immediate market revival, experts are still suggesting that the overhanging regulatory uncertainty from the SEC still represents a strong bearish presence within the market. As a result, analysts believe diversification is still important for investors to protect themselves from any potential downside risks in the market.
One method of protecting assets is by selling crypto into stablecoins. Although this removes all downside risk, it simultaneously eliminates the potential for upside returns.
Another method analysts suggest is investing a small percentage of portfolios into low-cap projects with solid teams that are building for the future. More specifically, presales are starting to be the go-to method of protecting portfolios as they provide closed markets during the fundraising stages – protecting investors from severe drops in the market.
Although there are thousands of presales to choose from, we’ve identified three of the most promising opportunities with solid fundamentals, expert teams, and huge communities starting to gain traction in their fundraising process.
Wall Street Memes – The Fastest-Growing Presale in 2023
only opened its presale at the end of May but has still managed to raise over $8.5 million in its fundraising efforts – making it one of the fastest-growing presales in 2023. Wall Street Memes is a cryptocurrency representation of the internet’s triumph over the greedy capitalists on Wall Street. It was born as an extension of the GameStop fiasco in 2021, where the armchair investors went to battle with the institutional giants and sent them into bankruptcy.
Now, Wall Street Memes is tokenizing that movement through the WSM token, allowing people to engage in the speculation with an additional side order of humor to go alongside it. The project has quickly become one of the most sought-after presales in the memecoin sector as investors rush to get invested at presale prices as they’re curious to see its long-term prospects.
Introducing – yep, we’ve gone and done it.
The community token that’s flipping the Wall Street Memes game upside down! 🐂
We have 50% of the supply up for grabs in the and 30% set aside for rewarding our community.🔥
Let’s make some serious waves together,…
— Wall Street Memes (@wallstmemes)
Investors are intrigued by the project’s ability to gather such a strong cult-like following in a short time – attracting over one million followers on its social media profiles. It seems that the fusion of internet culture, meme-based humor, and decentralized finance has created the perfect blend to create the next memecoin sensation in the industry.
The project has garnered a huge following because it’s connected to Wall Street Bulls – an NFT project that sold its entire NFT collection in 30 minutes in 2021. That same community is back to support WSM to become the next king of memecoins.
Another reason investors are rushing to the presale is that it’s already piqued the attention of Elon Musk. The well-respected memecoin Dogefather and CEO of Tesla and Twitter have interacted with the Wall Street Memes Twitter profile on several occasions, sparking a debate on whether one of the world’s richest men is already invested in the project.
Furthermore, its huge following also puts the WSM in great standing to be listed on the major tier-1 exchanges once the presale ends – with Binance being one of the anticipated exchanges expected to list the token.
Overall, Wall Street Memes is certainly causing a stir in the market, and the strength of the project lies in the robust community behind it.
The presale for WSM is attractive because the team hasn’t allocated any funds for themselves. Instead, the entire supply is dedicated to the community, with 50% sold in the presale and the remaining reserved for adding liquidity to exchanges.
yPredict – Using Artificial Intelligence for Financial Prediction Models
Another untapped opportunity with massive upside potential is , an AI-based trading research and analytics platform that provides traders with data-driven insights to help them make better trading decisions. The platform provides insights and analytics through state-of-art financial prediction methods to help traders become more profitable.
yPredict was created by a group of AI and machine learning experts, financial quants, and traders. They all grouped together to build cutting-edge trading research tools to help traders in the community beat the market.
Interestingly, yPredict has created an ecosystem that ensures the native token, YPRED, retains its value over the long term. For example, users will require YPRED tokens to access the yPredict Analytics product, which gives traders an edge in the financial markets. The product has created a new breed of trading tools entirely powered by AI, capable of auto-detecting over 100 charting patterns and alerting traders before a trend emerges. In addition, the AI also provides a confidence score to help traders understand the likelihood of the signal occurring.
In addition, yPredict has also created a results-as-a-service economy through its yPredict Marketplace. This product allows AI developers to list their financial prediction models, allowing traders to subscribe to them on a monthly basis. Traders can browse for the highest-performing models and use YPRED tokens to subscribe each month.
Overall, the yPredict ecosystem is designed to help traders continue winning while providing deep utility for its native token – making it an attractive investment during its presale stages.
Ecoterra – Using Web3 Technology to Help Push Environmental Sustainability
The final untapped opportunity with massive upside potential is , a project focused on rewarding people for taking action on climate change. Ecoterra has developed a unique Recycle2Earn application that has taken the concept of GameFi and brought it to the environmentally conscious world, allowing users to earn rewards for recycling.
The entire idea behind the project is to encourage the recycling process to fight global warming by educating the public on the need for recycling and providing them an incentive to do it. Users will be rewarded every time they recycle, so long as they follow the instructions outlined in the application.
According to the team, users can start earning in three simple steps; Scan, Recycle, and Earn.
To begin, users need to use the Recyle2Earn application to scan the barcode on recyclable products, such as glass, plastic, and aluminum. The app will then search its database to find a match and provide a quote for rewards if the item is recycled.
Next, the application will direct the user to the nearest Reverse Vending Machine (RVM) to deposit the items for recycling. After recycling, users must upload the receipt to the application to earn their rewards.
It’s as easy as that.
In addition, Ecoterra also includes a range of ecology actions that lets them earn rewards. For example, it contains a Recycled Materials Marketplace to purchase recycled materials and a Carbon Offset Marketplace to purchase carbon credits to reduce carbon footprints.
Overall, Ecoterra has created a groundbreaking solution to climate change by providing rewards to users for making a difference in our world. The presale has already raised over $5 million in fundraising, showing great interest in the project from eco-friendly investors.
