Following an already strenuous few days for Bitcoin holders and the crypto market more broadly, fresh news has emerged that the US Department of Justice has been approved to sell BTC seized from Silk Road – the darknet platform that famously used Bitcoin as a payment method.
Naturally, this has caused even more fear, uncertainty, and doubt – not to mention panic – as the Bitcoin price shows traders and investors attempting to digest the news and position themselves correctly.
Fortunately, the recent crypto selloffs have given profit-takers the perfect chance to rotate their winnings into a collection of amazing new crypto ICOs, each of which are bringing their own innovations into the world of Web3. Following our Bitcoin price analysis, we’ll introduce you to the perfect destinations for investors looking for fast-moving pumps while most cryptos continue to struggle.
Bitcoin Heads Toward Explosive New Move
Chaos is currently reigning on the Bitcoin price chart, sparking intense online debate about exactly where BTC can go from here. There’s everything to play for on both the bull and bear sides – and even though it’s only been hours since the DoJ and Silk Road news dropped, traders are already rushing to create and execute new strategies.
This frenzied activity is now showing up as a long wick on the daily price chart, which will help us to see the bigger picture:
Despite the loudly bearish statements currently being made across social media, Bitcoin is actually sitting above a pair of key support levels. This confluence of support provides one key reason why we haven’t seen BTC truly collapse – an event that could see prices fall to around $82,000 (or even further).
At the same time, the green diagonal trend line shown in the chart above has still been broken by today’s wick, and the same line was challenged only yesterday by another bearish wick.
The Bitcoin bears are clearly out in force, and it’s reasonable to speculate about the possibility of insiders front-running today’s Silk Road news in order to capitalize on the volatility. If that scenario has panned out, then those insiders could be using the news as a chance to accumulate – which would explain those recent daily wicks.
From a technical analysis point of view, another bearish signal has arrived in the form of a descending triangle chart pattern – although this does not provide a definitive trend direction for BTC right now. Instead, it has established the lines that bulls and bears must draw, defend, and ultimately break through in order to take control of the leading cryptocurrency and force it to move in their preferred direction. As long as bulls can keep BTC above $91,000, there shouldn’t be reason to seriously worry just yet.
Whatever comes next, it’s sure to be explosive.
For crypto enthusiasts who are growing weary of the drama, rotating crypto profits into top-performing crypto presales is an ideal option with a high likelihood of faster and bigger profits in the near future. We’ve picked out the three best ICOs out there right now, and we’ll cover them all below.
Wall Street Pepe ($WEPE) Approaches $45m Funding Milestone
Today’s Bitcoin price performance has highlighted just how powerfully crypto insiders can benefit from crypto asset volatility. Appropriately enough, Wall Street Pepe ($WEPE) has arrived just in time to save countless crypto traders from disaster, as WEPE token holders assemble to gain exclusive access to a new community – the WEPE Army.
Using insider access to market-beating strategies, trading insights, and winning alpha calls, the WEPE Army are determined to beat the whales and institutions who always seem to be one step ahead. The Wall Street Pepe team have decided to empower everyday crypto fans, so they can finally achieve the major wins they deserve.
The WEPE token presale is fast approaching $45 million in total funds raised, giving early investors the chance to also gain from a 28% APY if they stake their tokens for passive income through WEPE’s core protocol. W
all Street Pepe is clearly on track to match or even exceed the performance of highly successful frog coins like Pepe Unchained ($PEPU) and even the mainstream Pepe project itself, by offering a unique utility that every market participant needs right now.
Visit Wall Street Pepe Presale
Solaxy ($SOLX): Solana’s Layer 2 Ready to Lift Off
When crypto market activity goes into overdrive, Layer 2 blockchain networks really prove their worth. Crypto veterans have long been familiar with everything from network congestion to failed transactions and extreme gas fees – and even though Solana has managed to keep its fees under control, it has still suffered from severe scalability issues that Solaxy ($SOLX) will finally resolve.
As the very first Solana Layer 2, Solaxy will push Solana’s capabilities and network capacity to a completely new level. Transaction failures will become a thing of the past, and will move at lightning speeds while industry sectors as diverse as DeFi, GameFi, meme coin, and RWAs (Real-World Assets) embrace Solaxy as their new go-to Layer 2, powered by the SOLX cryptocurrency.
SOLX will also be compatible with the Ethereum network, not just Solaxy and Solana – and this will draw even more benefits in every direction, as Ethereum’s huge liquidity reserves meet Solana’s low fees and fast transactions. Solaxy will then supercharge everything, ushering in a new era for everyone involved.
The SOLX presale has now raised nearly $9.5 million, and tokens are priced at a discounted value of $0.001596. By staking their SOLX, investors can also expand their holdings at a generous APY of 370% pa. This has made Solaxy a natural choice for crypto fans who are now rotating their bull run profits into promising new projects.
Best Wallet Token ($BEST): Top New Utility Token?
Days like today put crypto believers to the test, and separate the truly serious players from everyone else. Many of these top-performing investors have already rushed to self-custody their cryptos in secure wallets – and they’re also adding huge amounts of Best Wallet Token ($BEST) to their portfolios right now.
The Best Wallet ecosystem is centered around a smartphone app (for Android and iOS) that gives users instant 24/7 access to all of their cryptos via an easy-to-use wallet interface. At the same time, the app also includes staking, token swaps, iGaming, crypto presale investment features, and hot new token tips – enabling you to take care of all your crypto-related business in just one place.
To really get the most out of Best Wallet, the Best Wallet Token ($BEST) gives additional benefits as diverse as governance votes, exclusive presale access, iGaming perks (like lootboxes, free spins, and more), discounted fees, and airdrops. By focusing on genuine utility, the Best Wallet team have really outdone themselves – and ICO investors clearly agree.
Having raised about $6.8 million, and with more than 70,000 social media supporters spreading the word about Best Wallet, the Best Wallet Token presale presents an amazing opportunity for future-focused investors. BEST tokens are now priced at $0.023525, so you have the chance to acquire a sizable bag before the token arrives on leading centralized and decentralized exchanges and the price inevitably pumps.
