Crypto markets are mostly flat in a quiet start to the trading week.
Bitcoin (BTC) was last going sideways just to the north of the $30,000 level, while ether (ETH) was last going sideways just above $1,850.
Total cryptocurrency market cap was broadly unchanged on Monday around $1.18 trillion, as traders await key US inflation data on Wednesday that could impact expectations for Fed tightening in the coming quarters and thus trigger volatility.
For crypto investors keen to diversify their holdings away from blue-chip names like bitcoin and ether, here are some of the best coins to consider buying on Friday.
Compound (COMP), the token that powers the Compound Finance decentralized finance (DeFi) lending/borrowing protocol, has been pumping in recent weeks and last week hit its highest level since last August above $70 per token.
COMP has since dropped back under $60, but the uptrend remains strongly intact.
A break above resistance at $70 should open the door to a quick rally to resistance at $94 per token, which could represent quick 60% gains from current levels.
Wall Street Memes (WSM)
Wall Street Memes, one of the internet’s hottest retail investing communities, rose to prominence in the meme stock craze of 2021 and has recently been expanding its relevance in the cryptocurrency space with the presale of its new $WSM token.
The success of the $WSM presale, which has raised more than $13.8 million in just over one month, isn’t surprising given the size of Wall Street Memes’ community.
Not only are there 523k hyper-engaged community members on its wallstbets Instagram account, there are another 214k on Twitter and more than 100k across its two other Instagram channels, wallstgonewild and wallstbullsnft.
All told, Wall Street Memes has a 1 million-strong social community of degens, which analysts think all but guarantees that the $WSM token will be listed on tier 1 crypto exchanges like Binance.
With 30% of the token supply being held back for community rewards, it can reasonably be expected that airdrops to holders will be a big part of the ecosystem.
Indeed, the first $WSM airdrop is open now.
Analysts are already predicting big things for Wall Street Memes when it lists on exchanges and you can be a part of it.
Maker (MKR) has pulled back sharply from recent highs to the north of the $1000 per token level.
But at current levels in the low $900s, the outlook for MKR still looks strong.
That’s because the cryptocurrency broke above a key long-term earlier this month, meaning the door should be open for a rally above $1200.
MKR is the governance token used within the MakerDAO and Maker Decentralized Finance Protocol, one of the earliest decentralized finance (DeFi) ecosystems built on the Ethereum blockchain.
An innovative new web3 project called DeeLance is building a crypto and NFT-powered metaverse that, in an industry first, puts the jobs market on the blockchain.
The project, which is touted as one of 2023’s hottest crypto start-ups, is building a metaverse to unite freelancers and employers and promises to overhaul remote working forever, as well as the $761 billion-dollar recruitment sector.
Using the decentralization and transparency of the blockchain, DeeLance wants to remove overly powerful middlemen like Fiverr and Upwork that have been abusing freelance workers and employers alike for the last decade.
DeeLance is already generating huge hype in web3 circles and some observers think could upend the still very web2 platform-centric freelance/gig work economy.
The project has already raised a whopping near $1.5 million in just a few months since the launch of its $DLANCE token presale.
DeeLance also recently secured a huge $1.12 million strategic investment from top venture capital firm Bitgert Ventures, a sign that institutions are increasingly taking note of the project’s potential.
Investors are encouraged to move quickly to secure tokens, as when the presale hits $1.7 million, the price will rise from its current super-cheap $0.038 level.
Given that DLANCE will debut on major cryptocurrency exchanges later this year at $0.57, investors who get in now can be sat on gains of around 50%.
Adding to the excitement is a massive $500K $DLANCE token giveaway competition that DeeLance is conducting.
The top five wallets that buy the most $DLANCE between now and the end of presale stage four will be rewarded with a share of $500K worth of $DLANCE tokens.
$DLANCE can be bought using ETH, BNB and USDT (the ERC-20 and BEP-20 variants).
Atom (ATOM), native token of the Cosmos network which is used for staking and participating in the network’s consensus mechanism, is hovering close to its 21-Day Moving Average just above $9 per token.
While the cryptocurrency did recently find resistance at its 50DMA, a concerning sign for the bulls, ATOM is in an uptrend.
A rally back towards key resistance in the just above $10 may be on the cards soon.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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