Join our Telegram channel to stay up to date with the latest news
World Bank President Ajay Banga said on Monday that the global economy was in a tough spot but would not stay there. Banga spoke on the sidelines of the G20 meeting in India. He noted that the global economy has surpassed what many thought at the moment. But that doesn't mean we have more trouble ahead.
In June, the World Bank lowered its economic growth forecast for 2024. Due to the tightening of global monetary policy, the forecast was reduced from 2.7% to 2.4%.
Asian stocks continued to fall on Tuesday as investor sentiment took a hit. China's weak economic report and lack of economic stimulus are mainly responsible for the decline. Investors are waiting for the US retail sales report to learn more about the Fed's next monetary policy decision.
As the impact of corporate debt is felt in US households, the crypto market fell on Tuesday. The market lost more than 1% of its value. This is a notable difference from our last article on the cryptocurrency explosion . Global economic pressures are felt in all sectors and could reduce the desire to invest.
Since most investors are financially constrained, whale activity is obvious. Popular crypto assets are also doing their best to attract the attention of available investors. What keeps many crypto projects going right now is innovation. The more the value and benefits of crypto platforms are communicated, the better they attract investment.
1. yirausia (YAPRED)
The full volatility of the crypto market does not affect projects in the presale phase. This is simply because they are not yet listed on the stock exchange. Thus, they do not belong to the same market mix. For this reason, a project like yPredict works well in presale.
yPredict uses a series of market waves to consolidate its position once it becomes available. This makes it the next cryptocurrency to explode . Indeed, it is advantageous for investors to buy new projects before their IPO. Then, he also benefits from the positive emotions that the nature of his project brings with him.
The yPredict platform uses artificial intelligence to provide cryptanalysis services. The goal is to use the same search engine optimization tool.
🚀 #YPredict caused a stir in the crypto world! 🌊 With $3 million in presale and on the way to $4.5 million, it's clear this project is going to take off!
💸 Join WADA on our Telegram community today at 04:30 UTC and contact us... pic.twitter.com/G4wfKJyV23
— yPredict.ai (@yPredict_ai) July 17, 2023
Essentially, yPredict uses artificial intelligence and machine learning as a tool for analyzing cryptographic data. This way, you can check the price predictions based on this data. According to the project's whitepaper, it will also provide market sentiment analysis. It will also offer a card pattern detector.
In addition to crypto market analysis tools, yPredict has also developed a backlink estimator. The estimator is based on artificial intelligence. This allows users to predict the best backlink that will rank for their keywords. yPredict announced in a tweet that using the backlink estimator will cost users $99. But he added that those who participate in the pre-sale will get free access to the lifetime estimate.
The tweet sparked more interest in the presale, which raised over $3 million. The presale is in its penultimate stage and invites more investors. This is the best time to buy at the discounted price of $0.1.
Visit yPredict .
2. Hedera (KhBAR)
Hedera offers an alternative to blockchain technology. This innovation and its recent significant achievements make it the next cryptocurrency to explode . Hedera joined the winning group on Tuesday, climbing 3.30% as the market tries to move higher.
Recent developments on the Hedera network include recent integration with MetaMask. This allows MetaMask users to access Hedera decentralized applications. When preparing for the integration, Hedera will take certain precautions. This includes support for JSON-RPC compliant wallets and applications.
Hedera updates include the ability to transfer HBAR tokens to and from 0x accounts. This also includes better usability through better token matching. Other features include improved connectivity to MetaMask as well as compatibility with Ethereum virtual machine tools.
The most popular Ethereum wallet, MetaMask, now allows users to freely interact with Hedera. The decentralized finance platform shared confusing details on its website.
In addition, Hedera actively participates in the organization of global transport. This is achieved through the introduction of distributed ledger technology. For this, the platform has also recently established partnerships with certain financial institutions. These institutions include SCB TechX, Shinhan Bank and others. Hedera Hashgraph has launched a pilot project to support the delivery of stablecoins.
Financial institutions have partnered to use Hedera's fast and green open source network. Hedera implemented real-time processing in a pilot phase. In addition, the exchange rates of the three countries have been integrated in real time. These are Thailand, Taiwan and South Korea.
The proof-of-concept technology is also compatible with the Ethereum virtual machine. This allows stablecoin issuers using the Ethereum virtual machine to use the framework.
As of this writing, HBAR is trading at $0.054. Its trading volume has increased by 151% in the last 24 hours.
3. Gala (GALA)
GALA is another fantastic token that performed well in the cryptocurrency market on Tuesday. He started the morning at 5.20%. The token shows enough characteristics of the upcoming cryptocurrency to blast its stability. It is likely that one of the reasons for its growth is the statement of the blockchain president.
Gala Games Blockchain President Jason Brink said that Gala has a secret recipe. According to him, this is due to the company's ability to provide games to the Web3 community. He also stated that according to misconceptions GALA is not a sign of the metaverse.
The GALA token skyrocketed with the launch of virtual reality and other Metaverse projects. However, the sign is much larger. As already mentioned, the main goal of the project is to provide real games. It also aims to provide users with a fun and immersive experience.
Brink added that user experience is another factor that sets Gala apart. The team knows that for mass adoption, user-centric interfaces and engaging games are needed. Gala is expected to be among the top 25 projects in terms of creative output and accessibility, Brink added.
In addition to games, according to Brink, Gala has also made significant strides in other forms of entertainment. The project debuted in music and film with numerous films. Interesting events will soon appear during the gala music.
GALA recently overtook Bitcoin and Ethereum. The same feat can be repeated at the speed of altcoins.
4. ApeCoin (MONKEY)
Today, ApeCoin is showing new strength in the crypto market. This despite broader and more cautious market sentiment. NFTs aren't as popular as they used to be, but APE is gaining momentum. This is probably mainly due to users trading individual NFTs and various artworks.
APE tokens are backed by the Bored Ape Yacht Club NFT Collection. During the NFT Summit, the two companies appeared to be trading with each other. When the US Securities and Exchange Commission sued Coinbase and Binance for selling unregistered tokens, BAYC was not harmed. At that time, the reserve price of its NFT increased. They remained consistent even after the lawsuits began.
At that time, ApeCoin was not working well for unknown reasons. But it looks like the delay effect is over and the asset is about to kick in.
At the time of this report, APE is up 4.4%. Its trading volume in the last 24 hours is over $100 million. During this time, the market capitalization has increased to more than 750 million US dollars.
ApeCoin is one of the main competitors in the market thanks to the availability of NFTs. They may find other uses before NFTs return for the season.
continue reading
Wall Street memes are the next big cryptocurrency
- The Early Access presale is already underway
- A community of exchange and crypto traders has been formed
- Featured on BeInCrypto, Bitcoinist, Yahoo Finance
- Rate The Best Cryptocurrency To Buy In Meme Coins Now
- The team behind the OpenSea NFT collection is the Wall St Bulls
- Tweets replied by Elon Musk
Join our Telegram channel to stay up to date with the latest news