The performance of the cryptocurrency market, especially Bitcoin BTC, can be brutal at times, and unfortunately, we are currently living through one of those times. Being a risky and new market it will be subject to volatility. It's no secret how volatile cryptocurrencies can be, but if you're smart enough, you can use them to your advantage.
We are currently in a down period. As always, BTC continues to be the benchmark in the entire market. When the number one cryptocurrency suffers, the entire market can suffer. But why now?
You can never be 100% sure why a market is bearish or bullish, but there is usually one factor that stands out above the rest. Last week ended with the market's worst week of the year, so things weren't looking good.
After interest rates hit a 22-year high a few weeks ago, rumors began circulating on August 17 that SpaceX was liquidating its bitcoin holdings. The global stock market is also going through a difficult period, so the low state is a combination of many factors.
While things aren't going so well at the top of the market, some very promising pre-sales are showing very positive signs that the new cryptocurrency will turn a profit before the end of the year.
Before we look at what makes them great investment candidates, let's see if Bitcoin continues its decline or if the flagship cryptocurrency will rise again.
Bright days ahead for Bitcoin
Below is a 7-day chart of Bitcoin (BTC) performance. After first breaking the $30,000 threshold, which he struggled with for a long time, many thought he would soon return to $50,000 , but it didn't turn out that way . As always, you can never predict how market conditions will develop.
Fortunately, Bitcoin is backed by research firm Delphi Digital. They recently published a study showing that Bitcoin follows a certain pattern in terms of price movements.
If you check it from the beginning, you will see that after each peak in the price of Bitcoin, there is a drop in the price, followed by a slow but steady recovery, which eventually leads to a new all-time high. Of course, there are periods of volatility between these phases, but this should be viewed from a more macro perspective .
So if the research is correct, we should set a new record by this time next year. While this is good news for the future, it does mean that investors should be very patient. Let's take a look at the above mentioned projects, they should be profitable by the end of the year.
Wall Street Memes - Last chance to buy before you bid
The Wall Street Meme ($WSM) presale was a huge hit, making it an easy choice for our list. Some may have thought that the $30 million cap was too ambitious, but they proved all the doubters wrong .
The listing is over a month away, but investors can still buy it at the final price.
The main thing Wall Street memes have going for them is the huge following they bring to the crypto world. Their online presence has more than a million social media followers and they are the center of discussion and humor.
The recent announcement that the rates will be available to investors only sweetens the bank. Learn how to buy Wall Street memes here.
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Sonic Coin - wants to be the fastest cryptocurrency with a market capitalization of 100 million dollars.
Speaking of coins that could make an impact before the start of the year, what about a project that wants to be the fastest cryptocurrency to reach a $100 million market cap? This is an ambitious plan that the Sonic Coin (SONIK) project has for itself.
Meme Coin looks like the perfect combination of fun and utility, so we think it can do just that.
Based on SEGA's mega-popular character Sonic the Hedgehog, Sonic is just as fast, maybe a little slower at the top, but in a fun way. Just discover all the original images on the SONIC website
Moreover, 40% of the distributed coins are reserved for stocking, and we have a perfect combo coin meme that is expected to generate a lot of income until 2024.
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Launchpad: Get ready to become a Web 3.0 expert on this site.
Web 3.0 technology is already fully integrated with the cryptocurrency market It seems you can't open a trading platform or crypto site that isn't being used or mentioned in some form.
Launchpad (LPX) acknowledges that we've gotten over the fact that not everyone is a Web 3.0 expert.
The site has ambitious plans to attract the next 10 million users to the new technology. Even a small part will bring a big profit to the project.
The site will become a platform for everyone from beginners to experts and will even offer trading tips on the best web 3.0 projects to invest in and which games to play.
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Pikamoon is a P2E game that can attract a record number of players
The blockchain gaming universe is growing, but it still has a long way to go before it becomes mainstream. Many traditional gamers probably don't try games out of fear of the unknown; This is why Pikamoon (Pika) can be so successful.
The P2E game is inspired by Pokemon, and in our opinion, the creatures in the game are actually better than some of the newer generation Pokemon. Obviously, the game offers passive income by completing missions, so if it can attract some Pokemon fans, it could be the game that ignites the blockchain industry.
result
So, once again, even though the market is currently bearish for Bitcoin and most other coins, good times lie ahead. While Bitcoin may reach an all-time high sometime next year, there are still some profit margins left until then .
Wall Street Memes, Sonik Coin and Launchpad XYZ in particular are offering pre-sales that should bring huge ROI before the year begins and are some of the best cryptocurrencies to buy right now.