Bitcoin Price and Other Major Cryptos Are Halving, But Traders Remain Bullish on These Tokens

As the crypto landscape continues to change, Bitcoin ($BTC) as well as several other cryptos have seen notable declines in recent days.

This bearishness has sent ripples of anxiety across the market, with many traders now wondering whether the bullish momentum is over for the time being.

However, despite the downturn, several new coins are emerging, offering a ray of hope.

Red Week for Crypto as Bitcoin Price Drops

It has been a rough week for crypto traders so far, with most major coins and tokens experiencing significant selloff.

The world’s largest cryptocurrency bitcoin has seen its price drop by 4% over the past day – and is now locked in the red for three days in a row.

This surprising change in fortunes comes after a period of sustained momentum for $BTC that saw the coin rise 27% in price last month.

However, this bullish momentum appears to have stalled, with $BTC struggling to overcome the crucial $31,000 level.

At the time of writing, $BTC is retesting $30,000 – an important psychological level that has often acted as support and resistance in previous market cycles.

If it fails to sustain, there could be further downside.

Market uncertainty dampens crypto enthusiasm

It’s not just bitcoin price experiencing a decline – major altcoins like Ethereum ($ETH) are also seeing bears taking control.

$ETH price is down more than 5% from Monday’s high, the coin is now trading around the $1,860 level.

A quick look at Coin360 heat map Big hitters like Ripple ($XRP) and Binance Coin ($BNB) are also facing a sharp drop in price, showing a sea of ​​red.

It appears that uncertainty is prevailing throughout the crypto market after this release Minutes of the Federal Reserve’s FOMC meeting suggest another rate hike is likely in July.

This is bearish news for the crypto market as higher interest rates could make riskier assets like cryptocurrencies less attractive to investors.

As a result, investor funds may be redirected towards “safe” financial instruments and away from crypto, leading to a widespread drop in coin/token values.

Despite the current headwinds, many traders are still hopeful of a correction – although only time will tell if their predictions are correct.

Which tokens are traders still bullish on?

However, it is not all doom and gloom in the crypto market, with several new projects gaining momentum and being in the news.

Two of these projects, Wall Street Memes and Thug Life, are gearing up for major exchange listings after their respective presales have ended.

Wall Street memes gear up for major CEX listing, raise $13.2 million in presales

Wall Street Memes ($WSM) is a new meme token that aims to capture the spirit of the r/WallStreetBets subreddit and the Gamestop saga, where retail investors challenged the big hitters on Wall Street.

The $WSM token is community-driven and aims to reward holders for showing faith in the Wall Street Memes brand – which is supported by over 1.1 million people worldwide.

The scale of Wall Street memes can be gauged from its success wall st bulls nft The collection, which launches in 2021, sold out in 32 minutes.

The popularity of the collection has prompted the creators to turn their attention to the crypto market, launching $WSM and hoping to capitalize on the ongoing meme coin craze.

The decision already appears to be bearing fruit, with high-profile names like crypto jamie Opted to join this project as a brand ambassador.

Wall Street Memes is now in phase 21 of 30 during its presale phase, having already raised $13.2 million.

Investors who get in early can buy $WSM tokens at an attractive price of only $0.031.

While the exact price for the intended CEX listing has not been disclosed, it is estimated that the price currently being offered will be a discount to the final listing price.

Visit Wall Street Memes Presale

Thug Life Aims To Be “Ballers Meme Coin” And Raise $600,000 In A Week

thug life ($thug) This is another new meme token that many believe is about to explode in the crypto market.

As its name suggests, Thug Life is a project that embraces an adventurous and engaging personality in the world of finance – which sets it apart from most other low-cap cryptos.

Thug Life’s branding includes a number of well-known memes and celebrities, including Snoop Dogg and Pepe the Frog, which is set to attract a broad demographic of retail investors.

Not only that, but the Thug Life team encourages investors to adopt a “gangsta” attitude and “get out” their money game.

As these statements highlight, Thug Life aims to foster a community-driven movement through humor and trolling — an approach that seems to be working, given the massive influx of new members near the official website. telegram channel,

Like Wall Street Memes, Thug Life is also in the presale phase, having already raised over $600,000 in just one week.

The pre-sale price of $THUG is $0.0007, which is fixed for the duration of the offering, ensuring early investors can secure their tokens at a stable price.

Visit Thug Life Presale

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