Despite a recent round of regulatory uncertainty coming from the US Securities and Exchange Commission (SEC), crypto prices are on the rise. Notably, Bitcoin (BTC), Ether (ETH), and meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) were among the cryptocurrencies whose value increased.
The SEC has accused several cryptocurrencies, including Binance’s BNB and BUSD, Cardano (ADA), Solana (SOL), and Cosmos (ATOM), of being unregistered securities. These cryptocurrencies remained subdued; however, those spared by the SEC’s allegations might be considered as safe havens against regulatory uncertainty. Investors may be moving from coins that may be deemed securities with potential regulation challenges into coins that face lesser risks.
While the SEC’s attention may affect Bitcoin and Ether prices, the cryptocurrencies that escaped the allegations may outperform at-risk tokens in the near future. This situation also highlights the importance of continued development and investments in the US crypto sector for promoting adoption.
For investors interested in high-risk crypto presales that have a history of yielding significant short-term gains, Ethereum blockchain-backed tokens seem to be a promising choice. These tokens are expected to encounter less regulatory scrutiny in the near term. Notable projects monitored by analysts include Wall Street Memes (WSM), AiDoge ($AI), and Ecoterra (ECOTERRA).
Wall Street Memes has already managed to raise $4.5 million in only 11 days and features a million-strong community that increases chances of a listing on top-tier crypto exchanges like Binance.
AiDoge, an upcoming memecoin project that makes use of AI technology to create memes, achieved a presale value of $14.9 million in a few weeks. It aims to revolutionize the meme market by providing financial rewards in the form of $AI tokens to the best meme creators, leveraging the “meme-to-earn” concept.
Ecoterra, the native cryptocurrency of a blockchain-powered green ecosystem, incentivizes environmentally-friendly behaviors. It offers a first-of-its-kind Recycle-to-Earn system for recycling and trading in recycled materials and offers solutions for carbon footprint offsetting.
While the regulatory landscape is evolving, these promising projects demonstrate the adaptability and resilience of the crypto community. With these tokens bypassing immediate regulatory issues, they may perform well in the foreseeable future.
Source: Cryptonews
