Cryptocurrencies are showing a relatively positive stance ahead of the upcoming revelation of key US inflation data, with Bitcoin and Ethereum subtly climbing in value. This scenario is potentially influenced by reports on BlackRock’s spot Bitcoin exchange-traded fund application, which is speculated to have a better chance of US SEC approval due to the incorporation of exchange user data sharing with regulators.
Amid these developments, crypto investors seeking to diversify might find interest in coins like Mina Protocol (MINA). Although currently following a downside trend since February, breaking out of this bearish trendline could pave the way for notable medium-term gains for MINA.
Also worth considering is the groundbreaking web3 project, DeeLance, which is revolutionizing remote work and the freelance market through blockchain technology. Replacing the often exploitative middleman model of platforms like Fiverr and Upwork, DeeLance aims to cultivate a decentralized, transparent freelance environment. Having already raised nearly $1.5 million the $DLANCE token presale, and having secured a significant $1.12 million strategic investment from Bitgert Ventures, the project’s potential is clear. Early adoption now might mean considerable returns when DLANCE debuts on major cryptocurrency exchanges later this year.
The Compound Finance’s COMP token, reintroducing its upward trend, reflects another opportunity. A rise beyond $70 a token could lead to a near-immediate rally towards $93, pointing to potential gains of approximately 40%.
Going beyond conventional crypto, Wall Street Memes’ $WSM token has generated over $14 million through presales, given the strength of its sizable – over 1 million strong – social community. Anticipations suggest that $WSM’s listing on top-tier crypto exchanges like Binance is almost definitive, and might be followed by airdrops for the community, making early investments all the more attractive.
Finally, Solana presents another promising option. Recovering to over 66% since its post-SEC lows, Solana is exhibiting a bullish trend. Upon breaching the downward trend, a test of key long-term resistance levels is foreseeable, rendering Solana a worthwhile addition to an investor’s portfolio. However, it should be stressed, cryptocurrency is a high-risk investment vehicle, and proper caution and diligence are advised when considering this digital frontier.
Source: Cryptonews
