Bitcoin and Ethereum Price Declines Nearing an End? Experts Anticipate Upcoming Bullish Sentiment

Bitcoin and EthereumThere is a light at the end of the tunnel as signs point to Bitcoin (BTC) and Ethereum (ETH) price decline nearing as end. Both cryptocurrencies have had a rough week, with significant losses due to several reasons, but it would seem that the worst is over and experts predict bullish sentiment in the immediate future. Tokens that have managed to resist the downward pressure and overall market decline, like Wall Street Memes (WSM), Sonik (SONIK), and Launchpad XYZ (LPX) will benefit massively from the upcoming bullish trend

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Bitcoin and Ethereum Price Declined After Fed Hints at More Rate Hikes

The United States Federal Reserve confirmed its intentions to reduce inflation to 2% last week, triggering a price dip for both Bitcoin and Ethereum. Bitcoin fell below $29,000, causing a market-wide dip of nearly $20 billion or 1.7%. Ethereum also took a dive under its long-held resistance level of $1,800, ending up at $1,620.

The drop was caused by the FED’s decision to increase the benchmark interest rate to 5.25%-5.50%, the highest it has been in the last 22 years. FED reaffirmed its resolve to bring inflation down, but that fight may be a long one despite the robust job market and low unemployment. The interest rate hike affected both stock and crypto markets, cubing risk asset trading and steering investors to safer options like Treasury bonds.

Some tokens, however, seem to be unaffected by the current market slum and are also attracting investors’ attention in a similar manner. The trio of WSM, SONIK, and LPX have successfully resisted last week’s decline and even managed to boost their presale numbers.

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BTC and ETH Price Predictions Bullish in the Near Future

One piece of good news for Ethereum is coming from the U.S. Securities and Exchange Commission of all places. According to Bloomberg, the SEC is ready to approve several ETH products as securities, meaning they will be able to trade worldwide without restrictions.

This saves Ethereum from issues ADA and several other tokens are having, faced with lawsuits and potentially severe penalties. The news has already caused a slight bump in ETH price and some experts say that in the long-term this will be enough to trigger a bullish trend.

On the other hand, Bitcoin is still struggling and trading at $26.5k, well below its earlier resistance level of $30k. However, most analysts agree that it is only a matter of time before BTC rebounds as well and predict that it will end the year above $30k.

With the two most popular tokens in trouble, the crypto market prognosis would look rather bleak if it weren’t for several other tokens that are overperforming at the moment. WSM, SONIK, and LPX are blazing through their presales and a lot of investors are impressed with their performances. If you are looking for a safe crypto investment option for the upcoming bull market, these tokens should be among your first choices.

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Wall Street Memes (WSM) – Most Promising Meme Coin on the Market

Wall Street Memes is probably the most promising meme coin on the market. Backed by a massive community, WSM is blazing through its presale, having raised more than $25 million so far. As it approaches the end, investors are scrambling to get their hands on as many WSM tokens as they can, betting on it making record gains once it hits the open market.

WSM enjoys the backing of the community gathered around r/wallstreetbets, known for its defiance against the Wall Street establishment. For them, WSM is not just a good investment, but also a badge of honor, a meme coin that will bring the community even closer together and help them mock Wall Street and its greed.

Wall Street Memes is brought to us by the same team that was behind the Wall Street Bulls NFT collection, famous for selling out in less than 36 minutes. Their credentials are solid and remove any doubt about the project’s legitimacy.

The next stop for this ambitious meme coin is listing on major crypto exchanges, at which point we can expect to see a major price explosion. Considering that currently you can buy WSM for just $0.0337, it is easy to see why so many analysts claim that it can provide much better ROI than either BTC or ETH.

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Sonik (SONIK) – The Fastest Meme Coin in Existence

Even though there is a striking resemblance in appearance and name, Sonik is in no way, shape, or form affiliated with Sonic the Hedgehog. Sonik’s developers like to point out this fact any chance they have, just to be on the safe side if SEGA’s lawyers decide to take an interest in their token.

Sonik’s claim to fame comes from its speed. The creators have ambitiously stated that their goal is to make this hilarious token the fastest crypto to reach a $100 million market cap. While that may be a tall order, Sonik is off to a great start. Its presale is chugging along nicely and the word of a new meme coin sensation is spreading fast. We can already see the shape of a community forming around it and that is probably the most encouraging fact about Sonik.

Sonik’s presale has just started and early indicators point to it being a huge success. Of course, the real fun will begin once it is over and SONIK hits the crypto exchanges. At least it will be fun for people who bought it early and get to enjoy a massive windfall from its expected Moonshot.

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Launchpad XYZ (LPX) – A Must-Have Set of Tools for Crypto Traders

If you are a crypto trader looking to up your game, then Launchpad XYZ is the perfect app for you. A comprehensive set of tools that will allow even inexperienced traders to stay on top of the market trends, Launchpad XYZ may be one of the most revolutionary platforms on the market.  

The app’s native token LPX is not just a sound investment opportunity, but also a gateway to the entire ecosystem. Its holders will gain access to a comprehensive set of tools that will allow them to gauge the market accurately and make correct trading decisions. The token is still in presale, having raised more than $1.3 million so far, and it is quickly approaching its next roadmap stop, public listings. Once it is listed on major exchanges, early investors will enjoy massive ROI. On top of that, LPX seems like a much safer investment option than either BTC or ETH at the moment.

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Conclusion

Both Bitcoin and Ethereum have suffered significant losses in the last seven days, but things are taking a turn for the better. With the two biggest cryptocurrencies on the mend, the situation for the entire market is improving, but not all investors are convinced that BTC and ETH are the best options at the moment. Instead, they are focusing on tokens like WSM, SONIK, and LPX, which promise a much better ROI and offer a less risky investment.