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The crypto world is witnessing a spark of optimism, with Binance Coin ($BNB) showing promising price momentum.
Binance CEO, Changpeng Zhao, has recently predicted a renewed crypto surge, inspiring a wave of interest in $BNB.
At the same time, two new projects, Wall Street Memes ($WSM) and yPredict ($YPRED), are also catching investors’ attention due to the record-breaking nature of their ongoing presale phases.
Binance Coin Displays Promise Amidst Positive Investor Sentiment
The $BNB price is up by over 6% in the past 24 hours and is now hovering around the $247 level.
Price has rejected the support region at $231 multiple times in the past few weeks – with $BNB bulls hopeful that the coin can sustain its upward momentum this time.
However, a key barrier lies ahead, with the resistance level at $250 presenting a tough test for the coin.
Per CoinMarketCap, $896 million worth of $BNB was traded in the past day – 183% higher than the previous day.
This makes $BNB the fourth-largest cryptocurrency globally, just behind Bitcoin ($BTC), Ethereum ($ETH), and Tether ($USDT).
Moreover, with CoinGecko reporting that 68% of the community is “feeling good” about $BNB, it suggests that investor sentiment remains heavily bullish.
$BNB Price Climbs as Binance CEO Predicts Next Crypto Bull Market
One of the main catalysts for Binance Coin’s recent surge is the comments made by Binance CEO, Changpeng “CZ” Zhao.
As reported by Investing.com, Zhao recently hosted a question-and-answer session on Twitter where he discussed his thoughts on Bitcoin’s future.
Zhao highlighted that, historically, the price of $BTC moves in four-year cycles – and he believes this pattern will continue.
Moreover, the Binance CEO mentioned the planned Bitcoin halving event in 2024, when the block reward for miners is cut in half.
A previously-seen trend is that the year following a Bitcoin halving is often bullish – therefore, Zhao believes that 2025 will likely be the next bull market for $BTC.
Interestingly, during this Twitter session, Zhao also noted that Binance is preparing for higher trading volumes in the next 18 months.
This all contributes to the recent $BNB price trends, given that the coin’s worth is intrinsically linked to the Binance exchange’s performance.
Therefore, if demand surges due to a potential Bitcoin bull run and the need for Binance Coin rises in response to increased trading volumes, these could collectively push $BNB’s price upward.
Which New Cryptos Are Also Bullish?
While $BNB continues to show resilience, other emerging projects are also demonstrating their bullishness.
Wall Street Memes ($WSM) and yPredict ($YPRED) are two of these projects, currently capturing investors’ attention through their ongoing presales.
Wall Street Memes Presale Raises 14m – New King of Meme Coins?
Wall Street Memes ($WSM) is carving out a space in the meme coin market, offering a unique combination of finance and fun.
The project’s native token, $WSM, is built to leverage the power of an enormous online community of “degens,” which spans over 1.1 million people.
By holding $WSM, meme coin enthusiasts can gain financial exposure to the community’s continued growth and evolution.
This massive following sets Wall Street Memes apart, with the developers aiming to unite small investors and challenge the “big players” on Wall Street.
Per the Wall Street Memes whitepaper, out of the total supply of two billion $WSM tokens, 50% are being set aside for presale investors.
Additionally, 30% will be used for community rewards, while the remaining 20% will be reserved for CEX/DEX liquidity.
This appealing tokenomics setup has further fuelled the hype around Wall Street Memes since it ensures that the community will control most of the supply – not the developers.
In turn, this hype has translated into presale momentum, with Wall Street now having reached the $14 million funding milestone.
Early investors can still buy $WSM through this presale for just $0.0313 – but with only a few stages left before it concludes, the opportunity to secure tokens at a discounted rate won’t last much longer.
You can visit the Wall Street Memes presale here.
yPredict Emerges as New Player in the AI Crypto Market & Nears $3m Milestone
yPredict ($YPRED) is another new crypto that’s standing out in a difficult market, thanks to its blend of artificial intelligence (AI) and blockchain technology.
Harnessing the power of AI, yPredict provides advanced crypto analytics tools, unique SEO solutions, and even AI-powered trading signals.
Additionally, yPredict uses machine learning to identify market trends, helping digital asset investors make better trading decisions.
All of these features are powered by $YPRED, which serves as yPredict’s native utility token.
Per the yPredict whitepaper, the project’s tokenomics have been designed to reduce the risk of a rug pull, with 80% of the total $YPRED supply reserved for presale investors.
Moreover, $YPRED has added value since token holders can access premium yPredict features – such as the highly-anticipated backlink estimator.
This setup has contributed to the bullishness around yPredict, with the project’s presale nearing the $3 million milestone.
Early investors can buy $YPRED tokens for just $0.09 – a 33% discount on the planned CEX listing price of $0.12.
You can visit the yPredit presale here.
Disclaimer
This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to the Trust Project guidelines for unbiased and transparent reporting, this content is created by a third party and is intended for promotional purposes. Readers are advised to verify information independently and consult with a professional before making decisions based on this sponsored content.
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