The cryptocurrency world is seeing a spark of optimism, as Binance Coin ($BNB) is showing promising price momentum.
Binance CEO Changpeng Zhao recently predicted a renewed rally for the cryptocurrency, sparking a wave of interest in $BNB.
At the same time, two new projects, Wall Street Memes (WSM in USD) and yPredict ($YPRED), are also attracting investor attention due to the record-breaking nature of the ongoing pre-sale phases.
Binance coin shows promise amid positive investor sentiment
The USD BNB price increased by more than 6% in the last 24 hours and it is now hovering around the USD 247 level.
The price has rejected the $231 support area several times in the past few weeks – the BNB dollar bulls are hoping the coin will maintain its bullish momentum this time around.
However, there is a major barrier ahead as the $250 resistance level is a tough test for the coin.
for every CoinMarketCapLast day, $896 million in BNB was traded – 183% higher than the previous day.
This makes $BNB the fourth largest cryptocurrency globally, behind Bitcoin ($BTC), Ethereum ($ETH), and Tether ($USDT).
Moreover, with Queen Gekko Reporting that 68% of the community “feel good” about $BNB indicates that investor sentiment remains fiercely bullish.
$BNB Price Rise As Binance CEO Predicts Next Crypto Bull Market
One of the main catalysts for the recent Binance Coin rush was the comments made by Binance CEO Changpeng “CZ” Zhao.
As I mentioned Investing.comZhao recently hosted a Q&A session on Twitter where he discussed his thoughts on the future of Bitcoin.
Zhao highlighted that, historically, the price of BTC has moved in four-year cycles — and he believes this pattern will continue.
Furthermore, the CEO of Binance mentioned a planned Bitcoin halving event in 2024, when the block reward for miners will be halved.
The trend seen earlier is that the year after the Bitcoin halving is often bullish — thus, Zhao believes that 2025 is likely to 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.
All of this contributes to the recent BNB price trend in USD, as the value of the coin is closely correlated with the performance of the Binance exchange.
Therefore, if demand rises due to a potential rally in Bitcoin and the need for Binance Coin rises in response to increased trading volumes, collectively this could push the $BNB price higher.
What else are the new bullish cryptocurrencies?
While $BNB continues to show resilience, other startups are also showing optimism.
Wall Street Memes ($WSM) and yPredict ($YPRED) are two such projects, currently attracting investor attention with their ongoing presales.
Wall Street Memes Presale Raises 14 Million – New King of Meme Coins?
Wall Street Memes ($WSM) is carving out a space in the meme coin market, providing a unique blend of finance and fun.
The project’s original token, $WSM, was designed to harness the power of the massive online community of “degens,” which spans over 1.1 million people.
By holding $WSM, fans of the meme coin can gain financial exposure to the continued growth and development of the community.
This massive following characterizes Wall Street Memes, as developers aim to unite small investors and challenge the “big players” on Wall Street.
In Wall Street Notes White papersOf the total supply of $2 billion in WSM tokens, 50% was allocated to investors before the sale.
In addition, 30% will be used for community rewards, while the remaining 20% will be reserved for CEX/DEX liquidity.
This setup of catchy icons has created much buzz around Wall Street Memes because it ensures that the community will control most of the show – not the developers.
In turn, that buzz translated into pre-sale momentum, with Wall Street now at $14 million.
Early investors can still buy WSM with this pre-offer for just $0.0313 – but with only a few stages left before it expires, the opportunity to secure the tokens at a discount won’t last much longer.
You can visit the preview of Wall Street Memes here.
yPredict is emerging as a new player in the AI crypto market and is approaching $3 million
yPredict ($YPRED) It is another new cryptocurrency that stands out in a challenging market, thanks to its combination of artificial intelligence (AI) and blockchain technology.
Harnessing the power of AI, yPredict provides advanced crypto analysis tools, unique SEO solutions, and even AI-powered trading signals.
In addition, 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 acts as the native utility code for yPredict.
By yPredict White papersThe project tokens are designed to reduce the risk of rug drag, with 80% of the total YPRED dollar supply allocated to pre-sale investors.
Furthermore, $YPRED has added value since token holders get access to yPredict’s premium features – such as the highly anticipated backlink estimator.
This setup contributed to the upside around yPredict, as the pre-bid for the project approached $3 million.
Early investors can purchase YPRED tokens for just $0.09 – a 33% discount on the planned CEX listing price of $0.12.
You can visit the yPredit preview here.
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