As the second-largest cryptocurrency by market cap and the most popular blockchain network, Ethereum was expected to grow steadily in 2023 and beyond. However, even though it managed to break the $2,000 price mark in mid-April, the coin has again slipped below the two thousand mark.
According to the latest price predictions, ETH faces multiple issues, including a downtrend in deposits, reduced DEX volume market share, and a bearish bias. The token is currently hovering around $1.9K, which won't lead to any substantial returns soon. So, if you're looking for the best ETH alternative with high growth potential, keep reading to learn more about emerging coins such as $WSM, $AI, $SPONGE, ECOTERRA, $YPRED, and $DLANCE.
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Ethereum Likely To Stay Around $1.9K Long Term
Ethereum is facing a few problems no one saw coming. The news comes after the SEC gave a formal response to Coinbase's petition for complete crypto market regulation. The European Union took similar steps by approving the Markets in Crypto-Assets (MICA), which will regulate European crypto markets from mid-2024. Furthermore, surging gas fees are also pushing DApp developers away from Ethereum, resulting in a massive drop in deposits.
As ETH loses momentum, the Binance Smart Chain recognizes its chance to become the blockchain with the highest DEX volume in the world. ETH's DEX transactions dropped by over 50% since March, while BNB smart chain DEX trading volume increased from 7% to 14%. Lastly, ETH's future premium is now only 1% and could go negative in the next few weeks. These indicators show that ETH will likely struggle to break the $1,900 resistance level soon, making the crypto a bad short-term investment.
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New Tokens With Massive Return Potential
The following seven cryptos are entering a significant growth phase, leading to at least 10x returns for all token holders. Read on to learn more about the highest-gainers for 2023.
Wall Street Memes - Meme Coin With Massive Growth Potential
Wall Street Memes token, or $WSM, is the latest meme coin platform creating a massive buzz in the crypto community. It launched on May 26th and has raised over $1.9 million already. The platform is fully community driven and linked to the "WallStreetBets" Reddit community with over 420,000 members across multiple social media. Moreover, $WSM tokens are made by the same team who launched the Wall St Bulls NFT collection that sold out in 32 minutes for over $2.5 million.
$WSM tokens are available in presale for $0.0259, but the price will increase to $0.0262 after the platform raises $2.036 million. So hurry up and invest today to get the highest returns in the future.
AiDoge - AI-Powered Meme Generation Platform
AiDoge closed the $AI token presale a few days ago after raising over $14.9 million. All tokens sold out in less than a month, signaling a bright future for all token holders. The platform is gearing up for the first CEX/DEX listings, and judging by the presale's success, $AI tokens will likely explode, rewarding early investors with massive returns.
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The project is designed as a meme generation that allows users to generate viral memes in seconds. The AI that powers the process pulls relevant information from the internet creating funny memes that double as NFTs. AiDoge promises a lot of new features shortly, so invest today and join the next "King of Meme Coins" community.
$SPONGE - SpongeBob-Themed Meme Coin
The SpongeBob Token or $SPONGE is another meme coin inspired by history's most popular children's cartoon. Unlike most meme coins, $SPONGE tokens were launched on Uniswap on day one without advertising or online fanfare. The coin exploded immediately, leading to 2,500% for all early investors. The initial price increase has stabilized, but as $SPONGE will appear on other leading CEX/DEX listings, it is expected to repeat the bull run from a month ago.
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$SPONGE follows a similar path to $PEPE coins, and if everything works out, token holders could get massive returns in the next few months. So, don't miss your chance to invest in $SPONGE tokens and secure a more stable future for your loved ones.
Ecoterra - Eco-Friendly Recycle-2-Earn Platform
Ecoterra is one of the best long-term crypto investments you can make. It's a revolutionary eco-friendly platform that rewards users for recycling bottles, plastic containers, and other products. Namely, users will get a mobile app to scan products before disposing of them at the local recycling center. They will receive native $ECOTERRA tokens every time they scan a product, allowing users to earn tokens while making the world cleaner.
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$ECOTERRA tokens are still available in presale for $0.0085. However, the price will increase to $0.01 per token in the next few days, so invest today to get the highest returns after the first CEX/DEX listings.
yPredict - Accurate Crypto Trading and Price Prediction Platform
yPredict is one of the most valuable new crypto platforms in presale. It's primarily a crypto analytics platform using an advanced AI solution to analyze market trends and predict future prices. The $YPRED tokens are used as the utility and are needed to purchase features and unlock advanced analytics tools.
The official yPredict presale is active, so you can get your $YPRED tokens for only $0.09. Considering that the listing price will start at $0.12 if you invest today, you are guaranteed to get higher returns. In addition, the platform plans to unroll a marketplace and numerous advanced analytics tools shortly, allowing users to make better-informed decisions.
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DeeLance - Revolutionary Freelance Recruitment Platform
DeeLance is another revolutionary platform that will change an entire industry. It's the world's first crypto freelance recruitment platform that offers a secure environment where freelancers can find work and clients can find the talent they require. In addition, DeeLance will use blockchain technologies to ensure complete transparency across the platform, allowing both sides to collaborate without risks and high withdrawal costs.
Moreover, all freelancers get full ownership of their content, allowing them to establish themselves as recognized content creators. $DLANCE tokens will power the entire platform, and if you invest today, you will surely get massive returns throughout 2023 and beyond.
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Aptos - Scalable Layer 1 Blockchain Solution
Aptos is the fastest and most scalable Layer 1 blockchain solution ever to reach the markets. It includes essential features of the former Diem blockchain and Move, and it aims to provide platforms with faster processing times and zero risk. The platform was launched in late 2022 and has already reached the top 30 cryptos by market capitalization. However, Aptos is still in its earliest stages, so if you invest today, you can get huge returns.
Final Words
The cryptos covered above show signs of significant growth, making them excellent investment options in 2023. Sadly, ETH will not be able to break the current resistance levels in the next few months, so if you want to make money by trading cryptocurrencies, your focus should be on coins such as $WSM, $AI, $ECOTERRA, $YPRED, $DLANCE, and $SPONGE.
