Crypto markets are sprouting back in the green, after enduring several gruesome days, following Bitcoin’s retracement from its 11-month high above $31,000. Fear spread across the market, as analysts predicted a possible return to $22,000 while forecasting much bigger declines for altcoins.
Meanwhile, Bitcoin price is back above $29,000 on Wednesday despite growing uncertainty in connection to First Republic Bank in the United States.
As per the data provided by CoinGecko, BTC climbed to an intraday high of $29,173 earlier in the day before pulling back to trade at $28,970 in the European session.
The largest crypto is up nearly 6% in 24 hours after rebounding from critical support strengthened by the 50-day Exponential Moving Average (EMA).
On-chain data from Santiment attributes BTC’s rebound to rising social dominance, which often occurs when the market is gripped in euphoria – fear in this case.
“With #Bitcoin continuing to stay relatively flat while #altcoins fall, the percentage of discussions revolving around $BTC remains well above average. Generally, high social dominance for Bitcoin happens during market euphoria or (in this case) fear. Prices can rebound quickly,” Santiment said via Twitter.
San Francisco-based First Republic Bank shares plunged on Wednesday as markets opened following a dismal performance, as seen in the company’s quarterly report.
The bank has been hanging on a loose thread following more than-expected withdrawals surpassing $100 billion in March, which sparked fears of bankruptcy.
The banking sector in the US is barely out of the woods, considering three banks collapsed last month. Unexpectedly, cryptos remain stable during the crisis, with Bitcoin and Ethereum exhibiting stellar performances.
While the Bitcoin rally may not clear the industry and the market as safe for investment, investors like Arthur Hayes, BitMEX CEO believes digital assets can serve as a hedge against the conventional banking system.
“Everyone is going to take an ‘L’ unless they get some crypto or some gold—some hard asset that’s outside of the traditional banking system,” Hayes said in a statement.
For that reason, InsideBitcoins.com is introducing to you some of the best-performing crypto presales of 2023 which investors are capitalizing on to diversify their portfolios.
The tokens listed here are not only new projects, they are providing Web3 solutions to some of the world’s most challenging problems like climate change.
By offering the tokens in the presale, LHINU, DLANCE, and ECOTERRA have the potential to rally after debuting on exchanges just like other projects that the InsideBitcoins.com team has reviewed in the past, including Tamadoge (TAMA), FightOut (FGHT) and IMPT (IMPT).
Render Token Blasts 28% To $2.4
Render Token (RNDR) bulls are finally off the hook after unanimously defending support at $0.64, a move that allowed them to push for the resumption of the uptrend. RNDR is now trading at $2.32 following a 28% bullish move.
The ongoing surge in the value of RNDR can be attributed to a successful vote by the community on RNP-002 and RNP-003. These two votes were crucial for the network’s overall architecture.
With the adoption of RNP-002, Render Foundation can now proceed with introducing the BME model on the Solana blockchain.
Unlike Ethereum, Solana boasts high processing speeds, which enables thousands of transactions to be carried out per second, and a transaction cost of less than $0.01.
Render aims to leverage these features to help users work more efficiently and save on transaction costs.
On the other hand, the RNP-003 vote allows the Render Foundation to acquire and allocate resources to help scale the ecosystem. Moving forward, these votes will be updated to “Approved” and included in the roadmap.
The RNP voting process for RNP-002 and RNP-003 has officially come to an end!
Here are the results and what they mean for the future of the Render Network.🧵
— Render Network | RNDR (@RenderToken) April 26, 2023
Render Token price sits on top of a newly established robust support at $2.2 and bulls must defend it at all costs. From a technical perspective, the RNDR rally has just begun.
A buy signal from the Moving Average Convergence Divergence (MACD) implies that buyers have the upper hand. Holding above $2.2 will allow bulls to gather the necessary momentum to support the anticipated uptick beyond the next hurdle at $2.5 – needed to pave the way to $3.5.
Injective Price On the Verge Of Bull Run
Injective is the second token on this list after towering above the crypto market with gains surpassing 20% in 24 hours. The token appears to have rallied after the protocol collaborated with Celer Network to bring novel cross-chain asset transfers into Injective.
INJ token powers the Injective ecosystem – a decentralized exchange protocol that operates on the Ethereum blockchain. The INJ token serves as a utility token on the platform, enabling users to trade assets trustlessly, securely, and at high speed.
The partnership ship Celer Network will help the DEX achieve fiat on-ramp solutions & asset bridges to cloud service providers.
New day – new partnership!@CelerNetwork and @Injective_ are joining forces to bring novel cross-chain asset transfers into Injective.
From fiat on-ramp solutions & asset bridges to cloud service providers – Injective keeps expanding its circle of partnerships and capabilities. pic.twitter.com/qqgkmSHlxE
— Iryna | Everstake 🇺🇦 🥷 (@iryna_everstake) April 25, 2023
In the meantime, INJ is trading at $8.6 as another bullish week candle forms on the weekly chart. The most significant move investors would be looking out for brings Injective head-to-head with a multi-year descending trendline, tested twice in the last two weeks.
With the MACD flaunting a buy signal, the path with the least resistance is bound to remain to the upside unless profit-booking activities dampen the uptrend.
A break and hold above this trendline will not be able to contain the bulls, who are likely to seize the opportunity to reclaim all-time highs of $27.53 in April 2023.
The buyer congestion at $6 marks the most important support area. If it continues to hold, RNDR may keep the uptrend intact even if investors cash out due to resistance around $10, as highlighted by the descending trendline.
Love Hate Inu – A New Dawn For The Survey Market
Love Hate Inu ($LHINU) has rapidly gathered momentum, raising $7.27 million with its unique vote-2-earn platform that merges meme token frenzy and blockchain-based voting.
Good morning #LoveHateInu Gang!☀️
🎉We have amazing news to kickstart the day!
💰We’ve raised over $7M!💰
🙏Thank you to our entire community, you guys are the best!
Get your $LHINU today and don’t forget to participate in our #Meme challenge!🚀🐶💻https://t.co/Pu2Bo8WOUy pic.twitter.com/s7BpwLVv1d
— Love Hate Inu (@LoveHateInu) April 26, 2023
The groundbreaking Vote 2 Earn model allows $LHINU to leverage online communities that can engage in contentious debates and harness social media virality.
Love Hate Inu provides an avenue for users to earn rewards simply by sharing their opinions on various polarizing topics, such as politics, entertainment, social issues, and finance.
Using Blockchain technology ensures vote results are accurate and unmanipulated, making the platform secure and fully transparent.
Love Hate Inu CEO Carl Dawkins Foresees Significant Growth
Carl Dawkins, CEO of Love Hate Inu and advisor to the UK All Party Parliamentary Group on Crypto and Digital Assets, recently expressed his confidence that the $LHINU token presale would exceed its $10 million hard cap.
Dawkins had informed his social team on Monday that the project would reach $6 million, which has already been achieved.
The Love Hate Inu ecosystem comprises several key elements, including a user interface for wallet connectivity and real-time vote tracking.
Furthermore, the Vote Submission Platform enables the community to submit and approve poll proposals, while the Management Dashboard provides a transparent overview of the voting process.
LHINU the primary token in the ecosystem, unlocks the vote-to-earn mechanics for investors. To participate in Love Hate Inu polls, users must stake their $LHINU for a minimum of 30 days, preventing spam and vote manipulation.
Additionally, the system rewards user engagement and participation, so the more a user stakes, the more they can vote and earn.
The next stage of the presale is fast approaching, which means interested parties should act quickly as the token price will rise to $0.000135 in 8 days from the current $0.000125 paid for 1 LHINU token.
DeeLance – Bridging the Gap Between Recruiters and Freelancers
DeeLance is a new crypto ecosystem serving as a much-needed alternative for freelancers. Workplace dynamics are shifting, with freelancing emerging as a vital aspect of contemporary employment.
The growing interest in remote work has driven a notable uptick in freelance activity. For instance, over 65% of workers now prefer full-time remote positions.
By 2023, the global gig economy is forecast to surpass $450 billion, and the freelance sector is expected to reach $12 billion by 2028.
This growth offers businesses the chance to expand their freelance networks and establish strong industry ties. A majority of small businesses (70%) are increasingly relying on freelancers for cost-effective, flexible solutions.
Freelancing has become an attractive option for skilled professionals in countries such as the United States, Pakistan, and India, where freelancer earnings have risen dramatically.
DeeLance, which aims to be a “Web3 Space Where the World Works Together Smartly,” is a cutting-edge freelancer and recruitment platform built on decentralized Web3 technology.
DeeLance is committed to combining freelancing with innovative technology, including the metaverse, NFTs, and Web3.
DeeLancers, what can you expect in #NFTMarketplace?👨💻
🔐A composite marketplace for #NFT trades & transactions
💱Experience the NFT subscription model
🪙 List assets at a flexible price
🥇NFT catalogs to display popular NFTs
Join $DLANCE #presale!⬇️https://t.co/XHnTqVzeWf pic.twitter.com/w7inCOtS67
— DeeLance (@deelance_com) April 25, 2023
Through a fully decentralized environment, the platform seeks to prioritize users, empowering both buyers and sellers to directly manage their projects in a transparent and secure framework.
Enhanced experiences are achieved through lower transaction fees and cryptocurrency-based instant payments.
DeeLance’s goals include fostering a safe and sustainable gig economy that eliminates hurdles facing freelancers.
By leveraging advanced technology and the metaverse, the platform aims to combat corporate greed and excessive commissions that burden current platforms.
The entire freelance ecosystem relies on its network token called $DLANCE, which runs on the Ethereum blockchain.
Within a few weeks of the presale, DeeLance depicted impressive success. Trading at $0.029 USDT per token, early investors have raised more than $475,000 so far.
However, interested investors should act fast before the price per token rises to $0.033 in 18 days. $DLANCE is considered to be the world’s most advanced token available via an ongoing presale.
Crypto.com Coin Price Triggers A 20% Triangle Breakout
After blasting off on Wednesday with a 12% move, Crypto.com Coin (CRO) is trading at $0.0742. The native exchange token hit an intraday high of $0.0772 bolstered by renewed investor interest.
Trading volume across all trading platforms jumped by a whopping 980% to $119 million, while CRO’s market cap jumped by another 11% to $1.8 billion. Crypto.com Coin now ranks 39th in the market.
It is not clear which factors are behind this rally, however, CRO broke out of a symmetrical triangle with a 20% breakout target of $0.087.
Support at $0.068 has been vital to CRO since mid-March following a recovery rejection from $0.076. Crypto.com Coin had in the same month plunged to $0.0568.
The 50-day EMA limited CRO’s price action for more than four weeks. Hence, breaking above the moving average earlier on Wednesday catalyzed a much-awaited recovery move, later accentuated by the symmetrical triangle.
Resistance at $0.076 might keep CRO from immediately rallying to $0.087. Plus some traders would be waiting for a minor pullback, possibly to $0.072, and the triangle’s descending trendline before activating new buy orders.
The MACD confirms the prevailing bullish outlook. As long as the momentum indicator holds above the mean line at 0.00, investors can acclimatize to gains currently eyeing $0.1.
Ecoterra – Recycling To Earn Comes To Crypto
Ecoterra is developing an all-encompassing application that rewards users with ECOTERRA tokens for recycling, presents a user-friendly carbon offset marketplace for individuals and businesses, and provides a platform for businesses to purchase recycled goods using ECOTERRA or other cryptocurrencies.
The Recycle-2-Earn app from Ecoterra motivates users to participate in environmentally beneficial activities that have a positive impact on our planet. The Web3 app functions as an accessible portal to recycled material and carbon offset markets and allows users to track their ecological efforts via an impact profile.
Looking for a crypto project that’s eco-friendly and has a real-life function? 💚
ecoterra’s blockchain-based application allows users to use their $ECOTERRA utilised tokens to exchange for rewards🎁
Join our #Presale now ⬇️https://t.co/1fYkPOsPYG pic.twitter.com/0cQ54IPf6k
— ecoterra (@ecoterraio) April 26, 2023
Ecoterra has received substantial support during its presale within German-speaking nations, where there is a strong dedication to creating a sustainable economy focused on renewable energy and recycling.
The project has already started integrating well-known consumer brands, including Vittel, San Pellegrino, Heineken, and Dr. Pepper, into its app’s catalog of scannable recyclables.
What sets Ecoterra apart is its inventive use of non-fungible tokens (NFTs) to track and trade eco-friendly actions. By converting these actions into tradeable NFTs, the platform encourages users to contribute positively to the environment.
To finance its groundbreaking platform, Ecoterra is hosting a presale of the ECOTERRA token, which will power the app.
Half of the total 2 billion token supply will be released during the presale, with the remaining tokens allocated for ecosystem liquidity, listings, marketing, development, and corporate adoption.
Since the presale’s launch a few weeks ago, the project has already raised an impressive $2.44 million. This momentum is expected to intensify as the project garners more attention on social media in the coming weeks.
Conflux Price On the Move After Bitrue Listing
Conflux (CFX) token value is up in double-digit gains following its debut on Bitrue exchange. Trading at $0.33 on Wednesday CFX is on the brink of launching a new bull run. That said, traders and investors would be looking out for a daily close above the 50-day EMA (line in red) at $0.3192 to ascertain the validity of the uptrend.
🚀 $CFX trading opening in 6 hours!
💰 Deposit NOW to share 14,950 $CFX
✅ Complete the form: https://t.co/vtpQEGgTfB https://t.co/VzHwwUO4m9
— Bitrue (@BitrueOfficial) April 26, 2023
On the downside, support has been provided by a critical ascending trendline in conjunction with the 100-day EMA (line in blue) at $0.2527.
Conflux price has since January rallied every time it has claimed the 50-day EMA as support. However, this time, bulls may need another confirmation from the MACD indicator.
As observed on the daily chart, a buy signal would come into play as the MACD line in blue flips above the signal line in red. In addition, Conflux must weaken the primary resistance at $0.4 to ensure bulls stay in control ahead of the expected swing to $0.1.
Love Hate Inu – Newest Meme Coin
- Decentralized Polling – Vote to Earn
- Early Access Presale Live Now – Ends Soon
- $5 Million Raised
- Featured in Yahoo Finance, Bitcoinist
- Mint Memes of Survey Results as NFTs
- Staking Rewards
- Viral Potential, Growing Community