After exceptionally positive price surges during March and April, it seems that the bears might be heading back into the crypto town after Bitcoin broke beneath the April lows this week, dragging the number one ranked cryptocurrency as low as $26,840. Unfortunately, the fresh monthly low for Bitcoin has stalled any potential market growth in the altcoin sector as it drags the entire industry lower.
Ethereum is in the same boat after losing ground at $1,800 today. The cryptocurrency has set a fresh monthly low, dipping as low as $1,740 today. Despite the looming market crash, it seems that traders are starting to hedge their bets by buying into crypto presales during the dip as a method of parking their cash until the retracement is complete – evidenced by the overwhelmingly high fundraising milestones in the presale figures.
With the market heading lower, here is an Ethereum price prediction alongside three of the best crypto crash coins to buy in this coming dip.
ETH Price Prediction: Will Ethereum Break the April 2023 Lows Next?
Ethereum has seen a remarkable price performance over the past two months after surging by over 50% from the March lows of $1,370 to reach the peak of $2,140 in April. Unfortunately, the bulls couldn’t push ETH above the April highs, and the market started trading in a range between $2,000 and $1,790.
Despite the bearish sentiment, Ethereum is still on a bullish trajectory after surging as much as 55% from the 2023 opening price to the current price level;
The chart above shows Ethereum throughout 2023. We can clearly see the upward price swing from the start of the year has stalled since hitting the April highs. Over the past fortnight, Ethereum has traded sideways between $2,000 and $1,790, but today’s break beneath the range indicates a short-term bearish trend.
Looking ahead, if the sellers break the current support at $1,750 – provided by a .5 Fibonacci Retracement level the next support lies at $1,700 (July 2021 lows). This is followed up with support at $1,650 (June 2021 Lows) and $1,590. If the sellers continue to drive ETH lower, further support is located at $1,510 (March 2021 lows), $1,490, and $1,370 (March 2023 lows).
On the other side, the first level of resistance lies at $1,910. This is followed by $2,000, $2,060, $2,100, $2,160, and $2,2200.
Unfortunately, the RSI is sitting beneath the midline, indicating that the sellers are in control of the market momentum. If the RSI continues to dip, we can expect the bearish momentum to increase and drag Ethereum beneath the April 2023 lows.
Are Traders Hedging Bets by Dumping ETH to Buy Low Cap Crypto Presales
While the bull market starts to show signs of weakness, it looks like traders are beginning to hedge their bets by selling ETH to invest in some low-cap crypto presales. This is evidenced by the fact that some presales are gaining significant momentum as their fundraising figures cross multiple millions in investment.
Here are three top crypto presales active today that are worth investing in for significant gains down the line while the market retraces.
AiDoge – Combining Memes and Artificial Intelligence to Create a Meme-to-Earn Ecosystem
AiDoge is one of the hottest presales in town after its presale crossed the $6 million fundraising milestone this week. Investors are rushing to this presale because it combines two of the hottest trends in crypto right now – memes and artificial intelligence. Combining these trends has created a revolutionary meme-to-earn ecosystem where users are rewarded for creating epic memes that go viral across the internet.
The project has created a groundbreaking meme-generation platform that utilizes artificial intelligence to allow users with no artistic experience to create legendary memes. It’s the first cryptocurrency project in the industry that uses artificial intelligence to create memes. The team behind the project wants to merge meme culture with AI technology to create a novel AI meme rewards platform.
Create Legendary Memes in Seconds and Earn Rewards
The team behind the project has made the process of meme creation extremely straightforward, providing users with a friendly interface where memes can be created using simple text-based prompts. These prompts are short descriptions written by the user to describe the type of meme they want to generate. The artificial intelligence will use this description to generate a ready-to-publish meme in a matter of seconds.
The innovative part of the project is that the artificial intelligence used to generate the memes has been trained on an extensive dataset of memes and crypto news, meaning that it knows exactly what type of memes users want to generate. Furthermore, the team will keep updating the AI with the latest news so it’s always up-to-date to create timely memes.
Once a meme has been generated, it’s sent straight to the Public Wall, a virtual space where users can upvote or downvote their favorite memes. Memes that rise to the top of the Public Wall are eligible to receive rewards in the native token each month to incentivize engagement in the platform. As a result, users are forced to think outside the box and use the AI to its fullest potential to create the best memes possible.
The presale for AiDoge is currently sitting in the ninth stage, selling the token for a price of $0.0000292. So far, it’s raised over $6 million in fundraising and shows no signs of slowing down. The presale uses an increasing pricing strategy, meaning that the price for $AI will increase during each stage. For example, in the tenth stage, the price for the token rises to $0.0000296 and will continue to increase across the planned twenty stages. Therefore, getting invested as early as possible is essential to leave the fundraising with higher levels of unrealized gains.
The best part about investing in this token is that it’s required to access the meme generator, giving it great utility. For example, users that wish to generate memes must purchase credits from the store using $AI tokens, helping to secure ongoing development and ecosystem sustainability.
Overall, there’s a solid reason why lots of ETH is being injected into AiDoge. Most investors are expecting huge returns from this project, with some even anticipating a 100x gain;
yPredict – A Revolutionary AI-Powered Analytics Platform for Better Trading Decisions
The next crypto presale generating significant traction is yPredict, a next-generation AI-based trading research and analysis platform that provides traders with data-driven insights to help them make better trading decisions. With financial markets losing their predictability due to the increased usage of bots and algorithms, traders are losing their statistical edge in the market. yPredict intends to change this by providing state-of-the-art financial prediction models and metrics that help traders make better trading decisions.
The ecosystem is filled with artificial intelligence and machine learning experts, financial quants, and traders, who have grouped together to create a suite of products to help traders make wiser decisions when trading. The primary features of the platform are:
- The prediction model marketplace.
- A trading analytics platform.
- A trading terminal.
- A high APY staking pool.
The best part about the platform is that it connects developers and traders together, allowing developers to provide a subscription-based model to list their financial prediction models in a results-as-a-service-based economy.
yPred Ecosystem Provides Utility for YPRED Holders
The presale is currently selling the YPRED token at a price of $0.05 in its fourth stage. The native token behind the platform is essential to the ecosystem as it’s required to access the trading analytics and is needed to subscribe to the prediction models on the marketplace.
All holders of YPRED are granted exclusive access to the yPredict Analytics platform, which helps them regain an edge in the market. The yPredict Analytics platform offers a new breed of trading tools that are entirely powered by AI that include pattern recognition, sentiment analysis, and indicator analysis. The AI is capable of alerting traders to potential breakouts and emerging trends before they happen, allowing them to get invested before the market moves.
Furthermore, the YPRED token is also required to subscribe to the subscription-based financial models in the yPredict Marketplace. Developers can utilize their skills in finance to list their prediction models in a results-as-a-service, allowing traders to subscribe to them on a monthly basis using YPRED tokens. Through the revenue generated, 70% goes directly to the developer, with the remaining 30% being injected back into the ecosystem.
The subscription model makes YPRED an attractive investment opportunity as it provides great utility with room for price growth as the ecosystem grows. There are a total of 100 million YPRED tokens, with half of the total supply being locked when the token is listed – making it an undervalued project with great growth potential from launch.
Again, the presale uses a rising pricing strategy, meaning it’s best to get invested earlier to take advantage of the higher unrealized gains when the presale ends.
Launchpad.xyz – Find the Next Best Web3 Emerging Trend to Invest In
The next best crypto coin to buy in this coming crash is Launchpad.xyz, a platform that provides all the tools a user would need to be successful in the Web3 space. Launchpad.xyz describes itself as the solution to Web3 and provides insights and learning, trading alpha analytics, and strategy to find the next best Web3 emerging trend to invest in.
The project is on a mission to revolutionize how everybody invests in Web3 by providing one dashboard to analyze and invest from. The platform intends to help users look beyond NFTs (although they can find great NFT opportunities there) in Web3 to look for investment opportunities. It offers smart data, analytics, and insights on crypto and NFT investments – all in one place.
The goal of the platform is to humanize how people interact with the Web3 space by making the interface more inviting, inclusive, and easy to use – helping beginners overcome technical jargon.
Use AI to Rank the Best Web3 Investment Opportunities.
Users can find the next best NFTs, fractionalized assets, utility tokens, presales, P2E ecosystems, metaverses, or crypto tokens on the platform. In addition, Launchpad.xyz provides an unbiased window into the latest Web3 investment opportunities. Its central portal helps individuals identify products relative to their interests to let them engage with as little friction as possible.
The best feature behind the platform is that all the best Web3 investment opportunities are ranked using an artificial intelligence alright, Launchpad Quotient (LQ). The LQ provides users with a single value to denote the risk-to-reward opportunity with any Web3 project. Using up to 400 data points, the LQ will provide a listing of the top opportunities using its bespoke AI model to help find emerging patterns to alert users.
Alongside finding the best Web3 opportunities, Launchpad.xyz also contains a decentralized exchange, a Web3 wallet, and a trading terminal – meaning users don’t need to leave the platform to interact with Web3 projects on different platforms. Instead, they can simply connect their wallets and invest straight from the Launchpad.xyz interface.
Launchpad.xyz is currently hosting a presale for its native token LPX. The token is required to access the platform in a stake-to-access subscription service, providing utility and demand for the native token. The presale has raised a total of $300,000 and is currently selling the token at $0.07. However, it’s also using a rising pricing mechanism, so it’s best to get invested as early as possible to take advantage of the low prices.