Stellar (XLM) has experienced a 68% increase caused by Ripple’s victory in the Ripple vs. SEC lawsuit. After a judge ruled that XRP cannot be considered a security and does not violate any security laws, XRP surged, causing a rally in several other cryptos, including Stellar.
As all eyes are currently on Stellar, investors are also advised to look at some of the other promising cryptos in existence, such as Wall Street Memes ($WSM), BTC20 ($BTC20), Chimpzee (CHIMPZ), yPredict (YPRED), and Launchpad XYZ (LPX), lest they pass on an opportunity to profit.
Stellar to the Moon: Are there any alternatives?
$XLM, which is the native token of Stellar, surged to a 14-month high, even rallying over 100% at one point last week. The surge in price also influenced other investors, leading to exceptionally high levels of engagement in the Stellar market. Currently, $XLM is at $0.1291. Many analysts are wondering whether $XLM has the potential to reach $2.
This will depend on whether XRP continues to challenge the $1 level and whether Bitcoin maintains its influence on broader crypto market sentiment. Over the past year, $XLM has appreciated by 42%, which has positioned it as an outperformer. Its amazing performance has led it to surpass 80% of the top 100 cryptos when it comes to one-year returns.
While the future prospects of Stellar look good, investors may be missing out on even more gains if they do not consider the following new crypto projects currently on their ICO stages:
Wall Street Memes Token ($WSM): Tokenizing the Wall Street Movement
One of the cryptocurrencies that has generated a lot of hype is the Wall Street Memes Token. It is a meme coin with a purpose, as it represents the internet’s victory over big institutional investors. Unlike a lot of other meme coins, which do not have a deep meaning or concept behind them, Wall Street Memes has struck a chord with investors who want to support its message.
Wall Street Memes Token has already amassed a huge and vibrant community numbering almost a million thanks to its online promotional tactics. Its Twitter activity has attracted the attention of many influencers in addition to potential investors. So investors should hurry up if they want to be a part of this movement and profit from it.
BTC20 ($BTC20) – Bitcoin on the Advanced Ethereum Blockchain
BTC20 is a new ERC-20 crypto token built on Ethereum, utilising Proof-of-Stake (PoS) technology to allow users to earn passive income through staking. It draws inspiration from the early days of Bitcoin in 2011, when its price was $1 and it had a circulating supply of 6.05 million tokens. To participate, individuals can buy $BTC20 for $1 and stake their tokens through an Ethereum-based staking contract.
The token releases are aligned with the original Bitcoin block reward mechanism. Three million BTC20 tokens will be sold for $1, with an additional 3.05 million available, totaling 6.05 million tokens. The remaining 14.95 million tokens will be locked in the staking contract, offering users the opportunity to actively stake their BTC20 tokens and receive staking rewards. So investors should hurry up and add BTC20 as a target for their portfolios.
Chimpzee: The eco-friendly token with a mission
With the whole world now focusing on the fight against climate change, more and more environmentally-focused projects are starting to emerge. The latest example is Chimpzee, a revolutionary new crypto concept that encourages green practices.
Chimpzee has demonstrated incredible dedication to the environment. It will allocate 10% of every token to rainforest conservation charities. It has also decided to allocate a share of its profits from the ecosystem towards charitable donations. It is the first project that has introduced Shop2Earn, Trade2Earn, and Play2Earn under one platform. So interested investors who have an interest in contributing to the fight against climate change can join Chimpzee now.
yPredict – Changing the Way We Trade
yPredict ($YPRED) has been thriving even in the midst of a crypto bear market, attracting attention from retail traders seeking stability. The platform stands out due to its cutting-edge AI technology that powers an impressive range of trading tools, making it a popular choice among traders of all levels. Holders of $YPRED tokens gain free access to the Predictions platform, which offers accurate price predictions for numerous cryptocurrencies and securities.
In addition to its strong crypto analytics, yPredict is venturing into the world of SEO with its AI backlink estimator tool. This innovative feature uses a vast dataset of over 100 million links to predict ideal backlinks for ranking keywords, transforming SEO strategies with data-driven recommendations. The platform has raised over $3 million in its presale, and time is running out for investors to get $YPRED tokens at a lower price.
Launchpad XYZ: The New and Innovative Web 3.0 Platform
Launchpad XYZ is a blockchain-powered platform that offers early access to valuable crypto projects for users, traders, and investors. The platform provides access to private presales, fractionalized assets, play-to-earn games, metaverse projects, and NFT technology. By gaining early access to these projects through Launchpad XYZ, users can potentially enjoy significant gains upon their market launch.
In addition to its investment opportunities, Launchpad introduces the Launchpad Quotient (LQ), a tool that rates a project’s potential on a scale of 1 to 100. This tool helps investors find the top crypto presales and NFT mints for the best investment opportunities. Launchpad is also developing its decentralized exchange (DEX) platform, where users can analyze, purchase, and sell tokens, including its native token, LPX.
Holding LPX tokens grants users access to Launchpad’s features, including early access to crypto projects, guaranteed access to new NFT mints, exclusive presales for private investors, trading discounts, and reduced commissions on the DEX platform.
Binance Coin ($BNB): The Best Crypto Exchange Token
Binance has always played a leading role in stabilizing the industry. This means that BNB is also one of the coins that has attracted a lot of attention in the market. The token plays a major role in providing numerous benefits, such as reduced fees when trading on the Binance exchange.
It is also deflationary in nature, which can have a positive effect on its value over time. Investors who are interested in using Binance to the fullest can invest in the $BNB token in hopes of gaining gains going forward.
2023 has been good for the overall market after a disastrous 2022. Recent developments have triggered a bullish run for most cryptos, including Stellar. This makes it the perfect time to invest in the cryptocurrencies mentioned above. All of them have strong fundamentals and low market caps that provide investors with a low-risk, high-reward combination.