After months of stable gains, most leading cryptocurrencies entered a price consolidation phase that could turn bearish in the next few weeks. Leading cryptos like Bitcoin, Shiba Inu, Ripple, and many others are struggling to stay at their current support levels, and according to a large percentage of traders, they will likely lose value in the upcoming weeks.
The situation has forced thousands of traders to diversify their investments into emerging altcoins and other cryptocurrencies, entering a bullish period. Of course, Wall Street Memes is their favorite choice by far, so let’s see what’s going on up close.
Bitcoin Price Likely To Fall In September
Bitcoin price has entered dangerous territory and has barely held on to the $25,000 support level for almost a month. The situation is becoming increasingly complicated, and unless Bitcoin finds stable ground, it could slip below the $24,000 price level. If that happens, the demand will plummet, resulting in further price drops that could drop below $22,000 before the crypto enters a growth phase once again. BTC lost over 11,50% in the past 30 days, and despite jumping to $28,000 in early September, the world’s highest-ranked crypto is still in decline.
However, if the price stays above the $25,000 level for a few days, it could enter a bullish phase, driving the token’s price to the next resistance level of $29,700. It’s hard to tell where things will lead as BTC prices are moving very close to the current resistance level, but the general conclusion is that Bitcoin is not a safe investment option.
Shiba Inu Entering a Downtrend
Like Bitcoin, Shiba Inu has been in a slow but steady downward trend for the past month. Many token holders are choosing to hold on to their SHIB coins, while the number of buyers is slowly decreasing, negatively impacting overall value. For example, SHIB was worth $0.00000848 on August 30th, dropping to $0.0000076 due to a small daily trading volume. However, the 24-hour trading volume is up by 14% in the past month, which could help the token break out of the current resistance level.
The token struggles to regain ground, enter the consolidation phase, and stabilize. The buyers are clearly trying to work together to push the token’s price away from the resistance level, but even that will not result in any significant gains soon. Shiba Inu lost about 7.34% in the last quarter and over 30.8% in the past six months. All indicators point to a downtrend, or at best, a steady neutral phase that could last for months.
Ripple Waiting For Bulls To Act
Despite experiencing significant gains after Ripple’s partial win in court against the SEC, XRP tokens are still stagnant around the $0.50 price mark. The demand for tokens is high, but most crypto bulls are not taking any action, which puts Ripple at risk of a potential price drop, which could push XRP tokens below the $0.48 support line. If that would happen, any chances of short-term bull runs would be wiped out, and the token could keep dropping to the $0.46 price point.
In the worst case, XRP tokens could fall back to as low as $0.4191, a 15% drop compared to current price levels. Most significant indicators point to a downward trend, so Ripple is losing momentum. However, bulls are still present in the market, and if they increase activity, XRP could get a significant boost. The token could break through the $0.5040 mark, which would mean that the gains won’t be that impressive at all.
Wall Street Memes – The Hottest Investment Option At The Moment
Wall Street Memes has been the hottest investment option in the past few months. It’s the latest addition to the meme coin niche and has excited thousands of early investors. The platform is developed and run by the Wall Street Bulls Reddit community, which managed to do some incredible things in the past. Its first major success was over the GameStop stock controversy in 2021 when the community managed to outplay one of the largest hedge funds on the planet. Then, the organization released an NFT collection that sold out in 32 minutes, raising over $2.5 million.
Wall Street Memes is their attempt to tokenize their historical success, and since the community has over 1.1 million members, it took off as soon as the news broke out. However, no one could predict the massive interest among investors, which resulted in one of the most successful meme coin presales ever recorded. The event pushed through the first 20 goals in a little over a month, raising over $25 million without showing signs of slowing down.
Little To Go Until First Listings
The presale is now in its final stage, during which you can get $WSM tokens for $0.0337. The platform will launch in late September, appearing on multiple leading crypto exchanges. If the event follows a similar path to the presale, $WSM tokens could result in impressive gains.
Therefore, if you’re looking for an altcoin with high gain potential at a time when most popular cryptocurrencies are struggling to stay afloat, take a chance and get your $WSM tokens during the ongoing presale while you still can enjoy the highest returns in about a month.
Wrapping Up
Crypto markets are currently retracting, and even some of the biggest platforms, including Bitcoin, Shiba Inu, and Ripple, are having a hard time attracting investors. The risk is greater than the rewards, which is why so many whales are moving their investments to emerging platforms, with Wall Street Memes leading the way. September will be an extremely exciting month for everyone who jumped on the Wall Street Memes train, so get your ticket before all seats are sold out!
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