Why Is Crypto Crashing? Here’s Why Experts Are Bullish on These Upcoming Tokens
Why is crypto crashing, and is this just a temporary downturn? This is the crucial question on everyone’s mind right now.
Bitcoin’s ($BTC) halving came and went on April 20th. As yet, the market still hasn’t seen anything remotely resembling a bull run.
According to historical precedent, the software update—which reduces mining rewards and, in so doing, reduces the new supply of the world’s favorite cryptocurrency—could take a few months to kick in.
But many skeptical analysts argue that halving-related bull runs could be a thing of the past. They suggest that Bitcoin’s mid-March rally to an all-time high of $73,737.94 could have been the result of feverish hype-based speculation on the halving, which artificially inflated the price and negated the economic effects of the supply bottleneck.
Recent news that the US has approved several Ethereum ETF applications also seems to have done little to pump prices, although a large part of Bitcoin’s aforementioned rally to a new high watermark was also driven by immense hype around the launch of 11 spot Bitcoin ETFs back in January.
So, it would seem crypto has run out of narratives that can drive the entire market, but there are several virally marketed meme coin projects injecting the scene with some enticing value propositions.
In short, crypto isn’t crashing, it’s only resting. Here are three of the hottest presales in the sector, so readers can get in early.
A new generation of meme coins like ScottytheAI and WienerAI are doing what no other funny projects are doing right now: integrating artificial intelligence to provide their owners with value that remains even after the underlying meme has dated.
In addition to being a cyborg sausage dog meme coin with a hilarious backstory,
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