Following a positive macro event, the crypto market is gradually solidifying its bullish trend, resulting in a scaled-back market valuation of $1.19 trillion.
Bitcoin is at the forefront of this major uptrend, making a strong comeback to the $30,000 price tag. However, Bitcoin is not the only main beneficiary of this bullish sentiment.
Popular proof-of-work (PoW) protocol Ethereum Classic has experienced significant growth, surging over 23% in the past week. This impressive uptrend is attracting investors back into the market.
Meanwhile, a fast-rising crypto project, Wall Street Memes, is also garnering attention on the internet.
This innovative project serves as a hub for all internet financial memes and aims to offer earning opportunities to investors.
Ethereum Classic Gains Over 11% in Past Day
In the past week, institutional investors have flooded the crypto market, with many filing for Bitcoin spot exchange-traded funds (ETFs).
This influx has breathed new life into the financial landscape. So far, the crypto market has gained 1.19% with a north trajectory growth of $1.2 trillion.
Among the altcoins enjoying a massive uptrend is Ethereum Classic. At press time, $ETC is trading at $18.95, indicating an uptrend of 11.17% in the past day.
The growth trajectory has since spilled into its long-term gain, with $ETC garnering 23.8% in the past week and a 6.19% increase in the last 30 days.
However, its 90-day break has not been promising, as the PoW coin experienced a slump of 5.65%.
Meanwhile, its 180-day growth is at an impressive 16.54%, while a year-to-date (YTD) performance of 20.38% has given investors an uplift.
So far in the past year, the Ethereum Classic protocol has snapped up 18.52%, making it one of the best-performing cryptocurrencies in the burgeoning ecosystem.
For its technical performance, $ETC is bullish, given that its 50-day simple moving average (SMA) price of $17.64 is below its current price trajectory.
However, there is a close match-up in its 200-day SMA price of $19.84, which means a continued market uptrend could see it break above this long-term resistance point.
Other technicals show that $ETC’s relative strength index (RSI) oscillator figure stands at 68.14, which is rapidly progressing toward the overbought region.
The asset’s moving average convergence divergence (MACD) shows a strong buy signal, indicating a growing buying pressure on the first-ever smart contract protocol.
Additionally, the Ethereum Classic protocol has accumulated a strong fundamental base to support its bullish price trajectory.
$ETC has recently been added to lists of assets supported by Web3 portfolio tracker DeBankDeFi.
The token is one of the crypto industry’s biggest altcoins and has built a strong reputation over the years.
However, savvy investors are hunting for promising projects with huge upside potential. One such is Wall Street Memes.
Wall Street Memes: Internet’s Triumph Over Capitalism
The GameStop saga of 2021 brought the world to a standstill due to a standoff between retail investors championed by the WallStreetBets subreddit and institutional investors.
This event highlighted the power of the internet in creating a strong community bond to pursue a common goal.
The WallStreetBets phenomenon has now extended into various industries, including the crypto space.
In the emerging industry, the Wall Street standoff represents a radical move and a celebration of the internet’s triumph over rampant capitalism.
This is reflected by the Wall Street Memes project, which is a full compilation of all financial memes. Think Pepe-the-frog, Wojak, and all other popular memes that have inundated the financial space.
Through blockchain technology, Wall Street Memes aims to tokenize this entire experience, offering investors an opportunity to profit from seemingly worthless coins.
What sets Wall Street Memes apart is its impressive track record. The project team was responsible for the successful launch of the Wall Street Bulls NFT collection on the Ethereum network, which sold out in under 32 minutes.
The team has also launched a similar operation on the Bitcoin network with the Wall Street Bulls Ordinals NFT collection.
The meme coin project has already garnered significant attention in the crypto space, with influential figures like Elon Musk engaging with it.
Moreover, Wall Street Memes has amassed a community of over 1 million subscribers, reflecting its growing popularity.
With meme coins being a major attraction in the crypto space, Wall Street Memes could become the next king of memes following its strong community base.
This would easily transmute to a tier-1 listing in no distant future. Like most crypto projects, the cutting-edge project is backed by a network token called $WSM.
Currently in its presale stage, the $WSM token has already raised over $10 million within a month of its launch. This indicates a strong investor base backing the project’s subsequent success in the near term.
Buy $WSM Now
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
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