Since Bitcoin and other important cryptocurrencies are on the rise, these new tokens are also booming

Since Bitcoin and other important cryptocurrencies are on the rise, these new tokens are also booming

The cryptom market awakened again this week, with most coins and tokens recorded significant price increases.

Several remarkable events have contributed to the positive mood, and investors are now excited to find out whether the persistent dynamic can stop.

Investor's mood changes after a surprising bull market on the cryptoma market

This week a surprising bull market recorded the crypto market and ended the declining dynamic that has been going on since April.

Coins Bitcoin (BTC) and Ethereum (ETH) are leading, and investor's mood experiences a dramatic positive change.

This shift is documented by the Crypto Fear & Greed Index, which is now at 65-clearly in the "greed" area.

The last time that the index reached this high was on April 16, which shows how long it is that investors have shown so much trust in the cryptoma market.

Bitcoin, the largest cryptocurrency after market capitalization, has risen again over the $ 30,000 mark and has thus made up for the majority of its losses from the recent downlog.

Ethereum did not fall behind, because the token experienced a price increase that pressed it just below the decisive resistance area at $ 1,900.

Several old coins also participate: Coinmarketcap reports that Bitcoin Cash (BCH) rose by over 35 % last week and has reached a market capitalization of $ 2.7 billion.

The cryptom market is booming because Blackrock requested a spot BTC ETF

This sudden upward trend was attributed to several positive developments in the cryptor room, including new institutional interest and favorable interest decisions.

As far as the former is concerned, investor's mood improved after Blackrock had applied for a spot bitcoin ETF-the first of its kind in the USA.

Blackrock is the world's largest asset manager and so far an ETF application has only been rejected once, which indicates that the probability that this application will be accepted is relatively high.

The FED recently decided on the first time since March 2022 to suspend interest rate increases.

This indicates that interest rate reductions may not be far away, which means that “risky” assets such as cryptocurrencies appear more attractive for investors - which boosts demand.

Overall, the signs are optimistic that the market can continue this upward trend, which gives investors a fruitful second half of 2023.

Which coins you benefit from the Crypto Bull Run?

While Bitcoin and Ethereum are the leaders in the latest bull market, many other coins also benefit from the new interest of investors.

Two of these coins are Wall Street Memes (WSM) and Ypredict (YPRED), both of which attract enormous attention to private investors.

Wall Street Memes shak the cryptoma market and approach the $ 10 million mark

First of all, Wall Street Memes (WSM), a brand new meme coin that has triggered shock waves on the entire cryptom market.

WSM was developed to "token" the giant Wall Street Memes-Online community, which includes over 1.1 million "Degens".

The roots of this community go back to 2021, after the incredible introduction of Wall St Bulls Nfts.

All 10,000 of these NFTs were sold out within 32 minutes-which generated sales of $ 2.5 million.

Now the makers of this NFT collection attract their attention to the cryptom market and offer WSM in a 30-step advance booking phase before it will be debut on large stock exchanges later this year.

Many expect that the WSM market debut will be an explosive event when you consider that the advance sale has taken almost $ 10 million in just one month.

In addition, the Wall Street Memes team has already presented some exciting plans for the project's roadmap-including top-class influencer partnerships and an exclusive "Gated Community".

These plans are already in progress with the prominent influencer crypto jamie as project ambassador.