As ADA, Axie, Doge, and Shiba Make Fresh 2023 Lows, Here’s Where Experts Suggest Diversifying for Limited Downside Risk With Huge Future Potential

With the freshly injected uncertainty circulating throughout the cryptocurrency markets, it’s essential to learn how to protect yourself from further downside risks by not being too over-exposed to high-risk profile projects.

The SEC’s onslaught against crypto markets caused a wave of fear, resulting in altcoin markets tanking across the board over the weekend. Although BTC witnessed a relatively muted price fall, some heavyweight tokens such as ADA and AXS created fresh 2023 lows. In addition, it seems that memecoin markets are starting to shed as they also make new 2023 lows.

With markets sliding, experts suggest diversifying out of the tokens named in the SEC lawsuits by selling into stablecoins or investing in low-cap up-and-coming presale projects.

To find out which projects they recommend diversifying into, keep reading.

Altcoin Markets Collapse After SEC Tirade

The entire cryptocurrency market has been under attack from US financial regulators as the SEC made a move to take two of the world’s largest exchanges to court last week for violating financial regulations.

The SEC announced that they would be suing Binance.US and its CEO, Changpeng Zhao, last Monday, stating that Binance was operating as an unregistered US financial institution. In addition, the SEC took things further by saying that the company was misleading investors about the risk profile of the exchange, inflating trading volumes, and mixing customers’ funds.

Then, the following day, the SEC announced that it would also be suing Coinbase – delivering two blows to the market in the space of 48 hours. The SEC moved to sue Coinbase as the regulator alleged that the US-based exchange failed to register as an exchange in the country and is operating illegally.

Although Bitcoin held strong through the onslaught, most altcoin markets suffered heavily. This is largely due to the SEC stating that most of the altcoins on the Binance exchange are unlicensed securities – making them illegal to trade in the country. In the documents, the SEC stated that 67 altcoins are to be considered securities – including ADA, ATOM, BNB, AXS, SAND, SOL, and MATIC.

Memecoins and Heavyweight Tokens Set Fresh 2023 Lows

In the days following the SEC’s announcement, the altcoin markets digested the information by taking significant tumbles. For example, ADA fell by a very steep 27%, as it hit a fresh low not seen since January 2021 as it collapsed on the Binance exchange – reaching as low as $0.22 in the process.

In addition, memecoins seemed to feel the fear as they, too, crashed to create fresh 2023 lows.

Heavyweight memecoin Doge – often to be considered the kind – dropped by a steep 15% as it dropped toward the $0.06 level;

In addition, SHIB also suffered the same fate as it fell by 24% to create a fresh 2023 low;

Where Are Experts Suggesting to Park Funds?

With altcoins in the lawsuit suffering, experts are advising investors to start thinking about mitigating their risk by selling them into stablecoins or positioning a small portion of their assets into low-cap up-and-coming projects with strong upside potential.

Of course, selling altcoins into stablecoins until the dust settles is the safest option. However, this also removes all upside potential for investors.

Instead, a better option is to park a small portion of holdings into presales as they help to mitigate downside risks while retaining the opportunity for considerable future gains. Presale projects present closed markets, preventing them from being susceptible to market downturns – making them the perfect location to park cash.

However, you can’t just invest in any presale project; there are thousands to choose from. Fortunately, we’ve done some digging and found two of the most promising presale projects to consider a small investment in during the market turbulence.

Wall Street Memes – The New King of Memes on the Throne

The number one presale dominating headlines is for Wall Street Memes – the latest memecoin attempting to dethrone Dogecoin as the King of meme town. Wall Street Memes is undoubtedly the fastest-growing presale in 2023 after closing in on the $7 million fundraising milestone in just twenty days.

Wall Street Memes is a characterization of the internet’s triumph over capitalism. It was birthed from the GameStop fiasco of 2021, where the armchair Reddit investors challenged Wall Street to a battle at their own game and sent decades-old institutions tumbling in the process. Now, Wall Street Memes is tokenizing the memecoin movement through the WSM token – helping people to have an opportunity to engage in the speculation with an additional dish of humor to go alongside it.

The unique fusion of internet culture, meme-based humor, and finance has created one of the most sought-after presales in the memecoin sector as investors pile in out of curiosity to see its long-term prospects.

Despite just starting toward the end of May, Wall Street Memes has already amassed a humongous following, which currently sits above one million followers spread across its social media platforms. The reason it’s already created an enormous following is primarily due to its connections with Wall Street Bulls – an NFT collection that sold 420 NFTs in 2021 in just 32 minutes. Now, that same community is back to support Wall Street Memes, helping to drive the hype and FOMO behind the project.

Furthermore, another critical fundamental factor driving the FOMO behind this project is the fact that Elon Musk has already shown his interest – engaging with the Wall Street Memes Twitter profile on several occasions.

With Elon Musk showing that the project is already on his radar, investors are scrambling to get invested as early as possible because they believe that one more Tweet from the Twitter and Tesla CEO will cause WSM to explode.

Overall, the main goal behind this community-driven project is to make a mockery out of the traditional financial system while still providing an avenue for individuals to participate in crypto investments.

The strength of the project certainly lies in the community following it, which puts it in the perfect position to be listed on tier-1 exchanges as soon as the presale ends. In fact, many analysts believe that Binance could potentially list WSM once it launches, as it would benefit from the vast trading volumes.

WSM is currently hosting a presale, which is now in the thirteenth stage. The current stage is selling the token for a price of $0.0286, but the increasing pricing strategy means these low prices won’t be around for too long. The price for the WSM token will increase during each subsequent stage of the presale, so it’s important to get positioned as early as possible to take advantage of the low prices and leave the fundraising with higher levels of unrealized returns.

Buy WSM Today

Ecoterra – Recycle2Earn in Innovative

Another project worth diversifying into – totally different from the typical memecoins seen today – is Ecoterra. This project has created a groundbreaking Recycle2Earn application that allows people to earn rewards for recycling materials and taking positive action on climate change.

The revolutionary application takes elements of GameFi, like play-to-earn ecosystems, to create a platform that allows users to earn rewards while doing their part to help save the environment. Ecoterra wants to provide the required incentive to move to a more sustainable future by encouraging the recycling process to fight global warming and climate change. They want to educate the public on the need for recycling and provide them with adequate incentives for them to do it.

Ecoterra is currently hosting a presale for its ECOTERRA token and has already raised over $5 million in the process as eco-friendly investors rush to get involved during the early-stage low prices.

Users will be rewarded every time they recycle in the Ecoterra ecosystem, so long as they follow the steps outlined in the application. The team has ensured to make recycling as easy as possible – they simply have to scan, recycle, and earn –  making it an attractive method to earn a secondary income stream while helping to combat climate change.

The first step is to scan the barcode on any recyclable material to find an instant match in the Ecotter AI-powered database. The team constantly adds new brands to the database, and users can scan plastic, glass, and aluminum materials to receive a quote.

The next step is to head to the nearest Reverse Vending Machine to deposit the recyclable materials. The application will direct the user to the nearest RVM, with numerous machines available in most major metropolitan cities worldwide.

After depositing the items, the final step is to upload the receipt to the application to earn the rewards – it’s as easy as that.

The great thing about Ecoterra is that it’s more than just a Recycle2Earn application. Instead, it also contains a recycled materials marketplace, a carbon offset marketplace, and an impact-trackable profile to create a wide range of ecological actions.

The recycled materials marketplace connects buyers with companies all over the world to purchase recycled materials, such as plastic, glass, or aluminum. Users can browse to find the exact materials they require that make the biggest environmental impact and can pay in Ecoterra tokens.

The carbon offset marketplace allows users to purchase carbon offsets to reduce their carbon footprints. Previously, carbon offsets were only available for large corporations, but this new platform is opening the door to provide everybody the opportunity to reduce their carbon footprints.

Overall, Ecoterra has created a groundbreaking platform that incentivizes people to start thinking positively about the environment and earning rewards for helping the earth.

Buy Ecoterra Today