Bitcoin and Ether Trading Ranges: Market Updates and Best-Performing Low Cap Coins

Key Points:

Bitcoin (BTC) and Ether (ETH) are trading within their thin weekend ranges.
Cryptocurrency markets took a beating last week due to the pullback in US stocks and rising bond yields.
The US Securities and Exchange Commission (SEC) is reportedly close to approving Ether futures exchange-traded funds (ETFs).
Bitcoin and Ether’s recent breaks below their uptrends and moving averages have led to sell pressure.
Traders are turning to the highly illiquid meme coin/shitcoin market for quick gains.

Bic Token ($BIC):

A new shitcoin called Bic Token has been pumping since its launch, up 300% in the last 24 hours.
The token currently has a market cap of around $230,000 and $160,000 in locked liquidity.
Trading volumes in the past 24 hours are over $3 million, with nearly 650 holders.
DEXTools’ GoPlus security audit reveals no concerning aspects to the token’s contract.
Investors are encouraged to do their own diligence.

Ultraman ($ULTRA):

A shitcoin themed on a superhero called Ultraman has been pumping, up over 250% in the last 24 hours.
The token has a market cap of around $280,000 and $280,000 in unlocked liquidity.
DEXTools’ GoPlus security audit has revealed no concerning aspects to the token contract.
Traders should remain cautious as liquidity isn’t locked, potential for a rug pull attempt.

0xS ($0xS):

0xShibarium Token ($0xS) continues to pick up pace, up close to 200% in the last 24 hours.
The token has a market cap of over $5.5 million and over 750 holders.
$270,000 in six-month locked liquidity.
Traders should be aware of the 5% buy-and-sell tax, which is modifiable.
Potential for the token to be a scam.

Alternative Investment Strategy: Crypto Presales

An alternative high-risk-high-reward investment strategy is getting involved in crypto presales.

Investors buy tokens of up-start crypto projects to help fund their development.
Presale tokens are often sold cheap and can deliver huge exponential gains.
Identifying projects with great teams and revolutionary visions is crucial.

Hot Take:

Cryptocurrency markets are experiencing volatility as Bitcoin and Ether trade within thin ranges. The recent pullback in US stocks and rising bond yields have contributed to the bearish sentiment. Despite reports of potential Ether futures ETFs, the market has not seen a significant boost. Shitcoins like Bic Token, Ultraman, and 0xS have seen significant pumps, but caution is advised due to potential risks such as liquidity not being locked and modifiable buy-and-sell taxes. For those looking for high-risk-high-reward investments, participating in crypto presales can be an alternative strategy. However, thorough research and identification of promising projects are important. Overall, the cryptocurrency market remains volatile and unpredictable.