BCH Downtrend and EDX Markets
Bitcoin Cash (BCH) has experienced a downward trend since a significant surge in June, which was attributed to the news that BCH would be listed on crypto exchange EDX Markets. Backed by major financial institutions like Fidelity, Charles Schwab, and Citadel, EDX Markets launched a few months ago and is expected to receive favorable regulatory attention compared to its competitors like Coinbase.
Near-Term Price Prospects for BCH
The failure of BCH to break above the $200 level and surpass key resistance levels raises concerns about its near-term price prospects. This suggests that price predictions for BCH will likely remain bearish. If the cryptocurrency continues its recent downtrend, it is expected to retest recent lows around the $160 area, where key support zones are located. A strong sign of the bull market remaining intact would be if buyers aggressively purchase BCH upon a retest of $160. Otherwise, a fallback to the low $100s and previous ranges is possible.
Wall Street Memes and $WSM Token
Wall Street Memes, an online retail investing community with over 1 million followers across social media channels, aims to become “the king of crypto” with its own meme coin token called $WSM. The presale of $WSM has been highly successful, raising over $25 million and gaining support from influential figures in the crypto industry. Investors have limited time left to participate in the presale, which will end in under 14 days. Don’t miss out on an opportunity to invest in a token that could rival popular coins like Pepe Coin, Dogecoin, and Shiba Inu.
Hot Take: Wall Street Memes Launches $WSM Token Presale
Wall Street Memes, known as “the king of stonks,” is venturing into the world of cryptocurrencies with its own meme coin token called $WSM. The presale has already raised over $25 million and garnered support from industry influencers. With only a limited time remaining to participate, investors have the chance to get involved in a token that has the potential to rival established coins. If you’re looking for an exciting investment opportunity, consider joining the $WSM presale now.
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