The crypto market is experiencing a rebound, with Solana (SOL) and Toncoin (TON) leading the charge.
Both tokens are up significantly in the past week, providing welcome relief for investors.
This article takes a closer look at Solana and Toncoin’s recent price movements before highlighting three other coins that investors may wish to monitor this week.
Solana & Toncoin Soar as Crypto Market Bounces Back
First up is Solana, a token many believe could rival Ethereum due to its scalability and efficiency.
With its rapidly growing ecosystem, Solana has garnered significant attention from developers and investors – yet this attention hasn’t translated into consistent upside momentum.
However, things look like they are about to change, with SOL’s value soaring 13% in the past seven days.
At the time of writing, SOL hovers just below the $20 level, where price struggled during the first week of September.
Notably, SOL trading volume has increased by over 90% in the past 24 hours – indicating that the investment community is taking a keen interest in its recent momentum.
Toncoin has also been showcasing positive momentum, with the token’s value rising by 50% since last Monday.
This upward trajectory has pushed TON’s value to around $2.40 – a level that hasn’t been seen since March.
TON has closed in the green during three of the past four weeks and looks likely to continue that positive trajectory this week.
The token’s recent rise has even pushed it into the top 10 cryptocurrencies (as measured by market cap), ahead of other major crypto projects like Polkadot, Litecoin, and Polygon.
Which Other Cryptos Should Investors Watch This Week?
While Solana and Toncoin have been making headlines, they are not the only cryptocurrencies showing promise this week.
Let’s explore three other tokens that are catching the eye of investors and could be poised for sizable moves in the coming days.
Presale Momentum Positions WSM as New Meme Coin to Watch This Week
Wall Street Memes (WSM) has emerged as one of the most talked-about meme coin launches of 2023, mainly due to the project’s successful presale performance.
During this presale, which is now in its final stage, Wall Street Memes has raised over $25 million in investment as retail investors flock to secure their positions ahead of its open market debut.
With WSM tokens set to go live on “multiple” Tier-1 exchanges on September 27, prospective investors only have a small window of opportunity to participate in the presale.
Many in the Wall Street Memes Telegram community are looking ahead to these listings, believing that they could be a catalyst for a significant price spike.
Hyped-up presale launches have historically generated sizable early interest, leading to noteworthy gains. For example, the recent launch of BTC20 (BTC20) on decentralized exchanges saw the token’s value soar over 500% in a matter of hours.
Early WSM investors will hope that Wall Street Memes follows a similar trajectory, capitalizing on the initial momentum to achieve post-listing success.
Finally, with Wall Street Memes’ team recently launching a high-yield staking protocol for WSM, the token now has real-world utility – positioning it as a token to watch in the week ahead.
Bitcoin BSC Gains Steam in Ongoing Presale as Soft Cap Goal Nears
Bitcoin BSC (BTCBSC) is another exciting new crypto project that investors may wish to watch this week.
In the midst of a successful presale phase, Bitcoin BSC aims to bring the nostalgia and potential of Bitcoin’s early days to the fast and low-fee Binance Smart Chain.
According to Bitcoin BSC’s whitepaper, the total supply of BTCBSC tokens is capped at 21 million, matching Bitcoin’s circulation.
During the ongoing presale, 6.1 million of these tokens have been earmarked for early investors, all priced at just $0.99 each.
Since launching just under three weeks ago, Bitcoin BSC’s presale has raised over $3 million – and is trending to hit its soft cap target in the days ahead.
Notably, Bitcoin BSC’s team aims to ensure BTCBSC isn’t just another copy of Bitcoin by implementing a staking model that rewards holders with daily token payouts.
By staking BTCBSC, holders can obtain yields of 174% per year, with over 1.5 million tokens staked already.
Bitcoin BSC’s smart contract has also been strictly audited by Coinsult, ensuring the project meets the highest security standards.
With the presale continuing to gain traction, Bitcoin BSC is a crypto that investors may wish to watch over the short term.
BLZ Price Surges as Demand for Decentralized Data Storage Intensifies
Finally, the decentralized storage network Bluzelle (BLZ) is another crypto gaining traction right now.
Bluzelle provides secure and censorship-resistant data storage tailored for NFTs, DeFi, and the creator economy.
Its core products include Bluzelle DB, Bluzelle Oracles, and Bluzelle Staking, which allows BLZ holders to earn regular tokenized rewards.
Given Bluzelle’s array of features, the project has already built a large partner base, including Cosmos, Polkadot, and Polygon.
With data storage and connectivity becoming increasingly important in the world of crypto, Bluzelle fills an important gap, positioning it as a token that many investors are keeping an eye on in September.
BLZ tokens are currently trading around $0.19 and boast a market cap of $78.8 million, making it a low-cap crypto that could have significant upside potential.
If Bluzelle’s team continues to innovate and expand its partnerships, BLZ could see further demand (and value appreciation).
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