Crypto markets are generally flat or trading with a slight positive bias on Friday, with the latest US jobs numbers for June not having rocked the boat too much.
Bitcoin (BTC) was last around $30,000, ether (ETH) around $1,870, while the overall market’s capitalization was half a percent up around $1.18 trillion.
For crypto investors keen to diversify their holdings away from blue-chip names like bitcoin and ether, here are some of the best coins to consider buying on Friday.
eCash (XEC).
eCash (XEC), a proof-of-stake alternative to bitcoin that has its roots in Bitcoin Cash, has pumped over 11% on Friday.
In late June, the cryptocurrency broke to the north of a downtrend that had been in play going all the way back to August 2022.
After hitting multi-month highs above $0.000045 in early July, the cryptocurrency pulled back to retest its former downtrend at the start of this week.
However, the bulls piled back in and XEC is up more than 30% from earlier weekly lows around $0.00003 in the $0.000039 area.
If XEC can break above resistance at $0.000045, the door is open for a push to last summer's highs in the $0.00006 area.
Wall Street Memes (WSM).
Wall Street Memes, one of the internet’s hottest retail investing communities, rose to prominence in the meme stock craze of 2021 and has recently been expanding its relevance in the cryptocurrency space with the presale of its new $WSM token.
The success of the $WSM presale, which has raised more than $13.26 million in just over one month, isn’t surprising given the size of Wall Street Memes’ community.
Not only are there 523k hyper-engaged community members on its wallstbets Instagram account, there are another 214k on Twitter and more than 100k across its two other Instagram channels, wallstgonewild and wallstbullsnft.
All told, Wall Street Memes has a 1 million-strong social community of degens, which analysts think all but guarantees that the $WSM token will be listed on tier 1 crypto exchanges like Binance.
With 30% of the token supply being held back for community rewards, it can reasonably be expected that airdrops to holders will be a big part of the ecosystem.
Indeed, the first $WSM airdrop is open now.
Analysts are already predicting big things for Wall Street Memes when it lists on exchanges and you can be a part of it.
Visit Wall Street Memes Here
Filecoin (FIL).
Filecoin (FIL), the cryptocurrency that powers the Filecoin decentralized data storage network, was last trading around $4.40, still down more than 10% from its recent highs in the $4.90 area.
Some are concerned by the recent strong rejection of the 200-Day Moving Average, which is close to $5.0.
But FIL’s technical outlook remains strong given it recently broke to the north of a downtrend from the early 2023.
A return to yearly highs in the $9.50 area remains a strong possibility in the coming months.
DeeLance (DLANCE).
An innovative new web3 project called DeeLance is building a crypto and NFT-powered metaverse that, in an industry first, puts the jobs market on the blockchain.
The project, which is touted as one of 2023’s hottest crypto start-ups, is building a metaverse to unite freelancers and employers and promises to overhaul remote working forever, as well as the $761 billion-dollar recruitment sector.
Using the decentralization and transparency of the blockchain, DeeLance wants to remove overly powerful middlemen like Fiverr and...
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