As most investors shift to AI-driven crypto projects, conventional crypto platforms are losing their shine in the trillion-dollar market. Among the top ones, the BTC price and ETH have taken a recent hit amid shifting market conditions. On the flip side, a new AI-powered platform, Smart Yield Coin (SYC), has disrupted the market with its successful presale launch at $0.01 per token.
BTC price stumbles as crypto liquidations hit $900 million
In a surprising turn of events, Bitcoin (BTC) experienced a whopping $900 million liquidation after nearly 200,000 traders caused a massive outflow in the network, dropping the BTC price to a 7-week low. This happened soon after the Federal Reserve chair hinted the interest rate cuts at Jackson Hole last week.
Source: TradingView
Based on data from CoinGlass, most traders who opted out were holding long positions, which occurred as the BTC price briefly dropped below $109,000 on Coinbase.
Ethereum hits rock bottom: Tom Lee shares bearish outlook
Tom Lee, the managing partner for Fundstrat Global Advisors, recently hinted bearish signal forming in the Ethereum (ETH) network and that it could bottom out amid the broader crypto market plunge after his ETH treasury firm BitMine purchased $21 million worth of ETH tokens.
Source: TradingView
Lee shared Mark Newton’s (the managing director of technical strategy at Fundstrat Global Advisors) message, which stated that Ethereum (ETH) is a very good risk/reward right now. And that he was quite unsure whether or not the ETH coin would break the trend or last week’s low.
Smart Yield Coin (SYC) soars ahead amid BTC price plunge
While Ethereum and the struggling BTC price face a backlash from institutional investors, Smart Yield Coin (SYC) is making a strong bullish impression among the broader investor community. As a modern-gen financial platform, Smart Yield Coin is designed to address major crypto industry challenges through its advanced AI technology framework.
This new entrant is gaining popularity among institutional investors through:
- AI-driven gas fee predictions
- Passive earning mechanisms
- Cross-chain interoperability
- Crypto-backed debit and credit cards
- Effortless mining with its AutoMine feature
Investors ditch crypto giants for SYC, an emerging presale star
The growing enthusiasm for Smart Yield Coin (SYC) among institutional investors and retail traders is stealing the spotlight from other well-established crypto networks. In the latest market developments, the BTC price plunge and Ethereum’s bearish trend have scared investors away, as these two are headed to a potential crash with signs of reversal in the near term.
Meanwhile, Smart Yield Coin (SYC) is gaining traction for its ability to enable users to spend their crypto earnings easily through Smart Yield Pay via crypto debit and credit cards. The platform also allows SYC holders to swap, send, and manage digital assets across multiple blockchains with Smart Swap, without needing to switch tabs or hop from one platform to another.
Conclusion
While the BTC price dip has caused widespread panic in the crypto market, emerging presale star Smart Yield Coin (SYC) is gaining momentum in its presale stage 1, with over $80,000 raised. Early adopters are in luck as its current price is positioned to surge in the upcoming rounds, making $0.015 the lowest price to buy the SYC token out of its 10 presale stages.
To Find Out More About The SYC Presale, Use The Links Below:
Website: https://smartyieldcoin.com/
Telegram: https://t.me/smartyieldico/1
Twitter: https://x.com/smartyieldcoin
