Bitcoin price is at a two-month low, but these tokens remain bullish

In the wake of a severe crackdown on the cryptocurrency market, Bitcoin’s value has plunged below the $27,000 threshold — a low not seen since mid-March.

On May 10, US lawmakers came together for a joint hearing to address the fragmented regulatory landscape for domestic crypto regulation. The discussion revolved around adopting a more proactive approach similar to Europe’s model.

Despite this market-wide volatility, however, two unconventional crypto projects are bucking the trend. AiDoge ($AI) and Ecoterra ($ECOTERRA), throughout the tumult, have held their own – and shown remarkable price promise.

Bitcoin continues to navigate the choppy waters of regulatory pressure

It’s been a challenging week for Bitcoin investors, with the coin’s price down over 11% in the past seven days.

BTC is now trading below $26,400 after crashing through the vital support region at $27,000.

Investors are now worried that Bitcoin’s value could continue to fall – especially now that the price is trading well below the 20-day and 50-day exponential moving averages (EMA).

One of the main events driving Bitcoin’s price movements this week was the US lawmakers’ joint hearing on the future of digital asset regulation, held on May 10^th.

In this hearing, lawmakers discussed current crypto regulation in the states and pointed to the EU’s “Markets in Crypto Assets” (MiCA) framework as an example of how digital asset regulation should be implemented.

Moreover, lawmakers acknowledged the current lack of clarity for crypto-focused firms in the US – a challenge already highlighted by exchanges like Coinbase.

During the hearing, the participants’ views on America’s next step differed. While some advocated immediate comprehensive regulation, others suggested a more cautious “wait and see” approach.

Ultimately, while the joint hearing indicates that lawmakers are taking crypto regulation seriously, it remains to be seen whether any real progress will be made this year.

Because of this, Bitcoin (and altcoin) investors are still in the dark about whether or not their holdings will be more heavily regulated – leading to fear and uncertainty throughout the market.

This uncertainty has naturally contributed to BTC’s price drop – with crypto analysis platform Coinglass noting that the average long/short ratio for Bitcoin across all major exchanges is now skewed in favor of sellers.

Time will tell if Bitcoin continues to fall or if the price rejects the rapidly approaching 200-day EMA. Either way, it’s a tough time for investors – a far cry from the bullish sentiment experienced throughout March.

AiDoge defies the odds with groundbreaking AI Meme Generator, raises over $6m

But as Bitcoin navigates these challenging times, certain startup projects are showing resilience in this uncertain market environment.

First among these is AiDoge ($AI) – a new cryptocurrency project that has retained its allure, despite bearish conditions.

As defined in the project’s whitepaper, AiDoge aims to provide an AI-powered meme generation experience for all users. Using advanced AI technology, AiDoge allows users to create custom memes using text-based questions.

AiDoge’s “meme generator” has been trained on huge data sets and crypto news archives, ensuring that all images created are relevant and humorous.

As the meme generator uses text-based messages, users don’t need any photo editing experience – it’s simply a case of typing in the meme they want to create and it will be produced in seconds.

$AI is the native token of the AiDoge.com ecosystem, mainly used to purchase credits required when using the meme generator. However, $AI holders can also stake their tokens to earn extra credits or use them to upvote memes displayed on the “public wall.”

These features have the investment community buzzing, with over 17,800 people choosing to join AiDoge’s Telegram channel.

However, the project is still in its pre-sale phase, which means that potential investors can only purchase $AI tokens through the official website. Stage 9 of the presale is underway, meaning tokens are priced at $0.0000292 – 15% lower than the planned IPO price.

AiDoge’s pre-sale has raised a staggering $6 million since its launch in late April — and looks set to increase that total in the weeks ahead.

Visit AiDoge Presale

Ecoterra: Very promising green crypto with over $3 million invested so far

Another crypto project that is standing firm against the current wave of volatility is Ecoterra ($ECOTERRA).

Ecoterra is a blockchain-based platform that motivates people to recycle and reduce their carbon footprint. The platform does this through two main features – a ground-breaking “Recycle2Earn” app and a Carbon Offset marketplace.

The Recycle2Earn app allows users to recycle items via Reverse Vending Machines (RVMs) and earn $ECOTERRA tokens. In addition, users can also accumulate fiat currency, thus offering a double income opportunity.

On the other hand, the Carbon Offset marketplace allows users to purchase verified offsets using their $ECOTERRA holdings. Carbon offsets are notoriously inaccessible, but Ecoterra’s team intends to make them accessible to everyone, regardless of status or experience level.

As specified by the Ecoterra whitepaper, the platform will also feature a marketplace for recycled materials, where companies can easily purchase reused assets and an “Impact Profile” that publicly describes the environmental impact of each user.

Like AiDoge, Ecoterra is still in its pre-sales phase. Ecoterra’s presale will have nine stages, with stage 6 now underway – meaning investors can buy $ECOTERRA tokens for $0.00775.

With nearly $3.5 million raised already, there is a growing belief throughout the investment community that Ecoterra could be one of the most exciting eco-friendly cryptos to launch this year.

Visit Ecoterra Presale