DeFi is falling, the Metaverse coins are crashing, and even elite cryptocurrencies like Bitcoin (BTC) are feeling the heat from the bearish cryptocurrency market. 2023 has been full of ups and downs, with the regulatory evolution in the Securities and Exchange Commission causing most of the bearish trends.
The meme coin sector is typical for playing by its own rules, and the bearish market doesn't exactly dictate how memes will turn out. Meme coins have been quite the headliners in 2023, with Floki Inu, Pepe coin, and recently, Anarchy (ANA) rising to the top of crypto buzz. Anarchy (ANA) is currently on an impressive presale run, with over $3 million realized in sales. Little wonder some analysts are placing the token in the top 10 tokens to buy in 2023.
And they are not the only ones. Even Bitcoin (BTC) investors are noticing the upstart meme project and considering investing massively in Anarchy's fortunes.
Here's why.
The Bitcoin (BTC) price has been at the mercy of the Securities and Exchange Commission since May, with pending proposals to render the token an Exchange Tradable Fund (ETF) in the US stock market. The elite platform launched in 2009 and introduced a decentralized form of trading in world finance. For its stability and consistency, institutional traders are getting more interested in the coin, hence the petitions for Bitcoin (BTC) ETFs.
The Bitcoin (BTC) price held its ground around $30,000 for a while after the first rejection of the ETF petitions in May, keeping its 2023 spike intact. However, as bearish waves got more intense in the cryptocurrency market, Bitcoin's price began to fall. It currently trades around $25,853 on Coinbase, following a second rejection of the ETF petitions after Gray-scale's SEC victory.
The predictions from Coin Telegraph indicate that the Bitcoin (BTC) price could fall to its latest support level at $22,000 in the next few weeks before testing other resistance levels. This doesn't sit well with most Bitcoin (BTC) investors, and with Anarchy's stellar presale, they are getting more interested in the meme coin's prospects.
There's a lot to gain from Anarchy's network this year and in the future. The token plans to beat the typical meme coin journey, with longevity and utilities at the heart of its project.
Stay tuned for more from Anarchy (ANA).
Meme coins are not the regular investment advice from most coin analysts, but one look at Anarchy's protocol will reveal a desire to dominate the crypto-verse. The ambition is unreal for a meme coin, and Anarchy's plans indicate it is every bit unlike its rival meme projects.
Anarchy (ANA) will benefit those who hold the token long-term the most, as its plans for profits are mainly from the DAO and its deflationary protocol. The DAO will handle project voting and approval on the platform, using the DAO treasury to finance the implementation of the approved crypto projects. Developers will be on hand to build, test, and deploy the optimized DApps for use on the Anarchy mainnet.
The deflationary protocol implies that Anarchy (ANA) will burn tokens after each transaction to reduce the total token supply and increase the ANA price with time. The Anarchy (ANA) project launches with about 69 billion tokens, and the vast supply could impede an increase in token value. So, as part of plans to foster growth, the protocol will burn 0.5% of each sell-and-transfer transaction on the mainnet, which will see ANA token holders benefit from the price rise.
DAO profits will also go to the long-term token holders who participate in voting or delegate their tokens for voting on the Anarchy (ANA) platform.
Here's where to go for your ANA investments.
Anarchy's presale is blazing through the crypto-verse, and Bitcoin's investors are next in line to start depositing their funds for ANA coins. With even more investors on the way and the profit window closing real fast, it's best you bag your ANA tokens now to get the most from your investments.
Each token sells for $0.00027 and you can buy them here on the presale website. Get your Anarchy (ANA) journey started today!
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.