JPMorgan Stablecoin Rumors Drive Up Crypto Market—Plus, 3 Crypto Presales to Watch

After a bleak weekend, the crypto market rallied Monday evening as JPMorgan Chase filed to trademark ‘JPMD’, which is suspected to stand for JPMorgan Chase Dollar and to be a stablecoin.

Even if it prefers its own currencies. Wall Street’s grudging acceptance of digital assets has sent the crypto market back to the green. Even presales such as Best Wallet Token ($BEST) and Snorter Token ($SNORT) are trending. Let’s look a little deeper.

D Stands for?

The filing at the USPTO (US Patent and Trademark Office) is for a brand name or logo called ‘JPMD’.

While no further elaboration of the acronym is provided, it comes with a long list of purposes that includes ‘providing trading, exchange, transfer, and payment services for digital assets….’

Nowhere does it read stablecoin, either, but industry experts believe the description is consistent with that of a stablecoin, a digital asset pegged one-to-one to the U.S. dollar. The D is another clue, as it’s been used this way in other US dollar-based stablecoins like Circle’s $USDC.

As further testimony of its changing attitude to crypto, earlier this month, JPMorgan Chase even began accepting some of its clients’ crypto-linked assets as collateral.

JPMorgan Stocks, Bitcoin, Other Crypto Surge

As news of JPMorgan’s filing made it through the crypto rumor mill, the market responded in favor, temporarily driving up the values of major cryptocurrencies, including $BTC and $ETH.

JPMorgan’s stocks also rose, hitting over $270 per share, a level not seen since February.

From Wall Street to Crypto Street, Could These Presales Rally Next?

Traditional financial institutions know they can no longer continue to ignore digital assets, and neither can you. If you’re looking for a low-cap entry point, here are three crypto presales worth considering right now:

1. Best Wallet Token ($BEST) – Invest in Tomorrow’s Top Crypto Wallet

As more and more people buy crypto, there’s a growing need for a user-friendly crypto wallet to safely store their valuable digital assets.

This is where Best Wallet comes in. As a non-custodial crypto wallet, it lets you buy, store, and swap crypto securely, and as a No-KYC wallet, it lets you do so while protecting your privacy.

Best Wallet also lets you buy promising cryptocurrencies via its Token Launchpad. This is where you can access new crypto presales before they get listed on exchanges.

Powering this wallet is its native Best Wallet Token ($BEST).

By holding $BEST, you can enjoy exclusive benefits within the Best Wallet ecosystem, such as lower transaction fees and early access to crypto presales in the launchpad.

Token holders also get governance rights. This means that you’ll be able to vote on key decisions relating to Best Wallet.

$BEST tokens are currently available only via the Best Wallet Token presale page. Each token is priced at $0.025195.

For more information on how to buy $BEST, you can check out our Best Wallet Token buying guide.

2. Snorter Token ($SNORT) – Sniff Out Top Tokens Before Everyone Else

As the crypto market moves at a blistering pace, it can be difficult to find the next big thing and weed out scams. With Snorter Token ($SNORT), you’ll be able to sniff out hot cryptocurrencies ahead of bots and whales.

The key to this is the Snorter Bot, a Telegram-native crypto trading bot that lets you spot presales, detect potential scams, copy trades, manage your portfolio, and more.

Since it’s built into one of the most popular messaging apps, it makes trading a lot simpler.

To help raise funds for the project, the team put up its Snorter Token ($SNORT) on presale. It costs only $0.0955 per token, but the price increases in a few hours.

To buy tokens, you can go to the Snorter Token presale page or via the Upcoming Tokens section in Best Wallet and pay with your credit/debit card or crypto ($SOL, $ETH, $BNB, $USDT, and $USDC are accepted).

You also have the option to stake your tokens to earn passive rewards. It’s also a good idea to HODL, as we predict $SNORT’s value could reach as much as $3.25 by 2030. Find out more in our Snorter Toke Price Prediction.

3. Neo Pepe ($NEOP) – Support the Call for Greater Crypto Decentralization

More than a meme coin, Neo Pepe ($NEOP) sees itself as the embodiment of decentralization.

Neo Pepe opposes financial manipulation, market saturation, and centralization.

It puts the governance rights of holders of its $NEOP token front and center, letting its investors help shape the future of its protocol, decide on how to spend its treasury funds, and where to list tokens, among other things.

With a starting price of $0.05423, the $NEOP token will undergo 16 price increases, eventually reaching $0.16269. This translates to a 220% increase in the token’s value, so it’s best to get into the presale as early as possible.

Although the token presale just began, Neo Pepe has already raised over $111K. There’s a little over $10K until the next price increase, which will bring $NEOP’s price to $0.061461 each.

If you’re a believer in keeping crypto decentralized, then supporting this project could be your strongest statement yet.

Is This the Best Time to Invest in Crypto?

The market tends to surge whenever Wall Street takes a friendlier stance on crypto. While most eyes are on major coins like $BTC and $ETH, there’s also a lot of money to be had in crypto presales like those of Best Wallet Token ($BEST) and Snorter Token ($SNORT).

Time is important when it comes to presales, because the earlier you get in, the better your chances of raking in huge profits. But of course, not every presale is a gem, so always do your research before you spend your money. Make sure you understand what you’re getting into and only use the information in this article for educational purposes and not as investment advice.