Ethereum has been in a slow and steady decline in the past few weeks, and every time it regains some ground, it slips even further than before just a few days later. The current situation directly results from the dwindling crypto market as a whole, but if we take a closer look, Ethereum’s situation is becoming increasingly more difficult.
The world’s second-largest crypto by market cap is facing numerous issues, including a decline in trading volume, the closure of ETF on Ethereum futures, and a sharp decline in the number of ETFs. All these issues have sparked fear among investors worldwide, forcing them to sell their ETH tokens and move their funds to new crypto presales, with Pepe Unchained, Crypto All-Stars, and Shiba Shootout as the most popular choices in the past few weeks. Let’s see what’s going on from up close.
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Is Ethereum’s Perfect Storm Upon Us?
There is no way around it—Ethereum just hit a rough patch that could lead to new lows in the following months. The wider market’s recent dip is caused by global macroeconomic events, and ETH was not spared. Most of the indicators now predict a further price drop in September and beyond.
The steady decline in ETH futures trading volume since April shows that the market needs to be stronger to boost the token’s value. Many hoped that the launch of Ethereum ETFs would result in a turnaround, but the futures kept dropping despite the new investment options. Furthermore, the decline in ETF trading has forced VanEck to close ETH futures ETF, and according to experts, it’s just the first organization to do so. The token trading volume decreased in the past few months, dropping to around $10 billion per week, from an all-time high of over $50 million.
Ethereum is losing support on all fronts, which could result in the perfect storm for ETH holders. Some experts think that ETH will keep slipping to below $700, which would be a catastrophic outcome for wider crypto markers. One thing is for sure: Ethereum will stay in an unfavorable position for at least another few months, which is why experienced traders are dumping ETH or exchanging it for emerging cryptos available in presales. Their most popular choices in the past 30 days were Pepe Unchained, Crypto All-Stars, and Shiba Shootout, all of which are meme coins designed to bring a new dimension to the niche.
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Pepe Unchained – World’s First Layer 2 Meme Coin Gains Support Of Thousands of Investors
Pepe Unchained is the hottest meme coin presale in the past few months. It has raised over $12.5 million and will hit $13 million by the end of the week. The project is inspired by Pepe the Frog, and it follows the footsteps left by the original PEPE meme coin. However, unlike its predecessor, which has no token utility, Pepe Unchained features a staking protocol with high rewards, ensuring that token holders get value in the long term.
That said, its primary feature is the Layer 2 design, which is put in place to offer superior transaction speeds and the lowest fees of all meme coins on the market. The so-called “Pepe Chain” can deliver transactions 100 times faster than Ethereum, allowing investors to transfer their tokens quickly with no waiting time. The design attracts new investors daily, showing that the crypto markets still have something to offer despite the recent downturn.
The ongoing $PEPU token presale is still live, and you can purchase tokens for as little as $0.0096126. Once $PEPU tokens go live on major DEX listings, experts predict 100x gains in the following months, a feat ETH won’t get close to soon.
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Crypto All-Stars – Revolutionary Multi Meme Coin Staking Protocol
Crypto All-Stars, a revolutionary multi-token staking project with high rewards, is next on our list of popular crypto presales likely to result in high returns. Crypto All-Stars offers a flagship feature called “MemeVault,” which will redefine how we see meme coins by introducing a new staking protocol that will change the industry forever.
Namely, MemeVault allows users to stake up to 12 different popular meme coins to earn native $STARS tokens in return. For example, if you have DOGE, SHIB, BRETT, and other meme coins in your wallet, Crypto All-Stars allows you to utilize them to earn a profit by staking them for a certain period. Once the staking period ends, you will receive $STARS tokens while getting your other meme coins back, so no value is lost.
Moreover, if you stake the native $STARS tokens instead of the supported meme coins, you will earn 300% higher rewards. That should ensure long-term sustainability for $STARS token holders. If you invest in $STARS tokens during the ongoing presale, you can stake them for a jaw-dropping APY of over 1,250%! If that’s not enough to motivate you to invest in Crypto All-Stars today, nothing will!
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Shiba Shootout – Meme Coin With Multiple Reward Systems And Strong Community Focus
Lastly, we have Shiba Shootout, another interesting meme coin project with excellent utility and massive growth potential. The project is built around a West-Wild Shiba Inu Themed world, where users can choose a Shiba-Inu cowboy as their character and explore the vast community-focused wild world.
The project offers multiple reward systems, with the Shiba Sharpshooter P2E mobile game at its center, which serves as the primary reward system. However, users can also enter the Lucky Lasso Lottery to win valuable rewards each week and share their favorite memes in the “Campfire Stories” section. Lastly, $SHIBASHOOT token holders can also stake their supply of coins to earn significant rewards. If you buy $SHIBASHOOT tokens during the ongoing presale, you can stake them for an APY of over 850%. So, visit the official site and grab your $SHIBASHOOT coins at only $0.0202 to get the highest returns with the first DEX listings!
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Final Words – Memes Are Taking Over
As popular cryptocurrencies like ETH and many others struggle to find their place in the markets, meme coins strengthen their position as popular investment alternatives. Memes have been dominating crypto markets this year, with the highest reported gains of all altcoins, and similar performances are expected in Q4 2024 and beyond. Pepe Unchained, Crypto All-Stars, and Shiba Shootout are projected to make the highest gains in the next few months, so don’t miss your chance to invest early to get the highest ROI.
