After about a week of struggling to stay above $62.000, Bitcoin’s support has finally given way to a massive price drop to below $57.500. BTC has hit a two-month low, which pushed the rest of the market into a retraction, increasing volatility across all niches, especially meme coins.
The downtrend resulted in a massive meme coin selloff across the board, led by PEPE, WIF, and MICHI, which are among the memes with the highest losses of over 12%. While all this is happening, emerging meme coins available in presales are pushing through milestones faster than expected. Projects like Pepe Unchained, WienerAI, PlayDoge, Shiba Shootout, and Base Dawgz are getting increased support from the crypto community, showing massive growth potential in the future. So, let’s see what’s going on with meme coin markets and why emerging cryptos are your best bet for value preservation and increased gains.
Crypto Investors Dumping Meme Coins
The sudden drop in BTC prices has resulted in a domino effect that didn’t spare any altcoin, especially meme coins. Some of the leading investors, even those who have been dormant for months, have started dumping altcoins left and right. The situation has especially been hard on Pepe and Dogwifhat, who lost 10% and 11.2% in less than 24 hours. The situation has been in decline for an entire week and can be felt throughout the entire meme coin market, which lost over $6 billion in the past 48 hours and more than $24 billion since the beginning of July.
The situation is truly incredible and could trigger further losses as investors dump their tokens, hoping to get their money out. Crypto markets as a whole lost over 5.2%, which translates to more than $100 billion, making early July one of the worst periods for cryptocurrencies since the “crypto winter” of 2022.
That said, the only cryptos that stayed unaffected by the situation are those available in presale. Moreover, some of them reported increased sales during the past few days, hitting milestones almost daily. It seems that investors are pouring millions into emerging meme coins that are yet to explode, so let’s see which ones have been the focus in the past few weeks.
Pepe Unchained – Unlock Incredible Staking Benefits with This Pepe Alternative
It’s not every day that an emerging coin inspired by a popular meme steals the spotlight showing significant potential that could outperform the original. The new Pepe Unchained ($PEPU) is a project that has captivated investors with its impressive staking rewards program and overall presale success in the first couple of weeks. Staking rewards are currently offering an APY of 688%, which is one of the primary reasons why the presale raised over $2.7 million in two weeks.
Unlike its predecessor, Pepe Unchained is built on its own layer-2 network, offering superior transaction speeds and lower fees than all other meme coin blockchains, especially Ethereum. When all things are considered, Pepe Unchained is easily one of the best designed memes of 2024, and as the number of investors keeps growing, its positioning itself as one of the best memes on the market.
WienerAI – The Perfect Fusion of AI and Memes
WienerAI brings a new approach to meme coins with the combination of AI and a dog-themed meme. It is built around a capable AI crypto trading bot that will help you get the most out of every investment. The presale has surged past $7.2 million, reflecting investors’ enthusiasm for the new high-end yet funny meme coin project. WienerAI offers practical utility through staking options and built-in AI trading capabilities designed to make a huge difference in your ROI.
According to the lore, the AI dog was made by The Architect who had an accident while experimenting with a dog and AI, and a sausage. The result is a wiener dog with impressive computing power, able to give its users an edge over the competition, along with high staking rewards with APYs of 157%. It’s success so far is proof that investors have a lot to look forward to, so don’t miss your chance to grab $WAI tokens early to enjoy the highest returns in the future.
PlayDoge – A Nostalgic P2E Game From The 90s Combined With Mobile Gaming and Blockchain Technology
Attracting investors in 2024 is harder than it may seem, but PlayDoge focuses on nostalgia, mobile gaming, and high rewards, which makes it a popular investment option. It’s inspired by the famous Tamagotchi game from the 90s, but it’s built as a P2E blockchain with some interesting rewards and mechanics. The unique design has allowed it to raise over $5.5 million in the first month, and is another high-return investment option you don’t want to miss this summer.
PlayDoge works as the classic Tamagotchi game, where players must take care of their virtual pets, and in return, they earn native $PLAY tokens used to buy upgrades within the ecosystem. $PLAY tokens are available for $0.00517, so invest today and stake them for APYs of over 100%.
Shiba Shootout – A Play-to-Earn Game In A Wild West Setting
Shiba Shootout is another emerging meme coin inspired by Shiba Inu, but with a twist. It offers a P2E game centered around community engagement, where players earn native $SHIBASHOOT tokens by creating and sharing memes, news, and playing Wild West-themed games. The official presale went live last week, and is already nearing $600K. It is still under the radar among crypto whales, allowing you to invest early to get the highest returns in the next few months.
The project incorporates a voting system where investors influence the project’s future. It also features the ‘Lucky Lasso Lottery’ system allowing participants to use Shiba Showdown tokens to earn high crypto prices, while a portion of the rewards will go toward funding various charities around the globe.
Base Dawgz – New Multichain Meme Coin Built on the Base Blockchain
Base Dawgz is a unique meme coin with impressive properties. Originally built on the Base blockchain, Base Dawgz is compatible with five other chains, allowing users to transfer their $DAWGZ tokens anywhere they want. The impressive versatility made the project one of the most successful presales in the past month, allowing it to raise over $2.4 million.
The project also features a “share-to-earn” campaign, allowing investors to earn more $DAWGZ by sharing news about the project even before it goes live. It’s another high-reward investment opportunity that keeps gaining traction despite the wider crypto market downfall, so make sure to visit the official site and invest today to earn high returns in the future.
Final Words
June of 2024 has been one of the worst months for crypto markets in the past two years. The sudden price drops across the board were a surprise for many, as the initial predictions pointed to a bull run due to ETF approval, but the situation was quite the opposite. Investors are now dumping tokens, moving their investments to emerging cryptos including the ones covered above, so if you’re looking for high returns, emerging meme coins are your best bet this summer.
