It seems like the market hasn’t fully recovered from the big crash two weeks ago and that the bear run is in full effect.
Some coins are trading better than last week, but most of them have dropped in value, and this trend seems likely to continue.
The biggest hit of them all was in the meme coin market. Dogecoin is down by 4.3%, Pepe by 6.4%, whereas Dogwifhat had an astonishing 16.4%.
Despite all this, there is still room for profits in this sector. Experts believe that PlayDoge ($PLAY), Crypto All-Stars, and Shiba Shootout ($SHIBASHOOT) all have the power to rake in millions in profits.
Let’s check out the details.
PlayDoge ($PLAY) is the newest dog-themed meme coin to hit the scene. It combines the virality of dog-themed tokens with a funny mobile game. The idea is to leverage nostalgia as this is a modern remake of the classic Tamagotchi Pets - 90’s kids will know what we’re talking about.
In this new game, users take care of their virtual pets by giving them food, engaging in play, and finishing a variety of mini-games. Same as the original one, with the added incentive - $PLAY tokens for each activity in the game.
You gain tokens for interacting with your pet more frequently, which makes for an enjoyable and fulfilling experience.
There is also a competitive leaderboard system in the game. The players who engage with their pets the most will rank at the top and receive additional $PLAY tokens as incentives for accumulating the most experience points (XP).
The presale success of PlayDoge has been remarkable, signaling strong investor confidence and potential for substantial growth post-launch.
$PLAY has already raised over $6.1 million, which speaks volumes about the investor’s confidence in the project.
Crypto All-Stars ($STARS) is the latest meme coin to enter the scene, and it seems likely to have significant success once it launches. The project has already gained substantial funding and isn’t showing any signs of stopping.
The current fundraising stands at over $560k, and only a couple of hours are left before the next token price increase.
Right now, you can buy $STARS at $0.0013911, but as mentioned before, these prices will change as the project breaks new milestones.
They invented the innovative MemeVault, which allows investors to vault their meme coins for $STARS. The cutting-edge platform, integrated with the reliable multi-token features of ERC-1155, provides a powerful and efficient protocol.
The MemeVault Ecosystem is engineered to effortlessly manage the staking of meme coins across various tokens and blockchains, unifying all meme coins within a single cohesive system.
Staking is crucial for investors and the success of this project. It allows investors to get over 2708% in APY rewards. More than 271 million $STARS tokens are being staked, but the rewards will drop significantly as this number grows.
That’s why we recommend jumping in now - as time passes, and the rewards get smaller, so does your profits.
Shiba Shootout ($SHIBASHOOT) is the newest meme coin to ride on the popularity of the Shiba Inu coin. However, it has a new twist, using a cowboy-era theme.
The biggest perk of this project is its innovative “Cactus Staking” program. Users can stake their $SHIBASHOOT tokens in this unique system on a digital cactus set against a desert backdrop. As time passes and more tokens are staked, the cactus grows, visually representing the accumulating rewards.
The current Annual Percentage Yield (APY) for staking stands at 951%. Around 34 million $SHIBASHOOT tokens have been staked to date. The high return rate and the engaging staking process encourage long-term holding, which boosts the project's overall stability.
Shiba Shootout's tokenomics are designed to promote sustainable growth and community engagement. Of the total 2.2 billion tokens, 35% is allocated to the presale, providing a solid foundation of initial funding.
An additional 20% is dedicated to staking rewards, further supporting the project's long-term viability.
Another 20% of the tokens support marketing efforts, ensuring the project can reach a broad audience and build a dedicated community.
To maintain liquidity and minimize price fluctuations, 10% of the tokens are reserved for liquidity, while another 10% is allocated to project funds for ongoing development and expansion. A final 5% is set aside for the "rootin’ tootin’ shooter fund," adding a fun and unique element to the project's financial strategy.
The project is nearing almost the $1 million mark with just 10k left until that milestone.
As the meme coin market struggles to recover from the Japanese market crash, investors are losing confidence in the sector’s profitability in the upcoming period.
However, some analysts see this as an opportunity to buy the dip. They say that the presale meme coin sector could be the go-to niche for profits in September.
Considering that presales remained untouched during the crash, this isn’t that far-fetched.
They hint at PlayDoge ($PLAY), Crypto All-Stars, and Shiba Shootout ($SHIBASHOOT) as the best ongoing projects with the largest potential to explode in September.
Buy it before the price surge post-launch!
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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.