The crypto market has been experiencing significant turbulence recently, with insiders selling off Ethereum (ETH) and Bitcoin (BTC) and transactions slowing down. This has caused the prices of these major cryptocurrencies to plummet, leaving seasoned investors wondering how to safeguard their investments. In this article, we will explore how investing in presale projects during market uncertainties can be beneficial, specifically in the case of PAT WARS (PAWS).
Over the weekend and into Monday, the crypto market experienced a drop in prices, with insiders selling Ethereum and Bitcoin and transactions slowing down. Bitcoin fell due to Binance temporarily closing withdrawals, causing a backlog of transactions, while Ethereum prices fell after the Ethereum Foundation transferred nearly $30 million of tokens to the Kraken exchange.
Other altcoins also experienced losses, with some down by double digits. The rapid recovery of cryptocurrency assets seen in recent months may have contributed to profit-taking. However, the high gas fees on Ethereum and Bitcoin are becoming an issue, making them almost unusable for smaller transactions. The crypto industry has seen improvements, but investors remain concerned about future drops in the market.
Ever since its presale was launched, PAT WARS (PAWS) has been rapidly gaining popularity. This particular meme coin is designed specifically for cat lovers and Star Wars fans, much like other memecoins that target specific audiences such as Dogecoin and Shiba Inu. The PAT WARS clan consists of Jedi warrior cats that serve as the project's mascots. These cute feline creatures are one with the force of crypto, offering sage advice for those who come to them and using their great knowledge to construct their platform.
Despite the intimidating world of crypto, PAT WARS is – first and foremost – committed to empowering its community by fostering strong bonds through its DAO and NFT collection, the first of which enables members to carry out votes and make decisions regarding the trajectory of PAT WARS, and the second offers exclusive content and opportunities for the community to bond over. The project is also focused on constant innovation and improvement, with its security and speed being enhanced by being built on the Ethereum network.
Crypto analyst LilMoonLambo recently suggested in a tweet that Pepe Coin (PEPE) could replace Dogecoin (DOGE) as a market sentiment indicator. LilMoonLambo proposed that a surge in the price of PEPE would signal a bullish trend in the broader market. Over the past few days, some large-scale investors or "crypto whales," including "Machi Big Brother," have reportedly been purchasing significant amounts of PEPE, with its price standing at $0.00000193 as of now. However, some analysts have expressed concerns that the current frenzy surrounding meme coins like PEPE could be harmful to Bitcoin's performance. Despite this, PEPE still holds a market cap of over $809 million, even after it recently decreased from its all-time high.
As larger and more established coins struggle to keep their status and value, one might turn towards investing in smaller and newer projects. PAT WARS' presale can be a buoy in this market turbulence and can be an effective way to diversify one's portfolio and hedge against losses in other crypto assets. Plus, when a project is this new, the price of a token is so low that any loss would be minuscule, while gains can be quite high.
Presale: https://www.patwars.com/how-to-buy
Website: https://www.patwars.com/
Telegram: https://t.me/PATWARSOfficial
Twitter: https://twitter.com/PATWARSOfficial
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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.