It seems like the market is recovering from Monday's plunge. The initial shock had investors panic and sell their assets, making the dip even bigger, but this is changing now.
However, investors shouldn’t be relieved just yet. All tokens are still trading in red, but the downfall was reduced significantly from four days ago. Analysts believe if this trend continues, the market will recover quickly.
The newly released coin Neiro on ETH (NEIRO) has shown bullish trading patterns even with the recent market developments. However, experts believe that Pepe Unchained ($PEPU) can bring even better returns as well as Base Dawgz ($DAWGZ), PlayDoge ($PLAY), Shiba Shootout ($SHIBASHOOT) and The Meme Games ($MGMES).
Let’s check out the details.
Since its release on July 30th, NEIRO has been on an upward trading pattern and achieved a new all-time high (ATH) of $0.2933 yesterday. Even though the price fell by 8% compared to that milestone, this token isn’t showing any signs of stopping, as it has surged by more than 50% in the last seven days.
Vitalik Buterin, the co-founder of Ethereum, sold over 17.1 billion NEIRO tokens on Monday, which remarkably did not impact the coin's trading momentum. This sale represented 4% of the total token supply and was valued at approximately $130k.
This event attests to NEIRO's strength and resilience in the market, demonstrating its ability to maintain stability despite significant transactions by high-profile figures.
Despite these impressive results, investors now focus on new opportunities such as Pepe Unchained ($PEPU) for potentially higher returns. Alongside this project, other emerging tokens like Base Dawgz ($DAWGZ), PlayDoge ($PLAY), Shiba Shootout ($SHIBASHOOT), and The Meme Games ($MGMES) are also gaining traction in the market.
Let’s see the reasons below.
Pepe Unchained ($PEPU) debuts as the world’s first token with its own blockchain. This feature is part of why the ongoing presale has secured over $7.6 million in fundraising.
This new network is built as a layer-2 solution and is designed to fix Ethereum’s scalability issue, among other things. Its structure allows for higher volume capacity, enabling speeds of 100x faster than Ethereum.
Additionally, it has lower transaction speeds and a dedicated block explorer. This enhances transparency by providing detailed transaction histories and real-time updates, ensuring users can accurately track the movement and status of their tokens.
It also increases security by allowing users to verify the authenticity of token contracts and monitor for any suspicious activities.
Base Dawgz ($DAWGZ) takes on the popular Shiba Inu avatar and improves on it due to having multiple blockchain interoperability.
This feature enables users to swiftly change networks without any fees, which is crucial in the current bear market. While it primarily operates on Base, you can get $DAWGZ with Ethereum, Solana, Binance Smart Chain, and Avalanche.
Additionally, the team behind this project has found a way to effectively promote this token through its Share2Earn feature. All users who create and share Base Dawgz-related content will get points, which can later be redeemed for $DAWGZ tokens.
All of this combined has affected the presale fundraising, which has managed to gain $2.8 million.
PlayDoge ($PLAY) is the newest dog-themed meme coin, and it shows impressive potential. Its presale has already raised an astounding $6 million, and the momentum shows no signs of slowing down.
The key reason for this success is the new mobile game, which will be released after the presale. The game is a remake of the legendary Tamagotchi Pets, and it phenomenally captures this proven success formula.
Like in the original, you must care for your pet by regularly feeding it, playing with it, and completing mini-games. You get to earn $PLAY tokens and climb the leaderboards for even more prizes as a reward.
Also, if you are not into playing games, you can purchase tokens for a cheap price of $0.00527. However, you must hurry as the presale is structured in phases, each with a slight price increase.
Shiba Shootout ($SHIBASHOOT) is the latest meme coin to debut. It features an impressive twist on the popular dog-theme niche. Set in the Wild West era, it attracts investors with its various rewards.
Its main attribute is its impressive staking mechanism named the “Cactus Staking”. It has a visual representation of your increase in tokens through a cactus that grows simultaneously with your tokens. Right now, there are more than 1075% APY rewards for those who choose this option.
Also, in true Wild West fashion, users can shape the future of this project through “Token Governance Roundups” by casting their votes for certain decisions. This mimics the participation of the town citizenry, which was a big part of that era.
The project has amassed nearly $900k in sales, signaling strong investor confidence in its potential.
The Meme Games ($MGMES) is the newest coin on this list. Its ICO launch started recently and has already generated $350k in sales.
The theme follows the Olympic Games, and the presale will end when the official Paralympics finish.
With each $MGMES token purchase, you get to compete in the 169-meter dash. After choosing between 5 iconic meme characters - Dogecoin, Pepe, Dogwifhat, Brett, or Turbo, you start the race with a chance to win a 25% token multiplier.
All of these characters have unique abilities. However, none of them have an unfair advantage over the others. Therefore, everybody has an equal chance of winning.
This project is also endorsed by the famous crypto YouTube channel –99Bitcoins. Their analysis suggests that this token has a chance of 100x once it debuts, making it a perfect option for investors looking to make big profits soon.
Even with the recent market developments, investors aren’t losing hope, as they believe there is still room for massive profits.
This is further backed by the bullish trading of the newly released Neiro on Ethereum, showcasing enormous resilience even in this bear market situation.
However, leading industry sources believe that you can make even bigger profits with these new projects - Pepe Unchained ($PEPU), Base Dawgz ($DAWGZ), PlayDoge ($PLAY), Shiba Shootout ($SHIBASHOOT) and The Meme Games ($MGMES).
Make sure to buy them before the imminent 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.