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Meme coin market has been hit the worst so far amidst the ongoing bear market that has engulfed crypto.
All coins are trading in red and are losing value at rapid speed, further heightening investors' insecurities in the current rough market situation.
Dogecoin and Dogwifhat's values briefly jumped this past 24 hours, which relieved traders. However, this trend was short-term, as their prices remained stagnant.
However, investors shouldn’t lose all hope, as leading industry experts suggest that you can still make profits in this crypto sector.
The new Pepe Unchained ($PEPU), Crypto All-Stars ($STARS), Shiba Shootout ($SHIBASHOOT), and The Meme Games ($MGMES) all have the potential to skyrocket your portfolio once listed.
Dogecoin has been caught in the broader bear market, but it surprised investors with a brief spike in value over the last 24 hours.
When the price increased to $0.099, it looked like it might get better. However, DOGE lost those gains and fell back to $0.097 because market instability was at an all-time high. Even though that's only a 0.3% drop, the unit is still having a hard time staying stable.
On the other hand, Dogwifhat also saw a price increase, reaching $1.62 before falling to $1.51, marking a 5% drop. Despite the decline, both tokens show signs of resilience amidst the current market uncertainty.
However, this isn’t enough to attract investors and regain their faith in the returns the meme coin market can bring.
That’s why analysts are suggesting tapping into the new presales Pepe Unchained ($PEPU), Crypto All-Stars ($STARS), Shiba Shootout ($SHIBASHOOT), and The Meme Games ($MGMES) as their current early rollout stage is a perfect opportunity to get in on the action early.
Let’s see what makes these tokens so special.
Pepe Unchained ($PEPU) is breaking records everywhere. This new ICO is once again making headlines, as the presale fundraising has reached an astonishing $12.5 million.
Although it always had this kind of momentum, in the last 20 days, it has managed to secure $4 million thanks to the mass realization of big investors regarding this project's potential, further solidifying its status.
The biggest perk of this project is that is has its own blockchain, a first for any meme coin. Called “Pepe Chain,” this layer-2 network aims to fix many of Ethereum's problems, like slow speeds and high fees.
Pepe Chain is built to handle more transactions without the usual slowdowns, making things run smoother. It's also way faster—up to 100 times quicker than Ethereum—so trades don’t drag on.
The lower fees are a big deal, too, especially since Ethereum’s gas fees can be a killer, even for basic trades. Plus, it’s easier for developers to build on and includes added security measures to keep transactions safe.
Crypto All-Stars ($STARS) is the latest meme coin to emerge on the scene and has enormous potential in the long run.
Even though its ICO launch started recently, it didn’t stop it from already getting $1 million in sales, further backing the previous claim.
This project offers an innovative MemeVault platform where you can stake meme coins under one roof. This unified staking protocol is a first of its kind, which enables you to earn $STARS by vaulting your favorite meme coins.
The platform, built on Ethereum’s ERC-1155 standard, provides a secure way to stake any ERC-20 token, opening up possibilities for future expansion.
From the start of this ICO, it supports 11 well-known meme coins, such as Pepe Coin ($PEPE), Dogecoin ($DOGE), and Shiba Inu ($SHIB). Also, if that isn’t enough, the team behind this project offers a 3x bonus for vaulting your meme coins.
It needs to be mentioned that the APY rewards for this option are currently at 1440%, making it one of the most lucrative staking options on the market
Shiba Shootout ($SHIBASHOOT) merges the beloved Shiba Inu character with the Wild West theme to create a perfect meme coin.
It offers numerous rewards for investors as the project is carefully designed to cater to all their needs.
The project has an impressive referral program called “Posse Rewards”. It aims to attract more members into the community and, at the same time, rewards referees with $SHIBASHOOT tokens.
Community interaction is also a big part of this project. Through "Campfire Stories" sessions, users can share their crypto and meme coin experiences in a laid-back setting.
Another unique aspect is the "Token Governance Roundups," which let token holders vote on important decisions, giving the community a real say in the project's development. This mimics the participation of the Old West Town, where townsmen decide on the future of their community.
Additionally, the "Savings Saddlebags" feature allows users to set aside a percentage of their tokens in a dedicated wallet, locking them up for a set period and earning extra rewards in return.
This combined led to great presale success, as this project currently has over $1 million in sales.
The Meme Games ($MGMES) is named the “Official” meme coin of the Summer Olympics held in Paris. It got its title because it followed the theme of these games, especially the mini-game you can play.
For each $MGMES purchase, you get to compete in the 169-meter dash. You get to choose between 5 iconic meme characters – Pepe, Doge, Brett Turbo or Wif. Each of them symbolizes a different country, as in the Olympics.
Once you make your decision, the race starts, and the winner gets to win a 25% token multiplier. If you don’t manage to win it at first, you can reenter the race anytime you want by purchasing the token.
The current price of $MGMES stands at $0.0094, but this price will gradually rise as the presale progresses. As of now, over $440k has been accumulated in sales. The ending coincides well with the ending of the Paralympics, when the token will get listed afterward.
With the current market situation reminding us how tough and volatile it can be, traders aren’t sure if this is the right time to invest.
Even the bullish hints of Doge and Wif haven’t restored their faith that you can make profits in times like this.
However, analysts aren’t so skeptical as they believe you can still achieve early retirement if you invest in Pepe Unchained ($PEPU), Crypto All-Stars ($STARS), Shiba Shootout ($SHIBASHOOT), and The Meme Games ($MGMES).
They all share enormous potential, and with their current presale success, they will most likely skyrocket all portfolios.
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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.
