Crypto Market Volatility Soars, Presales Emerge as Lucrative Options
The crypto market has endured significant fluctuations this year, marked by increased volatility. However, Monday's events caught investors off guard with a market-wide crash.
Every cryptocurrency experienced a steep decline in value, trading heavily in the red. Bitcoin plunged by 13.4%, XRP by 20%, and Ethereum by over 23%.
The meme coin market suffered an even greater impact. Dogecoin dropped nearly 20%, Dogwifhat 25%, and Book of Meme plummeted 25% last week.
Can Profits Still Be Made During This Period?
Yes, according to analysts. They contend that new presales, such as Pepe Unchained ($PEPU), Base Dawgz ($DAWGZ), PlayDoge ($PLAY), Shiba Shootout ($SHIBASHOOT), and The Meme Games ($MGMES), offer the most potential for significant returns.
Best Tokens to Buy in August 2024 – Overview
Pepe Unchained ($PEPU)
- First meme coin with its native blockchain, addressing Ethereum's scalability issues
- Raised over $7.5 million in presale funds, with speculation of reaching $10 million
- Features a unique "Pepe Chain" layer-2 solution for faster and cheaper transactions
Base Dawgz ($DAWGZ)
- Utilizes multi-chain interoperability to attract a wide range of investors
- Compatible with Ethereum, Solana, Binance Smart Chain, and Avalanche
- Facilitates seamless asset transfers and enhanced ecosystem integration
- Raised $2.8 million in its presale, with a bargain current price of $0.007414
PlayDoge ($PLAY)
- Aims to capture a significant market share in the Play2Earn sector with its upcoming mobile game
- Modernized version of the beloved Tamagotchi Pets game, with potential for significant earnings
- Implemented leaderboard system for additional token rewards for top players
- Presale approaching $6 million in funding
Shiba Shootout ($SHIBASHOOT)
- Wild West-themed meme coin with a focus on entertainment and rewards
- Shiba Sharpshooter mobile game allows users to earn $SHIBASHOOT tokens through gameplay
- Features a referral program and lottery system for additional earnings
- Presale has raised over $880k, with continued growth anticipated
The Meme Games ($MGMES)
- Officially dubbed as the "Official" meme coin for the Summer Olympics in France
- Offers a generous staking system with current APY rewards of 627%
- Presale nearing $350k mark, with a current token price of $0.00915
- Token purchases enable participation in a 169-meter dash for a 25% token multiplier
The Verdict
The "Black Monday" crash significantly impacted the crypto market. However, experts emphasize that profits can still be generated during this period. By seizing the opportunities presented by presales such as Pepe Unchained ($PEPU), Base Dawgz ($DAWGZ), PlayDoge ($PLAY), Shiba Shootout ($SHIBASHOOT), and The Meme Games ($MGMES), investors can potentially achieve returns of 100x or more upon their listings.