The crypto markets have been quite unstable in the past few weeks, and the same can be said for the leading meme coins. The meme coin niche entered June with a market cap of over $60 billion and is now struggling to surpass the $40 billion mark just two months later.
The leading memes such as PEPE, BONK, and BRETT have been moving up and down in the past few weeks, and a similar situation can be seen all across the board.
Many investors are now choosing to either sit on their tokens or move their holdings to emerging projects such as Pepe Unchained, Base Dawgz, PlayDoge, Shiba Shootout, and The Meme Games, all of which are expected to explode in the upcoming period. So, let’s see what’s happening from up close.
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PEPE, BONK, and BRETT, In The Red For Over 10 Days
During the past 10 days, crypto markets entered a phase of increased volatility never seen before. Most cryptos, including Bitcoin, Ethereum, Ripple, and almost all others experienced losses adding up to over 50% in some cases. The sudden price drop was caused by a widespread market crash that affected all stocks and countries all over the world.
The losses grew to over $500B in just three days, and BTC dropped all the way down to $48K, for the first time in over six months. Naturally, the situation resulted in a massive sell-off, which pushed the prices of countless cryptocurrencies down even further.
Meme coin markets were especially hit by the situation, and together, they lost over $25 billion, which adds up to more than 30%. The losses were absolutely incredible, affecting all memes, especially popular ones like Dogecoin, Shiba Inu, Pepe, Bonk, Brett, and others. Now, after a week of recovery, meme coins have bounced back slightly, but are still a long way from their prices just one month ago.
The situation with PEPE, BONK, and BRETT tokens is especially volatile, as all these coins remained in the “red” since early August, and simply can’t gather enough support to break through the next major resistance lines.
Their prices have stabilized, but the increased volatility has scared many investors away from meme coins as a whole. That said, those who are still brave enough to invest in meme coins are now focusing on projects that are yet to go live on DEX listings in the next few months. So, let’s take a look at a few of the most popular meme coin investment options this month.
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1. Pepe Unchained – Revolutionary Layer 2 Meme Coin Built On Its Own Chain
Pepe Unchained is the newest meme coin that aims to leverage the ever-growing popularity of the Pepe meme. However, unlike many other meme coin projects that took a similar approach, this one is built on its own blockchain known as the “Pepe Chain,” and will launch as a Layer 2 solution. That means that it will address Ethereum’s issues by offering massive boosts in terms of scalability, speed, and volume capacity, at reduced costs.
The project has had massive success so far, managing to attract thousands of investors. Moreover, if you join them today, you will be able to stake your $PEPU tokens for an APY of 230% a week after the official launch. So far, the event raised over $8.3 million, and is likely to exceed $10 million before it officially ends. You can head to the official Pepe Unchained site right now and grab $PEPU tokens for as little as $0.0090178.
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2. Base Dawgz – A Multi-Chain Meme Coin Built on the Base Blockchain
Base Dawgz is another emerging meme coin and it’s positioning itself as one of the most interesting meme coins to be released this year. It’s built on the Base blockchain, but will get further deployments on four other networks, including: Ethereum, Solana, Binance Smart Chain, and Avalanche. The multi-chain design will give users more token exchange options, which is a welcomed feature in the ever-evolving crypto industry.
The multi-chain design, and a staking APY of over 880% has allowed Base Dawgz to raise over $2.9 million so far. $DAWGZ tokens are currently available for only $0.007414, and you can stake them immediately for higher returns. Apart from excellent tokenomics and design choices, the project also offers a unique Share2Earn mechanism designed to reward community interaction with $DAWGZ tokens. Namely, active members who take part in marketing and spreading the word about the platform will get free $DAWGZ tokens in return. With over 550M tokens staked already, Base Dawgz is another crypto with a promising future.
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3. PlayDoge – Mobile Crypto P2E Game With High Staking Rewards
PlayDoge is also joining the race for the best meme coin this year, but unlike the previous projects mentioned above, it focuses on the Play2Earn sector. It is built around a mobile game inspired by the classic Tamagotchi Pets which was one of the most popular games in the 90s.
PlayDoge does an excellent job of capturing the soul of the original game, combining it with nostalgic 8-bit graphics and advanced blockchain technologies.
Players will be able to earn $PLAY tokens, by taking care of their virtual pets, staking their token supplies, or playing one of many available minigames.
All of these features allowed PlayDoge to raise over $6 million during the ongoing presale, showing massive potential for everyone who purchases the native $PLAY tokens. Make sure to visit the official site right now and buy your supply of $PLAY tokens before their price increases during the next phase.
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4. Shiba Shootout – Merging Wild West Theme with Crypto for High Returns
Shiba Shootout enters the scene as a Wild West themed meme coin project heavily focused on community interaction and online meme creation. It entered presale less than a month ago and is now nearing the first milestone of $1 million. The project will also feature a mobile shooter game that will reward the best players with native $SHIBASHOOT tokens.
The project offers multiple games, starting with the Shiba Sharpshooter, where players compete in cowboy duels to win $SHIBASHOOT tokens. Strategic tokenomics has contributed to its success, with 35% of tokens allocated for presale, 20% for staking, 20% for marketing, and others for liquidity, project funds, and the Rootin’ Tootin’ Shooter Fund.
$SHIBASHOOT tokens will also get utility from posse rewards, the ‘Lucky Lasso Lottery’ system, and much more. If you invest in $SHIBASHOOT tokens now, you can stake them for an APY of over 1,032%, so hurry up and maximize your chances of high returns before the next price increase.
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The Meme Games – Official Olympic Game Meme Coin With Multiple Reward Systems
The Meme Games is also known as the “Official” Meme Coin for the 2024 Summer Olympics in France. It allows users to choose their favorite meme characters and race them in a 169-meter dash to earn native $MGMES tokens. You are required to stake tokens before each run, and if you win, you earn higher returns, as winners receive a 25% token multiplier.
The project will go live on September 8th, with the closing of the Paralympics, giving early investors a chance to earn a significant profit. The ongoing presale has raised nearly $400,000 in a short period of time, so hurry up and invest to get the highest returns in the next month.
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Wrapping Up
While PEPE, BONK, BRETT, and many other memes are struggling to recover from the recent crypto crash, emerging memes such as Pepe Unchained, PlayDoge, Base Dawgz, Shiba Shootout, and The Meme Games are pushing through milestones daily.
Investors are now focusing on presales more than ever before, so if you want to get the highest returns on your investments this summer, the cryptos covered above are your best options. Good luck!
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