With the crypto market on edge after Iran’s missile strike on Israel, many investors are opting to pull back.
But one analyst sees things differently.
While others are retreating, he believes now is the ideal moment to buy meme coins at bargain prices – a move that could pay off when the market rebounds.
MacnBTC Encourages Investors to Buy Meme Coins During Market Panic
Iran’s attack on Israel has shaken the crypto market, causing many investors to panic and sell off their assets.
Big names like Bitcoin and Ethereum saw sharp drops as the news spread.
And meme coins like Dogecoin and Pepe weren’t spared either.
But while most investors are scrambling to cash out, one analyst is telling people to stay calm and keep buying.
MacnBTC, a crypto influencer with over half a million Twitter followers, tweeted last night, mocking the panic selling.
He sarcastically said: “Missiles flying in Middle East? Let me go fast sell $CAT, let me sell my $BTC, pack up everything and prepare for WW3.”
This statement suggests that when everyone else is panicking, that’s when he’s ready to jump in and buy.
Some refer to this strategy as being greedy when others are fearful.
The comments under MacnBTC’s Tweet suggest he’s not the only one with this mindset.
Crypto Market Faces Major Liquidations Amid Middle East Tensions
What was supposed to be an exciting start to “Uptober” for crypto investors has been a letdown.
Instead of green candles everywhere, the market was flooded with red as tensions in the Middle East escalated.
Data from CoinGlass shows over $525 million in liquidations since yesterday, with bullish traders taking the hardest hit.
Bitcoin saw $124 million in leveraged positions wiped out.
But it wasn’t just the risk-takers getting burned by the volatility.
Institutional investors were selling too, with US spot BTC ETFs losing nearly $243 million, marking the biggest outflow in a month.
However, this wave of selling could be short-lived.
Historically, the crypto market has shown resilience to geopolitical events, often rebounding once the dust settles.
For example, Bitcoin’s price dropped over 5% in the days following Hamas’ attack on Israel last year.
Then, it rallied 32% in the two weeks that followed.
So, with MacnBTC encouraging a buy-the-dip mentality, some analysts are cautiously optimistic that this bearishness won’t last long.
Trending Pepe Unchained Presale Defies Market Dip & Raises $16.9M
While the broader crypto market might be feeling the pressure, one corner could still thrive: meme coins.
And new coin Pepe Unchained (PEPU) is showing that gains are still possible.
Even as the market dipped yesterday, investors kept piling into the Pepe Unchained presale.
The presale has already raised $16.9 million – with around $100,000 coming in just yesterday while the rest of the market took a hit.
So, what’s driving the hype?
It’s all related to Pepe Unchained’s goal of building a new Layer-2 blockchain, called “Pepe Chain,” specifically for meme coins.
The Pepe Chain promises faster transactions than Ethereum and features like a new block explorer and instant bridging.
On top of that, Pepe Unchained offers “double staking” rewards.
These rewards are estimated at 127% per year for PEPU holders – and over 1.2 billion tokens have already been locked up.
All before PEPU has even launched on the open market.
At just $0.0099 per token, investors are clamoring to get involved in the presale, since that price will rise over time as new stages begin.
Analyst Crypto Goat even suggested PEPU could be “the next big thing in crypto” once it goes live.
Time will tell whether that’s the case.
However, with the presale still performing well despite the market jitters, Pepe Unchained might be the bright spot investors need.
Visit Pepe Unchained Presale
