The beginning of this month has introduced a bearish trend in the market, with nearly all tokens experiencing major drops.
While leading tokens like BTC, SOL, and ETH are starting to bounce back, Ripple’s XRP is leading the way with an impressive 20% surge in just the past 24 hours.
Analysts attribute this surge to the judge’s final ruling in the Ripple Labs vs. SEC case, which decided that Ripple Labs must pay $125 million in fines – significantly less than the $2 billion the SEC initially requested.
But can it match the profits new trending ICOs like Pepe Unchained ($PEPU), Base Dawgz ($DAWGZ), and PlayDoge ($PLAY) are expected to bring? Industry specialists don’t think so.
Below, we’ll check out the details.
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XRP Soars 20% After SEC Ruling—But Much Better Returns Await with These New ICOs
XRP’s price jumped over 20% on Wednesday to around $0.61 after a key ruling in the Ripple Labs vs. SEC lawsuit. Judge Torres decided Ripple Labs must pay $125 million in fines and avoid further securities law violations, ending a nearly four-year legal battle.
This fine is much less than the $2 billion the SEC wanted. In 2020, the SEC fined Ripple Labs for apparently issuing XRP as a security, but last summer, Judge Torres ruled that XRP isn’t necessarily a security.
This decision is big news for the XRP market, explaining the 20%+ surge in price. Regulatory uncertainty has been a big challenge for XRP and Ripple Labs’ global crypto operations. Now that the risk of XRP being labeled security and possibly being banned in the U.S. has been lifted, the outlook for the crypto’s long-term adoption looks better.
Many analysts think this surge will keep going into August, but that doesn’t guarantee huge profits. If you’re chasing bigger returns, it’s wiser to focus on new, explosive ICOs like Pepe Unchained ($PEPU), Base Dawgz ($DAWGZ), and PlayDoge ($PLAY).
Let’s check out why this is the case!
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Pepe Unchained ($PEPU) — Bringing Speed and Efficiency to Meme Coins with Innovative Layer-2 Blockchain
Pepe Unchained ($PEPU) is a new Pepe-inspired token using its Layer-2 blockchain built on Ethereum, set to change the game for meme coins. The developers are focused on creating a platform for quicker and cheaper transactions, offering near-instant confirmation and very low fees.
According to their whitepaper, the network will be 100x faster than Ethereum, processing transactions in milliseconds for just a fraction of a cent. Additionally, they offer staking rewards with an impressive estimated annual yield exceeding 250%.
This combination of speed, low costs, and high returns has attracted a lot of interest, with over 4,700 members in their Telegram group and a second-place ranking on CoinSniper’s list of upcoming crypto launches.
The ICO has already raised over $7.7 million, selling $PEPU tokens at $0.0089461 each. It accepts ETH, BNB, USDT, and credit cards, making it easy for a wide range of investors to participate.
As the presale goes on, the price of $PEPU will rise. After that, the launch of its Layer-2 network and its listing on a decentralized exchange (DEX) could set a new benchmark in the industry.
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Base Dawgz ($DAWGZ) — Maximize Your Earnings with Coinbase Referral and Airdrop Offers
Base Dawgz ($DAWGZ) is an emerging meme coin project aiming to gather an impressive community with its innovative Sharn-to-Earn model. Holders can stake their tokens to earn hourly rewards over the next year. They’ve set aside 20% of the total supply (1.69 billion tokens) for these incentives, offering a sweet deal for early backers.
The presale has already pulled in over $2.8 million. Right now, tokens are priced at $0.007414 each, with the price expected to go up in future stages.
Base Dawgz’s team has planned to boost community engagement with new Share-to-Earn system. Investors can make and share memes on Twitter, earning points that can be swapped for $DAWGZ tokens after the presale.
Their roadmap includes audits, community growth, exchange listings, and more development. The project’s tokenomics allocate funds for marketing, liquidity, and additional rewards, keeping the interest alive.
Its strongest feature is its multi-chain capability. Unlike many meme coins, Base Dawgz operates across several blockchains like Ethereum, Solana, Base, Avalanche, and Binance Smart Chain, using Wormhole and Portal Bridge protocols. This improves liquidity and exchange options, making it one of the most flexible and promising projects in the market.
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PlayDoge ($PLAY) — A New Era of Pet Care Games with Major Crypto Rewards
PlayDoge ($PLAY) is a new crypto project that uses the innovative Play2Earn model through a mobile game. The game takes the classic Tamagotchi pets to another level, a 90s favorite that sold over 90 million units. In the original game, players cared for virtual pets by feeding and playing with them. $PLAY updates this concept with some interesting improvements.
The ICO has already hit the $6 million milestone, with tokens now priced at $0.00527 each.
In the $PLAY game, you care for a virtual pet dog by feeding and playing with it. If neglected for too long, your pet will die, and you’ll have to start over. This version, however, features a more resilient pet with a longer lifespan, making it more forgiving. Every interaction with your pet earns you $PLAY tokens, motivating regular play.
It also offers a leaderboard system where players compete by caring for their doge and completing mini-games. Top players on the leaderboard are rewarded with extra tokens, adding a competitive side to the game.
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The Takeaway
After the recent market crash, Ripple’s XRP is leading the crypto comeback, with over 20% recovered in just one day.
But according to seasoned analysts, much better options right now are these new presale meme coin projects set to skyrocket when they hit the market — Pepe Unchained ($PEPU), Base Dawgz ($DAWGZ), and PlayDoge ($PLAY).
Now is the perfect time to join these presales and secure your tokens at discounted rates before they hit major exchanges!
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
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