Reason to trust
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
The crypto markets have been hit by the biggest losses since early 2022. The entire market lost over $500 billion in less than 72 hours, which marks the largest market retraction in years. The sudden price drops across the board have pushed the fear index to the highest levels this year, resulting in a massive token selloff which drove the prices of digital assets even lower.
However, after a day of price movements, the markets have recovered by over $200 billion, but most cryptos are over 18% lower than they were just a week ago. Investors are now turning their focus to less volatile projects, led by emerging cryptos such as Pepe Unchained, Base Dawgz, PlayDoge, Shiba Shootout, and The Meme Games. Let’s take a look at the situation from up close and see what you can expect moving forward.
Massive Crypto Market Crash Followed By a Slight Recovery
The massive three-day market sell off over the past weekend marked the worst period for crypto markets since the infamous “crypto winter” of 2022. It deleted over $500 billion in value from the crypto ecosystem, scaring investors worldwide into selling their assets in mass.
The event was triggered by massive losses experienced by the S&P 500, which lost over 4.4% in the same period. Moreover, the global stock market started collapsing, led by the Japanese market which lost over 12%, the highest losses since 1987. A similar situation can be seen across the board, as DOW plunged by over 1,000 points, Taiwan’s market reported the largest losses in 57 years. The situation is truly unique and it marks the sharpest downturn in decades. Of course, all of these factors resulted in a similar situation in crypto markets, which pushed BTC below $50K and ETH to as low as $2,200.
The rest of the altcoin market followed, with massive losses for most of the listed cryptos. SOL lost over 40%, DOGE is down by over 30%, and many other cryptos are reporting losses as well. In fact, the entire crypto market cap retracted to below $1.85T, which adds up to over $500B in losses.
However, the good news is that the losses were short-term, as the markets entered recovery just hours after the dip. Bitcoin has recovered by 7%, stabilizing at $55K, while ETH hovers between $2.450 and $2.500. However, the volatility index has now reached a new high, matching the levels reported at the beginning of the COVID pandemic. The situation is still far from the numbers before the crash, showing strong signs of uncertainty as the world braces for potential large-scale war and a prolonged recession. That said, some emerging cryptos are still showing signs of stable growth, so if you’re looking for high-return investment options, the following platforms are your best bets.
Pepe Unchained – A High-End Pepe Successor With 250% Staking APYs and a Layer-2 Design Solution
Pepe Unchained aims to redefine the meme coin landscape with a Layer 2 blockchain on Ethereum, allowing users to enjoy 100 times faster transactions with lower gas fees. The ongoing PEPU token presale resisted the current market downturn, raising $7.5 million in just over a month. Early PEPU token backers can earn over 250% annual yield by staking their tokens early, which is a major driving force behind the presale success.
PEPU tokens are available for only $0.0089105, and their price is expected to rise with every subsequent phase. Pepe Unchained is surrounded by a growing community, and has the highest accolades within the crypto ecosystem, which allows it to position itself as the next big meme with explosive potential. Its unique features, high staking rewards, excellent tokenomics and successful presale are working together to propel Pepe Unchained to the highest-gaining memes on the market in the next few months.
Base Dawgz – A Multi-Chain Meme Project Deployed on Base Blockchain
Base Dawgz, is the newest meme coin that aims to monetize on the growing popularity of the Base network. It has had an excellent presale so far, raising nearly $3 million in the first month. Although it’s originally built on the Base blockchain, by utilizing Wormhole Technology, it will get deployments on multiple other chains, including Ethereum, Solana, Avalanche, and BSC.
The current staking rewards offer an impressive APY of 900%, making Base Dawgz one of the most attractive investment options during the retracting crypto market. With endorsements from ClayBro and other influencers, Base Dawgz is another meme coin you don’t want to miss this summer. Base Dawgz stands out with its multi-chain design and impressive APY for staking, so make sure to visit the official site and invest today to enjoy the highest return after launch.
PlayDoge – Mobile-Based Play-to-Earn Meme Coin With Staking Features
PlayDoge is one of the hottest presales in the past month. It combines 90s nostalgia with high crypto rewards through its Tamagotchi-inspired mobile game. The official presale event has just hit $6 million, making PlayDoge one of the top memes to go live in the next few weeks. Since it uses the P2E reward system, users can earn PLAY tokens by interacting with a virtual Doge pet. They must take care of their pets every day to earn tokens, and they can also get extra rewards by playing various mini games.
Furthermore, the available staking protocol with an APY of 70% offers players another method of earning native PLAY tokens. The project is widely advertised on social media by popular crypto influencers like Jacob Bury, showing that PlayDoge is truly an investment option worth adding to your portfolio. By combining P2E rewards fused with meme culture, topped by engaging gameplay and high staking APYs, PlayDoge is a crypto bound to result in massive returns after launch on all major DEX listings.
Shiba ShootOut – Meme Coin With a Wild West Theme Focused on Social Interaction
Shiba ShootOut is another meme coin stealing the focus in the past few weeks. The official presale event raised over $800,000 so far, showing plenty of growth potential. The core of the game is built around a Wild West P2E mobile experience, where players earn SHIBASHOOT tokens by becoming the top shooters on the platform. The official Shiba Shootout game will launch by the end of the year, promising players a unique method of earning native SHIBASHOOT tokens on their smartphones.
Moreover, the project also features the “Cactus Staking” system that offers APYs of over 1,080%, giving early investors another way of earning tokens. Next, the Lucky Lasso Lottery will reward the luckiest token holders with free rewards on a daily basis. Shiba Shootout is made according to the highest industry standards, featuring smart contracts to ensure security, making Shiba Shootout an excellent investment option at the moment.
Meme Games – High-Potential Meme Crypto Inspired by the Olympic Games
Meme Games is concepted as the official Olympics meme coin, which has raised over $340,000 in its presale. The project features recognizable meme characters like Doge and Pepe, and the token holders are required to stake native $MGMES tokens to enter races. If they win, they get higher token rewards in return. The project also features a staking protocol with APYs surpassing 600%. $MGMES tokens are currently available for as little as $0.00915, but will gradually get more expensive as the launch on September 8 draws nearer. The project is audited by Coinsult, and is ranked as the 3rd upcoming crypto launch on CoinSniper.
Wrapping Up
The massive losses in crypto markets earlier this week have scared many investors away from the market. Luckily, almost all cryptos managed to bounce back, as the market recovered over $100B of the $500B retraction just yesterday. However, the situation is still extremely volatile, so if you’re looking for high returns, your best bet is to invest in emerging tokens to get the highest returns during the current dip.
