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Traders don’t seem to know what to do with Bitcoin (BTC) at the moment as every day we seem to have new news that could swing conditions bearish or bullish. Initial fears last Monday the market could crash sent the price of BTC all the way down toward the $50k mark. Those fears turned out to be premature and the price bounced all the way back to the $60k mark.
Now, to start this week, it has once again dropped by over 4 percent. US elections, interest rates, and low mining revenue are all aspects that are affecting the price. Ki Young Ju, the CEO of CryptoQuant illustrated in a tweet how the indicators are showing that conditions are turning back to bullish for the market’s leading currency.
This will spell good news for the market in general as it tends to feel the trickle-down effects when BTC pumps. Most likely the biggest benefactor will be the meme coin market which has been the success story of 2024. To specify more, meme coin investors seem to be turning to new projects and there are four in particular that stand out:
- Pepe Unchained ($PEPU)
- Base Dawgz ($DAWGZ)
- PlayDoge ($PLAY)
- ARKENSTONE ($ARKN)
Let’s take a look at each meme coin now and show why they may be positioned for big gains during the next bull run.
Pepe Unchained- Its own layer 2 chain will allow Pepe to reach its full potential
There has always been a history in the meme coin sector of imitation coins. Most of the time these are created after another meme coin becomes very successful so a creator tries to steal some of the success by creating a new version of the coin. At best they burn brightly before fading into obscurity. Pepe Unchained ($PEPU), is not one of these tokens and we think will actually outperform the original.
Pepe Coin (PEPE) was one of the main success stories of 2023 and will always be a cult hero among meme coin enthusiasts, but it has probably come as far as it can go because it is bound to the limitations of its layer 1 chain. Pepe Unchained wants to unlock its full potential by giving it its own layer 2 chain. Investors seem to love the idea as the presale has raised over $8.2 million.
Built on top of Ethereum. This new chain will give the project unlimited future potential similar to what we have seen this year with Base. It’s great for investors too as transactions will be faster and gas fees lower which means more room for gains. There are also the staking rewards which are estimated to be very high. Despite over 680 million $PEPU tokens already staked, the APY% is still 235%.
Base Dawgz- Gains will come for the adventure-seeking investor
Base Dawgz ($DAWGZ) is a project for the daredevil adrenaline junkies that are always looking for their next thrill. That is very well illustrated by the presale site. When you visit it you will immediately be faced with the pup at the center of the ecosystem base jumping from high in the clouds and floating down with your cursor as you explore everything the token offers.
There is a lot more going on with this meme coin too. It is at home on the very exciting Base chain which is becoming the best place to launch meme coins. However, it’s a multi-chain token so it also reaps the benefits of being available on ETH, SOL, BSC, and AVAX. The staking rewards aren’t bad either with the current APY being 889%. The presale is just about to hit $2.9 million raised.
Perhaps the best part of the project is the share-to-earn opportunity. If investors share memes and other content related to the presale on their social media sites they can earn points. Once the presale is finished, these points can then be redeemed for more $DAWGZ tokens. There is also a referral code that you can add to this with a 5% bonus anytime someone signs up using your code.
PlayDoge- The P2E game that is stealing investors away from Dogecoin
Those who have paid close attention to the meme coin market since the turn of the year will have noticed that a lot of Dogecoin alternatives have been popping up. PlayDoge ($PLAY) is another one but in our opinion is far and away the best version so far. It has targeted the main area that has held Dogecoin back for years; lack of utility.
Dogecoin’s downfall has been forecasted for quite a while now because the project has stood still while the market around it evolved. Utility is now very valuable and PlayDoge has it in spades. Staking is a great option for investors but it is the P2E game at the center of the ecosystem that will really attract investors and 90s kids in particular.
The game takes inspiration from Tamagotchi. For those that don’t know, or have forgotten, Tamgotchi was a handheld game in the 90s that I think almost every kid had. The goal was to keep your virtual pet alive. PlayDoge is very similar as players will need to keep their pet pup alive via an app on their phone. The main upside is players can earn $PLAY. Investors seem all in as the presale has raised over $6 million.
ARKENSTONE- The meme coin with real-life utility for crypto creators
There are many ways to be successful in the meme coin market. The era of relying on virality is long gone. Something that would have been unheard of just over a year ago would be a meme coin with real-life utility. That is what investors can get if they purchase ARKENSTONE ($ARKN).
The creators know from experience how expensive creating a coin can be, especially paying a company to host your coin on a presale site. Their dApp GemLaunch Suite will allow crypto enthusiasts to build and run cryptos and presales so they can avoid the massive costs usually incurred.
Conclusion
The short-term future of the market remains unclear but there are positive signs that a bull run may be just around the corner. It is too late to wait until it happens as things move too fast in crypto and your chance of gains will be gone. Make sure you get every last cent out of your investment by purchasing these tokens during their presales.
