Meme coins have been a huge success in the last few months of 2024. Several newly launched projects have recorded gains of over 3,000%, and the average return on new memes has exceeded 1,300% in the first half of the year. However, the tide has turned in July, when meme coin markets have lost nearly 30% in just a few weeks.
The drop was the result of broader economic factors and a general decline in the cryptocurrency market, which has fallen below $2 trillion after months of expansion, forcing investors to sell their tokens and move to affordable projects that have yet to launch in the coming months. The hottest picks in July include Pepe Unchained, WienerAI, PlayDoge, and Shiba Shootout, so let’s take a look at the current situation and why these cryptocurrencies are now in focus.
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Cryptocurrency markets are losing their balance
The meme coin market is currently in a state of turmoil, and despite some short-term gains, the outlook is not good at all. The market cap has dropped significantly, falling to $42 billion from over $60 billion, a huge loss in a short period of time. Daily trading continues to grow, as most token holders continue to dump their supplies, leading to further losses across the board.
Top players like Dogecoin, Shiba Inu, Dogwifhat, Pepe, Bonk, and almost everyone else have lost between 1 and 26% in the past week, making it the fourth consecutive week of losses. A few rare memes have managed to turn losses into gains, but even that is usually short-lived and the situation turns into losses just hours after recovery.
The meme coin sell-off is largely due to Bitcoin’s recent losses, which have seen the coin fall to $56,500, nearly $20,000 below its all-time high just a few months ago. Bitcoin appears to have stabilized at $57,300 over the past 24 hours, but it’s still down 8.3% from where it was just seven days ago.
Historically, crypto markets usually lose their footing when Bitcoin enters a downtrend, and that is exactly what happened this time. There are no signs of recovery yet, and the entire crypto market is definitely heading for a prolonged bearish phase that could get worse in the coming weeks. The situation is now forcing millions of investors to dump their cryptocurrencies and diversify their investments across emerging projects that we will now take a look at.
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Pepe Unchained – A new Tier 2 meme coin with fast transaction speeds and low fees
Pepe Unchained stands out as a leading meme coin, showing huge potential and high rewards. Combining humor and advanced technology, it will launch as a layer-2 solution built on its own blockchain, making it a unique project in the meme coin market.
Pepe Unchained’s layer-2 solution features exceptional transaction speeds and low fees, outperforming established layer-1 blockchains like Ethereum. The token distribution is well-organized: 30% for staking rewards, 10% for decentralized exchange liquidity, 20% for marketing, 20% available for presale, with the rest allocated to project funding and chain inventory.
The project is riding on PEPE’s success over the past year, making it one of the best meme investments this summer. $PEPU is set to see massive growth, and with a unique set of features and design options, it’s definitely one you don’t want to miss. The presale raised over $3 million in two weeks, making $PEPU a must-have for all investors looking for high-yield cryptocurrencies during the current market downturn.
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WienerAI – AI-Powered Meme Coin That Has Already Raised Over $7 Million
WienerAI uniquely combines artificial intelligence with the playful nature of internet memes. The unique design approach uses an advanced AI bot designed to help users navigate the complex cryptocurrency markets, ensuring that they never miss a good investment opportunity again. The ecosystem is powered by the native $WAI token, which is used to communicate with the bot, receive trading signals, and more.
The project offers a simple interface and an AI robotic program that scans market data to provide investment signals. The robot can provide accurate answers to any questions users may have, and users can interact with it for technical advice, allowing them to improve their trading skills over time.
WienerAI has raised over $7.3 million in its presale in just over a month, and community support continues to grow daily. If you invest today, you can stake your tokens instantly with a 155% annual return before the first listings.
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Shooting Shiba – Wild West-themed coin set to become the next Shiba Inu
Shiba Shootout features a unique Wild West-inspired theme, combining the magic of coins with community engagement. With a focus on community, the “Shiba Gulch” concept provides a virtual space where users can share memes and participate in challenges to earn native $SHIBASHOOT tokens.
Community engagement is enhanced by features like “Campfire Stories” and “Token Governance Roundups,” all of which offer diverse challenges and engaging stories. Loyal members who post frequently can earn Posse rewards, Lucky Lasso Lotteries, and participate in Cactus Staking. After raising over $600,000 during the first week of the presale, $SHIBASHOOT tokens are positioning themselves as one of the best meme investment options this summer!
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PlayDoge – A Nostalgic 90s P2E Game with Mobile Gaming and Blockchain Technology
The PlayDoge project attracts investors by combining nostalgia, mobile gaming, and high-risk rewards. Inspired by the Tamagotchi game from the 90s, the project features a P2E blockchain-based mobile game with unique rewards and mechanics. As in the original title, the goal is to take care of your virtual pet. However, as you progress, you can earn native $PLAY tokens as rewards. The project raised over $5.5 million in its first month.
$PLAY tokens are currently available at $0.00517, but their price will increase with each stage. Early investors can stake their tokens for an annual return of 89%. Invest today and earn high rewards and enjoy playing one of the most legendary games of the 90s, but with a modern twist.
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last words
Cryptocurrency markets have been on a steady decline, losing over 30% of their total value in the past month. This massive decline is due to increased dumping of cryptocurrencies, along with falling Bitcoin prices, as well as increasing pressure for crypto regulation around the world.
However, new coins like Pepe Unchained, WienerAI, Shiba Shootout, and PlayDoge are still gaining momentum and are likely to yield high returns despite the market downturn in the next few months. So, if you are looking to make a profit, visit their official websites, invest early, and be a winner!