Bitcoin is facing challenges once again, taking the whole crypto market into the red trading zone. It has quickly slipped below $57,000 amid the big ETF outflows, significantly damaging the market sentiment.
Seasoned investors are deeply concerned about these factors, especially since many popular crypto analysts suggest that if the BTC price drops below the $56,000 level, it might lead to a much worse bearish momentum.
They’re turning to new altcoins such as ($PEPU), Crypto All-Stars ($STARS), Shiba Shootout ($SHIBASHOOT), and The Meme Games ($MGMES), as they currently seem to be the best option to help them regain their losses.
Let’s check out the details!
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Crypto Market Plummets – Investors are Concerned About the Bitcoin Future While New Altcoins Grab All the Attention
The crypto market’s taken a big hit once again, with Bitcoin leading the bearish trend. Last weekend, the biggest asset on the market showed solid price drops, causing confusion among the crypto community. With most assets now plummeting, activity in the crypto sector has significantly slowed down.
It started dipping on August 30, struggling hard to stay above the $60,000 level. Investors hoped for a turnaround, but positive momentum just didn’t happen.
Early on September 4, Bitcoin’s price hit a weekly low of $56,160. It’s now trying to climb back up, trading around $58,000, according to CoinGecko.
Looking at the bigger picture, Bitcoin is down around 4.3% over the last two weeks. It was trading at a high of $64,400 less than two weeks ago, but some wild bearish movements have pushed prices down to current levels.
The U.S. spot Bitcoin ETFs aren’t doing great either. They’ve seen considerable outflows in both weekly and daily investor activity. Various platforms reported daily net outflows of $162.3 million for these spot BTC ETFs.
With the fear & greed index pretty low at 27, investors are turning to new altcoins in search of profitable options. From various sources, we hear about those tokens hitting milestones and taking all the attention – Pepe Unchained ($PEPU), Crypto All-Stars ($STARS), Shiba Shootout ($SHIBASHOOT), and The Meme Games ($MGMES).
Let’s check them out and see what causes so much hype!
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Pepe Unchained ($PEPU) — Next Frog Hit That’s Speeding Up the Blockchain Race with Its Advanced Layer 2 Features
Here’s the next big meme coin sensation, Pepe Unchained ($PEPU). It’s tackling one of Ethereum’s biggest problems – speed. The team behind it is building its own blockchain called “Pepe Chain,” saying it’ll be at least 100x faster and cheaper than Ethereum.
Despite the tech part, $PEPU is trying to build a community that’s as passionate as Dogecoin. What really helps it achieve it is its interesting mix of social media culture and advanced blockchain tech.
Its presale’s been pretty hot from the beginning, now surpassing the $12 million milestone. Early investors are also looking at some nice staking rewards. It’s still cheap and sure, that’s one of the important things to watch.
Crypto All-Stars ($STARS) — Stop Letting Your Lazy Meme Coins Collect Dust in Your Crypto Wallet and Let MemeVault Get Them Work for You
Another meme coin on our list is Crypto All-Stars ($STARS). It has come up with something called the MemeVault platform. And the idea is pretty simple – put your lazy meme coins to work instead of just sitting there.
You can lock up coins like SHIB or DOGE for a year and earn $STARS tokens. If you’ve already got $STARS, you get even more rewards. It’s a great idea to make those joke coins actually do something useful.
The presale has gained traction from the beginning, with nearly a million raised in just a matter of weeks.
Crypto All-Stars is not messing around with security either. It has set aside 10% of the tokens to keep things stable and passed a tough security audit. In a market where scams are all too common, that’s pretty reassuring.
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Shiba Shootout ($SHIBASHOOT) — Meet the Wild West Side of Crypto and Earn Massive Rewards in This New Adventurous P2E Game
Here’s a really fun one — Shiba Shootout ($SHIBASHOOT). In this new play-to-earn game, you’re playing as a cowboy sheriff, but instead of riding a regular horse, you’re riding a Shiba Inu.
You’re moving around this wild place called Shiba Gulch, making memes and doing classic cowboy stuff. The ICO has blown past the $1 million mark, with tokens now trading at only $0.0201 per piece.
Another feature adding to the hype is this thing called Cactus Staking, where you can earn over 870% APY. You even watch your earnings grow on a digital cactus.
If you’re a fan of classic Western-style games and aiming for massive gains, this is the chance you wouldn’t want to miss!
The Meme Games ($MGMES) — Use the Last Chance to Get Early in Presale and Choose Your Favorite Meme Character
Last but not least, a real crypto gem is flying under the radar, The Meme Games ($MGMES). With the Paris Olympics coming up, its team has decided the crypto world needed its own version.
There are five meme coin characters competing, each representing another country. Dogecoin stands for the U.S., Pepe’s represents France, and so on. Investors can support their favorite character and earn a 25% bonus if their pick wins.
The Meme Games is also bringing some wild staking rewards, offering exclusive APY exceeding 460%. Its ICO’s active just until September 8, 2024, and then ends with the real Olympics – that leaves you less than 3 days to take your chance!
Conclusion
We’ve witnessed some turbulent price actions on the market recently, and the most important one was when BTC dropped below $57,000.
Led by these factors, more and more investors each day move to new presale projects like ($PEPU), Crypto All-Stars ($STARS), Shiba Shootout ($SHIBASHOOT), and The Meme Games ($MGMES).
Since all of them are still in the ICO phases, investing early during this period could lead to massive gains. So, if you’re thinking about jumping in, act fast before they hit the market!
