Nvidia Crash Is Responsible For Crypto Market Downturn – ICOs Remain Unaffected

The crypto market isn’t looking too good right now. Most big altcoins are trading in red this week. 

The main reason for this bearish trading pattern is due to factors in the broader stock market. The biggest crash currently is Nvidia’s stock, which triggered the downfall. 

Due to these factors, investors are now getting into the new presales to try and turn a profit. They look specifically interested in Pepe Unchained ($PEPU), Crypto All-Stars ($STARS), Shiba Shootout ($SHIBASHOOT), and The Meme Games ($MGMES). 

Let’s check out the details.

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Nvidia’s Stock Crash Triggers Crypto Selloffs and Negative Trading Trends – Traders Opt for These ICOs for the Biggest Profits

Nvidia’s stock went through a major downturn at the start of this month. It experienced one of its worst single-day losses.

The stock dropped by 9.5% in a single session, wiping out $279 billion in market capitalization. 

Various factors triggered this decline, including concerns about the broader tech sector, economic uncertainty, and investor fears of a potential U.S. recession​. Additionally, the growth of AI has stunted this stock value, which many analysts did not predict.

The current market cap for crypto has fallen by 4% compared to last week’s value.

Because of all this, investors are turning to the new Pepe Unchained ($PEPU), Crypto All-Stars ($STARS), Shiba Shootout ($SHIBASHOOT), and The Meme Games ($MGMES) tokens. These tokens are safe from the current market downturn and are in their presale phases.

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Pepe Unchained ($PEPU) is Already Being Crowned the “Pepe Killer” – Presale Reached Yet Another Milestone

Pepe Unchained ($PEPU) is looking to take over the market once it releases with its new blockchain technology. The hot presale fundraising has already reached over $12 million.

The all-new “Pepe Chain” network holds enormous value and is the main reason for the big presale success. It brings numerous technological improvements and fixes problems that have troubled Ethereum for years now. 

It mainly tackles scalability issues, which means it can handle way more transactions. That’s possible because the team behind this project chose a layer-2 design when creating the Pepe Chain. 

By processing transactions separately from Ethereum, this new network has greater capacity. 

Also, Pepe Chain batches transactions together, and thus, the gas fees are shared across many users. That dramatically lowers the cost of each transaction and makes it more affordable. 

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Crypto All-Stars ($STARS) is the World’s First Coin That Enables Unified Meme Coin Staking

Crypto All-Stars ($STARS) is the latest meme coin that had its ICO launch recently. It is already signaling enormous potential.

It is the world’s first project that enables investors to stake their meme coins and earn $STARS tokens as a reward. Through the MemeVault feature, you can stake a total of 11 most famous meme coins. Additionally, the team behind this project plans to increase that number once the coin officially makes a debut.

Users, who choose to stake their tokens, will get an annual percentage yield (APY) of 1449%. Thus, it will be one of the best staking options on the market. 

You can purchase $STARS for a low price of $0.0014248 per token. However, you must hurry because the next price increase is just one day away.

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Shiba Shootout ($SHIBASHOOT) Combines Crypto and Cowboys for the Ultimate P2E Experience

Shiba Shootout ($SHIBASHOOT) takes investors into the role of gunslinging cowboys who aim to be kings of the Wild West.

It positions itself as one of the best contenders in the Play2Earn market through its Shiba Shooters mobile game. In this game, you get to face the toughest one-on-one gun duels. The winner of the dual takes $SHIBASHOOT as a reward.

This approach has managed to secure them over $1 million in fundraising. With this pace, this number is projected to go even further.

You can enjoy a great staking innovation with its “Cactus Staking”. What makes this feature stand out is that you get a visual representation of how much your stash grew by watching a digital cactus grow in the same way as your stake.

Another interesting feature is the “Token Governance Roundups,” where investors partake in the decision-making for the project’s future. That is similar to Wild West Town meetups, where townsmen decide crucial questions.

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The Meme Games ($MGMES) is the Official Meme Coin of the 2024 Olympics

The Meme Games ($MGMES) recreates the theme of the Olympics and has raised over $420,000 so far.

The presale offers an interactive experience that draws participants in. After purchasing tokens, investors can choose from five popular meme characters, including Dogecoin, Pepe, Dogwifhat, Brett, or Turbo.

These avatars then race in a 169-meter sprint, where the winning character earns the investor a presale token multiplier. With a 25% bonus for the first-place finisher, this setup makes the competition exciting and potentially lucrative for those involved.

However, only the winning avatar secures the prize. There are no rewards for second or third place. 

Each character has an equal shot at victory. So, this randomness increases the excitement and makes every race an unforgettable experience.

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Conclusion

The recent Nvidia stock crash has sent shockwaves through traditional and crypto markets. It has also led to a major downturn in all crypto coins.

However, while most cryptos took a hit, presales like Pepe Unchained ($PEPU) Crypto All-Stars ($STARS), Shiba Shootout ($SHIBASHOOT), and The Meme Games ($MGMES) have stayed strong. 

It seems investors are flocking to these presales, seeing them as a safer bet during this unpredictable market season.

Want to be among the early investors that capitalize on these projects? Now is the ideal time to join!