The crypto market has experienced significant fluctuations this year, with increased volatility becoming more common. However, Monday’s events caught all investors off guard as the market crashed entirely.
The crypto market has seen major shifts this year, with increased volatility becoming the norm. However, Monday’s events caught all investors off guard as the market crashed en masse.
Every coin experienced a drastic price decrease, trading deep in the red zone. Bitcoin dropped by 13.4%, XRP by 20%, and Ethereum crashed over 23%.
The meme coin market was hit even harder. Dogecoin dropped nearly 20%, Dogwifhat 25%, and Book of Meme plummeted 25% in the past week.
Can you still make profits in this period? Yes, indeed, according to analysts.
They suggest that the real profits are in the new presales – Pepe Unchained ($PEPU), Base Dawgz ($DAWGZ), PlayDoge ($PLAY), Shiba Shootout ($SHIBASHOOT), and The Meme Games ($MGMES).
Let’s check out the details below.
Best Tokens to Buy in August 2024 – Quick Review
First, let’s see what these coins are all about.
Now, let’s do an in-depth analysis.
Pepe Unchained ($PEPU) – Breaks Presale Records as the First Meme Coin with Its Native Blockchain
Pepe Unchained ($PEPU) positions itself as the newest meme coin with the Pepe frog theme. However, this upgraded version brings additional perks compared to the original coin.
In fact, it features a new layer-2 blockchain – the “Pepe Chain.” It targets all flaws of Ethereum that have troubled this network since its inception.
The first major issue it fixes is scalability, a major problem for the previous network. As Pepe Chain is a layer-2 solution, it processes transactions off the main chain, reducing congestion and increasing throughput. It allows for faster, cheaper transactions while maintaining the security of the Ethereum network.
The presale has had enormous success, raising over $7.5 million. Many speculate that this number can exceed $10 million before the presale ends.
Base Dawgz ($DAWGZ) – Utilizes the Multi-chain Interoperability to Capture a Wide Array of Investors
Base Dawgz ($DAWGZ) is looking to capitalize on its massive technological advancements. It has a wide array of blockchains you can use due to its multiple blockchain compatibility.
It primarily operates on Base, but you can buy $DAWGZ with Ethereum, Solana, Binance Smart Chain, and Avalanche.
This multi-chain feature allows these blockchains to communicate and share data seamlessly, enhancing scalability, flexibility, and user experience. This interconnectedness enables efficient asset transfers, diverse application integrations, and a more vibrant ecosystem.
It has a big impact because the presale has raised $2.8 million. The current price of $0.007414 is considered a bargain. The next price increase is just 5 days away, so be quick to grab $DAWGZ as this valuation.
PlayDoge ($PLAY) – Plans on Realising a Mobile Game That Will Capture the Hearts of Its Users
PlayDoge ($PLAY) aims to take a significant chunk of the Play2Earn sector with its new mobile game. It will release as the presale ends.
The game is a modern rendition of the legendary 90s hit Tamagotchi Pets. The original game sold over 90 million copies worldwide and was a staple in many childhoods across the world.
The new version banks on that nostalgia with its updated graphics and higher resolutions. You get to earn $PLAY tokens by regularly taking care of your virtual dog. Also, a leaderboard system is implemented where only the top players get additional token rewards.
Hype for the presale has reached a fever pitch as the fundraising is nearing the $6 million mark. It is evident that the token will surge massively post-launch.
Shiba Shootout ($SHIBASHOOT) – Cowboy Meme Coin with Fun Games and Lucrative Rewards
Shiba Shootout ($SHIBASHOOT) is the latest meme coin to emerge, but It’s different due to its Wild West theme.
It is best seen in its Shiba Sharpshooter mobile game, which sets you into pistol duels with various competitors. It has a Play2Earn model where you get $SHIBASHOOT rewards for playing it.
Additionally, you can earn more tokens through the “Posse Rewards” referral program and “Lucky Lasso Lotteries.” There, players can try their luck to win enormous prizes. There is a “Saving Saddlebags” option where you can automatically allocate a portion of your winnings to your dedicated wallet.
The presale is gaining traction as over $880k has been raised so far. The raised amount will only increase with time passing by.
The Meme Games ($MGMES) – “Official” Summer Olympics Token That Mimics Its Theme
Meme Games ($MGMES) 寄希望于法国夏季奥运会的兴奋气氛。是
The above is the detailed content of Best Tokens to Buy in August 2024 – Quick Review. For more information, please follow other related articles on the PHP Chinese website!