The current state of the cryptocurrency market indicates a notable level of fear among investors, evident in their behavior as many seek refuge in safer investments.
However, while retail investors are fleeing, whales are spotting a buying opportunity, particularly in meme coins. According to analysts, here are five meme coins that could see significant gains in the upcoming bull market.
Shiba Inu (SHIB)
Shiba Inu sits firmly as the second-biggest meme coin globally, with a passionate community that some believe could propel it through tough economic times.
Coinbase data shows Shiba Inu holders are some of the most committed in the crypto space, holding for an average of over two years. This strong community backing is a major reason for Shiba Inu’s promising future potential.
Recently, there’s been a buzz around Shiba Inu potentially reaching $0.01. Analysts point to Dogecoin’s incredible rise as an example.
Dogecoin, once a joke, skyrocketed past $0.01 thanks to major market events and celebrity endorsements, most notably from Elon Musk. This is a reminder that anything is possible in the wild world of crypto.
Pepe (PEPE)
Some analysts are bullish on Pepe, the meme coin chasing Shiba Inu’s throne. They predict Pepe will surpass Shiba Inu during the next bull market, mirroring Shiba Inu’s rise as the Dogecoin killer.
However, Pepe faces an immediate hurdle. Despite boasting an impressive trading volume of $500 million, the price has taken a hit, dropping 29.17% in the last month.
This decline is driven by heavy selling from traders, leading to lower volatility and potentially shaking investor confidence. Adding to the uncertainty is the recent departure of big investors, known as “whales.”
On-chain data reveals a significant decrease in whale transactions involving Pepe tokens, suggesting they expect further price drops and are cashing out.
While upcoming Ethereum ETFs might give Pepe a boost, the current situation is murky. The lack of whale activity coupled with the ongoing price decline paints a short-term bearish picture for the meme coin.
Pepe Unchained (PEPU)
In contrast to other meme coins, Pepe Unchained takes a unique approach by developing its own Layer 2 blockchain. For example, the Shiba Inu coin ecosystem has developed Shibarium, a Layer 2 blockchain that uses BONE as the gas token.
Similarly, Pepe Unchained is building a Layer 2 blockchain that will use $PEPU, the Pepe Unchained token, as both the gas and governance tokens.
Pepe's taking blockchain to new heights!
SpiderPepe hanging from the ceiling and ready to drop something big 🕸️🐸 pic.twitter.com/yKAWZKkeTN
— Pepe Unchained (@pepe_unchained) July 11, 2024
Pepe Unchained offers features such as instant bridging, 100x faster transaction speeds than Ethereum, a dedicated block explorer, and low transaction fees, all while earning an impressive 557% annualized interest.
Checking out Pepe Unchained is a good idea, as the price is set to increase in just 9 hours. Already, $3.4 million worth of tokens have been sold during this market pullback, an incredible achievement.
This indicates that both investors and whale investors are not only buying Pepe and Shiba Inu coins but also actively acquiring Pepe Unchained.
It’s noteworthy that $3.4 million in inflows have occurred at a time when the market shows retail investors are inclined toward outflows. To participate in the $PEPU token presale, visit pepeunchained.com.
Shiba Shootout (SHIBASHOOT)
Shiba Shootout stands out in the meme coin world by blending excitement, utility, and stability. This unique mix is attracting crypto enthusiasts.
Beyond its fun branding, Shiba Shootout offers a staggering 1,594% annualized interest rate, rewarding investors significantly, especially during downturns. This high yield potential translates to substantial gains even with moderate price increases.
Inspired by the Wild West, the project immerses users in a thrilling digital adventure. Here, participants navigate the unpredictable crypto landscape, engaging in strategic battles and high-stakes challenges.
To incentivize community growth, Shiba Shootout boasts a referral program, rewarding users for inviting others and ultimately driving token demand.
Campfire Story sessions foster a strong community by allowing members to share experiences in a relaxed setting.
Shiba Shootout embraces decentralized governance, empowering users to participate in key decisions and fostering ownership and engagement. The Lucky Lasso Lottery adds excitement by offering valuable crypto prizes and boosting participation and token demand.
For additional rewards and to contribute to token scarcity, Shiba Shootout offers Savings Saddle Bags and Cactus Staking, allowing users to lock up holdings and earn extra rewards.
The token distribution itself is structured for growth and sustainability, with significant portions allocated to presale, staking, development, liquidity, marketing, and community rewards.
The Shiba Shootout presale provides an attractive entry point, with the current price strategically planned to increase. Early participation allows investors to secure their position and potentially benefit from substantial returns as the project gains traction.
With its unique concept, engaging features, and defined roadmap, Shiba Shootout positions itself as a promising contender for explosive growth in the cryptocurrency market. Be a part of the $SHIBASHOOT token presale at shibashootout.com.
PlayDoge (PLAY)
PlayDoge, the crypto world’s latest star, rocketed to fame with a $5.6 million presale haul. This meteoric rise highlights the meme coin craze and the booming Play2Earn sector.
PlayDoge targets crypto enthusiasts chasing the next big thing, similar to meme coin successes like Floki Inu. PlayDoge’s $PLAY token, built on the Binance Smart Chain, sets it apart.
This ensures scrutiny and a potential Binance listing, offering an attractive entry point for investors with the potential for high returns as the project grows.
At its core, PlayDoge cleverly merges gaming with earnings, reminiscent of the beloved Tamagotchi and Dogecoin’s allure. Players nurture a digital Doge companion in a 2D mobile game, earning $PLAY rewards.
Scheduled for release soon after the presale, this game taps into nostalgia while offering real utility, a key differentiator in the crowded meme coin space.
PlayDoge allocates resources strategically, with a significant portion dedicated to the community via presales, staking rewards, and marketing. This incentivizes participation and ensures sustained development and engagement within its ecosystem.
The project’s roadmap promises further expansion beyond the initial game, including additional mini-games and community-driven initiatives. Audited by SolidProof for security, PlayDoge mitigates risks common in new projects, boosting investor confidence.
With a staggering 9,200% staking return, PlayDoge incentivizes early adoption and loyalty, making it attractive for investors seeking active participation in the Play2Earn economy.
Poised for explosive growth alongside the gaming and Play2Earn sectors, PlayDoge is well-positioned to capitalize on the surging demand for interactive and rewarding blockchain experiences. To take part in the $PLAY token presale, visit playdoge.io.
