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Ethereum had a few tough weeks in July. It lost most of its value after reaching a price of nearly $4,000 earlier this month. The sudden price drop came during a huge crypto market retraction, pushing almost all listed altcoins into the red zone. Many of the cryptos with the highest losses are still unable to recover. The same seems true for Ethereum.
Despite the announcement of Ethereum ETFs, the world’s second most valuable crypto is still struggling. It is currently 13% lower than it was 30 days ago. The stagnation and uncertainty resulted in massive token dumps. Thousands of investors are now focusing on cryptos such as PlayDoge, Pepe Unleashed, Sealana, and WienerAI, currently available in presale.
>>> Buy The Best Crypto Now<<<
Ethereum in Freefall – More Losses Possible
Ethereum is having a rough time right now. It’s currently down about 20% from its highs back in March 2024. The general momentum suggests it should be heading up, thanks to a bullish day on May 20. There are still signs that things aren’t all rosy. It recently dipped below the $3,300 support level, which isn’t great news. With this trend, traders are thinking about short selling. They look at the bearish pattern that appeared on June 24 when they were eyeing the lows from May 20.
Right now, traders are really into following the trend, selling every time Ethereum tries to go up a bit. It’s pretty clear Ethereum is struggling lately. After consistently going lower and lower, it’s dropped around 3% just in the last week. With the breakout we saw on June 24, trading volume has shot up. It hit over $21 billion as of the latest update.
If this downward trend from yesterday continues, Ethereum could fall even more. It could potentially hit those critical support levels set back in May 2024. However, according to some industry experts, a bullish phase might be on the horizon. So, we just have to wait and see what happens in the next few days. Until then, investors worldwide are pouring millions into new meme coin presales. So, let’s take a look at their most popular choices.
>>> Buy The Best Crypto Now<<<
Pepe Unchained – Innovating Layer 2 Solutions with a Frog-Themed Meme Coin
Did you hear about the newest frog-themed meme coin Pepe Unchained ($PEPU)? It’s creating buzz by mixing meme coin fun with solid tech. It’s building a community with smart incentives. That aims to replicate the loyal fan bases of Dogecoin, Shiba Inu, and PEPE.
Pepe Unchained appeals to all kinds of investors with its engaging token setup and a clear roadmap. The official presale raised over $1 million in less than a week. It is funding its Layer 2 network development and attracting significant interest from investors worldwide.
Apart from high return potential, it also offers a staking option. That allows early investors to lock their tokens for high returns, currently around 2194% APY. The presale is user-friendly, allowing purchases via ETH, BNB, USDT, and bank cards. Tokenomics include 30% for staking rewards, 20% for presale and marketing, and the rest for liquidity and expenses. Pepe Unchained is one to watch in the Layer 2 and meme coin markets. It is setting itself up for some massive returns this summer.
WienerAI – Blending Dog, Sausage, and AI
Meet WienerAI, a meme coin that mixes artificial intelligence, a dog-themed story, and sausages! Created by “The Architect” in a fictional 2132, it combines synthetic DNA and sausages, creating an AI-driven dog entity with impressive powers. The unique backstory is what makes this project so appealing in the crypto community, and it allowed it to become one of the most anticipated memes in 2024.
WienerAI offers an AI-powered trading bot designed to be extremely easy to use, making it an excellent choice for beginners and seasoned users alone. It’s designed to spot promising investments and execute trades, allowing users to reduce risk when investing and ensuring they never miss a good trade.
The tokenomics promotes community engagement and sustainability. The maximum supply of 69 billion $WAI tokens is divided according to the best industry practices, and 30% are available in the ongoing $WAI token presale, which has raised nearly $6.5 million. Users who invest during the presale event can stake their tokens for high APYs, which resonated well with the crypto community and could potentially result in some of the highest gains in the meme coin markets this year.
PlayDoge – Fun Gaming Inspired by a Classic 90s Game with Real-world Earnings
Next, check out PlayDoge, a play-to-earn crypto game blending one of the favorite games from the 90s, Tamagotchi, with the recognizable Doge meme character. The user’s main obligation is to care for their virtual pets by feeding, training, and playing mini-games to earn rewards.
The PlayDoge official presale has raised over $5.2 million in weeks. It has stages with progressively increasing token prices. Native $PLAY tokens are priced at $0.00513; if you stake them immediately, you will receive 125% APY.
Their tokenomics plan includes 50% of the total supply for presale, providing early supporters a chance to invest. $PLAY tokens will be used to earn in-game rewards and participate in the ecosystem. The game will launch by late 2024, potentially boosting demand and value for $PLAY tokens.
Sealana ($SEAL): Riding High on Presale Success
Lastly, Sealana is a meme coin on the Solana blockchain featuring a seal character inspired by the Gamer Guy from “South Park.” Sealana aims to draw a broad audience with its humorous portrayal of a seal who spends its entire time trying to become a millionaire by trading cryptocurrencies.
The presale has surpassed $6 million, and even though it was supposed to end last week, it was extended due to growing interest among investors.
The new closing date is July 2nd at 1 PM UTC when the airdrop begins, and trading goes live on DEX. If you get $SEAL tokens by 1 PM UTC on July 1st, you’ll get $SEAL tokens the next day. From July 2nd, the presale widget switches to OTC for token airdrops. Sealana might become the next high meme coin gainer, so don’t miss your chance to invest early to get the highest returns!
Final Words
Ethereum has disappointed thousands of investors who are now choosing to sell their ETH and move to other altcoins with high return potential. New projects such as Pepe Unchained, WienerAI, PlayDoge, and Sealana are making waves within the crypto community, showing massive growth potential in the next few months. Invest today and enjoy some of the highest gains likely to happen soon.
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Serena James has worked as a writer for different media houses in the past. Currently, she is working as a fundamental writer for thecoinrepublic, covering decentralized finance. When she isn’t writing, she can be found skimming and scanning Twitter and other websites to produce mind blowing breaking stories.
