Meme coins had a massively successful few months in 2024. Numerous newly released projects reported gains of over 3,000%, and the average returns for new memes were over 1,300% in the first half of the year. However, the situation changed throughout July, when meme coin markets lost nearly 30% in just a few weeks.
The downfall was a result of wider economic factors and an overall retraction of crypto markets which fell below $2 trillion after months of expansion, forcing investors to sell their tokens and move on to affordable projects yet to go live in the next few months. The hottest options in July include Pepe Unchained, WienerAI, PlayDoge, and Shiba Shootout, so let’s take a look at the current situation and why these cryptos are now in focus.
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Meme Coin Markets Losing Their Footing
The meme coin market is currently in turmoil, and despite making some short-term gains, the outlook is not good at all. The market capitalization has dramatically dropped, crashing down to $42 billion from above $60 billion, which is a significant loss in a short period of time. Daily trading keeps growing, as most token holders keep dumping their supplies, resulting in further losses across the board.
Major players like Dogecoin, Shiba Inu, Dogwifhat, Pepe, Bonk, and almost all others have lost anywhere between 1 and 26% in the past week, making it the fourth week in a row of losses. A rare few memes are managing to turn losses into gains, but even that is usually short-lived and the situation turns into losses only hours after recovery.
The meme coin selloff is triggered largely by Bitcoin’s recent losses, which saw the token drop to $56.500, nearly $20K lower than its ATH set just a few months ago. Bitcoin seems to have settled at $57,300 during the past 24 hours, but it’s still 8.3% lower than it was just seven days ago.
Historically speaking, meme coin markets usually lose their footing as BTC enters a downtrend, which is the same thing that happened this time around. There are still no signs of a recovery, and the entire crypto market is definitely moving toward a prolonged bearish phase that could get even worse in the upcoming weeks. The situation is now forcing millions of investors to dump their memes and diversify their investments across emerging projects we’ll take a look at right now.
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Pepe Unchained – New Layer-2 Meme Coin With Fast Transaction Speeds and Low Fees
Pepe Unchained emerges as a groundbreaking meme coin, showing huge potential and high staking rewards. Combining humor with advanced technology, it will launch as a Layer-2 solution built on its own blockchain, which will make it a unique project in the meme coin market.
Pepe Unchained’s Layer-2 solution boasts exceptional transaction speeds and reduced fees, outperforming established Layer-1 blockchains like Ethereum. The token distribution is well-structured: 30% for staking rewards, 10% for decentralized exchange liquidity, 20% for marketing, 20% available in the presale, with the remainder allocated for project finance and chain inventory.
The project leverages PEPE’s success in the past year, positioning itself as one of the best meme investments this summer. $PEPU is set for massive growth, and with its unique set of features and design options, it’s definitely one of the investments you don’t want to miss. The presale raised over $3 million in two weeks, making $PEPU a must-have for all investors looking for cryptos with high-return potential during the current market downfall.
WienerAI – AI-Powered Meme Coin That Already Raised Over $7 Million
WienerAI uniquely combines artificial intelligence with the bubbly character of online memes. The unique design approach uses an advanced AI bot designed to help users navigate the complex crypto markets, ensuring they never miss a good investment opportunity again. The ecosystem is powered by the native $WAI tokens, used for communicating with the bot, getting trading signals, and more.
The project offers a simple interface and an AI bot that scans market data to provide investment signals. The bot can provide accurate answers to any questions users might have, and users can interact with it for technical advice, allowing them to improve their trading skills over time.
WienerAI has raised over $7.3 million in its presale in about one month, and its community support keeps growing daily. If you invest today, you can stake your tokens immediately for an APY of 155% before the first listings.
Shiba Shootout – Wild West Themed Meme Coin Destined To Become The Next Shiba Inu
Shiba Shootout captivates with its unique Wild West theme, merging meme coin charm with community engagement. Focusing on community, the “Shiba Gulch ” concept offers a virtual space where users can share memes and participate in challenges to earn native $SHIBASHOOT tokens.
Community engagement is furthered through features like “Campfire Stories” and “Token Governance Roundups” all of which offer various challenges and interesting storylines. Loyal members who post often can earn Posse Rewards and Lucky Lasso Lotteries and take part in Cactus Staking. Raising over $600,000 during the first week of its presale, $SHIBASHOOT tokens are positioning themselves as one of the best meme investment options this summer!
PlayDoge – Nostalgic P2E Game From the 90s with Mobile Gaming and Blockchain Tech
PlayDoge attracts investors by combining nostalgia, mobile gaming, and high staking rewards. Inspired by the 90s Tamagotchi game, the project features a P2E blockchain mobile game with unique rewards and mechanics. Like in the original title, the goal is to take care of your virtual pet. However, as you progress, you can earn native $PLAY tokens as rewards. It has raised over $5.5 million in its first month.
$PLAY tokens are currently available for $0.00517, but their price will increase with every phase. Early investors can stake their coins for an 89% APY. Invest today, earn high rewards, and have fun playing one of the most legendary games from the 90s, but with a modern twist.
Final Words
Meme coin markets have been in a steady decline that saw over 30% of the overall value dissolve in the past month. The massive downfall is a result of increased token dumping, combined with BTC’s price drops, as well as an increased push for crypto regulations worldwide.
However, new meme coins such as Pepe Unchained, WienerAI, Shiba Shootout, and PlayDoge are still gaining traction and are likely to result in high returns despite the bearish market in the next few months. So, if you’re looking to make a profit, visit their official sites, invest early, and come out the other end as a winner!