The Black Monday drop has been severe, but luckily, cryptocurrencies are already starting to bounce back.
Even though many analysts predicted the drop to continue, Bitcoin is already trading above $56,000, with the rest of the major altcoins following in its footsteps.
Now, some popular analysts are speculating that this could be the beginning of the next crypto bull run.
If this is true, the tokens that are most likely to explode are ICOs such as Pepe Unchained ($PEPU), Base Dawgz ($DAWGZ), and PlayDoge ($PLAY).
Let’s dive into the details.
Bitcoin’s Decline May Spark a Bull Run – These ICOs Are Most Likely to Bring Profits When the Surge Occurs
Bitcoin’s price made a strong comeback after falling below $50,000 on August 5.
Popular trader Peter Brandt sees a pattern similar to what happened before the 2016 bull run. On August 5th, he posted on Twitter, pointing out how Bitcoin’s price drops after halving events show some interesting similarities.
Brandt explained that Bitcoin’s price drop since the April 2024 halving looks a lot like the price moves we saw during the 2015-2017 cycle. Back in 2016, Bitcoin’s price fell by 27% after halving, dropping from $650 to $474.
This year’s halving in April saw Bitcoin drop by 26%, from $64,962 to $49,050. Brandt thinks this pattern might mean we’re heading into another bull run.
His analysis suggests that Bitcoin’s price movements are consistent, and this recent dip could signal a new bullish trend like the one in 2016.
But does that mean Bitcoin is the best crypto to buy right now? Not necessarily.
If you’re looking for bigger profits, the best options now are Pepe Unchained ($PEPU), Base Dawgz ($DAWGZ), and PlayDoge ($PLAY). Below, we’ll check out why this is the case.
Pepe Unchained ($PEPU) Is Streamlining Transactions for Traders by Building a New L2 ‘Pepe Chain’
Pepe Unchained ($PEPU) is a new meme coin project that’s building a proprietary Layer-2 blockchain (Pepe Chain) to try and solve the transaction issues traders are seeing.
This Layer 2 solution will address common issues such as high transaction fees and slow processing times. With this real-world utility, $PEPU could easily explode since the project doesn’t revolve only around memes and fun elements.
Furthermore, it’s leveraging the Frog meme craze with a more sophisticated approach, unlike the original Pepe ($PEPE).
The project has gained huge financial support as we’ve seen it raise over $7.6 million during its presale, with the hype still going strong.
Staking rewards are another notable advantage of $PEPU and the current APY stands over 250%. However, this number will drop as more users join the platform and start staking their coins.
Base Dawgz ($DAWGZ) Travels Across Several Blockchains with a Multichain Approach That Could End up Bringing 100x Profits
Base Dawgz ($DAWGZ) is a multichain meme ICO built on the Base blockchain. This Shiba Inu-themed token is leveraging the advantages of multiple blockchains including Ethereum, Solana, BSC, and Avalanche through Wormhole and Portal Bridge technology.
The interoperability allows users to switch between networks without fees, which helps them get the best staking rewards and transaction speeds available.
The presale of Base Dawgz has been very successful, raising over $2.8 million so far and increasing the token price by 40% from its initial launch.
The project also went through a smart contract audit to ensure safety and credibility, so investors don’t have to worry about risks like honeypots and rug pulls.
PlayDoge ($PLAY) Is Rising to the Top of the P2E Market With Its Virtual Mobile Pet Game Based on the 90s Tamagotchi
PlayDoge ($PLAY) is a P2E mobile game inspired by the classic Tamagotchi virtual pet experience, and it’s quickly rising to the top of this market.
In the game, players adopt and nurture a virtual Doge pet – they can feed them, play with them, train them, and more.
The $PLAY token is the primary in-game currency for transactions and it’s also used for accessing special features. Players earn $PLAY tokens by caring for their virtual pet and playing mini-games.
PlayDoge’s main goal is to create a robust ecosystem, with plans for extensive marketing, app development, and listings on decentralized exchanges (DEX) like PancakeSwap. The project has raised nearly $6M so far.
The Verdict
Popular analyst and crypto trader Peter Brandt says Bitcoin’s decline earlier this week could actually be a positive sign and an indicator of the next bull run.
A large number of investors online agree with his theory and are now buying new tokens to potentially profit from the rally.
If you’re aiming for bigger profits as well, the best options now in the market are Pepe Unchained ($PEPU), Base Dawgz ($DAWGZ), and PlayDoge ($PLAY).
These tokens could easily explode in the upcoming weeks, due to their real-world utility and trending presale success.