Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Are whales reallocating their assets from older meme coins to newer ones? This seems to be the case, as several emerging meme coins have been surpassing their more established counterparts like Dogecoin (DOGE) and Shiba Inu (SHIB) amid the current market recovery.
Market sentiment faced significant challenges over the weekend into Monday due to concerns regarding a potential US recession and geopolitical tensions.
However, the markets have since stabilized, enabling a recovery in cryptocurrency prices.
Newer meme coins such as Popcat (POPCAT) are at the forefront of this movement.
While DOGE and SHIB have only increased by approximately 5% in the last 24 hours, POPCAT has surged by 27%, according to CoinMarketCap.
The Solana-based token was last trading just below $0.58. Market participants are looking for a retest of the highs it achieved earlier this year around the $1.0 mark.
The superior performance of newer meme coins may be attributed to whales reallocating their investments.
However, funds are not only flowing into already launched tokens. Numerous new meme coin presales are also witnessing substantial interest.
Analysts at Cryptonews.com are particularly focused on two specific names.
Here are two newer meme coins that the Cryptonews.com team has identified as top presale selections.
Promising Newer Meme Coins
Pepe Unchained (PEPU)
Unlike many recently launched Pepe imitation tokens, Pepe Unchained offers significant utility.
Pepe Unchained is a new Ethereum layer-2 protocol designed to become the preferred blockchain for meme coin trading.
The token presale for Pepe Unchained commenced a few weeks ago, raising over $7.7 million to date.
The Breaker of Chains did it again!
$7.5M raised!pic.twitter.com/ygR2ivQhtl
— Pepe Unchained (@pepe_unchained) August 7, 2024
Thirty percent of the token’s supply is allocated for staking rewards, which presale investors can begin earning immediately.
With a price of just $0.0088044, PEPU has a market valuation of around $70 million. If it meets its objectives of becoming a significant layer-2 protocol, it could easily see a tenfold increase from its current value.
Related Posts
PEPU also presents a passive income opportunity. The project’s website indicates that the current staking yield is approximately 251% for presale investors.
Investors who participate now could potentially increase their PEPU holdings significantly by the time the token launches.
Cryptonews.com’s in-house analyst Chester elaborates below on why this meme coin holds considerable potential.
Buy PEPU Here
Base Dawgz (DAWGZ)
Another newer meme coin generating considerable buzz is Base Dawgz.
Base Dawgz (DAWGZ), a new meme coin on the Base network, features a playful base-jumping Shiba Inu cartoon character that can effortlessly transition between the five most utilized blockchains (excluding Bitcoin).
These blockchains include Base, Ethereum, BNB, Avalanche, and Solana.
The DAWGZ presale has been a remarkable success, raising $2,845,000 in just a few months.
Congrats on passing 2.8 million $DAWGZ
We’re getting closer. And hopefully we can give you an update next weekpic.twitter.com/mRvjOMwD6F
— Base Dawgz (@BaseDawgz) August 3, 2024
DAWGZ is currently priced at $0.007414, but this price is expected to rise soon, prompting potential investors to act swiftly.
Base Dawgz is also recognized as one of the leading passive income opportunities in the current market.
According to the meme coin’s official website, the current APY for presale investors who stake their tokens is 928%.
This implies that investors could potentially double their presale DAWGZ holdings before the token launches in a few weeks.
This yield is derived from the 20% of the DAWGZ supply designated for staking rewards.
DAWGZ’s modest valuation and passive income prospects indicate a favorable risk-reward ratio.
It certainly ranks among the top meme coins on the Base chain to consider for purchase.
Popular influencer Clay Bro discusses below why he believes DAWGZ has the potential for a tenfold return.
Buy DAWGZ Here
The post Newer Meme Coins Outperform Dogecoin, Shiba Inu, As Whales Move Funds appeared first on Cryptonews.
