Ethereum Price Plummets 8%: Is a Major Rebound or Further Decline Ahead for the Altcoin Giant?

Despite a stellar launch of Ethereum Exchange Trade Funds on July 23, 2024, this altcoin giant slumped in price by 8%. Thus, it has raised questions about whether Ethereum is heading towards a retest of $3k support by month’s end or will decline further.

Historically, ETF (Exchange Trust Fund) launches often lead to a “sell-the-news” dip, a pattern observed in past approvals. Recent Bitcoin distributions and stock market liquidations have added to Ethereum’s price dump. While this altcoin giant trades at $3,100, it shows signs of vulnerability, and more bearish sentiment is expected.

While short-term corrections could occur, investors are exploring newer altcoins ahead of 2024’s bullish phase. In this article, we’ll consider these projects and their offerings. So, prepare your crypto wallets, and let’s dive into these promising crypto gems of the year.

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Pepe Unchained (PEPU): A Layer 2 Network for Meme Coins

Have you ever tried to swap a token on Ethereum and got hit with huge gas fees? That’s where Layer 2 networks help, speeding up transactions and slashing fees. Pepe Unchained is bringing this tech to meme coins.

This project’s Layer 2 network aims to be 100 times faster than Ethereum, allowing meme coin investors to trade, stake, and HODL without high fees. Plus, a staking protocol for the PEPU token offers annual yields of over 300%.

Since its presale started, Pepe Unchained has gone viral on social media, gaining hundreds of new followers daily and securing top spots on CoinSniper.net. The presale has already raised over $5 million, with investors rushing to get in early as the token price will increase in stages.

Notably, popular YouTubers like Austin Hilton are mentioning Pepe Unchained, thus boosting its visibility. While there’s no “sure thing” with meme coins, Pepe Unchained’s Layer 2 plans and presale success are grabbing attention. So, take advantage of its nascent stages and enjoy the best gains possible in no time.

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Meme Games (MGMES): A New Crypto Project Inspired by the Ongoing Olympics Games

Meme Games is a new crypto poised to become the official token of the 2024 Olympics. The ecosystem Features five meme athletes, each representing an Olympic nation with unique artwork. For instance, Pepe represents France’s swimming team, while Doge is the USA’s sprinter in the 169m dash. Other athletes include Turbo from Italy, WIF from Britain, and Brett from Germany.

You can choose your favourite athlete, each having a 20% chance of winning the Meme Games event. Those who pick the winning athlete receive a 25% bonus on their presale investment. The Meme Games presale launched last week and has already raised over $250,000. It will run throughout the Olympics, closing on September 8th, 2024, coinciding with the Paralympics closing ceremony.

Additionally, Meme Games offers a staking program with an APY (Annual Percentage Yield) of over 900%, providing passive rewards for holding the token. Investors can participate in the presale without KYC requirements, making it accessible for all budgets.

Experts are predicting up to 100% returns in the coming months. This unique play-to-earn project promises huge upside potential and capitalizes on the Olympics’ global appeal, making it an attractive investment opportunity.

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Wiener AI (WAI): An AI-Powered Meme Project Spurred For Massive Growth

If you’re seeking innovative investment opportunities with excellent potential returns, consider Wiener AI. This unique project combines innovative artificial intelligence technologies with a focus on improving crypto traders. It also focuses on developing advanced AI solutions, including data Analysis, process automation, and intelligent support systems.

Investing in Wiener AI is simple and secure. Simply visit the project’s website and follow the instructions to purchase the presale tokens. The process is intuitive and safeguarded by high-end technology.

As the project develops, the token value is expected to increase, offering more profits to investors. By investing, you also support innovative solutions with real social and economic benefits. Remarkably, the $7 million raised during the presale stage reflects investors’ immense trust in the project.

With a strong team and ambitious goals, Wiener AI has the potential to become a major player in the AI technology market. So, endeavor to invest in this exciting project and enjoy significant gains in return.

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PlayDoge (PLAY): An Exciting Play-to-earn (P2E) Meme Project

PlayDoge has been making waves with its impressive $5.5+ million raised during its ongoing presale phase. The project’s unique backstory involves a meme trader discovering the PlayDoge app, where his favourite Doge thrives in a 90s-style pixelated game.

This heartwarming reunion introduces play-to-earn rewards, enhancing the PlayDoge experience. Players earn PLAY tokens as in-game currency, which can be used to purchase items and unlock Features. An XP system tracks progress, and top players on the leaderboard receive extra PLAY tokens.

Another standout feature is the ease of acquiring PLAY tokens using Ethereum, Tether, or a bank card. Currently priced at $0.00522 per token, a price increase is scheduled soon to incentivize early investors.

PlayDoge’s engaging and nostalgic storyline, combined with its strong presale results, makes it a compelling project in the crypto world. Endeavor to check it out as soon as possible.

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Shiba Shootout (SHIBASHOOT): A Meme Platform Bringing P2E Gaming to the Crypto Wild West

Shiba Shootout is another viral meme coin making waves thanks to its play-to-earn mobile game. The game is already available in a basic version on Google Play and the App Store. The full version will launch later this year, allowing players to earn SHIBASHOOT tokens, the game’s native ERC-20 currency.

SHIBASHOOT tokens serve as the in-game currency and provide access to various Features and rewards. The game also offers the Cactus Staking system, where players can lock up their tokens to earn more over time (currently a 1,200+% APY), and the Lucky Lasso Lotteries to win bigger crypto prizes.

The Shiba Shootout presale has raised over $770,000 and is nearing the $1 million milestone. Tokens are currently priced at $0.0197 each. The presale is conducted in stages, and the price will rise as it progresses. Once the presale ends, plans are in place to list SHIBASHOOT on exchanges.

Overall, this project is poised to become the next big meme coin of 2024, combining community hype, social media momentum, and a unique Wild West theme. So, consider adding this project to your portfolio and enjoy guaranteed gains before the year ends.

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Hypeloot (HPLT): A New Crypto Casino with Innovative Rewards

Hypeloot is a new crypto casino offering unique daily rewards based on the casino’s performance. Using a buy-back-burn system, Hypeloot buys HPLT tokens daily, burns half to reduce supply, and sends a portion to the staking pool for daily rewards.

Since its presale began on February 1, 2024, Hypeloot has raised over $2 million. The token price is currently $0.12 and will be $0.20 when listed on exchanges. The total supply is capped at 100 million, with 40% available in presale and 12.5% for staking rewards. Early buyers also get access to Hypeloot’s Hypes NFTs, which adds more value to their investment journey. Don’t miss out on this vital project reshaping the crypto casino landscape.

Prepare For Bullish Gains with These Top Crypto Projects

Ethereum’s recent 8% drop adds a dramatic layer to the crypto market. Even as it faces this setback, Ethereum’s resilience highlights its enduring potential. Yet, the spotlight now shifts to exciting new projects that could outperform this altcoin giant.

For astute investors looking to make the most of the imminent bull run, it’s crucial to diversify and explore the innovative newcomers we’ve discussed in this post. Now is the perfect time to get in early on promising projects. Seize the moment and stay ahead of the curve as the crypto landscape evolves.

 

 

 

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