Crypto market is still in the downtrend, but keep in mind that October (or as crypto traders like to call it ‘Uptober’) is just around the corner.
If history taught us anything, it’s that meme coins usually lead the market rally when it starts to recover. Some analysts believe utility projects will “kick in” when the bull run returns, but there will for sure be some memes pumping as well.
Right now, looking for the best meme coin to invest in is not an easy task, especially when you look at recent price performances.
The PEPE price is down 7% this week, which brings its market cap to below $3 billion. As a reminder, PEPE peaked in May when market cap boomed to over $7 billion.
The SHIB price is down 4% this week, and market cap is now lower than $8 billion. Shiba Inu’s peak was at around $20 billion in 2021.
Other top meme coins are doing even worse.
So, what’s the best meme coin to buy now during this dip? An answer might potentially be – PandaWorld’s native token PADW.
PandaWorld: A New Contender in the Meme Coin Arena
PandaWorld is designed as a P2E (Play-to-Earn) gaming platform that includes a casino, a content hub, and other revenue-generating features. The platform is built to generate revenue, with a portion allocated to a central pool.
Users who stake their PADW tokens in the ecosystem become eligible to receive a share of the revenue generated from the P2E games, casino, and content platform. This allows token holders to potentially earn passive income while their tokens remain staked.
PandaWorld offers a deflationary coin model that reduces the supply of PADW coins through periodic burns. The goal is to increase the value of the remaining tokens over time.
Beyond just being a meme coin, PandaWorld is building an ecosystem that includes a marketplace for trading NFTs, exclusive merchandise, and community events. This approach sets it apart from many other meme coins that lack utility beyond speculation.
The coin is currently in presale, and over $115,000 has been raised already. The launch is planned for Q4 this year, which could coincide with the potential market recovery that many crypto enthusiasts are hoping for.
Read also: Realistic Ripple (XRP) Price Prediction – 60% Pump in 2024 Is Possible, But Here’s the Catch
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