As $PEPE Crashes, Crypto Investors Flock To These Groundbreaking Meme Coins Set For More Than 10x Returns
The meme coin market is experiencing heavy sell-offs today, with market-leader $PEPE falling by a steep 21%.
The mainstream meme coin started to see significant price drops after rumors appeared the developers had started to sell huge amounts of $PEPE on centralized exchanges – igniting fear in investors.
As the overall crypto market experiences a downturn, newly emerging meme coins continue to be one of the sectors that traders are rushing toward to hedge their portfolios.
Meme coins have long been known to provide exceptional returns – even during bear markets – so traders are currently rushing to get positioned as they believe in the 10x potential.
Although heavyweight meme coins like $SHIB, $PEPE, and $BITCOIN are falling, traders are rushing to newly emerging meme coins that are lesser known.
In particular, Sonik Coin ($SONIK) and Wall Street Memes ($WSM) are turning into frontrunners in the emerging meme markets as traders experience the FOMO during the $BTC and $PEPE price drops.
What you'll learn 👉
Heavyweight Meme Coins Start to Slide as Investors Look For Low-Cap Alternatives
Heavyweight meme coins that have been trending over the past few months are starting to experience somewhat dangerous rocky territory this week.
Heavyweight tokens like $PEPE and $BITCOIN have experienced massive sell-offs as the price of $BTC starts to slide.
$PEPE has ruled the market since April 2023 after providing over 30,000% returns for early investors.
Unfortunately, the token is now down by a steep 21% this week as it loses support at $0.000001 to reach the current $0.000000876 level;
The price crash is largely a result of speculation suggesting that the developer of the meme coin has started to sell his tokens.
According to Lookonchain, the developers behind the coin moved 16 trillion $PEPE out of the multi-sig wallet to a CEX exchange;
Another early buyer of $PEPE also dumped 932B $PEPE for 524 $ETH($870K) after the Pepe team deposited 16T $PEPE to exchanges.https://t.co/EiUQUrHWqc pic.twitter.com/CHWL7NeA5w
— Lookonchain (@lookonchain) August 25, 2023
The move lower caused $PEPE to break crucial support at $0.000001 as it dropped as low as $0.0000008 – where it found lower support at a .786 Fib Retracement.
If the sellers continue to drag $PEPE lower, the next support is expected at $0.00000075, $0.00000070, $0.0000006, and $0.000000525 (.886 Fib Retracement);
At the same time, a newer meme coin – HarryPotterObamaSonic10Inu ($BITCOIN) took the mantle from $PEPE in recent weeks, surging by a similar 2000% from the July lows to reach as high as $0.2 in August.
However, the token has since rolled over as $BITCOIN is down by a steep 44% this week;
Despite the steep downturn in the popular meme coins, traders are rushing to get positioned into lower market cap alternatives.
Investors are always looking for low-cap projects to diversify a small portion of their portfolio into as they believe they have the ability to provide more than 10x returns in the short term.
In particular, $SONIK and $WSM continue to gain traction as their presales continue to rise while the rest of the market falls.
Let’s see why traders are rushing to these projects.
Sonik Coin Gains Insane Momentum During Bitcoin Downtrend
Sonik Coin ($SONIK) is one of the newest meme coins on the market, gaining significant traction after raising over $450,000 just a few days from going live.
The extraordinary hype behind this presale is even more apparent, considering that it raised this amount during a very volatile week for $BTC and $PEPE – showing the increasing confidence from $SONIK investors.
Sonik Coin is a fun meme coin on a mission to become the fastest one to grow from a $0 to $100 million market cap value.
The project is based on the moronic recreation of the best-selling SEGA gaming character – Sonic the Hedgehog.
Sonik has viral potential as it’s based on one of the gaming industry’s most beloved characters, allowing it to tap into a huge fan base.
Although Sonic loves collecting rings, his imbecilic counterpart – Sonik – loves collecting $SONIK coins to fuel his capitalistic ego.
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Show more +Sonik wants to use his deceptive speed to pump $SONIK and make it trend across the entire industry through an expertly crafted marketing campaign and its brilliant tokenomics.
In addition, the project has integrated a unique staking mechanism, one of the main reasons analysts believe this project has 10x potential.
The total circulating supply of $SONIK represents the speed of light, which is how fast Sonik can run. Therefore, there are just under 300 million $SONIK tokens in circulation.
Half of the total supply is being sold in the presale at a price of $0.000014.
The project is aiming to raise a very modest $2.1 million hard cap, meaning the market cap for $SONIK will have room for exceptional growth once launched.
In addition, the presale and launch prices are going to be the same to ensure a fair and transparent launch for everybody involved.
Of the remaining supply, 40% is locked in the staking contract to provide rewards for the next four years, and 10% is reserved to add liquidity to DEXs.
The feature that sets $SONIK apart from other meme coins is its groundbreaking staking mechanism, dubbed Stake-2-Speed.
This staking utility is what the team believes will help $SONIK surge to a $100 million market cap.
It allows $SONIK holders to earn extra tokens for staking their holdings for at least seven days. Furthermore, presale buyers can even stake their tokens before the token is launched- giving the staking a unique spin.
The APY returns are relatively high, providing up to 150% at the time of writing. Of course, this is expected to diminish as more users enter the staking pool;
Overall, Sonick Coin is primed for 10x potential in the coming weeks due to its unique character, huge fanbase to tap into, and its groundbreaking staking mechanism.
With almost 25% of the total supply snatched up in just a few days, the presale isn’t expected to last too long. Therefore, investors are encouraged to buy now or face higher prices once the token has launched.
Wall Street Memes FOMO Increases During Final Stage –
Wall Street Memes ($WSM) is another meme coin turning heads as the rest of the market collapses as the presale crosses the $25 million fundraising milestone.
The presale is now in its final stage, creating a buzz of FOMO within the market as whales and retail traders rush to get positioned due to its meme-based humor, colossal community, and interest received from Elon Musk.
Wall Street Memes is a meme project that aims to post memes on social media to make a mockery of the Wall Street capitalists.
The project regularly posts trading and finance-related memes, which have become incredibly popular, generating over 40 million monthly impressions.
The popularity of the memes even hit the radar of Elon Musk, who’s been seen commenting on their truthful nature a few times now;
🤣
— Elon Musk (@elonmusk) April 22, 2023
Elon Musk’s interest sparked speculation regarding his involvement with the project, and investors quickly rushed to get positioned as they believed further Tweets from the X CEO would help $WSM explode in popularity.
The project has a colossal cult-like community, with over 1.1 million followers on social media. As a result, experts believe tier-1 exchanges like Binance will rush to list $WSM as soon as it’s launched to take advantage of the massive trading volume generated.
Furthermore, many high-profile analysts are starting to speak highly of $WSM. For example, Michael Wrubel, a YouTuber with over 310,000 subscribers, is highly optimistic about its future prospects;
In addition, Joe Parys Crypto, an analyst with over 380,000 followers, believes $WSM will be primed for growth once listed on major exchanges;
Adding further fuel to the hype are whales, who are experienced FOMO and don’t want to miss out on the gains.
For example, a whale recently aped in with $850,000 to buy $WSM in one purchase this week;
In addition, traders are confident in the future prospects of the token as the entire circulating supply is reserved for the community.
Half of the two billion $WSM supply is being sold in the presale, with the other half being reserved for community rewards through staking and adding liquidity to DEX and CEX exchanges.
The team hasn’t allocated any tokens for themselves, demonstrating their long-term commitment to the project.
Overall, Wall Street Memes has set the foundation to become the next meme coin sensation on the market, capable of producing similar returns to $PEPE and $BITCOIN in the coming weeks.
However, with the presale in its final stages, traders will need to be quick to get positioned or face the pain of paying higher prices once the token trends across the industry.
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