Top 5 Meme Coins In August – PEPU, DAWGZ, and PLAY As The Best Investment Options In August 2024
So it looks like the so-called ‘Black Monday’ was not the end of the world after all, surprise surprise. If you spent a minute on the internet yesterday you would have thought the sky was falling after a disastrous day for the Japanese market spilled over into America. The crypto market took a big hit but today it has bounced back.
This will likely always be the pattern when the stock market takes a big hit. Initially, the crypto market will also suffer but then more investment will pour in when crypto is looked at as a more sustainable asset. Meme coins have been the stars of 2024 so far but they were not immune from the pinch on Monday.
However, there are some presale meme coins that look like they are heading for glory. The ticker keeps continuing to go up for each project no matter what conditions the rest of the market is experiencing. Here are 5 of them that look like the best investment options in August 2024:
- Pepe Unchained ($PEPU)
- Base Dawgz ($DAWGZ)
- PlayDoge ($PLAY)
- KAI ($KAI)
- DogDump ($DOGDUMP)
Let’s now take a look at each one and go through what stood out from each whitepaper.
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What you'll learn 👉
Pepe Unchained- The market is about to witness Pepe’s full potential
When chaos was reigning all around yesterday Pepe Unchained ($PEPU) continued to raise money for its presale. This just goes to show how much potential this token has.
The original Pepe coin (PEPe) coin was tanking at the same time which paints a pretty clear picture of what will happen once Pepe Unchained is launched. Its presale has now raised over $7.5 million.
The main selling point of the project is that it believes that Pepe is being held back by its layer 1 chain. That is why Pepe Unchained has been built on its own layer 2 chain.
For the project, this means that it has limitless possibilities on the horizon. A good example is the Base chain. It was released by coinbase and is now so big it is coming for Solana’s crown as the number one meme coin launcher.
For investors, Pepe Unchained having its own chain is great too. It’s built on top of the Ethereum network which means transactions will be faster and most importantly, gas fees will be cheaper which means more room for gains.
There is also a staking system that adds more utility to the project. The APY% still stands at an estimated 261% despite over 612 million $PEPU tokens being staked.
Base Dawgz- Investors have a chance to stockpile this token before it pumps
Base Dawgz ($DAWGZ) is one of the more exciting meme coins on the presale market at the moment. We don’t just think that because of the awesome presale site, although that does help. Just follow the link below this section and see for yourself.
You will be greeted by the base-jumping Shiba Inu-inspired pup who base jumps from the top of your screen and floats down as you explore what’s to offer.
The presale for Base Dawgz has so far raised over $2.8 million and it isn’t just the cool website that is drawing people in. Base Dawgz’s home is on the red hot Base chain.
As we already touched on it has become the new launchpad for every successful meme coin so it gives this coin a great chance. While its home is on Base, it is a multi-chain token so it will also get the benefits of ETH, SOL, BSC, and AVAX.
Perhaps the most attractive aspect for investors is the chance to earn crypto through the share-to-earn promotion. Investors just have to share memes and other content related to the presale on their social sites and they will earn points.
These points can then be redeemed for tokens when the coin launches. To earn even more, investors can refer friends and get a 5% referral bonus.
PlayDoge- The P2E game that could become more popular than Doge
PlayDoge ($PLAY) is another presale that didn’t seem to experience any negative effects from the crash on Monday and has now raised just shy of $6 million. Dogecoin (DOGE), which is part of the inspiration behind the new P2E project, has been struggling for quite some time now and Monday was just another poor day for the original meme coin.
Since the PlayDoge presale started Dogecoin has generally been losing value. Some of this is likely due to investors selling and buying PlayDige instead. Its utility makes it a better option for the future. Some of that utility comes from staking. The estimated annual rewards stand at 78% which is decent considering we are deep into the presale.
The standout utility, however, comes from the P2E game which will be a hit with 90s kids. That’s because it is inspired by the Tamagotchi game that took over many childhoods that decade. Just like in that game players will need to take care of their pet pup by entertaining it, giving it medicine, and of course giving it food and drink. Players can also earn crypto by placing on the global leaderboard.
KAI- The retired cat that is coming back to take on the pups
While the three tokens above are the best options due to their depth, there is still room for tokens that can be a success due to their virality. KAI ($KAI) is one of those tokens as it has found a perfect niche. There are clearly not enough cat tokens and KAI is built to take on the pup dominance that we see today.
KAI itself is a cat who has returned from crypto and just planned to fish and relax. However, it has seen how many pups have taken over and believes it’s time to throw the cat among the pigeons, or pups in this case. Huge staking rewards and a chance to win $10k if you purchase $KAI during presale just sweeten the pot.
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DogDump- Scarcity created when Dogecoin struggles
DogDump ($DOGDUMP) is a very interesting idea for a project as it becomes more valuable the more Dogecoin struggles. We discussed already how the original meme token is struggling so this coin could be perfect for investors to make gains in the long term.
It’s a deflationary meme coin and how it works is 0.2% of the supply will be burned every time Dogecoin closes in the red. We all know scarcity is a kingmaker in the crypto market so this coin will just get more valuable the poorer DOGE does. We have made our stance known on Dogecoin so we think this coin is a winner.
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Conclusion
So there you have it, despite some struggles early this week, things are looking up already. 2024 is the year of the meme coin so it’s unlikely the sector is going to see prolonged time in the red. These five coins, in particular the first three we reviewed, are all set up to provide huge gains this August.
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
