Top Meme Coins to Buy in August During Market Dips for Potential Gains
The cryptocurrency market has seen a rocky start to August, with Bitcoin, Ethereum, and meme coins experiencing significant downturns.
However, this dip presents an opportune moment to explore the top seven meme coins to consider buying this month.
As the overall crypto market is down nearly 15.80% and the Fear and Greed Index is hovering at a neutral 34, it’s a perfect time to look for buying opportunities in the meme coin space.
Pepe (PEPE)
Pepe is currently experiencing an 18.19% increase on the day, demonstrating resilience as other meme coins struggle amidst a broader market downturn.
While the token has seen a 31% drop over the week and a 13% decline over the past month, these retracements align with historical patterns of short-term corrections followed by potential upward surges.
Pepe’s ability to attract significant attention, trading volume, and investment capital has solidified its position as a notable asset within the meme coin landscape, making it a compelling addition to diversified crypto portfolios despite current market volatility.
Pepe Unchained (PEPU)
Pepe Unchained is a presale gem currently in its presale phase. In just 1 day and 8 hours, they will have their next price hike, and the presale has already raised $7.4 million.
Pepe Unchained, now a Layer 2 blockchain with its own network, offers investors the chance to buy and stake during the presale to maximize rewards before the price skyrockets.
They provide impressive rewards, with an annual percentage yield (APY) of 263%, promising substantial gains.
Pepe Unchained delivers better speeds and gains while maintaining the same beloved Pepe flavor, featuring instant bridging between Ethereum and the Pepe chain, low transaction fees, high volume capacity, and a dedicated block explorer.
With transactions 100 times faster than Ethereum, Pepe Unchained has performed exceptionally well during the bull market, particularly with over $7 million raised in the presale alone.
It is anticipated that when it goes live, it will experience significant growth. For those who are already fans of Pepe, this could be an excellent opportunity to get involved early. To take part in the $PEPU token presale, visit pepeunchained.com.
Dogwifhat (WIF)
Dogwifhat, a dog-themed meme coin, has experienced significant price volatility. While the token has declined by 39% over the past week, it has rebounded with a 22.17% increase today.
Currently trading at $1.42, it represents a 70.44% decrease from its potential peak of $5. Despite this downturn, Dogwifhat maintains its position as a top 50 meme coin with a market capitalization of $1.4 billion.
The project’s potential for substantial returns is evident, as exemplified by a trader who transformed a $5,000 investment into $24 million. Although such extraordinary gains are rare, early investment in meme coins like Dogwifhat can offer investors opportunities for significant profits.
PlayDoge (PLAY)
PlayDoge is another dog-themed token currently in its presale phase. This project combines the Doge meme with a Play-to-Earn element, integrating a Tamagotchi-style virtual pet aspect, making the token an exciting prospect.
PlayDoge is a mobile Play-to-Earn game that brings the iconic Doge meme to life as a Tamagotchi-style virtual pet. By securing $PLAY tokens during the presale, players can earn crypto while enjoying a nostalgic 2D adventure game.
In just one day, the price is set to increase, and the presale has already raised nearly $6 million. The user interface is designed to be engaging, similar to a Tamagotchi, allowing players to interact with and feed their virtual pet.
The more players engage with the game, the more they earn, adding to its appeal. PlayDoge combines various innovative features, offering a solid roadmap and robust tokenomics, with the added benefit of staking opportunities. Visit playdoge.io to participate in the $PLAY token presale.
Shiba Inu (SHIB)
Staying within the realm of dog-themed tokens, Shiba Inu stands out as a prominent player in the meme coin space, ranking as the second most popular.
While experiencing a 16% decline over the past week, Shiba Inu has demonstrated resilience with a remarkable 23.79% daily surge.
Despite a 16% monthly downturn, the token presents an intriguing buying opportunity due to its potential for rapid price appreciation.
Shiba Inu has proven its staying power as a seasoned meme coin. In the current market characterized by volatility, a buy-and-hold strategy for Shiba Inu can be considered.
The project’s recent anniversary coincides with its expanding presence in the NFT, cryptocurrency, and DeFi sectors, highlighting its ongoing growth trajectory. Given its established market position and continued development, holding Shiba Inu could be a strategic decision for investors.
Shiba Shootout (SHIBASHOOT)
Shiba Shootout is a Shiba Inu-inspired token with a Western theme, currently in its presale phase. It has raised over $889k, and in a week, there will be a price hike, making it a good time to buy and load up.
Shiba Shootout combines Play-to-Earn (P2E) gaming with a Wild West twist, featuring the legendary doge icon in epic gun battles in the town of Shiba Gulch.
🚀 Meet the Sharpshooters! Our crypto pros and #meme masters ride with Marshal Shiba, hitting bullseyes with every hilarious meme! 😂#Shibashoot #Shibashootout #memecoins #Crypto pic.twitter.com/Q6VqLQvagp
— shibashootout (@shibashootout) August 4, 2024
In this unique mobile crypto gaming experience, Marshal Shiba and the Shiba Sharpshooters are the stars. The game highlights the trend of dog-themed meme coins, particularly those with Play-to-Earn and staking features.
Projects like these, especially while still in presale, offer a chance to buy in before they pump or get listed. With no price variability at this stage, investors can buy, hold, and potentially profit when the token is officially listed.
This strategy is solid for those interested in this type of investment. To take part in the $SHIBASHOOT token presale, visit shibashootout.com.
The Meme Games (MGMES)
The Meme Games, akin to the Olympics, is a crypto version of the sporting event featuring meme tokens like Turbo, Brett, Pepe, Doge, and others.
The project has raised over $340,000, and in one day, there will be a price hike. Investors can purchase tokens using ETH, BNB, USDT, and cards.
In The Meme Games, athletes include Pepe, Doge, Brett, Turbo, and WIF. To participate, investors buy some of The Meme Games tokens, select the meme athlete they want to compete with, and watch to see if their chosen athlete wins.
If the selected athlete wins a meme game event, investors earn a 25% bonus on their tokens. Participants can play as many times as they like, increasing their chances of winning.
This is a solid project for those interested in the meme coin space. To participate in the $MGMES token presale, visit memegamestoken.com.
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