This year has been exciting in the cryptocurrency market. After Bitcoin hit a new high of over $73,000 in March, its price dropped below $50,000 at the start of this month due to massive sell-offs in the market.
One thing is certain: these cryptocurrencies are quite stable and can rise in value quickly. At the time of writing, the price of Bitcoin has returned to $60,893, reflecting a 4.52% increase over the past week.
Although Bitcoin and Ethereum remain among the most popular cryptocurrencies, many investors are turning their attention to meme coins. In particular, they are looking for projects in the presale phase to take advantage of lower prices and potential extra gains.
In 2023, the meme coin space was largely characterized by high volatility, speculation, and hype. As a result, many emerging coins struggled to gain traction over time.
This year, the meme coin market has matured since last year. Although it remains volatile and risky, more and more investors are looking for sustainable cryptocurrency projects that go beyond the usual hype.
Among the newest cryptocurrencies to invest in that meet these criteria are Pepe Unchained and Base Dawgz. In this article, we will explore what these new presale projects are and why they have caught the attention of crypto investors.
Pepe Unchained: A Record $10 Million in Presales
Pepe Unchained ($PEPU) aims to “break the chain that holds Pepe and set him free.” Built on a Layer 2 blockchain, this new project seeks to provide Pepe (the meme character) with his own dedicated network.
Many coins inspired by the same meme character, such as $PEPE and $PEPECOIN, are based on Ethereum Layer 1. The network has proven inefficient due to high gas fees and frequent congestion.
Meme coins featuring Pepe, built on Layer 1, have been criticized for their high acquisition costs. Pepe Unchained aims to be a better version of Pepe by addressing these issues.
The developers of the new project aim to address these issues with a Layer 2 solution built on top of the existing Layer 1. This new technology will enhance transaction speed, increase security, and reduce fees.
Furthermore, Pepe Unchained will establish a connection between ETH and Pepe Chain. This will enhance trading capacity and be 100 times faster than Ethereum.
The new technology will not only improve the efficiency of acquiring Pepe but also has the potential to create a new ecosystem. This ecosystem could host a wide range of tokens with various applications and diverse meme coins.
The above innovation could place $PEPU among the top cryptocurrencies to invest in due to the utility it will provide. But that’s not all!
Pepe Unchained will offer significant rewards for investors who stake their $PEPU tokens. At the time of writing, over 799 million $PEPU tokens have already been staked, and investors who purchase tokens now can earn an APY of 198%.
The $PEPU token is currently priced at $0.0092364, and the project has reached a new milestone of $10 million raised in the presale.
Base Dawgz is approaching $3 million in presale
Base Dawgz ($DAWGZ) is another cryptocurrency investment project gaining traction due to the utility it will provide.
The popularity of this new project surpasses the usual hype surrounding meme coins. Currently, the project is approaching $3 million in presale, with the $DAWGZ token priced at $0.008173.
So, what makes this meme coin stand out on the list of cryptocurrencies to invest in?
Firstly, the DAWGZ coin will be built on Coinbase’s Base network. This is a highly efficient Layer 2 solution. This network is designed to address issues related to Ethereum by providing faster transactions and lower gas fees.
Base Dawgz aims to become the next leading meme coin on the Base blockchain and beyond, a goal that could be feasible. Unlike other tokens confined to a single blockchain, the developers plan to integrate the coin across multiple networks.
With its unique “Wormhole and Portal Bridge” technology, the coin will be tradeable on other networks such as Ethereum, Solana, and Avalanche.
However, similar to Pepe Unchained, the popularity of this future cryptocurrency goes beyond just the utility it aims to bring to the market.
The developers of Base Dawgz demonstrate a strong commitment to early investors by allocating 1.69 billion $DAWGZ tokens to staking (20% of the total 8.4 billion), offering an APY of 805.5%.
Currently, investors have already staked over 209 million $DAWGZ tokens.
The meme coin market is evolving, moving from hype-driven projects to ones like Pepe Unchained and Base Dawgz. These projects are gaining traction due to their utility and unique features that address current blockchain issues.
