Markets

The 8 Best Cryptocurrencies to Buy as Crypto Markets Retreat

Published

7 months ago

19 June, 2024

The 8 Best Cryptocurrencies to Buy as Crypto Markets Retreat

The cryptocurrency market is currently experiencing some of its worst conditions in 2024. Bitcoin (BTC)’s poor performance continues as it drops below the $65,000 mark, meaning up to $7,900 in losses since this negative trend began on June 9th. Major meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) are all struggling as they experience consistently bad days.

However, the great thing about the cryptocurrency market is that even during times of conflict there are opportunities for those who are brave enough to seek them. The presale market is the perfect place for investors to look for value as they don’t have to worry about bad conditions as their investments are ring-fenced until listings begin. They can then decide once launched whether they wish to sell or not.

With most pre-sales, if they invest early enough they will already have a profit. However, we believe that the 8 cryptocurrencies we have chosen for this article will not be coins that any investor will want to part with. The bearish conditions will likely not last long and when they stop, these coins will be ready to pump.

PlayDoge ($PLAY)
Sealana ($SEAL)
WienerAI ($WAI)
Basic Dawgz ($DAWGZ)
Mega Dice Token ($DICE)
99Bitcoin Token ($99BTC)
eTukTuk ($TUK)
Madness Betting ($IBET)

Now, let’s take each project on its merits and explain why we think every investor should add it to their portfolio.

>>>Find the best presale tokens here<<

PlayDoge: the alternative to Doge that 90s kids will love

While the meme coin market may be on a slightly downward trajectory at the moment, it has still been an incredible year for the industry with growth like never before seen. Something interesting that is happening is that investors seem to be turning more towards new meme coins than established ones. The pre-sale of PlayDoge ($PLAY) would certainly indicate this.

It raised over $4.7 million in the three weeks following its launch, and at the same time, some major meme coins like Dogecoin (DOGE) lost value. Investors prefer these new age meme coins which have more features than the older coins. PlayDoge, for example, is a P2E game with a 90s theme that will spark a lot of nostalgia in investors.

For those who don’t know, Tamagotchi was a portable game that was very successful in the 90s. PlayDoge is affected by this as you will have to take care of your puppy via an app on your phone just like kids did in the 90s. You will have to feed your puppy when he is hungry, entertain him when he is bored and give him medicine when he is sick. Players can also earn $PLAY by ranking on the global leaderboard.

>>>Buy PlayDoge now<<

Sealana- Less than a week left to get this meme coin at its pre-sale price

Of all the coins we review in this list, Sealana ($SEAL) is the most urgent as its pre-sale ends in less than a week. It has raised over $5 million so far and we think it could be the new gem in Solana’s meme coin crown, so getting it at the low pre-sale price is key.

Sealana is a seal who still lives at home in her mother’s basement but hopes to get rich by trading cryptocurrencies. However, what we really like is that there is actually a joke behind the meme. Sealana is actually inspired by a unique character that appears in a South Park episode called “Make Love Not Warcraft”.

In this episode, the main characters are playing the video game World of Warcraft together, but are shocked when a rival player keeps killing their game characters. They complain to the creators that they can’t believe someone could have such a small life to be so good at the game. Given that Sealana is a seal version of herself, this is a hilarious nod to the negative image that sometimes follows cryptocurrency investors.

>>>Buy Sealana now<<

WienerAI: The AI/meme coin combination with an original twist

The WienerAI ($WAI) presale has been one of the best on this list, especially in the last few weeks. It just reached $6 million raised and a price increase is coming in a couple of days. The pace of fundraising picked up significantly as word spread about how this project combines utility and virality in an original way.

WienerAI will follow the time-tested path of combining their meme coin project with artificial intelligence. The interesting thing is that AI will help in terms of usefulness and virality. The utility will come from the integrated AI trading capabilities which in today’s market are invaluable. Artificial intelligence is also an important feature in WienerAI’s origin story.

That story takes place in the New Silicon Valley that exists in the future. Here we meet a mad scientist who calls himself The Architect. As all good mad scientists do, he is planning an elaborate experiment; to combine the two prevalent entities of his time, artificial intelligence and puppies. At the crucial moment, however, he puts a sausage in the mix and WienerAI is left there. A unique and creative story that investors will love.

>>>Buy WienerAI now<<

Dawgz Base: Get your slice of the action by simply posting on social media

We can’t lie, a big factor that attracted us to the Base Dawgz ($DAWGZ) presale was how interesting the presale page was. Follow the link below and you can scroll through the site while a daredevil pup accompanies you after base jumping from the top of the page. Of course, there’s a lot more to attract investors, which is why the pre-sale has already raised over $1.7 million.

Base Dawgz is another new project that has followed the trend of being a multi-chain coin. This is a clear sign that the inventors know what they are doing as Solana’s rise to prominence should, so this market can always change. Its home is on the exciting new Base network, but will also be available on ETH, SOL, BSC and AVAX.

Perhaps the coolest part (after puppy base jumping) is the share to earn feature. If you purchase $DAWGZ tokens during the presale you will receive a link that you can copy. Simply post this on your social media and you will receive 5% of every referral using your link.

>>>Buy Dawgz Base Now<<

Mega Dice Token: Crypto Casino Takeover Is Starting

Crypto casinos are one of the fastest growing sectors of the cryptocurrency market thanks to the processing time advantages they have over traditional online casinos. Mega Dice Token ($DICE) is a special casino presale that brings with it an established base. The pre-sale has raised over $1.5 million so far.

While most crypto casinos have to go through the process of building a customer base, Mega Dice Token will bring with it 50,000 players and over 4,000 games from top providers. Investors will also be able to earn rewards based on the casino’s performance. Considering the base already established this is a no-brainer.

>>>Buy Mega Dice Tokens<<

99Bitcoins Token – Learning experts are getting into the token game

We are sure that many readers will already be familiar with 99Bitcoins Token ($99BTC), but for those who are not, 99Bitcoins is the premium learning resource available for anyone looking to deepen their knowledge of cryptocurrencies. They have over 750,000 YouTube subscribers and have sold over 2 million courses. Now they’re trying to play tokens.

They saw the success of the “play to earn” industry and combined it with their experience to create a “learn to earn” token. This is a real advantage for investors as they can earn cryptocurrencies and deepen their knowledge at the same time. The presale has raised over $2.2 million so far, making it, in our opinion, a very undervalued coin.

>>>Buy the 99Bitcoins token<< now

eTukTuk: play to earn cryptocurrencies while helping the environment

The eTukTuk ($TUK) pre-sale has raised over $3.5 million so far, but we really think this is a hidden treasure given the huge benefits it could have for the environment. The aim of the project is to replace high-emitting TukTuks in developing countries with electric vehicles that will offer drivers a 400% reduction in operating costs compared to using fossil fuel-powered TukTuks.

They have already made a deal with Sri Lanka to add over 200 charging stations and that is where the P2E game will take place. Investors will be able to earn cryptocurrencies by driving eTukTuk vehicles and navigating busy roads to successfully take passengers to their destinations.

>>>Buy eTukTuk now<<

Insanity Bets: The crypto casino that offers investors the chance to earn big

We mentioned above how we think the crypto casino industry will start to take over, and if it does, investors will wish they had already purchased Insanity Bets ($IBET). The main distinguishing feature of the casino is the way it allows investors to get a share of the revenue.

If you bet or burn your tokens you can receive 35% and 50% of the return from trading fees, ILP fees and game winner fees respectively. Then, for the more ambitious, there is the possibility of minting your own $ILP to receive 90% of all match wins and losses from player bets. A great way to earn a lot of cryptocurrencies.

Conclusion

To conclude, we want to highlight why investing in presale tokens is the right move when market conditions are bearish. First of all, you know that your investment is protected until prices begin. So, even more important is the fact that low prices allow for low risks with large upside possibilities. The perfect formula.

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Markets

Bitcoin, Ethereum See Red as Markets Crash on Volatility

Published

6 months ago

1 August, 2024

Financial Block Staff

Bitcoin, Ethereum See Red as Markets Crash on Volatility

Bitcoin AND Etherealalong with the rest of the top 10 cryptocurrencies by market cap, appear to be in hibernation on Thursday morning.

At the time of writing, the Bitcoin Price is still below $65,000 and 2.2% lower than it was this time yesterday, according to CoinGecko data. Things are worse for the Ethereum Pricewhich is 3.7% lower than 24 hours ago at $3,185.22. The drop in ETH’s price is identical to that of Lido Staked Ethereum (stETH), a liquid staking token for Ethereum.

In recent days, falling prices have led to the liquidation of derivative contracts worth $225 million, according to Coin glassAnd about half of that, about $100 million, was liquidated in the last 12 hours.

When a trader is liquidated, it means that their position in the market has been forcibly closed by an exchange or brokerage due to a margin call or insufficient collateral. Margin is especially important when it comes to leveraged positions, which allow traders to control a multiple of their deposit, such as opening a $10,000 position with only $1,000 in their account.

Now that Bitcoin has been in the red for three days in a row, there is a chance that the world’s oldest and largest cryptocurrency could sink even further, BRN analyst Valentin Fournier said in a note shared with Decrypt.

“Bitcoin has closed in the red for three days in a row, with one-way trading showing limited resistance from bulls. Ethereum had a slightly positive Monday with strong resistance from bears who have won the last two days,” he wrote. “This momentum could take BTC to the $62,500 resistance or even the $58,000 territories.”

Looking ahead, Fournier said BRN’s strategy will be to “reduce exposure to Bitcoin and Ethereum and find a better entry point after the dip.”

This is despite Federal Reserve Chairman Jerome Powell’s comments yesterday on interest rates being widely regarded as accommodating and indicative of FOMC rate cuts in September.

Singapore-based cryptocurrency trading firm QCP Capital said the rally in stocks, which sent the S&P 500 up 1.6% from Wednesday’s close, was not felt in cryptocurrency markets.

“Cryptocurrencies have seen a broad sell-off overnight and into this morning,” the firm wrote in a trading note. “The market remains poised as traders pay close attention to daily ETH ETF outflows and further supply pressure from Mt Gox and the US government.”

Meanwhile, the other top-ranking coins are showing mixed performance.

Solana (SOL) is down 7.2% since yesterday to $169.13. Things are even worse for its most popular meme coins. In the past 24 hours, the most popular meme coins Dogwifhat (WIF) are down 12% and BONK (BONK) is down 9%, according to CoinGecko data.

Their dog-themed competitor, Ethereum OG Dogecoin (DOGE), the only meme coin in Coingecko’s top 10, is down nearly 4% since yesterday and is currently trading at $0.1205.

XRP (XRP) dropped to $0.608, which is 7% lower than it was at this time yesterday.

Binance’s BNB Coin (BNB) has kept pace with BTC and is currently trading at $571, down 2.4% from yesterday. Toncoin (TON), the native token of The Open Network, is down just 0.4% over the past day.

This leaves the stablecoins USDC (USDC) and Tether (USDT), both of which are stable as they maintain their 1:1 ratio with the US dollar.

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Markets

XRP Market Activity Drops During Ripple-SEC Talks: Price Steady

Published

6 months ago

1 August, 2024

Financial Block Staff

Ripple (XRP) Market Witnesses Calm During SEC-Ripple Meeting

The Securities and Exchange Commission (SEC) will hold another closed-door meeting with Ripple on Thursday, as the market hopes for a possible resolution to the legal battle between the two entities.

However, the cryptocurrency market remains relatively bearish, with the price and trading volume of XRP down in the last 24 hours.

Ripple holders take no risk

At press time, XRP is trading at $0.60. The altcoin’s price has dropped 6% over the past 24 hours. During that time, trading volume was $27 million, down 27%.

The SEC met before with the digital payment company on July 25. While the outcome of that meeting remains unknown, the Sunshine Act Notice for Thursday’s meeting includes one additional topic of discussion from the July 25 closed meeting: the instituting and resolving injunctive relief. That has market participants speculating whether a settlement is imminent.

In an exclusive interview with BeinCrypto, Ryan Lee, Lead Analyst at Bitget Research, noted that:

“This meeting will discuss possible resolution options for the Ripple Lawsuit. The founder of Ripple Labs said that a legal settlement could be announced soon. If an official settlement plan is released, it could positively impact XRP’s price movement.”

However, an assessment of XRP’s price movements on a 4-hour chart shows a spike in bearish bias as the market awaits the outcome of this crucial meeting. Its Moving Average Convergence/Divergence (MACD) indicator readings show that its MACD line (blue) has crossed below its signal line (orange).

XRP 4 Hours Analysis. Source: Trading View

Traders use this indicator to gauge price trends, momentum, and potential buying and selling opportunities in the market. When an asset’s MACD is set this way, it is a bearish signal that suggests selling activity is outweighing buying momentum.

Additionally, the altcoin relative strength index (RSI), at 46.08, is currently below its neutral 50 line and in a downtrend. This indicator measures overbought and oversold market conditions for an asset.

To know more: How to Buy XRP and Everything You Need to Know

xrp rsi XRP 4 Hours Analysis. Source: Trading View

At 43.83 at the time of writing, XRP’s RSI suggests a growing preference among the market participants for tok in distribution.

XRP Price Prediction: Derivatives Traders Exit Market

The XRP derivatives market has also seen a decline in trading activity over the past 24 hours. According to Coinglass, derivatives trading volume has plummeted 18% and open interest has dropped 10% during that period.

Open interest refers to the total number of outstanding derivative contracts, such as options or futurethat have not yet been resolved. When it drops, traders close their positions without opening new ones. This is a bearish signal that reflects a lack of confidence in any potential positive price movement.

According to Lee, the outcome of the meeting with the SEC “would have a significant impact on the price movement of the token.” If the outcome is favorable, the price of the token could rise towards $0.75 in August.

To know more: Ripple (XRP) Price Prediction 2024/2025/2030

XRP Price Prediction XRP 4 Hours Analysis. Source: Trading View

On the other hand, if no favorable resolutions are reached, the price could plummet to $0.50.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto strives to provide accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our Terms and conditions, Privacy PolicyAND Disclaimers They have been updated.

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Markets

Bitcoin’s Dominance Hits Three-Year High, But Analysts Say Altcoins Are Ready to Rebound

Published

6 months ago

1 August, 2024

Financial Block Staff

Bitcoin's Dominance Hits Three-Year High, But Analysts Say Altcoins Are Ready to Rebound

Bitcoin is now the dominant force in the cryptocurrency market, surpassing 53% of the total cryptocurrency market, a stronger share than it has been in the past three years.

Bitcoin’s market cap now stands at $1.27 trillion, second according to CoinGecko data. In contrast, the total cryptocurrency market cap is $2.43 trillion, with Ethereum occupying 15.9% of the market, worth $389 billion.

Bitcoin’s rise to dominance this year is unusual, as altcoins typically do better than Bitcoin in a bull market. While meme coins made a strong comeback during Bitcoin’s rally to all-time highs earlier this year, the so-called “wealth effect” It has not been appreciated as much by mid-range coins, such as Ethereum and Cardano.

“ETF flows fundamentally alter market dynamics,” he wrote Meltem Demirors, former chief strategy officer at CoinShares, tweeted Wednesday: “BTC gains no longer translate to alts and the longer tail of crypto.”

Bitcoin’s takeover has continued even as the market cap of Tether (USDT) continues to grow, the world’s largest stablecoin and the third-largest cryptocurrency after BTC and ETH. Stablecoins are backed by fiat currencies and are excluded from some measures of Bitcoin dominance due to fundamentally different value models.

The surge continued to pace even after the launch of Ethereum spot ETFs last week, which ironically culminated in a news sell-off event, and net outflows from new investment products since they were launched. This went against the predictions of K33 Search so far, which predicted that ETFs would catalyze ETH’s growth over the next five months.

Despite the poorer performance of the alts, there is reason to believe that they are ready to bounce back very soon.

CryptoQuant CEO Ki Young Ju said Tuesday that whales are “preparing for the next altcoin rally,” as limit buy orders for assets other than BTC and ETH are on the rise.

The executive shared a chart showing how the “cumulative difference between purchase volume and sales volume” has increased in recent months.

“The indicator measures the difference between buy and sell orders over a year,” CryptoQuant told Decrypt. A buy/sell order is a pre-set request to buy or sell a cryptocurrency if it hits a certain price level, which creates resistance and support levels.

“If the trend is up, it means that more people are placing buy orders, showing strong interest in buying,” CryptoQuant said.

By Ryan-Ozawa.

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Markets

XRP and SOL Retrace as BTC Price Drops to 2-Week Lows (Market Watch)

Published

6 months ago

1 August, 2024

Financial Block Staff

Bitcoin Returns Toward $60K, XRP Defy Negative Sentiment (Market Watch)

After Monday’s crash, in which BTC fell by several thousand dollars, the scenario has repeated itself once again in the last 12 hours, with the asset falling to a 2-week low of $63,300.

Alt coins followed suit, with most of the market in the red today. SOL and XRP lead the way from the higher cap alts.

BTC Drops To $63.3K

After a violent Thursday last week, when BTC crashed to $63,400, the asset went on the offensive over the weekend and surged above $69,000 on Saturday, as the community prepared for Donald Trump’s appearance at the 2024 Bitcoin Conference in Nashville.

His speech was followed by more volatility before the cryptocurrency settled around $67,500 on Sunday. Monday started off rather optimistically for the bulls as bitcoin hit a 7-week high of $70,000.

However, he failed to maintain his run and conquer that level decisively. On the contrary, he was rejected bad and dropped to $66,400 by the end of Monday. Tuesday and Wednesday were less eventful as BTC remained still around $66,500.

The last 12 hours or so have brought another crash. Bears have pushed the leading digital asset down hard, which has fallen to a 2-week low of $63,300 (on Bitstamp), leaving over $200 million in liquidations.

Despite the current rebound to $64,500, BTC’s market cap has fallen to $1.270 trillion, but its dominance over alts is recovering and has reached 52.6%.

Bitcoin/Price/Chart 01.08.2024. Source: TradingView

The Alts are back in red

Ripple’s native token has been at the forefront of the market challenge in recent days as pumped up to a multi-month high of over $0.66. However, its run was also interrupted and XPR fell by more than 6% in the last day to $0.6.

The other big loser among the larger-cap alternatives is SOL, which has lost 8% of its value and is now struggling to get below $170.

The rest of this altcoin cohort is also in the red, with ETH, DOGE, BNB, AVAX, ADA, SHIB, and LINK all seeing drops between 2 and 5%.

The total cryptocurrency market cap lost another $70 billion overnight, falling below $2.4 trillion today on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (sponsored)
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Disclaimer: The information found on CryptoPotato is that of the authors cited. It does not represent CryptoPotato’s views on the advisability of buying, selling, or holding any investment. We recommend that you conduct your own research before making any investment decisions. Use the information provided at your own risk. See Disclaimer for more information.

Cryptocurrency Charts by TradingView.

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