The crypto bull run is back as market leader Bitcoin notches double-digit gains this week and bucks a downtrend.
Many altcoins have followed, providing even more gains than the market leader. With that, let’s explore the best trends to invest in.
GameFi
With projects like Notcoin and Hamster Kombat attracting tens of millions of users, GameFi is becoming an unstoppable force.
But NOT and HMSTR might not be the best projects to buy. Much of their value is already priced in.
Per CoinMarketCap data, there are 339 gaming tokens on the market, and there are likely hundreds more that the website does not track.
Many of these projects have low valuations and are working on disruptive, high-quality games.
For instance, PlayDoge is a new flavour that mixes the excitement of meme coins with the value-centric demeanor of Play-to-Earn.
It’s based on the iconic 1990s Tamagotchi game and rewards players with $PLAY tokens as they collect XP points.
The $PLAY token has multiple utilities, including making in-game purchases, accessing rewards, and staking.
PlayDoge is currently in its presale stage, so investors can buy at the lowest possible price.
Moving away from P2E, Mega Dice token is a promising GameFi project that could outperform the big players like NOT and HMSTR.
Let’s start by talking about Mega Dice’s main selling point: it’s an established revenue-generating business.
Mega Dice is a prominent crypto casino that processes over $50 million in monthly wagers.
The new token is a part of its gamification layer and holds a slew of utilities.
For instance, holders get daily rewards based on the casino’s success, limited edition NFTs, and exclusive rewards.
Mega Dice token is also undergoing a presale and has raised $1.6 million so far.
Meme Coins
If you had invested all your money in Pepe or Dogwifhat at the start of 2024, you would have likely outperformed 99% of other traders.
Like it or not – meme coins are on fire.
New projects are emerging daily and providing monumental gains.
Pepe-themed PeiPei has taken the market by storm recently, surging to a $146 million market cap, up 250% this month.
Then you have newly launched WienerAI – a meme coin AI crossbreed currently undergoing a presale.
The project has turned heads with its memetic facade. However, the team is harnessing the magic of meme coins to usher in a revolutionary AI-based product.
It’s building an AI trading bot where users can ask questions, get feedback on ideas, and seamlessly trade.
Think of it like a Swiss Army knife for trading.
Meanwhile, its memetic pull is attracting the masses.
The WienerAI presale has raised over $7 million but ends in 13 days.
Another early-stage project showing potential is Base Dawgz.
It is a Shiba Inu-themed, chain-hopping meme coin with staking utility.
$DAWGZ’s native chain is Base, but the project is going for mass adoption by launching on Ethereum, Solana, BSC, and Avalanche.
There’s also an ongoing refer-and-earn airdrop. Users can collect points by referring others to the presale. These points are redeemable for $DAWGZ tokens following the exchange launch.
The Base Dawgz presale is active and has raised a whopping $2.5 million so far.
Layer 2
A quiet revolution is happening on Ethereum – and it’s probably not what you think.
While all eyes are on the impending Ethereum ETFs, layer 2 blockchains are tackling Ethereum’s biggest woe: high transaction fees.
At peak bull in 2021, Ethereum fees were unaffordable to anyone outside the six-to-seven-figure net worth brackets. Fees would often cost far beyond $100 for a single transaction.
That’s why low-fee alternatives like Solana soared. The problem was that Solana had major centralization concerns.
But today, thanks to layer 2 blockchains, users can benefit from Ethereum’s security and decentralization while enjoying Solana-level speeds and fees.
These blockchains seamlessly connect to Ethereum while being cheaper and faster. It’s the best of both worlds.
And when it comes to investing in these outfits, only one project comes to mind: Pepe Unchained.
As its name suggests, Pepe Unchained is a layer 2 focused on meme coins.
With speeds 100x faster than Ethereum and fees magnitudes lower, the possibilities are endless.
Developers could build a meme coin-focused perpetual DEX, a meme coin lending protocol, a meme coin payments system, or anything else.
Better yet, Pepe Unchained is in its presale stage.
But don’t confuse that for thinking the project lacks substance.
It will rival other layer 2s with a block explorer, an Ethereum bridge, and huge staking rewards.
The Pepe Unchained presale is ongoing and has raised $4 million so far. The current price is $0.0084937, but that will rise later today.
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