After just a few weeks of sizzling buying and selling when it appeared like meme cash had been unstoppable, among the main tokens within the area have suffered a downturn in latest days. Base meme coin $BRETT is down 22% up to now week, whereas main Solana meme coin $BONK has dropped 16%.

The excellent news for merchants is that there are nonetheless loads of alternatives within the crypto market, particularly round new ICO tokens. We’ll take a more in-depth take a look at the foundation reason behind the meme coin downturn and spotlight 4 new ICOs with the potential to ship extra features for merchants.

Meme Cash Cool as Bitcoin Stalls, Curiosity Charges Stay Excessive

The explosive momentum behind meme cash shifted immediately up to now week in response to a broader change within the temper round crypto.

Bitcoin approached the important thing $70,000 price stage final week, however failed to interrupt by resistance and now sits at $65,000. That has many merchants apprehensive, since a surging Bitcoin price is essential to sustaining momentum within the altcoin market.

On prime of that, the US Federal Reserve indicated final week that there can be only one rate of interest lower in 2024—versus the 4 cuts that the Fed initially deliberate. That’s a really bearish sign indicating that inflation is more likely to stay excessive, and better charges will maintain new cash from flowing into the crypto market to push up costs.

This one-two punch has meme coin merchants nervous, and lots of responded by promoting off token stashes and pocketing features. The outcome has been a broad drop in meme token costs—main meme cash like $DOGE, $SHIB, and $FLOKI are all down this week as properly. 

For the foreseeable future, it appears possible that costs will proceed to stagnate. $BRETT and $BONK haven’t but hit help ranges. For $BRETT, help could be discovered round $0.12, an additional 15% drop from immediately’s price. For $BONK, the following help is at 0.000021, an additional 9% decline.

Consolidation may in the end strengthen these tokens, particularly contemplating how rapidly they rocketed upwards up to now few months. Nevertheless, the present price motion has left merchants trying to find different alternatives—and lots of are discovering it within the ICO market.

Let’s take a more in-depth take a look at 4 sizzling ICO tokens that merchants are piling into this week.

PlayDoge

PlayDoge is among the most fun new meme coin ICOs on merchants’ radars. The PlayDoge presale has raised greater than $4.6 million in just some weeks, indicating that the $PLAY token has the potential to blow up 10x or extra after launch.

PlayDoge is constructing a play-to-earn crypto sport through which gamers can earn $PLAY tokens as a reward for caring for a digital doge pet. They will additionally earn $PLAY for taking their doge on adventures, then spend their $PLAY on in-game upgrades to earn much more.

The sport builds on the recognition of the Nineties hit Tamagotchi, which bought greater than 82 million gadgets. PlayDoge shall be accessible on iOS and Android gadgets, so it may attain a whole bunch of tens of millions of gamers.

Through the PlayDoge presale, merchants can purchase $PLAY at a 4% low cost to the anticipated record price and stake tokens for 162% APY.

Go to PlayDoge Presale

WienerAI

WienerAI is one other sizzling ICO attracting loads of funding from meme coin merchants. This mission has raised practically $6 million in gross sales of its $WAI token, and it’s on monitor to promote out forward of schedule.

WienerAI includes a sausage-shaped dachshund as its mascot, however there’s rather more to this mission than only a cute canine. The WienerAI staff is constructing an AI-powered crypto buying and selling bot designed to assist merchants make the most of essentially the most worthwhile setups out there.

The WienerAI bot shall be beginner-friendly and consists of its personal fee-free token swap, making it straightforward for merchants to make use of it. The bot is predicted to be free to make use of for $WAI holders, creating loads of demand for the token through the presale.

Through the WienerAI presale, merchants can purchase $WAI with $ETH, $USDT, or $BNB. Staked $WAI earns up to 193% APY.

Go to WienerAI Presale

Sealana

Sealana is the following explosive Solana meme coin in line with many merchants and crypto analysts. The mission is wrapping up a massively profitable presale that raised greater than $4 million, and its $SEAL token is ready to hit exchanges in simply 8 days. There’s not a lot time remaining for merchants who need to purchase $SEAL earlier than it skyrockets.

This token builds on the hype round Solana meme coin buying and selling and pokes enjoyable at meme coin merchants with its mascot—an chubby seal who’s too busy fishing for meme cash within the ‘Solana Sea’ to wash himself up. 

The Sealana staff has completed an excellent job of constructing a neighborhood round $SEAL with South Park-inspired memes on X. The token was created to construct hype and ship an enormous pump, and it appears able to ship on that promise. 

There’s nonetheless a bit of little bit of time remaining earlier than the Sealana presale closes. Merchants can purchase $SEAL at a set price of $0.022 utilizing $SOL, $ETH, $USDT, or $BNB.

Go to Sealana Presale

Base Dawgz

Base Dawgz is an thrilling new meme and utility coin constructed on Coinbase’s Ethereum Layer-2, Base. Base has been one of many fastest-growing blockchains, particularly for meme coin buying and selling, so the $DAWGZ token may see a surge of buying and selling exercise after it launches.

What’s much more thrilling is that Base Dawgz hasn’t staked its future solely on Base. The token is concurrently launching on Solana, Ethereum, Binance Sensible Chain, and Avalanche, so it may possibly profit from development in any of those networks. 

As well as, Base Dawgz is constructing hype round its presale by turning merchants into model ambassadors. Merchants who reshare content material from the Base Dawgz X group can earn factors that they will convert into $DAWGZ on the finish of the presale.

That’s helped Base Dawgz change into one of the vital explosive ICOs of the 12 months. The $DAWGZ presale has raised greater than $1.6 million in simply over 2 weeks. The following price enhance is lower than a day away, so merchants must hurry to lock in one of the best price.

Go to Base Dawgz Presale