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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
The Bitcoin halving is over now.
After months of anticipation, the mining rewards were cut in half, from 6.25 to 3.125 BTC per mined block.
However, this didn't bring the expected bull run to the market, in fact it had the opposite effect. Bitcoin saw a decline in price, dropping from $66,000 to $62,000 at one point.
While this drop caused some panic among the traders, the industry veterans know that this is actually quite normal, and attribute it to the so-called 'halving dump'.
Expert analysts expect this dump to cause a massive comeback after the period of uncertainty is over.
Let's dig a bit deeper into BTC and check out new meme coins that could go over the moon once the bulls get rolling again.
As we mentioned earlier, the highly anticipated Bitcoin halving event has now taken place.
Conventionally, this would signal the start of a bullish trend for the king of cryptocurrencies, as it moves into the final parabolic stage of its bull market cycle.
However, the recent price action seems to be going against this widely held expectation.
On April 25th, Bitcoin's price dipped below the $64,000 mark, triggering a wave of liquidations across the market and sending shockwaves through the crypto community.
This unexpected price drop is attributed to several factors, including escalating geopolitical tensions in the Middle East, the arrest of Samourai Wallet founders, and the post-halving volatility that often occurs.
The impact of this downturn has been widespread, with over $200 million in liquidations occurring in the past 24 hours alone.
Bitcoin and Ethereum, experienced substantial long position liquidations of $37.83 million and $34.17 million, respectively.
Altcoins, such as Solana, Dogecoin, Cardano, Shiba Inu, and Avalanche, have suffered even more significant declines than Bitcoin.
While this period of panic and sell-off may be unsettling for investors, it's important to remember that such volatility is not uncommon in the cryptocurrency market.
Once this phase of uncertainty subsides, it is highly likely that we will see Bitcoin and other altcoins stage a major comeback, potentially reigniting the bull run that many had anticipated following the halving event.
If you're on the lookout for the best meme coin to stock up on for the next bull run, Dogeverse might be your best option.
This multichain meme coin is making waves as the world's first of its kind, offering a unique value proposition that sets it apart from traditional single-chain tokens.
Currently deployed across multiple major blockchains, including Ethereum, BNB Chain, Polygon, Base, Avalanche, and Solana, the coin allows users to seamlessly operate within these various ecosystems.
Dogeverse also adds a fun and engaging element to the project through its theme centered around the lovable "Cosmo the Doge" character. This playful narrative has resonated with the crypto community, contributing to the project's early success.
Speaking of early success, Dogeverse's presale has been nothing short of remarkable. Within the first week, the presale raised an impressive $4 million, and it has since surpassed the $12 million mark, demonstrating the significant demand and investor confidence in the project's potential.
Another factor that makes Dogeverse one of the cryptocurrencies to watch right now is its strategic tokenomics and ambitious roadmap.
The token design incentivizes holding through staking rewards, aiming to create a sustainable model that enhances its value proposition over time.
Additionally, the team behind Dogeverse has plans to expand the project's reach to additional blockchains and continue developing its ecosystem, positioning it for potential growth in the coming years.
While the multichain meme coin concept is still relatively new, Dogeverse's unique approach and early traction suggest that it could be a project worth exploring for those interested in diversifying their crypto portfolio.
If you've been keeping an eye on the meme scene lately, you've likely heard about Slothana ($SLOTH), a new Solana-based meme crypto that's been generating buzz with its innovative presale model.
Unlike traditional presales, where investors typically have to go through multiple pricing stages and wait extended periods, Slothana has streamlined the process.
Investors can simply send SOL tokens directly to the project's designated wallet address and receive $SLOTH tokens via airdrop.
This straightforward approach has resonated well with the community, as evidenced by the strong investor interest Slothana has already garnered, raising over $550,000 within just a few hours of its launch, and over $15 million in total.
One of the key factors contributing to Slothana's appeal is the Solana blockchain itself. With its low transaction fees and high throughput capabilities, Solana has become an increasingly popular platform for meme tokens, and many believe that Slothana could capitalize on this trend and potentially explode in popularity throughout 2024.
At the heart of Slothana's narrative is an office sloth character that has grown tired of the 9-to-5 grind – a relatable and humorous premise that has struck a chord with the memecoin community.
Interestingly, there are also rumors circulating about a potential connection between Slothana and the founders of $SMOG, a similar Solana meme token that offered massive returns to its early investors. While these rumors remain unconfirmed, they have undoubtedly added to the hype surrounding Slothana., which is going live today on April 29.
Another meme coin that's got some serious potential to fly over the moon in the upcoming bull run.
Despite being a relatively new player, WienerAI has already managed to attract substantial interest, raising over $200,000 in early investments within hours of launching its presale.
What sets WienerAI apart is its unique combination of AI and meme coin fundamentals, branding itself as the "first Wiener/Dog/Artificial Intelligence ever created."
This quirky concept, coupled with its community-oriented tokenomics and strategic roadmap, positions the dog-inspired token as a potential leader in the bustling meme coin market.
One of the key factors contributing to WienerAI's early success is its well-timed launch. With the overall market sentiment remaining bullish, investors have continued to show a strong appetite for meme coins with perceived 100x potential.
To incentivize early adoption, WienerAI is offering its tokens at a discounted rate during the presale phase, giving investors the opportunity to secure their holdings before the token hits exchanges, where many anticipate it could experience significant price growth.
Beyond the potential for market gains, WienerAI also offers a standard staking mechanic, allowing early movers to earn lucrative rewards by holding and staking their tokens. This feature not only incentivizes long-term holding but also contributes to the token's overall value proposition.
The recent geopolitical tensions and the anticipated "halving dump" effect contributed to the risk-averse sentiment, prompting investors to exit positions in cryptocurrencies.
However, market experts anticipate that once the panic subsides, Bitcoin and other currencies will likely resume their bullish trajectory.
When this happens, projects like Dogeverse, WienerAI, and Slothana will capitalise on the renewed momentum.
Which makes their current presales the best time to get in on these moon potential projects.
