Tech

3 Best Meme Coins to Invest in as Bitcoin Corrects Amid a Bearish Wave

With the end of October, or ‘Uptober,’ as many in the crypto world like to refer to the historically highly profitable month, the crypto sector started seeing a sharp price drop. Most cryptocurrencies were affected by a sudden bear market, with even Bitcoin breaking the support at $72k and dropping back to $69,000.

Fortunately, this support did not only stop its drop, but the world’s largest crypto even started to recover, reaching $70.1k as of the time of writing. Even so, this shows that the crypto industry finds itself in a highly volatile position right now, and also that the next big rally has not yet started.

With the prices of major cryptos going up and down by a rather noticeable amount, many traders and investors find themselves hesitating to engage with digital assets, wishing to avoid losses. Fortunately, there are high-potential cryptocurrencies immune to the increased volatility thanks to the fact that they are still in presale, and their value is not affected by market trends until they go live.

Pepe Unchained (PEPU)

The first on the list is Pepe Unchained — a new, superior version of Pepe. The project considers itself better than the original due to the fact that it is the first Pepe meme coin to have its own blockchain. While the original runs on the Ethereum network, and as a result, has slow speeds and expensive fees, Pepe Unchained created its own Layer-2 blockchain.

As a result, it is faster, much cheaper, capable of scaling, and it is working on developing an entire ecosystem of its own, featuring a native DEX, block explorer, bridge, developer grants, and more. In other words, PEPU is in every way technologically superior to PEPE and other Pepe-inspired meme coins.

This is why many believe that it has the potential to replace Pepe, and since the original is currently the third-largest meme coin by market cap, that would be quite an achievement. But, thanks to the hype and optimism surrounding the project, its ICO became one of the biggest in meme coin history, raising over $23.9 million as of the time of writing. Meanwhile, the token sells for only $0.01199, and you can buy it with ETH, USDT, BNB, or credit/debit cards.

GET YOUR HANDS ON PEPU BEFORE IT GOES BIG

Flockerz (FLOCK)

Flockerz is one of the newest meme coins, but also one of the most popular new ICOs thanks to its new model called Vote-To-Earn (V2E). Inspired by Play-To-Earn (P2E) and similar models, this one intends to encourage community members to participate in the governance process through monetary incentives.

Simply put, the project’s goal is to ensure that token holders will continue to join important votes and ensure high levels of decentralization for the project. Many other projects started off decentralized, only for their communities to eventually lose interest, and leave the entire project in the hands of a small number of users, which makes the projects centralized and the whole voting system loses its meaning.

By rewarding voters with FLOCK tokens, Flockerz found a simple but effective way to stop this from happening to it. It also offers high staking rewards for those who lock up their tokens, ensuring that the community will stick around, keep their tokens, and earn as much as possible in the meantime.

Its ICO raised over $1.2 million since launch, and the token, FLOCK, sells for only $0.0059098 as of November 1.

JOIN THE FLOCK ICO AND START EARNING REWARDS THROUGH VOTING

FreeDum Fighters (DUM)

Finally, investors should also consider investing in FreeDum Fighters, which is the new project in the PolitiFi sector. PolitiFi blew up in the past few months, and particularly in the last several weeks, as the US election started approaching. Right now, there are only days left before the next president is selected, which brings a lot of excitement to projects such as this one.

FreeDum Fighters attracted the community to its ICO thanks to its two staking pools, one for each of the candidates, or rather, one for each of their satirical counterparts — MAGATRON and KAMACOP. These are mechanized versions of Donald Trump and Kamala Harris, locked in a battle against one another, as stakers pick one of their pools and lock up their coins as they vote to support one or the other.

The twist comes from the fact that the project made KAMACOP’s rewards bigger if MAGATRON is in the lead. With MAGATRON holding 70% of supporters, its staking rewards sit at 296% APY. Meanwhile, staking with KAMACOP ensures access to 896% of the current APY, making it much more profitable. The project also encourages weekly debates where users who have strong arguments stand to win secret airdrops.

All of this, and more, attracted many to its ICO, including the fact that the project plans to introduce similar political conflicts after the US election is over, thus ensuring long-term value. So far, its ICO raised over $384k and is currently approaching the $400k milestone. Meanwhile, the token’s price sits at $0.00006 per token, but don’t wait too long to join, as the election will be over in a couple of days.

BUY DUM NOW AND CHOOSE YOUR CHAMPION

While Bitcoin is traditionally one of the most rewarding assets to buy, it can only bring safe gains in the long term, meaning that you sometimes have to wait for years to get strong gains. Meanwhile, investing in cryptos still in presale, especially just before a major bull run, provides much better odds of seeing strong gains sooner.

Of course, there is no guarantee that any of these projects will indeed blow up post-launch, but the community interest and strong demand, technology, and utilities they possess strongly suggest that they could be worthwhile investments. In the end, each investor has to make up their own mind and decide what to do.

About the author

eNews Nigeria

eNews Nigeria is your go-to source for the latest news, celebrity gossip, and trending stories. Our team works tirelessly to deliver reliable and engaging content that keeps our audience informed and entertained.