As cryptocurrency markets rally into the end of July, traders are looking ahead to August and mulling which might be the best crypto to buy now, including high-potential crypto presales.
Bitcoin (BTC) challenged $70,000 on Monday, before dipping back to around $68,000.
US Presidential candidate Donald Trump’s pro-Bitcoin/crypto remarks on Saturday have ignited bullish appetite.
fmr president trump spoke for 49 minutes on saturday at bitcoin 2024 in nashville, a truly historic speech
here’s a condensed 12min version w/ his most important statements on bitcoin & crypto — click the times below to jump around
0:00 hello bitcoiners
0:23 bitcoin legends… pic.twitter.com/90hBX1icUy— Alex Thorn (@intangiblecoins) July 29, 2024
Trump is favorite to win the upcoming US election, per crypto betting market Polymarket.
The potential for a major pro-crypto switch in US policy comes against a bullish macro backdrop.
The Fed is expected to begin cutting interest rates in September as US inflation continues softening.
But the US economy appears to be holding up well, as seen in recent GDP figures.
That could help create a “goldi-locks” situation of falling interest rates but continued economic expansion that pumps risk assets.
Cryptocurrencies could be some of the biggest beneficiaries of this.
Bitcoin might vault to new record highs in August. And other major cryptos could do even better.
But crypto investors looking to add beta to their portfolios should consider an alternative high risk/high reward strategy – investing in high potential crypto presales.
Here are 4 high-potential crypto presales that analysts at Cryptonews will be watching in August.
Pepe Unchained (PEPU)
A new Pepe-themed token is making waves in the meme coin market.
But unlike the vast majority of newly launched Pepe copycat tokens, this coin comes dripping in utility and has a plan to revolutionize the meme coin space.
Pepe Unchained (PEPU) is a new Ethereum layer-2 blockchain that aims to become crypto’s number one meme coin trading blockchain.
Pepe Unchained’s token presale launched a few weeks ago, raising over $6 million so far.
Chain after chain is broken!
Pepe has raised $6M! The revolution continues! pic.twitter.com/555bPCkWdE
— Pepe Unchained (@pepe_unchained) July 28, 2024
Investors should note that the token price will increase once the presale reaches $6.49 million.
PEPU is also a passive income gem. The project’s website shows the current staking yield is around 309%.
At the current token price of $0.0081939, PEPU is valued at $64 million, with the potential for higher valuation if it succeeds as a meme coin Ethereum layer-2 blockchain.
To purchase PEPU, users can connect their MetaMask wallet on the official website, accepting ETH, BNB, and USDT.
Meme Games (MGMES)
A fun Olympic-themed GameFi token called Meme Games (MGMES) could be set for a strong August.
Early investors have already piled $300,000 into the presale.
As Olympic fever rises as the games heat up, more investors are expected to pile into MGMES.
See the below video to see why Cryptonews.com’s in-house analyst Chester thinks MGMES has 10x potential.
Wiener AI (WAI)
The meme coin market is over-saturated with utility-lacking Shiba Inu-themed coins.
That explains why exciting new meme coin Wiener AI’s presale has been able to attract such strong demand.
The sausage dog-themed coin offers a suite of AI-powered trading tools and has already raised over $8 million in its presale.
Investors don’t have long left to get in early on this project. Wiener AI’s presale is set to end in under two days.
WienerAI is making final calibrations!
The presale ends in just 2 days. This is your last chance
pic.twitter.com/ieHkhv4Bsk
— WienerAI (@WienerDogAI) July 29, 2024
There is every possibility that the WAI price proceeds to explode to the upside in August.
Play Doge (PLAY)
PlayDoge (PLAY) is a new Shiba Inu meme coin-themed spin on the classic Tamagotchi 90s game.
PlayDoge players will feed, train and play with their very own Doges. These digital dog companions will live on the blockchain as NFTs.
PlayDoge is currently available in presale, and investors have already poured in close to $6 million.
Stack $PLAY and live life on easy mode
Join the #Presale
https://t.co/JT0VEofqf2 pic.twitter.com/QVL6JOvjvd
— PlayDoge (@PlayDogeGame) July 29, 2024
Players will be able to navigate through a whirlwind of retro 2D games, earning PLAY as they go.
Indeed, PLAY will be at the heart of the PlayDoge game, which is scheduled for release soon.
Potential investors need to move quickly if they want to get into PLAY at bargain prices.
That’s because when the presale hits $5.9 million, the price will jump.
See why Cryptonews.com’s Chester thinks Play Doge could be the next big GameFi project.
The post 4 High-Potential Crypto Presales to Watch in August appeared first on Cryptonews.