Following a brief Christmas rally that nearly sent Bitcoin (BTC) above the $100,000 mark again, the crypto market is facing a downturn. Bitcoin has dropped 6.54% over the past seven days, including a 3.09% decline in the past 24 hours.
Altcoins are also taking a hit, with the top 15 coins entering a red trend and the broader market cap dipping to $3.31 trillion from yesterday’s $3.45 trillion. However, some tokens, such as Bitget Token (BGB), which is up 66.11% over the week, defy the pullback, and investors are now on the hunt for tokens that could replicate or exceed its success.
Among established coins, Magic Eden (ME) is showing bullish potential as it rallies despite the downturn. Investors are also showing their trust in the success of several tokens still in their presale stages that are gaining momentum, including Wall Street Pepe (WEPE), Solaxy (SOLX), Flockerz (FLOCK), and Best Token (BEST).
Wall Street Pepe (WEPE)
Wall Street Pepe aims to empower smaller traders by launching an exclusive crypto signals channel packed with trading strategies, curated investment picks, and more.
To secure their spot in the channel, all investors have to do is purchase and hold WEPE, which currently sells for $0.0003657 each. Interested parties can purchase WEPE using ETH, BNB, USDT, or a credit or debit card via Best Wallet or the presale’s website.
With over $36.4 million raised just 23 days since its inception, WEPE is shaping up to become one of the biggest meme coin presales ever, and it has caught the attention of Matthew Perry, a crypto analyst.
Matthew Perry urges his 234,000+ YouTube subscribers to enter the presale while the per-token price is low. He expects Wall Street Pepe to explode on launch and calls it one of the “next best things” in the market.
Solaxy (SOLX)
After Pepe Unchained (PEPU), which developed a Layer 2 network that bridges to Ethereum, recorded gains of over 600% in the first 48 hours after its launch, Solaxy is attracting increasing attention.
Solaxy intends to launch a Layer 2 blockchain that will help offload the burden from Solana’s Layer 1, which often faces congestion and failed transaction issues. Like PEPU, it is featured in Best Wallet’s “Upcoming Tokens” section and has already raised over $5.6 million.
Investors can purchase SOLX for $0.00158 each, but that price is scheduled to increase tomorrow, which is why the team of crypto influencers behind the Nass Crypto YouTube channel encourages their audience to enter the presale in its early stages.
Calling Solaxy the “best meme token of 2024,” they see a 1000x potential in the coin and highlight there’s no room for security concerns as an audit by Coinsult confirms there are no underlying issues in its smart contract.
Flockerz (FLOCK)
Flockerz seeks to enter the meme coin market with a bang, thanks to its unique vote-to-earn DAO, FlockTopia. The project is still in its presale phase and is currently just $79,000 shy of surpassing its next funding goal of $8 million.
To become a part of “The Flock,” investors can purchase FLOCK, which also grants its holders governance rights within FlockTopia.
Investors can buy the token on the ground floor during the presale, which is scheduled to end in 27 days. FLOCK currently costs $0.00653 each, but that price will change as the presale meets its funding goals.
Meme coin expert ClayBro believes that if Flockerz keeps its momentum post-launch, the token’s price can double every few days, making its presale an excellent opportunity to start accumulating it. Plus, he points out its massive 347% staking APY and advises his audience to maximize their investments by locking their tokens.
Best Token (BEST)
Best Wallet is rapidly growing and has already released features like Best DEX, which allows its users to buy, swap, and sell tokens across 60+ blockchains, and Upcoming Tokens, which highlights vetted presales with explosive potential.
The Web3 crypto wallet is now preparing to release its native token, Best Token, which is seeing early success with over $5.7 million raised already.
The token will have a central role in Best Wallet’s ecosystem, enabling transactions with lower fees, granting its holders early access to presales, unlocking special bonuses in various online casinos, and more. Based on its utility and exposure to Best Wallet’s 100,000+ users, crypto expert Levi believes it’s set to explode in early 2025.
Investors can currently purchase BEST for $0.02335 each, and Levi believes this will be its lowest price ever as he praises Best Token’s marketing efforts and advanced features, expecting the token to grow alongside Best Wallet’s broader ecosystem.
Magic Eden (ME)
Magic Eden, one of the largest NFT and Runes platforms, originally started as a Solana-based NFT platform and grew to support multiple chains, including Ethereum, Polygon, and others.
On December 10th, Magic Eden released its native token, ME, designed to provide various benefits to the platform’s users, from governance rights to enhanced staking rewards.
Although the token launched at $13.24, it immediately plummeted as holders took profits from their airdrops. ME currently trades at $3.95, following a 36.1% jump over the week.
Comparing its chart to Pudgy Penguins (PENGU), an NFT project that also had a massive airdrop campaign and went up by 674.35% this week, NFT expert BWeys is bullish on ME, while Tryrex predicts a strong upward momentum for the token.
According to data from DappRadar, Magic Eden’s marketplace has seen over 6.16 million traders since its inception, and the token’s exposure to its massive user base could help it explode.
