Meme coin prices have slumped today, with Bonk and Pepe falling 12% and 8%, respectively.
However, two new meme coins by the names of Pepe Unchained and Base Dawgz have continued pushing ahead during the downturn, signaling that these could be top performers in the market’s recovery.
Leading Meme Coins Tumble on Crypto Pullback
The crypto bull market seemed to be in full swing until another selloff hit today.
Bonk and Pepe were two of the worst affected with 12% and 8% retracements.
That’s a significant underperformance against the market average, with the total crypto market cap down 1.6% and the meme coin sector tanking 3.2%.
Currently, Bonk is trading at $0.00002252.
Despite today’s deep selloff, it remains at a 21% premium this week, having fared as one of the strongest meme coin performers.
As such, some analysts see the recent selloff as a solid entry point.
For instance, StefanB says that he has longed Bonk at its current price, underscoring that it is currently at a key support/resistance area.
Pepe has followed a similar path this week. While it is at a significant discount today, it remains at a 9% premium against its price one week ago.
Like Bonk, the sentiment remains bullish for Pepe.
With Ethereum ETFs set to launch shortly, many are bracing for significant inflows into Pepe as ETH holders rotate their profits.
From a technical standpoint, trader best_analysts anticipates a some 20% increase in the coming weeks.
While the future outlook is bright, it’s been a challenging 24 hours for Bonk and Pepe.
However, traders are seemingly sheltering from the bearish momentum in new presale meme coins, with some continuing to race ahead.
What Meme Coins Offer the Most Potential On the Market Dip?
While Bonk and Pepe are expected to regain momentum, some projects have not slowed down amid the market turmoil, which is considerably bullish for their upcoming potential.
Let’s take a closer look.
Pepe Unchained
Pepe Unchained is first. The project reimagines Pepe, the most viral meme coin of this market cycle.
Pepe Unchained is unlike any other meme coin. It’s building the first meme coin-focused Ethereum layer 2 blockchain.
That’s an ambitious goal, but the community is in full support, with the project’s presale raising over $3.3 million so far.
Pepe Unchained promises speeds 100x faster than the Ethereum main net and will also be a lot cheaper.
Furthermore, it offers features like staking, a block explorer, and a bridge to Ethereum.
The staking feature is already live and currently provides a 569% APY.
However, with a fixed allocation of tokens for staking rewards, this will decrease as more tokens are staked.
Meanwhile, the Pepe Unchained presale price will climb throughout the campaign.
All of this means that those seeking the most upside potential should act quickly.
Base Dawgz
It could be the era of utility-focused meme coins because Base Dawgz has also emerged as a prominent player this month.
This Shiba Inu-themed token calls the Base network its home, but it harnesses multichain technology, so you can also find it on Ethereum, Solana, BSC, and Avalanche.
Like Pepe Unchained, Base Dawgz has a staking mechanism, and 20% of the project’s total token supply is allocated to rewards. Currently, the staking APY is above 1,900%.
But arguably, the most celebrated feature is Base Dawgz’s refer-and-earn layer.
It emphasizes the community values of meme coins.
Users can generate commissions by referring others to the presale. This means that alongside boosting the community size and, therefore token value, they will also be directly compensated for their efforts.
Currently, the Base Dawgz presale price is $0.0061, but this will rise in three days.
