Brett and Bonk Prices Decline as Top Meme Coins Face Challenges Traders Shift Focus to New ICOs

Following a period of intense trading activity where meme coins seemed invincible, some of the top tokens in the sector have experienced a decline in recent days. The primary meme coin $BRETT has fallen by 22% in the last week, while the leading Solana meme coin $BONK has seen a drop of 16%.

Despite this downturn in meme coins, traders can still find numerous opportunities in the crypto market, particularly with new ICO tokens. In this article, we will explore the reasons behind the meme coin slump and introduce 4 new ICOs that have the potential to generate significant profits for traders.

Meme Coins Lose Steam as Bitcoin Falters and Interest Rates Stay High

The explosive growth of meme coins abruptly halted in response to a broader shift in sentiment within the crypto space. While Bitcoin neared the crucial $70,000 mark last week, it failed to break through resistance and is currently priced at $65,000. This has raised concerns among traders as a strong Bitcoin price is vital for maintaining momentum in the altcoin market.

Additionally, the US Federal Reserve’s announcement last week that there would only be one interest rate cut in 2024, instead of the initially planned four cuts, has signaled high inflation rates will persist. This indication of higher rates could deter new capital from entering the crypto market, thereby preventing price increases.

This combination of factors has made meme coin traders apprehensive, leading many to sell off their holdings and secure profits. Consequently, meme token prices across the board, including major coins like $DOGE, $SHIB, and $FLOKI, have declined this week.

It is probable that prices will continue to stagnate in the near future, as $BRETT and $BONK have yet to reach support levels. For $BRETT, support is anticipated around $0.12, representing a further 15% drop from the current price. $BONK’s next support level is at 0.000021, indicating a further 9% decline.

While consolidation may strengthen these tokens in the long run, traders are now seeking alternative opportunities, many of which can be found in the ICO market. Let’s delve into 4 promising ICO tokens that have attracted significant interest from traders this week.

PlayDoge

PlayDoge has emerged as one of the most exciting new meme coin ICOs on traders’ radars. The PlayDoge presale has raised over $4.6 million in a short period, suggesting that the $PLAY token has the potential for substantial growth post-launch.

PlayDoge is developing a play-to-earn crypto game where players can earn $PLAY tokens by taking care of a virtual doge pet and embarking on adventures with them. Players can utilize their $PLAY tokens for in-game upgrades to earn more rewards. The game is inspired by the popular 1990s Tamagotchi, which sold over 82 million devices, and will be available on iOS and Android platforms.

During the PlayDoge presale, traders can purchase $PLAY at a 4% discount compared to the expected listing price and stake tokens for 162% APY.

WienerAI

WienerAI is another highly sought-after ICO attracting substantial investment from meme coin traders. This project has raised nearly $6 million through the sale of its $WAI token and is on track to sell out ahead of schedule.

WienerAI features a sausage-shaped dachshund as its mascot and is developing an AI-powered crypto trading bot designed to help traders capitalize on profitable market opportunities. The bot, which is beginner-friendly and includes a fee-free token swap, is expected to be free for $WAI holders, driving demand for the token during the presale.

Traders can purchase $WAI with $ETH, $USDT, or $BNB during the WienerAI presale, with staked $WAI earning up to 193% APY.

Sealana

Sealana is positioned as the next explosive Solana meme coin according to many traders and crypto analysts. The project has successfully concluded a presale that raised over $4 million, and its $SEAL token is set to launch on exchanges in just 8 days.

Sealana capitalizes on the hype surrounding Solana meme coin trading, featuring an overweight seal mascot fishing for meme coins in the ‘Solana Sea’. The team has effectively built a community around $SEAL with South Park-inspired memes, generating excitement for the token’s potential growth.

Traders can still participate in the Sealana presale, purchasing $SEAL at a fixed price of $0.022 using $SOL, $ETH, $USDT, or $BNB.

Base Dawgz

Base Dawgz is a promising meme and utility coin built on Coinbase’s Ethereum Layer-2, Base. With Base emerging as a rapidly growing blockchain for meme coin trading, the $DAWGZ token could witness a surge in trading activity post-launch.

Excitingly, Base Dawgz is not solely reliant on Base for its future growth. The token will simultaneously launch on Solana, Ethereum, Binance Smart Chain, and Avalanche, allowing it to benefit from the growth of any of these networks.

Moreover, Base Dawgz has engaged traders by transforming them into brand ambassadors during the presale. Traders who share content from the Base Dawgz X group can earn points convertible into $DAWGZ at the end of the presale.

The $DAWGZ presale has raised over $1.6 million in just over 2 weeks, with the next price increase scheduled soon, urging traders to act swiftly to secure the best price.