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Is The Crypto Market Bull Run Over Before It Began? New Altcoins Poised For Massive Returns
Crypto market bull runs usually take off after Bitcoin halving events, and the same was supposed to happen this year. BTC reached new all-time highs of over $74,000 a few weeks before the halving event. The gains were fueled by ETF approvals, and everyone expected that the situation would only ramp up following the halving event on April 19. Despite the recent drop, the market has shown resilience, reassuring traders and investors of its potential.
However, instead of record gains, BTC dropped below $59,000 in the past couple of weeks, forcing traders into a bearish sentiment and sending ripples throughout the market. Yet, this dip has opened up new opportunities for those willing to explore. Emerging crypto platforms such as Dogeverse, Weiner AI, 99 Bitcoins, 5th Scape, Sponge V2, and other available presales are now attracting attention. This shift in focus could potentially lead to significant returns, offering a glimmer of hope in an otherwise uncertain market. So, let's see what's going on and determine if the bull market ended before it started.
Is The Bull Run Over Already?
The current state of the crypto market is a witness to its incredible volatility. Despite the halving event and all-time highs leading up to it, BTC has slipped below $59,000 and keeps losing ground by the day. The situation has many investors confused, as the token is now over 20% lower than its ATH of $74,000 three weeks ago. But what happened, and why didn't the halving event lead to a rally?
Well, the situation is more complex than meets the eye. Firstly, the Federal Open Market Committee (FOMC) decided to keep the current interest rates at around 5.25-5.50% while reducing the Treasuries balance sheet from $60 billion per month to $25 billion per month. Since the rate cuts didn't happen, overall economic growth has slowed down, resulting in an uptick in inflation in Q1 of 2024. Moreover, the interest rates will likely stay at the same level throughout the year, resulting in a change of sentiment among crypto investors.
If the current sentiment stays the same, BTC prices could drop to $52,000 if the key support level of $57,300 is breached. The leading crypto traders and analysts have changed their predictions to a bearish sentiment, sending ripples through the entire crypto market. Therefore, while the crypto bull run is probably not done yet, investors are waiting for a better macroeconomic situation before they start putting their money into digital assets once again. However, a few emerging platforms show clear growth despite the bearish sentiment, so let's look at a few options that can still help you multiply your investments in 2024 and beyond.
1. Dogeverse - New Multi-Chain Meme Coin Raised $13 Million in Record Time
Dogeverse is the newest meme coin sensation that gained massive backing from thousands of investors in record time. It's a flagship meme coin built on the Ethereum blockchain, with further deployments on five other blockchains, including Polygon, Solana, Base, Binance, and Avalanche.
Its unique multi-chain design allows users to transfer their $DOGEVERSE tokens to any supported blockchain, a feat never before seen in the meme coin market. The official $DOGEVERSE token presale raised over $13 million in the first few weeks and is nearing its $17 million hard cap. So, visit the official Dogeverse website and grab your tokens at a discount to enjoy the highest returns once the project goes live in the next few months.
2. Sealana - New Solana Meme Coin Bound to Explode in The Upcoming Period
Sealana is the newest Solana-based meme coin, grabbing the attention of the crypto community. Its main character is a lazy seal inspired by the "Gamer Guy" from South Park, and its goal is to make millions while eating potato chips in front of his computer. The project entered presale a few days ago, raising a cool $150,000 within the first 24 hours.
Investors can get exactly 6,900 $SEAL tokens for 1 SOL, a more than fair entry point for early investors. $SEAL tokens are setting themselves up to become the next big Solana meme, like Book of Meme, Dogwifhat, and others, so take your chance to invest early to get the highest returns.
3. Wiener AI - Another High-Gain Potential Meme In Early Presale Stages
Wiener AI is an AI-powered meme coin project that combines the power of artificial intelligence with the virality of meme coin culture, producing a flexible, high-growth potential investment option. It's built on the Ethereum blockchain, so $WAI tokens are compatible with all Ethereum-based wallets.
The official $WEI token presale raised nearly $1 million in the first few days, and if you buy and stake the tokens during the event, you will automatically get 1.000% in APY before the project goes live.
4. 99 Bitcoins - Learn-To-Earn Crypto Platform Rewarding Users for Becoming Better At Trading Digital Assets
99 Bitcoins is a well-established crypto project allowing a 2-million-strong crypto community to develop their trading skills while learning about blockchain technologies. The project has since decided to enter the markets with its own crypto, $99BTC, allowing token holders to profit through the Learn-to-Earn reward system.
Holding on to $99BTC tokens can help you earn a profit while improving your trading skills. The project is now in presale, and it raised $1 million in the first few weeks. Visit the official 99 Bitcoins website and join one of the most vibrant crypto communities on the internet today!
5. Sponge V2 - New Version of One of the Highest Gaining Memes of 2023
Sponge V2 is a new version of the $SPONGE token, one of the highest-gaining meme coins in 2023. Unlike its predecessor, V2 offers higher token utilization, as it's built around a P2E game that allows users to earn profits while playing a racing game.
The project has surfaced as one of the best meme coin presales in the past few months. However, the only way to get your hands on V2 tokens is to buy and stake the original $SPONGE. If you do so right now, you will get 163% in rewards before the official launch, which is expected to push V2 tokens to x100 gains or higher.
6. Mina Protocol - Lightweight Blockchain With Unique Design
Mina Protocol uses the zero-knowledge proof for data ownership, making it the market's lightest blockchain. It is only 22 kilobytes in size and has become a popular fast-trade option for millions of investors worldwide. The project currently has a market surpassing $850 million and will only get more exposure as blockchain technology adoption increases in the future.
Wrapping Up
Crypto markets turned around following the halving event, despite everyone thinking that a bull run was to follow. The overall sentiment is now bearish, but a few cryptos, including Dogeverse, Sealana, Wiener AI, 99 Bitcoins, and Sponge V2, are still gaining traction, showing resilience in a retracting market. So, if you're looking to get the most out of your next crypto investments, visit the official sites and invest in these emerging tokens today.
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