The Fear & Greed Index shows that the crypto market is indecisive (or cooling off after the pre-holiday rush). $BTC is at $94k, $ETH is at $3.3k and $XRP is at $2.14. Most tokens have been in the red this week, but that doesn’t mean there is no hope for an upward reversal.
Experienced traders know that you should always buy when the price drops. They also know to buy early, as evidenced by the rush for pre-sales like Solaxy ($SOLX), Flockerz ($FLOCK), and Meme Index ($MEMEX).
Let’s explain the situation in the cryptocurrency market today – and which early-stage altcoin projects could secure your future.
Crypto Price Update: $BGB and $PENGU Rise, $XRP Troubles
$BTC fell 6% after failing to break the $101,000 resistance zone yesterday. The monthly high of $108,000 seems out of reach in the near term, but things could change when Trump takes office.
The performance of $ETH was not dissimilar to that of $BTC. Turbulent is the right word. $XRP has had it the worst – despite the growing number of XRP wallets, the token was only able to briefly break above the $2.28 zone this week.
Bitget Token ($BGB) is the undisputed top gainer with a recent price increase to around $7.68 and a market cap of around $10.75 billion. Other weekly leaders include FTX Token ($FTT), Virtuals Protocol ($VIRTUAL), Zcash ($ZEC) and Pudgy Penguins ($PENGU). The latter is now the fifth largest meme coin by market capitalization, ahead of $WIF and $FLOKI.
On the other hand, $FARTCOIN lost 13.22% of its value – which is not surprising for meme coins that are based solely on speculation.
Among categories, we saw an increase in interest in exchange-based tokens (+6.6% market cap change) and AI tokens (+17%). Cat-themed tokens like $POPCAT and $MOG are losing ground to the dog pack like $WIF and $FLOKI.
The early riser recognizes the worm
It’s not easy to jump on the bandwagon that left in 2009. $BTC may still have long-term potential, but it is unlikely to rise as much as new meme coins – at least not in the short term.
That’s why brave investors resort to pre-sale cryptocurrencies. Lower entry points and higher staking rewards allow you to increase potential returns.
$SOLX is one such project. Within two weeks of launching, it raised $6 million and gained over 30,000 X followers. The reason? Solaxy is the world’s first Solana Layer 2 solution for meme coins. It promises no more traffic jams, high fees and failed transactions.
While $FLOCK may not boast the rapid fundraising speed of $SOLX, its community-centric governance model gives it the potential for sustainable growth. The revolutionary Vote-to-Earn system allows you to earn tokens by voting on project development proposals.
In 26 days, $FLOCK will be listed on DEXs at a higher price, so now is the last chance to secure your share of tokens at $0.00653.
$MEMEX continues the trend of meme coins with real utility. The biggest hurdle for every investor is deciding on a project. Meme Index helps diversify your portfolio and spread risk.
This is achieved through 4 meme coin indices that cover different risk appetites: Titan is the least volatile and features top coins such as $DOGE and $SHIB; Moonshot and MidCap include mid-tier tokens; and Frenzy offers the highest return potential through new projects.
Pre-sales had just begun and have already raised $577,000. One $MEMEX now costs $0.0146285, but the price will rise soon.
Stay grounded in this volatile market
There is a suspicion that the current market situation is just a temporary correction and not the end of the bull market. And it could actually be a good time to expand your portfolio at discounted prices.
Remember to do your own research and diversify your investments. No project can guarantee a return, so only invest what you can potentially lose.