The total crypto market had to settle for a significant drop of 6.05% yesterday. At the same time, volatility within the market remains very high. The crypto market is clearly in a dip, but these 3 cryptos have the potential to rise during this dip.
The trading volume of the entire crypto market is fluctuating considerably, which indicates that volatility is currently very high. Yesterday the trading volume fell and today the volume is again 2% lower over the past 24 hours. The current trading volume of the entire market is around $430 billion.
Why is crypto falling?
Bitcoin (BTC) had to settle for a decline of 1.3% over the past 7 days while Ethereum (ETH) rose by 2%. The major leaders of the crypto market are clearly in a slump, both down more than 10% over the past month.
Outflow Bitcoin ETFs
An important reason for this dip is the outflow of capital from the Bitcoin ETFs. April 24 was the first time since the BlackRock IBIT Bitcoin ETF was founded that more capital went out than came in.
Uncertainty American Economy
In addition, the uncertainty of the American economy also causes concerns. US President Joe Biden recently proposed introducing a 44.6% tax on capital, a proposal that will also apply to crypto investments above $400,000.
In addition, many investors are also speculating about the upcoming FOMC meetings and statements about possible rate cuts. It still remains unclear what the Federal Reserve will do in the coming months.
Crypto with potential to rise during crypto dip
Despite the current crypto dip, there are several cryptocurrencies that are capable of rising. They are mainly presales that are immune to price fluctuations because they are not yet listed on exchanges.
These presales are currently able to build large communities and raise capital. This will ultimately ensure that these cryptos can rise significantly when they are listed on exchanges.
Below we discuss the best presale tokens of the moment.
Dogeverse (DOGEVERSE) – New multi-chain alternative to Dogecoin
Dogeverse offers a unique alternative to the largest meme coin in the world. This project is developing its native DOGEVERSE token for multiple blockchains so that it forms a multi-chain alternative to the popular DOGE. For this reason, the DOGEVERSE token will be developed for the Ethereum, Solana, BNB, Polygon, Base and Avalanche blockchains, among others.
Users will then be able to move their funds across these blockchains with ease. In addition, they can benefit from their favorite features of these different blockchains. The Dogever project has also indicated that they can benefit from better liquidity, allowing them to offer faster and cheaper transactions.
Doger tokens can also be staked in exchange for attractive rewards. There is currently an APY of 100%. Users who purchase their tokens during the presale will already be able to benefit from these attractive interest rates.
In total, 15% of the total token supply of 200 billion tokens will be available during the presale. This presale quickly became a great success and has already raised more than $11 million. Tokens currently cost $0.000302 but will continue to increase in price in less than 1 day.
Slothana (SLOTH) – New Solana meme coin with some potential
Solana meme coins have recently shown how successful they can be. Meme coins such as BONK and WIF managed to achieve a market cap of several billions within a short time. Slothana has now cleverly positioned itself to make optimal use of the success of its predecessors.
Slothana is also a Solana meme coin and introduced an airdrop system for its presale to make it even easier for investors to participate. All users have to do is transfer SOL tokens to Slothana’s wallet address. They will then receive SLOTH token in their wallet when the presale is completed.
The SLOTH presale quickly proved to be a great success, reaching its $10 million goal in a short time. This means that the presale will be completed soon and interested investors only have a few days left before the SLOTH token is listed on exchanges and potentially explodes in value.
1 SOL currently gives you 10,000 SLOTH tokens. That equates to approximately $0.0142 per SLOTH token based on the current Solana price.
Mega Dive (DICE) – Popular online casino releases its own crypto token
Mega Dice is a well-known online casino that has managed to build a large community due to its wide range of games and its own sportsbook. This online casino has now chosen to launch its own crypto in the hope of emulating the successes of its predecessors.
Mega Dice hopes to achieve the same successes as Rollbit and TG.Casino. For example, Rollbit managed to achieve a market cap close to $1 billion in a short time. Mega Dice has the opportunity to match this success due to its wide range of games and large community.
Users who use the DICE token during Mega Dice online casino games will be eligible for benefits such as cashback bonuses. Users who hold the token are also eligible for exclusive access to online webinars, trading signals and VIP community groups, among others.
The DICE token is currently in a presale that has already managed to raise over $540,000 despite only going live last week. Tokens now cost $0.069 for a limited time, but this price will increase further when the presale enters its next phase. Tokens can be purchased via SOL, ETH and USDT.
Disclaimer: This article contains insights from independent authors and is not part of the editorial content of BitcoinMagazine.nl. This is not investment advice, please do your own research.
