As we predicted, the crypto market took little or no time to recover from the mini-crash sparked by the South Korean president declaring martial Law. While most coins have already recovered, Ripple ($XRP) is down over 4% in the last 24 hours. On the face of it, this does not seem so bad but it is the biggest loser over that period in the top 15 coins on CoinMarketCap.
Crypto Investors Selling XRP High Moving Profits To New ICOs
XRP is one of the biggest losers in the top 15 coins today and this slide may continue as investors look to take some of their profits to these exciting ICOs.
Experts are predicting that some overheated conditions along with some profit-taking, could cause an even steeper short-term correction on the price of XRP. We are going to focus on the profit-taking as we believe investors are going to turn to some very exciting ICOs. A trend that is very clear to see over the last few months is even if conditions are not the most bullish, money is still flowing into presales.
We have found 7 projects we think those who have made some profit from XRP will turn to. You will see we are focusing mainly on meme coins. That is because the meme coin supercycle is going to continue all the way up to Trump’s inauguration. Here are the coins:
Wall Street Pepe ($WEPE)
Crypto All-Stars ($STARS)
CatSlap ($SLAP)
Flockerz ($FLOCK)
Pepe Unchained ($PEPU)
Sponge V2 ($SPONGEV2)
POKE ($POKE)
We will now take you through each project and explain why we think investors will be attracted to each one.
Wall Street Pepe- The project that helps everyday investors beat the whales
The whole point of the crypto market is that it is supposed to put power back into the individual's hands. Decentralized currency is a middle finger to big banking companies as it helps level the playing field as everyone is equal. Unfortunately, even in crypto, money talks so there is always someone more equal than you. Wall Street Pepe ($WEPE) wants to help the little guy fight back.
The idea of the project is to help normal investors fight back against the big whales. They want to turn the game on its head by giving you the tools you need to get ahead. The presale for this new meme coin is still in its early stages but has managed to raise $680k. So, what are these tools the project provides?
Well, simply by holding $WEPE you will unlock Wepe’s exclusive market insights, signals, and calls to help you get ahead. You’ll also be added to the exclusive Wall Street Pepe insider group where traders discuss strategies, and stay updated on the project's latest plays, you can even get rewards for sharing your best trades!
Crypto All-Stars- Investors have FOMO as whales are buying up last of $STARS
The Crypto All-Stars ($STARS) presale has just 2 weeks left to run and has been raising money at a phenomenal rate since the end date was announced. The figure now has surpassed $8.4 million but we expect this to go much higher before listings begin. The sense of FOMO that has been created is no surprise when you look at the project.
This could be revolutionary for meme coins and for how we stake tokens. Crypto All-Stars is the very first token that facilitates multi-chain and multi-token staking. The reason the project is doing this is to try to unite meme coins under one umbrella. The creators believe they are onto something special as they have called this the crypto event of the century.
Everything is centered around the Meme Vault, this is where investors can bring other top meme coins and stake them for rewards. So if you hold $DOGE, $SHIB, or one of many other meme coins, you can stake them for rewards. Make sure you hold plenty of $STARS tokens, though, as if you do you can earn up to 3x the rewards.
CatSlap- The cat coin that is currently outperforming its rivals
We are cheating with this coin a little as it is not an ICO but it has just recently launched so we think it counts. CatSlap ($SLAP) has really taken the market by storm too. After originally pumped after its launch it went through a few down days before setting another few days of all-time highs. It is now up over 170% in the last week.
However, we do not think it has hit its peak because of the exciting announcement they are teasing on the site that is coming in just a few days. We are hoping this is centered around the game that is already available for players on the site.
This is a slapping game that divides investors into countries. Every time you throw a slap with your ferocious feline your country gets a point added to their country's total. $SLAP tokens are burned as the Slap count increases every day which will only help the price going forward. We think the big announcement could be making this game P2E which would almost surely cause another pump in price.
Flockerz- The token that lets its investors decide what direction to go in
A bit of an old-school meets new-school meme coin currently going through presale and it's called Flockerz ($FLOCK). This is a token that is built for the modern-day meme coin market but also makes sure to give a nod to the past. By this we mean it manages to combine old-school meme virality with new-school utility.
The utility is pretty straightforward and it will be music to meme coin investors ears. That is because this is a vote-to-earn project. Through the coins, revolutionary DOA investors will get a voice and get to help decide what direction the project will go in the future. They also get rewarded for doing so which we expect will make this project very popular.
The old-school virality comes from the flock of birds that you will see throughout the presale site. These aren’t the smartest bunch and hilariously represent degen investors. The Orion story fits into the vote-to-earn concept as they once had a ruler called King Birb. He, however, realized real power came from his degen flock and decided to become one of them. The presale has now raised over $4.5 million.
Pepe Unchained- The record-breaking presale has now broken $73 million!
We are running out of superlatives at this stage to describe Pepe Unchained ($PEPU). We doubt there are many people left who haven’t heard of this presale but just in case we are including it on our list. This new Pepe meme coin has destroyed every previous record and has now raised over $73 million. Investors clearly believe this switch Pepe has made to layer 2 is going to be a huge success.
The main reason the presale has garnered so much attention is that it could be the next big launchpad that other new projects build on. The Pepe Frens With Benefits development grant shows this is what the project is aiming for. We have seen the success $SOL has had this year which has been driven by the coins launching on the Solana chain. Pepe Unchained looks like it is going to do something similar.
Sponge V2- The exciting meme coin that includes a Spongebob P2E game
We reckon any Spongebob-themed token is going to grab a lot of investor attention but especially one with a very fun-looking P2E game. Sponge V2 will include a racing game that includes the cartoon characters which we think will be very fun. This coin will also be aided by the success of the original token from this project; Sponge Token ($SPONGE). The project is using stake-to-bridge to link them.
The main feature of stake-to-bridge is Sponge V2 will not launch until Sponge Token sells out. So, investors interested in the new token will first have to buy and stake Sponge Token. Don’t worry it's worth your time as the same amount of new tokens are also bought and stored away for you. When the total allocation of $SPONGE is sold out version 2 launches and you get your new tokens and staking rewards.
POKE- Get immersed in your journey to become a billionaire with this new P2E game
POKE ($POKE) is a very fun meme coin/P2E crossover that can be taken as a homage to Pokemon. The main meme and your playable character is a crossover of Pepe and popular Pokemon Squirtle. You will go on many adventures in the game and collect friends except with POKE you want to become a billionaire.
Conclusion
That brings us to the end of our list of potential ICOS that XRP investors will be turning to with their profits. As you can see there is a huge amount of potential to be found in the presale market. The low prices of these tokens mean investors should struggle to pass on them as they represent great low-risk/high-reward investments.
Disclaimer: The above is a contributor post, the views expressed are those of the contributor and do not represent the stand and views of Outlook Editorial.
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