Is this the Second FTX Incident in the Crypto Market? Which Coins are Worth Buying at the Bottom?
The crypto world is going through tough times. The decline in Bitcoin mining difficulty, similar to the FTX crash, raises speculation about a potential turnaround signal.
CryptoQuant, a blockchain analytics platform, recently analyzed the current state of Bitcoin miners. In their recent report, analysts focused on the decline in mining difficulty, similar to the FTX crash, suggesting it could signal a bottom.
According to the data, Bitcoin mining difficulty dropped by 7.8% on June 5, 2024, reaching levels not seen since the Bitcoin halving event in April. Analysts noted this as the largest difficulty decrease since the crypto exchange FTX crash in 2022.
Julio Moreno, the head of research at CryptoQuant, commented, “The network hash rate saw a 7.8% decline, comparable to the aftermath of the FTX crash in December 2022. Daily revenues have fallen from $78 million before the halving to $26 million currently, impacting miners’ profitability. Some miners have responded to low profitability by shutting down equipment, leading to a decrease in network hash rate and subsequent decline in mining difficulty since early May.”
Current data shows daily revenues for miners have dropped from $78 million before the halving to $26 million now. The comparison to the FTX exchange collapse has heightened concerns in the crypto world.
Amid uncertainty, fear, and anxiety in the crypto space, investors are turning to coins that could offer quick gains and are available at low prices. Pre-sale coins are gaining attention as potential candidates for bottom-picking.
Among the pre-sale coins drawing investor interest are Pepe Unchained, which has seen a rise in PEPE levels, WienerAI, an AI-powered investment platform, and Shiba Shootout, a Wild West-themed dog coin, all positioning themselves prominently on investors’ radar for potential gains at the bottom.
Pepe Unchained Token Reaches $3 Million
One of the most notable names on the list of coins to buy at the bottom is Pepe Unchained, a popular meme coin that has launched on its own blockchain. The pre-sale, aimed at purchasing Pepe Unchained tokens at discounted prices, has raised funds totaling $3 million.
Operating as a Layer-2 project on the Ethereum network, Pepe Unchained attracts investors with low transaction fees, fast trading services, a Block Explorer feature, and staking facilitated through an ETH bridge.
Entering the crypto arena with a phased pre-sale, PEPU coin is currently being traded at $0.0083258. The project team, having raised $3 million in a short span, rewards early investors with a gradual price increase policy. High APY and staking rewards extend participant incentives over the long term.
Crypto enthusiasts looking to participate in the pre-sale can secure their spot in the Pepe Unchained token project using ETH, USDT, BNB, and credit card transactions.
Artificial Intelligence-Powered WienerAI Surpasses $7.5 Million in Power
WienerAI token, which has climbed high on the list of low-priced coins, has exceeded $7.5 million in funds raised during its pre-sale. Bringing together artificial intelligence technology with the crypto world, the project not only serves as a popular meme coin but also offers functionality.
Investors purchasing WienerAI tokens, symbolized by WAI, elevate their cryptocurrency trading decisions with an AI-supported investment partner. In addition to accessing premium features, WAI tokens provide advantageous income models such as staking.
Through a phased pre-sale event, crypto enthusiasts benefit more from potential gains before exchange listings by becoming early investors. Participants opting to lock their tokens can enjoy an APY of 156% at the current rate, along with 3938 WAI tokens per ETH block reward.
Investors eager to join WienerAI token’s community known as the Sausage Army and harness the power of artificial intelligence can purchase WAI tokens at dip prices using ETH, USDT, BNB, and card transactions.”
Wild West-Themed Shiba Shootout Surpasses $600,000
Funds raised from investors interested in purchasing Shiba Shootout tokens, which combine meme coin popularity with a Wild West theme, have exceeded $600,000. The project team, introducing itself with the symbol SHIBASHOOT to early investors, aims to imbue viral popularity with functionality.
The project offers opportunities for passive income through Cactus Staking and the chance to earn additional rewards with Savings Satchel. To maintain strong community ties, the project team has also created a group called Campfire Tales where crypto and project-related matters are discussed.
During the current phase of phased pre-sale, participants can purchase Shiba Shootout tokens at a dip price of $0.0195 per token. Token holders can choose to lock their SHIBASHOOT tokens and benefit from an APY exceeding 1700% at the current rate.
Additionally, serving as a governance token, SHIBASHOOT tokens enable participants to make decisions regarding the platform’s future. The project team invites early investors to join the pre-sale.
Note: This is not investment advice
