Altcoins
Influencers on the best Altcoins of the moment; Solana tokens perform well
THE Global crypto market volume down 24.64% over the past 24 hours, Bitcoin is down 5.88% weekly and Ethereum’s 24-hour volume is down 20.07%.
Meme coins are also in the redwith a sharp edge 34.44% daily drop in trading volume. This market stress could be caused by $9.6 Billion Bitcoin Transfer from Mt. Gox to Unknown Address and the Bitcoin ETFs’ five-day losing streak.
To weather the bearish storm, investors are turning to altcoins and Solana coins ($SOL) that are doing well, like Slothana ($SLOTH). The room is up 28.26% weekly and has a market capitalization of $24 million.
Sealana ($SEAL) is another $SOL meme coin that is doing well after raising over $4 million in the presale. THE countdown timer shows 11 days until registration with a token price of $0.022, so investors can still enter early.
$SEAL could follow in the footsteps of $WIF, where pre-sale investors got a 100x gain.
Let’s discuss what’s causing the current crypto crash and how to make the most of it.
Mt. Gox and $BTC ETFs cause stock market crash?
CoinMarketCap Fear and Greed Index shows a ‘Neutral’ 55, down from the ‘Greed’ zone. This the downward trend continued last monthleading to more conservative investments.
Although some fluctuation is expected, the the current scenario is atypicalgiven that the $BTC halving is almost two months away and ETF $ETH should have stimulated the market.
Two major events could have been the cause:
$9.6 Billion BTC Transfer from Mt. Gox
The exchange now defunct took his first step in five years, transfer $9.6 billion BTC to unknown address at 11:00 a.m. Hong Kong time. This could be linked to the company’s October 31 refund deadline.
After this decision, the crypto market began to fear a dumping scheme, which could have slowed down crypto trading.
$BTC ETF Outflows Increase
$BTC ETFs have struggled in recent months, with a nine days of consecutive defeat between April 24 and May 2. Releases have skyrocketed again over the past four days, put most ETFs in the red.
As Bitcoin bulls enter a state of panic, $BTC price took a hitfollowed by the rest of the market (as is always the case when Bitcoin tanks).
Sealana and Solana Meme Coins as Crypto Safe Haven
While Solana is down 13.89% weeklySeveral $SOL meme coins have performed well over the past 24 hours, even during these bearish times:
$SEAL is another very promising $SOL project. Still in pre-sale, it has raised more than $4 million and there is still time to invest.
The $SEAL token uses a pre-sale system similar to $SLOTHwhich made a 250x for early investors.
Its patriotic theme also appeals to a wide audience, with Trump supporters show their support. Other political coins that performed well were $STRUMP (+352% monthly) and $TRUMP (+66.17% monthly).
$SEAL also accepts $BNB and $ETH, giving early investors additional payment choice. Although staking is not part of Sealana’s plans, DEX and CEX listing is.
Sealana could reach $0.030 to $0.088 by the end of 2024 (six months from now), a 300% pump from its current price of $0.022.
HAS buy $SEALopen the presale website, connect your wallet to the widget, select a channel ($ETH, $BNB, $USDT, $SOL or card) and enter the amount of $SEAl you want to purchase.
💰 The Sealana presale ends in 11 days, so you can still buy $SEAL for $0.022/token.
Looking Ahead – Can Sealana Withstand the Crypto Winter?
The Sealana presale is similar to previously successful $SOL coins like $SLOTH and $WIF. He has no increase in price level and that uses attractive marketing to attract investors.
In times of crypto panic, investors often find a safe haven in meme coins, which typically results in strong performance for tokens with broader appeal.
Whether $SEAL follows this formula will depend on community support and investor interest.
Remember DYOR and investing responsiblybecause crypto coins are volatile and market conditions are constantly changing.
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