Best crypto presales to buy as meme coin market crashes 10%

Bitcoin briefly fell below $104,000 for the first time in a week on Thursday following explosions in Tehran that heightened geopolitical tensions and triggered a sharp sell-off across the cryptocurrency market. The leading digital asset plunged from $106,042 to $103,053 within 90 minutes after reports emerged of blasts in Iran’s capital at approximately 22:50 UTC. Israel later claimed responsibility for the strikes, intensifying risk aversion across global markets. At the time of publication, Bitcoin had recovered modestly to $104,370, according to CoinMarketCap. The fall was evident among the top meme coins, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) trading lower on Friday, mirroring the broader market downturn. The correction comes just days after Bitcoin climbed to $110,265 on Tuesday, approaching its all-time high of $111,940 reached on May 22. With tensions in the Middle East escalating, market volatility remains elevated as traders monitor further developments. Amid this turmoil, one meme coin has shown strong resilience. Since its February launch, Bitcoin Pepe ’s presale has sustained strong momentum, emerging as a notable standout in the crowded meme coin market. Meme coins fall hard The combined market capitalisation of meme coins has fallen nearly 10% amid rising token supply and escalating risk-off sentiment. Technical indicators point to the possibility of a deeper correction across these assets, suggesting the current weakness may extend if market conditions remain unstable. Dogecoin, the dominant player in the meme coin segment with a market capitalisation of $26 billion, is down nearly 8% over the past 24 hours. Despite a brief recovery earlier this week, DOGE failed to break above the 50-day Exponential Moving Average at $0.1976, triggering a three-day selloff that has erased more than 15% from the recent high of $0.2067. At the time of writing, Dogecoin is trading at $0.1747, marking its third consecutive daily loss. Shiba Inu also extended its bearish reversal, following a rejection at a key resistance trendline connecting peaks from December 8, May 10, and May 22. The token is down 7% on the day, hitting a new 30-day low of $0.00001138. Bitcoin Pepe presale stays strong The past few months have been turbulent for the crypto market. Major digital assets have seen sharp swings, and meme coins, typically known for their explosive rallies, have been no exception. Dogecoin, PEPE, and Shiba Inu have largely flatlined, failing to deliver any sustained upward momentum. Yet, amid this cooling-off period, the Bitcoin Pepe presale has steadily gained traction. Its ability to draw investor interest while the rest of the meme coin segment struggles suggests it may be better positioned to weather the ongoing market storm. Unlike conventional meme tokens that rely heavily on hype with little technical backing, Bitcoin Pepe is introducing a different approach. It is said to be the first meme-centric Layer 2 built on the Bitcoin network, combining the network’s robust security with Solana-like scalability. This hybrid model of technical infrastructure and meme culture is aimed at setting a new standard in the space. To expand its Layer 2 ecosystem, the project has announced strategic tie-ups with Super Meme, Catamoto, and Plena Finance. This combination of utility and meme appeal appears to be resonating. Bitcoin Pepe ‘s ongoing presale has already brought in over $14 million. With just four days remaining before a listing announcement on June 17, attention around the project continues to build. The post Best crypto presales to buy as meme coin market crashes 10% appeared first on Invezz

Source: Invezz