In the last seven days, the cryptocurrency market has experienced a significant decline, with its total capitalization decreasing by nearly $100 billion. Currently standing at $1.150B, the market has been far from enjoyable for participants, as the majority of coins are experiencing significant losses. Interestingly, While Bitcoin (BTC) tumbles, Pepe Coin (PEPE) remains a hot topic this week, although for different reasons than before. The new meme coin PAT WARS (PAWS) in presale gives some boost to the otherwise down morale of crypto enthusiasts.
Bitcoin’s Persistent Downward Trend
To begin with, Bitcoin’s price plummeted by approximately 9% over the past week and is currently being traded at around $26,500. There’s no way to sugarcoat it—the trend has been consistently downward, and buyers have struggled to find any relief. The bears have been relentless, rejecting the price when it attempted to reach $30K last week, resulting in a continuous decline.
The price dipped below $29K last Saturday and failed to recover beyond that level. By Monday evening, it had already dropped to nearly $27K. Despite a momentary surge above $28K following the CPI announcement on Wednesday, the correction was swift, and the cryptocurrency resumed its downward spiral. It is currently trading around $26,500.
Unfortunately, the situation isn’t any better for altcoins, as the majority of them are also experiencing significant losses. ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, and DOT—all of them are charting notable declines.
Pepe Coin’s Huge Crash
However, none of the aforementioned losses compare to the crash experienced by Pepe Coin (PEPE). This memecoin, which dominated the market in recent weeks, seems to have reached its peak and has now plummeted by 60% over the course of the week, and over 70% since its all-time high.
Investors are increasingly drawn to Pepecoin, making it a preferred cryptocurrency choice. This particular token operates on the Ethereum blockchain as an ERC20 token, ensuring unmatched reliability and security for its users. What distinguishes Pepe Coin is its unique deflationary mechanism, whereby a small percentage of tokens is burned with each transaction. This gradual reduction in supply contributes to a long-term increase in its value.
Pepecoin stands out with its redistribution system, which serves as a compelling incentive for holding the token over the long term and adopting key investment strategies. Moreover, the project places significant importance on community development and engagement, recognizing their vital role in shaping its future growth. The establishment of Pepe Academy and a roadmap for merchandise further solidify Pepecoin as one of the top meme coins to consider investing in during the current bullish market trend of 2023.
PAT WARS Strive To Be The Ultimate Meme Coin
A significant disruption has occurred in the world of cryptocurrency, originating from a distant galaxy, with the aim of establishing itself as the ultimate meme coin. Currently in its early stages, PAT WARS (PAWS) has recently launched its presale and has the potential to become the latest sensation among investors.
With the commencement of the presale phase, PAT WARS demonstrates its unique qualities that set it apart from other meme currencies in the market. It takes the meme currency phenomenon to a whole new level by placing a strong emphasis on community and implementing the innovative PAT WARS DAO for communal decision-making. The foundation of PAWS lies within its tightly-knit community, distinguishing it from its counterparts in the meme currency space.
While other joke currencies like Dogecoin also prioritise community, PAWS goes a step further by incorporating practical functionality through its community ideals. The introduction of the PAT WARS DAO ensures that every individual’s voice is heard and valued, enabling investors to actively participate in shaping the future trajectory of the project. PAWS truly places the power of decision-making in the hands of its community members.
The narrative revolves around four Jedi cats who stumbled upon a prophecy that revealed the rise of a powerful new currency, PAT WARS, capable of ending the conflicts between meme coins and restoring harmony. This currency would be decentralised, inclusive, and owned by its community.
PAT WARS has a mission to restore equilibrium to the cryptocurrency landscape by creating a decentralised platform centred around its users. Leveraging the power of NFTs, it intends to foster a vibrant and prosperous community. Moreover, it plans to develop and integrate exclusive PATWARS NFTs into its platform. Through the implementation of PATWARSDAO, users will have a say in the decision-making process regarding the future of the PAT WARS currency.
Click the Links Below for More Information on PATWARS!
Website: https://www.patwars.com
Twitter: https://twitter.com/PATWARSOfficial
Telegram: https://t.me/PATWARSOfficial
