Pepe has dipped 3% today and 20% this week. Things aren’t looking great for the frog-themed meme coin, but a new alternative called Snorter ($SNORT) is gaining real traction.
Unlike Pepe, Snorter is built on real utility. It offers a multichain trading bot that helps users identify promising trading opportunities on autopilot. The chains it supports are Solana, Ethereum, Base, Polygon, and BSC.
The project is undergoing a presale and has raised over $1 million in its opening three weeks, showing considerable demand among investors.
Currently, traders can buy $SNORT at a discounted price of $0.0955, but this will increase as the presale advances. The next uptick will occur in just one day.
Pepe folds to market-wide bearish momentum
Down 20% this week, Pepe is now teetering on a crucial support level of $0.00001. If it falls below this level, things could get ugly.
Pepe’s bearish momentum is due to a broader market selloff, with Bitcoin down 4.1%, and Ethereum down 8.5% this week.
This is due to rising tensions in the Middle East, with escalations in the Iran-Israel conflict and U.S. President Donald Trump insinuated that the U.S. may increase its involvement.
But despite all that, BlackRock continues to buy Bitcoin via its IBIT Bitcoin ETF – a clear sign that smart money anticipates a crypto market recovery.
It made an additional $412 million buy on Tuesday, marking the sixth consecutive day of capital inflows.
But while most cryptos are down this week, Snorter is experiencing a notable surge in buys. Its presale raise has surged around $400K in the past week, going from $600K to over $1 million.
Its strength at a time when the broader market is struggling suggests that it could see huge gains once things start to recover.
But why is Snorter performing so well?
Snorter is the new bot that can find 1,000x opportunities
Snorter isn’t just a meme coin; it’s a next generation trading bot that will help users find opportunities in the fast piece meme coin sector.
Thousands of new cryptocurrencies launch every day, so finding ones with the most potential is far from easy. In fact, without insider knowledge or advanced tooling, it’s almost impossible.
Snorter offers a range of innovative features that make monitoring the market and making trades much easier.
It has an automated sniping feature which allows users to input trading parameters and then the bot automatically executes on said criteria.
Another important feature is copy trading, enabling users to mimic the moves of the most profitable on-chain wallets.
But Snorter isn’t just about catching opportunities; it’s about protecting against losses.
The Snorter app has a rug pull detection feature that has caught 85% of scam tokens in its beta testing phase. And it also has a dynamic stop loss feature so users can automatically close positions if they don’t go their way, minimizing damage.
It’s a setup that could help users find the next 1,000x trade while executing proper risk management.
As a result, expectations are high about how far Snorter could go. For example, the Cryptonews YouTube channel said $SNORT could give 100x gains.
Investors could potentially earn even more from the project thanks to its staking mechanism which is live in the presale and offering a 283% APY. However, this will decrease as the staking pool grows.
Just 1 day until $SNORT presale price increases
With presale price increases taking place throughout the campaign, those seeking to buy $SNORT shouldn’t wait to get involved.
Pepe and many other cryptocurrencies are down this week, but BlackRock’s continued Bitcoin interest suggests a swift recovery may be on the horizon. The fact that Snorter has pushed forth unfazed by external conditions indicates that it could be among the biggest winners as prices regain strength.
Follow the project on X or Instagram to catch the latest updates. Alternatively, visit its website to buy tokens.
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.