Bitcoin has fallen around 1.2% over the last day, and opened the week at $86,600 before pushing back up to $87,800. Ethereum has dropped even further, down 2% to about $2,900. But the broader market still shows signs of recovery, particularly among altcoins.<\/p>\n
Many meme coins are still up since the start of the year. Pepe is trading about 20% higher from its January 1 opening price \u2013 and Shiba Inu is still above its New Year price by about 7%, despite a 2.6% drop in the last seven days. Dogecoin remains under pressure after retesting its yearly low, although it has bounced back from key support around $0.119.<\/p>\n
Despite the broader crypto selloffs, presales keep attracting investors. It\u2019s their ability to generate excitement before public listings (when prices can skyrocket) that high-risk, high-reward traders are looking for.<\/p>\n