#SPONGE #Minetrix #kombat #altseason2024 #altcoin
Small-cap cryptocurrencies are, of course, a riskier proposition than their larger market value counterparts. However, high income is most often generated by companies at an early stage of development.
In the cryptocurrency environment, these are those projects that have not yet listed their coins on exchanges and sell them at a discount. This means traders can buy more assets at a low cost and expect potential growth after listing. This article looks at which new cryptocurrencies can be added to your investment portfolio in the near future.
Top 3 Tokens to Buy in Altcoin Season According to industry analysts, these cryptocurrencies will be the leaders of the 2024 bull season.
Bitcoin Minetrix is a new Ethereum-based BTC mining solution that makes the industry accessible to everyone. The presale has already raised $8.4 million and the token is currently worth just $0.0128.
SPONGE V2 is the successor to the popular SPONGE cryptocurrency, which was launched in May 2023 and reached a market capitalization of $100 million. V2 can be obtained exclusively through V1 staking.
Meme Kombat is a meme-based platform where famous characters fight each other and investors place bets on the outcomes in exchange for rewards. The final stage of the presale has begun, which means the last opportunity to buy a token at a discount for $0.279.
Bitcoin Minetrix - a new concept for accessible mining Given the innovative concept that will make Bitcoin mining more accessible, Bitcoin Minetrix (BTCMTX) could become a sought-after token in the current and subsequent years. The project offers a way to “mine” cryptocurrency without the need for expensive equipment and without any negative consequences for nature.
BTC mining is carried out using staking. The BTCMTX coin (project token) can be staked in a pool in exchange for cloud mining credits. These assets are then burned to generate computing power, which produces rewards in Bitcoin.
The pre-sale raised over $8.4 million. A total of 4 billion BTCMTX tokens will be issued, the current value of one asset is $0.0128. At the final 39th stage it will rise to $0.0148. The team allocated 42.5% of the total volume for mining and 7.5% for staking.
Staking Bitcoin Minetrix
One of the advantages of this project is that its concept is related to the Bitcoin economy. For this reason, it is expected that the token shortage caused by the BTC halving may lead to an increase in the use of Bitcoin Minetrix and, consequently, the value of the BTCMTX coin.
The advantages of the platform include:
double income: BTC coins and project tokens mined through staking;
offers flexible conditions for mining participants: the investor does not need to enter into a contract, and he can withdraw and sell rewards at any time;
traders can join BTC mining by investing $10.
Among the shortcomings we can highlight:
the profitability of staking will definitely decrease over time;
Despite the Bitcoin Minetrix initiative, the mining industry will continue to be dominated by corporations with both financial power and technical expertise.
SPONGE V2 is an updated version of the token that grew by 80% in a month. The Sponge crypto project built its marketing campaign around SpongeBob SquarePants and was able to reach a market capitalization of $100 million in the first month of trading. And although the value of the asset has since decreased, news of the release The new version of the SPONGE V2 coin is likely to revive the enthusiasm of market participants.
The token will differ from its predecessor in two important characteristics: the method of receipt and utility. The introduction of new coins is facilitated by the Stake-to-Bridge approach, in which holders of the V1 version can switch to the new V2 smart contract by staking their assets.
Coin locking also provides an additional opportunity to receive SPONGE V2 tokens as a bonus reward. Currently, the panel hosts a significant number of coins - more than 5 billion.
Supply of SPONGE V2 will be limited at first, meaning demand may significantly outstrip supply. More importantly, in the long term, listing SPONGE on major exchanges, which is part of the developers' plans, will expand the fan community and open the project to new audiences.
Advantages:
potential income can be supplemented by the racing game Sponge, which provides the opportunity to earn coins;
investors can passively receive 323% per annum;
the more original tokens are locked in staking, the more new assets the owner will receive.
Flaws:
the project still has a small community of approximately 30,000 people;
to get SPONGE V2, you need to buy V1 coins, the price of which can change dramatically.
Meme Kombat is a fighting game featuring characters from famous memes. Meme Kombat (MK) is a new concept in the field of meme tokens, providing the opportunity for the most successful Internet characters to participate in fights. Spectators can place bets on the outcome of the battle with automatic distribution of rewards.
As for tokenomics, the total supply of the MK project’s own token is 120 million. The supply is distributed as follows: 50% for pre-sale, 30% goes to staking and rewards for battles, 10% for liquidity on the DEX and 10% to community members. The last stage of the presale is now underway, and you can still buy the coin at a reduced price of $0.279.
This project proposes an idea that has not yet been put forward, so it may be popular among meme coin supporters. The MK token may also benefit from the macroeconomic situation in 2024. Analysts predict that a bull market in cryptocurrencies will soon begin, which is good news for all assets.
Additional advantages:
Season 2 will feature new combat styles and characters that will be selected based on feedback from ecosystem participants;
the project's founder (Matt Whiteman) is available via LinkedIn;
the current APY yield is at 137%.
Minuses:
You can place bets on fights exclusively in the MK token;
The success of cryptocurrency largely depends on the popularity of the game.
Summary:
Participating in the pre-sale is a way to get ahead of the potential increase in the value of a coin as it attracts investors and enters exchange markets.
When looking for promising altcoins, it is important to research the overall cryptocurrency market and understand current trends and dynamics. Traders can refer to leading digital currency news sites to stay updated with developments in the industry.
Profitable assets are those that have real applications and are used by people and businesses. This may indicate that the project has a bright future.
The information contained on the site is published on the principle of good facts and objectives and exclusively for informational purposes. The reader is solely responsible for any actions they take based on updated information received on our site. This advertising article is not an invective.
