ꦿ2024 has been a very eventful year so far for the crypto market and we are just over 2 weeks in. There have been rollercoaster trends, most notably with bitcoin (BTC), which has pumped but also lost a lot of its gains. The ETF approvals will bring a whole new wave of investors into the market, so it's the perfect time to start looking for new projects to get behind.
🐽We have done some digging and found 3 cryptos poised for explosive growth, with anticipated returns surpassing 2500%. This is a lofty claim, but two of our choices are presales that are taking the market by storm and the other is a meme coin that has already seen this kind of growth last year. So, here they are:
Bitcoin Minetrix (BTCMTX)
Sponge V2 ($SPONGEV2)
Pepe Coin (PEPE)
🐷Let’s take a closer look at why we think these tokens can have returns surpassing 2500%.
Bitcoin Minetrix- Investors rushing to get a piece of this presale before it sells out
𝓀Bitcoin Minetrix (BTCMTX) is a token that has garnered a lot of attention lately, and for good reason too. Its presale has now raised over $8.5 million and we are starting to enter the final stages before its listings begin. Its fundraising hasn’t slowed down either, quite the opposite actually, as it seems to go from strength to strength as more investors learn about this project.
𝕴The Bitcoin alternative aims to solve an issue that currently plagues the mining of crypto’s number one token. At first glance, you might think this a niche project that is only for those who wish to mine BTC, but then you learn how it's going to allow people to mine Bitcoin in a greener and cheaper way.
😼The problem at the moment is that mining Bitcoin has completely abandoned the decentralized principles it was founded on. When Bitcoin first came into prominence anyone that wished to could mine it. Now, however, it has become a victim of its own success.
๊Bitcoin has exploded in price and popularity in the last decade, which in turn has meant that it is mined at a much larger scale. Mining now takes place in massive data centers that cost an incredible amount of money to maintain. This has cut out the vast majority of everyday investors who may wish to mine BTC.
How Bitcoin Minetrix has used staking to save Bitcoin mining
🌌For those not familiar with Bitcoin mining this problem has been tackled already through cloud mining. Unfortunately, this, too, has failed. Those who wish to mine are entering into cash contracts with the big mining companies, but they are being ripped off by high deposit prices.
𓃲That’s the best-case scenario too. Unfortunately, the cloud mining sector is overrun with scammers who lure people in with initial returns, and then suddenly, everything dries up. Luckily, Bitcoin Minetrix has combined cloud mining with staking to solve the problem.
♛The staking part is the key to the solution. Investors stake their BTCMTX and then have three options with what they wish to do from here. The first two options are normal for staking in any ecosystem. Investors can earn a generous APY%, or they can unstake and sell their tokens at any time.
🐻The final option is they can exchange their staked BTCMTX for mining credits. These are non-transferable ERC-20 tokens that have one fiction; they are burnt in exchange for mining time or a share of mining yields. As we mentioned, this process is greener and cheaper than regular mining, so we anticipate 2500% gains.
Sponge V2- Version 1 already pumped and we expect version 2 to do the same
ꦏIf you are looking for a coin poised for explosive growth, what's better than a project that has a track record of exceeding expectations already? Sponge V2 ($SPONGEV2) is the second version of Sponge Token ($SPONGE), which was one of the hottest meme coins in 2023.
💎Sponge Token was one of the meme coins that was launched after Pepe Coin (PEPE) exploded and breathed new life into the meme coin sector. Unfortunately, by the time it launched, bearish conditions had already set in and the timing was not ideal.
💙Despite this and the fact that the meme coin original was launched with little or no publicity on a solitary exchange, it still pumped by 340%. It also went on to be listed on 9 other exchanges and built a considerable social media following that includes close to 30k on X (formally Twitter).
The genius way the project has paved the way for version 2 to pump
🍰Now comes version 2. Considering the success version 1 had without the foundation Sponge V2 will have, we think 2500% gains is well within its reach. The project will use an innovative stake-to-bridge system to link the two tokens together and ensure the security of both coins.
ꦑHow it works is that investors will first need to purchase and stake $SPONGE before they can get a slice of the second version. However, when they do this, an equivalent amount of $SPONGEV2 is also purchased for them. When version 1 is sold out, the new version launches and they can claim their $SPONGEV2 as well as receive staking rewards from their locked V1 tokens over the course of 4 years.
Pepe Coin- It has the chance to repeat its 2023 success
🐷Meme coins had their breakout year last year, and a lot of that had to do with Pepe Coin (PEPE). After very little growth in the sector, Pepe Coin came out of nowhere and pumped by thousands of percent, making investors millionaires overnight. It created a sense of FOMO unlike we have seen before, and suddenly, everyone wanted to know about meme coins.
💎Since its success, PEPE has been falling steadily, but 2024 could see a comeback. It shares a lot of similarities with fellow meme coin Shiba Inu (SHIB), which after its first pump, lost nearly all its gains before then pumping to an all-time high. Pepe Coin has built a huge community, so 2500% of gains are well within its capabilities this year.
Conclusion
ꦕSo there you have our list of 3 cryptos poised for explosive growth, anticipated returns surpassing 2500%. In particular, we expect big things out of Bitcoin Minetrix and Sponge V2. They are both very promising presales that, given their small prices and market caps, have the scope for massive gains and then some!
