5 new cryptos investors can watch this week
Crypto investors are always looking for new and promising projects to add to their portfolios, especially given the recent bullish momentum in the market.
With new cryptos launching every week, it can be challenging to determine which ones have real long-term potential.
This article will highlight five emerging coins investors can add to their watch lists this week.
Bitcoin ETF Token (BTCETF)
Bitcoin ETF Token offers a way for crypto investors to speculate on the potential impacts of a spot Bitcoin ETF being approved.
The project has a deflationary tokenomics model, in which 25% of the total supply will be burned as key ETF approval milestones are reached.
For example, 5% of the tokens are burned if the Securities and Exchange Commission (SEC) announces an ETF approval date.
Bitcoin ETF Token also allocates 25% of its supply to staking rewards, which currently exceed 130% APY.
As we approach the first-ever spot Bitcoin ETF in the U.S., the developers behind BTCETF are betting that this staking protocol, combined with deflationary tokenomics, will drive up demand for the token.
BTCETF is currently in its presale phase, trading for $0.0058 before being listed on the open market.
So far, over $1.8 million has been raised in the ongoing presale.
Meme Kombat (MK)
Meme Kombat brings entertainment and rewards to the meme coin space by allowing users to view battles between popular internet memes.
Users can wager the platform’s ERC-20 token, MK, on PvP matches or test their skills versus the house in PvGame battles with set odds.
Side-betting on specific in-battle events is also supported.
Another critical part of Meme Kombat’s ecosystem is its staking functionality, which lets MK holders earn up to 420% APY.
Half of MK’s total supply has been reserved for presale buyers, while 30% will be used for stake/battle rewards.
Matt Whiteman leads Meme Kombat and has already raised over $2.1 million in early investment.
Between the meme entertainment factor, betting potential, and staking incentives, investors can explore Meme Kombat for income opportunities.
Bitcoin Minetrix (BTCMTX)
Another new project that offers passive income opportunities is Bitcoin Minetrix, which debuts a novel stake-to-mine model.
By staking the BTCMTC token, holders can generate mining credits to access cloud mining power and earn BTC rewards.
This approach aims to decentralize mining power, setting Bitcoin Minetrix apart from traditional cloud mining services.
In addition, Bitcoin Minetrix currently offers a 133% APY on staked tokens, and over $4.4 million has already been raised in the project’s presale.
As the 2024 Bitcoin halving approaches, Bitcoin Minetrix’s stake-to-mine feature could be essential for miners looking to maintain profitability.
With plans to list on leading exchanges and partner with mining providers to increase capacity, Bitcoin Minetrix’s developers are keen to build out its ecosystem in the months and years ahead.
Due to this long-term approach and the platform’s passive income options, investors can explore Bitcoin Minetrix this week.
TG.Casino (TGC)
TG.Casino is an Ethereum-based crypto casino that seeks to capitalize on the buzz surrounding the GambleFi space.
One of TG. Casino’s key selling points is its no-KYC approach, which means users can gamble anonymously and fund their accounts using crypto.
Additionally, TG.Casino is fully integrated into the Telegram messenger app, making the gaming process accessible and user-friendly.
TG.Casino has a massive range of games for users, including live dealers, traditional casino games, slots, and even a sportsbook.
Alongside gambling, TG.Casino users can stake TGC, the ecosystem’s native token, to earn annual yields of up to 194%.
Underpinning these elements is a complete gaming license from Gaming Curacao, alongside a smart contract audit from Coinsult.
Like the other projects mentioned so far, TG.Casino is in its presale phase and has raised almost $3 million in just two months.
With plans to launch TGC on the open market once the presale ends, investors can add the project to their watch lists.
yPredict (YPRED)
Lastly, yPredict brings AI-powered predictive analytics to the crypto market.
yPredict’s development team has built financial prediction tools and alternative data metrics to help users generate actionable insights.
As outlined in the project’s whitepaper, some of yPredict’s core features include AI-powered trading signals, market sentiment analysis, and automated chart pattern recognition.
yPredict also features a marketplace where AI experts can monetize their prediction models by selling monthly subscriptions paid in YPRED, the ecosystem’s native token.
Notably, yPredict’s team also looks to make their mark on the SEO space with a custom-built backlink estimator tool to help digital marketers optimize their online presence.
With over $5 million raised in presale and over 20,000 users on the waiting list, yPredict seems poised to reshape how investors approach the crypto market.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Credit: Source link
