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While crypto presales offer attractive opportunities for investors, they also come with corresponding increasing risks. Because not every new cryptocurrency will become established. The survivorship bias leads some investors to believe that the vast majority of new coins will be successful in the long term. But the opposite is the case, which requires in-depth research and dedicated analysis.
A first good sign is a certain level of demand in the presale, which can be observed for the following new cryptocurrencies with potential for 2024. As a quick look, let’s take a look at the crypto presales Bitcoin ETF tokens, Bitcoin Minetrix and Meme Kombat.
Bitcoin ETF tokens
The possible approval of a Bitcoin ETF is generating viral potential in the crypto community as it would represent a significant step towards mainstream acceptance and institutional recognition for Bitcoin. An ETF would make Bitcoin accessible to a broader range of investors and act as a link between traditional financial markets and the crypto world. It also symbolizes a kind of regulatory legitimacy and could strengthen trust in Bitcoin, which further fuels attention and enthusiasm in the community.
A new crypto project, the Bitcoin ETF token, wants to use this virality and convert it into price gains. The purpose of the token is primarily aimed at paying homage to the Bitcoin ETF:
“Bitcoin ETF Token (BTCETF) is an ERC-20 token that can be staked in our verified smart contract to earn passive rewards at a dynamic rate. It was created to celebrate the anticipated arrival of Bitcoin ETFs in the US financial markets.”
The Bitcoin ETF token stands out from many other new coins with its own concept. Because the development is closely linked to the Bitcoin ETF in the real world. In addition to a comprehensive data feed on the website covering all news surrounding a potential Bitcoin ETF approval, advances in this direction will also influence tokenomics. Various token burnings can remove up to 25% of all tokens from the supply. While this creates a shortage on the supply side, the staking yield of currently 79% could further increase demand. Around $3.3 million has already been invested in the presale.
Find out more about the Bitcoin ETF token
Bitcoin Minetrix
In 2023, Bitcoin mining has changed dramatically compared to the early days of the cryptocurrency. A clear sign of this is the reaching of a record high in hashrate and the associated increase in mining difficulty. These developments mean that more and more computing power is needed to find new blocks and mine Bitcoins.
This means that it is hardly profitable for private investors to participate in Bitcoin mining. The high cost of specialized hardware and energy, combined with increased competition from large mining companies, makes it difficult for individuals to mine profitably. At the end of 2023, this shows how Bitcoin’s ecosystem has evolved and is increasingly dominated by professional and large-scale mining operations.
Bitcoin Minetrix would like to change that and is relying on a stake-2-mine concept for 2024, which would therefore like to provide transparent and intuitive access to Bitcoin mining via the Ethereum blockchain. This works as follows – the BTCMTX tokens are first paid into the staking and mining credits are distributed as a reward. Investors can use these to claim hash power in order to then have rewards automatically paid out to their wallet. Around $5.2 million has already been raised – and the number is rising.
Find out more about Bitcoin Minetrix
Meme Kombat
Meme coins have established themselves as a permanent part of the crypto market. With DOGE, SHIB, PEPE, BONK and FLOKI, five meme coins are already among the top 100 cryptocurrencies. Their appeal for speculative investors will most likely continue in 2024. However, there is a growing trend where attention may be shifting towards meme coins with additional functionality. Such coins offer practical applications beyond pure entertainment value, making them potentially more attractive to investors. Dogecoin and Shiba Inu have also been trying to develop things further for some time.
Meme Kombat relies on a gaming ecosystem that integrates popular meme characters such as Doge, Pepe, Shiba Inu and Floki to appeal to a wide fan base. At the center of Meme Kombat is the arena in which these well-known meme characters compete against each other in battles animated by artificial intelligence.
Here fans can bet on the results of these fights and win real money. The combination of memes, betting and AI-driven action sparks imagination within the crypto community, as revealed by the almost $3 million raised capital in the presale. Staking rounds off the passive income via Meme Kombat and currently generates a dynamic return of 300% APY in the ongoing presale.
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