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The crypto market is on tenterhooks as it awaits the SEC’s decision regarding the approval of spot bitcoin ETFs. With such Wall Street asset managers submitting applications, much of the coverage within the crypto community has been taken as a given the SEC will approve these applications.
However, Matrixport, one of crypto’s largest finance platforms, is taking a more pessimistic view. Given the SEC’s erratic actions regarding crypto in the past, we cannot blame them. The platform is predicting that if the spot ETFs are rejected. Bitcoin might lose a whopping 20% of its value.
Given that Bitcoin acts as a canary in the coal mine for the whole market, the SEC rejecting ETFs could be bad for the market in general. Given the positive outlook for crypto in 2024, however, this is likely only to be a minor setback.
That means the best place to turn for investment options right now is the presale market. The guaranteed insulation these coins have until they are launched means that whether it is good or bad news coming from the SEC these will remain good investments. Here are the 5 best BTC alternatives to buy now:
– Sponge V2 ($SPONGEV2)
– Bitcoin Minetrix (BTCMTX)
– Meme Kombat ($MK)
– Launchpad XYZ (LPX)
– Pikamoon (PIKA)
Let’s take a dive into each project and see why they are all great investment options.
Sponge V2- One of 2023’s hottest meme coins is getting a new look for this year
Meme coins were the stars of 2023 and one of the standout coins is getting a unique relaunch. Sponge V2 ($SPONGV2) is the new version of Sponge Token ($SPONGE), which many readers will already be familiar with. It came from nowhere to be one of the success stories of 2023.
Originally launched on Uniswap with little or no publicity, the meme coin drew a lot of attention in the wake of the Pepe Coin (PEPE) success. From obscurity, it pumped by 340%, gained a big social media following, and was listed on 9 other exchanges. The project also added staking in November which caused $SPONGE to pump by 500%.
Now we have the launch of Sponge V2. Through a clever stake-to-bridge system, the project has secured the security of both tokens. Investors will first need to purchase version 1 $SPONGE, but when they do and stake it an equivalent amount of version 2 $SPONGV2 will be purchased for them. They will then receive staking rewards from their locked V1 tokens over 4 years.
Bitcoin Minetrix- The BTC alternative that could fix how we mine crypto
One of the 5 best BTC alternatives to buy now is actually a token that could really aid Bitcoin’s long-term future. Bitcoin Minetrix (BTCMTX) has come up with a solution to the mining problem that is currently causing a lot of controversy within the sector.
The issue is the mining of Bitcoin has become exclusive which goes against what crypto stands for. With its explosion in popularity, Bitcoin was mined at a larger scale to the extent it is now almost exclusively done in massive data centers. It has cut out the small, everyday investor.
The project’s solution to this problem is a stake-to-mine system that gives the power back to everyday investors. The staking works like any other project and investors can earn a very genius APY%. They can also exchange the staked tokens for mining credits, which act as tickets to the mining world. Investors remain in control and it is both a greener and cheaper way to mine BTC.
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Meme Kombat- This game’s excellence could reignite interest in the P2E sector again
It has been a long time since we were excited about this for the release of a P2E game. Meme Kombat ($MK) looks set to become the biggest blockchain game of 2024 thanks to its many exciting features. Investors are already making profits from the dynamic staking system with 78% of tokens already staked.
The game is inspired by one of the greatest combat franchises of all time; Mortal Kombat. However, in Meme Kombat you will be battling with and against the biggest memes from the last 10 years. AI technology will also be utilized to offer a hyper-realistic gaming experience.
Then we have our favorite aspect of the game; the wagering. Not only is the game super entertaining to play but you can also win big by wagering on the fights. Bet against a friend or rival player, against the computer, or even side bet on fight events like what the first move will be.
Launchpad XYZ- If they’re onboarding plan works this project could be huge
When we mention Web 3.0 it automatically conjures the image of crypto in the mind. The two are very intertwined but many projects gloss over the fact that the technology is very new and not everyone is an expert in it. Luckily Launchpad XYZ (LPX) is there for everything Web 3.0.
The platform aims to act as a Mecca of information when it comes to new technology, from beginners to experts you will find everything you need on the platform. It gives investors a grounding in the basics but can also recommend the best projects to invest in and even what the best Web 3.0 games to play.
The platform has ambitious plans to onboard the next 10 million users onto Web 3.0 and if they even reach a fraction of that goal the price of LPX should explode. The Telegram group has already made a lot of profit buying and selling Web 3.0 tokens as this platform shows it means business.
Pikamoon- Another P2E game that may attract a huge amount of players
As we mentioned above we think Meme Kombat will spark a revival for the P2E industry. We think Pikamoon (PIKA) will be another big earner in 2024. The game takes inspiration from one of the most popular gaming franchises of all time; Pokemon.
If the game can attract some fans of the game it could really explode. In the game itself, you will explore 4 different worlds and come across creatures like Pokemon except you will have the chance to mint your own NFT that acts as your very own partner along the way. Players can also earn PIKA by completing tasks in-game.
Conclusion
So to finish up, while we remain positive about the growth of BTC in 2024, Matrixport raises some good points and it makes good sense to look elsewhere. Sponge V2, Bitcoin Minetrix, Meme Kombat, and Launchpad XYZ are all projects that are great alternatives and could see big gains this year.
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
