2023 was a great year for the crypto market, and as we begin 2024, optimism is high once again. Considering what a bad place the market was in when we started off last year it is a breath of fresh hair to once again be filled with optimism.
Most of the optimism for this year stems from what might be a record-breaking year for Bitcoin. What is good for crypto’s number-one currency tends to be good for the rest of the market, so that is why experts are so optimistic for 2024.
So, with the current climate perfect for investment opportunities, we must ask the question: which cryptocurrencies to buy will give the best return? We have crunched the numbers and believe these 3 coins could skyrocket in 2024.
- Sponge V2 ($SPONGEV2)
- Bitcoin Minetrix (BTCMTX)
- Meme Kombat ($MK)
The above are three presale tokens that all have the potential to be the biggest earners of 2024. The fact they are all presales is no coincidence. Investing in a token before its listings begin can be the difference between a decent return and a massive one. The increased adoption of staking also means that presale investment will give you the best APY%.
So let’s take a deep dive into each project and see why these 3 coins could skyrocket in 2024.
Sponge V2- The exciting relaunch of one of the hottest meme coins in 2023
Sponge V2 ($SPONGEV2) is a bit of a cheat code when it comes to which coins could skyrocket in 2024. The token is actually a relaunch of one of the most successful meme coins of last year. Considering that we will look back on 2023 as the year of the meme coin, it is an impressive achievement to have stood out at all.
The first version of this token was Sponge Token ($SPONGE). Many features make this one of the more interesting projects of last year. The coin was launched in the aftermath of the Pepe Coin (PEPE) craze. As readers will remember, it was PEPE that really ignited the interest in the meme coin market that we now take as a given.
Before Pepe Coin, it actually looked like the meme coin sector was dying out. The number two tokens Dogecoin (DOGE) and Shiba Inu (SHIB), were both struggling, and it had been ages since a popular project had launched. Pepe Coin drove the market crazy as it came from nowhere to pump by so much that it made investors millionaires in no time. After this, everyone wanted to find the next PEPE.
Many turned to an unheard token called Sponge Token. It launched with barely any publicity on Uniswap, which was the sole exchange it was listed on at the time. The meme coin, which is based on arguably the most memed show of all time; Spongebob Squarepants, became an overnight sensation similar to Pepe Coin.
How version 1 paved the way for the future success of Sponge V2
Despite being launched in somewhat of a bearish market the coin still pumped by 340%. It also reached a peak market cap of $100 million. This success did not go unrewarded as the token was listed on 9 other exchanges, including LBank and Gate.io. It also amassed a Twitter (now X) following of 30k, which is very impressive for a meme coin.
Now that brings us to Sponge V2 the exciting relaunch of this meme coin. The project has decided to pursue a very innovative stake-to-bridge system that will help launch the new coin. How this works is that investors will first need to purchase version 1 $SPONGE to be able to be part of this new exciting meme coin.
Once investors stake their tokens, they are locked in, and an equivalent amount of version 2 $SPONGEV2 is also purchased for them. The more tokens you stake and the longer you stake them, the more version 2 rewards you will receive. Once the total allocation of version 1 is sold out, then the version 2 tokens will be available to claim. Keeping version 1 tokens staked will also generate a yield of up to 40% APY over four years.
The main difference between both tokens is version 2 will have an exciting new P2E game that will give the investors a chance to win more $SPONGEV2. The game will also have a free play option so there is fun for everyone. Sponge V2 will have the benefit of launching during better conditions and have the added bonus of the name-brand recognition that version 1 earned. A recipe for success.
Bitcoin Minetrix- A greener and cheaper way to mine Bitcoin that could skyrocket in 2024
We discussed in the opening how 2024 is likely going to be a great year for Bitcoin (BTC), with some experts and ChatGPT even predicting it could hit $100k. While the ETF decision and the halving event will be big driving factors, an underrated positive for crypto’s number one token could be the new project Bitcoin Minetrix (BTCMTX). If its presale is anything to go off, this coin could be huge.
The project itself targets Bitcoin mining which, as readers will know, is a controversial topic. Many environmental groups from outside the crypto world are unhappy with the mining sector because the data centers they use to burn through so much energy. However, what some might not know is this is actually causing problems within the mining community too.
Crypto was set up as an anti-bank movement designed to empower individual investors and give them total power over their own assets. Bitcoin, the market’s stand-out project, is obviously supposed to have a similar ethos. However, as it has exploded in popularity, mining has started to take place on a much bigger scale. Individuals can no longer mine the crypto as it is done on an industrial level scale with data centers full of equipment.
So this is the issue that Bitcoin Minetrix is trying to fix. They are trying to once again make Bitcoin mining possible for individuals. Their solution is a cloud mining and staking combination. Anyone familiar with Bitcoin mining will know cloud mining was the original solution to the issue but has become untenable thanks to the greed of the mining companies.
How adding staking to cloud mining leads to the perfect solution
Cloud mining in theory, is a great idea. Any person who wishes to mine enters into a cash contract with a company that has the facilities to mine Bitcoin. They can then mine themselves or receive a share of the yields. However today, the companies are charging deposits that are much too high and even take a share of the yields themselves. This is the best-case scenario as the sector is overrun with scammers too.
Bitcoin Minetrix has added staking to the cloud mining formula, which puts the power back in the individual’s hands and lets them be in control every step of the way. Staking is the backbone of the project. Investors can stake their tokens and receive a very generous APY, and they can also unstake and sell these tokens whenever they wish.
The third option is what we call stake-to-mine. Staked tokens can be exchanged for mining credits. These credits are burned and exchanged for mining time or a share of the yields. This makes it a greener and cheaper way to mine Bitcoin, so it’s a real game changer. Even those who don’t wish to mine are investing in this project as they see how revolutionary it could be for the market’s main project.
Meme Kombat- Our pick for the most-played P2E game of 2024 means big gains are likely
Readers will be excused for being a little surprised to see a P2E game on this list. The whole sector of the crypto market had a rough 2023 as we didn’t have too many popular releases, and even those that did look decent were overshadowed by meme coins. It is a very clever move then that Meme Kombat ($MK) is a combination of a P2E game and a meme coin.
The project has only made clever moves, in our opinion, as the next one is they have taken inspiration from a very popular traditional gaming franchise. As you may have guessed, Meme Kombat is inspired by one of the most popular combat gaming franchises of all time: Mortal Kombat. This game is also a combat game but with some very entertaining twists.
In Meme Kombat, players will also be battling with different characters in different arenas, however, instead of fighters like those in Mortal Kombat, players will be controlling and battling against some of the biggest memes from the last 10 years. From Pepe to Dodge and Wojak to Shiba, they are all included, and all have unique features and fighting attributes.
AI technology plays a big role in us picking Meme Kombat as our prediction for the biggest P2E game of 2024. It plays a key role in delivering a unique and immersive gaming experience where players will feel in complete control of all their character’s movements. It also has a very key role to play in helping make sure the outcome of fights is decided fairly.
Meme Kombat has one more feature that makes it a winner
This is important because not only will players have endless fun playing the game, but they also be able to wager on the outcome of fights. Players will be treated to an almost sportsbook-like feel if they wish to wager on their battles.
They can bet 1 v 1 against the computer, or they can bet against friends or rival players, and there is even an option to side bet. This is for those who might want something other than direct outcome betting. Players will be able to bet on fight events, like what the first move will be, for example. So, as you can see, the game is just stocked with innovation and entertainment.
A quick look at the ecosystem will also show us that there is more chance for profit here too. Staking is an important part of this project, too, but Meme Kombat has taken the dynamic staking approach. This means the more $MK staked, the more rewards that investors will earn. Given our prediction for this game that means there could be huge chances for big gains as this coin could skyrocket in 2024.
FAQ
What makes people think 2024 will be a good year for crypto?
There are many factors that suggest 2024 will pick up right where 2023 left off. The upcoming ETF decision, the Bitcoin halving event, and the weakening dollar are all factors that could positively affect the market.
If conditions are good, where should I look for investing options?
If you are looking for optimal gains, the presale market is the perfect place to look. All three of the tokens we chose are on presale and could skyrocket in 2024. Their low market cap and low price mean they have low risk but high reward potential.
Which 3 coins could Skyrocket in 2024?
If you don’t want to read the piece above we will give you the low-down. Sponge V2, Bitcoin Minetrix, and Meme Kombat are the 3 coins that could skyrocket in 2024. They are all innovative projects that have unique properties that should lead to explosive gains.
Conclusion
So now you have our definitive list of which 3 coins we think could skyrocket in 2024. As we mentioned in the opening, the reason we have picked presale tokens is that they give the best opportunity for the largest gains. All three tokens also have unique properties that help them stand out from the market and should ensure that they explode in the coming year.
Tags: Cryptocurrency, Insights