Things aren’t looking good for Terra (LUNA) and Terra Luna Classic (LUNC).
Earlier this week, the famous crypto platform Crypto.com announced that it would officially be delisting LUNC and LUNA in the upcoming period, leading to a huge Terra plunge for investors.
Both tokens saw a 20-25% drop in value and analysts believe this is just the beginning.
In a situation like this, investors are looking for a profit token elsewhere – and they might’ve found it in Bitcoin Minetrix ($BTCMTX), Sponge V2 ($SPONGE), and Meme Kombat ($MK).
These presale coins could bring up to 100x returns after listing, so let’s check out what the hype is about!
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LUNC & LUNA in Trouble as Crypto.com Confirms Delisting – Here Are the Tokens You Should Focus on Instead
The Terra community was unsettled by Crypto.com's confirmation of LUNC's delisting, which led to a noticeable drop in market value for both LUNC and LUNA.
To be precise, Terra Luna Classic (LUNC) dropped by nearly 30% in the last 7 days.
At the same time, Terra (LUNA) saw a downtick of around 25% in the last 7 days.
This development, communicated to investors, initially sparked concerns about the authenticity of the message and the possibility of it being a phishing attempt. However, Crypto.com has since verified the news, though without much detail, leaving many in the community waiting for a comprehensive official statement.
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The timing of the delisting is also important as it came just hours after Terraform Labs sought Chapter 11 bankruptcy protection in the US.
This move has intensified the trouble for LUNC holders, who are now torn between selling their assets and holding out for more information.
With all of this happening, what should LUNC and LUNA investors do to revive their portfolios?
According to analysts, it may be a good idea to start focusing on presale coins like Bitcoin Minetrix ($BTCMTX), Sponge V2 ($SPONGE), and Meme Kombat ($MK).
Let’s get into more detail on these tokens below.
Bitcoin Minetrix ($BTCMTX) Raises Investor Confidence with Stake-to-Mine Approach That Will Simplify Cloud Mining
Bitcoin Minetrix ($BTCMTX) is transforming cloud mining with a more accessible approach and it’s already raised over $9 million in its presale.
Central to Bitcoin Minetrix's innovation is the tokenization of cloud mining. By staking $BTCMTX, the platform's native cryptocurrency, users gain an opportunity for passive income.
This method is cost-effective as it utilizes established cloud mining companies' infrastructure, reducing individual miners' expenses.
Another unique aspect of the Bitcoin Minetrix ecosystem is its cloud-mining credit system.
These non-transferable ERC-20 tokens, given to users who stake their tokens, can be used within the platform for Bitcoin cloud mining. Essentially, by 'burning' these credits, users are allocated time for cloud mining, enabling them to earn a share of the mining revenue.
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Bitcoin Minetrix's solution is designed to combat the scams common in third-party cloud mining services. The platform's $BTCMTX credits offer a straightforward and controlled way for users to generate cloud mining credits.
Sponge V2 Could Repeat the Original $SPONGE Bull Run with Upgraded Version
The Sponge V2 project represents an evolution of the highly popular $SPONGE meme coin, which notably reached a market capitalization of $100 million in the spring of 2023.
This remarkable growth yielded substantial returns for early investors, with some experiencing a 100-fold increase in their investment. Analysts specializing in meme coins are now suggesting that the launch of V2 could potentially mirror this impressive growth.
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Sponge V2 introduces several new elements, and a key highlight is the upcoming play-to-earn game. In this game, players will have the opportunity to race as the character Spongebob Squarepants, earning $SPONGE tokens as they progress.
Another interesting aspect of Sponge V2 is its stake-to-bridge token mechanism.
This approach requires users to stake and permanently lock their V1 tokens to access the V2 token. This strategy not only supports the token's stability but also offers a lucrative staking opportunity for investors.
Additionally, for a limited period, investors who purchase $SPONGE and participate in the staking to bridge will be rewarded with a bonus in V2 tokens, equivalent to their initial purchase amount.
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This presents a unique opportunity for investors to double their $SPONGE holdings through a single transaction.
Meme Kombat ($MK) Is Rising to the Top of the Meme Coin Market with Real-World Utility and Exciting P2E Elements
Meme Kombat ($MK) is a rising star in the world of cryptocurrency, particularly known for its innovative integration of staking and play-to-earn gaming mechanics.
Since its introduction just a few weeks ago, the Meme Kombat presale has garnered significant attention, raising over $7.3 million. This impressive feat underscores its potential and growing popularity among crypto enthusiasts, including both dedicated followers (often referred to as 'degens') and the broader crypto community.
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Meme Kombat distinguishes itself by offering a platform that combines several leading trends in the crypto world: outcome-based wagers, crypto staking, and meme-based gaming in a Web3 environment. This trifecta positions Meme Kombat as a pioneering project that seamlessly merges meme culture with interactive staking and wagering games.
Users can not only earn income through staking but also have the chance to wager $MK tokens on outcomes in the Meme Kombat battle arena, which features battles between 11 different meme characters.
Central to this ecosystem is a distinctive staking system . Early adopters have the opportunity to buy $MK tokens at a discounted rate of $0.279 and can start earning up to 129% APY through staking. It's worth noting that the returns from staking depend on the duration of the stake and the user's level of activity within the platform.
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Enjin (ENJ) Is Gaining Traction Due to Recent Performances
The Enjin project is revolutionizing the NFT sphere by facilitating the creation, distribution, trading, and integration of these digital assets.
Through smart contracts, developers can craft both fungible and non-fungible tokens within this ecosystem.
An interesting aspect of Enjin is its token dynamics: as more custom tokens are minted, a corresponding amount of ENJ tokens are withdrawn from circulation, creating a scarcity that enhances their investment appeal.
Popular projections suggest a potential rise to $1 by the end of 2024 due to increased adoption and demand.
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Conclusion
Terra (LUNA) and Terra Classic Luna (LUNC) are in trouble – but it doesn’t mean your portfolio should be in trouble as well.
While these two altcoins are plummeting, investors have shifted their focus toward new tokens that could make up for the lost money.
According to numerous experts and forecast platforms, the top profit contenders right now are Bitcoin Minetrix ($BTCMTX), Sponge V2 ($SPONGE), and Meme Kombat ($MK).
With all of these tokens currently in the presale phase, investors still have time to capture the low price and maximize their potential profits after listing day!
