There has never been a better time to invest in the crypto market. Projects are up all over the market, and it looks like 2024 could be a record-breaking year. Of course, that doesn’t mean that investors can just use their hard-earned cash on any old project and hope to make returns. There are specific projects that could provide investors with a potential 1481% ROI.
We have trawled through the market so you don’t have to and found 5 projects that look set to deliver these can of returns to investors, they are as follows:
Smog Token (SMOG)
Bitcoin Minetrix (BTCMTX)
Sponge V2 ($SPONGEV2)
Scotty AI (SCOTTY)
Ripple (XRP)
All five of these projects look like they are set up to be very successful in March so let’s examine each one now.
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Smog Token- The next big Solana meme coin is here
In recent times, the Solana network has been the place to go for the most profitable meme coins. Smog Token (SMOG) will be looking to replicate the success of Bonk Coin (BONK) which has pumped by 1000s of percent since its inception. The new meme coin looks like it has what it takes, thanks to its dedication to virality and airdrops.
These are the two main features of the project. A massive 50% of the total allocation of SMOG has been dedicated to marketing, so we know we are going to see this meme coin everywhere in the near future. Along with this, 35% of the total coin allocation will go toward airdrop rewards.
We still do not know when the airdrop will be and already there are over 23k holders of SMOG. They are completing tasks every day on Zealy to ensure they earn airdrop points that will shoot them up the leaderboard and put them in place for a big payday when the airdrops come.
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Bitcoin Minetrix- Bitcoin has a looming problem, but this project has the solution
Bitcoin Mientrix (BTCMTX) might not just be successful in its own right, but it also could greatly help the future price of Bitcoin. As the market’s most popular coin continues to become more mainstream, it is drawing more attention from regulators. What is coming under the most scrutiny is the mining of BTC.
The US government is already investigating how much energy the process uses and the results are not likely to be good. If this wasn’t bad enough, those in the crypto community aren’t very fond of the current setup. Because it takes place on such a huge scale, the cost of mining has excluded the majority of investors.
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Luckily, Bitcoin Minetirx provides a cheaper and greener way to mine through a stake-to-mine process. How it works is; that investors must stake their BTCMTX first, and then they can gain rewards or exchange these tokens for mining credits. These credits then allow them the ability to mine and it's a win-win all around.
Sponge V2- Version 2 hoping to build on the success the original has already had
Sponge V2 ($SPONGEV2) could turn out to be a real cheat code of an investment if everything pans out as we expect it to. The people behind Sponge Token ($SPONGE), have found an innovative way to move from one meme token to another.
That way is called stake-to-bridge. How it works is investors that wish to purchase $SPONGEV2 must first purchase and stake $SPONGE, when they do this, an equivalent amount of version 2 is purchased and that will be released when version 1 sells out along with their staking rewards.
Over $10 million worth of the token has already been staked, which shows how big this project can be. Considering that the original pumped by 340% at the beginning and another 500% after staking was added, we think pumping 1481% is very possible.
Scotty AI- This coin could give the market security it so desperately needs
Scotty AI (SCOTTY) is one of those crypto projects that comes along where you think, why hasn’t anybody thought of this yet? Now more than ever, the crypto market needs protection. It is under increased scrutiny and the many breaches of the past are brought up regularly by those wishing to dismiss the market.
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Scotty AI will act as a guard dog for the crypto community if you will. It has two features that epitomize what the project wishes to do. Scotty Chat is a chat companion that will help investors with factors like market insights and help in traversing the cryptocurrency landscape.
Scotty Swap, however, acts as a token exchange and will help investors make informed transactions using state-of-the-art AI technology. The presale is already closing in on $500k raised as clearly the market has an appetite for a coin like SCOTTY.
Ripple- Potential ETF progress means now could be the best time to buy
Ripple (XRP), at the time of writing, is still stuck around the $0.54 mark. It feels like we have been here forever now, as even after the SEC victory caused a pump, it eventually came back down to earth. However, it may actually be a perfect buy-low option.
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We already know what positive ETF news has done for Bitcoin and Ethereum. Well, it looks like Ripple (XRP) would be next in line for a spot ETF. This would almost certainly lead to a bug pump and would mean getting on board now could be very profitable.
Conclusion
As we said in the opening, it's a great time for crypto, but that doesn’t mean investors can’t do their research. The five tokens we have discussed above all have great potential and the first four, in particular, could be on their way to the moon this year.
