Top Altcoins for a Profitable Week Ahead - Eyes on Dogecoin (DOGE), Solana (SOL), and New Crypto Gems for Potential Big Gains This Week!
Crypto investors are scrambling to take advantage of the last week and a half of November as the month has yet again proven to be one of big gains for the market. Traditionally December is a little more unpredictable but before we get there, the penultimate month still seems to have some juice left in it.
Dogecoin (DOGE) and Solana (SOL) have enjoyed profitable months and we will see if that can continue for the last week and a bit. However, the main focus of this piece is going to be on new crypto gems that look like they will outperform both projects. Bitcoin ETF Token (BTCETF), Bitcoin Minetrix (BTCMTX), Meme Kombat ($MK) and TG.Casino ($TGC) are all poised for big breakouts very soon.
So, let’s get into what we think makes them great investment opportunities.
Bitcoin ETF Token- Potential for well over 100x gains if everything goes to plan with ETF applications
One of the biggest driving factors of the crypto market's good performance lately has been the progress of Bitcoin ETF applications. BlackRock and some of Wall Street's largest asset management firms have applied with the SEC and rumors suggest everything should go as planned. Bitcoin ETF Token (BTCETF) is perfectly positioned to capitalize on these future positive developments.
The effect of the ETF applications can already be seen very clearly in the market. Once BlackRock announced their initial plan to proceed with a spot Bitcoin ETF the whole market got a boost. A further positive update in regards to their application on October 24th saw Bitcoin pump by 12%. The difference in price and market cap between Bitcoin and a new presale token like Bitcoin ETF Token means its scope for gains is huge.
The presale has already raised over $1.2 million in just over 2 weeks as clearly investors are seeing its potential. The project will also have a strong staking pool and rewards scheme that will see 25% of the total allocation of BTCETF dedicated to this. The APY will be very generous giving investors a chance at a healthy passive income.
Bitcoin Minetrix- Putting the power of Bitcoin mining back in everyday investor's hands
It is a strange situation in many ways, but Bitcoin’s massive success in recent years has actually caused more issues with its mining. Energy use aside, you can now only mine Bitcoin if you are uber-wealthy and have access to a warehouse-sized space worth of mining equipment. This hurts crypto's very ethos of decentralization. Luckily Bitcoin Minetrix (BTCMTX) has the solution.
Through a combination of staking and cloud mining, they will put the power back in investor's hands through a cleaner and cheaper way to mine. It seems like investors are already starting to buy in too as the project has already raised over $4.2 million during its presale.
The project relies heavily on staking and like any other project, investors can earn a decent passive income by staking their tokens or they can unstake and sell at any time. The third option is they can exchange these staked tokens for mining credits. These credits are then burned in exchange for mining time or a share of the yields. A simple process that lets everyday crypto investors mine once again.
Meme Kombat- We can’t wait to play this P2E and meme game crossover and try to win big
The excitement around the launch of Meme Kombat ($MK) is really starting to build. The presale has already raised just under $2 million and it looks like we could have a contender for the best P2E game of 2023 on our hands. Inspired by one of the most famous fighting games of all time; Mortal Kombat, Meme Kombat has one crucial difference when it comes to its character selection.
Instead of playing with characters from that game, players will be battling with the market's favorite memes from the last 10 years, From Pepe to Doge they are all available and ready to go to war for you. AI technology plays a big part in contributing to a great in-game experience and it also helps decide the outcome of each battle to make sure it is fair.
That’s especially important when you realize that you can also wager on these fights! Meme Kombat has set up a whole other way to make some cash alongside their staking pool. Players can bet in all sorts of ways including against the computer, other players, or even their friends. Odds are updated and allow for big payout possibilities.
TG.Casino- The crypto casino dedicated to rewarding their loyal customers
Crypto casinos have been on a big come-up in the last few years as the online gambling world continues to explode. TG.Casino ($TGC) is still relatively early in its presale but has already raised over $2.8 million as there seems to be a lot of excitement about the potential of this product. A lot of that we imagine stems from its commitment to rewarding loyal customers.
A massive 25% of the total amount of $TGC will be dedicated to staking and casino rewards but that's not all. Every day, using casino profits, the project is going to buy open market $TGC. 40% of this amount will be burnt which creates scarcity and makes the already purchased and staked $TGC more valuable. The other 60% will be used to sustain the casino with things like loyalty bonuses.
TG.Casino is also going to be a Telegram casino . They have partnered with the messaging app so that the casino will now be hosted by it. The doors this unlocks for the casino are almost unlimited. Of course, they get all the benefits of an app best known for its security but also the massive potential customer base that is now available to them.
What does the short-term future look like for DOGE and SOL?
Both Dogecoin (DOGE) and Solana (SOL) have been performing well over the last 30 days. Doge has had some small gains but it looks like traders are now turning to it again whereas SOL has seen over 100% gains in the last 30 days.
In terms of moving forward, buyers are struggling to keep Solana above $59 and after yesterday's performance, investors may be jumping ship as the bears start to win. The $0.08 mark is the battleground for DOGE but some analytics indicate that better days may be ahead for the meme coin so it is the better investment of the two for now.
Conclusion
So to finish up, although SOL and DOGE have performed well over the last 30 days there are question marks over both of their future production possibilities. The four presale coins represent much better investment opportunities for now. They all have the properties necessary to be a success and we see it happening before the turn of the year.
Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.
