We still have over a month to go in Q4 of 2023 but it is never too early to start looking ahead to next year. In particular, it is a great time to look to the presale market in the search for which crypto will explode in 2024.
November has been a great month for the market but after the news that Binance CEO Changpeng Zhao will step down and plead guilty to money laundering charges, we are now staring into uncertain times. During difficult periods, however, there is still always profit to be made. The best place to turn is to promising new coins that have the potential to explode in 2024.
Bitcoin ETF Token (BTCETF), Bitcoin Minetrix (BTCETF), Meme Kombat ($MK), and TG.Casino ($TGC) are four presale tokens we think will explode in 2024. Alongside those, we think Dogecoin could carry on its good form recently into the new year.
So, let’s take a deep dive into these projects and see why we think these cryptos will explode in 2024.
Bitcoin ETF Token- Impending Bitcoin ETFs give this project a chance for massive gains
The Bitcoin ETF has been the Moby Dick of the crypto market now for quite some time. It has always been looked at as something that can take crypto to the next level and make it a much more mainstream market. For so long it felt like a pipe dream but then, earlier this year, that dream became more of a reality.
Before we get into why Bitcoin ETF Token (BTCETF) is a crypto that will explode in 2024, let’s first give some background. ETF stands for Exchange-traded fund. They are a collection of assets whose shares are traded on a stock market. The reason this is so beneficial to the crypto market is that it is just like buying stock or shares so it is much more familiar to mainstream investors. It is also less risky and eliminates the technical know-how needed to invest in crypto.
So what this Bitcoin ETF would do is give the crypto market massive legitimization. There is already clear data that shows that it will also give the crypto market a huge lift. BlackRock, the world’s largest asset management firm, were the first to file with the SEC for spot Bitcoin ETF and this had a domino effect as at least 9 other Wall Street firms have followed suit.
When the news first broke this summer, the market was not in a great place. The news was so powerful it caused Bitcoin and most other major altcoins to pump. Fast forward to October 24th and we had another positive update regarding BlackRock’s application which caused Bitcoin to pump 12% in just 24 hours. This had been its largest price gain in that time period in over 6 months.
So, this is where we bring back in Bitcoin ETF Token. Bitcoin itself is the largest crypto token. It has the highest price and largest market cap making it the least volatile currency historically. If this ETF news is so big it can cause Bitcoin to pump 12% in just 24 hours, then its potential effect on a new project like Bitcoin ETF Token is almost immeasurable. Its low price and low market cap mean it could pump a similar amount to Pepe Coin back in April as more positive Bitcoin ETF news breaks.
This is enough to easily put Bitcoin ETF Token on the ‘which crypto will explode in 2024 list’, but there is more. The project also has utility. 25% of the total allocation of BTCETF will be used for staking. Investors will be able to earn a very decent passive income. This will be boosted by the 25% of BTCETF that will eventually be burnt as it passes through project milestones.
Bitcoin Minetrix- The Bitcoin mining community has been handed a lifeline with this project
Bitcoin mining is one of the most controversial parts of the crypto experience both for outsiders and insiders. People outside of the crypto world for quite some time have been complaining for quite some time about how much energy it uses. Inside, however, there is a different issue that Bitcoin Minetrix (BTCMTX) is going to solve.
Ironically, the more successful Bitcoin has become the larger the problem with mining has also become. Crypto's motto, and of course Bitcoin’s, is decentralization. Taking the power away from the elite and the banks and letting everyone have their say. However, Bitcoin mining is now only done on an industrial level scale which eliminates everyone except the ultra-wealthy. Sound familiar?
Cloud mining was put forth as the solution. This is a method where individuals can enter into cash contracts with those who have the facilities to mine. They then receive a share of the yields. The problem with this now is companies are charging exorbitant fees that make it not worthwhile and the sector is also filled with scammers that give you a taste at first and then refuse to pay out.
Thankfully Bitcoin Minetrix has stepped up to the plate with their solution. They understand that the idea of cloud mining is at its core a good one. They, however, have added staking to the mix to make a stake-to-mine formula that puts the power back in everyday investor's hands.
The staking works just like it does with any other project. Investors are free to unstake and sell their tokens whenever they want, or they can hold onto them and earn a passive income. The APY for Bitcoin Minetrix is quite high compared to other projects so this is a good option.
There is a third option for investors too. They can exchange their tokens for mining credits. These secondary ERC-20 tokens have just one purpose, they are burnt in exchange for mining credits or a share of the yields. Not only is this a cheaper and greener way to mine, it also gives investors the power every step of the way. No hidden fees. No scams.
Meme Kombat- Potentially the most played P2E game of 2024
When it comes to compiling a list of which crypto will explode in 2024, many readers may be surprised to see us include Meme Kombat ($MK) on this list as it is a P2E game. The sector has fallen off a lot this year due to a lack of intriguing releases but also due to the explosion in popularity of meme coins which has stolen away a lot of attention.
That is why Meme Kombat ($MK) is very clever for coming up with a project that combines both a P2E game and memes. That is just the first in many clever moves the project has taken. As some readers may have guessed already, the game takes inspiration from one of the most famous combat gaming franchises of all time; Mortal Kombat.
We always like when projects do this as it gives them a much higher ceiling for growth. Blockchain gaming is growing but it is still very much a niche market when compared to traditional gaming. By taking inspiration from one of the most popular gaming franchises of all time, Meme Kombat immediately makes its potential player base much bigger than most rival games.
The really clever and fun difference between the two games is that in Meme Kombat you will be entering the battle arena with the market's favorite memes from the last 10 years. Doge, Pepe, Wojak et al are all included so players will have limitless amounts of fun putting the beat down on their favorite and least favorite memes.
The gameplay itself is going to be groundbreaking. This is because, like all new projects that wish to be successful. Meme Kombat has realized the potential of AI and incorporated it into their project to give players a unique gaming experience. The graphics are top quality for a blockchain game as they are really setting a new standard.
AI will also help with the outcome of battles. This is important because there is another great feature of Meme Kombat and that is you can wager on the battles. Players can win big by predicting outcomes vs the computer, fellow players or friends, or even on some cheeky side bets. Side bets allow you to bet on different fight events besides the result. So not only is the game entertaining but players can win big by having a cheeky bet on the fights.
TG.Casino- This crypto casino could rocket up the charts in 2024 thanks to one significant partnership
The online gambling industry is exploding thanks to it being legalized state-by-state over the last few years. Crypto casinos have also been gaining popularity but still remain in the shadow of transitional online casinos. TG.Casino ($TGC) may be about to change that as it could be the first crypto casino to break into the mainstream thanks to an exciting partnership.
Before we get into the partnership we are going to talk about some other benefits that people may not realize that a crypto casino like TG.Casino has. First of all, crypto has no borders. Many traditional online casinos have strict geo-policies that will not allow you access if you are not from the right country. With TG.Casino you just need an internet connection and you are ready to go.
Every transaction on the blockchain is immutable and recorded. This stands to every player as it makes TG.Casino a more reliable option when it comes to security and processing. Speaking of processing, crypto casinos like TG.CAsino normally have much faster transaction times. Crypto transactions can take only seconds while with traditional online casinos, you could be waiting days to see your hard-earned funds back in your bank account.
Now to the exciting partnership. TG.Casino is going to be a Telegram casino. This means the project has secured an exciting partnership that will see the casino hosted on Telegram. Millions of people who use the app will now be able to play in the casino. Along with this, TG.Casino gets all the benefits that come with the Telegram app such as their excellent bots and world-famous security and privacy features.
Lastly, TG.Casino is committed to rewarding loyal investors and players. Every day, the casino will purchase open market $TGC using their profits. 60% of this total will be used to sustain the ecosystem with things like bonuses for loyal customers. The other 40% will be burnt which creates scarcity and will be music to the ears of those that stake their $TGC.
Dogecoin- Crypto's number one meme coin could make a comeback in 2024
When we are looking for which crypto will explode in 2024 we think the first four we have written about have the most potential. However, we do also want to sneak in a word for crypto’s number one meme token; Dogecoin (DOGE) which has been making a comeback as of late.
At the time of writing the coin has jumped up over 17% in the last 30 days. There are also string signals that bulls are once again getting involved. The big one however is X (formally Twitter). Musk has threatened for a long time to add DOGE as a payment method to the social media site. If it was to happen in 2024 expect Dogecoin to be one crypto that will explode.
FAQ
Where should I look for the best cryptos that will explode in 2024?
As you can see from our first four selections the best place to look is the presale market. Given that most coins here have low prices and low market caps their scope for growth is much bigger. You can save yourself some time, however, as you won’t find any better options than the ones reviewed above.
Which cryptos will explode in 2024?
This one is for all those too lazy to read the above piece. Bitcoin ETF Token, Bitcoin Minetrix, Meme Kombat, TG.Casino are the four most likely with Dogecoin also being an honorable mention. The four presale coins tick every box we look out for when it comes to potential.
Conclusion
So that concludes our list of which crypto will explode in 2024. The crypto market is always changing but we think these projects all have key properties that set them out from the crowd and should see them explode. Given their low prices and low market caps too, it means that is even more likely.
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.
