New cryptocurrencies to buy before the next bull market

Cryptocurrencies

After 2022 got mired in a bear market, it seems that a trend change is getting closer. There are concerns that aggressive restrictive policies will continue to haunt the crypto industry, but investors remain optimistic. Excitement is growing thanks to the emergence of new pre-sales.

Presales often reward early investors with well above-average returns. Nevertheless, the decision to buy cryptocurrency is a personal choice that should be made with caution and after thorough research. Tokenomics, development team, community, functionality are the signals to consider when choosing a pre-sale offer.

Below we will analyze several new cryptocurrency projects. According to experts, they have a great potential for growth after the completion of the presale.

New cryptocurrencies that can profit during a bull market

In the case of presales, it is important to act quickly. All the tokens below started their campaigns in September, so they are still available to investors at a low cost:

  1. Bitcoin Minetrix is a new project offering a BTC “mining” mechanism that doesn’t require specialized knowledge or a large investment in installations. Within a few hours after the launch of the presale, the coin has raised more than $100,000, as the ecosystem can be used by anyone. You can buy the token at a favorable cost of $0.011.
  2. Meme Combat is a crypto arena for bouts of the world’s most iconic meme coins. Viewers can bet on fights and get an annualized return of 112%. The proprietary token is available for as low as $1,667 and raised $77k in the presale.

Bitcoin Minetrix

Bitcoin Minetrix (BTCMTX) is a new crypto project that introduces the concept of Stake-to-Mine to the masses. Investors and traders of all levels can participate in the process of “mining” bitcoin without having to install their own equipment and spend large sums of money. Cloud mining also eliminates the danger of losing money when cooperating with third-party companies.

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The project works according to the following principle: an investor buys the platform’s own token, BTCMTX, sends it to staking and earns credits for cloud mining. These then need to be burned to acquire the power to “mine” BTC. This is how the investor gets a stake in the mining process.

Tokenization allows participants to have full control over the funds. BTCMTX can be unlocked and sold on the open market at any time. The project will have its own specialized mobile application, allowing you to perform all tasks in one place.

The Bitcoin Minetrix pre-sale has just started and has raised over $300,000 in a week. Right now, the coin is selling at its lowest price at $0.011. By the end of the presale, it will rise in price to $0.0119. Those who purchase tokens now will get an 8% advantage over those who decide to wait to buy BTCMTX. The merits of the concept are as follows:

  • The desire to limit energy consumption when “mining” bitcoin may lead investors to look for “green” alternatives such as Bitcoin Minetrix.
  • High level of security due to decentralized staking.
  • Ability to mine BTC on a small budget.

Meme Kombat

Meme Kombat (MK) is a new way to combine blockchain technology, artificial intelligence (AI) and crypto-gaming. Leading meme-coins, or rather characters that look like them, will engage in exciting battles thanks to AI visuals and decentralization enabled by belonging to the Ethereum network.

The team aims to create a dynamic gameplay experience. They have developed a clear roadmap and have started pre-selling their own Play-to-Earn token, MK.

According to the white paper, the first season features 11 memes, including crypto market luminaries like Pepe, Floki, Sponge and Doge. Subsequent seasons are expected to feature new characters, bet types, and battle styles. Most importantly, the team will improve the game based on viewer feedback and community opinion.

The key mechanism of the project is betting on battles. Community members can earn rewards and additional MKs if their favorite wins the battle. Moreover, bets can be placed exclusively in the project’s own token. This encourages engagement with the new cryptocurrency and its development in the market.

Despite the fact that this is one of the newest pre-sales, the fees have already exceeded $200 thousand. The current value of the coin is $1,667. The features of the platform are as follows:

  • MK tokens can be sent to staking and earn up to 112% APY (annual percentage yield).
  • Anyone can connect with the founder of the project via a LinkedIn account link available on the token’s official website.
  • The team is pushing an idea that has not yet been introduced to the market, so the altcoin could become popular among digital currency supporters.

Wrap-up

The market has been quite sluggish for most of this year due to the sideways movement of asset prices. The hope for a “soft” Fed policy coupled with the upcoming bitcoin halving has the Web3 community believing in the prospects that could change not just the cryptocurrency market, but the entire financial sector in the near future. In such an environment, it is important to consider market sentiment. According to the fear and greed index, we can see that the latter is winning. Whether it’s BlackRock’s intention to issue an ETF to commercialize cryptocurrencies, corporate adoption, numerous IPOs, the rise of artificial intelligence, or regulatory attempts, there has never been so much discussion around a digital asset class.

Cryptocurrencies with a promising future have a number of their own characteristics, such as innovation and the huge demand they create already due to presale. Any of the coins above can be a good starting point for portfolio diversity. However, everyone makes the investment decision from their personal analysis of the asset and risk tolerance.

It is worth remembering that presale coins should only be purchased from their official website. It is recommended to avoid buying the asset on third-party portals before the coin begins to be quoted on exchanges.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.

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