Competitive advantage matters for those who wish to succeed in crypto trading. Clients can learn about promising coins earlier than their multiple growth begins. To do this, you should join groups on Telegram on the topic of cryptocurrencies. Such communities are usually run by teams of experts offering extensive knowledge and various trading recommendations.
One of the popular groups, trusted by more than 24 thousand investors, is Crypto Whale Pumps. Analysts publish not only listed tokens, but also new coins whose pre-sales have just begun.
Which cheap cryptocurrencies may grow amid the 2023 rally:
Experts suggest that trends in the cryptocurrency market in October will lead to a strong bull run later in the year. Crypto-enthusiasts have come up with a name for the current scenario – Uptober. Analysts are betting on new pre-production projects with high utility.
- Bitcoin Minetrix is a transparent platform offering to mine BTC using steaking. The pre-sale raised over $2 million. The token is available for purchase at a discounted price of $0.0112.
- Meme Combat is a crypto-game that will feature meme “battles” with real-time betting and 112% APY. During the ongoing pre-sale, the coin is priced at $0.1667. The investment in the project exceeds $650k.
Bitcoin Minetrix
Bitcoin Minetrix (BTCMTX) is a decentralized cloud mining platform designed for investors who do not have much initial capital. Any trader can rent computing power and earn rewards in BTC without technical knowledge and with minimal investment.
During the development of cryptocurrencies, the process of mining was simple. Investors could mine tokens with the help of a computer. However, over time, mining became increasingly complex and costly. This has led to the fact that BTC mining is now dominated by large corporations that use ASICs and other specialized devices. Currently, mining has become inaccessible to regular users.
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To address this disparity, the concept of cloud mining has emerged. This option is cheaper, but is characterized by less security. Many platforms providing such services are centralized and cheat investors.
The developers of Bitcoin Minetrix aim to solve these problems. Any investor can participate in mining by buying BTCMTX tokens. This is the project’s own coin. The assets then need to be sent to an Ethereum-based steaking smart contract to earn ERC-20 credits. These are used to purchase mining power, which results in BTC rewards.
The BTCMTX pre-sale, which launched on September 26, has already raised over $2 million in investment. The initial and current value of the coin is $0.0112. The altcoin will go up in price by the end of the presale.
Project features:
- To get access to mining, you need to invest $10.
- The platform has no analogs on the market, which can increase the value of the BTCMTX coin.
- Control over the assets is in the hands of the investor thanks to the dashboard.
Meme Combat
Meme Kombat (MK) is a platform built on the Ethereum blockchain that provides a new way to generate income in the meme coin niche. Developers have integrated artificial intelligence into the Play-to-Earn (translated as “Play and Earn”) ecosystem to animate “battles” between iconic meme characters. Holders of MK (the project’s own token) can bet on these events, earning additional coins and rewards.
Meme Kombat is designed to appeal to a diverse user base, from gamers to experienced crypto traders. Participants in the project can capitalize on both the growing trend of gamification and stealthing. By placing MK in the pool, investors receive passive income – 112% per annum.
The platform will launch its first season after the pre-sale is finalized. Pepe, Doge, Floki, Sponge and other characters from the meme token segment will meet in “battles”. The second season will introduce viewers to additional “battle” formats and reward structures. This progress underscores Meme Kombat’s commitment to continuous innovation and is expected to further increase user engagement.
The pre-sale has attracted significant investor attention. In a matter of weeks, over $650k has been invested in the project. Perhaps now is a good time to invest in MK, given that its current value is $0.1667. Investors who bought the token during the presale also benefit from the automatic placement of coins in the staking pool.
Benefits of the cryptocurrency:
- Benefits both players and investors, contributing to the sustainable development of the project.
- Offers different betting modes, allowing viewers to increase their chances of winning.
- Each transaction is conducted in a chain, guaranteeing transparency and fairness of the bouts’ outcomes.
What other cryptocurrencies do big investors consider promising to buy in October?
In addition to new coins, the creators of the Crypto Whale Pumps group highlight 4 other altcoins that have the potential for further growth. These include ROI (up 65.5%), ETH (up 4%), CAPY (up 61%) and LINK (up 9%).
Other analysts are also sharing their predictions for the current month and pointing out promising tokens. According to statements by Grayscale and JP Morgan, now is a good time to accumulate Ethereum cryptocurrency (ETH).
Among the arguments that experts cite in favor of this opinion is the expansion of options for using the Ethereum blockchain. For example, the network is more actively starting to be used for cross-border transfers and real-world asset (RWA) tokenization.
Asset management firm ARK Invest believes Bitcoin (BTC) could rise in value in the near future. The firm’s latest report shows that the bitcoin price closed September slightly below its 200-week moving average. For this reason, experts predict that the coin will make a breakout above resistance levels and confirm the start of a bull market soon.
Santiment, a blockchain analytics portal, has named 4 crypto assets worth keeping an eye on this month. The list includes Fetch.ai (FET), Loopring (LRC), Ren (REN) and Virtua (TVK). The platform emphasizes that the demand for these coins on exchanges is growing. Moreover, according to Santiment, high supply usually implies a higher probability of future volatility.
Wrapping up
For users who wish to diversify their portfolio and invest in new cryptocurrencies, pre-sales may be a suitable option. Tokens sold as part of a presale have a reduced cost and a high level of potential returns. However, the challenge is to determine which presales are worth investing in.
Telegram group Crypto Whale Pumps analyzes and provides up-to-date information on market trends and new tokens. The experts recently published a post where they noted Bitcoin Minetrix and Meme Kombat as promising projects.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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