Digital assets are able to react quickly to minor changes in the market. The Pepe token was no exception. The developers of Pepe Coin announced the burning of almost 7 trillion coins – the value of the cryptocurrency instantly increased. Over the past week, the digital asset has risen in price by 56%.
As the developers stated, they intend to reduce the number of coins, and the remaining cryptocurrencies to direct to the conclusion of profitable cooperation. Information about this was confirmed by the analytical service Etherscan.
In addition to PEPE, other tokens are also popular in the market. Bitcoin Minetrix and Meme Kombat are on presale, but can grow in value many times after the release on exchanges.
Cryptocurrencies that could fetch 10X before the end of the year:
Each of the coins below hit the market last month. However, the pace of pre-sales clearly shows that both digital assets are in high demand among investors. The reason for the success lies in the real utility of the tokens, as well as the unique features these cryptocurrencies offer to customers:
- Bitcoin Minetrix – a virtual marketplace that provides access to servers for cloud mining.
- Meme Kombat – the ability to play and bet on virtual “fights” to earn cryptocurrency.
Bitcoin Minetrix
First on the list of promising projects is a new startup called Bitcoin Minetrix. Its peculiarity lies in the presence of two interrelated technologies for obtaining coins – mining and steaking. Due to this combination, the initiative is popular among early buyers: during the pre-sale process, the project raised $2.7 million, given that the value of one BTCMTX coin is $0.0113.
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What distinguishes Bitcoin Minetrix from many other early-stage projects is its ability to gain remote access to servers for cloud mining. To do this, users need to buy coins during the pre-sale and place them in the stack. After that, special credits start accruing as a bonus. They cannot be exchanged for other types of cryptocurrencies. However, with the help of such credits, you can buy the necessary amount of hash power for efficient bitcoin mining.
To simplify the operation of cryptocurrency accumulations, the developers presented a special toolbar. With its help, users will be able to determine the steaking period, withdraw tokens or purchase hashrate. Also, the interface-assistant allows you to track the number of accrued digital assets for depositing coins for storage, as well as purchased hash rate.
Another feature is the staking mechanism. Thanks to it, investors will be able to receive BTCMTX tokens. These digital assets are required to work on the interactive online marketplace.
For customers who want to get additional BTCMTX tokens, the developers offer to take part in the Minedrop event. To get coins with a total value of $30,000, investors need to complete a number of tasks that can be found on the site.
To become part of the active community, you need to buy BTCMTX in the presale for $0.0113. This can be done with USDT, BNB or ETH. It is also reported that the asset could rise to $0.0148 in the final presale.
Bitcoin Minetrix is a promising project. The initiative has many features:
- An accessible and useful asset that opens access to BTC mining.
- Opportunity to participate in Minedrop for $30,000.
- A greener and more economical way to mine bitcoin.
- The initial cost of mining is only $10.
Meme Combat
Another promising project is a kind of online arena where users can compete against each other or “battle” with a computer. It also supports a steaking mechanism, and all “battles” on the platform are realized due to the implemented artificial intelligence. At the pre-sale Meme Kombat has collected almost $850 thousand. The digital asset can be purchased for $0.1667.
The main feature of this project is the ability to participate in virtual “battles”, bet on the winner and receive cryptocurrency for it. In this case, you can “fight” not only with friends or random clients, but also with a computer. The developers specially implemented artificial intelligence technology to diversify the user experience and make battles more exciting.
Another part of the MK ecosystem is the steaking mechanism. It can be used right now, as part of the pre-sale. To do so, you need to buy tokens and place them in storage. After that, investors will start receiving bonus coins.
The first season of “battles” will include 11 different characters that are inspired by popular memes. The developers are expected to launch the event as early as December this year.
Investors can purchase MK tokens for $0.1667. To do this, users will need a connected cryptocurrency wallet and a number of other cryptocurrencies -USDT, ETH or BNB.
Meme Combat is an original project aimed not only at real utility, but also at entertaining customers. Features of the development:
- The presence of several seasons, within which new modes of “battles”, in-game items, etc. will be added.
- Available opportunity to start earning from betting.
- Steaking can be participated in right during the presale.
Will Pepe be able to hold on to the bullish trend?
The large-scale burning of Pepe tokens has caused the price of the asset to rise several times. According to the CoinMarketCap portal, this event has led to the coin’s price rising by 56% over the past week and now sells for $0.000001168.
According to experts, such a breakthrough deserves special attention, since in August 2023 there was a large outflow of funds from the wallets of developers. Then the asset lost up to 7% of the price.
Against the background of these events, it can be assumed that the popular Pepe coin is ready for further growth. The reason is that small and large investors are again beginning to show interest in the famous meme asset.
However, it should be taken into account that the coin is still unable to overcome the resistance level despite the big breakout. The digital asset is below the 50-day EMA.
At the same time, some experts believe that the bullish trend unfolding in the market can push the asset to new rises.
Wrap-up
Due to recent market developments, many cryptocurrencies are experiencing a period of significant growth. For example, the meme coin Pepe, which has been declining in value since the summer of this year, is rapidly rising in price. The same goes for those coins that are now in various stages of presale. Bitcoin Minetrix and Meme Kombat are two projects that are in high demand among market participants. They are developing according to the roadmap and have the potential to grow tenfold in value after going public.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
