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The crypto market is enjoying a great November so far as the month that is historically the market's most profitable delivers once again. Two of the major altcoin players Avalanche (AVAX) and Solana (SOL) have been close to the top-performing coins chart all month and have seen significant growth. However, is it now too late to get involved with both of them?
We will answer that question later on in the piece. Meanwhile, there may be better options out there in the presale market. Bitcoin ETF Token (BTCETF), Bitcoin Minetrix (BTCMTX), Meme Kombat ($MK), and TG.Casino ($TGC) all look like they could pump more than any other altcoins on the market before the year is done.
Let's look at why we are so high on these projects.
Anyone who keeps up with crypto news at all will know that the Bitcoin ETF applications from some of Wall Street's largest asset management companies are the big news items at the moment. Bitcoin ETF Token (BTCETF) is hoping to capitalize on positive progression in this area. A Bitcoin ETF has been a white whale for the crypto market for years and now it finally looks like a possibility.
The potential for huge growth is very obvious once we use Bitcoin as an example. When the news of the first Bitcoin ETF application by BlackRock broke, the whole market pumped, and Bitcoin enjoyed a big spike in its price. Fast forward to October 24th and the BlackRock application took another step and Bitcoin pumped by 12% in just 24 hours. Bitcoin ETF Token should be able to pump by much larger amounts due to its lower price and market cap.
Bitcoin ETF Token isn't fully reliant on the ETF news though. The project has also made scarcity and staking valuable parts of the project. Split evenly, 50% of the total allocation of will be burnt or set aside for staking rewards. A 5% burn tax will also be applied to every transaction showing Bitcoin ETF Token's commitment to increasing the value of its coin.
On the surface, this project might seem a little niche but when you see that the presale has already raised over $4.2 million it paints a different picture. That is because even if you mine Bitcoin or not Bitcoin Minetrix (BTCMTX) has a chance to be a revolutionary project and that's what has investors so ready to get involved.
The issue at the moment is Bitcoin mining has gotten away from its roots. Mining now is only done on an industrial level scale and you need to have technical knowledge and access to data centers full of equipment in order to take part in the process. Bitcoin Minetrix aims to allow the everyday investor to mine again through a combination of cloud mining and staking.
Their process can be boiled down to stake-to-mine and here is how it works. Investors can stake coins as usual and are free to earn a passive income or unstake at any time. However, they can also exchange their staked tokens for mining credits. These credits can only be used for one thing; they are burnt in exchange for mining time or a share of the yields. A cheaper and greener way to mine so expect it to pump.
The P2E sector has been struggling as of late. This is because of a combination of a lack of good releases but also meme coins getting a lot of the shine. So, Meme Kombat ($MK) has made a very clever move by combining their P2E game with a meme coin.
Inspired by one of the most popular combat games of all time; Mortal Kombat, this game lets you also fight but with the biggest memes of the last 10 years. The quality of the game will take your breath away too, mostly thanks to how they have used AI to provide the best in-game experience. The technology also helps with the outcome of battles.
That is important because Meme Kombat also lets you wager on battles. This isn't just a side feature; the wagering part of the game is nearly as detailed as a sportsbook. Bet against the computer, against fellow players or friends, or even side bet. Side betting gives you more versatile options as you can bet on fight events like what the first move will be.
Online gambling is a booming industry thanks to its legalization across many more states in the last few years. Crypto casinos are also seeing massive growth and we think that TG.Casino ($TGC) might have the potential to be one of the bets very soon.
Our logic behind this has a lot to do with the fact it's going to be a Telegram Casino. That means TG.Casino will be available to use for the millions of people that already have the app. They also get all the benefits of an app that is world-renowned for its security and privacy features.
The casino is also pushing its loyalty to customers which should attract a lot of new clientele. Every day the project will purchase open market $TGC using casino profits. 60% of this total will be used to reward loyal players and to sustain the ecosystem. The other 40% will be burnt thus increasing the worth of purchased $TGC. This is especially valuable for those who stake their $TGC.
As we mentioned at the beginning, November tends to be the month when the crypto market experiences its best growth period. This time around altcoins have been enjoying the bullish conditions and Avalanche (AVAX) and Solana (SOL) have been two of the best performers, pumping by more than 100% each over the last 30 days.
This could continue into December but if historical trends tell us anything the growth will slow down a lot and maybe even worse. Both could still see some growth but it is likely that the main gains have already been made. However, further positive Bitcoin or Ethereum ETF news could overpower any historical trends and cause both coins to continue to pump.
It feels like in November it is all good news. It really is the best time to invest in exciting projects like the presales we discussed above. Low prices and low market caps mean the greatest chance to fatten your crypto wallets. What's more, is they all have real long-term potential too so locking them down during presale will likely provide the most profitable decision.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
