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Cryptocurrencies are known to spike when investors pay attention to them. Two major altcoins that many investors are focusing on are Solana and Toncoin.
However, SpacePay's SPY token is likely to outperform these cryptos in the bull run due to its unique offerings.SpacePay is solving major cryptocurrency problems, positioning itself as a potentially major player in the crypto industry in the years to come.
It is common knowledge that increased adoption of a crypto project makes it more valuable as it becomes available to many users. The SpacePay solution was created to increase the speed of cryptocurrency adoption, setting its SPY token up for a major bullish rally.
Let's look at how SpacePay solves the problem of crypto adoption.
Many business owners do not accept crypto payments because of volatility. They fear its price could dip, meaning they might lose money even though the customer pays the full amount.
SpacePay's solution protects against price volatility by ensuring that merchants receive the agreed-upon amount no matter the fluctuations that happen within the transaction. When customers pay in cryptocurrency, the merchant receives the funds in fiat currencies.
SpacePay is compatible with more than 325 wallets, which helps it leverage already established solutions to gain global reach.
The platform also provides cost-effective and efficient service for customers and merchants, ensuring no hidden fees when making transactions. The solution charges around 0.5% per transaction, making it cost-predictable and transparent.
This project allows users to transact using varieties of cryptocurrencies, giving them many options. They can use Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), and merchants get paid in their local currencies.
SpacePay also ensures instant settlement with zero waiting time. It does not have long processing times and delays like many traditional payment systems, making it an efficient option for businesses that need instant payment.
SpacePay's SPY token is also useful for various functions within the ecosystem. It will be used to pay loyalty airdrops every month for the most active wallets on the crypto project platform.
The token also gives its holders voting rights to make decisions on major activities within the ecosystem, including innovative feature ideas and token-related decisions.
SPY holders also have early access to new features before they are ready for the general public, giving them early users advantages and the chance to provide feedback on how they prefer the feature to be.
They also share in the platform's revenue as passive income. This means they not only stand to benefit from potential spikes in SPY's value but also receive income as the community and platform grow.
SPY holders can participate in quarterly Connect webinars to discuss matters with the SpacePay leadership team. This activity is intended to build transparency, trust, and empowerment in the community.
SPY is currently selling at $0.00176 in the ongoing presale and will increase as the presale progresses.
The presale's low cost allows early investors to buy the project at the potentially lowest price possible before SPY price spikes following its launch.
To buy the token, interested participants should visit the SpacePay presale page, where they can connect their decentralized wallet. From there, they can buy the SPY token with ETH, BNB, MATIC, USDT, AVAX, and BASE. After that, they can swap their preferred token for the SPY token.
Toncoin has grown to be one of the major blockchains, attracting the attention of investors looking for the next big opportunity in crypto. This attention was part of the major triggers for one of the most successful token launches this year, Notcoin’s.
Between January and June 2024, Toncoin spiked by more than 300% from around $2 to $8.3. Before then, the price had been trading sideways, with a resistance of around $2.8 and a bottom of $0.8.
The increased attention on Toncoin has made its price spike very high, even reaching its all-time high in June. The renewed attention to this token has set it up for a major spike in the bull run.
Solana is known for being a market leader during bullish runs. In the last elongated rally in the crypto space, SOL started to spike earlier than all other major blockchains.
It all started when BONK, a Solana-based token, began a major increase in September 2023, but many altcoins did not join this rally until October.
Between September and March, Solana spiked by more than 1,000%. Also, many Solana-based tokens, especially meme coins, had major rallies.
Solana is popular for its speed and scalability, which makes it a big draw for projects and developers. Because of this, Solana often sees a significant increase in value during alt-seasons and bull runs.
There is no doubt that Solana is one of the major forces to look out for when the bull run starts; however, SPY's offerings look strong and this could make the token outperform Solana and Toncoin in the upcoming months.
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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.
