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TerraUSD ($UST) is again the highlight of crypto news. And again, the news is bad. The company behind the coin, Terraform Labs, filed for bankruptcy after a bankruptcy suggestion in Terraform Labs vs U.S. SEC lawsuit.
After the news was released, LUNC's price dropped significantly. Hopefully, this situation will not cause significant disruptions in the market, allowing investors to capitalize on their investments. If you still want to invest, there are some crypto alternatives to buy for great rewards. Among these 5 crypto alternatives are Bitcoin Minetrix, SpongeV2, and Meme Kombat, new and bright hopes on the market.
We will tell you more about them, but let's dig deeper into the Terraform Labs situation.
Recently, a federal judge postponed the SEC trial against the company and its co-founder, Do Kwon. The $40-billion cryptocurrency fraud case is linked to the company's collapse. Estimations are that around 280,000 people in South Korea invested in LUNA. Some are accusing the company of fraud and the breach of the local law.
The project had another crash in May 2022, and exchanges started to delist the coin. After the crash, the LUNC price fell, negatively impacting the whole crypto market. According to the estimates, the crash caused a loss of $300 billion in value on the market.
Although Do Kwon shared a recovery plan for Luna, things didn't go as planned. After the bankruptcy news, LUNC's price fell 7% in 24 hours only. The trading volume also decreased by 1%.
So, if you want to invest in crypto now, we suggest you choose more projects to spread risk across the industry. The 5 crypto alternatives to buy now could be your option because they are long-term investments with bright price predictions and massive potential.
Here is more about these 5 crypto alternatives.
If you want to capitalize on the positive Bitcoin sentiment and the upcoming Bitcoin halving, get Bitcoin Minetrix. This project is Stake 2 Mine, allowing you to mine Bitcoin for less without expensive equipment or technical knowledge.
Further, thanks to the staking platform, you can earn passive income. The current APY is 72%, much more than Bitcoin's 10%, for example.
The value of this project lies in its efficiency. Because it saves energy, Bitcoin Minetrix is a green crypto. According to the experts, eco projects will dominate the crypto world. Thus, analysts predict 50x ROI for early investors after the CEX listings. Some traders also think Bitcoin Minetrix will outperform Ethereum in 2024.
Bitcoin Minetrix price predictions expect 900% growth by 2025 and a price of $0.12. By 2030, $BTCMTX should increase by 1,536% and trade at $0.18.
So, if you want massive gains and maximum ROI from your investment, get Bitcoin Minetrix. This top crypto alternative to buy now is on presale, having so far raised over $9 million. The project is close to entering the next presale stage and increasing its price. Fill in your wallet before that happens!
If you missed 100x from SpongeBob Token, you have a chance now. The project team built a V2 token, a new upgraded version of the original token. The only way to get a V2 token is to stake V1. When you stake, you get an equivalent amount of V2 tokens and staking rewards from your locked V1 tokens over four years. The current APY is 287%.
Additionally, after the presale, the project team will release the Play 2 Earn game, which will come in free and paid versions. The free version is perfect if you want to taste the game. The paid version, however, will allow players to earn extra $SPONGEV2 tokens.
This means the new V2 token is offering you a utility. Thanks to this staking and rewards mechanism, SpongeV2 has all it takes to become the best community token of 2024 and the next big meme coin. Price predictions say SpongeV2 will trade at $0.0025 in 2024. Experts also think the project will hit a $100 million market cap.
By 2025, V2 tokens should trade at $0.0060, a 35x gain from the presale price.
$SPONGEV2 is on presale, and you can get it at a 3598.66% higher price than the V1 launch price. This might be your last chance to get a $SPONGEV2 coin before the CEX listings.
If you want to play an exciting game and earn massive APY, Meme Kombat is for you. In the game, you fight to win the #1 spot in the championships.
With the combination of blockchain and AI, Meme Kombat offers a unique gaming experience to players. They can stake their $MK tokens and earn APY, or wager on the outcome of the results, and earn extra tokens.
The current APY is 128%, and early investors expect 50x ROI after the CEX listings with the price increase. Meme Kombat price predictions say $MK will hit $5 after the CEX listings. Meme Kombat should reach $16 by 2030.
Since its launch, Meme Kombat has been on all lists of the best meme projects. Experts predict a massive success because of its rewards system, long-term utility, and price potential. The project is on presale, having so far raised over $7.3 million. Meme Kombat is close to reaching its goal of $8 million in funding. Get this best crypto alternative before that happens.
After a weeklong decrease, Bitcoin's price jumped to $41k. If it keeps increasing, $BTC could go to $44k. Further, a long-awaited halving should happen in April and could recover Bitcoin's price.
Bitcoin price predictions say BTC could hit $42,441.18 in 2025 and $44,563.24 by 2026. By the end of the decade, Bitcoin could cross the $50k mark and trade at $54,166.90.
Although down because of JPMorgan's CEO warning that Satoshi Nakamoto could "erase" Bitcoin entirely, Solana has a bright future. The news didn't affect the coin's future, at least for now. Solana's stablecoin transfer volume hit a new record in January, rapidly reaching Ethereum and its record of $317 billion. Thus, Solana could reach $91.20 in 2025.
By 2030, Solana could grow by 5% and hit 116.40.
Bitcoin Minetrix, SpongeV2, and Meme Kombat are the best crypto alternatives you should buy now despite Terraform Labs' bankruptcy filing. These coins bring long-term utility, massive APY, and bright price predictions.
According to experts, they will be among the best cryptos of 2024. You can get them on presale at a lower price and enjoy your ROI with the first CEX listings (expected to happen soon).
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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.
