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We are now one week through 2024, and as we head deeper into Q1, it looks like conditions could be about to get bullish again. Bitcoin (BTC) pumped early on Monday, and some major altcoins are following its lead. Spot Bitcoin ETF decisions will be made by the SEC later this week, but some experts believe it's already a done deal.
Considering approval could cause the market to explode, it's the perfect time to invest in some low market cap tokens. These have the greatest potential for gains, so we composed a list of the 5 top penny cryptos under $1 poised for a potential 100x surge in 2024.
Let's dive into each project and see why they all have the potential for a 100x surge in 2024.
Meme coins look set to have another big year after their breakout success in 2023. One of the coins likely to lead the charge is Spong V2 ($SPONGEV2), which is the next version of the very successful Sponge Token ($SPONGE)
The original version 1 had some serious obstacles to succeed but still managed to do so. It launched during a bearish market and with little or no publicity on a solitary exchange. That didn't seem to matter, however, as it pumped by 340%, got added to 9 other exchanges, and grew a big social following.
This means version 2 has a chance to be bigger and better. A stake-to-bridge system will ensure a seamless transfer from $SPONGE to $SPONGEV2. Investors will need to first purchase and stake version 1, but when they do, an equivalent amount of version 2 will also be purchased. The more investors stake, the bigger the rewards they will receive once version 1 sells out and version 2 launches.
Readers will know that 2024 has the potential to be huge for Bitcoin. The halving event and the Bitcoin ETF's potential mean Bitcoin could break records this year. Another thing that could help Bitcoin is the Bitcoin Minetrix (BTCMTX) project. It has the potential to change how crypto's number 1 token is mined.
There are big problems at the moment with the mining of Bitcoin. Aside from how much energy the process uses, the cost of mining has also pushed out the everyday investor as they would need to be able to afford to run a data center's worth of equipment to mine.
The solution is a stake-to-mine system that not only lets everyone mine Bitcoin again but is also a greener process. How it works is investors will be able to exchange staked BTCMTX for mining credits. These credits are burned in exchange for mining time or a share of the yields. It is poised for a 100x surge thanks to its potential to revolutionize mining.
The presale of Meme Kombat ($MK) is nearing $6.5 million which is a very high total for a P2E presale. Once you learn about the game, this is no real surprise. The project has managed to create a P2E/meme coin hybrid that we think could have a potential 100x surge in 2024.
The game is inspired by the legendary combat gaming franchise Mortal Kombat, however, in this blockchain version, you will battle with and against the biggest memes from the last 10 years. The AI technology used by the game will also give players an immersive and addictive experience that they will find hard to put down.
Our favorite aspect of the game is the wagering section, which lets players win big betting on their battles. You can bet against friends or other players, against the computer, or even side bet on fight events like the first move. We can't wait to play it, and we're not going to be alone.
The Launchpad XYZ (LPX) presale is nearing $2.5 million raised as it looks like it is finally starting to garner the attention it deserves. The idea behind the platform is to be the one-stop-shop for every possible level of Web 3.0 technology.
The project recognizes that Web 3.0 is a new technology and thu,s there are varying levels of experience with investors. The Launchpad XYZ platform aims to serve every level of investors from beginner to expert. It will advise you on everything from what are the best Web 3.0 projects to invest in to what are the best Web 3.0 games to play.
The project aims to onboard the next 10 million users onto the next technology, which is the ambition we like to see when we look for a potential 100x surge coin. If they even reach a fraction of this goal, it will be hugely profitable. The Telegram group has already been advising members and making them profit so don't miss out on your chance to invest.
We all know that Pepe Coin (PEPE) was the star of 2023 when it came to meme coins. However, since it's unlikely to surge to the top of the market the price has come steadily down. However, some experts believe that if the project can once again create some hype, it could pump once again.
Its initial surge saw it gain a lot of publicity, and this led to it growing a big social media following, including 500k followers on X (formally Twitter). This huge base of supporters means it can always gather momentum again, so buying it at a low price now could turn out to be very savvy.
As we head hopefully toward bullish market conditions it is the perfect time to look at some low market cap cryptos. The 5 top penny cryptos under $1 poised for a potential surge in 2024 we have written about are a great place to start. The first 4 tokens, in particular, all look like they could explode once listings begin.
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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.
