The value of Solana (SOL) is down nearly 3% at present after the community crashed. That is simply one other setback for the altcoin that now finds itself down by over 10% during the last 10 days. Sadly, this has began to affect exchanges. Upbit announced it might quickly droop deposits and withdrawals of Solana-based tokens, together with Solana.
We’ll get right into a Solana value prediction a bit later on this article, however first, we need to take a look at some options to the altcoin. For this, we delved into the presale market and located two cash that appear to be they may outperform Solana in 2024.
Bitcoin Minetrix (BTCMTX) and Meme Kombat appear to be they may each pump as soon as listings start, due to their distinctive properties. Let’s check out what these are.
Bitcoin Minetrix-The answer for Bitcoin’s emission drawback
The presale of Bitcoin Minetirx (BTCMTX) has been a scorching subject in crypto media currently because the whales are beginning to push the token towards its arduous cap. It has now raised over $10.3 million and it appears to be like like those that haven’t invested might have to begin pondering of performing quick as the value is rising recurrently.
As all the time, there was a whole lot of hypothesis about how Bitcoin (BTC) will carry out this 12 months. Nonetheless, given the quantity of serious occasions inside and outdoors crypto circles that will have an effect on the token this 12 months, the speak has been louder than ever.
A lot of the focus is on rates of interest and the halving occasion, however Bitcoin Minetrix may very well be a massively constructive drive for Bitcoin as soon as everyone realizes how they might have the answer to the market’s primary tokens mining drawback.
Everyone will pay attention to the criticism that mining crypto, and particularly Bitcoin, comes beneath from environmental teams. The method makes use of a whole lot of power and now the U.S. Division of Vitality is getting involved. They’re going to monitor the BTC mining course of over the subsequent 6 months and future coverage may very well be affected by the end result.
The Bitcoin Minetrix means may very well be the longer term for the crypto market
The mining course of additionally has a whole lot of detractors from inside crypto circles too. Mining of BTC at present nearly solely takes place in huge information facilities that value an unbelievable amount of cash to run. This can be a far shot from the common-or-garden beginnings of mining BTC that allow anybody partake. Now, solely the ultra-rich can afford to take action.
Fortunately, Bitcoin Minetrix’s resolution solves each issues as it’s a greener and cheaper method to mine Bitcoin. Cloud mining was the unique thought to assist extra individuals mine Bitcoin but it surely has now been overrun with corporations charging people an excessive amount of for the precise to mine and scammers.
The Bitcoin Minetrix resolution is to mix cloud mining with staking. The way it works is fairly easy because the staking half is similar as it’s with every other venture. Buyers can stake their BTCMTX and earn rewards, or they will promote their tokens at any time.
There’s a third choice, nonetheless, and that’s to alternate their staked tokens for mining credit. These secondary ERC-20 tokens act as a ticket to BTC mining. Buyers will be capable of mine themselves or get a share of the yields. A less expensive and greener method to mine Bitcoin, that means it might massively affect the crypto market as a complete. That’s why it’s such an ideal different to Solana.
Meme Kombat- An opportunity to make some huge cash from this P2E sport
One other presale that’s actually taking the market by storm proper now could be Meme Kombat ($MK). It’s nearly to go the $8.3 million raised mark and is drawing a whole lot of consideration from crypto whales as properly. The meme coin/P2E sport crossover just isn’t that removed from promoting out, so anybody fascinated with investing must be getting a transfer on.
We predict you’ll all have an interest when you hear all the pieces that this sport has to supply. As we talked about, this can be a distinctive crossover between two totally different sorts of crypto. The P2E sport is impressed by one of many greatest preventing sport franchises of all time: Mortal Kombat.
This blockchain sport seems like a mix of that sport and Tekken, which any conventional sport readers will know is one other cult traditional within the fight sport world. Meme Kombat is a preventing sport too, however the characters would be the market’s greatest memes from the final 10 years.
Dynamic staking paves the best way for revenue
Which means it is possible for you to to play with and towards Pepe, Wojak, Doge, and plenty of others. What’s nice is all of them have distinctive attributes that make each match-up totally different. They’re additionally AI-controlled which actually takes the sport to a brand new stage we’ve got not seen earlier than when it comes to graphics.
Meme Kombat additionally offers gamers an opportunity to win large by means of their wagering part. Gamers will be capable of wager on their fights towards the pc and different gamers. There’ll even be markets for struggle occasions, like what the primary transfer might be. A good way to win some further $MK.
This may be massively precious because the Meme Kombat ecosystem employs a dynamic staking system. This implies the extra traders that stake their tokens the extra rewards there might be. Contemplating a whopping 80% of bought $MK has already been staked, it means gamers could make an enormous return from this sport. One other clear candidate to outperform Solana this 12 months.
Solana- A bleak 12 months in-store, or will it flip a nook?
We referenced within the opening that Solana (SOL) was down over 10% within the final 7 days, which you’ll be able to see from the above chart. That is very worrying for an altcoin the dimensions of SOL has 10% is an enormous quantity for the coin. On condition that that is the community’s eleventh outage within the final two years we predict traders could also be dropping persistence.
As you’ll be able to from this price analysis, the bears are actually profitable the battle for now towards the bulls. Solana could also be price shopping for a bit into the longer term if the autumn continues, however for now, it’s actually a stay-away as this outage doubtless helps the bears win the short-term battle.
So, to summarize, whereas we gained’t utterly write off Solana for 2024, it’s doubtless it’ll undergo a tough patch earlier than issues decide up for the community. Both means, we predict Bitcoin Minetrix and Meme Kombat can comfortably outperform the altcoin in 2024. Each have distinctive properties which can be inflicting their presales to rocket towards their closing purpose and that ought to proceed into their respective listings.