2024 will bring some of the most significant changes in history to the crypto markets. Bitcoin ETFs went live in January, the world is waiting for the release of CBDCs, and the next Bitcoin halving event is just around the corner. Moreover, the U.S. presidential elections will also happen in November, historically hugely influencing overall crypto market sentiments.
However, there are other crypto trends most investors are unaware of, and we’ll cover the top three that will have the largest impact on crypto markets. We’ll also introduce emerging cryptos with the highest growth potential, including Bitcoin Minetrix, Sponge V2, Meme Kombat, and eTukTuk.
1. FTX Plans to Pay Out Investors Entirely
The FTX scandal last year had a massive negative influence on overall market sentiment, especially after the news broke that the world’s second-largest exchange lacks billions of dollars needed to cover the losses it made due to illegal asset management. While the owner, Sam Bankman-Fried, still awaits trial, a new plan is supposed to make investors whole again.
The great news has been welcomed by investors worldwide, as now they can cover their losses. The repayment plan will be made in the value of cryptos as it was at the time of bankruptcy, during which BTC was valued at around $20,000. It’s significantly less than now, but the effort to repay investors is still excellent news that could help increase trust in cryptocurrencies again.
2. Analysis of Environmental Effects of Crypto Mining
It’s a well-known fact that crypto mining uses a lot of energy and has a negative impact on the environment. Crypto mining is again under scrutiny, but the U.S. Energy Information Administration leads the investigation this time. The organization will track the electricity consumed by cryptocurrency mining companies operating across the U.S. The survey will launch in February and will focus on numerous Bitcoin miners. The investigation aims to provide accurate reports on Bitcoin mining energy consumption, estimated at a whopping 127 terawatt-hours (TWh) worldwide.
3. Wider Adoption of Cryptocurrencies and Tokenization
TradeFi institutions are officially adopting blockchain technologies, resulting in the broader adoption of cryptocurrencies in 2024. Aside from the introduction of Bitcoin ETFs, the trend of new tokenized products is growing exponentially. In other words, digital assets are becoming a viable payment option for many tangible world assets, a process that will only speed up moving forward.
For example, the Boston Consulting Group estimates that the tokenized market will surpass $16 trillion. A survey done by Celent proved that 91% of institutional investors are interested in investing in tokenized assets. Over 97% agree that tokenization will redefine the entire financial industry and wealth management. Tokenomics will soon become a mainstream financial service, revolutionizing the whole industry.
Cryptos to Lead the Market Boom of 2024
To get a head start on the ongoing crypto revolution, you must invest in digital assets, resulting in the highest returns. So, let’s look at some of the best-emerging cryptocurrencies that could explode in the next few months.
1. Bitcoin Minetrix – Cloud-Based Bitcoin Mining Platform
Bitcoin Minetrix is an emerging crypto platform that will go live with perfect timing. It’s a cloud-based BTC mining platform designed to make mining Bitcoin safe, simple, and accessible to the average user. Bitcoin Minetrix has a Stake-to-Mine reward system that allows users to earn nonfungible mining credits for renting out remote mining machines.
The platform solves the biggest challenges of mining BTC, like massive hardware and electricity bill costs, in one sweep, providing users with the simplest BTC mining option on the market. The ongoing BTC MTX token presale has raised over $10.3 million already, so visit the site today and grab yours to earn the biggest returns in the future.
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2. Sponge V2 – New Version of Last-Years 100x Meme Coin
If you missed your chance to invest in $SPONGE tokens in 2023, which had gains of over 5,000%, you can now invest in the new version called Sponge V2, which is likely to repeat and possibly even surpass its predecessor. The new token version offers higher utility as it’s built around a Mario Kart-like Spongebob-themed game.
However, there is no official presale event. Instead, you can only get Sponge V2 through a Stake-to-Bridge reward system that requires you to purchase and stake original $SPONGE coins. Invest today and become a part of the next 100x meme coin community.
3. Meme Kombat – High Utility P2E Battle Arena Meme Coin
Meme Kombat is another meme coin poised to make huge gains in 2024 and beyond. It combines features of three growing industries – gaming, cryptocurrencies, and online casinos. The game is built around an AI-powered battle arena where you can choose one of multiple available meme characters and watch them fight it out in wild battles.
You must stake a portion of your MK tokens before every match, and if you win, you get higher returns. You can also earn tokens by betting on random battle outcomes. MK tokens are available in a presale that raised over $8.2 million, so invest today to get the most out of your investment.
4. eTukTuk – Revolutionary Platform to Redefine the Growing TukTuk Transportation Industry
eTukTuk brings a rEVolution to a 270 million-strong transporting industry across the world. It aims to use blockchain technologies to help build a sustainable electric vehicle transportation and charging system worldwide. The goal is to help reduce the number of IEVs on the road, reduce pollution, and increase overall air quality.
The platform’s powered by the $TUK token you can earn by playing a P2E similar to Crazy Taxi. The tokens are available in presale, which raised over $800,000. Invest today and help build a better world for future generations.
Final Words
You may have missed the three trends mentioned above, but they will likely hugely influence crypto prices in 2024 and beyond. You might have missed cryptos like Bitcoin Minetrix, Sponge V2, Meme Kombat, and eTukTuk, too, so make sure to visit their official websites and invest today to get the highest returns in the future.
