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With bulls on the horizon, investors are looking for tokens that offer promising returns. Pointing to the next cryptocurrency Exploiting offers an advantage to astute traders. As such, Insidebitcoins carefully examines the cryptocurrency market to highlight specific cryptocurrencies that are expected to see substantial growth.
The next cryptocurrency to explode
Altcoins are taking center stage, creating ripples throughout the cryptocurrency market. This article highlights coins known for their high liquidity and attractive use cases. Solana, for example, has launched new tools that benefit developers and companies, which has caused an increase in the price of the token. Additionally, Conflux Network has recently introduced an EVM-compatible Bitcoin Layer 2 (BTC L2) solution.
1. Solana (SUN)
Solana is currently priced at $92 and has shown a positive trend in the cryptocurrency market. The cryptocurrency has a market capitalization of $1.10 billion, securing its position as the fifth-largest digital currency by market capitalization. However, there has been a slight drop in 24-hour trading volume, now at $1.4 million.
Additionally, Solana has introduced new tools for developers and companies to improve tokens. The cryptocurrency is currently in a neutral position based on market sentiment. Additionally, SOL's fear and greed index is 64, indicating greed among investors, suggesting increased buying activity.
Token extensions in Solana reduce engineering time, allowing developers to focus on building advanced token functionality in their products ๐ช
Learn more and start creating token extensions ๐ https://t.co/0rHnxZUcAl
โ Solana (@solana) January 26, 2024
Furthermore, the highest price of the token was $259.52, while the lowest was $0.503701 in May 2020. Since then, it has proven to be resilient, and the lowest price since its peak was $8. .12 dollars. Despite a recent 13% drop, Solana recovered, demonstrating its ability to cope with changes in the market.
Furthermore, Solana has seen an impressive 287% price increase, outperforming 92% of the top 100 crypto assets. It has also demonstrated positive performance compared to the sale price of its token.
Solana is currently ranked #2 in the Proof-of-Stake coin sector and #2 in the Solana Network sector. Likewise, the coin is ranked number 4 in the Layer 1 sector and has high liquidity based on its market capitalization.
2. Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix operates on a Stake-to-Mine system, using smart contracts on the Ethereum blockchain. This mechanism allows investors to stake and burn tokens to gain mining power. The project is distinguished by a substantial stake of over 400,000 BTCMTX tokens, offering an initial annual percentage yield (APY) of 103.225%.
The token distribution strategy allocates 42.5% to mining operations, emphasizing the commitment to building a strong infrastructure. An additional 35% is allocated for marketing and expansion, while 15% rewards the community and the remaining 7.5% is allocated to staking rewards.
Additionally, this strategic token distribution aligns with the platform's focus on strengthening mining infrastructure and fostering progressive growth. Additionally, BTCMTX has raised $9,580,880.39, exceeding the target of $10,326,940. Additionally, investors can participate using Ethereum (ETH) or Tether (USDT) with a minimum investment of $10.
#BitcoinMinetrix He has successfully raised over $9,400,000! ๐ช pic.twitter.com/4jFDiFu5wJ
โBitcoinminetrix (@bitcoinminetrix) January 26, 2024
Additionally, the staking system is designed to alleviate selling pressure once the tokens reach exchanges, presenting significant growth potential. A striking appearance of Bitcoin Minetrix is its contribution to Bitcoin's hash power, improving the overall security of the network.
Visit the Bitcoin Minetrix pre-sale.
3. Confluence (CFX)
Conflux Network recently introduced an EVM-compatible Bitcoin Layer 2 (BTC L2) solution. Its goal is to leverage the reliability of Bitcoin to improve the capabilities of Conflux. This move is a step forward in improving blockchain compatibility.
Additionally, this integration uses proof-of-stake (PoS) consensus on Conflux, which serves as a trusted Bitcoin oracle. It provides complete metadata about the Bitcoin network through internal contracts, including the Merkle root of all qualified enrollments.
This article explores how Conflux's Bitcoin Layer 2 integration revolutionizes asset management and network security on blockchain.https://t.co/enWw1cItGy
๐ Proof-of-stake (PoS) consensus acts as a trusted Bitcoin oracle.
๐ Full metadata connects Conflux and...
- Conflux Network Official (@Conflux_Network) January 25, 2024
This functionality allows on-chain contracts on the Conflux network to access and respond to events on the Bitcoin blockchain. Additionally, this Layer 2 network facilitates seamless Bitcoin transfers and supports enrollment-driven assets between the Conflux blockchain and the Bitcoin ecosystem.
Since the announcement of Conflux, the native token CFX has shown positive movements in the market. With a current price of $0.2232, the coin saw an intraday rise of 3.73%, surpassing the 200-day simple moving average (SMA). Furthermore, CFX price has increased by an impressive 205%, outperforming 84% of the top 100 crypto assets.
Furthermore, CFX has outperformed Bitcoin and Ethereum in this period. The token's fear and greed index indicates a greed stance at 55 and investor sentiment is bullish. Conflux Network's circulating supply currently stands at 3.65 Billion CFX out of a peak supply of 5.28 Billion. The annual supply inflation rate is 74.70%, generating 1.56 billion CFX last year.
4. Helium (HNT)
Helium currently stands at $7.46, showing an active trading volume of $10.19 million in the last 24 hours. The recent collaboration between Helium and Telefรณnica has sparked interest. This integration focuses on implementing Helium Mobile Hotspots in Mexico to improve mobile coverage in specific areas.
This partnership aims to improve mobile services for selected customers in Mexico City and Oaxaca. As a result, HNT, the token associated with Helium Network, has seen an uptrend. HNT is currently trading at $7.81, indicating an increase of 5.31%.
Furthermore, the price has increased by 166%, outperforming 81% of the top 100 crypto assets. The circulating supply of helium is currently 160.52 million HNT out of a maximum supply of 223 million. With an annual supply inflation rate of 20.20%, approximately 26.97 million HNT were created last year.
Helium occupies the 18th position in the Ethereum token sector (ERC20) and the 32nd position in the layer 1 sector. What stands out is the performance of HNT compared to tokens such as Bitcoin and Ethereum, demonstrating its potential in a field competitive.
Trading above the 200-day simple moving average suggests a continued upward trend. Furthermore, HNT has had 15 consecutive green days, contributing to 50% of the period and instilling optimism among investors.
๐ฑMajor Update: Helium HNT Wallet v2.6.2 (Android and iOS)
Version v2.6.2 focuses on resolving bugs and improving the process for claiming rewards from locked positions. You can now directly participate in Helium governance and the management of locked tokens from Helium...
- Helio๐ (@helio) January 25, 2024
Investors are closely monitoring these indicators and speculating on the possible continuation of HNT's growth. The collaboration with Telefรณnica and the project's positive trends make Helium an intriguing asset in the crypto space.
In other Crypto news, FTX is ditching crypto assets and cash accumulation. The decision comes as bankruptcy advisors diligently explore avenues to refund users whose accounts have remained frozen since the platform's demise.
Read more
New crypto mining platform: Bitcoin Minetrix
- Audited by Coinsult
- Secure and decentralized cloud mining
- Earn free Bitcoin daily
- Native Token on Pre-Sale Now โ BTCMTX
- Staking Rewards: Over 100% APY
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