The crypto market is leaving behind a great October but as we enter November many of the major altcoins are bringing decent gains with them. Polygon (MATIC) is one such coin. The project has seen over 18% over the last 30 days, but many are wondering if this growth is sustainable, or has it already peaked?
We will get into that later but first, let’s look at some alternatives that should provide bigger gains in both the short and long-term. For this, we are turning toward the presale market: Bitcoin ETF Token (BTCETF), Bitcoin Minetrix (BTCMTX), Meme Kombat ($MK), and TG.Casino ($TGC) are 3 tokens that stand out from the crowd as they all have unique qualities needed to be a success once their listings begin.
Let’s now take a look at what those qualities are.
Bitcoin ETF Token- A project that should see massive gains with Bitcoin ETF progress
On October 24th, Bitcoin (BTC) had its best period of growth in a 24-hour period in over 6 months when its price grew by 12%. The cause of this? The ticker of BlackRock’s spot Bitcoin ETF, IBTC, was listed on the Depository Trust & Clearing Corporation website. This is considered a very small step in the progression of BlackRock’s application yet it had this big an effect. Imagine what it could do for Bitcoin ETF Token (BTCETF).
That is what this project is banking on. The Bitcoin ETF news first broke early this year and had such an effect on the market that it pulled it out of bearish conditions. Bitcoin ETF Token has positioned itself perfectly to reap the rewards of any future developments. The presale has just begun but already over $385k has been raised and we are heading toward a price increase soon.
The ETF stuff alone makes it a worthwhile purchase but the project also has some good utility. A massive 25% of the total coin allocation will go toward staking, meaning investors can make a very decent passive income. As well as that, another 25% of the total allocation will be eventually burned as project milestones are passed. This increases scarcity and makes BTCETF even more valuable.
Bitcoin Minetrix- Whether you mine or not this token is worth investing in due to its unique use
Bitcoin mining as a business is basically inaccessible now for anyone but the uber-wealthy. Unfortunately, this goes away from the very ethos of crypto, which is built on the underlying foundation of decentralization. Luckily through a combination of staking and cloud mining Bitcoin Minetrix (BTCMTX) is coming to the rescue.
This is why it is such a worthwhile investment. Even if you do not wish to mine, you can be sure that any other investor with an interest in it will be buying up this token. So how does it work? First of all, we have the staking. Like with any other project, once you stake your tokens, you are in complete control. You can unstake and sell at any time or earn a very decent passive income by holding onto the tokens. With this project, there is also a third option.
This is where their stake-to-mine system comes into play. Investors can exchange their staked tokens for secondary ERC-20 tokens, which are called mining credits. These credits are then subsequently burned in exchange for mining time or a share of the yields. This puts the power back in investor’s hands and allows them to mine Bitcoin in a much cheaper and greener way.
Meme Kombat- Battle and wager on this amazing P2E game that pits memes against each other
When it comes to P2E games it has been a long time since we have seen one come onto the scene that has the potential of Meme Kombat ($MK). The presale has now surpassed the $1.5 million raised mark and momentum is really starting to build. As many of you may have guessed, the game has taken inspiration from what many consider the greatest combat gaming franchise of all time; Mortal Kombat.
The difference, however, is that in Meme Kombat you will battle with the market’s favorite meme and meme coins from the last 10 years, from Wojak to Pepe they are all ready to battle. The game has incorporated AI technology into the game to provide gamers with the best blockchain gaming experience. The technology will also be used to make sure the final outcome of battles are always fair and unbiased.
This is always going to be important but even more so when you realize that Meme Kombat is also running a sportsbook-like wagering system. Players will be able to make battles much more interesting by wagering on them. You can bet against the computer, against a friend or rival player, or even side bet on lots of in-fight markets. This added feature is why we think Meme Kombat could be the biggest game of the year.
TG.Casino- A partnership with Telegram could make this the biggest crypto casino
The online gambling industry is exploding across the world. Crypto casinos have also enjoyed huge growth in popularity but still remain in the shadow of traditional online casinos. A lot of this likely has to do with the fact that crypto is still an unknown entity to online gamblers. That is why TG.Casino’s ($TGC) partnership with Telegram is such a clever move.
There is no better way to earn the trust of online gamblers than by creating a Telegram casino. The reason for this is Telegram is a messaging app that is known across the room for its excellent security features. Secondly, anyone with the Telegram app will now be able to access TG.Casino, meaning they have a bigger potential customer base than any other crypto casino on the market. It makes it a major player once listings begin.
The last reason we will be recommending this crypto casino token is its commitment to its customers through staking and loyalty rewards. The casino has committed every day to using a share of its daily profits to buy open market $TGC. From here, they will burn 40% of these tokens, increasing the worth of those already purchased and staked. The other 60% will be used for casino rewards such as loyalty bonuses, and for sustaining the ecosystem.
MATIC’s future possibilities likely depend on bulls and market conditions
As we can see from the below chart, October was up and down for Polygon (MATIC), but as we head into November, it is all good news. The big gains coincided with good market conditions but also the launch of its POL token contract on Ethereum. This will eventually replace MATIC as the network’s new native token. The idea behind this is to level up its customer’s experience.
According to Polygon’s statement the upgrade will “power a vast ecosystem of zero knowledge-based Layer 2 chains” by implementing a “re-staking protocol” that allows token holders to stake it on multiple chains. This upgrade, as they hope it will be, was likely a contributor to the price gains after it was announced on the 25th of October.
How, though, will the coin perform in November? Unfortunately, some experts believe that MATIC may already have seen its best spell. The $0.60 mark is considered crucial but bulls are struggling to maintain the growth. This suggests the appetite might not be there anymore. However, if $0.67 can be broken then we may even see MATIC head toward $0.
So to put a bow on things, we think the more likely outcome for now is that MATIC has already finished its major gains period. Luckily, the three presale tokens we have reviewed above are great alternatives. They all have the chance at huge gains once listed but are available at rock-bottom presale prices. The perfect time to invest is now, while the risk is so low.