The Bitcoin ETF hype is really starting to build as everyone seems to think approval will come from the SEC in a matter of days. Once news hits mainstream outlets like CNBC we can almost guarantee that it is just around the corner. It is expected that approval will usher in bullish conditions meaning now is the perfect time to invest before projects start to take off.
The best place to look for new projects before they pump is DeXTools. This is where a lot of crypto projects begin their journeys, and the site even outlines for its users which are the trendiest and hottest projects. Two of the three we think are most relevant because of the Bitcoin ETF news are Bitcoin ETF Token (BTCETF) and Bitcoin Minetrix (BTCMTX).
Without any future delay, let’s examine three must-see new coins listings that are trending on DeXTools.
Bitcoin ETF Token- The perfect project to trend and pump as ETF hype grows
The presale of Bitcoin ETF Token (BTCETF) has really just started, but it already has raised over $1 million as investors recognize the huge potential for gains this project possesses. We are taking a gamble with this one as the presale is still ongoing, but we expect it to trend on DeXTools very soon. We have mentioned this whole ETF hype a lot, but what exactly is it?
The crypto ETF has been a dream for crypto lovers for years now. What it basically does is give a whole new level of legitimization to the whole market. The ETF stands for Exchange-Traded fund and BlackRock, the massive Wall Street asset managers were the first ones to throw their hat in the ring via an application with the SEC.
This had a chain reaction effect, and many other Wall Street firms followed suit. A Bitcoin ETF is a financial product that allows investors to gain exposure to Bitcoin’s price movements without owning the cryptocurrency directly. For investors, it is much more like buying shares and takes away a lot of the technical aspects that currently must be undertaken to purchase the coin.
Why Bitcoin ETF Token can see big returns with from positive updates
So it is Bitcoin’s ticket to the mainstream, but why would a bItcoin ETF Token be so successful? Well, when news of the BlackRock application broke, market conditions were not that favorable, but it had such an effect that it pulled the market out of the bearish conditions, and many major tokens experienced significant growth.
So, a project like Bitcoin ETF Token, which is dedicated to the progress of these Bitcoin ETFs, should see big pumping spells with every development. On October 24th Bitcoin’s price grew 12%, its largest growth period in a 24-hour timespan, just because the BlackRock ticker has a small update in regards to its ETF. This means the scope for gains for Bitcoin ETF tokens is absolutely huge.
Lastly, the coin isn’t solely reliant on the ETF progress. Staking and scarcity are two selling points as well. 25% of the total allocation of BTCETF will be dedicated to staking pools and rewards, which means a decent chance at a passive income. Another 25% of BTCETF will eventually be burned as the project passes through milestones. This scarcity increases the value of the already purchased and staked tokens.
Bitcoin Minetrix- This project will make Bitcoin mining an option for every investor once again
In a strange way, Bitcoin’s success has actually had a negative effect on its mining sector. When Bitcoin first became popular, crypto lovers could mine the crypto from their own homes. Now, due to its popularity, mining is done on an industrial scale, meaning you need to be rich enough to afford a data center full of equipment to mine. Bitcoin Minetrix (BTCMTX) aims to bring back the glory days.
Although this project seems niche, we promise investors will want to be a part of this. The presale has raised over $4 million, showing there is a big appetite for this coin. Even if investors do not directly wish to mine Bitcoin, they can still make a lot of money off the project, as it is likely to solve a big problem with the most popular coin in crypto.
The solution they propose is a mixture of cloud mining and staking that leaves us with a stake-to-mine method. Cloud mining was originally supposed to do the job Bitcoin Minetrix will do. The idea was for investors to enter into a cash contract with companies that allow them to mine. However, the fees being charged are way too high, and the sector is full of scammers ripping off investors.
How stake-to-mine gives the investors all the power
So how does the stake-to-mine system solve this? It ensures that investors remain in control of the process throughout. Staking is the backbone of the project and this part works the same as any other project.
Investors can stake their tokens immediately after investing and are free to unstake and sell them anytime they wish. They can also earn a very decent passive income from staking, as the APY currently stands at a healthy 148%. They can also choose the stake-to-mine option.
his involves trading your staked tokens in for secondary ERC-20 tokens that are called mining credits. These credits are non-transferable and can only be burnt in exchange for mining time or a share of the yields. This way, the investor is always in control, and there is no danger of being scammed. It is also a cheaper and greener way to mine, which is why we think it will be trending on DeXTools for quite some time soon.
PEPEFI- This PEPE alternative is trending number one on DeXTools
We thought this list would be incomplete without mentioning the coin that is trending number one on DeXTools at the time of writing. Pepe Fi (PEPEFI) is inspired by the mega-successful meme token Pepe Coin but has added one crucial element.
Pepe Fi has made staking the major part of its ecosystem. With a massive 94% of the total allocation of coins dedicated to the liquidity pool, investors can make a killing on this coin if it continues to be a success on DeXTools.
Although Pepe Fi is, at the time of writing, the number one trending token on DeXTools, we still prefer Bitcoin ETF Token and Bitcoin Minetrix. Coins like Pepe Fi are poison chalices of sorts, they pump quickly, but then investors sell just as quickly. The two Bitcoin projects have much more substance and are likely to trend but also be long-term successes.