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Crypto prices are rising again, with Bitcoin (BTC) trading above $52,000 and Ethereum (ETH) nearing the $3,000 milestone.
This bullish momentum has presented investors with an opportunity to buy into high-quality projects at discounted valuations in the hope that they continue climbing.
With that in mind, this article highlights 8 of the most promising cryptos to buy now, discussing their real-world utility and growth prospects.
1. Bitcoin Minetrix (BTCMTX)
Kicking off our list of the best cryptos to buy now is Bitcoin Minetrix (BTCMTX), a new Stake-to-Mine project on Ethereum.
Bitcoin Minetrix aims to make BTC mining accessible to anyone by allowing users to earn mining rewards simply by staking tokens.
Its innovative setup generates “mining credits” that can be exchanged for hash power without expensive hardware or technical skills.
Bitcoin Minetrix’s presale has already raised over $10.9 million in funding as investors rush to get involved in this game-changing cloud mining platform before its official launch.
With major exchange listings planned and a user-friendly mobile app in development, Bitcoin Minetrix could be set for a fruitful 2024.
Visit Bitcoin Minetrix Presale
2. Smog (SMOG)
Next up is Smog (SMOG), which looks to tap into the meme coin mania on Solana with a hilarious dragon mascot and clever tokenomics.
After launching on the Jupiter DEX just last week, SMOG has already reached a fully diluted market cap of over $75 million.
Since launch, SMOG’s value has rocketed over 1,900% – and is up 36% in the past day alone.
With an enormous airdrop campaign on the horizon, SMOG looks to be kicking up a storm in the meme coin space.
Given that SMOG is still just a fraction of the size of fellow Solana meme coins like Bonk (BONK), now could be the ideal time to invest before the token’s value rockets upwards.
Visit Smog Token Website
3. Meme Kombat (MK)
Meme Kombat (MK) looks to bring crypto gaming to the meme coin niche by letting iconic characters battle in animated fights.
Users can wager MK tokens on these fights, with bet winners receiving more tokens as a reward.
MK holders can also stake their tokens and generate passive income, complementing the high-risk, high-reward wagering feature.
Leading Meme Kombat’s development team is Matt Whiteman, who has years of experience in the Web3 space and is looking to cement the project as a disruptive force.
With MK tokens on offer for just $0.279 and the project’s presale in its final stage, now could be a prime entry point ahead of an expected post-listing pump.
Visit Meme Kombat Presale
4. Sponge V2 (SPONGEV2)
Another of the best cryptos to buy now is Sponge V2 (SPONGEV2), the second version of the popular Sponge (SPONGE) meme coin.
SPONGEV2 recently migrated to Polygon and launched on the Uniswap DEX, resulting in the token’s value rising over 100% in under two weeks.
There are over 50,000 SPONGEV2 holders, with the token boasting a market cap of over $45 million.
However, many meme coin investors believe SPONGEV2 is just getting started, given that the development team’s planned play-to-earn (P2E) game hasn’t yet been released.
The release of this game, expected sometime this year, is seen by many as a significant catalyst that could drive SPONGEV2’s value over the long term.
As such, SPONGEV2 is another hidden gem crypto worth keeping an eye on this year.
Visit Sponge V2 Website
5. eTukTuk (TUK)
eTukTuk (TUK) is leading the transition to affordable electric vehicles in developing countries with the goal of reducing emissions and pollution-related illnesses.
Boasting AI optimization and a DePIN model, eTukTuk seeks to offer sustainable transport infrastructure across territories in the developing world, starting with Sri Lanka.
The native TUK token will power the entire ecosystem, incentivizing drivers and community members to participate in charging station hosting and maintenance.
Having now raised over $1 million in presale funding, the buzz around eTukTuk and its mission is growing by the day.
Early investors can buy TUK tokens through the presale for just $0.026, although given its stage-based structure, this price will only be available for a few more days before increasing.
Visit eTukTuk Presale
6. Minu (MINU)
Another under-the-radar crypto to consider is Minu (MINU), which claims to be the first mining meme coin on the Binance Smart Chain.
Minu allows token holders to “mine” and earn daily rewards paid out in BNB.
The project has an innovative tokenomics structure where 8% of the rewards go to miners, and 2% of all transactions flow back into the mining contracts.
MINU token’s price is up 87% in the past day, giving it a market cap of just over $1 million.
Although it’s the smallest token on our list, MINU could have huge room to run if its unique concept gains mainstream adoption.
7. Nervos Network (CKB)
Nervos Network (CKB) is a layer-1 blockchain offering a high level of security, decentralization, flexibility, and interoperability.
It serves as the foundation of a modular network of sidechains and layer-2 scaling solutions.
With inventive tokenomics that align miner and CKB holder interests, Nervos Network ensures miners receive recurring rewards while holders avoid inflation.
Currently valued at just $0.013 and with a market cap of $578 million, CKB presents a discounted opportunity for investors seeking exposure to disruptive layer-1 chains.
8. Sei (SEI)
The final entry on our list of the best cryptos to buy now is Sei (SEI), an ultra-high-speed blockchain that can provide 390-millisecond block finality.
The Sei network can handle over 12,500 transactions per second (TPS), making it ideal for DeFi applications that require rapid confirmation speeds.
Backed by top institutional investors like Coinbase Ventures and Multicoin, Sei has recently been one of the most talked-about layer-1 chains.
The native SEI token is up a whopping 12,000% since August, and with a price of just $0.97, there could be even more appreciation on the horizon.
Source: https://finbold.com/8-best-crypto-to-buy-now-as-prices-turn-bullish/