Earlier this week the market turned quite bearish. As many looked forward to ‘Uptober’, the nickname normally given to October due to the market’s good performance during this month in years gone by, we preached caution. High inflation rates and impending government shutdown meant this October might not be like years gone by.
While the market is bearish it doesn’t mean there aren’t great investment opportunities out there. Three presales in particular, Bitcoin Minetrix (BTCMTX), Meme Kombat ($MK), TG.Casino ($TGC) all look very promising early into their presales. Let’s examine each of them and two other altcoins that smart investors are buying.
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Bitcoin Minetrix- The solution to cloud mining the market has been crying out for
Bitcoin Minetrix (BTCMTX) is having a very successful presale and has already raised over $1.1 million. Smart investors are starting to buy up as much BTCMTX as they can due to the unique features of the project. It solves a huge market issue, cloud mining.
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Cloud mining, originally a solution to Bitcoin mining that had become too industrialized has now failed. Instead of bringing mining back to the individual investor, big companies are pricing them out of the market with crazy cash contracts and hidden fees. Scammers also run rampant making it a landscape unsafe for any investor.
Luckily Bitcoin Minetrix has the solution, Stake-to-mine. The point of this is to give the investors as much control as they need. The staking works as normal but there is a third option other than holding on to, or unstaking and selling your coins, exchanging them for mining credits. These credits are secondary tokens that work as your access to mining Bitcoin or sharing in a percentage of the yields. We think smart investors understand how much this will help the mining industry and are buying in droves.
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Meme Kombat- Get ready for endless fun wagering on your favorite memes battling it out in the arena
As always, a good first move for a P2E game is to take inspiration from a traditional gaming franchise. Meme Kombat ($MK), as you may have guessed, is inspired by one of the greatest combat gaming franchises of all time: Mortal Kombat. However, instead of the characters from that game you will be battling with and against your favorite memes from the last 10 years.
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The P2E aspect will be revolutionary thanks to AI technology. The game utilizes it to make sure players have the best in-game experience and graphics. Not only this but the outcome of the fights will be decided using the technology meaning everything is fair and above board. You will see why this is important in the next portion.
Our favorite thing about Meme Kombat is the wagering aspect. Players can win big by betting on the battles in so many different ways. Bet one-on-one vs. the computer, bet against friends or other players, or even side bet on outcomes like the first move of the fight. The markets are as vast as we have seen from a P2E game and we think this will attract a huge number of players and of course investors.
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TG.Casino- A partnership with Telegram could make this the No.1 crypto casino
Crypto casinos are becoming more popular as they benefit from the trickle-down effect of online gambling being legalized in many US states. However, there is still a lack of trust when it comes to mainstream gamblers and crypto casinos that likely just stems from unfamiliarity. TG.Casino ($TGC) has countered this problem perfectly.
They have partnered with Telegram to make a Telegram casino, which will be available to anyone who has the Telegram app. The main benefit of this partnership is Telegram is known as being one of the most secure apps with great privacy features. This will put a lot of casino gambler’s fears at ease.
The other reason that smart investors are buying up TG.Casino is its dedication to its players. Every day the project will use a share of the profits to buy open market $TGC. 40% of this total amount will be burned which is great for those that stake their coins as it increases their value. The remaining 60% will be used for casino rewards and bonuses showing an impressive commitment to their customers.
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Wall Street Memes- Expect this meme coin to bounce back once bearish conditions clear
Wall Street Memes (WSM) was one of the hottest presales we have seen in quite some time. While the price has pumped at various times it has now crashed back down to a level close to its listing price. While this is disappointing it is also to be expected due to the unlucky conditions the listings launched during.
Given that the Wall Street Memes brand is huge online, amassing over 1 million followers across its social media accounts, it represents a perfect buy-low opportunity. Its virality and online support remain as strong as ever so getting involved at the current price, like smart investors are doing, could be very profitable long-term.
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Solana- One of the only altcoins resisting bearish conditions
While Solana (SOL) finally succumbed to bearish conditions yesterday it is already bouncing back today. It is one of the only major altcoins that is still performing somewhat decently for investors. Most of this has to do with the launch of new space-themed game SAGE Labs. This game accounted for 15% of the transactions on the Solana network on Monday. The game is still growing making SOL a potential asset.
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Conclusion
So to finish up, although market conditions are currently not the best, that does not mean there are no good investment opportunities out there. The five coins we have listed above, especially the first three that are going through presale, are being bought up by smart investors. They recognize the long-term potential for big gains with these projects.
The post 5 Best Altcoins That Smart Investors Are Buying as Market Remains Bearish appeared first on Analytics Insight.
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