One of the most important financial indicators for assessing the profitability of your investments is the return. However, a high return does not automatically mean that the financial instrument will actually ultimately make a profit. Investors also need to know that a high return usually comes with a higher level of risk. However, there is no definition or demarcation for the concept of risk. Therefore, individual consideration and analysis of the asset in advance is important.
What does 50x mean on a coin?
If you are in one new cryptocurrency investing, return is a popular filter for finding the right asset. Yield stands for income, which in connection with the investment means that in the end more money is received when the deposits are sold than was originally spent on the asset. Yield in cryptocurrencies also means that a coin or token has above-average growth potential.
A positive return means profit, a negative return means loss. However, the rating number is by no means suitable as the sole criterion because you have to take the different conditions into account. These include, for example, term, market share, capital employed or interest rate or staking returns. Let’s now take a look at two new tokens, both of which are about to end presales, and analyze their potential.
New coins 2024 with high growth potential
Bitcoin Minetrix, Mining coin with 50x potential
Meme Kombat, Meme coin with 500x potential
Extra: Sponge Coin V2, Meme coin with 5000x potential
What is Bitcoin Minetrix?
Bitcoin is backed by miners who secure the network. With the provision of computing power, the blockchain receives the next block with validated transactions. For their work, miners are rewarded with block rewards in the form of new BTC. In order to participate in this lucrative business, high expenses are necessary to purchase the appropriate hardware. You also need to have a certain level of technical understanding.
By selling Bitcoin Minetrix’s native utility token $BTCMTX, a well-thought-out process is set in motion to ultimately earn block rewards through Bitcoin mining without hardware, software or high electricity costs. The next step after purchase is staking, i.e. locking the tokens in the protocol’s smart contract.
This process step happens almost automatically with just a few clicks, as does the subsequent process in which investors receive mining credits in the form of non-tradable ERC20 tokens. These are then burned by the investors and access to the offers of the connected Bitcoin cloud miners is then activated. There you will then receive proportional mining rewards, which can be built up into a decent second income with the staking returns.
Currently, Bitcoin Minetrix’s offered staking yield is 74 percent. This changes dynamically and adapts to the total number of locked tokens. The sooner you get in, the higher the staking returns you can earn. The smart contract specifies that investors will receive 158.5 BTCMTX per ETH block.
Staking rewards are paid out over a period of 2 years and are based on the amount of tokens locked by each investor and the expected annual return. With a potential of 50x these results would be corrected upwards accordingly. Now go directly to Bitcoin-Minetrix!
What is Meme Kombat?
With almost $8 million, this entertaining token is on the list of the most successful Ethereum-based tokens in January 2024. At the center of the ecosystem are the most successful meme figures from the sector. They compete in exciting competitions and have maximum fun at the same time. But that’s not all, because for successful predictions you will also receive crypto rewards in the form of new native utility tokens $MK.
Meme Kombat is in the meme coin sector, but investors also receive staking rewards that develop dynamically, just like Bitcoin Minetrix. There is strong FOMO among investors near the end of the presale, hence the strong trading activity in the last 48 hours. New investors have ensured high capital inflows into the project. This means there are chances for enormous growth and 500x potential.
The market for meme coins has changed, as the next new coin, which could explode in February, shows. Sponge-Coin V2 is the new edition of the first edition of the 100 million USD meme coin. Trade meme coins now!
Extra tip: Sponge Coin V2
The new release of the 100 million USD coin has generated enormous media interest. Can the second version of Sponge-Coin really surpass the successes of the first version? Will there be another run on the presale tokens?
And now, shortly before all tokens of the first version were exchanged in the smart contract, it is clear: This new coin has the best chances of 5000x in February. Then support for the first version will be discontinued and all the developers will concentrate on expanding the ecosystem.
The new year couldn’t start better with Sponge-Coin V2. Private investors and small investors with limited financial resources have the opportunity to invest in the up-and-coming Sponge-Coin V2 project. You receive staking rewards and use the token in future P2E games. This brings additional crypto rewards and enables passive income with this new coin in 2024. Now go straight to Sponge-Coin V2!
Conclusion: There could be radical price changes for these three new coins in February. The tokens have already generated enormous capital inflows in the last few weeks, which is strengthening the entire crypto sector. In our opinion, the possible gains are in the range between 50x and 5000x. The new coins presented here are among the most promising cryptocurrencies next month.
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about the author: Stefanie Herrnberger works as a freelance editor and content creator. Her many years of professional experience in the areas of blockchain, cryptocurrencies and NFTs offer her the perfect background to report on current news and developments on decentralized and centralized financial markets. Stefanie has also been investing in cryptocurrencies herself for several years and can therefore cover almost all aspects of the crypto world.
Publications: https://de.cryptonews.com/editors/stefanie-herrnberger website: https://blockchain-technologie.digital/