What Could be the Next 1000x Crypto? 3 Contenders
The post What Could be the Next 1000x Crypto? 3 Contenders appeared first on Coinpedia Fintech News
With the crypto market teetering on another explosive breakout, traders face a buying opportunity with potentially life-changing gains at play.
This article looks at three contenders that hold 1000x potential for the upcoming bull rally. We consider factors like use cases, track records, price, tokenomics, and more.
Based on these criteria, top picks are Slothana, Bittensor, and Dogeverse. Let’s explore each in more detail.
Slothana
Slothana is a leading presale meme coin on the Solana network. Throughout its ICO campaign, the project has raised more than $15 million. This makes it a frontrunner on the presale circuit, surpassing earlier sensations Book of Meme and Slerf.
Following their respective presales, Book of Meme exploded to a $1 billion market cap in just two days, while Slerf overtook Ethereum in on-chain trading volume.
Slothana’s early momentum signals it could outperform both following its IEO, but that’s not the only factor pointing to exciting potential.
There are rumors that Slothana was launched by the creators of Smog, another explosive Solana meme coin that soared 100x to a $270 million market cap.
Traders noticed that Smog commented on Slothana’s first-ever X post when it had less than 50 followers, reflecting that the teams are at least aligned on some level.
However, those looking to buy the new sloth-themed meme coin should act fast because the presale will end in three days, and then $SLOTH will launch on exchanges.
Dogeverse
Meme coins have recently fared one of crypto’s hottest trends, with projects like Pepe, Dogwifhat, and Bonk seeing astronomical success. However, Dogeverse raises the bar and challenges the sector’s norms, launching across six different blockchains.
The innovative move means Dogeverse is already available on Ethereum, Based, BSC, Polygon, and Avalanche, and it will soon go live on Solana, too.
Through this initiative, Dogeverse bypasses blockchain fragmentation, ensuring widespread accessibility and enabling the different communities to unite under one meme coin.
Staking is another promising Dogeverse feature. Its staking layer incentivizes users to lock up their tokens for passive rewards. In addition to incentivizing the community, this bolsters the token’s supply and demand dynamics by encouraging long-term holding.
Currently, stakers can earn a 100% APY, but this will decrease as more tokens are staked.
The project is currently undergoing a presale, having raised $11 million so far. It is priced at $0.000302, but this will rise throughout the campaign, with the next uptick in one day or when the total raise hits $12.1 million.
Bittensor
Bittensor is said to be the “Bitcoin of AI.” If this analogy is valid, we can expect a tremendous performance from TAO in the coming years.
It is already well established, trading at $452 with a $3 billion market cap. Its price is up 5% this week, down 21% this month, and up 827% this year.
Given its large market cap, a 1000x gain would likely take multiple 4-year market cycles. That said, its higher market cap also reduces volatility, and its position as a market leader in crypto-AI innovation bolsters its chances of long-term success.
Bittensor offers a robust framework for distributed and incentivized computational power, similar to Bitcoin, except the power is used for AI.
It serves as a marketplace where machine learning and AI developers can rent power to train models.
This solves two problems simultaneously:
On the one hand, it negates the high costs associated with developing AI models.
On the other hand, it prevents the fragmentation of knowledge prevalent within the AI industry, ushering in a shared and open-source framework instead.
