The crypto market has gone from moving sideways to a nearly vertical climb in the past few weeks. Bitcoin smashed through the $30,000 resistance level that’s held it down since May and is now testing $35k. Ethereum is above $1,800 for the first time since August.
The momentum in the biggest cryptocurrencies is trickling down to new tokens that offer even greater potential for gains. Let’s take a look at 5 of the best new cryptocurrencies traders should watch this week.
Bitcoin Minetrix ($BTCMTX) – Stake-to-mine Ecosystem for Cloud BTC Mining, Raised $2.7m through Presale
Bitcoin Minetrix is a new crypto project giving investors the ability to mine Bitcoin in the cloud. This stake-to-mine ecosystem offers a safe alternative to traditional cloud mining platforms and gives individual investors a way to get exposure to Bitcoin without buying it outright.
Investors in Bitcoin Minetrix can stake their $BTCMTX tokens and earn rewards in the form of non-transferrable cloud mining credits. They can then redeem these credits for hashpower to mine Bitcoin. All Bitcoin an investor mines is sent to their wallet.
The advantage of this system is that investors never have to send crypto to an unknown cloud miner. Their $BTCMTX remains locked up and safe even as they get access to advanced ASIC mining machines through the cloud.
Bitcoin Minetrix has the potential to upend the cloud mining industry and become the go-to platform for investors who want to mine Bitcoin. That makes the $BTCMTX coin, which has a fixed supply of 4 billion tokens, particularly valuable. As the price of Bitcoin rises and mining becomes lucrative, $BTCMTX should also rise in value.
Right now, investors can buy $BTCMTX at a fixed price of only $0.0113 during the Bitcoin Minetrix presale. The presale has already raised more than $2.7 million and looks likely to sell out soon. So, investors have to hurry if they want to lock in their $BTCMTX tokens and start mining Bitcoin.
Meme Kombat ($MK) – New Meme Project Where Memes Battle It Out and Investors Earn up to 112% APY
Meme Kombat is one of the newest meme coins that looks ready to go viral. The project plays on the online competition between memes by pitting them against each other in virtual fights.
With Meme Kombat, anyone can watch Milady Maker fight it out against Shiba Inu or watch Sponge take on Pepe. Each of the memes has its own unique fighting stats, and the battles are controlled by a randomized algorithm to ensure they’re fair and fun.
One of the best things about Meme Kombat is that investors can stake their $MK tokens to wager on each meme battle. Investors who win their bets will earn additional $MK that they can roll into even bigger wagers during the next round of the tournament.
Alternatively, investors who want to watch and earn without betting can simply stake their $MK tokens. This is a major advantage over other meme coins like Pepe, which don’t offer staking rewards.
During the Meme Kombat presale, investors can buy $MK for only $0.1667. The project has already raised more than $880,000 and is expected to hit the presale’s $1 million soft cap in the next several days.
Notably, presale investors can stake their purchased tokens immediately and start earning 112% APY. That means that the sooner investors buy $MK, the more they’ll own by the time of the coin’s official launch.
TG.Casino ($TGC) – GambleFi Token with Generous Staking Rewards for Early Investors
TG.Casino is a new crypto casino and sportsbook launching on Telegram. It leverages the popular messaging app to make betting available to anyone in the world.
Notably, TG.Casino is one of only a handful of platforms that lets players bet completely anonymously. There’s no sign-up required—players simply open the TG.Casino Telegram bot, deposit crypto, and start wagering.
The casino boasts thousands of games and more than 30 sports betting markets, positioning it to become one of the most popular platforms for gambling. The market potential for TG.Casino is enormous since the online gambling industry is expected to grow to $153 billion by 2030.
Investors in TG.Casino’s $TGC token stand to benefit from the casino’s success. TG.Casino plans to use revenue from gambling on its platform to buy up $TGC on the open market.
Half of the purchased $TGC tokens will be burned, decreasing the supply and pushing up the value of the remaining tokens. The other half of purchased $TGC will be distributed to investors as a reward for staking $TGC.
Investors can get in on this lucrative cycle of buy backs, burns, and rewards by buying $TGC during the project’s ongoing presale. TG.Casino has already raised more than $1.5 million, showing how popular this project is among investors.
For a limited time, presale investors can stake the $TGC they purchase and earn 328.1% APY. That’s a great incentive to buy $TGC sooner rather than later and start earning.
BananaCat ($BCAT) – Newly Launched Meme Coin with Parabolic Chart
BananaCat is another brand-new meme coin that’s quickly gaining traction among traders. The token is up more than 2,430% in its first week of trading, and the chart is still pointed upwards.
In fact, BananaCat’s $BCAT token has gained another 180% in the last 24 hours. According to Dextools, the project has more than 1,200 token holders and more than $1.5 million in daily trading volume. It’s currently the #1 trending token on Dextools.
$BCAT has no utility, so traders can expect this token to follow the pump and deflate pattern of many meme coins before it. But as long as the token is going up, there’s the potential to turn a quick profit.
Be sure to keep an eye on BananaCat’s social media channels, including its Telegram and X accounts. These offer a pulse check on how the community is feeling and could provide the first warning signs before $BCAT starts to deflate.
TokenSight ($TKST) – Auto-trading and Alerts Service Built for Crypto Traders
TokenSight is a new trading and alerts service built to meet the needs of active crypto traders. The tool gathers on-chain data to notify traders about price changes, whale trades, increased trading volume, and more. Traders can use these alerts to spot opportunities and stay one step ahead of the market.
TokenSight does more than just alert traders. Users can connect to the TokenSight decentralized exchange to automate trades, set up event-based order executions, and more. TokenSight even supports copy trading, making it an appealing platform for newer crypto trades.
The $TKST token entitles traders to discounts on trading and a share of TokenSight’s revenue. 75% of all trading revenue the platform earns is distributed back to traders as a reward for staking $TKST.
While the TokenSight platform hasn’t yet launched, $TKST has—and it’s taken off. The token jumped 2,700% after hitting decentralized exchanges and has a market cap of more than $6.5 million according to Dextools.
It’s also the #4 trending token on Dextools today and has more than $2.4 million in locked liquidity. Investors can buy $TKST on Uniswap.