As we move from the crypto spring into the flourishing summer, investors are keenly seeking the next big opportunity. As with all crypto cycles, it’s the new cryptos that have the potential to deliver the most significant returns. Keeping this in mind, there are two new cryptos for 2024 poised to make a substantial impact.
According to BanklessTimes, two new cryptos for 2024 include Memeinator (MMTR) and Aptos (APT). Both stand out not just for their novelty but for the unique utilities they offer, each harboring the potential for impressive returns in this upcoming cycle. Exploring what sets these two contenders apart reveals why they are the ones to watch in the upcoming alt season.
Memeinator: A new frontier in meme coins
In the vast expanse of the cryptocurrency space, meme coins often emerge as fleeting amusements, with many offering little beyond whimsical cartoon imagery. Most of these new cryptos, even those leading in market capitalization, lack substantial utility, value, or the promise of enduring relevance.
This is where Memeinator marks its groundbreaking entry. Inspired by the iconic 90s action movie series The Terminator, Memeinator merges captivating tokenomics, the allure of pop culture, and cutting-edge AI technology.
Its mission is bold and clear: to identify and obliterate underperforming meme coins that fail to offer real substance and achieve a market cap of $1 billion. As part of this process, Memeinator identifies the underperforming meme coins through its AI Memescanner. This advanced AI tool analyzes data from various platforms around the Web, before feeding these coins into its Meme Warfare shoot-em-up game as characters for players to destroy.
Memeinator is propelled by a burgeoning community of supporters who get to play the Meme Warfare game. This collective effort positions Memeinator not just as another meme coin, but as a revolutionary force, challenging the status quo of uninspired and lackluster meme coins.
But Memeinator’s appeal doesn’t stop at market disruption. It extends its reach with engaging features like token staking, yield farming, strategic collaborations with prominent brands and influencers, a confidential NFT project that is currently in the works, and even a merch store. This multifaceted approach resonates with those disillusioned by the current meme coin landscape, rallying them under the Memeinator banner.
The Memeinator presale is currently in phase 8, and it’s already brought in an impressive $2m. Exciting news for early investors is that the team behind Memeinator has decided to cut the length of the presale, from a 29-stage event to a 20-stage event and actually burn six stages worth of tokens, which amounts to 129,310,345 MMTR. The other three stages are being reallocated. This will have a positive impact on the price and certainly generate more interest in this new crypto for 2024.
Any developments around the MMTR presale can be kept abreast of by signing up to the Memeinator email list.
Aptos: A new era for layer-1 blockchains?
Aptos stands out as a layer-1 proof-of-stake (PoS) blockchain, distinguished by its use of Move, an innovative smart contract programming language. The core vision of Aptos is to drive mainstream adoption of Web3, fostering a robust ecosystem of decentralized applications (DApps) aimed at addressing tangible user challenges.
Early in 2022, Aptos garnered significant financial backing, raising $200 million in a seed round led by Andreessen Horowitz (a16z) and supported by other major players like Tiger Global and Multicoin Capital. This momentum continued with a $150 million Series A round spearheaded by FTX Ventures, and later, Binance Labs’ investment further bolstered Aptos.
Aptos claims to handle over 150,000 tps, compared with Ethereum (ETH) 15 transactions per second. This is because typical blockchains process transactions sequentially, Aptos processes them simultaneously, resolving any failures through its sophisticated software transactional memory libraries.
Since its launch in October 2022, the Aptos price has risen and fallen and is currently relatively flat. The biggest fear for investors is the investment from FTX and Binance, both of which are smeared in fraudulent claims, so the company needs to rid itself of these.
Price prediction for Memeinator and Aptos
Regarding the crypto bull cycle, Memeinator shows great potential for achieving a market capitalization of $1 billion. A target price of $1 seems well within reach for MMTR. A more conservative forecast suggests a possible increase from $0.50 to $0.70, which would see it become the number one meme coin in the market.
While this may seem high, it’s important to note the success of Dogecoin, which reached an $88 billion all time high market cap. And Pepe Coin even managed to clear $1 billion in market cap, despite lacking any token utility. Memeinator, with its integration of AI, holds more substantial utility, so a market cap of $1 billion seems perfectly possible.
As for Aptos, it embodies the potential of a scalable layer-1 solution. However, it faces a crowded market brimming with layer-1 scaling solutions, raising the question of its necessity.
And the involvement of major players like FTX and Binance with Aptos presents a double-edged sword. While these partnerships offered substantial support, their tainted names also pose potential risks that could impact Aptos’ price and market perception. It’s still down 50% from its market high, and it should see some gains, but since it’s not brand new, it’s unlikely to lead the charge in parabolic gains during the upcoming alt season.
Don’t miss the opportunity to be ahead of the curve with your investments
With the upcoming Bitcoin halving next year, the momentum in the bull market is expected to accelerate. Remember, it’s usually the newest cryptos that offer the biggest returns. Aptos is relatively new, but with tainted investors and being on the market since 2022, it’s not generating significant amounts of excitement.
Quite the opposite for Memeinator, a promising new crypto for 2024 that is generating plenty of excitement. This is your chance to join the ranks of those capitalizing on what could be the next revolution within the rapidly expanding crypto market.
