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Ethereum has been dancing around the $3,000 mark over these past few days, but it's still unable to hold the target successfully.
Although, analysts believe it's just a matter of time before it not only holds the $3k target but also continues climbing up to the $4,000 mark in March.
But even if ETH does reach $4k in March, there are currently much more profitable crypto alternatives you can invest in.
For example, tokens like Smog ($SMOG), Sponge V2 ($SPONGE), and Bitcoin Minetrix ($BTCMTX) are currently popular because of their 50x-100x potential.
Let's check out the deets.
Ever since Bitcoin spot ETFs were approved, Ethereum started breaking new resistance points in its value with an over 34% boost in the last 30 days.
Over the past week, the price of ETH hovered around the $3,000 point. And while it did surpass it multiple times, investors are still waiting for the world's second-biggest crypto to hold the resistance.
Many believe that Ethereum is prime to reach $4,000 by the end of March and perhaps even $10,000 towards the end of the year.
The biggest price drivers will likely be the Bitcoin halving event in April and the potential approval of Ethereum spot ETFs.
These two events are likely to push ETH to $4,000 by the end of March and potentially $5,000 by the beginning of summer.
That said, other analysts believe that Ethereum isn't the best investment right now for those who are looking for bigger gains.
If you're searching for tokens that can bring profits in the 100x range, the best options right now are Smog ($SMOG), Sponge V2 ($SPONGE), and Bitcoin Minetrix ($BTCMTX).
Below, we'll check out why this is the case.
Smog ($SMOG) is a new cryptocurrency that's beginning to turn heads in the crypto community.
Launched on the Solana blockchain, Smog took a direct route to the market by debuting on the Jupiter decentralized exchange in February 2024, avoiding the usual presale process.
The project has already rolled out a staking feature, offering an enticing 42% return for those who stake their tokens.
$SMOG made a remarkable entry into the market, with its value skyrocketing by over 1,300% within just 24 hours of its launch. As of now, it has climbed over 5,200% from its initial price, pushing its market cap from $2 million at launch to an impressive $107 million today.
And aside from the impressive market performance, Smog is engaging its community with airdrop rewards and bounties. Token holders can collect airdrop points just by holding $SMOG, with plans to introduce quests and challenges for earning additional points.
While the specifics of the airdrop dates are still unknown, it's confirmed that 490 million tokens are designated for these rewards.
Sponge V2 is set to surpass its predecessor, promising enhancements in both performance and rewards.
Following the original token's impressive 100x surge and peak market cap of $100 million, V2 aims to raise the bar.
The transition from V1 to V2 tokens is exclusive to those who bridge their holdings, with a unique offer – staking V1 tokens locks them in for four years but yields substantial staking rewards in V2.
For a short period, $SPONGE is doubling down with a 100% purchase bonus on V2 tokens, allowing investors to essentially double their investment immediately upon locking V1 tokens for staking. The roadmap for $SPONGE V2 also includes the launch of a new play-to-earn crypto game.
Furthermore, plans to list on major exchanges like Binance and OKX signal ambitious goals to expand its reach and potentially replicate the explosive success of other meme coins on these platforms.
Bitcoin Minetrix is making waves in the cloud mining sector with its innovative stake-to-mine approach.
Its native token, $BTCMTX, quickly garnered attention by raising over $11.4 million shortly after its presale launch.
Currently, investors have the chance to buy $BTCMTX at a bargain price of $0.0135, with a structured presale spanning 39 phases, leading to a final price of $0.0148.
Shifting away from traditional cloud mining's pitfalls, Bitcoin Minetrix's stake-to-mine model allows users to stake $BTCMTX for mining credits, a secure method to access Bitcoin mining power without the risk of scams. This approach not only enhances security but also lessens the environmental footprint of mining.
The project, detailed in the Bitcoin Minetrix whitepaper, plans a total supply of 4 billion tokens, dedicating 42.5% to mining activities.
With a soft cap goal of $15 million, 70% of the token supply is allocated towards reaching this target, funding platform development, marketing efforts, and renting cloud mining facilities, paving the way for a secure and eco-friendly mining future.
The potential approval of Ethereum ETFs and the upcoming BTC halving could easily boost the price of ETH to around $4,000 – $5,000.
But even in the best-case scenario, we're looking at a profit of 1.5x or 2x. That's far from enough to truly skyrocket your portfolio and come out of the bull run as a winner.
If you're aiming for bigger gains, the tokens you should focus on are Smog ($SMOG), Sponge V2 ($SPONGE), and Bitcoin Minetrix ($BTCMTX).
Due to their robust technology and growing communities, these tokens could easily go up to 100x in profits in the upcoming weeks!
