We’re now almost halfway through January, and the signs of the 2024 crypto bull run are all here. First and the biggest indicator of all is the upcoming Bitcoin halving in April, which has historically sparked some of the largest bull runs in the market.
Next, we have the spot ETF’s approval which could happen as soon as the end of this month. BlackRock has filed for the BTC and ETH’s approval, but Ethereum will likely happen later, somewhere in Q4 2024.
There are also micro indicators, such as the Fed’s hinting of the cuts of the interest rates in 2024, which provides more optimism for risky assets like crypto.
With all of this in mind, it’s important that you equip your portfolio with promising cryptos to maximize your profits during the bulls.
We found these 5 OG crypto coins that can explode during the bulls and have strong backing from the crypto influencers.
5 OG Crypto Coins Set to Explode in 2024 – Quick Overview
Some of you lack the time to read about every coin individually, so we prepared a basic overview of these tokens:
Sponge V2 ($SPONGEV2) – The Best Meme Coin to Hold for the Next Bull Run
Bitcoin Minetrix (BTCMTX) – The Future of Accessible Mining
Meme Kombat ($MK) – Another Promising Meme Coin with Real-World Utility and a Battle Arena
Bitcoin (BTC) – X Account Falsely Announced BTC’s ETF Approval and the Price Soared
Ethereum (ETH) – Another Asset That Waits for the ETF Approval
5 OG Crypto Coins Set to Explode in 2024 – Detailed Analysis
Now that we have taken care of the basics, we can finally move on to the detailed analysis of every OG crypto that we found:
Sponge V2 ($SPONGEV2) – The Best Meme Coin to Hold for the Next Bull Run
As the crypto world gears up for an exciting 2024, Sponge V2 is emerging as a potential game-changer in the meme coin arena. Building on the incredible success of Sponge V1, which astonishingly soared from a $1 million to over $100 million market cap.
With the new play-to-earn racing game, Sponge V2 extends beyond the charm of SpongeBob SquarePants, adding real utility and engagement for users.
The anticipation is palpable, as Sponge V1's price saw a notable surge following the V2 announcement. The innovative "Stake-to-Bridge" mechanism of Sponge V2 is already creating a buzz. This unique feature allows V1 holders to stake their coins and seamlessly transition to the new V2 tokens, blending the old with the new in a dynamic ecosystem.
Over $4.3 million worth of SPONGE has been staked for V2, indicating the community's strong faith in this new iteration.
As the launch approaches, the FOMO is real — Sponge V2 could be the next big hit in the crypto universe, especially after the 2024 BTC halving.
Bitcoin Minetrix (BTCMTX) – The Future of Accessible Mining
Bitcoin Minetrix ($BTCMTX) is a new innovative project that aims to bring mining to everyday investors.
What makes Bitcoin Minetrix stand out is its unique approach to democratizing cloud mining. By allowing $BTCMTX token holders to earn passive income through a straightforward staking mechanism, it opens up the once complex world of crypto mining to everyday users.
The support for the platform is evident in its ongoing presale which raised over $8 million so far.
Bitcoin Minetrix (BTCMTX)
The game-changer here is the system of cloud mining credits. These non-tradable ERC-20 tokens are pivotal in the ecosystem, serving as a gateway for token holders to tap into cloud mining power.
This means that by staking $BTCMTX, users can actively participate in mining and earn a share of the profits, all without the traditional complexities and risks associated with cloud mining.
Bitcoin Minetrix addresses the common concerns of scams in third-party cloud mining with a transparent and user-controlled approach. The only downside of the project is that it’s selling out exponentially, and you might lose your chance at buying it at a discount if you don’t act now
Meme Kombat ($MK) – Another Promising Meme Coin with Real-World Utility and a Battle Arena
Meme Kombat is a thrilling addition to the 2024 crypto arena, blending AI-powered gaming with stake-to-earn mechanics to create an electrifying experience.
With a striking presale success of $6.5 million, Meme Kombat has quickly become a crypto community favorite. The heart of this innovative project is its battle arena, where $MK tokens are used to bet on clashes between iconic meme characters, offering an engaging and interactive dimension to the platform.
Its tokenomics is a masterstroke, allocating 50% of the tokens to the presale, ensuring a robust start. The remaining supply is cleverly divided: 30% for staking and battle rewards, enhancing user engagement and loyalty, and 20% split between community incentives and exchange liquidity.
Meme Kombat, with its unique combination of meme culture and interactive gaming, stands out as a potential 100X project in 2024.
Backed by numerous crypto media, it is an opportunity too tempting to miss. Don't miss out on what could be the crypto phenomenon of the year!
Bitcoin (BTC) – X Account Falsely Announced BTC’s ETF Approval and the Price Soared
Bitcoin (BTC) experienced a surge following a false social media announcement about the SEC’s approval of Bitcoin ETFs. The misinformation, originating from a compromised SEC Twitter account, briefly catapulted Bitcoin's price, showcasing the cryptocurrency's responsiveness to market news.
Although the price retreated after the clarification, the incident underscores Bitcoin's growth potential when it actually gets approved.
The possibility of spot Bitcoin ETFs is fueling positive sentiment, given their potential to simplify Bitcoin investment for advisors and traditional investors wary of the nuances of cryptocurrency ownership.
Despite regulatory challenges, including SEC Chair Gary Gensler’s cautious stance on crypto, the market's optimism for Bitcoin's broader acceptance continues to grow.
Ethereum (ETH) – Another Asset That Waits the ETF Approval
Ethereum, the world’s second-largest crypto by market capitalization, is a great pick in 2024, especially due to its pivotal role in smart contract technology.
Its platform hosts thousands of ERC-20 tokens, which require ETH for transaction fees, underlining Ethereum's practical utility and market demand. Post the ETH Merge, Ethereum has earned accolades for its environmental friendliness.
With a historical peak over $4,900, its current stabilization around $2,4k and growing interest from investment firms signify a positive market outlook
Conclusion
Our list of top crypto picks for the 2024 bull run ends here. Every project presented has immense growth potential, and most of them are currently in their presale stage, which makes them accessible to everyday investors.
If we had to pick our favorite, this would definitely be Sponge V2, because of its strong community backing and the historical success of its predecessor V1.
Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.
