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As the US consumer price index (CPI) data came in hotter than expected for the second straight month, it’s evident that pricing pressures remain persistent, and the Federal Reserve’s target of bringing inflation to 2% is still a challenging process.
This hot CPI print has the potential to influence the cryptocurrency market positively, especially with Bitcoin trading above $73,000 and repeatedly breaking its all-time high in the last few weeks. The overall sentiment in the cryptocurrency market is undeniably positive, and investors are on the lookout for the best altcoins to invest in early.
In this article, we’ve analyzed some of the top crypto presales and the best low-market cap coins to help you make informed investment decisions.
What is the best crypto to buy into right now?
- Scotty The AI (SCOTTY) – Combining AI and blockchain technology to provide AI-powered security, fraud detection, and risk mitigation solutions for the crypto space.
- Green Bitcoin (GBTC) – An eco-friendly alternative to Bitcoin built on Ethereum’s Proof-of-Stake, featuring a “Gamified Staking” system for predicting Bitcoin prices.
- eTukTuk (TUK) – Leveraging blockchain and AI to deploy electric tuk-tuks, charging stations, and intelligent routing systems for sustainable urban mobility.
- Bitcoin Minetrix (BTCMTX) – Introducing the first Stake-to-Mine methodology, allowing users to safely and efficiently mine Bitcoin in the cloud.
- AIT Protocol (AIT) – A decentralized marketplace platform offering Web3 AI solutions, enabling users to participate in tasks and contribute to AI model advancement.
- Alephium (ALPH) – Combining sharding technology with a stateful UTXO model and Proof-of-Less-Work consensus for scalable and secure decentralized applications.
- Polytrade (TRADE) – A decentralized trade finance platform tokenizing real-world assets and connecting buyers, sellers, insurers, and investors seamlessly.
Scotty The AI (SCOTTY)
Scotty the AI combines artificial intelligence (AI) and blockchain technology to enhance security and integrity in the crypto space. Its primary goal is to provide AI-powered solutions for security, fraud detection, and risk mitigation, leveraging advanced AI capabilities to analyze complex blockchain data and detect patterns with precision and accuracy.
Scotty the AI is a 100% transparent and community-driven project, with the team renouncing ownership of the token contract to prioritize community engagement. This approach ensures that $SCOTTY token holders can dictate the future of the platform.
The platform is divided into three phases:
- Phase 1: Laying the groundwork for the Scotty the AI ecosystem, including the ongoing token presale, a token audit, and the token generation event, as well as introducing the marketing campaign.
- Phase 2: Introducing innovative AI-powered ecosystem features, such as Scotty Chat and the Scotty Swap Tool.
- Phase 3: Initiating the public launch of $SCOTTY, following the presale’s conclusion, which includes decentralized and centralized exchange listings, community partnerships, and listing the token on reputable crypto token sites.
Scotty Chat is an interactive platform designed to engage the community by answering questions related to blockchain technology, code issues, and complex algorithms, utilizing AI tools like Natural Language Processing (NLP) to provide accurate solutions.
The Scotty Swap Tool is another upcoming feature that allows token holders and ecosystem members to access seamless token swaps within the platform, enhancing liquidity and promoting a vibrant ecosystem.
The Scotty Token ($SCOTTY) is an ERC-20 token with a fixed total supply of 1,234,567,890. Notably, no tokens are allocated to the team, and all liquidity keys are permanently burned to align project and community interests. Its presale raised almost $10 million at press time.
Green Bitcoin (GBTC)
Green Bitcoin (GBTC) is another new cryptocurrency project designed as an eco-friendly alternative to Bitcoin, built on the Ethereum blockchain. It aims to provide a more sustainable approach to cryptocurrency by leveraging Ethereum’s Proof-of-Stake (PoS) consensus mechanism, which is significantly more energy-efficient compared to Bitcoin’s Proof-of-Work (PoW) model.
Presale launched in late 2023 with a hard cap target of $7 million, Green Bitcoin has already raised $4 million, with around 60% of investors choosing to stake their holdings.
The “predict-to-earn” feature, known as “Gameified Green Staking,” allows users to earn rewards by accurately predicting Bitcoin prices, combining elements of Bitcoin’s legacy with Ethereum’s energy-efficient blockchain.
The base staking rate for GBTC holders is 140% per year, with additional bonuses for accurate predictions.
Of the total GBTC token supply, 40% is allocated for presale buyers, with additional allocations for staking rewards, marketing, liquidity, and community rewards. Overall, another promising project for this bull market.
eTukTuk (TUK)
eTukTuk focuses on promoting sustainable transportation by replacing polluting tuk-tuks with electric vehicles in developing nations. The project has gained traction, raising nearly $2 million during its presale event, reflecting the growing interest in its eco-friendly vision and potential to positively impact urban mobility and combat climate change.
At the core of eTukTuk is a blockchain-driven platform that utilizes a Decentralized Physical Infrastructure Network (DePIN) to facilitate the deployment of electric tuk-tuks, charging stations, and AI-powered intelligent routing systems. This infrastructure aims to accelerate the transition to emission-free transportation, addressing the critical need for sustainable and efficient mobility solutions in developing regions.
eTukTuk’s tokenomics are carefully designed to support and incentivize participation within its ecosystem. The project has a total supply of 2 billion TUK tokens, with allocations for staking rewards (21.5%), liquidity (7%), and the presale (9.75%). The TUK token contract has successfully passed an audit by Coinsult, demonstrating the project’s commitment to security and transparency.
Furthermore, eTukTuk is capitalizing on the growing trend of eco-friendly investing, positioning itself as a key player in the “green investing” movement within the crypto space. The project’s innovative play-to-earn (P2E) game, inspired by classic arcade games like Crazy Taxi, adds an exciting dimension, allowing players to navigate virtual streets while earning TUK tokens for completed journeys.
Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix is a project that introduces the first Stake-to-Mine methodology, aiming to revolutionize the cloud mining industry. Built on the Ethereum blockchain and utilizing the ERC-20 token standard, BTCMTX enables users to safely and efficiently mine Bitcoin in the cloud, earning rewards for their contributions. This project raised over $12 million in the ongoing presale.
The Stake-to-Mine methodology eliminates the need for purchasing cash contracts from mining companies, mitigating the risk of losing funds in contract down payments and addressing skepticism surrounding traditional cloud mining. Instead, users can stake BTCMTX tokens to earn non-tradable ERC-20 cloud mining credits, which can be burned to obtain Bitcoin cloud mining power.
BTCMTX has a total token supply of 4,000,000,000, with a strategic distribution: 42.5% allocated for Bitcoin Mining, 35.0% for Marketing, 15.0% for the Community, and 7.5% for Staking. The project is registered in Georgia, with its office located in Tbilisi, and is subject to certain country limitations.
As a utility token, BTCMTX is currently priced at $0.014 and accepts ETH, BNB, and USDT as payment methods. With a successful presale raising over $12 million, Bitcoin Minetrix is well-positioned to disrupt the cloud mining industry with its interesting approach.
AIT Protocol (AIT)
AIT Protocol is a decentralized marketplace platform that aims to provide a Web3 AI solution, offering a vast opportunity for millions of cryptocurrency users to participate in tasks, earn rewards, and contribute to the advancement of AI models.
Established in 2022 and based in Orlando, Florida, the platform operates within the decentralized landscape, leveraging blockchain technology to create a labor market that transcends international boundaries.
Source: TradingView
The AIT Protocol ecosystem incentivizes participants through crypto economics, ensuring rapid cross-national payment settlements, trust, and security. Additionally, the platform runs a subnet on the Bittensor network called ‘Einstein AIT’, which focuses on mathematics, logic, and data analysis to optimize the response accuracy of the entire Bittensor network. This is achieved by enabling the language model to autonomously write, test, and execute code within Python environments.
AIT Protocol has garnered attention from notable investors, attracting investments from firms such as Morningstar Ventures, Megala Ventures, Contango Digital Assets, Maven Capital, and Alpha Protocol Ventures during its latest Seed VC funding round. AIT coin officially launched in mid-February of 2024 and with a current price of $0.94 and a market cap of around $50 million, AIT Protocol presents significant potential for growth in the current bull run.
Alephium (ALPH)
Alephium is designed to provide a scalable, secure, and decentralized platform for developers, users, and all participants within its ecosystem. It combines innovative sharding technology with an expressive stateful UTXO (Unspent Transaction Output) model and an efficient Proof-of-Less-Work (PoLW) consensus mechanism to support scalable decentralized applications (dApps) for real-world use cases.
At the core of Alephium is a novel sharding algorithm called BlockFlow, which improves upon the UTXO model of Bitcoin to make it scalable. The project also employs a Directed Acyclic Graph (DAG) data structure for consensus between different shards, enabling up to 10,000 Transactions Per Second (TPS), significantly higher than Bitcoin’s 7 TPS.
Alephium’s stateful UTXO model offers layer-1 scalability and a high level of programmability, similar to the account model on Ethereum, but with enhanced security. The project has developed its own Virtual Machine, Alphred, and a domain-specific language, Ralph, designed to be secure, expressive, and easy to use for developers.
Source: TradingView
The Alephium token has a hard cap of 1 billion tokens, with an initial supply of 140 million tokens mined at the mainnet launch. The remaining supply will be mined over the next ~80 years. The token distribution includes allocations for pre-sales, community and ecosystem development, treasury & team, and mining rewards. Transaction fees are burned with each block.
With the current price of $2.9 and a market cap of around $200 million, ALPH has potential for further gains.
Polytrade (TRADE)
Our final crypto gem pick, Polytrade is a decentralized trade finance platform designed to transform receivables financing by connecting buyers, sellers, insurers, and investors for a seamless experience. It aims to address existing market challenges by leveraging blockchain technology to provide real-world borrowers access to low-interest and swift financing, tapping into crypto liquidity.
Source: CoinMarketCap
The platform offers a marketplace for discovering, finding, and comparing a wide range of assets, including car loans, trade finance, real estate, structured credit, collectibles, treasuries, equities, and bonds. Polytrade facilitates the tokenization of these assets, allowing investors to own fractions of assets, thereby making them accessible to investors with different budgets and minimizing administrative costs.
Polytrade’s native token, TRADE, is an ERC20 utility token used for governance, rewards for platform activities, and accessing various services within the ecosystem. The token distribution includes allocations for private sales, seed sales, public sales, the team, advisors, the community, and the foundation. Currently trading at $1.7 with a market cap of around $57 million, Polytrade is a significant player in the DeFi space, particularly in trade finance, through its unique Real World Asset (RWA) Marketplace and Polytrade ID.
Conclusion – Which coin is best to invest now?
As the cryptocurrency market continues to soar in 2024 following Bitcoin ETF approvals by the SEC in January, CPI print coming in hot, and with Bitcoin leading the charge and breaking new all-time highs, investors are eagerly seeking opportunities to diversify their portfolios and capitalize on the potential of altcoins. So, several promising projects have emerged, each offering interesting value propositions and innovative solutions.
Projects like Scotty The AI and Green Bitcoin are at the forefront of the presale frenzy, garnering significant attention and investment from forward-thinking investors. Scotty’s AI-powered platform aims to enhance security and integrity in the crypto space, while Green Bitcoin presents an eco-friendly alternative to Bitcoin, leveraging Ethereum’s energy-efficient Proof-of-Stake consensus mechanism.
It is also worth looking into eTukTuk’s sustainable transportation initiative and Bitcoin Minetrix’s Stake-to-Mine methodology.
Beyond the presale sector, projects like AIT Protocol, Alephium (ALPH), and Polytrade (TRADE) are also interesting with their innovative solutions and potential for growth. AIT Protocol’s decentralized marketplace for Web3 AI, Alephium’s scalable and secure blockchain platform, and Polytrade’s decentralized trade finance platform are just a few examples of the diverse offerings in the current bull run.
*Cryptonomist did not write the article or test the platform.
