The crypto mania is back.
With the anticipation surrounding the approval of bitcoin spot ETFs reviving positive momentum in the market, Bitcoin has its sights on $50,000.
Bitcoin is an excellent investment now. But the high-cap crypto wouldn’t be able to match the price action of low-cap gems like eTukTuk (TUK) and Memecoin ($MEME) this season.
Let’s take a closer look at these projects and why they would top the charts.
1. eTukTuk – AI-powered EV ecosystem for developing economies
Most cryptocurrencies struggle with market relevance and actual implementation. Cryptocurrencies backed by substantial visions and high market relevance are hard to come across.
That explains the growing traffic to the eTukTuk presale. The blockchain initiative enters the market following five years of rigorous research and development. It is backed by the concrete real-world mission to transform public transportation systems in developing economies for the better.
eTukTuk’s emphasis on the public transportation sector within developing economies has multiple reasons. To begin with, the current electric vehicle (EV) market is largely inaccessible to many individuals residing in developing economies
In response to the challenge, eTukTuk has chosen to narrow its focus on the public transportation system through eTukTuks or electric Tuk-Tuks.
The eco-friendly transportation solution relies on electricity instead of fossil fuels. But their significance extends far beyond sustainability in cost-efficiency and safety features.
As mentioned above, the development of eTukTuks has been a five-year endeavor. The extensive research conducted during this period has resulted in a meticulous design of eTukTuks, optimizing the number of necessary components.
The mechanism enhances speed, safety, and overall efficiency with a streamlined design that enables local manufacturing. It also integrates various safety features such as roll-cages, LFP batteries, and AI-powered guidance systems.
Introducing Buy and Stake mechanism, get $TUK tokens and instantly stake them, initiating a dynamic APY.
Early stakers enjoy higher returns as APY adjusts with participation, encouraging early adoption and a fair, enticing incentive structure for all. 💫 pic.twitter.com/trJBmB7W99
— TUK Token (@TukToken) October 10, 2023
In an unprecedented holistic approach, The project is also introducing a payment system powered by blockchain technology and a network of electric charging stations exclusively dedicated to EVs.
eTukTuk is forming partnerships with industry leaders like the Capital Maharaja conglomerate and the crypto community AsiaTokenFund to expand its presence. It not only broadens the project’s foothold but also aims to increase awareness about its value propositions among crypto users and investors.
There are multiple ways to generate income through the platform. Locals can join the network by being eTukTuk drivers or Territory Partners (responsible for installing and managing charging stations).
Investors, on the other hand, can earn from the value appreciation of the token over the long and short terms. There is also an option for token staking or Power Staking that provides attractive Annual Percentage Yields (APYs) on holdings in addition to potential token value appreciation.
At the ongoing presale, retail investors have the opportunity to acquire and hold $TUK tokens at low costs.
BUY $TUK TOKEN FOR PRESALE PRICE
2. Memecoin ($MEME) – Explosive meme coin with more room for growth
$MEME is one of the most sensational cryptocurrencies of this season.
Although its name is deceptively simple and value propositions are average at best, $MEME continues to attract attention from speculative investors.
$MEME’s market cap reached an all-time high of $253 million earlier this month. It was preceded by listings on major exchanges such as Binance, OKX, Bitget, and Kucoin. The private sale that preceded the $MEME listing attracted a massive $8 million within just 28 hours. Binance’s Launchpool for $MEME, shared by Binance’s CEO Changpeng Zhao, also widened the project’s visibility.
Although the coin has lost value and market cap over the days, it still shows promise. The project is re-establishing its momentum after a 22.75% decline in the 7-day window.
$MEME’s recent rebound can be attributed to Bitcoin’s attempt to climb toward $40,000. The token has been riding the bull mania and is at the forefront of the meme coin category.
$MEME is ranked fifth on CoinMarketCap’s list of top meme coins, only behind Dogecoin, Shiba Inu, Pepe, and Floki Inu. The meme coin holds a commendable 168th position in the general ranking. Considering its recent entry into the market, the achievement goes on to show its long-term market relevance.
Although the official website of Memecoin explicitly states that the token is purely meme-based without utility or financial commitments, it has been leveraging its utility side focused on farming. In addition, the association with the Memeland Group has significantly influenced its price dynamics.
Memecoin 1-year price action, CoinMarketCap
Still, the white paper stays away from making promises. It states that $MEME isn’t designed for commercial transactions, even under the Memeland Group.
$MEME has the potential to reach a $1 billion valuation in a few months if it manages to expand its ecosystem vision to something robust and market relevant. Short-term price movements, however, are susceptible to market volatility.
Just like the coin can jump the charts, it also carries the risk of sudden downturns.
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