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Bitcoin has its eyes on $50,000 this year. The enthusiasm around the much-awaited bitcoin spot ETF approvals has turned the market green again.
While it’s not too late to buy Bitcoin, low-cap crypto gems can give higher returns than Bitcoin at this point.
Listed below are two top picks in the category.
1. Memecoin ($MEME) – The Best Meme Coin to Buy Now
$MEME is one of the most talked-about cryptocurrencies of this month.
The seemingly unoriginal name and modest value propositions haven’t been able to stop the meme coin from drawing the attention of speculative investors.
The hype grew after the token secured listings on major exchanges like Binance, OKX, Bitget, and Kucoin. Although the market cap has reached $310 million now, $MEME has more steam left. It is re-establishing its momentum after a short decline.
Memecoin 1-year price action, CoinMarketCap
The recent surge has to do with Bitcoin’s ascent toward $37K that infused fresh vitality into the broader market. $MEME has been riding the bullish wave as one of the most trending meme coins.
The ‘Top Memes Tokens by Market Capitalization,’ list on CoinMarketCap ranks $MEME at the fifth position, following behind Dogecoin, Shiba Inu, Pepe, and Floki Inu. At 126th position, the general ranking is also commendable, given that $MEME is new to the market.
Although the official website describes the token as a purely meme-oriented coin without utility or financial promises, $MEME’s association with the Memeland Group has significantly fueled its price action.
The white paper clarifies that $MEME is not intended for commercial transactions, even through the Memeland Group.
Interestingly, the private sale held before the listing of $MEME attracted $8 million within just 28 hours. The announcement of Binance’s Launchpool for $MEME, which was shared by Binance’s CEO Changpeng Zhao, also helped the project grab wider reach.
$MEME has the potential to claim a $1B valuation in the long run. But short-term price movements will be prone to market volatility, carrying the risk of abrupt downturns.
2. eTukTuk – The Best Utility Token to Buy Now
The cryptocurrency market is more popular for its volatility driven by trivial trends than its innovation. Despite the potential to revolutionize various industries, including transportation, cryptocurrencies are confined to fleeting sensations now.
eTukTuk stands out as a pioneering project in this landscape. It introduces a comprehensive Electric Vehicle (EV) ecosystem that targets the public transportation sector in developing economies.
Developing countries have often been overlooked by mainstream EV brands as they can’t afford the high initial investment costs of EVs.
eTukTuk addresses the gap with electrically powered Tuk-Tuks.
Although EVs offer long-term cost efficiency, their cost of initial investment is a significant barrier to mass adoption. eTukTuk, after five years of intensive research and development, introduces a holistic EV ecosystem that tackles the challenge.
It consists of electric Tuk-Tuks, a peer-to-peer blockchain payment system, and a network of charging stations.
Overseen by territory partners, eTukTuk charging stations cater to the energy needs of EV drivers. A portion of the tokens paid as fees for charging is used to reward territory partners.
These charging stations are accessible to all EV drivers in the locality, not just those using eTukTuks. eTukTuk enables drivers to earn up to 400% more income by slashing operational and maintenance costs.
eTukTuk peer-to-peer ecosystem also involves Power Stakers who are responsible for securing the payment network in exchange for staking rewards.
In addition to that, eTukTuk plans to launch a play-to-earn game themed around the Sri Lankan roads, in a Crazy Taxi style. It will provide an extra income source for international users.
1/ Ever wondered how cutting-edge technology is transforming our battle against climate change? 🌍💡
— eTukTuk (@eTukTukio) November 13, 2023
eTukTuk’s debut in Sri Lanka, known for its thousands of eTukTuks, will offer a greener, safer, and technologically advanced alternative.
With fewer than 200 components, eTukTuks can be locally manufactured. It significantly reduces the initial investment costs. They incorporate blockchain and AI capabilities, with blockchain supporting the EV payment system and AI optimizing routes for reduced traffic and fuel consumption.
AI also facilitates the automatic scheduling of interventions, improving vehicle lifespan.
The $TUK token presale is progressing rapidly, with a gradually increasing price structure, investors are joining early to secure a favorable entry point in the project.
The successful progress of the presale suggests a growing enthusiasm for eTukTuk’s innovative approach to sustainable and technologically advanced public transportation.