Altcoins
3 Altcoins to Buy for 10X Gains This Week
The global cryptocurrency market is showing slowness, as shown Bitcoin is currently trading below the coveted price of $70,000. However, BTC maintains its strong position in the market, holding a market cap share of 54.1%, leaving the remaining altcoins to compete for attention and investment. Mantra (OM), Mallconomy (WOOT), and Oasis (ROSE) are three altcoins likely to provide high returns among other promising options.
1. Mantra (OM)
Mantra (OM) is making great progress in decentralized finance (Challenge). The token is currently valued at $1.07 with a market cap of $850.97 million, showing a significant rise of 10.75% over the past day and an increase of 24.11% over the past week .
This increase in value follows a historic agreement with Zand Bank in the United Arab Emirates. Matra and the bank have agreed to work together on Real World Asset (RWA) compliance by signing a Memorandum of Understanding.
This collaboration aims to simplify the process of asset tokenization in the UAE while following the regulations set by the Virtual Asset Regulatory Authority in Dubai. Zand CEO Michael Chan highlighted the opportunity to combine blockchain technology with traditional financial services to improve security, transparency and investor confidence.
Mantra’s versatile role in the blockchain ecosystem is enhanced by its infrastructure, which consists of MANTRA nodes and its integration with the Ethereum Virtual machine (EVM).
2. Commercial economy
Mallconomy is a revolutionary platform blending e-commerce and economics to create a unique metaverse experience. Users can enjoy a gamified shopping experience while using the WOOT token as their primary currency to interact and earn rewards within the platform.
The ongoing crypto ICO offers early participants the opportunity to purchase $WOOT tokens at low prices, with early investors enjoying high staking rewards of up to 5,767%. Users can easily participate by visiting the Mallconomy website, connecting their digital wallet and choosing from different payment options.
The total supply of WOOT tokens is capped at 4 billion, with the goal of raising $4.5 million during the ICO. The auto-staking mechanism simplifies the staking process for investors, allowing them to monitor and adjust their staked tokens via a user-friendly dashboard.
Potential returns from staking WOOT increase as more users engage with the platform, providing investors with significant incentives. Overall, Mallconomy’s innovative platform, combined with its crypto ICO and staking program, offers users an enriching and immersive experience with the potential for substantial investment returns.
3. Oasis (PINK)
The Oasis network, which uses its own ROSE token, is gaining popularity as a top layer 1 blockchain created for scalability and private computing. Oasis is currently valued at $0.1185 with a market cap of $795,738,488. It saw an increase of 11.99% in the last day and 17.21% in the previous week.
Oasis Labs recently unveiled a collaboration with Google Cloud to introduce Oasis PrivateSQL, a data analytics product that prioritizes privacy. The goal of the partnership is to make it easier for businesses to use data, while prioritizing privacy.
Collaboration will achieve this by providing a balance between data utility and privacy. Oasis Network’s distinctive layered structure enables a wide range of applications including DeFi, AI, GameFi, NFTand more.
It includes built-in support for rollups at the consensus layer, creating an ideal framework for decentralized applications.
Conclusion
As Bitcoin maintains its market dominance, altcoins such as Mantra, Oasis, and Mallconomy present distinctive value propositions and growth opportunities. Mantra’s DeFi solutions and strategic partnerships, Oasis’ focus on scalable and confidential computing, and Mallconomy’s imaginative metaverse e-commerce platform make them strong contenders for significant growth in the coming weeks. Investors looking for high returns should consider adding these altcoins to their investment portfolio.