Altcoins
3 Altcoins to Buy for 10X Gains This Week
The global cryptocurrency market demonstrates slowness, as Bitcoin it is currently trading below the coveted $70,000 price point. However, BTC maintains its strong position in the market, holding a market capitalization share of 54.1%, leaving the remaining altcoins to compete for attention and investment. Mantra (OM), Mallconomy (WOOT), and Oasis (ROSE) are three altcoins with the potential to provide high returns among other promising options.
1. Mantra (OM)
Mantras (OM) is making great progress in decentralized finance (DeFi). The token is currently valued at $1.07 with a market capitalization of $850.97 million, showing a significant increase of 10.75% over the past day and an increase of 24.11% over the past week.
This increase in value follows a landmark deal with Zand Bank in the United Arab Emirates. Matra and the bank have agreed to collaborate on real-world asset (RWA) compliance by signing a memorandum of understanding.
This collaboration is focused on simplifying the asset tokenization process in the UAE by following the regulations set by Dubai’s Virtual Asset Regulatory Authority. 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 strengthened by its infrastructure, which consists of MANTRA nodes and its integration with the Ethereum Virtual machine (EVM).
2. Malleconomics
Mallconomy is a revolutionary platform that brings together e-commerce and economics to create a unique experience in the metaverse. Users can enjoy a gamified shopping experience using the WOOT token as the primary currency to interact and earn rewards within the platform.
The ongoing cryptocurrency ICO offers early participants the opportunity to purchase $WOOT tokens at a low price, with early investors benefiting from high staking rewards of up to 5,767%. Users can participate easily by visiting the Mallconomy site, connecting their digital wallet and choosing from various payment options.
The total supply of WOOT tokens is limited to 4 billion, with the aim of raising $4.5 million during the ICO. The automatic staking mechanism simplifies the staking process for investors, allowing them to monitor and modify staked tokens through an intuitive dashboard.
The potential returns from staking WOOT increase as more users interact with the platform, providing investors with significant incentives. Overall, Mallconomy’s innovative platform, combined with its crypto ICO and staking program, offers users a rewarding and engaging experience with the potential for substantial returns on their investments.
3. Oasis (PINK)
The Oasis network, which uses its own ROSE token, is becoming increasingly popular as a top-level blockchain built for scalability and private computing. Oasis is currently valued at $0.1185 with a market capitalization of $795,738,488. It registered an increase of 11.99% in the last day and an increase of 17.21% in the previous week.
Oasis Labs recently unveiled a collaboration with Google Cloud to introduce Oasis PrivateSQL, a privacy-first data analytics product. The aim of the partnership is to enable companies to use data more cost-effectively, while prioritizing privacy.
The 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, NFTsand more.
It includes built-in support for consensus-level rollups, creating an ideal environment for decentralized applications.
Conclusion
With Bitcoin maintaining its dominant position in the market, alternative coins such as Mantra, Oasis and Mallconomy present distinctive value propositions and growth opportunities. Mantra’s DeFi solutions and strategic partnerships, Oasis’ emphasis on scalable and confidential computing, and Mallconomy’s imaginative e-commerce metaverse platform make them strong contenders for significant growth in the coming weeks. Investors seeking high returns should consider adding these altcoins to their investment portfolio.