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Pepe, TG Casino, Solana, Bitcoin Minetrix, and Injective Protocol are the 5 Cryptocurrencies to Watch This Week


With Bitcoin reaching its highest level in over a year and excitement regarding Bitcoin ETFs and the Bitcoin halving heating up, the market looks set for another leg up. However, not all cryptos will perform equally. Therefore, it is crucial that investors hold the best ones to optimize their gains.

This article compiles a list of the top 5 cryptocurrencies to watch based on technical analysis, on-chain events, and fundamental factors.

Pepe

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Pepe rose to prominence in May this year during the depths of the bear market, climbing to a $1.8 billion market cap within a month of launching.

Yet its euphoric run was short-lived, with its price swiftly dumping and downtrending since. However, a recent announcement from the team has injected a new sense of optimism into the project, positioning Pepe for an explosive run.

As seen on the Pepe price chart below, it has recently broken out of a falling wedge with a strong push to the upside. Breaking out from a falling wedge is a significantly bullish factor and could signify a macro trend reversal.

It has pulled back in the past few days, but this is a natural part of any explosive price movement.

However, Pepe’s trajectory this week is crucial in determining its next move. For instance, if it begins to recover its pullback, we will likely see a push to $0.0000018 – more than a 50% increase from its current price.

The announcement that caused the recent uptick came from the Pepe team when they revealed they had burned 6.9 trillion Pepe worth $6,000,000. They also announced that a new team of advisors would join to help guide Pepe forward.

Bitcoin Minetrix

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Bitcoin Minetrix ($BTCMTX) is a groundbreaking cryptocurrency that enables users to mine Bitcoin by staking $BTCMTX on its Ethereum-based protocol.

This ingenious concept solves numerous issues at once. Firstly, it simplifies and decentralizes Bitcoin mining, enabling anyone to start effortlessly mining Bitcoin without technical expertise and expensive hardware.

It also prevents prevalent cloud mining scams through its decentralized and transparent ERC-20 token.

Finally, its unique tokenomics create an environment rife with demand and short on supply, hinting at massive upside potential.

To get started on the platform, users buy and stake $BTCMTX and then receive Bitcoin mining credits in return. They can burn these credits on the Bitcoin Minetrix platform in exchange for cloud mining power, which earns them free Bitcoin.

As such, there will be significant demand for the $BTCMTX token, but since many tokens will be locked for staking and rewards are paid out in credits, supply will be highly limited.

Bitcoin Minetrix is currently undergoing a presale, having raised an impressive $2.6 million in one month. This signifies the massive interest in the project but also means that investors looking to buy must act quickly.

The presale costs $0.0113 but is set to rise by 10% in 4 days. Currently, it is in its fourth round of ten, with the price incrementally increasing in each.

Visit Bitcoin Minetrix Presale

Solana

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Solana is a layer-one network with a thriving community and a focus on scalability and low transaction fees. The chain suffered significantly following the collapse of FTX due to the company’s close ties to Solana. However, it has begun making a commendable recovery thanks to its community’s unwavering support.

In recent weeks, Solana’s total value locked (TVL) and revenue have both spiked, indicating growing network activity and confidence in the chain.

Moreover, prominent asset manager VanEck has recently predicted that SOL could reach a possible high of $3,211 by the end of 2030. This indicates growing institutional interest and may mean institutions begin buying into SOL again.

Another consideration is that Solana Breakpoint is happening this week. This is a four-day conference in Amsterdam with over 70 speakers and 3,500 attendees. The event will likely stir up volatility, yet the other factors mentioned above could sway it bullish.

Solana is trading at $32, recently breaking above $30 for the first time since November 2022.

However, it remains at a significant 87% discount from its November 2021 $260 all-time high (ATH), yet currently holds better fundamentals. For instance, it now has fewer network outages and less venture capitalist control.

TG Casino

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TG Casino is a new Telegram-based crypto casino that is KYC-free and does not even require users to create an account to get started. This makes the user experience magnitudes simpler, and its use of telegram means users can place bets in seconds.

The platform is also one of the only fully licensed and regulated Telegram casinos, ensuring users’ funds are safe and secure.

Currently, the $TGC token is undergoing a presale, having raised $1.5 million in one month. Its commendable success can largely be attributed to the project’s cutting-edge tokenomics.

The token holds numerous utilities, like access to exclusive games and rooms, free rewards, 334% staking APY, and 25% cashback on losses.

It also features a groundbreaking buyback mechanism that repurchases tokens from the open market with a portion of the casino’s revenue. It then sends 60% to staking rewards and burns 40%, bolstering the token’s supply and demand dynamics and enabling holders to directly benefit from the casino’s success.

With such robust tokenomics and a cutting-edge use case, it is no surprise that the presale is selling out fast. Currently, market participants can buy $TGC for $0.1375 but must act soon as the price is set to rise in two days.

Visit TG Casino Presale

Injective Protocol

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Injective Protocol is a layer one blockchain focused on serving the decentralized finance (DeFi) sector. This means it is optimized for low fees, a DeFi-friendly developer environment, and efficient use of liquidity.

The project has seen massive success recently, up 83% in the last month and over 500% this year. However, despite such impressive numbers, it currently holds just over a $1 billion market cap.

This is almost 200x less than Ethereum’s while specializing in one of the network’s most prized use cases.

Injective Protocol also boasts an aggressive burn mechanism, destroying 60% of all exchange fees every week. This makes INJ deflationary and could contribute to significant price appreciation as network activity increases.

Moreover, the team recently announced that it would integrate into Google Cloud to make its blockchain data available on BigQuery. This makes the blockchain much more integrated with other software and technologies.

Currently, only a handful of prestigious layer 1 chains like Ethereum, Avalanche, Arbitrum, Polkadot, and Polygon are available on the cloud network.

Meanwhile, Prominent X analyst Crypto Engineer recently posted an Injective price prediction, estimating it could climb to $100 or $150 in the long term. The analysis was based on price chart patterns but also factored in fundamental advancements.

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