3 Altcoins To Buy for 10X Gains This Week
The global cryptocurrency market demonstrates sluggishness, as Bitcoin is currently trading below the coveted $70,000 price point. However, BTC maintains its strong position in the market, holding a 54.1% market cap share, leaving the remaining altcoins to vie 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)
Mantra (OM) is making big progress in the decentralized finance (DeFi) industry. The token is currently valued at $1.07 with a market capitalization of $850.97 million, displaying a significant rise of 10.75% in the last day and a 24.11% increase over the last week.
This surge in value follows a historical deal with Zand Bank in the UAE. Matra and the bank agreed to work together on real-world asset (RWA) compliance by signing a Memorandum of Understanding.
This collaboration is focused on simplifying the process of tokenizing assets in the UAE while following the regulations established by the Virtual Asset Regulatory Authority of Dubai. Zand’s CEO, Michael Chan, emphasized the opportunity for combining blockchain technology with traditional financial services to improve security, transparency, and investor trust.
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. Mallconomy
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 the primary currency to interact and earn rewards within the platform.
The ongoing crypto 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 easily participate by visiting the Mallconomy website, connecting their digital wallet, and choosing from various 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 through a user-friendly dashboard.
The 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 a rewarding and immersive experience with the potential for substantial returns on their investments.
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3. Oasis (ROSE)
The Oasis Network, which utilizes its own token ROSE, is increasing in popularity as a top layer 1 blockchain created for scalability and private computing. Oasis is currently valued at $0.1185 with a market capitalization of $795,738,488. It has seen a 11.99% surge in the last day and a 17.21% increase in the previous week.
Oasis Labs recently unveiled a collaboration with Google Cloud to introduce Oasis PrivateSQL, a product for data analytics that prioritizes privacy. The aim of the partnership is to enable businesses to use data more conveniently, while priotizing privacy.
The collaboration will achieve this by providing a balance between data utility and privacy. The distinctive layered structure of Oasis Network enables a wide range of applications including DeFi, AI, GameFi, NFTs, and more.
It includes built-in support for rollups at the consensus layer, creating an ideal setting for decentralized applications.
Conclusion
With Bitcoin maintaining its dominance in the market, altcoins such as Mantra, Oasis, and Mallconomy present distinctive value propositions and opportunities for growth. Mantra’s DeFi solutions and strategic partnerships, Oasis’s emphasis on scalable and confidential computing, and Mallconomy’s imaginative e-commerce metaverse platform make them strong contenders for significant growth in the upcoming weeks. Investors seeking high returns should contemplate adding these altcoins to their investment portfolio.
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