3 Altcoins To Buy for 10X Gains This Week

by

As an experienced analyst with a deep understanding of the cryptocurrency market, I believe that while Bitcoin continues to hold its ground as the dominant player, there are compelling cases for investing in altcoins such as Mantra (OM), Mallconomy (WOOT), and Oasis (ROSE).

The crypTOcurrency market on a global scale is showing signs of slowing down, with Bitcoin currently selling for less than the desirable $70,000 mark. Yet, Bitcoin retains its dominance in the market, accounting for 54.1% of the total market share. This leaves other altcoins, such as Mantra (OM), Mallconomy (WOOT), and Oasis (ROSE), competing for investor attention and potential profits.

1. Mantra (OM)

I’ve been closely monitoring Mantra (OM) lately, and I’m excited to report some impressive progress in the DeFi sector. Currently, the token is priced at $1.07 with a market capitalization of $850.97 million. In just the past day, there’s been a substantial 10.75% surge, and over the last week, the growth has been even more noteworthy, amounting to a 24.11% increase.

Following this significant increase in value, Matra entered into a groundbreaking agreement with Zand Bank based in the UAE. Instead of working separately, they chose to collaborate on ensuring Real-World Asset (RWA) compliance through a Memorandum of Understanding.

In their partnership, the goal is to streamline the asset tokenization procedure in the UAE, adhering to the guidelines set by Dubai’s Virtual Asset Regulatory Authority. Michael Chan, Zand’s CEO, highlighted the potential of merging blockchain technology with conventional financial services to boost security, transparency, and investor confidence.

As a blockchain analyst, I would describe Mantra’s significance in the ecosystem by highlighting its flexible function and the underlying foundation that strengthens it. This foundation comprises Mantra Nodes and the seamless connection to the Ethereum Virtual Machine (EVM) in the first person:

2. Mallconomy

In simple terms, Mallconomy is a trailblazing digital marketplace that merges e-commerce and economic principles to deliver an exceptional metaverse adventure. Shoppers can engage in an entertaining virtual shopping journey using the WOOT token as their main currency for transactions and earning incentives within the system.

Participants in the ongoing crypto ICO have the chance to buy $WOOT tokens at a discounted price before they become widely available. This early bird investment comes with attractive staking rewards of up to 5,767%. To join, simply visit Mallconomy’s website, connect your digital wallet, and select from multiple payment methods.

As an analyst, I would put it this way: The maximum issuance of WOOT tokens stands at 4 billion units, aiming to rake in approximately $4.5 million during the Initial Coin Offering (ICO). The built-in auto-staking feature streamlines the staking experience for investors, enabling them to effortlessly oversee and fine-tune their staked tokens via an intuitive control panel.

The rewards from staking WOOT become more attractive as more people interact with Mallconomy’s platform, enticing investors with compelling incentives. In essence, Mallconomy’s groundbreaking platform, along with its crypto ICO and staking scheme, delivers a captivating and lucrative journey for users, presenting them with the possibility of substantial gains on their investments.

3. Oasis (ROSE)

Oasis Network, boasting its native token ROSE, is gaining traction as a leading layer 1 blockchain known for scalability and confidential computing. Currently priced at $0.1185 with a market value of over $795 million, Oasis has experienced a noteworthy jump of 11.99% in the last day and an impressive 17.21% growth in the past week.

Oasis Labs has announced a new collaboration with Google Cloud leading to the introduction of Oasis PrivateSQL – a data analytics tool from Oasis Labs prioritizing privacy. This partnership intends to make it easier for businesses to utilize data while maintaining strict privacy standards.

Through our partnership, we’ll strike a harmonious balance between maximizing data use and safeguarding privacy. The Oasis Network’s unique multi-layered architecture supports various applications such as Decentralized Finance (DeFi), Artificial Intelligence (AI), Gaming (GameFi), Non-Fungible Tokens (NFTs), and more.

At the consensus layer, this system comes with a integrated rollup feature, making it an excellent environment for the development of decentralized apps.

Conclusion

Bitcoin continues to rule the roost in the cryptocurrency market, but coins like Mantra, Oasis, and Mallconomy offer unique value propositions and potential for expansion. Mantra brings Defi solutions and strategic collaborations to the table, making it a compelling choice for investors. Oasis focuses on delivering scalable and confidential computing, an aspect that sets it apart from competitors. Lastly, Mallconomy’s innovative e-commerce metaverse platform opens up exciting opportunities in the growing digital economy. As such, these altcoins are strong candidates for substantial growth in the coming weeks, making them worth considering for those seeking high returns on their investments.

Read More

2024-06-10 15:24