Bitcoin Alternatives Will Outperform BTC in 2024 – Bitcoin ETF Token and Bitcoin Minetrix Are Trending
Bitcoin alternatives are predicted to bring more returns to investors in the coming months than Bitcoin or other high-cap crypto assets.
As the optimism surrounding Bitcoin ETF approval grows to new highs, strategic investors are stocking up their wallets with new bitcoin alternatives like Bitcoin Minetrix ($BTCMTX) and Bitcoin ETF Token ($BTCETF).
Here is an analysis of the two assets and how they’re positioned to overtake Bitcoin in terms of ROI.
What you'll learn 👉
1. Bitcoin ETF Token
Bitcoin ETF Token ($BTCETF) is a new cryptocurrency that capitalizes on the mounting anticipation around the prospective approval of Bitcoin spot ETFs.
But the project has taken care not to be confined as a trend.
It has incorporated stake-to-earn, burning, and tax systems that encourage holding and discourage selling of the token. $BTCETF’s roadmap also aligns with Bitcoin’s journey ahead, as shown below.
Although the token presale was launched this week, it has become a wild sensation in a short time. According to early forecasts, the presale will sell out within a few days and hit the $5M milestone. The traffic to the $BTCETF presale is growing as more investors become aware of the growth potential of the project.
With its low initial market cap, $BTCETF offers substantial room for returns to early investors. It gives them the most exposure to the events unfolding in the market. The escalating Bitcoin frenzy translates to multifold potential returns for $BTCETF investors.
Predetermined milestones, burning, and staking
The most intriguing facet of Bitcoin ETF is its roadmap that features predetermined milestones tied to real-world events in Bitcoin’s journey as shown above.
On hitting them, a portion of the token supply will be burned, igniting a substantial price action. The inverse correlation between price action and supply is leveraged through scarcity.
Each of the five milestones will trigger a 5% burn of the token’s supply:
Bitcoin ETF Token’s total supply is 2.1 billion (2,100,000,000). Out of these, 25% will gradually be burned over time.
The project also puts forward a staking mechanism that amplifies potential returns for early investors, while limiting the tokens in circulation. It is another way for investors to expand their investments over time with attractive Annual Percentage Yields (APYs).
As a catalyst for community engagement, staking leverages the dynamics of supply and demand. Like burning, 25% of the total token supply is allocated for staking rewards. The APY will be revealed later.
The third tool is the sell tax, which acts as a deterrent to pumping. It is levied whenever an investor sells their $BTCETF tokens and varies as the project achieves new milestones.
It starts at 5% and decreases by 1% with each new milestone. Tokens set aside as tax are automatically burned. Once all five milestones are accomplished, the tax will be removed.
Heavy discounts for early investors
As part of drawing more attention to the project in the early stages, Bitcoin ETF Token has launched a limited-time discount for early investors.
In the current presale phase, the token is available for just $0.005. Since the potential listing price is $0.0068, the presale discount is not to be missed out on.
More importantly, the token is predicted to climb the charts on its initial exchange listing. The bull run will render $BTCETF expensive soon after the launch.
The presale consists of 10 stages with a gradual price increase.
Bitcoin Minetrix ($BTCMTX)
Another cryptocurrency that has been trending in the Bitcoin alternative category is Bitcoin Minetrix.
The project puts forward efficient and hassle-free cloud mining capabilities to regular users with its stake-to-mine dashboard. At the heart of it, the project allows users to generate passive income simply by staking their $BTCMTX tokens.
Traditional Bitcoin mining is out of reach for retail crypto investors due to its technical and financial demands. Cloud mining platforms have not been any better, with their own sets of complexities that often require initial deposits and specific mining hardware. They sometimes include contractual obligations favoring the company over the user as well.
Bitcoin Minetrix, on the other hand, stands apart by not necessitating any hardware investments or contractual obligations. Its competitive edge lies in its low technical and financial barriers.
With the platform, earning BTC mining credits requires just purchasing and staking $BTCMTX tokens. BTC mining credits are deposited into the user’s account as non-transferable ERC-20 tokens from the platform. It presents an easy and passive income source.
Bitcoin vs. Bitcoin ETF Token vs. Bitcoin Minetrix
Both $BTCETF and $BTCMTX have been witnessing large traffic over the last few days due to their projected returns ranging from 10X to 20X. Given that the best that Bitcoin can do is 2X to 3X, both assets make sense from an investor’s perspective.
While $BTCETF focuses on the speculative side of the market, $BTCMTX puts forward a robust utility. The share of these assets in a portfolio depends on the risk-reward appetite of the investor.
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
