2025 will shape up to be the big year of crypto. Bitcoin has finally reached the golden $100k value, and people have finally started to pay heed to utility-centric tokens.
SpacePay, whose presale started slowly, as its use cases were yet to maintain a high level of coherence, is slowly becoming viral. The SpacePay ICO is increasing its pace, and with over $750K already raised, it is getting clear that we might see the token’s launch soon.
But will the current bullishness around this token continue to persist after the presale has concluded? If so, what factors can turn SpacePay into the next big crypto of 2025?
What you'll learn 👉
Factor 1 – Continued Bullishness of the Market
The first factor to look out for is the continued bullishness of the cryptocurrency market. If the uptrend does not stop, it will give time for new cryptos, such as SpacePay, to arrive and attain success.
Why is it the first factor to highlight? The rationale is simple. Even though SpacePay is a utility crypto, unless people start to see the system actually being adopted in general regions across the world, the external factor, which is the market condition, will determine its value.
This would be the primary force behind SpacePay’s explosive potential during the short term. The initial price action may even be akin to a meme coin, with SPY achieving almost a 50x growth. This should not be considered a bad attribute, since the initial interest the token gets will play a major role in how it is perceived in the long run.
Factor 2 – Listing on Popular Exchanges
While the initial listing would boost SpacePay’s value to a high degree, subsequent listings in tier-1 cryptocurrency exchanges could impact its price in a big way. Listing pumps are not a new phenomenon, and this has always been the case. Binance, for instance, has been called THE exchange responsible for pumping many tokens to a high level.
If SpacePay secures a spot on an exchange with such high repute, its audience base will rise. The influx of new buyers will see SPY as a new IEO to get behind, which could further boost the SPY price.
However, like the market’s bullishness, this is another external factor whose impact would be ephemeral. Listing pumps have always been short-term and are often followed by a sharp decline. However, considering the strong community SpacePay has created, it is unlikely that it will also have to face such a dire fate.
Factor 3 – Seeing Legitimate Developments Within the Ecosystem
There is talking about the token’s upside potential thanks to its use cases, and then there is showing the community the use cases in real time. While the former is suitable for creating hype around the project, the latter is how long-term growth is achieved.
For now, SpacePay’s social media account, such as X, is full of posts highlighting which projects are landing on the market. For instance, Staking is coming to SpacePay soon. This post has generated passive engagement of over 1k likes. However, once the project has launched, SpacePay’s explosive potential will rely on people seeing these developments in action.
Factor 4 – Simplicity When it Comes to Crypto Payments
Those staying loyal to the crypto space want it to gain more traction among the players in the Web2 space. So far, the payment options have been limited. That’s where SpacePay’s simplicity when it comes to crypto payments could be the “rosetta stone” it needs to become the next big crypto in crypto space.
The project’s decision to integrate with a traditional payment card system is a right step in this direction. If this vision turns into reality, which is more likely because of the solid team running things behind the scenes, we will likely see the SPY token becoming one of the best utility-cryptos on the market. It could even give yearn.finance (YFI) a run for its money, thanks to its unique and sturdy ecosystem.
This might just be speculation, but the conversation around the SpacePay community continues to be positive.
Factor 5 – Strong and Doxxed Team
SpacePay is not a project that keeps the team hidden. There is a high degree of transparency here, with everyone from the CEO to the web3 marketing advisor having revealed themselves in the newspaper.
This means that customers have someone to hold accountable if the project does not perform as it should. It also means that these developers are confident in SpacePay’s success and will likely launch the app sooner rather than later.
Factor 6 – Award-Winning Platform
Finally, SpacePay already has an award under its belt. According to the official whitepaper, it has already been awarded “New Payment Platform of the Year” at the CorporateLiveWire Global Awards 2022/2023.
This underscores that the project is innovative, with more to come when the launch happens. This could be another reason SPY would explode in the future.
Final Words
The crypto market is volatile but is currently in the green zone, making it perfect for utility projects like SpacePay to make its entry. While still on presale, SpacePay has already proven how formidable it is thanks to its team and innovative attributes.
While external factors will still play a role in whether this crypto explodes in the short term, in the long term, SpacePay has enough features that could make it a viable investment.
To join SpacePay presale, visit the official website.
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.
