Bitcoin ETFs have recorded their seventh consecutive day of net outflows, with BlackRock’s IBIT seeing its highest single-day withdrawals since launch. On Feb. 26, the 12 spot Bitcoin ETFs saw $754.53 million in net outflows, following $1.14 billion the previous day.
BlackRock’s IBIT lost $418.06 million, while Fidelity’s FBTC extended its losing streak to seven days with $145.69 million in withdrawals. Other major ETFs, including ARK, 21Shares, and Grayscale’s GBTC, also faced losses. Despite these outflows, ETFs have still accumulated a net inflow of $37.12 billion since launch.
As Bitcoin ETFs struggle, investors are turning to the next big cryptocurrency, like DexBoss (DEBO), a DeFi-powered trading platform offering innovative financial solutions and strong long-term growth potential in the evolving market.
The Next 8 Big Cryptocurrency:
The cryptocurrency industry is experiencing an unprecedented development, and projects that are being launched have the potential to bring about massive changes in various industries. Amongst them are DeFi, blockchain gaming, and scalable networks, projects which are introducing unique innovations in the market. Here, we have enumerated a list of eight promising cryptocurrencies that require a keen eye to watch in 2024:
DexBoss (DEBO)
Aureal One (DLUME)
Chainlink (LINK)
Polygon (MATIC)
Terra Classic (LUNC)
Arweave (AR)
Fantom (FTM)
Cosmos (ATOM)
1. DexBoss: A Promising DeFi Solution
DeFi is the rapidly growing sector in digital finance and DexBoss is unmatched because it aims to marry the two worlds (i.e. traditional finance and digital assets). Through its native token, $DEBO, the project provides a platform that is convenient for the user and deals with the most pressing issues in DeFi such as high transaction fees, the absence of liquidity, and the difficulty in managing interfaces.
Click here to know more about DexBoss
The DexBoss presale will be spread out over 17 rounds, and it will begin at $0.01 for each token giving the opportunity to early investors to profit from up to 405% appreciation before going public. The platform is supported by deep liquidity pools and real-time order execution, thus facilitating easier trading for users. It is evident that the presale hopes to raise $50 million through the issuance of 1 billion $DEBO tokens, and it will distribute 50% to early investors. Currently, $DEBO is $0.01, and the platform will be officially launched in Q2 2024.
2. Aureal One: A Revolution in Blockchain Gaming
Aureal One, a blockchain gaming and metaverse project, is offering high-speed transactions and minimal gas fees as two crucial elements for gaming ecosystems. The sick token that goes with it, DLUME, on the one hand, is literally the gas for the network and the game’s money on the other project built under the Aureal One network can be used.
The primary activity of the ICO is that the buyers can buy BSC tokens, and later APC will change them into DLUME tokens once blockchain gets active. Started at $0.0005, the future value of DLUME around $0.0045 is foreseen[i] in Round 21[/i]. Zero-Knowledge Rollups are used on the platform, which leads to better scalability, lower transaction costs. Clash of Tiles, one of the Aureal One’s first major gaming projects, is under development and it is a perfect example of the ecosystem’s potential. At the moment, DLUME on the other hand is valued at $0.0011, so there is a sign that the investors are becoming more interested.
3. Chainlink (LINK): Powering Smart Contracts
Chainlink is undoubtedly unrivaled in the crypto space as they organize decentralized oracle services that enable smart contracts to mirror real-world data. With blockchain development a function happening mostly at the top, the centralized platforms are not seen as having that much utility. LINK is priced at around $7.50, it is a choice-based on what its demand is in the DeFi and other market sectors when it comes to utility tokens.
4. Polygon (MATIC): Scaling Ethereum’s Future
Due to the unresolved scalability problems with Ethereum, Polygon is a Layer 2 scaling solution that sustains transaction speed and drives down the costs of running transactions. The project experiences substantial adoption rates in both the DeFi and NFTs realms. The price of the Polygon project is estimated at around $0.50, which still provides a profitable market for investors who decide to trust Ethereum throughout its longer-term enlargement.
5. Terra Classic (LUNC): A Comeback Story
After the collapse of Terra, Terra Classic (LUNC) has been able to keep its status through decentralized finance applications as its main focus. The token, which is valued at around $0.00016, provides an opportunity for investors who are interested in the success of a reborn Terra ecosystem.
6. Arweave (AR): Permanent Data Storage on Blockchain
Arweave comes up with an innovative way of storing data by allowing users to pay once for permanent storage: a real game-changer in a world that is more and more data-driven. The current price is about $10 in the market; still, Arweave remains in demand due to the fact that it represents a blockchain way of storing data.
7. Fantom (FTM): A High-Performance Blockchain
Fantom’s low cost and high speed transactions have made it one of the go-to blockchains for DeFi apps. In this cost and realization this sheet is priced at $0.40, its simplicity and scalability are making it look as a very promising investment in the future of the blockchain platforms.
8. Cosmos (ATOM): The Internet of Blockchains
Cosmos comes with an idea of designing a chain of interconnected blockchains that can communicate with minimum hassle. Apart from bridging the blockchain gap, Cosmos has a very persuasive vision over the long. For $10 a token, Cosmos continues to confirm its place in the multi-chain blockchain world.
Conclusion
As the cryptocurrency landscape continues to change, the next big investment opportunity can certainly be these projects. DexBoss is a highly interesting DeFi solution, and Aureal One is a true pioneer in the field of blockchain gaming. At the same time, data of these big players, such as Chainlink, Polygon, and Cosmos, are still extremely significant for the future of blockchain.
To succeed in investing in upcoming cryptocurrencies, you need to carefully study the field of their value propositions, relevance to the market, and scalability. In today’s world of moving targets, the key to successful cryptocurrency investment will be the right strategies and diversificational of the right investments.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
