Recently, Coinbase conducted research on five cryptocurrencies that could potentially see a Coinbase listing in 2024 based on their impressive growth and utility — SMOG, Bitcoin Minetrix, Meme Kombat, Sponge V2, and eTukTuk. These projects seem well-positioned to continue gathering momentum this year.
SMOG
SMOG is a unique meme coin that originated on the Solana blockchain in early February 2024. It rapidly gained attention thanks to an innovative airdrop rewards system that incentivises buying and holding SMOG. Within just its first few days, SMOG achieved a market capitalisation exceeding $60 million. However, a major price retraction occurred when a whale-sized early holder sold off $150k worth of tokens.
Yet SMOG soon bounced back, showing remarkable resilience. Its current market cap sits around $60 million again as the price hovers near its all-time high of $0.075. Major exchanges take note when coins demonstrate this kind of grassroots support, and the airdrop rewards for holding SMOG remain an ingenious growth hack. SMOG has even expanded to ERC-20, allowing investors to purchase the token on Ethereum.
Due to SMOG’s unique tokenomics, holders of the token receive “airdrop points” over time as a reward. In the future, 35% of the total supply of SMOG will be awarded to the community through a massive token distribution event. Holders can also earn additional points by completing certain social media tasks like joining SMOG’s Telegram channel.
With such clever tokenomics and organic community building already in play, SMOG seems to be set to garner the traction needed for a future Coinbase debut.
Bitcoin Minetrix
Bitcoin Minetrix fills an interesting niche — allowing holders to earn redeemable Bitcoin mining credits simply by staking the Minetrix (BTCMTX) tokens. It aims to open up Bitcoin mining profits, historically reserved for those able to invest in expensive equipment and electricity, to everyday crypto investors.
During its presale alone, Bitcoin Minetrix managed to raise upwards of $11 million. The current token price sits at $0.0135. The Minetrix roadmap includes releasing a user-friendly mining dashboard, enabling Hash power boosts through credit burns, and facilitating actual BTC withdrawals. Of the total supply, 42.5% will help finance Bitcoin mining operations to back the system.
By finding a way to distribute Bitcoin mining rewards in a decentralised manner, Bitcoin Minetrix targets a unique value proposition that could contribute to its appeal.
Meme Kombat
Meme Kombat plans to gamify decentralised meme culture by pitting iconic internet characters against each other in AI-adjudicated battles. These bouts promise to produce unpredictable outcomes impartial to either fighter. Users can bet on match results using the native $MK token for a chance to snag rewards. Or they can simply stake their $MK to generate yield.
Over $8.8 million poured into the Meme Kombat presale as enthusiastic investors jumped aboard the project. Season 1 should launch in Q1 2024, delivering the first chance to put those $MK tokens to use predicting Kombat victors.
Spotlight WireWith professional auditing and a clear commitment to community-led growth, Meme Kombat seems tailored to capture the crossover appeal between gaming and memes, making it one to watch out for on Coinbase.
With 11 meme characters and various betting options, Season 1 of the Meme Kombat ecosystem launches immediately after the platform goes live. And there is betting, where users can bet on the outcomes of battles using $MK tokens, with winners earning an additional $MK and other incentives.
eTukTuk
This eco-conscious initiative wants to accelerate the global transition from gas-guzzling vehicles to electric alternatives. However, rather than relying on centralised manufacturing and infrastructure, eTukTuk takes a decentralised approach. It will use crypto token incentives to motivate a distributed network of electric vehicle (EV) owners, charging station hosts, app developers, and partners to drive mass EV adoption starting in developing nations.
Investment enthusiasm already runs high, with over $1 million contributed throughout the ongoing token presale. eTukTuk’s brilliance rests in understanding that crypto aligns perfectly with enabling a crowd-sourced movement away from fossil fuel dependence.
The project aims to deploy electric vehicles, charging stations, and optimised AI systems across developing regions to drive the transition away from combustion engines. Therefore, eTukTuk is essentially a transportation-based decentralised physical infrastructure network that rewards drivers, charging station hosts, developers, and other contributors with TUK token rewards on both BNB Chain and Cardano.
Sponge V2
As an evolution of the original Sponge token, Sponge V2 will transition its infrastructure to the Polygon network for faster and cheaper transactions. V1 holders can stake their tokens to receive the upgraded V2 versions or new buyers can purchase Sponge V2 directly with ETH, USDT, or fiat currencies.
Beyond the blockchain migration, Sponge V2 has broad aspirations around play-to-earn gaming, NFT integrations, and staking rewards up to 194% APY. Over $9 million worth of tokens have already been staked in anticipation of the launch. Sponge V2 also intends to actively pursue premier exchange listings, with Coinbase likely on its radar.
For a project targeting the popular world of Web3 gaming, gaining better visibility through top-tier exchange integration could significantly propel adoption.
Which coin will Coinbase list next
Based on tech innovations, fervent communities, and green credentials, SMOG, Bitcoin Minetrix, Meme Kombat, Sponge V2, and eTukTuk seem primed to continue making positive momentum in 2024. Their unique value propositions could catch the eye of Coinbase as prime listing candidates.
We’ll have to wait and see if the Coinbase effect contributes to their future growth stories. However, the bullish case certainly exists for these altcoins to capture more of the spotlight this year.
Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.
(You can now subscribe to our ETMarkets WhatsApp channel)
