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<img src="https://cdn.thebittimes.com/images/2024/02/14/1707914578.webp" width="800" height="533" alt="">
The crypto market may be kicking off another “golden bull run” in 2024. The Bitcoin price hit close to $52,000 on Wednesday and many experts project it to reach $100k this year, a monumental milestone that has been 16 years in the making.&nbsp;
<img src="https://lh7-us.googleusercontent.com/htTQUqjllBGf4j6p5r8FddmN2lkGlYKtTWhEEeShA_seUqFO_e_NNO8RZ-OcwQzF8fCm9auVWUVKXQSIgl_ncTB1QBepUs-Dbuy1A2anSUTYNaO8W0KJ1BnNhQj-G4hx73S0bEnEDf4wIT4zia6ebts" width="624" height="313" style="display: block; margin-left: auto; margin-right: auto;">
While the recently approved spot Bitcoin ETFs are expected to increase the institutional demand for BTC, the upcoming Bitcoin halving will cut its supply in half, creating the perfect combination for a strong price rally. The approved ETFs have recorded over $2 billion in inflows since Thursday last week.
Venture capitalist and popular bullish investor Tim Draper even expects BTC to trade as high as $250,000 in 2024.&nbsp;
The altcoins are expected to follow BTC’s lead, with many of them projected to significantly outperform their previous all-time highs. The Ethereum price could hit the $7,000 mark - thanks to BlackRock and other TradFi giants filing for spot ETH ETF - while $SOL could reach the $400 price point.&nbsp;
<h2 dir="ltr" id="span-best-cheap-crypto-with-100x-potential-span">Best Cheap Crypto With 100x Potential</h2>
Despite the optimism surrounding Bitcoin, it is extremely expensive to hold one BTC, over $51,000 at today’s price respectively. More importantly, due to its high market capitalization, investors looking to buy it today will only receive 2x - 3x ROI. Even mid-cap altcoins such as Polygon (MATIC), Dogecoin (DOGE) and Shiba Inu (SHIB) can generate only limited returns.&nbsp;
On the other hand, cheap cryptocurrencies with low market capitalization could offer 10x to 100x returns this year. Several low-cap cryptocurrencies such as Azure and PepeFork have already displayed explosive bull rallies in January and February - PepeFork (PORK) is up 25% in the past day. However, experts believe that there are many more such opportunities to come.&nbsp;
This list covers the best cheap crypto to invest in that could generate 100x returns.&nbsp;
<h3 dir="ltr" id="span-bitcoin-minetrix-btcmtx-span">Bitcoin Minetrix ($BTCMTX)</h3>
<a href="https://shrt.care/f24415e8?referrer=which-crypto-to-invest-in-best-cheap-cryptocurrencies-with-100x-potential" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Minetrix</a> is a decentralized cloud mining project that simplifies BTC mining for small-scale investors. Its native cryptocurrency - $BTCMTX - is currently in its presale phase and has already raised close to $11 million in a span of just a few weeks.&nbsp;
<img src="https://lh7-us.googleusercontent.com/vl4jjt2znf3sfrAHpFEoa2r4wVH-UsJMADhwed77EbTzHOVSvErv15w2OJyNvTfKlwpnS7FDkHE_3s-ZyNzVjfl2evuVY2xnQ3QKZfKCyedQgUhHBYM11HE8wPkNprbwY2ndCr0MZdMib2A6lVckYxU" width="624" height="325" style="display: block; margin-left: auto; margin-right: auto;">
Small-scale retail investors have been phased out of the crypto mining industry for over a decade, and replaced by wealthy corporations. The capital investment and technical expertise required to run a successful mining operation is simply too high. On the other hand, Bitcoin Minetrix allows users to earn mining rewards simply by staking $BTCMTX tokens.&nbsp;
Minetrix mines Bitcoin on behalf of the investors, later distributing the accumulated rewards in proportion to their initial investment. Additionally, stakers will also earn staking rewards, starting from the presale itself.&nbsp;
The crypto mining industry is set to become extremely profitable during the oncoming bull run. Mining stocks such as $RIOT, $HUT and $CLSK have already experienced impressive growth in the past few months. Thanks to its innovative utility, experts are also bullish on $BTCMTX, some even projecting it to offer <a href="https://youtu.be/ARD7LHpC_sM?si=Uw_3j3MWnk5xqtRQ" target="_blank" rel="noopener noreferrer nofollow">100x returns</a>.&nbsp;
The Bitcoin Minetrix project has also announced a $30k airdrop in which 10 lucky investors will win $3k worth of $BTCMTX tokens.&nbsp;
<h3 dir="ltr" id="span-meme-kombat-mk-span">Meme Kombat ($MK)</h3>
<a href="https://shrt.care/b591bffa?referrer=which-crypto-to-invest-in-best-cheap-cryptocurrencies-with-100x-potential" target="_blank" rel="noopener noreferrer nofollow">Meme Kombat</a> is a new Play-To-Earn meme coin that has witnessed strong demand in its presale, quickly raising close to $9 million.&nbsp;
<img src="https://lh7-us.googleusercontent.com/0im122p5vUQBYnbiPUl6TMETBEOjrFdDsEjh2xvESZNbYKqfnYCHHBcC8ltie7CWeyL-Y-BNjvUGZKohqKaBXtipvFkpubDlVh-Hc5b5uTERAUlynXeEeejgVYyBCS36Anpq-rNkMirpWrREc_TlF1Q" width="624" height="371" style="display: block; margin-left: auto; margin-right: auto;">
In line with the latest trend, Meme Kombat is a high-utility meme coin, featuring staking, gaming and even artificial intelligence. Its Play-To-Earn game will showcase “the battle of meme characters” - 11 mascots of popular tokens such as Doge, Shiba, Floki, Pepe, Milady Meme Coin and more - will engage in AI-simulated battles, allowing players to bet on their favorite champion.&nbsp;
This innovative concept capitalizes on the already-established communities of the aforementioned meme coins, paving the way for its strong growth during the upcoming bull market. More risk-averse investors who are not interested in betting can simply stake their $MK tokens and earn passive income, currently at an APY of 108%.
However, Meme Kombat’s most attractive feature is its commitment to security and transparency - qualities that most new meme coins lack. Instead of keeping their developer team anonymous like most meme tokens, the identity of all key members behind the project has been revealed, including its founder Matt Whiteman. This significantly reduces the risk of any scam or rug pull.&nbsp;
Analysts such as <a href="https://youtu.be/0LrkIYs9xPA?si=yfUnwkQpgOnk7fmV" target="_blank" rel="noopener noreferrer nofollow">Matthew Perry</a> are predicting Meme Kombat to follow in the footsteps of $PEPE and $PORK and generate up to 100x returns, making it one of the best cheap cryptocurrencies to invest in.&nbsp;
<h3 dir="ltr" id="span-sponge-v2-spongev2-span">Sponge V2 ($SPONGEV2)</h3>
<a href="https://shrt.care/eb563bf4" target="_blank" rel="noopener noreferrer nofollow">Sponge V2</a> marks the evolution of the Sponge meme coin, which was one of the most successful tokens during the 2023 meme coin mania.&nbsp;
<img src="https://lh7-us.googleusercontent.com/J8XH8hNFvjpAsRsem8IxYXsxZ0anVsp46YFaO7fhX4bxFoHYKWu4hxvuCKBkd5G08EvIpk-vFerTPqSOW24u8b8z7j_YYP5iZphjEnu3UvR2sJDLPPhAJqSJNFMYNi57TqLirhXcTOoA8kXTlV0sVmQ" width="624" height="388" style="display: block; margin-left: auto; margin-right: auto;">
The OG Sponge token launched with a market cap of just $1 million and surged to a valuation of over $100 million - 100x returns in just a few weeks. The meme coin launched on a number of top-tier CEXs and DEXs including Uniswap, Bitget, MEXC, Poloniex, etc. boasting hundreds of millions in daily trading volume.&nbsp;
However, the developer team behind the project now has even more ambitious goals with Sponge V2, aiming to launch it on “bigger and better” exchanges, which could be a hint towards Binance. The new meme coin will look to replicate its predecessor’s performance, offering 100x returns to early buyers.&nbsp;
Several deep-pocketed crypto whales have already made sizable investments into Sponge V2. For instance, Justin Sun, the founder of Tron blockchain, has a sizable holding of the meme coin, worth over $4 million. <a href="https://youtu.be/9Dcmhqnri24?si=WHhWoNYY1LEbfEpN" target="_blank" rel="noopener noreferrer nofollow">Michael Wrubel</a>, a popular crypto YouTuber with over 300k subscribers, also purchased $SPONGEV2 early, considering he was one of the $SPONGE holders who made 100x profits last year.
Sponge V2 holders can also stake their tokens and earn passive income at an APY of 195%.
<h3 dir="ltr" id="span-etuktuk-tuk-span">eTukTuk ($TUK)</h3>
<a href="https://shrt.care/2b1f1a58?referrer=which-crypto-to-invest-in-best-cheap-cryptocurrencies-with-100x-potential" target="_blank" rel="noopener noreferrer nofollow">eTukTuk</a> is a green AI-powered cryptocurrency that is facilitating the sustainable transportation revolution. Its native cryptocurrency - $TUK - is currently available in the presale at a price of $0.0265 and is one of the best cheap cryptocurrencies with 100x potential. The presale has already raised close to $1 million.
<img src="https://lh7-us.googleusercontent.com/kEgJ4GeNAxteVmKiknMH2j_x4tIb2zIbbLeYGOt9rB1dzX3tktwWRmjOOfjIF_sw0FQQo7cIBnqnhq9ARHehq4q4x_tGaBeJrI0PGZbiSU5otgFFXgDt14agWMhLPcye-XuxngQDHkh5X9wjmHDRp84" width="624" height="356" style="display: block; margin-left: auto; margin-right: auto;">
The eTukTuk project is making EV-based TukTuks more feasible in developing countries by building sustainable charging infrastructure. It will also build zero-emission vehicles that can be put together with as few as 200 components, most of which can be sourced locally.
Analysts believe that the $TUK token has enormous potential in the upcoming bull market, considering the growth potential of the EV industry. The electronic vehicle charging station market alone is expected to grow at a CAGR of 42% and hit the $30 billion mark by 2028.
eTukTuk has announced Sri Lanka as its first territory - however, it will soon spread to several other developing nations.&nbsp;
Interested buyers can become a part of this global revolution by purchasing $TUK token in the presale - either through bank cards or by swapping ETH, BNB or USDT tokens. They can then stake their tokens for accruing passive income at an APY of 222%.
<h3 dir="ltr" id="span-smog-smog-span">Smog ($SMOG)</h3>
Solana-based meme coins have been significantly outperforming their ETH-based counterparts during the ongoing bull market, largely due to the ongoing Solana price bull rally.&nbsp;
Following in the footsteps of Bonk, Wen, Myro and Dogwifhat, the <a href="https://shrt.care/1055c6b7?referrer=which-crypto-to-invest-in-best-cheap-cryptocurrencies-with-100x-potential" target="_blank" rel="noopener noreferrer nofollow">Smog</a> meme coin is now attracting significant interest from investors - witnessing 1000% growth on its first day after launch on the Jupiter exchange. $SMOG has appreciated close to 50% on Wednesday itself.&nbsp;
<img src="https://lh7-us.googleusercontent.com/qDlKEHslQU8tqPadSPOTqES-DSH8zQbWhUD2DJ-EDj79AQ8TFMA_X4AlLZSoe61yUlzWRzManr0Xrtjpf4YCGF8B7c_sk_a7j9WHU3VO4L01ub3KCJw8NEJZgmiaqQX8INspEfkOmlPcSzX6DaTP-4A" width="624" height="428" style="display: block; margin-left: auto; margin-right: auto;">
Smog is a dragon-based meme token that promises the best airdrop in Solana history, aiming to reward 10000 loyal community members. Investors will simply need to purchase and hold $SMOG, along with completing simple quests on <a href="https://zealy.io/cw/smogtokenairdrop/questboard" target="_blank" rel="noopener noreferrer nofollow">Zealy</a>, to earn airdrop points.&nbsp;
However, after its launch on Solana, the Smog meme coin has also launched on the Ethereum chain. Investors can buy Smog on Ethereum at a 10% discount and freely bridge their tokens between the two chains. This also allows them to stake their tokens and earn passive income - currently at an APY of 42%.
A Solana-based meme coin that offers staking and an exciting airdrop ticks all the right boxes in the current meme coin market, paving the way for Smog to become one of the best cheap cryptocurrencies to invest in 2024 wise.
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/which-crypto-to-invest-in-best-cheap-cryptocurrencies-with-100x-potential-pepefork-smog-sponge-v2-tbt79801.html">https://thebittimes.com/which-crypto-to-invest-in-best-cheap-cryptocurrencies-with-100x-potential-pepefork-smog-sponge-v2-tbt79801.html</a>

Which Crypto To Invest In? Best Cheap Cryptocurrencies With 100x Potential - PepeFork, Smog, Sponge V2

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