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In addition to Bitcoin and Ethereum, Ripple (XRP) is known as another cryptocurrency considered for investment. Ripple was created to provide an alternative transfer method to the banking system. The company’s lawsuit with the SEC significantly affected the value of XRP.
In December 2020, the SEC alleged that Ripple was trying to obtain additional funds by illegally selling the XRP coin. He initiated a lawsuit against Ripple. But the SEC did not explain exactly how the company did this. This case is one of the most damaging events for Ripple. It is still debated whether Ripple is a bad investment or not.
Still, Ripple manages to be the 6th largest cryptocurrency by market value. Despite the skeptical attitude towards crypto markets, the coin became even more popular as many banks accepted Ripple technology. For example, in August 2020, India’s largest bank HDFC Bank Limited joined RippleNet. The company managed to collaborate with Bank of America in November 2020. It is known that the bank is the second largest bank in the USA.
In the eyes of many, Ripple is a digital asset used by giant world banks and financial institutions. The future of XRP will depend on the outcome of the legal dispute with the SEC. If the company can recover, it may make agreements with new financial companies. As a result, Ripple’s value may increase.
Currently, investors can watch the market news regarding XRP and wait for the company to resolve the issue. Positive news regarding Ripple technology will also likely strengthen the coin further.
Crypto investors looking for an alternative to Ripple are taking a look at Bitcoin Minetrix and the SMOG token, as reported by sponsored content. While Bitcoin Minetrix tries to revive crypto mining, SMOG token enters the crypto markets as a Solana-based meme coin. It is claimed that Bitcoin Minetrix token and SMOG token have attracted a lot of attention. Details of the projects are conveyed in this sponsored article.
Bitcoin Minetrix (BTCMTX) – New Look at Mining with “Stake-to-Mine”
Bitcoin Minetrix’s stake-to-mine protocol is determined to democratize Bitcoin mining. While the market is recovering before the BTC halving event, the new savior of the crypto market, the Bitcoin Minetrix project, is preparing to renew traditional Bitcoin mining with the “stake-to-mine” model.
The project’s model was developed especially for ordinary investors. Bitcoin Minetrix appeals to investors who do not need expensive hardware and do not have in-depth technical knowledge, but want to earn BTC.
The mechanism is simply that BTCMTX holders can stake their coins to obtain non-transferable “mining credits”. These credits are rewarded with cloud mining hash power, and this is actually how passive Bitcoin mining is done.
As a result, Bitcoin Minetrix’s innovative project opens the previously tightly closed door of crypto mining to ordinary investors by loosely eliminating hardware costs and significant power requirements.
Purchasing Bitcoin Minetrix tokens is made at $0.0135. There is a requirement to invest a minimum of $10 in the project. The project also offers investors an outstanding APY rate. As the pool expands, the APY rate will decrease. As of the time of writing, this rate is 61 percent.
So far, more than 687 million BTCMTX token holders have contracted their tokens. The popularity of the project also emerges from here.
The official launch of Bitcoin Minetrix is yet to come, but its developers already know that they want to introduce the token to major exchanges after the ICO is over.
This event is highly anticipated by the Bitcoin Minetrix community and they believe that the developers know the key to BTCMTX’s price increase. Michael Wrubel, who has more than 310 thousand subscribers, also thinks that the future of the token is bright.
Click to review Bitcoin Minetrix Token.
Smog Token (SMOG) – Solana-Based, Dragon-Themed Meme Coin
Those who purchased SMOG tokens in the first place had a pleasant week or two, as the altcoin’s value increased many times after the listing.
There were no pre-sales prior to release. Therefore, on February 7, the token was only available for sale at a value of $1 million. However, from that moment on, events accelerated and in the evening hours of February 11, the exchange rate hovered around $0.09.
SMOG, which is currently trading at $ 0.07342, increased its value by 47.85 percent in the last week. SMOG has managed to create significant waves in a very short time. This is mainly due to the extensive marketing campaign that has enabled the SMOG Telegram channel to currently have nearly 16 thousand+ members. He has more than 22 thousand followers on the official SMOG X account.
Undoubtedly, the most important part of the ecosystem is the constantly distributed airdrop gifts. In this way, you can earn money by connecting your crypto wallet to Zealy’s interface. After that you can complete various simple tasks and then earn points.
Finally, some of the regular airdrops will be transferred to your account in exchange for points you can use. You don’t need to think about anything complicated between tasks. To earn points, simply join the SMOG Discord channel and follow the project’s social pages.
35 percent of the total token pool will be allocated to regular airdrops. So control will truly be in the hands of SMOG supporters.
Click to review Smog Token.
Source : bitcoin minetrix, Smog