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Binance’s Bitcoin Open Interest (OI) figures recently surged by 3.30% to $10.96B. The United States Consumer Price Index statistics stimulated this rise, suggesting further US interest rate cuts may be forthcoming.
Should these rate reductions occur, the optimistic sentiment in crypto is likely to quicken – US investors will possess more disposable wealth to invest in higher-risk assets, such as cryptocurrencies.
This market enthusiasm indicates promising times for utility-centric coins like $MIND, $SOLX, and $FLOCK. They might even become the next top cryptocurrency to achieve 100x returns. Let’s investigate the reasons why.
1. Mind of Pepe ($MIND) – AI Agent Gathering Exclusive Crypto Insights
Mind of Pepe ($MIND) is capitalizing on the success of $PEPE (the third-largest meme currency with a $7.7B market capitalization).
In contrast to its forerunner, $MIND possesses tangible utility, which includes a self-sufficient AI agent that functions with minimal human supervision.
The AI instrument utilizes X to extract crypto insights from various projects, decentralized applications (dApps), social media groups, and prominent figures. It harnesses this data to forecast prices and provide invaluable trading benefits to presale investors.
Only holders of $MIND can tap into these insights, making it a compelling investment prospect, particularly if you manage to participate early. Another key advantage is staking (current APY at 1,196%, with over 292M tokens already staked).
It’s hardly surprising that the coin has successfully gathered a substantial $1.4M in presale ($500K in merely 24 hours), with ambitions to exceed this amount with sufficient community backing.
2. Solaxy ($SOLX) – Enables Token Transfers on the First Ever Solana L2
$SOLX might be the next cryptocurrency to take off as it enhances the functionality of the very first Solana Layer-2 (L2) blockchain.
Even though Solana was appreciated for its remarkable speed, it fell prey to its own triumphs. Solaxy aspires to unlock Solana’s complete capabilities by significantly improving the network’s scalability.
The L2 aims to accomplish this by handling substantial transaction volumes, thereby streamlining the process and mitigating failed transactions during peak usage periods.
This is made feasible by Solaxy taking advantage of the strengths of both Solana and Ethereum, effectively bridging the two principal ecosystems for ultimate victory.
Additionally, the meme token empowers the project’s governance and enables token transfers and staking (currently enjoying 331% staking rewards), all of which have contributed to the coin raising over $10M in presale.
It is the second meme coin to create an L2 network after Pepe Unchained’s ($PEPU) Ethereum L2, marking it as the very first Layer-2 in the Solana ecosystem.
$PEPU boasts an impressive $44.36M market cap, suggesting optimistic prospects for $SOLX once it is listed on cryptocurrency exchanges and garners increased interest.
3. Flockerz ($FLOCK) – Governance Rights to an Expansive Ecosystem
Flockerz has already drawn a remarkable $10M+ during its presale, attributable to granting token holders voting rights on its DAO-operated platform, Flocktopia.
The Vote-to-Earn concept is unprecedented in the sector, and it may be the key feature propelling $FLOCK’s value to greater heights after its listing.
Token holders can also earn additional $FLOCK each time they participate in determining the future direction of the ecosystem, whether by offering feedback on forthcoming changes or deciding on token burns.
What’s more, the staking initiative (offering a 271% APY) and robust social media traction, with 30.6K X followers and over 6K Telegram subscribers, also draw attention to the coin.
All these factors indicate that now is an opportune moment to invest in $FLOCK for just $0.0066883, especially given that its price is set to rise in six days.
4. Virtual Protocol ($VIRTUAL) – Tokenized AI Agent Ownership
Virtual Protocol ($VIRTUAL), a cryptocurrency initiative on Base that allows investors to possess shares in AI agents, is also leveraging the benefits of artificial intelligence.
Whenever the AI agents engage with users, they generate revenue, and the tokenized shares signify ownership of the earnings.
Furthermore, the coin serves as the foundation of a decentralized platform that integrates AI and Web3, facilitating digital interactions within virtual settings (including games and Metaverses).
Investors are drawn…
“`to its broad functionality, as indicated by $VIRTUAL’s 30.83% increase in daily trading volume and remarkable $2.43B market capitalization.
If the AI agent sector continues its current momentum, $VIRTUAL is likely to experience more favorable performance and greater highs.
This impact is expected to be amplified by the surge in popularity of AI agents developed on the Virtuals Protocol, such as Luna ($LUNA), which increased by 677% in the previous year.
5. XDC Network ($XDC) – Rises 22.13% Following High DeFi TVL
Finally, we have XDC Network ($XDC), which has risen by 22.13% in 24-hour trading volume due to its DeFi TVL reaching its highest mark since 2022.
This increase has boosted the coin’s market cap to $2.07B.
$XDC serves as the foundation of XDC Network’s hybrid blockchain system, which digitalizes and optimizes various operations (including letters of credit) to assist businesses and developers in mitigating risks.
It merges both private and public blockchains to establish a secure and effective ecosystem.
The native token enhances the ecosystem by executing smart contracts, covering transaction fees, and protecting the network, each of which contributes to its value as an investment opportunity.
The XDC Network stands out as one of the leading RWA (real-world asset) tokenization initiatives in the market, positioning it advantageously.
With the RWA sector projected to reach $50B by 2025, $XDC is set to gain and attract substantial investor interest.
US Rate Cuts Could Propel Crypto Coins
With potential rate cuts on the horizon, cryptocurrencies such as $MIND, $SOLX, and $FLOCK may emerge as the next big opportunity for crypto to 100x.
Upon joining crypto exchanges, they might replicate the achievements of $VIRTUAL and $XDC, which have surged by 37,099.27% and 179.42% since their listings.
Nonetheless, prior to making any investment choices, ensure to conduct thorough research and never invest more than you can afford to part with.
