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Many crypto traders will tell you they are not particularly happy with 2024 so far. Even though Bitcoin hit a new all-time high in March, ever since then the market hasn’t been able to produce any bigger pumps. However, there’s growing optimism out there that the second part of this year might be much better.
As per the market situation, Ethereum (ETH), Solana (SOL) and SpacePay (SPY) could potentially be the three coins that can put on a decent rally in 2024. Let us find out why.
SpacePay bringing changes to crypto payments
SpacePay is a payment protocol that simplifies the integration of crypto payments with traditional card machines. This makes it easy for retailers to accept cryptocurrency.
What sets SpacePay apart is its support for over 325 different wallets. They also have a transparent pricing model that charges only 0.5% per transaction. The fixed transaction fees are regardless of the transaction size.
SpacePay’s APK is compatible with all Android POS terminals. Moreover, SpacePay doesn’t charge payment companies for hosting its APK on their devices.
A standout feature of SpacePay is its solution to crypto volatility. When a merchant receives cryptocurrency, it is instantly converted into the merchant’s native fiat currency. This saves them from price fluctuations.
The native token, SPY, is integral to the SpacePay ecosystem. The token distribution includes 20% for presale, 18% for strategic partnerships, 18% for marketing and community building, 17% for user rewards and loyalty, 12% for the reserve fund, 10% for development, and 5% for the team.
As crypto adoption grows, SpacePay can likely increase in value for what it offers to the community. You can participate in their presale by connecting through Coinbase, Best Wallet, or WalletConnect on their website and fund your purchase with ETH, USDC, or USDT.
Ethereum ETF approval could boost ETH
After so many days of anticipation and waiting, Ethereum ETFs were launched on July 23. The SEC’s decision is definitely going to bring a major positive impact on ETH in the long term.
The SEC gave the green light to eight asset managers who had submitted the applications to the regulator.
BlackRock’s head of digital assets had put out a LinkedIn post stating that “The launch of ETHA follows the iShares Bitcoin Trust, whose historic ascent to more than $20 billion in assets under management in its first six months reflects the substantial demand from investors to be able to access this asset class within the convenience of an exchange-traded product.“
This suggests that Ethereum could likely follow suit and hit new ATH in 2024 as ETH ETFs are expected to bring a steady inflow of funds to this asset.
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— SpacePay (@SpacePayLTD) July 25, 2024
Solana’s anticipated ETF and price surge
Solana has shown one of the strongest surges in the last year. SOL jumped from a yearly low of $17.4 to $209 before retracing to its current levels.
Solana is also quite reputable for its spread and cheaper transaction fees. This has also prompted several coins and notable trending meme coins to build on the Solana network.
The surge in popularity of SOL-based meme coins like dogwifhat (WIF), Popcat, etc has also helped the Solana blockchain.
Now that Ethereum ETFs have been launched, analysts are pointing their fingers toward Solana. Many anticipate the potential launch of a Solana ETF.
If this anticipation turns into a reality, this could help the price of Solana to skyrocket.
Conclusion
Even though all these coins are quite reputable for doing their own thing, SpacePay has the majority of the room to put out the highest price surge.
SpacePay team has planned for exchange listings in the future. This could help the coin’s price to rise from its current value of $0.00176.
The team has already raised over $320,000 so far via its ongoing presale. If you love what the project is doing for the crypto community, checkout their social media channels.
JOIN THE SPACEPAY (SPY) PRESALE NOW
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