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The crypto market is moving toward an exciting period.
With BTC predicted to touch $100,000 by the end of the year, another bull season is just around the corner. Bitcoin won’t be the only crypto to benefit. Top cryptocurrencies backed by highly market-relevant utilities are expected to follow suit. New altcoins, in particular, have a promising road ahead.
The latest cryptocurrency to win attention is $SPY. It is the native token of the award-winning crypto payment solution SpacePay, estimated to reach 4.5 million devices across nine countries in 2024.
Here is an analysis of the new altcoin and whether it lives up to the hype.
Why SpacePay is Going Viral
SpacePay recently launched the public presale of its native token $SPY. The project has already raised $750,000 in its private presale and earned the attention of global strategic investors. In addition, it has won the prestigious “New Payment Platform of the Year” award at the CorporateLiveWire Global Awards 2022/23.
The project’s growing popularity is rooted in its innovative payment solution set to transform how we use cryptocurrencies. SpacePay aims to make cryptocurrencies viable for daily purchases. From grocery runs to online shopping, SpacePay brings the mainstream adoption of crypto closer.
Although cryptocurrencies have steadily found their way into more and more investors over the years, they are not suitable for everyday payments.
Merchants are eager to unlock the new generation of investors through crypto integration. But the high volatility of cryptocurrencies remains a formidable challenge.
SpacePay (SPY) seamlessly integrates with standard card machines and bridges the gap between traditional finance and cryptocurrencies.
Currently in its private beta phase, SpacePay is setting the stage for mainstream crypto adoption. Crypto payments can be initiated through the platform by scanning a QR code, whether you’re shopping online or in-store. The platform is planning to launch an e-commerce API to seamlessly integrate its payment solutions into online merchant platforms soon.
Using a decentralised Near Field Communication (NFC) technology, it will offer secure transactions.
Once launched, the comprehensive solution will enable merchants, payment companies, and consumers to handle crypto transactions with ease.
The Next Big Altcoin of 2024?
From gaming and art to finance, cryptocurrencies are everywhere. Their practical relevance, however, remains a mystery to the masses.
For most people, they are just assets for pump-and-dump schemes. Since assets like meme coins have little more than speculation supporting their value, the assumption makes sense. Many crypto investors stick to short-term strategies, as a result.
The trend is healthy for the investor as well as the market.
Blockchain is a revolutionary technology that aims to bring decentralisation to a wide range of industries and make them accessible to more people. The development and growth of the industry depend on innovative projects with relevant utility. Projects like SpacePay are integral to the industry’s road ahead.
That explains why strategic investors are joining the $SPY presale before the token makes its way to exchanges.
Amidst the sea of speculative tokens, SpacePay stands out with its tangible utility. The real-world application of the project strengthens the market’s prospects. It is one of the most promising altcoins to enter the market this year.
Competitive Pricing, Widespread Compatibility
Many crypto payment solutions are confined to popular assets like BTC and ETH.
SpacePay supports a vast array of cryptocurrencies across 325 wallets, addressing the fact that investors have been diversifying into more assets over the years. From MetaMask to Trust Wallet, Coinbase Wallet, and Ledger Nano S, SpacePay is compatible with a wide range of wallets.
Competitive pricing is another attractive feature of the platform. Merchants can integrate SpacePay for low fees, and it’s fee-free for users and payment companies.
What about the market volatility? How does that affect merchants?
SpacePay protects merchants from the high volatility of the crypto market. They can opt for payouts in preferred traditional currencies. The innovative solution allows users to connect with the growing demographic of crypto users.
A Credible Project with High Market Relevance – Presale Now Open
Anonymity suggests a lack of confidence and accountability. Yet, many crypto teams prefer to stay anonymous. But not SpacePay.
Being grounded in a utility project with real-world relevance, the SpacePay team is public and actively engages with the community on social media platforms. Headquartered in London, SpacePay is steered by founder Maxwell Bunting.
The project follows measures like third-party security audits of the smart contract and vigorous beta testing to strengthen its credibility. It is also committed to financial regulatory compliance right from the beginning.
SpacePay has a revenue-sharing model in place to sustain the long-term price action of the token. With the promise of passive income, it discourages sell-offs and encourages holding. The project will introduce loyalty incentives, airdrops, and participation rewards to further fuel community engagement.
SpacePay is gearing up for a grand entry into the crypto market. It wouldn’t be surprising to see $SPY climb up the charts on its exchange launch, stealing the spotlight from top altcoins like Ethereum and Solana.
Before that, investors can grab $SPY tokens at the ongoing presale.
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