Lido DAO, Bonk, Arbitrum Among Top Crypto Gainers; Which Coins Could Pump Next?

While most cryptos are in the red, Lido DAO, Bonk, and Arbitrum have seen outsized gains, pumping 16.98%, 2.87%, and 12.22% respectively.

But looking ahead, other cryptos are poised for even more significant gains as they continue to build momentum. These projects are Meme Kombat, Chainlink, Sponge V2, Bitcoin Minetrix, and Injective Protocol. With that in mind, let’s explore each in more detail.

Meme Kombat

Meme Kombat is a new GambleFi project enabling users to bet on AI-generated battles between meme coin characters. Its blend of gambling utility and meme coin allure has made it a hit with traders and analysts, resulting in a massively successful launch.

Currently, it is undergoing a presale, having raised $6.5 million so far. The ongoing presale enables those who buy today to get in at its lowest price, maximizing their upside potential.

Prominent YouTuber Austin Hilton dubbed Meme Kombat “one of the coolest crypto projects” he has “ever seen.”

Meanwhile, Michael Wrubel speculates it could be the “next 100x meme gaming crypto.”

One of the project’s main draws is its unparalleled sophistication. It hosts an augmented battle arena where players can watch and gamble on the fights from up close. There are also various game modes to play, and it leverages traditional odds mechanics for an engaging and realistic betting experience.

Users bet with the $MK token, providing a steady demand stream to help prop up its price long-term. Furthermore, users can stake their tokens and earn a 144% APY. However, this decreases as the staking pool grows, incentivizing investors to buy the Meme Kombat presale early.

Chainlink

In recent weeks, Chainlink has undergone unprecedented success in the social realm, becoming one of the most talked-about projects on X. However, its price has yet to catch up, leading many to believe a significant uptick could be imminent.

Chainlink is one of the few cryptos in the green this week, up 2.57%. While it remains down 12.35% this month, a recent trail of higher lows indicates momentum could be shifting bullish.

Currently, Chainlink is the 13th largest cryptocurrency, holding a $7.9 billion market cap and a $552 million 24-hour trading (up 18.38%).

One of the reasons Chainlink’s popularity is growing is its focus on bringing real-world assets (RWAs) to the blockchain in a secure and decentralized manner.

Analyst Don explained that Chainlink now has 2438 integrations and allows “RWA tokens to come into existence.”

The tweet was published on Tuesday but already amassed 19K views, illustrating the support for Chainlink’s RWA narrative.

Meanwhile, Kara Szabo speculates the potential ETFs of Bitcoin and Ethereum would be worth more if they were linked together on-chain, “and the only way to make this happen is LINK.”

Sponge V2

Alongside Pepe’s meteoric rise in 2023, another lesser-known meme coin also made eye-watering gains. The project was called Sponge and became renowned as an unassuming meme coin goliath, bagging early investors a 100x ROI and surging to a $100 million market cap.

It also secured listings on over ten prominent exchanges and amassed 13K holders and 30K social media followers in its opening days.

However, the Sponge team is back, looking to absorb looming new bull run liquidity with a new rendition, Sponge V2. The project holds innovative utility through a Play-to-Earn (P2E) racing game, providing more long-term potential.

Analysts are confident Sponge V2 will give investors who missed the original Sponge another shot at life-changing returns, with Crypto Gains speculating it “could 100x like the first one.”

Yet, those looking to buy Sponge V2 will be pleased to know it is still in its early stages, currently undergoing a prelaunch buy and stake campaign. This means the only place to buy it is on the Sponge.vip website, where tokens will be staked and earn an additional yield until the campaign ends.

However, with its popularity growing, market participants are running out of time to buy Sponge V2.

Bitcoin Minetrix 

Bitcoin Minetrix is a revolutionary protocol enabling holders to cloud mine BTC effortlessly. Given the prominent Bitcoin narratives (ETFs and the April 2024 Bitcoin halving), Bitcoin Minetrix has seen immense success recently.

It is currently undergoing a presale, meaning investors still have the chance to get in early. However, word is quickly spreading, with the presale recently hitting $8 million and top analysts rallying behind the project.

YouTuber ClayBro recently explained to his 116K YouTube subscribers that Bitcoin Minetrix “Could be the easiest way to mine Bitcoin.”

Moreover, it has even been touted as a 100x crypto by analyst No Bs Crypto.

Bitcoin Minetrix works by users staking $BTCMTX tokens in exchange for Bitcoin mining credits. They can then burn these credits for cloud mining power, translating to free Bitcoin. 

This process makes mining effortless, with no hardware or technical expertise required. As such, anyone can start using Bitcoin Minetrix, earning passive income and simultaneously contributing to the Bitcoin Network’s security.

The decentralized and user-owned nature of $BTCMTX also eradicates the risk of cloud mining scams, making it a safer alternative to competitor cloud mining solutions.

Currently, the Bitcoin Minetrix presale price is $0.0127, but this will rise incrementally throughout, with the next hike occurring in 18 hours.

Injective Protocol

The last crypto displaying bullish momentum is Injective Protocol. After a parabolic run in Q4 2023, INJ has just created a new all-time high of $45.19. 

Currently, Injective is down 11.71% today but up 10.57% this week and 95.31% this month.

However, it still holds plenty of room for growth with a $3.1 billion market cap, making it the 29th largest cryptocurrency. Meanwhile, its 24-hour trading volume is $293 million, down 20.67%.

In a recent analysis on X, prominent trader Captain Faibik forecasted that “another leg up” is coming for INJ, highlighting that it is forming a bullish flag on the 12-hour time frame price chart.

Injective Protocol is a “blockchain built for finance,” aiming to provide fast, scalable, and secure transactions with deep liquidity and multi-chain compatibility.

According to its website, the Injective network has processed 405,869,128 transactions with an average cost of less than $0.01 each and boasts a 0.8-second block time.

Furthermore, the Injective team recently announced it will launch its Volan Mainnet upgrade, packed with new capabilities, features, and improvements to take “the chain to a whole new level.”