As the crypto bull market matures, interest in web3 start-ups naturally continues to grow, with investors looking to diversify funds to some top Ethereum ICOs and presales.
The simplest way to get involved, and ideally make money, in crypto is simply by buying and holding major tokens.
Bitcoin (BTC), last trading around $64,000, could well hit $100,000 this year. That’s thanks to a combination of tailwinds from spot ETF demand, the halving, and Fed rate cuts.
Ether (ETH), despite regulatory uncertainty in the US, could also hit all-time highs above $5,000. ETH was last in the $3,300s.
So HODLing blue-chip cryptos could deliver decent gains this year.
Investors and traders have also increasingly been turning their focus to smaller, lesser-known altcoins and meme coins this year.
Blockchains like Solana and Avalanche have seen big price run-ups, partly driven by surging meme coin trading activity.
However, one often overlooked way to make a good return in crypto is by investing in crypto start-up presales.
A presale is where an up-and-coming web3 project that needs to raise funds for development launches an ICO.
These tokens are usually offered at a very favorable valuation, handing early presale investors the chance to make 100x gains.
Of course, that’s assuming that the web3 project delivers on its vision. Presale/ICO investing is, of course, very risky, much like traditional start-up investing is.
Ethereum is still the blockchain of choice for web3 start-ups to launch their tokens. That’s because Ethereum is the most liquid and widely used of all the major blockchains.
That being said, here are some of the top Ethereum ICOs and presales to watch right now.
Top Ethereum ICOs and Presales to Watch Right Now
Umoja ($UMJA)
DeFi protocol Umoja, which allows traders to tokenize their trading and yield-generating strategies, has already raised over $4 million in seed funding.
The smart-money protocol is looking to raise another $6 million in cooperation with Ignition soon.
🔥@UmojaProtocol joins Ignition!
Another launch is approaching Ignition.
Umoja pioneers the world’s first smart money protocol, empowering anyone to craft smart money. By integrating automated investment strategies into digital assets, Umoja enables tokens to autonomously… pic.twitter.com/nKMxxFe4q9
— PAID NETWORK (@paid_network) March 21, 2024
Interest investors can register their account at ignition.paidnetwork.com.
The project’s beta has already launched on Arbitrum and Ethereum, generating over $2.5 million in notional volume in just a month since its launch last month.
With all that said, Umoja could become a top Ethereum ICO.
Dogecoin20 ($DOGE20)
A promising new token called Dogecoin20 being watched by analysts at Cryptonews could be just the ticket.
Dogecoin20 is a rework of the meme coin Dogecoin beloved by Elon Musk that just launched in presale. It features the familiar Dogecoin brand but is based on Ethereum, and offers a staking option.
That means presale investors can generate an impressive passive income, which was around 156%, per the project’s dashboard.
It shouldn’t be surprising that the meme coin has already raised over $6 million.
Interested investors should move quickly to secure their tokens ahead of the next price rise when the $6.316 million mark is hit.
At a current price of $0.000202, investors are able to buy into the token at a hugely discounted valuation of under $30 million.
For a meme coin that could easily be 10x to above $300 million, or 100x to above $3 billion, investors are rushing to get involved.
OrangeDX ($O4DX)
OrangeDX ($O4DX), a multi-faceted Bitcoin native protocol that acts as a DEX, bridge, borrowing, lending, and yield-generating platform, is busily raising funds via an Ethereum ICO.
As per ICODrops, it has raised 74% of its $2.24 million target. As per its website, the $O4DX token will launch on Gate.io and MEXC in just under four days.
That being said, OrangeDX could become a top Ethereum ICO.
GAIMIN ($GMRX)
Web3 gaming infrastructure project GAIMIN ($GMRX) has raised $1.06 million, as per ICODrops.
That is nearly 75% of its $1.46 million target raise. GAIMIN claims to be strategically positioned at the disruptive intersection of Web3, gaming, and cloud computing.
Its token is set to launch on Bybit, one of the world’s top crypto exchanges, on the 26 of March.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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