7 cryptocurrencies to watch as market growth surges

Amidst a dynamic market, seven cryptocurrencies are noteworthy for their innovative utilities and promising market performance, revealing investment opportunities beyond Bitcoin.
The cryptocurrency market is witnessing significant growth, with Bitcoin now exceeding $70,000, marking a pivotal moment for investors to explore potential opportunities.
As the market expands, this piece delves into seven cryptocurrencies that stand out based on their utility, market performance, and innovative features, tokenomics, narratives, expert opinions and security.

Smog

Smog is the top pick for the best cryptocurrency to buy now. The project offers an unprecedented meme coin use case, launching on Ethereum and Solana and running the “greatest airdrop of all time.”
As a dragon-themed meme coin, Smog “reigns over the crypto battlefield, incinerating all his foes.”
So far, it has done just that, outperforming the market as it pumps 365% this month, currently holding a $240 million market cap.
Its multi-chain approach has proved instrumental, providing accessibility across the industry’s two most prominent meme coin markets.
But its airdrop has also contributed to its success, with the team allocating 35% of the total supply to the giveaway.
Smog investors gain eligibility by simply buying and holding the token, or they can increase their chances of winning by completing tasks outlined on the project’s Zealy page. 
The quests will bolster the project’s community, comprising missions like tweeting about Smog or joining its social media channels.
In addition, Smog has launched a staking mechanism, providing a fixed 42% APY. This incentivizes holders to lock their tokens up, minimizing sell pressure while adding a potential demand stream.
Investors can currently garner a 10% discount when buying Smog from the project’s website. However, they must act fast because this offer ends soon.
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Green Bitcoin

With Bitcoin’s price rising and the halving approaching, Bitcoin-related projects pose immense potential.
In the case of the new presale project Green Bitcoin, this has translated to massive early success.
Offering an eco-friendly Bitcoin alternative, Green Bitcoin is native to the Ethereum blockchain and offers staking and a predict-to-earn mechanism.
Using a staking mechanism instead of mining, Green Bitcoin negates the environmental criticisms that Bitcoin commonly receives. 
Consequently, Green Bitcoin has been embraced by prominent media outlets, with the likes of Cointelegraph, Coinpedia, BeInCrypto, and CoinGape all featuring it.
Green Bitcoin’s staking mechanism currently provides holders with a whopping 140% APY. However, this will decrease as the staking pool grows.
Yet another advantage of staking is that it opens the door to Green Bitcoin’s predict-to-earn mechanism. The project invites stakers to guess whether Bitcoin’s price will rise or fall the next day to earn rewards, with up to 100% bonuses at play.
Its compelling use case has received a nod of approval from the investor community, with the presale raising over $3.2 million so far. 
However, a sense of urgency has swept the market, with the Green Bitcoin price incrementally rising as the campaign advances. Currently priced at $0.8022, the next uptick will occur in four days.
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eTukTuk

Join the AI revolution with eTukTuk’s groundbreaking electric vehicle protocol.
Strategically placing zero-emission electric tuk-tuks and charging stations in developing nations, eTukTuk presents massive real-world value. 
The project harnesses AI to maximize efficiency and minimize material wastage, aligning with core sustainability values.
eTukTuk aims to lower CO2 emissions, minimize carbon-related health issues, and eradicate worldwide financial disparity. 
However, this project presents a rare opportunity, as it is currently undergoing a presale. 
Unlike many early-stage cryptos tackling real-world issues, eTukTuk is already making an impact, having partnered with Sri Lanka’s largest privately held company, Capital Maharaja Group.
This reflects the team’s unwavering commitment to achieving results, hinting at a bright future.
The project’s native token, $TUK, powers the ecosystem and is used to pay for services. This ensures ubiquitous accessibility, even to the world’s 1.4 billion unbanked adults. 
Furthermore, $TUK holders can compound their assets through the project’s staking mechanism, currently providing a 127% APY.
The eTukTuk presale has raised over $1.9 million so far and is currently priced at $0.028. However, this price will rise in six days, so potential investors should act fast.
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Bitcoin Minetrix 

Bitcoin Minetrix is another early–stage Bitcoin-related crypto seeing success. Currently undergoing a presale, it has raised a staggering $12 million so far.
The project looks to tackle the complexity and security issues related to legacy and cloud mining.
It is an Ethereum-based protocol enabling users to cloud mine Bitcoin effortlessly and securely. 
Historically, Bitcoin mining has been too complex for the average crypto user. Meanwhile, many people avoid cloud mining due to a lack of transparency and security concerns.
Bitcoin Minetrix addresses these issues with a seamless, decentralized, and transparent solution centered around the $BTCMTX token.
Users will stake $BTCMTX for Bitcoin mining credits, which they can burn for cloud mining power. This then translates to free Bitcoin.
Leading analysts have commended this effortless system, with Jacob Bury speculating that it could entail 10x gains once it launches on exchanges.
Considering that Bitcoin Minetrix pays out real Bitcoin rewards, and users must hold the $BTCMTX token to access the protocol, this aligns $BTCMTX’s demand with Bitcoin’s price, providing a bullish outlook for the project.
The current $BTCMTX presale price is $0.014, but this is set to rise in four days.
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Sponge

Historically bound to Pepe, Sponge displays immense potential as the next meme coin that could explode. Already showing strength, the token is up 86% this week and 220% this month. 
However, with a $240 million market cap, tremendous upside potential remains.
The project launched in May 2023 alongside Pepe and quickly followed in its footsteps, pumping to a $100 million market cap and netting early buyers a 100x.

Bitcoin surges to fresh record high above $73,000 post US CPI data

Bitcoin hit a new all-time high on Wednesday, surpassing the $73,000 mark as investors mostly shrugged off slightly hotter-than-expected U.S. inflation, betting it won't derail interest rate cuts expected by the middle of the year.

In the last 24 hours, Bitcoin jumped to an intraday peak of $73,127. It was last 0.9% higher at $72,920 at 12:57 pm IST.

Overnight data showed U.S. consumer prices increased a solid 0.36% in February against expectations for a 0.3% rise, amid higher costs for fuel and shelter, though on an annual basis, core CPI slowed slightly to 3.8%.
Following Bitcoin's gains, several other cryptocurrencies also surged in Wednesday's trade. Avalanche and Toncoin saw notable increases of 13.5% and 21.2%, respectively. Ethereum, BNB, Cardano, Dogecoin, Shiba Inu, Polkadot, and Chainlink also experienced significant gains.