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SpacePay Could Outperform Bitcoin in the Next Bull Cycle – Here are Three Reasons Why

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spacepay

Bitcoin is expected to climb to $100K toward the end of 2024. 

Donald Trump’s pro-crypto attitude, combined with the optimism surrounding crypto ETFs, gives a promising outlook for the market. 

The bull cycle is likely to fuel many altcoins. While established cryptocurrencies like Bitcoin, Ethereum, and Solana have their charm, SpacePay ($SPY) has the attention of investors this month.

SpacePay Makes Crypto Accessible

Strategic investors have their eyes on SpacePay (SPY) as BTC gears up for a wild bull run. 

SPY is a payment and reward token that aims to seamlessly integrate crypto into everyday payment solutions. The token is from SpacePay, a fintech company dedicated to making crypto mainstream. 

With the launch of the SpacePay payment solution, crypto users will be able to purchase food and clothes using cryptocurrency. 

In the crowded altcoin market, SpacePay distinguishes itself with its practical application. SpacePay’s Minimum Viable Product (MVP) is already in private beta testing.

It is set to popularize retail crypto payments. Payment companies and merchants can attract the growing community of crypto users with the solution. 

spacepay

To illustrate the high market relevance of the project and its impact, let’s look at its key features. 

The app is designed to integrate seamlessly with existing card machines. It supports up to 325 wallets and allows merchants to receive payouts in a fiat currency of their choice. 

For merchants, the integration cost is incredibly low. Payment companies and shoppers, on the other hand, can use the service for free.

The Award-winning Project has Raised $750,000 from Private Investors

SpacePay has attracted $750,000 from private investors so far.

Investors are plowing in more money to the project through the ongoing public presale. As one of the most useful crypto projects to enter the market this year, SpacePay has high growth potential. 

The increasing presale momentum demonstrates strong confidence in SpacePay. 

It is rare to see crypto projects develop MVPs before the token launch. They mostly prefer to remain in the conceptual phase. But SpacePay has set a new example. The team is fine-tuning the product based on user feedback.

Commitment to compliance is another attractive feature of the project.

SpacePay’s large potential has not gone unnoticed.

It earned the “New Payment Platform of the Year” award at the Corporate LiveWire Global Awards for 2022-23.

The award is well-deserved, given that SpacePay could become a leader in crypto payments if its ambitious vision materializes. In terms of relevance, it could join the ranks of VISA and Mastercard in the crypto market. 

Among the top cryptocurrencies that launched in 2024,  SpacePay is one of the few that shows the potential to become a unicorn. 

SpacePay Has an Exciting Road Ahead

The flagship SpacePay product is set to launch soon.

SpacePay is coming up with a payment solution based on Near Field Communication (NFC) technology. It indicates that broader crypto adoption is not a distant dream. The launch of an e-commerce API is much-awaited too. It will be instrumental in popularizing crypto payments. 

spacepay

On the marketing side, SpacePay focuses on expanding its online visibility over the next few months. 

The tokenomics shows resilience, with 20% of the total supply allocated for the presale to ensure a fair launch. 

  • 18% is dedicated to marketing and community-building
  • 18% is allocated for strategic partnerships and ecosystem development. 
  • 12% is reserved as a fund for unforeseen needs
  • 10% is allocated for ongoing development. 
  • 17% is earmarked for user rewards and loyalty programs
  • And a modest 5% is set aside for the team, ruling out risks of rug pulls. 

SpacePay has built massive initial momentum, which indicates a turbocharged launch. But it will thrive in the long-term, simplifying crypto payments for everyday uses. 

Early Investment Gateway is Now Open

As a utility token, $SPY will scale steady growth after the product launch through consistent user acquisition. Read the white paper for detailed insights into the project’s vision. 

Positive signs are reappearing in the crypto market. If the $SPY launch aligns with the next bull cycle, it is set for a multifold climb. 

To grab the token before the wild bull run, join the $SPY presale. Join SpacePay on Telegram and Twitter for the latest updates about the presale.

Visit the SpacePay presale

The post SpacePay Could Outperform Bitcoin in the Next Bull Cycle – Here are Three Reasons Why appeared first on CoinGape.

3h ago
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