The crypto market has been struggling, with many major coins slipping below critical, psychological, and technical price support. Amid this turmoil, investors are on the lookout for ways to buy the dip or at least catch the bottom, where there could be a definitive reversal.
Thus, it is crucial for investors to identify projects with high potential for growth.
Some yardsticks to define this include their next key milestone based on their roadmap and other factors that might trigger a spike.
One of the crypto projects that looks cut out for a major spike in the coming weeks is Chimpzee.
Chimpzee empowers its users to make a positive impact on the environment by fighting climate change and saving animals while earning income.
The project works with reputable organizations to achieve its goals, including Wild Foundation, Forgotten Animals, One Tree Planted, and many more.
The project is now gaining attention, as its upcoming milestones suggest it could see major growth in no time.
Why Chimpzee is the Targeted Option for Major Price Growth in This Trying Time
Chimpzee is currently on the Ethereum network but plans to expand to the Solana network in September. This expansion could make a major difference for the network, as it is expected to increase the CHMPZ token visibility and popularity.
With more people trading it, the trading volume could also increase, potentially making CHMPZ more valuable.
The expansion to Solana is not meant to increase the number of CHMPZ tokens in circulation; rather, an equivalent number of tokens available on the Solana network will be burned on the Ethereum network to maintain the token circulating supply.
Solana is known to be a hub for meme coins, having seen the growth of many such coins in 2023 and 2024. Its speed and low transaction costs have been attractive to developers, and its reputation is also a major selling point.
The developers have announced that CHMPZ staking will also be available on the Solana network. This way, staking activities will happen on both the Ethereum and Solana networks simultaneously, potentially reducing the number of tokens in circulation.
With this, three factors are in place to potentially drive the price of CHMPZ tokens up, and here is how they could work.
The expansion to Solana increases the demand for CHMPZ, the staking process reduces the number of tokens in circulation, and the deflationary mechanism (constant burning of CHMPZ tokens) also decreases the number of tokens in circulation—all these could cause a ripple effect that could continue to drive the price up.
This is part of the reason behind the ongoing investor rush and why the Chimpzee project is a top option to be considered during trying market seasons.
While NFT Passports will only be on the Ethereum network, Chimpzee’s team has announced plans to create additional NFTs on Solana that would serve different purposes in the ecosystem.
CHMPZ will also be listed on a top decentralized exchange on the Solana blockchain. Top exchange listings usually cause token prices to spike significantly due to the hype and visibility they create.
Chimpzee Offers High Staking Rewards as Passive Income
Users of the Chimpzee platform can stake their CHMPZ tokens and NFT Passports for passive rewards. With rewards from this process, in addition to potential profit from token value increases, users can earn substantial returns.
Staking CHMPZ tokens offers up to 40% annual percentage yield (APY), while NFT Passport staking offers up to 20% APY, depending on the type of asset held.
The NFT Passport options are Diamond, Gold, Silver, and Bronze, with Diamond offering the highest APY.
Holding these digital assets offers additional privileges not open to other members of the ecosystem, such as VIP access to events and exclusive bonuses. Higher-ranking NFT Passports enjoy more privileges than lower-ranking ones.
A combination of CHMPZ and NFT staking rewards could give an investor up to 60% APY, not including potential rewards from token price increases.
The possibility of earning up to 60% APY (staking CHMPZ and NFT passports together) has attracted attention from those seeking a hedge against price volatility and the risks associated with speculative or leveraged trading.
Secure Your CHMPZ Token Now
Securing the CHMPZ token is easy as it has been listed on popular exchanges like MEXC, Bitmart, and p2pb2b. All you have to do is visit these exchanges to secure your tokens.
You can also go through the Chimpzee website. On reaching the website, click on ‘Buy CHMPZ’, and you will be directed to a page where you can see some of the exchanges on which the token is listed.
Clicking on any of the exchanges will lead you to the page where you can secure the tokens.