Meme coins have raised the expectation bar with their remarkable performance in 2024. Due to massive price breakouts and community-centric tokenomics, they are expected to become highly prevalent. FLOKI, Shiba Inu, and Algotech are emerging on the scene with 10x payoff potential.
FLOKI experienced a 500% meteoric rise in last month’s meme coin frenzy. With new developments surrounding the FLOKI ecosystem, FLOKI aims to establish itself as a leader in Real-World Assets (RWA) through tokenization narratives. The success of Floki’s DeFi staking solutions has led them to a significant milestone, with a TVL worth $790 million.
Due to its remarkable performance, Binance recently expanded its service to accommodate FLOKI. Users of Binance can trade the new pair FLOKI/FDUSD while enabling trading bots for Spot Algo for the same pair. This is facilitating more capital inflow in the meme coin, pushing its price point to new highs.
Despite a small price correction recently, many crypto whales are still holding onto their worth of billions of FLOKI with a positive outlook of the coin’s future trajectory. FieryTrading suggests that if FLOKI falls within the Fibonacci range of $0.00016 to $0.00020, this could provide a lucrative buying opportunity for investors who missed the previous entry points.
Shiba Inu (SHIB) has proved to be the most profitable investment in the meme coin space. With the increased adoption of Shibarium, an Ethereum Layer-2 network, and a dedicated community, the token’s price has seen a phenomenal surge of 185% in the past month. Shibarium has gained momentum by integrating with prominent crypto platforms like Gate.io.
New developments on the Shibarium chain have further accelerated the success of the network. Shiba Inu is planning to launch a new privacy-focused network built on the Shibarium blockchain. Such innovations are driving the Shiba Inu ecosystem forward in terms of volume and market capitalization, which are on par with legacy projects.
Leading analysts think SHIB is about to experience another substantial rise in the upcoming weeks. Javon Marks noted the token’s immense strength, projecting a 150% surge if it overcomes the key resistance levels. Moreover, elements such as the burning of SHIB tokens can cause a notable price surge in the upcoming weeks.
Algotech’s (ALGT) scalable technical infrastructure is designed to manage issues in real-time, such as rapid execution and large trade volume. The TradFi platform is revolutionizing the trading pattern through its decentralized intelligence features, which include hedging, mean reversion, and breakout detection.
The project has exceeded market expectations with a massive $2.2 million public presale round. Stage 2 of the presale grabbed significant attention after 60 million ALGT tokens were sold out within two weeks, reaching 6,000 unique holders.
ALGT token value is anticipated to skyrocket beyond its current $0.06 level as investors rush to buy the token. Market insiders believe its price can reach as high as $1 before it gets listed on major CEX exchanges, indicating a meteoric 300% ROI. This makes Algotech the best crypto to buy in 2024.
Learn more:
The content featured on Coinpedia's press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases.
Bitcoin price continued to face heavy selling pressure this week, trading near the $71,000 level…
The global market crash has hit the crypto market hard, wiping out $184 billion in…
XRP price saw a sharp downside pressure during the latest session, dropping close to 10%…
DeFi platform Aperture Finance has suffered a major security breach, losing about $3.67 million in…
Ethereum co-founder Vitalik Buterin has taken aim at the current state of Layer 2 projects…
Bitcoin remains under pressure, trading close to $72,000, despite a recovery from $70,034, while Ethereum…
