2024 has been an arguably great year for the cryptocurrency market so far. The new year brought bullish momentum and an overall positive sentiment that undid the damage inflicted by the prolonged crypto winter of 2022-23. The first quarter of 2024 witnessed several milestones, including a new all-time high (ATH) for Bitcoin (BTC).
As we head into the second quarter of 2024, crypto investors and traders are left wondering which cryptocurrencies can mirror the impressive returns witnessed in Q1’24. Crypto pundits believe that NFT Finance (NFTFN), BOOK OF MEME (BOME) and Aevo (AEVO) can offer significant growth potential to investors in the coming months.
Aevo is a decentralized exchange that runs on a custom Ethereum rollup called Aevo L2. This derivatives exchange allows users to trade cryptocurrency options, perpetual futures and even pre-launch tokens. This DEX boasts a trading volume of $30 billion, processing more than 5,000 transactions per second (TPS).
Over the past month, the AEVO token has witnessed a growth of more than 8%, pushing its market capitalization to over $335 million. AEVO is currently trading at $3.05, with a daily trading volume of over $166 million. AEVO also serves as the governance token for Ribbon Finance, enhancing its growth potential.
NFTFN is a leading web3 fintech firm that focuses on addressing the challenges surrounding the non-fungible token (NFT) market. NFTFN is currently in stage two of its presale, where the token is available for just $0.030 (supply capped at 1 billion tokens). NFTFN has raised over $400k in a short span of time, indicating significant interest from investors.
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NFTFN is backed by the likes of Polygon founder Sandeep Nailwal, who along with other investors have raised over $500k for this innovative project. NFTFN also boasts strategic partnerships with industry leaders like OpenSea and BitsCrunch (Pricing Partner), Google Cloud Platform (Cloud Partner), Polygon and Binance Smart Chain (Blockchain Partners).
Book of Meme is one of the most popular meme coins that has emerged from the Solana ecosystem. In the highly competitive meme coin sector, BOME has managed to carve a niche for itself by capitalizing on the meme hype. In its less than one month of existence, BOME has achieved incredible feats, including a market capitalization of over $787 million.
BOME has prioritized the cultivation of a strong community, and to that end actively engages with users on social media platforms like X (formerly Twitter) and Discord. BOME’s roadmap reveals the project’s ambitions to disrupt the web3 space by creating a new dimension of decentralized social media.
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