The Best 4 Trend-Setting Altcoins To Buy For 2024
Solana recently experienced a network outage, causing its price to struggle to hold above $100. As a result, investors may be interested in diversifying their portfolios for the anticipated bull run in 2024. While there are numerous options available, it’s worth considering established projects that have been in the market for some time. Three altcoin majors, XRP, Shiba Inu (SHIB), and Dogecoin (DOGE), have emerged as key rivals to Solana and have the potential to see significant growth.
1. XRP
XRP experienced a significant drop of 30% from its Q4 high of $0.7 but has since shown signs of recovery. Although it fell below the crucial support level of $0.5, it has bounced back and now has the opportunity to aim for $1 in the remaining weeks of February. The increase in trading volume and market cap indicates growing interest among traders and speculators. If XRP can maintain positive volumes and break resistance levels, it could continue its upward trend.
2. Dogecoin (DOGE)
Dogecoin has been fluctuating between $0.07800 and $0.0800 under a significant trend line. However, there is hope for the cryptocurrency as trading volume has increased, indicating rising interest from investors. With a market capitalization of $11.5 billion, Dogecoin has the potential to reach resistance levels at $0.1 and even $0.3 if it can maintain its current momentum.
3. Shiba Inu (SHIB)
Shiba Inu, the second-largest meme coin, has seen a 2.4% increase in the last 24 hours and is currently trading at $0.0000092. With a trading volume of $159 million and a market cap of $4 billion, Shiba Inu has shown bullish signs. Key indicators suggest that it may start its recovery phase above $0.00001. The token burn program and growing interest in the project could contribute to a potential rally towards $1.
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