2023 was an amazing year for the crypto market. After a disaster suffered in 2022, all major cryptocurrencies registered massive growth in the year behind us, with market value hitting $1.76 trillion in the first week of January. One of the tokens that most people expected to perform better is Shiba Inu. Popular meme coin posted only moderate gains, but that all could change in the new year, as some experts predict that Shiba Inu will ride the crypto bull run and reach $1 in 2024.
The road for SHIB to reach $1 in 2024 is a possible but highly unlikely one. The main issue SHIB is facing is its enormous supply. With 589.3 trillion tokens in circulation, it would mean that SHIB's market cap would be higher than the combined wealth of every person on the planet, according to the Credit Suisse report.
Instead of engaging in these speculations, smart investors are targeting tokens that have a far more likely chance to explode in 2024. That list is topped with tokens like BTCMTX, MK, SPONGEV2, and LPX, representing a new generation of tokens that aim to revolutionize their respective niches. Here is what you need to know about them.
Sponge Token's success was one of the biggest stories of 2023. However, despite providing 30x returns for early investors, the popular meme coin didn't quite manage to reach legendary status like PEPE and similar tokens did. Feeling that there was a lot left unsaid, the developers have decided to try one more time and offer us a chance to participate in potentially 100x meme coin, Sponge Token V2.
Designed as a more modern and capable version of the original, SPONGEV2 keeps the same appeal among its fans yet offers several key technological advancements. The most important one is the Stake2Bridge mechanism that allows SPONGE holders to stake their tokens and receive SPONGEV2 as a reward. This approach will take care of the ICO and provide the initial token distribution. while rewarding the community at the same time.
The community-first approach is a crucial component of the strategy aiming at launching SPONGEV2 into the stratosphere. With more than 30,000 members, the SPONGE community can play a huge role in popularizing the new token and making it one of the best meme coins of 2024. If all goes as planned SPONGEV2 will be a serious competition to Shiba Inu and other meme coins.
Bitcoin cloud mining was hailed as a sustainable, cheap, and eco-friendly way of getting new BTC tokens on the market. With traditional mining becoming more and more expensive, cloud mining was offered as a solution that will not only lower costs but also allow everyone to participate. Unfortunately, the current situation is anything but that.
Dominated by several large companies that use their position to blackmail and force users to accept unfavorable terms, cloud mining is stagnating. Bitcoin Minetrix is a solution that will give it a new lease on life and open it up for everyone.
The mechanics behind Bitcoin Minetrix are simple. Holders can stake their BTCMTX tokens to gain mining credits, which can be spent to mine Bitcoin. The straightforward approach ensures an inclusive and transparent process during which users know what is going on with their tokens at any time.
With $7.4 million raised, BTCMTX is having one of the best presales of the year. As it draws to the end, investors are scrambling to get on board and set themselves for huge gains once the token explodes post-listings.
Meme Kombat is a project that combines the meme coin craze with a lucrative Play2Earn (P2E) feature. The approach is a promising one, judging by the massive success of its presale, with many experts claiming that MK has the potential to become one of the biggest meme coins of 2024.
The ecosystem is powered by the native token MK. Unlike Shiba Inu, MK has a clear purpose and doesn't rely solely on meme power to drive its value upward. Instead, its price will depend on the success of the Meme Kombat platform, which is already huge.
The key component of the app is a battle arena, where popular memes fight for the title of the champion. Season 1 will introduce 11 original meme characters based on popular meme coins. Each new season will bring new fighters, increasing the competition. Players can place wagers on various aspects of each battle, providing a fun and engaging P2E mechanism.
$6 million raised so far in presale is a testament enough to the future popularity of Meme Kombat. With the end in sight, it is expected that the MK's price will explode as soon as starts appearing on crypto exchanges.
There were many apps in the past that promised to help crypto traders become rich in a matter of days, but none delivered. The complexities and volatility of the crypto market remained beyond the understanding of even the most sophisticated trading algorithms. Launchpad XYZ is not one of those app. Instead, its aim is to provide traders with concise and easy-to-understand data that will make their trading decisions immensely easier.
Based on a powerful AI, Launchpad XYZ scours the market for all relevant data points and displays them through an intuitive dashboard. Catering to both veteran and new traders, the app presents its findings in a way that is easily transferable to direct trading decisions. This makes it indispensable in traders' day-to-day operations.
The app's native token, LPX serves as a ticket to all the goodies the platform has to offer. In stark contrast to Shiba Inu, the LPX token has a real-world value that can even shield it from the inherent volatility of the crypto market.
The LPX presale has raised $2.4 million. Priced at just $0.0445, the token is regarded as one of the best steals on the market and a potential 100x gainer in 2024.
Although Bitcoin usually garbs all the headlines when it comes to huge growth and massive returns, Ethereum is where smart investors keep their money. The world's largest crypto development platform is going from strength to strength, strongly stating its case as the second biggest cryptocurrency on the planet.
One thing that is preventing casual investors from adding ETH to their portfolios is the fact that the stakes are rather high. Investing smaller sums will simply not yield satisfactory returns and that is why many of them are sticking to small-cap cryptos like BTCMTX, MK, SPONGEV2, and LPX.
Although it is possible, it is extremely unlikely for SHIB to hit $1 in 2024, or any time later for that matter. Tokens like BTCMTX, MK, SPONGEV2, and LPX offer far more realistic options for making you a crypto millionaire, which is why so many investors are scrambling to get their hands on these promising tokens.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.