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The post Massive Bullish Shift Imminent! Discover the Top 8 Cryptos To Buy Right Now! appeared first on Coinpedia Fintech News
The cryptocurrency market is entering deeper into another bull season, causing an increase in the global market cap. Over the previous week, the overall market capitalization has stayed above $1.6 trillion, according to CoinMarketCap.
A major reason is that many investors are feeling optimistic about the approval of a spot Bitcoin ETF. As a result, investors are scanning the market as they look for what crypto to invest in.
This article highlights the top 8 cryptocurrencies that you should buy right now so that you and others can benefit from the present bullish trend.
- Bitcoin (BTC)
Recently, news around the world has focused mostly on Bitcoin (BTC), the leading cryptocurrency. Two events in 2024 have the cryptocurrency market buzzing: the halving of Bitcoin and the approval of a spot Bitcoin ETF.
The price of Bitcoin has already topped $47k as anticipation for the impending ETF increases. Up until now, investors have been dubious about the SEC’s approval of a Bitcoin ETF. The news is good.
The former chair of the SEC, Jay Clayton, forecasted in a recent interview with CNBC that an ETF will be approved by the SEC by Wednesday. He said that the main challenges to the ETF’s approval have been overcome.
According to Matrixport, Bitcoin will surge to $50,000 and eventually $100,000. Bank Standards Chartered is one of the top firms that believe a $100k price is possible in 2024.
- Ethereum (ETH)
Even Ethereum ETH, the biggest altcoin in terms of market cap, is anticipating its own ETF later this year. Although the approval looks bleak, it can fuel the Ethereum price with a favorable Bitcoin ETF launch. Ethereum is priced above $2,300 at the moment.
The token has been ranging from $2,184 to $2,430. Analysts like Michael Van de Poppe are optimistic about Ethereum. Michael forecasts that after the Bitcoin ETF launch, its price will increase to $3,500.
- Solana (SOL)
There is Solana (SOL), an Ethereum killer, which provides faster and cheaper transactions. Like Ethereum’s network, it supports smart contracts dApps and NFT. Its native token has been among the best performers over the past year.
The altcoin surged from a low of $13.38 over the year to its highs of 125. During that period, Solana coin surfed its way to become the 4th largest coin by market cap. Analysts are still upbeat about the project and have projected an increase to $ 200.
- Cardano (ADA)
For the past three months, Cardano (ADA) has increased in value. The value of the Cardano coin has grown by more than 200% throughout this time. The Cardano network is growing at a rapid pace, and 2024 might be even bigger than this.
Early in 2024, there will likely be the Chang Hard Fork, which could revolutionize the Cardano network. It is anticipated that this update will significantly enhance the blockchain. It will offer better security protections, increased scalability, and faster transaction times. Given this, it is possible that the Cardano coin may reach an all-time high in 2024.
- Meme Moguls (MGLS)
Meme Moguls (MGLS) is a great coin to hold if you are looking to benefit from the bull trend. This recently launched play-to-earn (P2E) gaming platform was designed to educate users about investing and wealth-building.
A key part of this DeFi project is the simulated investing functionality. Simulated investing was built for users to participate in virtual stock market trading games while they explore investment opportunities. Players are started with a virtual cash balance of $100,000.
As they trade and build their portfolio, they learn different investment strategies. For example, they are encouraged to allocate not more than 20% of their portfolio to a single investment. Interestingly, the top performers are rewarded with coins, which they can withdraw.
Another earning opportunity on Meme Moguls is staking. Users can also stake their MGLS tokens and receive passive income. Meme Moguls is currently in the early stages of its token presale, with a price of $0.0027 per token.
The project has gained massive success in presale, raising over $1.5 million from investors. Analysts have predicted that as the DeFi project launches, MGLS can increase by 100x in 2024.
- Dogecoin (DOGE)
Another cryptocurrency that was intended to be a joke of Bitcoin is Dogecoin DOGE. That explains why DOGE became so well-known and intriguing. However, the online buzz surrounding this cryptocurrency, its accessibility features, and well-known supporters like Elon Musk and Snoop Dogg all contributed to its rise in popularity.
In January 2024, the Dogecoin community accomplished a noteworthy feat when it became the first token to be sent to space. The hope among Dogecoin enthusiasts is that in 2024, Dogecoin will be integrated into Musk’s X platform. In the upcoming months, Dogecoin might see enormous profits in such a scenario.
- Ripple (XRP)
Ripple’s XRP is a network of worldwide payments meant to rival traditional financial institutions. A Southern District of New York judge declared in July 2023 that cryptocurrencies are not securities. The value of the XRP coin increased as a result of this ruling.
A hearing is expected for later in the year, and the Ripple-SEC dispute may be resolved by 2024. There would be a significant increase in XRP’s price if Ripple wins.
- Shiba Inu (SHIB)
Shiba Inu or SHIB is another meme coin set for a massive surge in 2024. Unlike Dogecoin, which uses its own blockchain architecture, Shiba Inu is issued as an ERC20 token on the Ethereum network.
Currently, the Shiba Inu team has made huge steps to grow the ecosystem of Shibe by introducing a layer-two network called Shibarium. They are also developing .shib Top-Level Domain(TLD). These could impact Shiba Inu’s cost in 2024.
Conclusion
Bullish sentiment is brewing in the crypto space, and you do not want to miss out on the massive surge coming. Those asking for what crypto to invest in can consider the top 8 cryptos on the list.
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