Three cryptocurrencies with greater millionaire-maker potential than Shiba Inu (SHIB) in 2024

2 months ago 17

Shiba Inu (SHIB) made waves in the crypto market, earning the title of Millionaire-Maker in 2021.

However, its recent struggles have left investors looking for alternatives.

In 2024, experts suggest that three cryptocurrencies—Rexas Finance (RXS), Ripple (XRP), and Chainlink (LINK)—could offer more promising millionaire-making potential.

Shiba Inu (SHIB): struggling to regain momentum

Shiba Inu peaked in 2021 when it reached an all-time high (ATH) of $0.00008845 in October.

However, its current performance paints a different picture. According to analysts, unfavorable market conditions have contributed to SHIB’s decline, with its price falling to $0.0000134.

Experts point to falling on-chain metrics as a cause for concern, with large transaction volume down by 76%, and net network growth stagnating.

Furthermore, SHIB’s burning mechanism, designed to reduce the massive supply in circulation, has disappointed investors by failing to create a significant impact.

Currently, only 45% of SHIB holders are in profit, compared to 63% during the 2021 bull run.

Experts say Shiba Inu is losing its appeal as a potential millionaire-maker in the 2024 crypto market, paving the way for other tokens to take the spotlight.

Rexas Finance (RXS): the RWA millionaire-maker

Experts are touting Rexas Finance as a potential game-changer in the crypto market.

Rexas focuses on the tokenization of real-world assets (RWA) like gold, real estate, intellectual property, and art.

According to industry insiders, RXS opens up numerous investment opportunities, whether through fractional or full ownership of these assets.

The presale performance of Rexas Finance was a strong indicator of its potential, raising $450,000 within just 72 hours of its first presale stage.

With each subsequent stage seeing a price increase, experts project a 7,800% rise for RXS during the upcoming bull run.

Priced at just $0.04, analysts argue that RXS offers early investors the chance to realize exponential gains.

In addition to asset tokenization, Rexas Finance offers staking and yield farming for passive income.

According to experts, the platform’s launchpad supports creative tech innovations, paving the way for sustainable growth.

Analysts believe that with these added features, investing in Rexas Finance could help one become the next crypto millionaire.

Ripple (XRP): poised for a strong rally

Ripple’s XRP has been making headlines recently with its strong performance.

Experts have noted that XRP’s price jumped 5%, surpassing the critical $0.50 threshold, signaling fresh momentum.

Analysts attribute this rise to XRP’s increasing importance in cross-border transactions, which has drawn significant institutional attention.

Market analysts predict that XRP could soon approach the $0.55–$0.60 range, especially as Ripple’s partnerships with financial institutions continue to strengthen.

Experts say Ripple’s emphasis on efficient payment solutions gives it a competitive edge in the evolving crypto sector.

Additionally, XRP’s recent relisting on the Robinhood platform has expanded its reach, boosting its visibility and appeal.

Given these factors, XRP is seen as a strong contender for substantial gains, with some experts predicting it could be a millionaire-maker for investors in 2024.

Chainlink (LINK): aiming for a big breakout

According to analysts, Chainlink (LINK) could be on the verge of a significant breakout.

LINK is currently trading at around $12.35, and although it has faced resistance, experts say easing selling pressure points to a potential rebound.

The narrowing of its Bollinger Bands suggests a major price movement is likely.

Chainlink’s foundation remains strong, say experts, due to its decentralized Oracle network, which enables smart contracts to interact with real-world data.

This utility increases its value within the blockchain ecosystem.

Additionally, less than 2.9% of LINK’s total supply is held by short-term holders, reducing the risk of sudden sell-offs.

Analysts believe this stability could provide a solid base for LINK’s price to rise.

Some forecasts suggest LINK could hit $12.94, which would mark a six-month high.

If LINK surpasses the $13.00 threshold, experts predict it could see a significant rally, offering long-term investors the potential to reach millionaire status.