Looking back at the past bull market cycles, Bitcoin always plays the role of a forerunner and takes off first, while many altcoins lag behind and need to wait for the right time. When Bitcoin reaches its peak and starts to pull back, funds will gradually flow into the altcoin field, thus triggering their skyrocketing market. This scene seems to be repeated again.
At present, Bitcoin's market capitalization has reached 60%, which is quite similar to the data at the peak of Bitcoin in history. When this ratio climbs to around 70%, it may mean that the feast of altcoins is about to begin. Therefore, for those friends who failed to seize the opportunity to enter the market at a low price of Bitcoin, don't be too frustrated, just hold the reins of mainstream coins and wait for the opportunity.
Today, Bitcoin is soaring, while other currencies are relatively quiet. This is undoubtedly a good time for you to make a layout. After all, there are still many currencies that are still hovering at a low level in a year, waiting to be discovered. When the altcoin carnival comes, you will also be able to share this rich profit and return home with full joy!
Buy these cryptocurrencies in 2024 and get 100 times the return!
1.Kava
As a Layer-1 blockchain, Kava cleverly combines the efficient interoperability of Cosmos with the developer-friendly features of Ethereum, achieving a new build from scratch. Its core goal is to use Cosmos EVM technology to promote the maximum growth of the protocol, thereby ensuring that the network has excellent scalability, speed, security, and a strong developer support system.
The Kava Rise program is undoubtedly a great boon for developers as it generously provides an incentive fund of up to $750 million. The program awards monthly rewards to the top protocols on the network through a blockchain-based reward system that truly reflects usage. This mechanism not only promotes continuous innovation, but also greatly motivates the enthusiasm of all participants in the ecosystem.
Currently, the price of KAVA token is $0.4528, having achieved a significant growth of 10.53% in the past 24 hours. Its market value also climbed to $490.27 million, an increase consistent with the price. It is particularly worth mentioning that KAVA’s 24-hour trading volume surged by 519.31%, reaching a high of $132.54 million. In addition, the coin’s price prediction sentiment and fear and greed index both reached a high of 90 (extreme greed), which fully demonstrates the continued rise of market optimism and increasingly active trading activity.
Based on KAVA's solid fundamentals, we have reason to believe that it is expected to achieve significant value-added in the future. Once the project announces cooperation with other networks, its price may even cross the $1.52 mark by 2024. At the same time, against the backdrop of continued optimism in the cryptocurrency market, the average price of the token is also expected to reach a high of $2.19 this year. Of course, the market is always full of variables, and if the bearish trend takes over, KAVA’s minimum value may slip to around $2.99 in 2024.
2.GOAT
Over the past seven days, the GOAT token has attracted widespread attention with an eye-popping 64.12% gain. The meme token has been on a steady upward trend since October, and to maintain this momentum, it must hold the $0.940 support level. Once this support is broken, the price may fall sharply to $0.666, which may end its current bull run.
In addition, GOAT has successfully attracted the attention of many well-known industry figures, including Arthur Hayes, and has attracted close attention from big money in the cryptocurrency field. Just last month, a large money holder withdrew 14,409 Solana tokens from the Binance exchange platform and used these funds to purchase GOAT tokens worth up to $1.72 million at an average price of $0.383. This large-scale investment behavior undoubtedly demonstrates that the market's strong interest in GOAT is heating up.
As of this writing, GOAT has a market cap of $1.18 billion, while trading volume has climbed to a high of $488.35 million. According to on-chain data analysis provided by Santiment, GOAT's popularity among social media and traders continues to rise. In the past month, GOAT has risen by as much as 308.92%, and has become a hot topic among investors. Everyone is speculating whether GOAT can surpass the leaders in the meme coin field such as Dogecoin (DOGE) and Shiba Inu Coin (SHIB).
3.ABOUT
Sui is a token with great potential and is definitely worth keeping an eye on. It is an on-chain masterpiece created by the Mysten Labs team, which is supported by the high-profile FTX, and has unique technical highlights. It can provide ultra-low transaction latency and excellent high-throughput performance, bringing users an extremely smooth trading experience. In the coming month, it is very likely to become a pioneer leading the bull market wave, and its price is expected to strongly break through the important mark of $5, thus attracting the attention of many investors and becoming the focus of the market.
4.BONK
The popularity of the BONK token is rising rapidly, and its price has set a new record, becoming a popular choice for retail investors, especially on the Coinbase platform. The community members of the token are actively engaged in a grand token destruction operation, aiming to destroy a full 1 trillion BONK tokens before Christmas. This move is widely seen as a key factor that will further stimulate price increases.
At the same time, the market's expectations for BONK's possible listing on well-known trading platforms such as Robinhood and Upbit are also rising. The radical destruction strategy adopted by the community is regarded by many investors as an important catalyst for its continued growth in the future.
5.DOGE
DOGE is closely linked to Musk and is welcoming new opportunities brought by Trump’s administration. Musk plans to set up a government efficiency department named directly after DOGE, which seems to indicate that DOGE is about to usher in a wave of strong growth.
At the same time, the U.S. Securities and Exchange Commission (SEC) is about to usher in a change of chairman, and the former chairman who took a harsh attitude towards market makers is about to step down, which clears the legal obstacles for DOGE's rise. As a digital currency with a long history, DOGE has accumulated a deep community consensus in its long-term development process. The "dog" image it represents is deeply rooted in American culture.
In the context of the bull market, DOGE's price is expected to experience explosive growth, and breaking through the $0.5 mark is just around the corner. This prediction is not only based on DOGE's close connection with Musk, but also stems from its strong community foundation and unique cultural symbolism.
