Four altcoins with 100-fold potential that will explode in 2024!
Yesterday's market trend failed to rebound as expected. Although there was a wave of pullback from the afternoon to the evening, it did not continue to strengthen. The rebound finally appeared in the early morning, that is, the daily closing period. During this period, the market experienced two flips, forming a pin-and-pin rebound trend.
Although yesterday's daily level pin-and-pin closing failed to achieve the desired result, today's market is expected to achieve a positive pin-and-pin closing, indicating that the market is expected to strengthen further. At present, the launch of altcoins is ready to go. In yesterday's performance, CHZ and BOME performed well, and YGG's fourth round of layout has also started, and the wash-out stage has ended, indicating that there will be a strong outbreak in the near future. Investors should pay close attention to the trend of YGG.
From a macro perspective, the market trend before the election is relatively clear. Although the interest rate cut process may be repeated, the result will eventually come as expected. It is expected that Europe may start to cut interest rates around June, which will inject liquidity into the global capital market and bring good news.
With the gradual launch of Ethereum, the outlook for the altcoin market is more optimistic. Therefore, we have reason to believe that the boom season for altcoins is coming.
Here are four altcoins with 100x potential that investors should pay attention to at present:
WIF - Dogwifhat
The meme coin Dogwifhat (WIF) on the Solana blockchain has risen by 14.7% in the past 24 hours, showing that investors have regained strong interest in it. As a top 30 crypto asset by market value, Dogwifhat has surpassed Filecoin (FIL), a milestone that is of great significance to the meme coin on Solana. As the market rises, Dogwifhat's market value has reached $3.4 billion, and its daily trading volume has surged by 50% to $935 million. Investors are optimistic about this and have established new positions. The market turnaround was helped by the approval of the spot Ethereum ETF and the market excitement before this event. In addition, the support of US lawmakers for crypto-related bills has also brought positive effects to the crypto asset market.
HIGH - Highstreet
The price of Highstreet (HIGH) has soared 25.47% in the past 24 hours to $6.27. Highstreet, which has a market capitalization of about $306 million, saw trading volume surge to $120 million, a 500% increase.62%. The Highstreet team has been working on various developments, including the implementation of VR technology and concept art that reveals the project’s lore. They have successfully integrated the Shopify experience into the brand’s MMORPG, providing players with a first-class Metaverse experience. The price of HIGH Token has risen by 50% in just five days, showing strong bullish momentum. According to Fibonacci level analysis, HIGH Token has the potential to hit a new all-time high this week and could climb to $11.225 after breaking through resistance.
APT - Aptos
Aptos is a scalable Layer 1 blockchain that uses the Proof of Stake (PoS) consensus mechanism. Combined with the new smart contract programming language “Move”, Aptos is able to process transactions in parallel, theoretically achieving a processing capacity of 100,000 transactions per second. Although current market trends suggest that it may take a few years for APT coin to reach the $100 price level, if the crypto market continues to maintain a bullish trend, according to our APT Token price prediction, it is expected to see Aptos (APT) reach $100 in 2029.
ENJ - Enjin Coin
ENJ is an ERC-20 token designed to support digital assets on the Enjin platform. Users can use ENJ to buy, sell, and trade in-game items with real-world value. Efinity also provides staking capabilities for Enjin Coin users, and users who stake ENJ can receive EFI rewards. NFTs are automatically staked in the wallet, providing passive income to the owner. The Enjin ecosystem helps developers tokenize in-game items on the Ethereum blockchain, providing reserve value, transparency, scarcity, liquidity, and utility to the assets. As the Enjin ecosystem continues to grow and develop, Enjin Coin (ENJ) is expected to have a significant impact on mainstream digital asset adoption through its immersive GameFi web3 project. Currently, Enjin Coin has a fully diluted valuation of approximately $684 million and an average daily trading volume of $51 million. ENJ is up more than 11% in the past 24 hours and 13% in the past week. ENJ is gradually breaking out of a falling wedge pattern, suggesting that prices could soon rise by more than 50%
