The bull market is here, three potential cryptocurrencies worth paying attention to
Dogecoin (DOGE)
Dogecoin is a peer-to-peer open-source cryptocurrency known for its low transaction fees and fast transfers. Starting as a joke, it has now become the seventh largest cryptocurrency by market capitalization, with its legendary journey being noteworthy under Musk's influence. DOGE is expected to break the $1 price point in the future.
Morpho (MORPHO)
Morpho is a lending protocol led by A16Z, with total funding reaching $68 million. It combines the liquidity pool model of Compound or AAVE with a P2P matching engine from an order book, improving capital efficiency. Morpho-Compound is consistent with the original protocol in user experience, liquidity, and liquidation parameters, but enhances yields through P2P matching. As a leader in the DEFI space, Morpho's prospects are promising.
Shiba Inu (SHIB)
Shiba Inu is a decentralized meme token. As another MEME coin endorsed by Musk, SHIB has risen over 200% since its launch, becoming a favorite potential asset for many investors. Although its current price is only a few cents, 1.4 million people worldwide have participated in investing, hoping SHIB will reach 1 cent, making them millionaires. In addition, SHIB has a token burn mechanism, making its future development promising.