Didn’t catch the recent Bitcoin jump? No sweat! Crypto experts are talking excitedly these days. They think the Bitcoin price increase is just the beginning of something much bigger that will happen this year.
The Hype is Still Here and It’s Still Not Too Late
The cryptocurrency market soared in early 2024, following the SEC’s long-awaited approval of a Bitcoin ETF. This momentous ruling paved the way for institutional investment, bringing a large amount of wealth into the cryptocurrency market. Bitcoin’s price skyrocketed in reaction, setting new all-time highs and drawing other cryptocurrencies along for the ride. However, a small market decline a few days prior raised concerns that the excitement had worn off, but price corrections are a normal part of every market cycle, and some investors regarded this as a buying opportunity. Many experts feel this is the beginning of the oncoming bull run. Some fundamental causes, including the approaching Bitcoin halving and Dogecoin Day, as well as continuing improvements in blockchain technology, are expected to fuel further growth throughout the year. The crypto craze is expected to continue through the remainder of 2024, presenting a potential opportunity for investors seeking high returns. If you’re interested in joining the hype, it’s not too late.
Upcoming Bull Run: Bitcoin Halving & Dogecoin Day
Beyond the Bitcoin Exchange Traded Fund (ETF) approval, the upcoming Bitcoin halving and Dogecoin Day are key factors driving market sentiment. These events are seen as potential turning points that could significantly influence overall sentiment. This optimism is already evident in the Bitcoin price, which recently surpassed its previous high of $70,000. Additionally, altcoins are starting to show signs of a bull run.
Top 3 Cryptos to Buy with High Potential in 2024
Fueled by signs of an imminent bull run, now is the right time to explore high-potential altcoins. Here are 3 top cryptocurrencies to buy recommended by some cryptocurrency analysts and experts.
1. Hump ($HUMP): The Rising Star
$HUMP, a newcomer built on the Solana blockchain, is shaking things up in the meme coin scene. Unlike its predecessors, Hump tackles the issues that have plagued the space – slow transactions and hefty fees with hidden tax. A dedicated group of supporters, united by a desire to rewrite the narrative around meme coins, fuels the project. This passionate base, combined with a recent 5,000% price surge and listings on CoinMarketCap and Coingecko, paints a promising picture for its future. Early investors who recognize its potential stand to benefit significantly. $HUMP has also proven its resilience compared to established meme coins like Dogecoin and Shiba Inu, which declined during recent market corrections. While others stumbled, this top SOL meme coin candidate remained strong, even experiencing a price increase of 40-50% just days ago. This resilience, coupled with rumors of a potential top 10 listing on a major cryptocurrency exchange (CEX) and the growing interest from whales, has made the community very optimistic about Hump’s potential on the next massive bull run.
2. Shiba Inu ($SHIB): Dogecoin Killer
Shiba Inu ($SHIB), the cryptocurrency once known for its fun “Dogecoin Killer” moniker, has experienced a revival following a year of low trading activity. Fueled by a recent upsurge in the broader cryptocurrency market, $SHIB’s value has risen significantly, showing a fresh sense of optimism in the crypto world. However, worries remain about the long-term viability of meme coins such as Shiba Inu. While these assets have demonstrated amazing durability, with $SHIB’s price increasing by 134% in the last month, a recent correction resulted in a 13% price drop in the last week. Investing in Shiba Inu carries inherent risks. Although it enjoyed a peak of $0.00008 in 2021, the coin currently trades significantly lower than before, hovering at roughly 50% to 60% below its all-time high. Despite these uncertainties, some crypto analysts believe Shiba Inu’s widespread popularity, coupled with the impending Bitcoin halving, could change the market sentiment.
3. Dogecoin ($DOGE): The Original Memecoin
Dogecoin, founded in 2013 as a lighthearted tribute to a popular online meme, has exceeded expectations. Dogecoin, which was once seen as a passing fad, has grown into a committed community and established itself as a prominent participant in the cryptocurrency market’s meme coin category. $DOGE, like other cryptocurrencies, facilitates online transactions, compensates content providers, and even pitches itself as a potential investment opportunity. While meme coins are recognized for their intrinsic price volatility, their distinctive traits continue to pique the interest of investors looking for possibilities. 2024 has seen Dogecoin experience a significant upward trend, with its price skyrocketing by 70% to 80%. However, a recent market correction in the past weeks resulted in an 8% to 10% price dip. Despite this temporary setback, the cryptocurrency community and experts remain optimistic about the $DOGE potential for the upcoming bull run.
Wrapping Up
The cryptocurrency market’s recent correction hasn’t dampened the overall excitement. This presents a compelling opportunity for investors to enter the market at a potentially favorable point. Analysts predict a massive bull run later this year, making the coin recommendations provided earlier particularly attractive options.
Click here to Buy Hump Token (HUMP):
Website: https://hump.io/
Twitter: https://x.com/Humptoken
Telegram: https://t.me/humptoken
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