“Altseason” may have just been a buzzword, but the latest cryptocurrency trends have witnessed altcoins telling Bitcoin they are here to play. Altcoins are identified as those cryptocurrencies that are not Bitcoin. A portion of the crypto community even extends this recognition to tokens other than Bitcoin and Ethereum. Most of it sticks to the traditional definition of excluding Bitcoin from the segment. Several factors introduce volatility to the crypto sphere. That is fueled by the nature of being speculative; however, the top five altcoins have finally emerged as the potential candidates to generate returns at a low risk. This includes MAGA VP, SHIB, ADA, PEPE, and BONK.
Altcoins with 3x potential
Dogecoin is rooted in this article. The five altcoins demonstrate a better potential, up to 3x than DOGE. For reference, it is the 8th-ranked crypto and the top-ranked meme coin in terms of Market Capitalization. It is currently listed at $0.1413, with a slip of 5.76% in the last 24 hours.
MAGA VP
Launched recently, MAGA VP eyes to follow the trend of MAGA TRUMP and achieve 100X increase in Market Cap. Currently, MVP has a market cap of more than $5 million. The token value of $0.1282 makes it one of the ideal altcoins. That is an increase of 88.57% in the last 7 days and 120.95% in the last 30 days. While the token has dipped by 7.35% in the last 24 hours, there is a rising interest in the token within the PolitiFi meme coin segment.
SHIB
Shiba Inu has rather seen a huge fall in recent times. This is evident from the drop of 23.57% in the last 30 days. SHIB is exchanging hands at $0.0000234 at the time of articulating this piece. What makes it an altcoin with up to 3x the potential is the support of the community and whales. SHIB is poised to surpass the milestone of $0.00009 by the end of this year, that is, 2024.
ADA
The 24-hour volume of Cardano is up by 4.13% despite a fall in Market Cap by 5.10%. There has been a consistent drop in the token value in the last 24 hours, with the pair valued at $0.45. ADA has made it to the list because it is speculated that the price could have reversed for a while before rebounding to a new high. It did mark an uptick to $0.85 in March 2024. Cardano is looking forward to the Chang upgrade, which is tentatively scheduled to happen in the second quarter of 2024.
PEPE
The frog-themed meme coin is one of the most hyped tokens in the crypto market. It is currently listed at $0.000006971, experiencing a dip of 5.20% in the token value over the last 24 hours. However, the community remains highly bullish about the token’s future
BONK
BONK may have been featured last on the list, but it was recently listed by Revolt App for enhanced accessibility to a larger user base. That signals the potential for an increase in the token value, which is currently rallying at $0.00002436 with a slip of 7.45% in the last 24 hours.
Conclusion
MAGA VP, SHIB, and other altcoins listed here are for reference and based on the valuation, which is true at the time of writing this article. It is recommended to conduct thorough research before allocating funds to any of the above-mentioned altcoins.
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