Top 4 Cryptos to Watch in 2024: Shiba Inu, Pepe, Dogecoin & BlockDAG — Why They’re Must-Haves!

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/BlockDAG/ – As 2024 draws close, crypto enthusiasts are looking for assets promising solid growth and substantial returns. Among the noteworthy contenders are Shiba Inu (SHIB), Pepe Coin (PEPE), Dogecoin (DOGE), and BlockDAG (BDAG), each demonstrating significant potential. These cryptocurrencies are currently viewed as some of the most promising investments for 2024.

Here’s a closer look at these notable cryptocurrencies and what makes them top picks for your portfolio.

1. BlockDAG Surges with $154.5M Raised in Recent Sales

BlockDAG (BDAG) has made a remarkable impact in the cryptocurrency market with its presale phases, reaching an astounding 2240% growth. From its initial offering at $0.001 to the current price of $0.0234 in Batch 26, BlockDAG’s presale has amassed over $154.5 million by distributing 16.7 billion coins. These achievements underscore the robust interest from the crypto community and indicate a significant ROI potential.

BlockDAG’s architecture skillfully tackles the well-known blockchain trilemma of security, scalability, and decentralisation. By integrating Directed Acyclic Graphs (DAGs) with proven blockchain security measures, BlockDAG offers a scalable and secure platform.

This innovative setup facilitates fast transactions and supports a transformative ecosystem. The platform simplifies the creation of meme coins and NFTs, positioning itself as a formidable competitor to Solana in this niche with its accessible tools and templates.

2. Shiba Inu’s 40% Surge Signals Strong Momentum

Shiba Inu has seen a remarkable 40% rise this month, trading at approximately $0.0000254. This growth is linked to a 5,000% increase in its burn rate, removing around 60 million tokens in just 24 hours, which reduces supply and may boost value. Additionally, SHIB’s exchange-held supply has hit a three-year low, reflecting a shift to self-custody and easing immediate selling pressure.

Shibarium, the layer-2 scaling solution, has achieved notable milestones by processing over 500 million transactions and exceeding 8 million blocks. These advancements enhance the network’s efficiency and scalability. Analysts anticipate a potential 50% rally if SHIB crosses $0.00002800, with some projecting a rise to $0.00022.

3. PEPE Coin Recovers After 27% Drop

Pepe Coin has dropped by over 27% from its annual high and is now trading at $0.0000187, with a market cap of over $7.8 billion. Exchange data shows a 1.46% decrease in PEPE holdings, now at 239.84 trillion tokens, pointing to a shift toward long-term holding.

This trend could reduce selling pressure, creating room for price growth. Moreover, significant whale activity has been noted, including a major purchase of 1.01 trillion PEPE tokens valued at approximately $19 million. These large-scale transactions indicate growing confidence among big players, which may support further price recovery.

4. Dogecoin Eyes $20 After Testing $0.40 Resistance

Dogecoin has posted impressive gains this year, soaring over 400% and currently priced at $0.404. This is still 45% lower than its peak in 2021 of $0.7316. Analysts closely watch DOGE as it approaches a pivotal resistance at $0.40. If it successfully breaks past this barrier, its value could climb to $0.43. However, prices could drop to $0.36 or even $0.34 if it doesn’t hold this level.

Encouraging developments have bolstered confidence in Dogecoin’s market potential. The U.S. has introduced the Department of Government Efficiency (DOGE), and Valour has launched a Dogecoin exchange-traded product in Sweden. These advancements suggest a potential price surge to $20 in the long term, supported by Dogecoin’s consistent growth pattern.

The Premier Crypto of 2024: BlockDAG Takes the Lead

When evaluating the best cryptocurrency to jump in 2024, BlockDAG stands out for its impressive presale achievements and innovative architecture. With $154.5 million raised and a remarkable growth trajectory, BlockDAG is recognised as a top contender for potential returns. Its advanced platform supports fast transactions and creative crypto developments, making it the leading choice for those looking to tap into this year’s vibrant crypto market.

These cryptocurrencies show compelling growth prospects and market resilience, making them prime candidates for 2024. However, BlockDAG’s distinctive capabilities and transformative potential position it at the forefront of this dynamic market.

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