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Based on comments from many prominent figures in the cryptocurrency space, we can finally say that another bull cycle is here. And as in previous bull markets, many investors are looking for cryptocurrencies that will provide significantly higher returns.
Injective set the bar very high in 2023, finishing the year with gains of over 3,500%, according to the sponsored content submitter. Although not every crypto can achieve this success, Avalanche (AVAX), Dogecoin (DOGE) and KangaMoon (KANG) with an uncertain future are coins to watch.
Injective: Standout Performance of 2023
Having opened the year at a low price of $1.25, the price of Injective (INJ) rose to a 2023 high of $43. This resulted in gains of more than 3,500% and made Injective one of the most sought-after crypto coins.
This rally was even more impressive because 2023 was not an obvious bull market for cryptocurrencies. Injective was named the best cryptocurrency to buy in 2023. Now that 2024 is a designated bull year, can AVAX, DOGE, or INJ repeat this performance?
Avalanche (AVAX): Focus on Meme Coins and Real World Assets (RWA)
Avalanche (AVAX) is making moves to dethrone Ethereum as the leading smart contracts platform. Offering a higher transaction throughput of up to 6,500 transactions per second, Avalanche has quickly become one of the top blockchains for development.
To expand its reach, Avalanche announced that it will soon invest in meme coins. By jumping into the Meme coin market, Avalanche aims to build the cultural diversity of its project. Additionally, the altcoin will also focus on the tokenization of real-world assets.
Can Avalanche Repeat Injective’s Bull Run?
Avalanche’s native coin is in a strong position to rise due to its 2024 targets. Additionally, AVAX reached a new record high of $45 in January, providing further evidence of the token’s optimistic future.
Many crypto experts predict that AVAX will post three to five times earnings in 2024 as a result. At the current price range, the altcoin could trade as high as $160 for a new ATH in 2024. Still, the possibility of a 35x price increase in 2024 is relatively remote, given the Avalanche’s $14 billion-plus market valuation.
Dogecoin (DOGE): Journey to the Moon
Nowadays, everyone knows about Dogecoin (DOGE), the largest meme coin globally. Dogecoin hopes to increase bragging rights with a Moon landing in 2024. As a result, DOGE will be the first cryptocurrency to land on the Moon.
SpaceX also agreed to DOGE in return by postponing the DOGE-1 Moon Mission. With so many people eagerly awaiting the Moon trip, 2024 will be a very exciting year for the most popular meme coin, Dogecoin.
Can Dogecoin Repeat Injective’s Bull Run?
In 2024, Dogecoin is definitely one of the meme coins to watch out for. Many crypto analysts predict that DOGE Filly will surpass the $1 milestone this year. That’s a gain of more than 1,200% from its current range.
While this is enough to make Dogecoin one of the best meme coins to buy now, it still falls slightly short of its 35x price predictions. A major constraint to DOGE’s potential boom is that the top meme coin has an unlimited supply.
KangaMoon (KANG) Overview: The Future of Meme Coin Space
KangaMoon (KANG), whose future is uncertain according to the sponsored content sender, is claimed to be one of the new names ready to take the meme coin market into the future. As a community-supported project looking to deliver real-world use cases, one wonders if KangaMoon can succeed in the meme coin space.
The platform has introduced an innovative social-fi model that allows users to earn money while having fun while attending events. Users on the KangaMoon network receive rewards as they participate in community events. The more a user participates, the more incentives they receive. This is an idea from which the next meme coins may emerge that may dominate in the future. However, the future of the project is uncertain, so do your detailed research before taking any action.
According to the content submitter, KangaMoon plans to offer more in the future. The project could allegedly evolve by adding a play-to-win game, an NFT community, and much more later in 2024. KangaMoon not only solves the current problem of meme coins, but also has plans for the network activity to continue to increase.
However, the project is new and it is uncertain whether it will be successful, so caution should be exercised.
Can KangaMoon Repeat Injective’s Bull Run?
The innovative idea introduced by KangaMoon has already allegedly made it one of the new meme coins on the market. KANG price reached a new high of $0.0075, rising 50% in its first week.
With the earning potential it creates, interest in KangaMoon is expected to grow further in the coming weeks. In the current presale, the KangaMoon team will offer a limited supply of tokens. However, it should not be forgotten that the future is uncertain.
Final Words: Investing Early in the 2024 Bull Cycle
Given the upward momentum the cryptocurrency market is currently experiencing, most of the leading cryptocurrencies should see big returns in 2024. This could be followed by Avalanche (AVAX), Dogecoin (DOGE) or the uncertain KangaMoon (KANG) projects.
On the other hand, investors looking for a coin to match Injective’s (INJ) 2023 record can look into cryptos to invest in for the 2024 bull market.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before investing!
