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The cryptocurrency market is entering deeper into another bull season, resulting in a surge in global market cap. Over the past week, the overall market cap has remained above $1.6 trillion, according to CoinMarketCap.
One of the main reasons for this is that many investors are skeptical about approving a Bitcoin ETF. According to the sponsored content poster, investors are researching which cryptocurrency to invest in.
This article reports sponsored content post highlights the top 8 cryptocurrencies to follow so you and others can benefit from the current bull trend.
Bitcoin (BTC)
Recently, most of the news around the world has been about Bitcoin (BTC), the leading cryptocurrency. There are two events that are exciting the cryptocurrency market in 2024: Bitcoin’s halving and the approval of a Bitcoin ETF.
Bitcoin’s price has already surpassed $47,000 in anticipation of the upcoming ETF. Until now, investors have been skeptical that the SEC would approve a Bitcoin ETF. The news is good.
In a recent interview with CNBC, former SEC chairman Jay Clayton predicted that an ETF would be approved by the SEC by Wednesday. He stated that the main obstacles to the approval of the ETF have been overcome.
According to Matrixport, Bitcoin will skyrocket to $50,000 and eventually $100,000. Bank Standards Chartered is one of the top firms that believes a price of $100,000 is possible in 2024.
Ethereum (ETH)
Ethereum ETH, the largest altcoin by market cap, is also awaiting its own ETF later this year. While approval seems hopeless, a positive Bitcoin ETF launch could fuel the Ethereum price. Currently, Ethereum is priced above $2,300.
The token fluctuates between $2,184 and $2,430. Analyst Michael Van de Poppe is optimistic about Ethereum. Michael predicts that the Bitcoin ETF price will rise to $3,500 after its launch.
Solana (LEFT)
There is Solana (SOL), an Ethereum killer that offers faster and cheaper transactions. Its native token was among the best performers last year, as were its smart contracts, dApps, and NFTs powered by the Ethereum network.
The altcoin has rocketed from a low of $13.38 to highs of 125 throughout the year. During this time, Solana coin became the 4th largest coin by market cap. Analysts are still optimistic about the project and predict an increase of up to $200.
Cardano (ADA)
In the last three months, Cardano (ADA) has gained in value. During this time, the value of Cardano coin increased by more than 200%. The Cardano network is growing rapidly and by 2024 it could be even bigger than that.
In early 2024, the Chang Hard Fork is likely to occur, which could revolutionize the Cardano network. This update is expected to significantly improve the blockchain. Better security protections, increased deaths
It will offer scalability and faster processing times. Considering this, it is possible for Cardano coin to reach its all-time high in 2024.
Meme Moguls (MGLS)
Meme Moguls (MGLS), whose new project future is uncertain, is claimed to be a project to follow if you want to capitalize on the bull trend, according to the sponsored content poster. This released play-to-earn (P2E) gaming platform, which was recently in pre-sale, is designed to educate users on investing and building wealth.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
One of the main parts of this DeFi project is the simulated investment functionality. Simulated investing was created for users to explore investment opportunities while participating in virtual stock trading games. Players start with a virtual cash balance of $100,000.
MOGULS!! 🔥
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— Meme Moguls (@meme_moguls) December 8, 2023
As they trade and build their portfolios, they learn different investment strategies. For example, they are encouraged to allocate no more than 20% of their portfolio to a single investment. Interestingly, top performers are rewarded with coins they can withdraw.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
According to the content poster, another earning opportunity on Meme Moguls is staking. Users can earn passive income by staking MGLS tokens. Meme Moguls is currently in the early stages of token presale, priced at $0.0027 per token.
The project was a huge success in pre-sale and raised over $1.5 million from investors, according to the sponsored content poster. Analysts say MGLS could make gains if it can be successful in 2024, when the DeFi project launches.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
Dogecoin (DOGE)
Another cryptocurrency designed as a joke of Bitcoin is Dogecoin DOGE. This explains why DOGE is so famous and interesting. However, online excitement around this cryptocurrency, its accessibility features, and well-known supporters such as Elon Musk and Snoop Dogg have contributed to its rise in popularity.
In January 2024, the Dogecoin community achieved a remarkable feat when it became the first token sent into space. There is hope among Dogecoin enthusiasts that Dogecoin will be integrated into Musk’s X platform in 2024. In the coming months, Dogecoin could see huge gains in such a scenario.
Ripple (XRP)
Ripple’s XRP is a global payments network that will rival traditional financial institutions. A judge in the Southern District of New York declared in July 2023 that cryptocurrencies are not securities. As a result of this decision, the value of the XRP coin increased.
A hearing is expected later in the year, and the Ripple-SEC dispute could be resolved by 2024. If Ripple wins, there will be a significant increase in the price of XRP.
Shiba Inu (SHIB)
Shiba Inu or SHIB is another meme coin that is poised to make a big splash in 2024. Unlike Dogecoin, instead of using its own blockchain architecture, Shiba Inu was issued as an ERC20 token on the Ethereum network.
Currently, the Shiba Inu team has made great strides to grow the Shibe ecosystem and introduced a layer-two network called Shibarium. They are also developing the .shib Top Level Domain (TLD). This may affect the cost of Shiba Inu in 2024.
Conclusion
Bullish sentiment is improving in the crypto space and you don’t want to miss this big bounce. Those who are considering which cryptocurrency to follow according to the sponsored content sender can consider the 8 cryptocurrencies at the top of the list.
Click to review the Meme Moguls token.
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high risk investments, do your detailed research before investing!