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The post 3 Best Memecoins for 10X Growth in 2024: FLOKI, Shiba Inu, and Algotech appeared first on Coinpedia Fintech News
Meme coins have raised the expectation bar with their remarkable performance in 2024. Due to massive price breakouts and community-centric tokenomics, they are expected to become highly prevalent. FLOKI, Shiba Inu, and Algotech are emerging on the scene with 10x payoff potential.
FLOKI Surges 500% in a Month, Reaching a Total Value Locked (TVL) of $790 Million
FLOKI experienced a 500% meteoric rise in last month’s meme coin frenzy. With new developments surrounding the FLOKI ecosystem, FLOKI aims to establish itself as a leader in Real-World Assets (RWA) through tokenization narratives. The success of Floki’s DeFi staking solutions has led them to a significant milestone, with a TVL worth $790 million.
Due to its remarkable performance, Binance recently expanded its service to accommodate FLOKI. Users of Binance can trade the new pair FLOKI/FDUSD while enabling trading bots for Spot Algo for the same pair. This is facilitating more capital inflow in the meme coin, pushing its price point to new highs.
Despite a small price correction recently, many crypto whales are still holding onto their worth of billions of FLOKI with a positive outlook of the coin’s future trajectory. FieryTrading suggests that if FLOKI falls within the Fibonacci range of $0.00016 to $0.00020, this could provide a lucrative buying opportunity for investors who missed the previous entry points.
Shiba Price Surges by 185% With Increasing Activity on Shibarium Blockchain
Shiba Inu (SHIB) has proved to be the most profitable investment in the meme coin space. With the increased adoption of Shibarium, an Ethereum Layer-2 network, and a dedicated community, the token’s price has seen a phenomenal surge of 185% in the past month. Shibarium has gained momentum by integrating with prominent crypto platforms like Gate.io.
New developments on the Shibarium chain have further accelerated the success of the network. Shiba Inu is planning to launch a new privacy-focused network built on the Shibarium blockchain. Such innovations are driving the Shiba Inu ecosystem forward in terms of volume and market capitalization, which are on par with legacy projects.
Leading analysts think SHIB is about to experience another substantial rise in the upcoming weeks. Javon Marks noted the token’s immense strength, projecting a 150% surge if it overcomes the key resistance levels. Moreover, elements such as the burning of SHIB tokens can cause a notable price surge in the upcoming weeks.
Algotech (ALGT) Outpaces Legacy Projects After Presale of $2.4 Million
Algotech’s (ALGT) scalable technical infrastructure is designed to manage issues in real-time, such as rapid execution and large trade volume. The TradFi platform is revolutionizing the trading pattern through its decentralized intelligence features, which include hedging, mean reversion, and breakout detection.
The project has exceeded market expectations with a massive $2.2 million public presale round. Stage 2 of the presale grabbed significant attention after 60 million ALGT tokens were sold out within two weeks, reaching 6,000 unique holders.
ALGT token value is anticipated to skyrocket beyond its current $0.06 level as investors rush to buy the token. Market insiders believe its price can reach as high as $1 before it gets listed on major CEX exchanges, indicating a meteoric 300% ROI. This makes Algotech the best crypto to buy in 2024.
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