Bitcoin surged to an all-time high above $72,000, bringing with it waves of optimism to the crypto market. The meteoric rise has spurred coins like Dogecoin, Dogwifhat, and PEPE to rise to the joy of long-term holders. The question in the heart of many is if the latter two memecoins can pump harder than Dogecoin in 2024. Amidst this discussion, a new contender has emerged in Algotech (ALGT), an AI altcoin boasting impressive presale performance. With the crypto market entering a correction phase, experts weigh in to decipher the outlook for meme coins versus AI altcoins in 2024.
Dogecoin’s surge strengthens investor’s confidence
Dogecoin’s recent surge has solidified its place among the top cryptocurrencies, benefiting from the ongoing bull market alongside Bitcoin. Doubling in value within just a month, from $0.08 to $0.16, Dogecoin has garnered significant market attention and investor interest. With a market capitalization exceeding $24 billion, the Dogecoin community anticipates further growth, particularly in light of the upcoming Bitcoin halving, highlighting the potential impact of its surge on the broader cryptocurrency landscape.
PEPE’s potential to be better
While PEPE has shown promising potential in the meme coin space, closely trailing its competitors during the current bull run, comparing it to Dogecoin requires careful analysis. Both coins experienced rapid growth in 2024, with PEPE exhibiting nearly 8x growth in just one month, showcasing its deflationary nature and fostering a devoted community of early investors.
Will Dogwifhat be able to attain the position Dogecoin killer?
While Dogwifhat, often dubbed the “Dogecoin Killer,” has garnered attention for its impressive growth since its launch on the Solana blockchain in November 2023. With a market valuation of $281 million, Dogwifhat ranks as the sixth most popular meme coin, boasting significant gains of over 30% in the last month and a staggering 138% increase overall. Despite its memecoin status, Dogwifhat trades at around $0.33 per coin, showcasing its substantial rise in value, particularly following its listing on Bitfinex in February.
Algotech ($ALGT) having A 10x projection surge
Algotech (ALGT), an emerging player in the DeFi space, has captured attention with its rapid presale success. Within just 12 days, stage 1 of its public presale sold out, raising over $2 million and distributing over 50 million ALGT tokens. Positioned to revolutionize the crypto trading landscape, Algotech integrates various algorithms with machine learning, promising advanced features like breakout detection and hedging.
With the token currently priced at $0.06 and projected to rise to $0.08 in the next round, investors are eager to capitalize on its potential. Analysts anticipate a price surge to $1 post-listing, fueled by its deflationary nature. As excitement builds for its mainstream debut and the impending Bitcoin halving, Algotech garners support from the market, offering investors a promising opportunity to tap into the AI wave for potentially significant returns.
Don’t overlook the chance to invest in this AI altcoin during its presale phase for potentially more reliable returns on investment.
To learn more about Algotech, visit the Algotech presale website or join the Algotech community.
The post Can Dogwifhat and PEPE pump harder than Dogecoin in 2024? Learn why analysts think Algotech (ALGT) is a better choice than WIF and PEPE appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.