With Bitcoin reaching a new ATH, the cryptocurrency market has been rejuvenated with new promising activities. The proliferation of new tokens and meme projects can be difficult for the average user to explore, causing a bit of chaos at first.
#1 Cryptocurrency: Dogecoin
Dogecoin is one of the leading meme currencies that has successfully built its reputation as one of the major cryptocurrencies in the world. CMC describes Dogecoin as appealing to a wider audience beyond Bitcoin, labeling it an ‘exciting, fun project with solid potential.'”
The token has now surpassed its meme avatar and offers significant returns to those who explore the coin's maximum potential. According to CoinMarketcap, Dogecoin has increased 93% in the last month, followed by a slight decline of $0.84 in the past 24 hours. Dogecoin is expected to begin an upward trend this year, aiming for a target of $0.1835.
“Dogecoin is forecast to trade within a range of $0.157715 and $0.796408. If the higher price target is achieved, DOGE could increase by 333.79% and reach $0.796408.”
Similarly, with the launch of Dogecoin futures around the corner, experts expect the price of Doge to skyrocket, providing high returns to its holders.
Cryptocurrency #2: XRP
Ripple is another promising cryptocurrency that is poised to gain mainstream momentum sooner or later. Its solid platform strength and use cases make it a lucrative coin to hold and explore in a long-term scenario.
With an excellent track record of work, XRP is an open-source, permissionless, low-cost blockchain that executes transactions in record time. This blockchain also includes a DEX and possesses custom token capabilities, taking its prospects to the next level.
CoinMarketCap reports that XRP is experiencing a slight downtrend but is expected to gain more market momentum soon. Ripple's unique use case position is to enhance XRP's current market position as it trades at $0.6193.
According to CoinCodex, Ripple is experiencing minor resistance before reaching an all-time high.
“The price of XRP is forecast to increase 7.55% and reach 0.680671 USD on April 26, 2024. According to our technical indicators, current sentiment is neutral, while the Fear Index Fear & Greed is showing 83 (extreme greed). XRP recorded 18/30 (60%) green days with a price fluctuation of 5.05% over the past 30 days. “
With XRP's stable approach and diverse implementation cases, Ripple could also be an affordable cryptocurrency to consider in the long run.
Cryptocurrency #3- Shiba Inu
Shib, another meme-inspired token, has gained incredible popularity among users and traders. Dubbed a decentralized, community-led token, Shiba Inu has surpassed giants like Polka Dot, Chainlink and Toncoin to secure a prominent position in terms of cryptocurrency rankings.
Created by an anonymous crypto enthusiast, Ryoshi, the token has since been a consumer favorite, consistently trading at high and neutral levels. According to CoinMarketcap, the Shiba Inu recorded a gradual increase of nearly 193% last month. The token is trading at $0.00003069, affordable to hold and could explode at any time.
According to CoinCodex, Shiba Inu will soon reach a new ATH, as it rides the current market wave and excitement. With a gradual price trajectory, Shiba Inu could be another promising coin to explore in April.
Shiba Inu price is predicted to increase 228.99% and reach $0.00009955 by April 26, 2024. According to our technical indicators, current sentiment is bullish, while the Fear Index Fear & Greed is showing 83 (extreme greed). Shiba Inu recorded 18/30 (60%) green days with a price fluctuation of 28.79% over the past 30 days. “
The token is expected to reach $0.000143 by the end of 2024.
“Shiba Inu is forecast to trade in a range of $0.00003026 to $0.000143. If the higher price target is achieved, SHIB could increase by 367.81% and reach $0.000143.”