Next Crypto to Hit $1 in 2024: Our 4 Top Picks
The post Next Crypto to Hit $1 in 2024: Our 4 Top Picks appeared first on Coinpedia Fintech News
The cryptocurrency sector is preparing for a significant rally in 2024, anticipated to be a pivotal year for digital currencies. Industry specialists are keenly observing the SECās approval of Bitcoin Exchange-Traded Funds (ETFs), coinciding with the Bitcoin Halving event. Experts have forecast that Bitcoin could surpass the $100,000 mark within the year.Ā
Key Insights:
Bull run prediction in the crypto market in 2024.
Symbols of the $1 mark.
Top 4 cryptocurrency picks.
$PIKAās GameFi potential.
Shiba Inuās journey to $1.
Cardano and Dogecoin current market values.
In the event of another bull run in the crypto market similar to the one seen in 2021, we can expect significant excitement. During this time, many tokens will experience substantial price increases, resembling the rapid ascent of fireworks on New Yearās Eve.
Hitting the $1 mark in cryptocurrency is significant for both investors and enthusiasts. It symbolises the potential for a cryptocurrency to have a significant impact and change the industry. As we enter into the world of digital currency, the question on everyoneās mind is: which cryptocurrency will be the next to reach $1 in 2024?
Let us now explore the top 4 cryptocurrencies that are currently performing well and are predicted to experience major growth in 2024.
Top 4 Crypto Under $1 That Will Explode
The excitement surrounding discovering the next crypto to hit $1 isnāt solely about luck or guesswork; itās about grasping the ins and outs of market trends and technological progress.Ā
In the fast-paced world of cryptocurrency, opportunities for substantial gains are always present due to the rapid changes. This constant flux makes the search for the next cryptocurrency to reach a value of $1 particularly enticing.
Pikamoon ($PIKA)
In the growing GameFi industry, proactive investors are on the lookout for promising opportunities in blockchain gaming. This search for potential gems involves identifying crypto tokens valued under $1 with the potential for substantial growth and impressive returns. New gaming tokens like PIKA, the native token of Web3 game Pikamoon, are gaining considerable interest.
PIKA isnāt just an ordinary digital tokenā itās the backbone of Pikamoon, a cutting-edge 3D Play-to-Earn (P2E) Web3 game thatās set to revolutionise the gaming landscape. And with the 2024 bull run on the horizon, PIKA, the rising star of GameFi tokens, is gearing up to blaze its own trail of success, following in the footsteps of other GameFi giants.
With a humble token price of just $0.0006 during its ongoing Presale (which, per its websiteās countdown, will end in April), the token will launch with a promising market cap of $10 million, therefore offering great scope for growth. In turn, Pikamoon then holds promise to become the next Axie Infinity ā and then some.
With PIKA being listed on centralized crypto exchanges, accessibility and investor confidence are expected to increase significantly. Investors will be able to easily purchase and secure PIKA tokens using popular ETH wallets such as MetaMask or Ledger, which will also contribute to Pikamoonās liquidity and expansion.
With the 2024 bull run looming large, the future has never looked brighter for projects like Pikamoon. Early investors are primed to seize the moment and dive headfirst into the exhilarating world of crypto gaming, where Pikamoonās AAA gaming concept and abundant earning opportunities shine like beacons of promise.
Pikamoon is a platform that combines gaming and decentralized finance, providing opportunities to make your dreams come true in the crypto world. If you are looking for a chance to join this exciting adventure, Pikamoon is the place for you.
Shiba Inu ($SHIB)
After more than doubling in 2023, it seems like the cryptocurrency market has finally thawed from the harsh crypto winter. With renewed optimism and the possibility of a bull market on the horizon, itās time to take a closer look at one of the standout performers from the last crypto boom: Shiba Inu (SHIB).
Back in 2021, when almost every cryptocurrency was skyrocketing, Shiba Inu burst onto the scene and stole the spotlight. With an astonishing growth of over 28,000,000%, this meme coin now sits as the 19th most valuable cryptocurrency globally. And its next big target? Hitting that coveted $1 mark. But can it pull it off?
Cryptocurrency prices are influenced by various factors, but thereās no one-size-fits-all formula for predicting them. Generally, the value of a cryptocurrency tends to rise with demand, often driven by the innovative ways people can use the currency.
Surprisingly, theyāve made some significant headway. Today, Shiba Inu holders have more options than ever, with the token being used for things like yield farming, buying and selling non-fungible tokens (NFTs), and various applications within the decentralised finance (DeFi) ecosystem.Ā
And there are even plans in the works to launch a Shiba Inu-based metaverse ā talk about ambitious!
But letās not forget about speculation ā itās a big player in the crypto game. During the last bull market, Shiba Inuās surge was largely fueled by speculation rather than any standout features or practical uses.
However, things have been changing. Over the past couple of years, the developers behind Shiba Inu have been hard at work, aiming to enhance its utility. Their goal? To shift Shiba Inu away from its meme coin status and toward a more serious contender.
Will Shiba Inu Coin Reach $1?
Based on the current calculations, for Shiba Inu to hit the $1 mark by 2030, it would require an astronomical rally of more than 12,400,000% from its current token price. While there are potential catalysts that could ignite a strong bullish run for this meme cryptocurrency, achieving such an ambitious target price seems virtually impossible.
In my view, the likelihood of Shiba Inu reaching $1 by 2030 is slim. The sheer volume of tokens in circulation presents a significant obstacle, and even with various use cases, itās improbable to sustain such a high price. However, if there were a substantial burn of tokens, perhaps in the range of 95-99%, this could make the $1 target more attainable.
Cardano ($ADA)
Cardano, sometimes called the āEthereum killer,ā is a special type of blockchain. It runs on a system called proof-of-stake. The goal of Cardano is to help people who want to make positive changes in the world, like inventors and thinkers.
The idea for Cardano came from Gerolamo Cardano, an Italian thinker. People started working on Cardano in 2017.
The folks who made Cardano say it can do cool things. For example, it can help create apps and contracts that work without a central authority. They also say itās designed to be flexible and easy to use.
One big event for Cardano was when Charles Hoskinson said they would make a big change called the Alonzo hard fork in August 2021. After that, the price of Cardano went up a lot.
Right now, one Cardano coin is worth about $0.58, and there are a lot of them out there. The total supply is 45 billion coins, but only about 34 billion are being used right now.
DogeCoin ($DOGE)
Dogecoin is a fun cryptocurrency that got its name from a popular internet meme featuring a cute Shiba Inu dog. The coinās creators, Jackson Palmer and Billy Markus, made it as a lighthearted project inspired by the meme. It all started in December 2013 when Dogecoin split off from another cryptocurrency called Litecoin.
Unlike Bitcoin, Dogecoin uses a different method called Scrypt technology for its mining process. This allows for faster and more accessible mining. Plus, since 2014, you can mine both Dogecoin and Litecoin at the same time.
Right now, one Dogecoin is worth about $0.086, and there are a lot of them in circulationāover 132 billion! However, we donāt know the total number that will ever exist. Dogecoinās popularity has grown a lot, and itās become a favourite among many cryptocurrency fans for its friendly and humorous vibe.
Finding the Hidden Gem!
Discovering hidden gems requires both artistic flair and scientific precision. While there are many promising options in the crypto world for 2024, one stands out as a potential game-changer: $PIKA.Ā
In the era of GameFi, where billion-dollar tokens reign supreme and GameFi projects are locking in billions, $PIKA emerges as a frontrunner.Ā
With its innovative GameFi concept and the recent surge in GameFiās popularity, $PIKA is set to explode onto the scene. Its integration with Pikamoonās progressive 3D P2E game sets it apart, offering investors not just a token, but a ticket to the forefront of the gaming revolution. Additionally, it has scope to amass a $1+ billion market cap, as did the likes of Axie Infinity, The Sandbox, and Illuvium in 2021.
As the crypto market continues to expand, driven by evolving regulations and increasing adoption, $PIKA represents an opportunity for savvy investors to capitalise on the next big thing. Whether youāre an expertĀ trader or new to the game, recognizing the potential of $PIKA is key. So, donāt overlook the obvious ā seize the chance with $PIKA whilst itās still at only $0.0006 during its Presaleā¦because come April, the token will be listed and prices will become a lot steeper.Ā
Next Crypto to Hit $1- FAQ
What is GameFi and how does it differ from traditional gaming?
GameFi refers to gaming platforms built on blockchain technology that offer players the ability to earn cryptocurrency while playing. Unlike traditional gaming, where players typically spend money on in-game purchases without the possibility of financial return, GameFi integrates decentralised finance (DeFi) elements, enabling players to earn rewards or even trade in-game assets for real-world value.
What is Pikamoon and how does it utilize cryptocurrency?
Pikamoon is a 3D Play-to-Earn (P2E) Web3 game that leverages blockchain technology and cryptocurrency. Players can earn its native PIKA token by participating in various in-game activities, such as completing quests, battling opponents, or owning virtual assets within the game. These tokens can then be traded on crypto exchanges or used within the Pikamoon ecosystem.
Is Shiba Inu likely to reach $1 in value by 2024?
While there is speculation surrounding the potential future value of Shiba Inu, reaching $1 by 2024 seems unlikely based on current market conditions and tokenomics. Factors such as the total supply of tokens in circulation and the utility of the coin will heavily influence its price trajectory. However, the cryptocurrency market is volatile and subject to rapid changes, so itās essential to monitor developments closely.
What distinguishes Cardano from other blockchain platforms like Ethereum?
Cardano is often referred to as an āEthereum killerā due to its unique features and design philosophy. Unlike Ethereum, which currently operates on a proof-of-work consensus mechanism, Cardano utilises a proof-of-stake system, offering increased scalability, energy efficiency, and security. Additionally, Cardano aims to provide a more accessible and flexible platform for building decentralised applications (dApps) and smart contracts.
What makes Dogecoin popular despite its origins as a meme coin?
Dogecoinās popularity stems from its vibrant and welcoming community, as well as its association with internet culture and memes. Despite initially being created as a lighthearted project, Dogecoin has gained widespread acceptance as a legitimate cryptocurrency due to its fast transaction speeds, low fees, and ease of use. Additionally, its charitable initiatives and community-driven projects have further cemented its place in the crypto space.
