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3 Altcoins To Buy Likely To Turn $1000 Into $100,000 In 2024

3 Altcoins To Buy Likely To Turn $1000 Into $100,000 In 2024

Altcoin spotlights SHIB, PEPE, and FET as prime choices in 2024's altcoins to buy, promising potential for significant investment growth

By Coingape Staff

1 day ago

Updated 21 hours ago

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3 Altcoins To Buy Likely To Turn $1000 Into $100,000 In 2024

STORY HIGHLIGHTS

Fetch.ai leverages AI and blockchain for revolutionary decentralized machine learning network.

SHIB shows promising growth with Shibarium launch, increasing investor interest.

PEPE's remarkable year-on-year surge positions it as a top meme coin.

The 2024 cryptocurrency landscape radiates optimism as certain altcoins, including Shiba Inu (SHIB), Pepe (PEPE), and Fetch.ai (FET), exhibit strong bullish momentum. These tokens stand out as promising investments, potentially turning a $1,000 investment into a staggering $100,000. The market’s current upswing underscores their potential, marking them as key players in this year’s investment strategies.

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1. Shiba Inu Coin (SHIB)

Shiba Inu Coin (SHIB), a cryptocurrency born from a meme, has rapidly climbed the ranks in decentralized finance, backed by an extensive worldwide community. This meme-based digital asset has experienced swift growth in both its popularity and valuation.

3 Altcoins To Buy Likely To Turn $1000 Into $100,000 In 2024

Shiba Inu price chart

SHIB

$0.00003258

Trade Now

Following a week of heavy trading, Shiba Inu has entered a phase of stability. The coin has attracted a lot of interest from investors, with a notable increase of 28% over the past week and an astonishing 262% rise in the past month. This surge is part of a larger bull market in cryptocurrencies, leading to significant investments in SHIB.

Currently, SHIB’s price hovers around $0.00003444 after a slight dip of 0.8%, yet investor sentiment remains positive, anticipating further upward movement. The coin’s market cap briefly surpassed $20 billion, positioning it among the top ten cryptocurrencies by market cap and highlighting it as a prime altcoin for investment.

The launch of Shiba Inu’s Layer-2 solution, Shibarium, has sparked considerable excitement, enhancing prospects for the coin’s advancement. Shibarium has been instrumental in increasing the burn rate of SHIB tokens, with the introduction of SHEboshis NFTs and KNINE utility tokens contributing significantly to the ecosystem.

Factors such as the Bitcoin surge, increased trading volumes, and large transactions by major investors have fueled demand for SHIB, cementing its place as a leading choice among meme coins for investors.

2 Pepe (PEPE)

Pepe (PEPE), a meme coin operating on the Ethereum blockchain, is quickly gaining traction in the world of meme cryptocurrencies, akin to Shiba Inu and Dogecoin. This venture aims to secure a prominent position in the realm of meme-based digital currencies.

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The impressive climb in PEPE’s value signifies a rising interest in meme coins. This is bolstered by the development within the Ethereum and Solana networks, alongside solid community support.

Altcoins To Buy Likely

Pepe price chart

SHIB

$0.00003258

Trade Now

PEPE has witnessed an exceptional surge, with its price increasing by over 15796% in the past year. This surge has elevated the Pepe coin’s value above $0.000009. Currently, it holds the 39th spot on CoinMarketCap, with a market capitalization of $3.8 billion, positioning it as the top meme coin for investment.

With its trading volume exceeding $1.54 million, PEPE stands out as a promising option for investors exploring the altcoin sector. This trend indicates a promising future for PEPE as it endeavors to become a leader among meme-based digital currencies.

3. Fetch.ai (FET)

Fetch.ai (FET) is spearheading a revolution with its decentralized machine-learning network built on blockchain. This groundbreaking initiative aims to decentralize online transactions, enhancing efficiency and user experience.

In the past day, Fetch.ai’s market value experienced a remarkable 15% increase, with FET price hitting $0.9472. This surge has elevated its market capitalization to $786 million, securing the 96th position in global market rankings.