5 Altcoins to Keep an Eye on in 2024 Bull Run

5 Altcoins to Watch in the 2024 Bull Run

As the cryptocurrency market anticipates the upcoming Bitcoin halving, altcoins, particularly memecoins, are regaining prominence. With major institutions such as BlackRock, Vanguard, and Fidelity investing in Bitcoin, altcoins emerge as the true decentralized cryptocurrencies, enjoying the unwavering support of retail investors. During this bull run, many retail investors are eyeing these five altcoins for potential growth after the market's post-halving correction.

1. MAGA VP

MAGA VP is an Ethereum-based token that taps into the emerging political memecoin narrative. Through buy/sell taxes, it provides passive rewards to holders using TRUMP tokens. The TRUMP token fosters the growth of the MAGA TRUMP community. With a fixed supply of 50 million tokens, MAGA VP represents the Vice President candidate, marking a significant milestone for holders.

A unique tax system allocates 2% to various parts of the Trump ecosystem. 1% rewards MVP holders with TRUMP tokens to enhance community engagement, while 0.5% funds marketing efforts to increase visibility. Additionally, 0.25% is directed towards the TRUMP LP and MVP LP to strengthen liquidity and stability within the ecosystem. In just two months since its inception, MAGA VP has witnessed a remarkable +320.97% growth, demonstrating the steadfastness of its supporters.

2. DOGEVERSE

DOGEVERSE introduces a multi-chain Doge token inspired by the adventures of Cosmo, the chain-hopping Doge. It leverages technology similar to established cryptocurrencies like Ethereum Blockchain and EOS Blockchain. As the world's first multi-chain Doge token, DOGEVERSE aims to unite different cryptocurrency communities that share a passion for Doge memes and envision a unified ecosystem across various platforms, including Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base. The meme token is currently in its third presale, presenting an opportunity for investors to diversify their portfolios.

3. Slothana

The SLOTH token, a meme coin on the Solana ecosystem, has garnered over $15 million in its presale, highlighting the growing popularity of meme coins within this ecosystem. The project's early stages have attracted significant investor interest, fueling anticipation for its upcoming launch. Slothana's goal is to challenge traditional work structures and demonstrate the potential of full-time daily trading. Users can reserve SLOTH tokens by sending SOL tokens from their crypto wallets at a rate of 10,000 SLOTH per SOL invested. Slothana has gained attention not only for its effective marketing but also for its potential success as a memecoin, according to analysts.

4. Shiba Inu

Shiba Inu (SHIB) has emerged as a highly successful meme token, gaining widespread recognition. Initially conceived as a memecoin, its developers have since created an ecosystem around it, including Shibarium, a dedicated L2 chain. Shiba Inu currently trades at $0.00002203, having experienced a 4.47% price increase in the last 24 hours following the FED interest rate decision. Despite market indecisiveness, Shiba Inu maintains its dominance over other memecoins like DogeKiller and Slerf.

5. SLERF

In March, trading activity on the Solana chain reached a two-year high, with memecoins like Slerf, Snap, and Siba Inu witnessing significant trading volumes on decentralized exchanges (DEXs), as reported by CoinMarketCap and DEX Screener. DEX Screeners data shows that Slerf, the Solana-based memecoin, recorded a trading volume of approximately $2 billion on March 19, 2024, contributing to Solana's transaction volume exceeding $11 billion. This uptrend has brought momentum to the market following the FTX collapse in 2022.

The buzz surrounding Slerf intensified when a developer inadvertently sent $10 million in raised funds to a burn address, leading to a surge in Slerf's value. Currently priced at $0.34, Slerf has experienced an 18.33% increase in 24 hours.

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