Optimism Rises as 2024 Approaches: Promising Altcoins to Watch

As 2024 approaches, a wave of optimism can clearly be seen with the recent rise in Bitcoin‘s (BTC) price, as participants are turning to the largest cryptocurrency and altcoins in anticipation of more gains and, especially, the green light for a spot Bitcoin ETF in the USA.

Dogecoin (DOGE)

Dogecoin (DOGE) has seen a notable increase in the number of wallet addresses holding balances over one million dollars in the past year. As of December 20, this number has reached 718, with 107 wallet addresses holding balances over ten million dollars.

Reflecting investor confidence, DOGE has risen 2.33% in the last 24 hours to $0.921. Moreover, data shows that the altcoin’s price has increased by 0.53% in the last 7 days and by 14.96% in the last 30 days.

Shiba Inu (SHIB)

Shiba Inu (SHIB), the second-largest memecoin, is emerging as a high-potential altcoin for 2024. Notably, Shiba Inu’s development team is working with internet domain name service provider D3 to offer the .shib domain extension. Positive news from this collaboration could accelerate the altcoin’s price increase. Additionally, a weekly close above $0.000011 could propel it even further.

At the time of writing, SHIB’s price is trading at $0.00001033, which corresponds to a 1.10% increase in the last 24 hours. Data indicates that the altcoin’s price has risen by 10.43% in the last 7 days and by 21.17% in the last 30 days.

Hedera (HBAR)

Hedera (HBAR) is also seen as a high-potential altcoin for 2024, particularly in light of its collaboration with South Korean automotive giants Kia and Hyundai to establish a CO2 emission monitoring system, as well as a joint effort with the United Nations (UN) on climate change.

HBAR’s price has risen 7.86% in the last 24 hours to $0.08689 at the time this article was prepared. Current data shows that the altcoin’s price has increased by 10.43% in the last 7 days and by 32.22% in the last 30 days.

Bonk (Bonk)

At the bottom of the list is the breakout memecoin Bonk (BONK). After being listed on two major cryptocurrency exchanges, Coinbase and Binance, BONK has garnered significant attention and is currently the trendiest memecoin, expected to continue this trend into 2024.

Data at the time of writing shows that BONK has dropped 2.90% in the last 24 hours, but has risen by 56.61% in the last 7 days and by a considerably high rate of 355.19% in the last 30 days.