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In July, Bitcoin showed signs of positivity when it hit $70,000. However, the pump was short-lived as BTC failed to break the $70,000 resistance. The BTC price is now way just above $60k.
Despite the dump, certain coins are worth looking into amidst this dip. In 2024, three meme coins stand out for their potential for various reasons: Doge2014, Shiba Inu (SHIB), and Maga (Trump). Here’s why these coins could make a decent surge in 2024.
Doge2014
The goal of this project is to recreate the early days of Dogecoin. The project does it by offering the coin at a relatively low entry price. Currently, you can buy DOGE2014 for just $0.00028.
One of Doge2014’s main features is its staking program. This lets holders keep their tokens for longer periods and at the same time earn rewards.
This also reduces the rate of token dumping and decreases the number of tokens in circulation. With demand rising and supply decreasing, the token’s value could potentially increase.
Around 240 million DOGE2014 tokens have already been staked according to the latest data.
Doge2014’s roadmap is divided into four phases.
In Phase One, the project started with a presale to build a strong community and establish a solid foundation. Phase Two focuses on executing marketing plans, forming strategic partnerships, and boosting social media engagement to attract more participants.
In Phase Three, Doge2014 will launch on various cryptocurrency exchanges, making the token more accessible and potentially increasing its volume and on-chain metrics. Phase Four is about ongoing development and growth, adapting to the community’s needs.
Doge2014 has a total supply of 100 billion tokens. 60% of the tokens are allocated for presale, allowing many to get in early. 25% of the tokens are set aside for staking rewards and 10% reserved for liquidity. The last 5% is allocated for marketing.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is currently trading below the $0.000015 level. This is almost 83% down from its all-time high.
Once the market gains traction again, Shiba Inu has the potential to breach its all-time high of $0.00008845.
The coin has shown upward movement in the past, following a dip as market conditions improved. Moreover, Shiba Inu has a loyal following and a rise in collaborations, which could also trigger a price surge.
Interestingly, IntoTheBlock data shows that 78% of the Shiba Inu holders have held their coins for over a year. 20% of the holders have been holding for a period of 1 month to less than a year. Also, only 2% of the holders have held it for less than a month.
Source: IntoTheBlock
MAGA (Trump)
MAGA (Trump) is another meme coin to watch in 2024. Because of Trump’s pro-bitcoin and crypto stance, there is a rise in anticipation of Trump winning the election in the United States. This coin leverages the strong support base of Trump supporters.
The expectation of Trump winning the election could drive the price of MAGA higher. Political events have often had an impact on markets.
If Trump ends up being favorable to win the election in 2024, the demand for Maga (Trump) could increase.
This could also potentially push the price of MAGA to its ATH of $17.52. This meme coin is trading around $4 at press time.
In 2024, Doge2014, Shiba Inu (SHIB), and Maga (Trump) stand out as meme coins with the potential for a price pump. Each coin has its own characteristics and catalysts that could drive its price higher.
Amongst all these three, Doge2014 has the highest room for growth, especially because of its connection with Dogecoin.
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