As 2024 approaches, a wave of optimism is evident in the cryptocurrency market, with Bitcoin‘s recent price surge reflecting expectations for increased gains and the anticipation of a spot Bitcoin ETF approval in the US. This sentiment has driven market participants to invest in major cryptocurrencies and altcoins, anticipating a strong performance in the new year.
Dogecoin (DOGE) has seen a significant increase in wallets holding over $1 million, reaching 718 by December 20, with 107 wallets exceeding $10 million. DOGE’s price has risen by 2.33% in the last 24 hours to $0.921, showing a 0.53% increase over the last week and a 14.96% rise over the past month.
Shiba Inu (SHIB), the second-largest memecoin, is also seen as a high-potential altcoin for 2024. The SHIB development team’s collaboration with domain service provider D3 to offer .shib domain extensions could further boost its price. SHIB is currently trading at $0.00001033, with a 1.10% increase over the last 24 hours and price jumps of 10.43% and 21.17% over the last week and month, respectively.
Hedera (HBAR) shows promise for 2024, especially with its collaboration with South Korean automotive giants Kia and Hyundai on a CO2 emission monitoring system, and a joint initiative with the United Nations to tackle climate change. HBAR’s price has surged by 7.86% in the last 24 hours to $0.08689, with a 10.43% increase over the last week and a 32.22% rise over the past month.
Lastly, the trending memecoin Bonk (BONK) has captured significant attention after being listed on major exchanges like Coinbase and Binance. BONK is currently the trendiest memecoin and is expected to continue its popularity into 2024. Despite a 2.90% drop in the last 24 hours, BONK has soared by 56.61% over the past week and an impressive 355.19% over the last month.