Pepe and Shiba Inu made strong gains in December, with price increases of 21.5% and 28%. As their growth continues, investor activity has grown among both projects, which are expected to continue rising throughout Q1. At the same time, a new cryptocurrency is about to hit a new all-time high, having already raised over $1 million during its presale. With this in mind, here are the hottest cryptocurrencies currently in the green.
Pepe Continues Bullish Trend In 2024
Although experts suggested that Pepe’s growth will slow, the project continues to rise in value. At the time of writing Pepe was trading above its 200-day simple moving average, suggesting that it will increase from its current price of $0.000001394.
Throughout December Pepe experienced 16 green days, increasing in value for over 50% of the month. This consistent growth pattern suggests that Pepe has significant resistance despite analysts’ doubt, and could be a strong investment in Q1.
This is supported by the fact that Pepe offers high liquidity and is easily accessible on exchanges such as Binance. However, the project isn’t without challenges.
Pepe is down 67% from its all-time high and has extremely high levels of competition in the market. As a result, Pepe remains a risky investment that will likely fluctuate throughout 2024.
Shiba Inu Whale Transaction Stirs Up The Memecoin Market
After a relatively quiet holiday period, Shiba Inu is once again making headlines following a huge whale transaction. In total, a staggering 2.4 billion SHIB (worth $44.4 million at the time of the transaction) was transferred from one anonymous wallet to another.
The reason behind this Shiba Inu transfer remains unknown, though is expected to have significant implications for Shiba Inu and the wider memecoin market. Shortly after this transaction, Shiba Inu experienced a $64 million surge in trading activity, and the value of Shiba Inu tokens is up by 3.33%.
With the Shiba Inu ecosystem continuing to expand, investors are extremely bullish about the memecoin. Shiba Inu is currently trading at $0.00001079, making the project an affordable investment opportunity in which investors can get involved without already needing a large startup fund.
Meme Moguls Hits $1m Milestone
Meme Moguls has quickly become a disruptive project in the memecoin space. This exciting new project introduces the world’s first marketplace that combines investing and memes. As the first of its kind, this new market has already attracted significant attention and will give investors the opportunity to develop a number of income streams.
The Meme Moguls game will teach players how to invest. It will work like a stock market, replacing stocks with memes that players can buy, sell and trade to build their portfolios. In addition to trading, investors will be able to take part in tournaments, interact with other gamers, and completely customize their avatars based on their favorite memes.
With a wide range of features, experts believe that Meme Moguls could become a top memecoin investment when it launches later this year.
The project is currently in stage four of its presale and has raised $1.4 million. This milestone has helped Meme Moguls gain further traction, and now stage four of its presale is expected to end anytime. Tokens are available for $0.0027, though their value will increase once stage two sells out.
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