With Bitcoin touching a new ATH, the cryptocurrency market has been rejuvenated with promising new activity. The wave of new tokens and meme projects can be intimidating for an average user to explore, causing a bit of chaos at first.
At its peak, the cryptocurrency market is full of new developments and projects ready to hand out big rewards. Considering this, our top three affordable cryptocurrency picks can generate maximum profits in the ongoing bullish phase.
Also Read: 3 Affordable Cryptocurrencies to Buy in April 2024
Top Three Affordable Crypto Coins That Can Generate Maximum Profits
Cryptocurrency #1: Dogecoin
Dogecoin is one of the leading meme coins that has managed to establish its reputation as one of the leading cryptocurrencies in the world. CMC describes Dogecoin as appealing to a broader audience beyond Bitcoin, calling it a “fun, light-hearted project with solid potential.”
The token has now surpassed its meme avatar and is offering serious profits to those who explore the potential of this coin to the fullest. According to CoinMarketcap, Dogecoin is up 93% over the past month, followed by a slight decline of $0.84 over the past 24 hours. Dogecoin plans to enter an uptrend this year, aiming to reach $0.1835.
“Dogecoin is expected to trade in a range of $0.157715 and $0.796408. If it hits the upper price target, DOGE could rise by 333.79% and reach $0.796408.
Similarly, as the launch of Dogecoin futures is expected soon, experts expect the price of Doge to skyrocket, thereby providing handsome returns to its holders.
Also Read: Top Meme Coin Cryptocurrencies to Watch in April 2024
Cryptocurrency #2: XRP
Ripple is another promising crypto coin poised to gain momentum sooner or later. Its strong fundamental strength and use cases make it a lucrative coin to hold and explore in a long-term scenario.
With an exceptional working profile, XRP is an open-source, permissionless, and low-cost blockchain that transacts in record time. The blockchain also includes a DEX and has custom tokenization capabilities, thus taking its prospects up a notch.
CoinMarketCap reports that XRP is seeing a slight downtrend, but expects the market to gain momentum soon. Ripple’s unique use cases improve XRP’s current market position as it trades at $0.6193.
According to CoinCodex, Ripple is experiencing minor resistance before reaching an all-time high.
“The price of ). XRP recorded 18/30 (60%) green days with a price volatility of 5.05% over the last 30 days. “
Thanks to XRP’s stable approach and its various deployment cases, Ripple can also be an affordable crypto coin to consider in the long term.
Cryptocurrency #3 – Shiba Inu
Shib, another meme-inspired token, has gained incredible popularity among users and traders. Dubbed a decentralized and community-led token, Shiba Inu has overtaken giants like Polka Dot, Chainlink, and Toncoin to gain notoriety in terms of crypto rankings.
Created by an anonymous crypto enthusiast, Ryoshi, the token has been a consumer favorite ever since, trading at high and neutral levels at all times. According to CoinMarketcap, Shiba Inu has noted a gradual rise of almost 193% over the past month. The token is trading at $0.00003069, which is affordable to hold and may break out soon.
According to CoinCodex, Shiba Inu will soon reach a new ATH, given that it is following the current market wave and enthusiasm. With its gradual price trajectory, Shiba Inu may be another promising coin to explore in April.
Shiba Inu price is expected to rise by 228.99% and reach $0.00009955 by April 26, 2024. According to our technical indicators, the current sentiment is bullish, while the Fear and Greed Index is reading 83 ( extreme greed). Shiba Inu recorded 18/30 (60%) green days with a price volatility of 28.79% over the last 30 days. “
The token is expected to reach $0.000143 by the end of 2024.
“Shiba Inu is expected to trade in a range between $0.00003026 and $0.000143. If it hits the upper price target, SHIB could rise by 367.81% and reach $0.000143.
reference: watcher.guru