As the peak investing season unfolds, the crypto market buzzes with one question: “Which crypto to buy in 2024?” Leading analysts spotlight three major contenders: Binance Coin, Shiba Inu, and BlockDAG.
Despite significant price drops, Binance Coin’s trading volume has shown consistent growth. Shiba Inu’s price outlook remains cautiously positive despite a 32.7% dip. However, BlockDAG emerges as the top pick this year. Its price soared by 1,300% since the initial batch. Currently priced at $0.014 in presale batch 19, BlockDAG is projected to hit $1 by 2024, marking it as the year’s most promising investment.
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Shiba Inu Price Drops by 32.7%
Shiba Inu’s (SHIB’s) trajectory closely follows Bitcoin (BTC). When BTC fell below $63,000 after a 7% drop, Shiba Inu’s price plunged 32.72% in June, trading now at around $0.000017. This downward trend has sparked widespread investor anxiety, though some analysts remain hopeful. Despite SHIB’s drop to $0.00001689, analyst Captain Toblerone predicts a possible rally. However, uncertainty prevails, with SHIB needing a 2,564% increase to reach its $0.00045 target.
Binance Coin Trading Volume Rises Amid Declines
Binance Coin (BNB) saw a significant decline recently. Its current price of $644 is much lower than its recent highs, signaling a possible correction phase. The coin’s 4-hour chart shows a price below the EMA, reinforcing a bearish outlook. While the MACD indicator suggests potential recovery, the RSI remains neutral at 47.43.
Despite this, Binance Coin’s trading volume continues to rise. Given the current technical indicators and market sentiment, BNB’s future remains volatile. However, Binance CEO Richard Teng is optimistic, predicting BNB could reach $847 by year-end.
BlockDAG Presale Shines with 1120% Value Surge
BlockDAG has become a formidable market player with a 1,300% price surge since batch one. Rising from $0.001 in batch 1 to $0.014 in batch 19, analysts predict BlockDAG will hit $1 in 2024, potentially yielding a 20,000x ROI.
As the leading Layer 1 crypto with cutting-edge DAG technology, BlockDAG stands out from its competitors. Its rapid ascent in the crypto world parallels that of Kaspa. In just a few months, BlockDAG has sold over 11.8 billion coins, raising $54.7 million in presale revenue. At this pace, it might match or exceed Kaspa’s $3.7 billion market cap.
Beyond a successful presale, BlockDAG’s innovation in resolving the blockchain trilemma boosts investor confidence. Its strategic 4-month vesting period replaces unstable short-term gains with substantial long-term returns, protecting investors from market volatility and ensuring continued high ROI.
Final Thoughts
While Binance Coin’s trading volume rises and Shiba Inu’s price sees cautious optimism, BlockDAG stands out as the top crypto to buy in 2024. BDAG’s price is currently $0.014, up by 1,300% since batch 1. With its presale success, analysts forecast BlockDAG reaching $1 this year. As the market favors utility coins, BlockDAG’s market cap might soon rival Kaspa’s. The platform has already sold over 11.8 billion coins, raising an impressive $54.7 million in presale revenue.
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