The cryptocurrency market is preparing for an upcoming bullish phase, expected by analysts around 2024. Analysts point to potential catalysts such as the introduction of a Bitcoin (BTC) Exchange Traded Fund (ETF) and the upcoming BTC halving event in the coming year. This anticipation of a bullish market trend might attract a wave of new investors to the cryptocurrency space.
For those entering the market for the first time, beginning with smaller investments that offer the potential for significant returns could be a strategic approach. Let’s explore the top three cryptocurrency projects priced under $0.10 that have the potential to experience a 2X rally in 2024.
3 Cryptos Under $0.10 for a Potential 2024 Doubling Effect
Shiba Inu (SHIB):
Shiba Inu (SHIB) has emerged as a highly favored cryptocurrency token in recent times. Despite facing challenges in 2023, analysts are optimistic about SHIB gaining substantial momentum in 2024. The token has experienced a nearly 90% decline from its previous all-time high (ATH) reached in 2021. There is widespread belief that SHIB has the potential to not only recover to its ATH during the upcoming bullish phase but potentially surpass it. Moreover, SHIB is recognized as one of the most affordably priced cryptocurrencies currently on the market.
Dogecoin (DOGE):
Dogecoin (DOGE) stands out as one of the most widely recognized cryptocurrency assets and is notably the pioneer in the meme coin category. Similar to SHIB, DOGE has faced challenges throughout much of 2023. Nevertheless, there is widespread anticipation that the canine-themed cryptocurrency will experience a significant surge in value during the upcoming bullish market. Additionally, there are speculations suggesting that DOGE might be included in the new payment feature of X (formerly known as Twitter). Participation in X’s payment feature has the potential to trigger an increase in global adoption for DOGE and consequently drive up its price.
VeChain (VET):
VeChain (VET) is a well-liked cryptocurrency available for less than $0.10. Functioning as a supply-chain-oriented project, VET actively engages in various environmental and climate change endeavors. Furthermore, the project has established partnerships with numerous prominent global corporations. Despite reaching its all-time high (ATH) in April 2021, VET has experienced a decline of more than 90% in its value.