Altcoins
Investors are exploring 3 altcoins in the current crypto bull run
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Due to the timely approval of the Bitcoin ETF, February is sending strong signals confirming an uptrend. Led by the rally in Bitcoin (BTC) and Ethereum (ETH), several cryptocurrencies have reached their new 2-year highs, bringing a sense of relief after the turmoil.
People around the world are showing great interest in exploring these highly volatile assets and the underlying technology: blockchain. The following cryptocurrencies, worth much less than a penny, could prove to be affordable choices.
Here is a brief analysis of market sentiment and the latest updates on the three altcoins to consider in 2024:
Shiba Inu
Shiba Inu (SHIB), commonly known as the Dogecoin killer, is up 41% over the past week.
According to CoinMarketCap dataSHIB rose from $0.00000938 to $0.00001352, its current price range.
Shiba Inu developers’ plans to launch new updates such as Shibarium’s new privacy-focused network are catalyzing positive SHIB sentiment.
Since the launch of Shibarium, SHIB has been on a mission to bring strong utility to its native memecoins.
| Market capitalization | $7.92 billion |
| All-time high (ATH) | $0.00008845 (October 28, 2021) |
| All-time low (ATL) | $0.00000000008165 (September 1, 2020) |
| Total offer | 589.53 billion |
PEPE
PEPE, the viral frog-themed memecoin, is up more than 180% in the last 30 days.
Additionally, it is worth noting that analysts have seen higher demand for this meme coin in the futures market.
According to CoinMarketCap, the price of PEPE, at the time of writing, was $0.0000029.
| Market capitalization | $1.23 billion |
| All-time high (ATH) | $0.000004354 (May 5, 2023) |
| All-time low (ATL) | $0.00000002764 (April 27, 2023) |
| Total offer | 420.69 trillion |
BEFE
BEFE is one of the new entrants in the field of meme tokens.
Debuting in the crypto market without a pre-sale, this coin has captivated the attention of the community.
As large-cap coins recover, BEFE has also seen a gradual increase of over 17% over the past month. At the time of writing, BEFE was trading at $0.0004048.
| Market capitalization | $40.77 million |
| All-time high (ATH) | $0.001128 (December 27, 2023) |
| All-time low (ATL) | $0.0001284 (November 27, 2023) |
| Total offer | 100 billion |
SHIB, PEPE and BEFE are cheap altcoins that investors can consider in 2024.
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