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Expert Reveals Altcoins Surpassing Shiba Inu, XRP, and Dogecoin

November 1, 2024
in Altcoin
Reading Time: 5 mins read
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Expert Reveals Altcoins Surpassing Shiba Inu, XRP, and Dogecoin
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New altcoins are showing stronger growth patterns than major cryptocurrencies. Market analyst Murad points to four tokens that might perform better than Shiba Inu, XRP, and Dogecoin. His analysis looks at each token’s market value potential. These findings sparked heated discussions in crypto trading communities worldwide.

Also Read: Central Bank Digital Currencies Set to Surge 2,430% by 2031

Discover Altcoins Outperforming Popular Cryptos in Market Volatility

Emerging Altcoin Performance

Based on its smart contract features, SPX6900 could grow 162.6x. More developers are joining the platform daily, strengthening its technical foundation. GIGA has secured new partnerships and improved its token system.

These changes suggest it might rise 168.13x, beating Dogecoin’s market numbers. Trading volumes support these growth projections.

New Token Fundamentals

POPCAT works faster than Shiba Inu and costs less to use, too. Big investors noticed when POPCAT improved its main network. The project shows signs of 28.38x growth potential. APU works like Chainlink but checks data faster and charges less. These improvements attracted more users to both platforms.

Also Read: Tether CEO Exposes USDT Reserves: Key Insights for Crypto Enthusiasts

Price Comparison and Market Values

two coins emerging from the firetwo coins emerging from the fire
Image Source: Watcher Guru

These new tokens show significant trading activity while also being easier to buy and sell now:

  • SPX6900 trades at $0.87 and has a market cap of $809.63M, compared to XRP’s historical peak of $3.4.
  • GIGA trades at $0.055 and has a market cap of $528.12M, while Dogecoin reached $0.73 at its peak.
  • POPCAT‘s current price of $1.48 and $1.44B market cap shows strong potential compared to Shiba Inu’s peak of $0.0486.
  • APU trades at $0.0385 and has a $278.25M market cap, aiming to compete with Chainlink’s peak of $52.7.

Each token’s trading volume indicates growing market interest and liquidity support.

Risk Assessment

New tokens face more price swings than established ones and must deal with stricter rules. Their small market size means prices can change fast, making them riskier than XRP or Dogecoin. The price gap between buying and selling is bigger for these tokens. Market volatility affects smaller altcoins more severely than established cryptocurrencies.

Adoption Metrics

XRP handles millions of daily transactions, while many stores accept Dogecoin for payments. But new altcoins are catching up quickly. SPX6900 has 50,000 active users and is growing. GIGA’s finance tools hold a total value of $180M.

Also Read: Buy VeChain (VET): Double Digit Profits Predicted in November 2024

POPCAT’s digital art market trades $2.5M weekly. Network activity shows consistent growth across all four emerging tokens. Their user bases expand daily as more traders discover these alternatives.

Credit: Source link

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