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Altcoins Worth Monitoring in 2024 Bull Run

May 2, 2024

When it comes to Bitcoin halving, the entire crypto market is paying attention, leading to increased interest in altcoins, particularly memecoins. Big players like BlackRock, Vanguard, and Fidelity investing in Bitcoin reflect that altcoins are becoming true decentralized currencies with strong backing from retail investors. Retail traders are eyeing five specific altcoins to purchase during this bull run after they stabilize post-halving.

1. MAGA VP

MVP, operating on the Ethereum network, is a novel memecoin that revolves around politics. By utilizing buy/sell taxes, the MAGA VP token offers passive rewards to $MVP holders through TRUMP tokens, fostering growth in the MAGA TRUMP community. Various percentages of these taxes are directed towards different aspects of the project such as rewarding MVP holders, marketing, and enhancing liquidity. MAGA VP has seen a remarkable growth of +320.97% since its debut.

2. DOGEVERSE

DOGEVERSE has introduced a token that leverages similar technology to established cryptocurrencies like Ethereum and EOS, uniting different Doge meme communities across multiple platforms. The current presale phase offers a great opportunity for investors to diversify their portfolios.

3. Slothana

SLOTH, a meme token on the Solana blockchain, has raised over $15 million during its presale phase, reflecting the growing interest in meme coins on Solana. Slothana aims to redefine traditional work structures and promote full-time involvement in daily trading, attracting attention for its marketing efforts and promising potential.

4. Shiba Inu

Shiba Inu (SHIB) has emerged as a successful meme token with a dedicated ecosystem, including the Shibarium L2 chain. Despite market fluctuations, Shiba Inu remains a strong contender among other memecoins like DogeKiller and Slerf.

5. SLERF

Trading activity on the Solana chain has surged, with memecoins like Slerf experiencing high trading volumes. Slerf's popularity was boosted when a developer mistakenly sent $10 million to a burn address, increasing the coin's value. Currently, Slerf is priced at $0.34 with an 18.33% increase in 24 hours.

Overall, these altcoins present interesting opportunities for investors looking to diversify their portfolios during the 2024 bull run. Please note that the information provided is not financial advice, and readers are advised to conduct their own research before engaging with any mentioned projects.

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