2024 Forecast: Top 3 Under $0.10 Cryptos Set for Surge

• The Cryptocurrency Market: Trend Analysis and Forecasts
• Cryptocurrency Forecast: Three Under $0.10 to Watch
• Shiba Inu (SHIB)
• Dogecoin (DOGE)
• VeChain (VET)

The Cryptocurrency Market: Trend Analysis and Forecasts

The recent revival of the cryptocurrency market appears to indicate a rebound from the previous sell-off. As the leader of the pack, Bitcoin$42,260 -0.64% (BTC) has reestablished itself over the $43k mark, with other crypto assets trailing closely behind. A number of market analysts are predicting a bullish run for the sector come 2024. This optimism is fueled by a combination of factors including the Securities and Exchange Commission's (SEC) recent approval of the spot BTC ETF (Exchange Traded Fund), and the event of Bitcoin's halving in April.

Cryptocurrency Forecast: Three Under $0.10 to Watch

Given the prospect of a bullish market, there are three cryptocurrencies currently priced under $0.10 that are predicted to experience a significant surge in 2024. These include Shiba Inu$0.000010 -2.05% (SHIB), Dogecoin$0.091 -0.42% (DOGE), and VeChain (VET).

Shiba Inu (SHIB)

Shiba Inu, commonly referred to as SHIB, has gained substantial popularity amongst investors and traders. Early adopters of this asset have seen considerable returns. Despite a dip following its 2021 peak, many are hopeful that the memecoin will regain its momentum in 2024. Should a bullish market prevail this year, it could potentially see SHIB exceed its previous all-time high of $0.00008616. In addition, the SHIB team is reportedly developing a new token burn mechanism. This mechanism, which is specifically designed to annually eradicate trillions of tokens, could drastically reduce the cryptocurrency's supply and subsequently drive up its price.

Dogecoin (DOGE)

In the memecoin category, Dogecoin (DOGE) is another asset expected to see a rise in 2024. Speculation around Elon Musk's X platform suggests that DOGE may be included in its forthcoming payments feature. This possibility, combined with Musk's vocal support of DOGE, could trigger an increase in mass adoption and therefore a spike in price. However, there has been no official announcement confirming the inclusion of any cryptocurrencies in the new service at this point.

VeChain (VET)

VeChain (VET) is another asset to monitor closely for potential gains in 2024, especially considering a bull run. With numerous partnerships and noteworthy involvement in various climate change initiatives, VeChain is primed for a growth in adoption. The project also plans to penetrate the $20 trillion global payments market with its newly trademarked V3TR platform.

Edited by Jonathan Stoker