Here is How Traders Could Make Millions With These Three Top Altcoins Of 2024

The crypto market is in its bull cycle, with more traders coming into the market than ever. Now is the right time for traders to look to make quick gains before the market cools down. Among the most promising tokens are Dogecoin, Avalanche and a viral memeFi token, Cutoshi. 

Doge Cements Its Position As Top Dog

Dogecoin (DOGE) has seen impressive growth in the latest cycle, cementing its position as the top dog among memecoins. Recent political events have pushed Dogecoin to multi-year highs, and a slight recent correction is not taking the steam out of it. 

Dogecoin has seen a slight correction this week, falling 10% on December 10 alone. Currently, the token is trading at $0.3974, down from the December high of $0.483. Even at its current value, the token has seen a year-over-year gain of 289.73%.

Source: CMC

The reason for Dogecoin’s latest growth was the political changes in the US. Thanks to Donald Trump’s victory, his ally Elon Musk, also a great Doge promoter, has gained access to the White House. Dogecoin traders now expect the spotlight on Musk to also translate to publicity for Doge. 

Renewed trader interest is also reflected in strong technicals for Doge. Moving averages indicate a strong buy signal. At the same time, oscillators are mixed, with the Relative Strength Index (RSI) at 72 points. This indicates potential overbought conditions. Still, Doge overcame these conditions before, and analysts predict new highs for the token. 

Avalanche Regains Momentum

After a year of slow performance, Avalanche (AVAX) is once again gaining steam. This token may be one of the biggest gainers in the coming months. 

Before the recent rally, Avalanche has seen continued declines in the past year. Large token unlocks, as well as slow ecosystem growth. The TVL of the Avalanche blockchain is at $1.4 billion, trailing significantly behind other alternative chains such as Solana, Tron, BSC, and Base.

Source: DefiLlama

Still, other metrics are suggesting a different story. For instance, while on-chain volume has still not regained its 2022 levels, it is steadily increasing. The increased volume shows Avalanche’s capital efficiency compared to chains like Ethereum. 

With increased volumes and continued institutional investments, Avalanche’s network TVL is set to pick up steam. This also means increased potential for the Avax token. 

Viral Cutoshi MemFi Token Breaks $1.36M In Investments

Traders who are willing to take more risk for a chance to turn thousands into millions invest in small-cap tokens. One of these, Cutoshi (CUTO), has recently gained viral status after gaining $1.36 million in investments just weeks after launch. 

The token has achieved this success thanks to its combination of memes and DeFi. Cutoshi’s avatar is the lucky cat, or maneki-neko, a symbol with a rich history in Asia. Just like the lucky cat brings luck and prosperity to the house, Cutoshi hopes to bring luck to the trader’s portfolios. 

At the same time, Cutoshi takes its inspiration from Satoshi Nakamoto, the Bitcoin creator. Like the legendary Satoshi, Cutoshi is all about decentralization. It aims to bring DeFi to as many people as possible. Its multichain DEX promises low fees and a user-friendly interface while retaining self-custody. 

With more and more people joining crypto, the project has the potential to bring a lot of new people into DeFi. As users are increasingly concerned about security in crypto, DeFi platforms like Cutoshi have significant potential to challenge centralized exchanges. 

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