As the cryptocurrency market continues to captivate investors worldwide, the anticipation surrounding Bitcoin’s surge past the $100,000 mark intensifies. With the next halving event on the horizon, many analysts project Bitcoin’s price to soar to a new all-time high (ATH). However, amidst Bitcoin’s bullish trajectory, analysts suggest investors should turn to promising altcoins that may outperform Bitcoin’s returns. These coins are Shiba Inu (SHIB), Pepe coin (PEPE), and Retik Finance (RETIK).
Bitcoin’s Journey to $100,000
As Bitcoin surged back to $70,000, eyes turned towards the cryptocurrency’s journey to $100,000, with old all-time highs at $69,000 offering tentative support. Traders awaited cues from the Federal Reserve, with Jerome Powell’s cautious stance on rate cuts adding to the bullish sentiment. Speculation rose, especially with June being favoured for potential rate adjustments. Analysts noted key levels for BTC’s price action, highlighting the significance of a close above $69,000 for a potential breakout towards $100,000. Bitcoin’s highly anticipated halving event on April 19, 2024, will reduce the block reward to 3.125 bitcoin. With the halving event in sight, analysts and investors are predicting a price surge for BTC that may lead to it hitting the $100,000 psychological barrier. Another factor working in favour of Bitcoin’s $100000 price breakthrough is the ripple effect of Bitcoin spot ETF approval earlier in January. Since January, several companies have invested in BTC with their eyes on huge returns. Also, Bitcoin’s historical data trends, including its realisation of a 100% gain within 180 days, observed 41 times since 2015, suggest a strong likelihood of surpassing $100,000. Although it is very likely for Bitcoin to break the $100,000 barrier pre-halving, post-halving, or during a correction, analysts have identified other opportunities within the broader altcoin market. Shiba Inu (SHIB), Pepe coin (PEPE), and Retik Finance (RETIK) are three altcoins predicted to provide exponential returns above the expected Bitcoin returns.
Shiba Inu (SHIB)
Shiba Inu has seen substantial growth fueled by its meme-driven appeal and growing ecosystem. The joke meme coin has developed into a mainstay in the cryptocurrency space, and it has witnessed outstanding growth in 2024. Although it has witnessed a price dip in the past seven days, SHIB’s price surged by over 100% in the past months, and analysts are bullish on Shiba Inu, pointing to its low entry barrier and meme-driven appeal. Shiba Inu has a massive community of loyal followers called the Shib Army, who have driven attention to the altcoin via social media. Analysts predict an exponential surge for SHIB in 2024. Coincodex predicts a 219.69% rise by May 1, 2024. These bullish forecasts are based on the positive market sentiment indicating 79% greed. Another factor is the SHIB burning mechanism that is rapidly seeing millions of SHIB burnt out of the ecosystem. In March alone, about 15.5 million SHIB were burnt, creating scarcity that will significantly increase the value of SHIB.
Pepe Coin (PEPE)
Pepe coin, another shining star in the meme world, is set to skyrocket, leading to explosive returns for investors. Inspired by the iconic Pepe the Frog meme, it is a meme with value. Besides driving attention through meme culture and social media frenzy, Pepe coin carves out a niche within the NFT market. The Pepe-based rare NFTs it supports position it as a digital asset that supports and capitalizes on art and creativity. As NFTs continue to gain mainstream acceptance, Pepe Coin stands poised to benefit from the growing demand for digital collectibles and artistic expression. Through a deflationary mechanism that burns tokens with each transaction, it creates scarcity and drives up demand. With PEPE’s steady upward trajectory and positive market sentiment, PEPE is predicted to hit 228% in May, driving toward further bullish momentum.
Retik Finance (RETIK)
Retik Finance, the DeFi revolutionist, has created an impressive growth trail since its announcement in December 2023. Starting from its 10-stage presale that raised $32 million months before schedule, Retik Finance has set trailblazing records in cryptocurrency. Its value also rose to over 400% within two months, a testament to its potential for explosive returns. Built on the Ethereum blockchain, Retik Finance leverages smart contracts to enhance accessibility and efficiency in decentralized finance. It offers a comprehensive DeFi solution, which includes a non-custodial wallet, DeFi debit cards, payment gateway, and AI-powered P2P lending. While investors waited curiously for the announcement of its token listing and vesting schedule, Retik Finance caused another wave of excitement in the crypto space by releasing the beta version of its DeFi debit card a year ahead of schedule. This unparalleled achievement hints at more innovative development, crucial to long-term growth. With market sentiment favouring Retik Finance and analysts being highly bullish about its ability to yield incredible returns, potentially hitting the $1 mark, RETIK may generate higher returns than BTC in 2024.
Greater Returns
While Bitcoin’s potential surge to surpass $100,000 during the halving event captures headlines, analysts say Shiba Inu, Pepe Coin, and Retik Finance offer unique investment opportunities with the potential for superior returns. Shiba Inu, the dogecoin killer burning mechanism, may see a massive effect in 2024, and Pepe coin NFT integration will attract investors. Retik Finance has proven a continuous upward trend, and investors looking to gain higher than Bitcoin returns should look out for Retik token listing and vesting schedule announcements on its social media handle to be part of the next train of investors.
Visit the links below for more information about Retik Finance (RETIK):
Website: https://retik.com
Whitepaper: https://retik.com/retik-whitepaper.pdf
Twitter: www.twitter.com/retikfinance
Telegram: www.t.me/retikfinance
