3 Cryptos Under $0.2 with 20x Growth Potential in 2024

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The crypto market has seen a surprising turn after the launch of Bitcoin ETFs. Most altcoins, led by Ethereum (ETH) that surged 12.8%, have outshined Bitcoin which, in turn, experienced a 3.5% decline. Holders are definitely widening their scope beyond BTC as evidenced by standout gains of Ethereum Name Service (ENS). As January draws to a close, cryptocurrencies like Shiba Inu (SHIB), Bonk (BONK) and Stellar (XLM), all under $0.2, present potential investment opportunities.

Ride The Wave Of Innovation With ScapesMania

As the ScapesMania presale nears its completion in February, the team is working hard to secure a quick listing on tier-1 exchange platforms. There is a good probability that the token's value will increase exponentially after the listing.

The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry.

Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. 

As the presale is wrapping up, you need to act fast and grab your discounted tokens now! The countdown is on – don't let this chance pass you by.

Presale is Live Now – Join Now for a Chance to Benefit with MANIA

ScapesMania, a player in the $376 billion gaming industry, leverages the market's growth potential. Post-exchange debut, holders can anticipate greater liquidity and easier trading.

The community's excitement about the project is evident so far, with $4,500,000+ raised to date from crowd/retail contributions alone. Notably, the fundraising amount is growing by $50,000+ daily and the follower count has reached 60K+ and showcases a weekly growth of 12%.

The growing interest from crypto whales with checks of $20,000+ might expedite ScapesMania's transition from niche to mainstream.

ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the award-winning team behind ScapesMania secured a prestigious grant from a prominent player in the blockchain industry.

Furthermore, ScapesMania is notable for putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is where ScapesManias stands out.

Make sure you don't pass up the opportunity to get the early bird discount as the presale nears its end. Be quick if you want to get your hands on those lucrative tokens before they're all gone.

Presale Closing Soon – Seize Opportunities Now!

Shiba Inu (SHIB): Navigating the Surge in Burn Rate and Market Dynamics

Shiba Inu (SHIB) has recently experienced a significant surge in its burn rate, with an increase of nearly 6,000% over the past week. This has led to the removal of over 9.4 billion SHIB from circulation, representing more than 10% of the total number of assets destroyed last year. The strategy appears smart: fewer Shiba Inu (SHIB) tokens in circulation could make them rarer, potentially driving up the price if demand remains steady.

The Shiba Inu’s (SHIB) price has fluctuated within a range of $0.0000084 to $0.0000121, with key support levels at $0.0000028 and $0.0000065. Resistance levels are set at $0.0000138 and $0.0000175. The 10-day and 100-day moving averages are hovering at $0.0000096 and $0.0000089, respectively, indicating a generally positive short-term trend.

The future of Shiba Inu (SHIB) presents a mix of potential gains and challenges considering the recent uptick in burn rate and market trends that suggest a potential price increase. However, Shiba Inu’s (SHIB) further price action is difficult to predict because of its meme coin nature. Maintaining high demand as the supply decreases could stabilize or even increase Shiba Inu’s (SHIB) value, depending on market dynamics.

Bonk (BONK): Assessing the Bullish Reversal and Market Sentiment

Bonk (BONK), a Solana-based memecoin, has shown a notable recovery from its support level, exhibiting a 92% growth as its price reached a high of $0.00001795. The inverted head and shoulders pattern observed on Bonk's (BONK) chart signals a bullish shift that could further increase its price.

Bonk's (BONK) price has moved within a range of $0.0000097 to $0.0000183, with key support at $0.0000052 and resistance levels at $0.0000224 and $0.000031. The 10-day and 100-day moving averages are sitting at $0.0000124 and $0.0000130, respectively, reflecting a bullish short-term trend.

The future of Bonk (BONK) is brimming with potential for higher price levels, especially the $0.00002 mark, as indicated by the meme coin’s bullish pattern. However, there's a risk of a 30% drop if it fails to maintain its current trajectory and falls below the $0.000013 support level. The Bonk's (BONK) success depends on maintaining buyer interest and navigating the fluctuating market moods.

Stellar (XLM): Preparing for the Protocol 20 Upgrade and Its Implications

Stellar (XLM) is gearing up for its Protocol 20 upgrade that will introduce 12 new Core Advancement Proposals to enhance its decentralized finance and non-fungible token capabilities. This could boost Stellar's (XLM) presence in both DeFi and NFT markets.

Stellar's (XLM) price has ranged between $0.117 and $0.139, with support levels established at $0.083 and $0.105, and resistance levels emerging at $0.149 and $0.172. The 10-day and 100-day moving averages are chilling at $0.118 and $0.120, respectively, indicating a stable price trend.

With the anticipated Protocol 20 upgrade, Stellar's (XLM) future looks bright – the upgrade could attract a larger user base and increase its market value. But the real impact of these updates on Stellar's (XLM) position in the blockchain world remains to be seen.

Conclusion

Ethereum (ETH) has seen a significant surge, and alongside the varied performances of other altcoins like Tron, Polkadot, Cardano, and Avalanche, there is a trend of diversification among holders. Amidst this evolving landscape, three cryptocurrencies stand out as potential investment opportunities before the end of January, each priced below $0.2: Shiba Inu (SHIB), Bonk (BONK), and Stellar (XLM). Each coin is preparing for a significant protocol update offering unique appeal. Shiba Inu's (SHIB) dramatic increase in burn rate, Bonk's (BONK) recovery and bullish reversal pattern, and Stellar's (XLM) anticipated Protocol 20 upgrade with smart contract functionalities are key factors that could influence their future performance.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.