The late 2024 market is proving to be intriguing, with many tokens expected to experience growth before the year’s end. Despite the growing bullish sentiment, the charts have yet to reflect this positivity.
In addition, while some coins are expected to do as much as 4x between the end of this year and the start of the next, others could decline soon. Our analysis focuses on Cardano (ADA) and Shiba Inu (SHIB) as well as Zig Network (ZIG) which is attracting investors from across the market. Here’s what we know so far.
Cardano (ADA) Continues to Fall Despite Hopes of Rally
Since April, Cardano (ADA) has been on a downward trend. Many had hoped for a correction by the end of Q3 and small spikes in its value fueled this. The trend has continued as Cardano (ADA) falls to $0.3511 per unit as of press time. This means less than a 50% gain for Cardano (ADA) holders in the last year.
At the end of last month, Cardano (ADA) had risen significantly but now sees little change from prices 30 days ago. Fluctuations may become more prevalent for the token as the year wraps up. Should more investors start selling, its value could drop further. Earlier hopes for a Cardano (ADA) remain but this is declining. Investors moving elsewhere have considered Zig Network (ZIG) a good alternative.
Shiba Inu (SHIB) Maintains Strong Position in Memecoin Market
Shiba Inu (SHIB) has continued to post good figures, holding interest within the memecoin space. Even in the mainstream crypto space, it is a respectable option for various investors. Its value has risen nearly 2x in the past 365 days, contributing to the confidence in Shiba Inu (SHIB).
More recent movements have also been positive for Shiba Inu (SHIB) holders, rising by 35% in the last 30 days. There is also a 7% increase from a week ago for the token. While Shiba Inu (SHIB) rides high now, memecoins tend to have more associated risks. There is also much doubt in its long-term potential, leading investors to projects they can back on for value and returns in the future. A token that fits this is Zig Network (ZIG).
Why do Cardano (ADA) and Shiba Inu (SHIB) Investors Back Zig Network (ZIG)?
The simple answer to this is profit. The overriding interest of every investor is maximizing returns. Zig Network (ZIG) seems like the best opportunity to do this, especially within the current market.
Zig Network (ZIG) is a blockchain-based revenue distribution ecosystem that uses the fees it generates to reward users and token holders. It utilizes a transparent system and has been audited. Zig Network (ZIG) costs less than Cardano (ADA) and Shiba Inu (SHIB) as of press time, at $0.01 per unit. Control of the platform is decentralized, allowing token holders to contribute to key features and changes. Some experts say it could go as high as 20x within the next four months and up to 50x in the next year.
To find out more about Zig Network use the links below:
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.