The cryptocurrency market is currently beaming with bullish momentum and an overall positive sentiment. The recent surge in the prices of cryptocurrencies have led to an uptick in investor confidence and market liquidity, prompting investors to inject fresh capital. With crypto pundits speculating a bull run over the horizon, altcoins like NFT Finance (NFTFN) and Dogecoin (DOGE) are well positioned to witness significant growth.
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Dogecoin To Rally Soon?
Dogecoin, the oldest and largest meme coin by market capitalization, has seen tremendous growth in 2024. The meme coin’s price has gone from $0.11 to $0.21, marking a surge of 90% in the past four weeks alone. However, analysts suggest that DOGE is set to rally further, as traders bet on it thanks to its social media hype and growth potential.
Despite the availability of hundreds of other memecoins, Dogecoin continues to attract investors by leveraging its strong brand and cult-like following in the crypto community. However, the bullish momentum seen in DOGE’s price action is not limited to the memecoin’s growth prospects. In fact, it is indicative of an impending market-wide bull run that is expected to act as a catalyst for other altcoins as well.
NFTFN’s Growth Potential
NFTFN, a pioneer in the web3 fintech space, has become one of the most talked about tokens in the crypto community. Its innovative solutions for the NFT market’s challenges have helped it create a niche for itself in the crypto market. As the broader crypto market gears up for a bull run, NFTFN’s value is speculated to grow at a faster pace than that of DOGE.
The bullish momentum of memecoins like DOGE is expected to spill over to tokens like NFTFN, resulting in a significant boost in its price. Crypto experts speculate that by the time DOGE rallies to $0.5, NFTFN will witness a growth of up to 50x, taking it from its presale price of $0.025 to $1.25.
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As of 2023, the non-fungible token (NFT) market’s market capitalization stood at $10 billion. But that figure is projected to reach a whopping $230 billion by the end of the decade. Crypto pundits believe that apart from the boost provided from the upcoming bull market, NFTFN is also well-positioned to benefit from the rapidly growing NFT market.
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