5 Cryptocurrencies for New Investors to Buy for Easy 50x Gains in 2024

The current state of the cryptocurrency market, particularly altcoins, is undergoing a significant correction phase. Following the approval of the spot Bitcoin ETF, altcoins have experienced a notable drop in their market performance. However, analysts are viewing this downturn as a potential buying opportunity, suggesting that this is a typical correction phase in the market. A recent Glassnode report revealed that since the filing of BlackRock’s iShares Bitcoin Trust (IBIT), the altcoin market cap surged by 68.9%, aligning with the increase in Bitcoin’s market cap. Despite this, altcoins have lost the market share in general, with their market cap dominance dropping from 28.3% to 24.2% since the FTX collapse in November 2022.

Experts see this period as a calm before a potential surge. Crypto analyst Capo Of Crypto noted that most altcoins appear to be aiming for a last high, indicating a possible uptick in the near future. Michaël van de Poppe, another crypto analyst, observed that altcoins have already undergone a 30%-50% correction and are not expected to decline further, suggesting that now might be a good time for investors to increase their positions.

Amidst this scenario, cryptocurrencies like Connext Network (NEXT), Izumi Finance (IZI), ApeX Protocol (APEX), Mantle (MNT), Xai (XAI) are emerging as attractive options for new investors. These cryptocurrencies are considered promising for potentially yielding significant returns, with some experts suggesting the possibility of an easy 50x gain in 2024.

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 popular 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 coi

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Author: Crypto Daily

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