Shiba

Pepe Coin

Shiba Inu

The crypto market value surged and rolled higher on Monday reaching $2.8 trillion thanks to Bitcoin’s debut atop $72,000 again. Besides, <a href="https://coingape.com/btc-price-rally-tempts-etf-investors-peter-schiff-says-predicting-a-slump-ahead/" target="_blank" rel="noopener">BTC price</a> increase, top altcoins to buy including Shiba Inu (SHIB), Pepe Coin (PEPE) and dogwifhat (WIF) steadies their uptrends, hinting at further growth this week and throughout April. 
According to <a rel="nofollow" href="https://www.nicehash.com/countdown/btc-halving-2024-05-10-12-00">NiceHash</a> countdown, <a href="https://coingape.com/markets/2-altcoins-to-sell-pre-bitcoin-halving/" target="_blank" rel="noopener">Bitcoin halving</a> is due in approximately nine days at block height 840,000. Currently, the network is at a block height of 838,332. 
Following the halving rewards miners receive for mining <a href="https://coingape.com/bitcoin-weekly-inflow-drops-663m-amid-cooling-etf-fund-flow/" target="_blank" rel="noopener">Bitcoin</a> will go down from 6.25 to 3.15 – a condition that will significantly shrink supply in subsequent months, thus propping Bitcoin and the crypto market in general for an exponential rally. 
Although the halving is related directly to Bitcoin, history has shown that altcoins to buy like Shiba Inu tap into the positive momentum and trigger a remarkable growth in value. 
This article delves into 3 top altcoins to buy ahead of the halving likely to maximize profits in April such that $10,000 portfolios grow tenfold to $100,000. 
<h2 id="1-dogwifhat-wif">1. Dogwifhat (WIF)</h2> 
Bitcoin price topped the $72,000 level following the correction to $65,000 which ushered in the month of April. The fresh uptick in price comes ahead of the fourth&nbsp;Bitcoin halving&nbsp;anticipated in less than a week. 
Mirroring the previous halvings, investors have been taking positions to capitalize on the positive momentum in the market with attention channeled into tokens with a higher correlation index to&nbsp;Bitcoin price&nbsp;such as meme coins. 
Market data from&nbsp;<a rel="nofollow" href="https://www.coingecko.com/en/categories/meme-token" target="_blank">CoinGecko</a>&nbsp;reveals a sizeable 9% surge in meme coin prices, led by dogwifhat’s 15% surge. Other related coins performing well on Monday include Joe Boden (BODEN), Degen (Base) (DEGEN), Popcat (POPCAT) and The Dog NFT (DOG). 
WIF’s trading volume soared to $711 million in 24 hours reflecting growing interest among investors. A subsequent surge in the market cap to $4.15 billion makes dogwifhat the 30th biggest crypto. 
<figure id="attachment_190450" aria-describedby="caption-attachment-190450" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-190450 size-full" src="https://coingape.com/wp-content/uploads/2024/04/wif-april-8.jpeg" alt="Dogwifhat altcoin to buy" width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/04/wif-april-8.jpeg 1644w, https://coingape.com/wp-content/uploads/2024/04/wif-april-8-300x219.jpeg 300w, https://coingape.com/wp-content/uploads/2024/04/wif-april-8-1224x893.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/04/wif-april-8-768x561.jpeg 768w, https://coingape.com/wp-content/uploads/2024/04/wif-april-8-1536x1121.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/04/wif-april-8-150x109.jpeg 150w" sizes="(max-width: 1644px) 100vw, 1644px">
 <figcaption id="caption-attachment-190450" class="wp-caption-text">
 Dogwifhat price chart
 </figcaption>
</figure> 
Some traders may want to see another confirmation of support at $4, highlighted in the grey band before seeking more exposure. 
Several four-hour candle closes above the $4 support would keep WIF buoyant and in bulls’ hands for the next anticipated move to the ATH. Realize that entering the price discovery mode could clear the path for a debut above $10, setting unprecedented for&nbsp;<a href="https://coingape.com/solana-news-exec-expresses-optimism-over-tensor-listing-on-okx/" target="_blank" rel="noopener">Solana</a>-based meme coins. 
<h2 id="2-shiba-inu-shib">2. Shiba Inu (SHIB)</h2> 
In the past few hours, Shiba Inu has displayed a significant fluctuation in its market value. After a noticeable dip to $0.0000274, the cryptocurrency saw a sharp increase, peaking at $0.0000294. However, this rally was short-lived, as the price corrected slightly, settling at $0.00002855. 
<figure id="attachment_190451" aria-describedby="caption-attachment-190451" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-190451" src="https://coingape.com/wp-content/uploads/2024/04/shib-april-8.jpeg" alt="Shiba Inu price chart - crypto to buy" width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/04/shib-april-8.jpeg 1644w, https://coingape.com/wp-content/uploads/2024/04/shib-april-8-300x219.jpeg 300w, https://coingape.com/wp-content/uploads/2024/04/shib-april-8-1224x893.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/04/shib-april-8-768x561.jpeg 768w, https://coingape.com/wp-content/uploads/2024/04/shib-april-8-1536x1121.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/04/shib-april-8-150x109.jpeg 150w" sizes="(max-width: 1644px) 100vw, 1644px">
 <figcaption id="caption-attachment-190451" class="wp-caption-text">
 Shiba Inu price chart | CoinGecko
 </figcaption>
</figure> 
Despite this volatility, the trading volume surged by 31.59%, indicating a heightened trader interest, which totaled an impressive $752.92 million in trades over the last 24 hours. 
The market capitalization of Shiba Inu experienced a slight decline of 0.68%, bringing it to approximately $16.82B, maintaining its position at 12 in market rankings. The circulating supply of SHIB remains at a vast 589.29 trillion coins, matched closely by its total supply. 
Investors and enthusiasts of the meme-based cryptocurrency remain watchful as these rapid changes unfold, reflecting the dynamic and often unpredictable nature of the cryptocurrency market. 
<a href="https://coingape.com/markets/shiba-inu-coin-price-analysis-as-shib-burn-surges-will-it-reach-0-01-amidst-bull-run/" target="_blank" rel="noopener">Shiba Inu Coin</a>&nbsp;is encountering a crucial resistance point at $0.000029. Surpassing this level could lead its value to climb towards $0.00005, potentially paving the way for an ascent to the elusive $0.001 mark. 
<h2 id="3-pepe-coin-pepe">3. Pepe Coin (PEPE)</h2> 
For over a month, the&nbsp;<a href="https://coingape.com/price/pepe-coin/" target="_blank" rel="noopener">Pepe coin price</a>&nbsp;has traded sideways resonating with the two converging trendlines of a bullish pennant pattern. The continuation setup developed above the 50% retracement level also highlights health retracement which allows the buyers to regain control over this asset. 
On April 5th, the&nbsp;<a href="https://coingape.com/markets/can-pepe-coin-price-hit-0-00001-ahead-of-bitcoin-halving/" target="_blank" rel="noopener">Pepe Price</a>&nbsp;witnessed its latest reversal from the pattern’s support trendline, bolstering the 20% up to reach the $0.0000076 mark. If the broader market remains bullish, the coin buyers may push the price another 8% to hit the overhead trendline at $0.0000082. 
<figure id="attachment_190452" aria-describedby="caption-attachment-190452" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-190452" src="https://coingape.com/wp-content/uploads/2024/04/pepe-coin.jpeg" alt="Pepe coin price chart" width="1644" height="1200" srcset="https://coingape.com/wp-content/uploads/2024/04/pepe-coin.jpeg 1644w, https://coingape.com/wp-content/uploads/2024/04/pepe-coin-300x219.jpeg 300w, https://coingape.com/wp-content/uploads/2024/04/pepe-coin-1224x893.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/04/pepe-coin-768x561.jpeg 768w, https://coingape.com/wp-content/uploads/2024/04/pepe-coin-1536x1121.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/04/pepe-coin-150x109.jpeg 150w" sizes="(max-width: 1644px) 100vw, 1644px">
 <figcaption id="caption-attachment-190452" class="wp-caption-text">
 Pepe weekly chart | CoinGecko
 </figcaption>
</figure> 
However, on a contrary note, if the coin price breaks below the lower support trendline, the supply pressure intensifies and prolongs the current correction. This breakdown could push the Pepe coin to the $0.00000313 mark. 
The post <a href="https://coingape.com/markets/3-top-altcoins-to-buy-for-novice-investors-to-make-100000-this-week/">3 Top Altcoins To Buy For Novice Investors To Make $100,000 This Week</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

3 Top Altcoins To Buy For Novice Investors To Make $100,000 This Week

Table of Contents

Coingape News Media

Other articles published on Apr 8, 2024

Explosive Bull-Run Sees UNI & SOL Holders Join Fezoo Presale; Suggesting 20X ROI

BlockDAG’s Market Position and 20,000x Growth Potential Surpasses SOL Price Forecast and Realio N...

Polkadot (DOT) Investors Moves to BlockDAG for a Staggering 20,000x Gain Despite Optimistic Cosmo...

Solana Network Battles Congestion: Spam & Memecoin Surge Test Limits!

Bitcoin Soars Beyond $72K, Sparking Optimism in Crypto Markets

Cardano Founder Focused On Upgrades While Defending ‘BitBoy’

Join our free newsletter for daily crypto updates!