Crypto Whale Bets On Top Gainers For This Cycle: DOGE Did Not Make The Cut

A crypto investor has stirre­d attention by betting on potential top pe­rformers in the current marke­t cycle. Notably, Dogecoin (DOGE), once a favorite­ in meme coin circles, is abse­nt from their choices, triggering he­ated discussions among crypto enthusiasts.

A prominent crypto investor has recently sparked discussion by placing bets on potential top performers in the current market cycle, notably excluding Dogecoin (DOGE) from their choices.

As Dogecoin (DOGE) continues to slip in the rankings, crypto enthusiasts speculate on the future of the once-favorite meme coin and the appeal of other options favored by this influential investor, such as Fantom (FTM) and Near Protocol (NEAR).

Dogecoin (DOGE) price has shown a concerning decline over the past month, with its value dropping by around 28%. This decrease has led to Dogecoin (DOGE) slipping from its previous 8th position on CoinMarketCap to 9th place as Toncoin surpasses it. The current market capitalization of Dogecoin now stands at $17 billion, a significant distance from its previous peak.

The DOGE price experienced substantial volatility, plunging from an average of $0.15 to the current rate of $0.1221, marking its poorest performance in the past three months. This stability raises questions about DOGE’s potential resurgence or its possible decline into insignificance against more innovative projects gaining prominence in the market.

While Dogecoin (DOGE) grapples to maintain its position, the focus of the crypto whale shifts towards alternative digital currencies. Near Protocol (NEAR) and Fantom (FTM) have recently emerged as strong contenders in the market.

Near Protocol (NEAR) recent trading pattern has shown remarkable stability within the price range of $4.89 to $5.67, resiliently weathering the storm of market fluctuations. In the last week alone, Near Protocol (NEAR) recorded a modest 2.55% increase, reflecting a prevailing bullish attitude toward the project.

Looking forward, analysts are cautiously hopeful for the Near Protocol (NEAR) future, with some forecasting a potential surge of more than 20% in the short term, challenging higher resistance thresholds.

In 2024, crypto experts predict Near Protocol (NEAR) trading price to average at approximately $9.88, with a potential low of $10.14 and a high of $10.01. If these projections come to fruition, it could result in a notable 87.5% return on investment from current levels.

Despite recent price decreases, Fantom (FTM) continues to draw interest. Presently valued at $0.542909, Fantom (FTM) experienced a 7.37% decline in the past 24 hours. Looking forward to 2024, experts forecast an average trading price of $0.753 for Fantom (FTM), estimating a range from $0.586 to $0.669. While these projections show more modest gains compared to Near Protocol (NEAR), they still hint at a potential 14.4% return on investment from current levels.

Algotech (ALGT) has surged in popularity among investors for its cutting-edge features and promising roadmap, currently raising an impressive $9.7 million during its presale phase at a price of $0.08. The presale is approaching its closure.

Algotech’s appeal lies in its dedication to algorithmic trading within the cryptocurrency realm. The initiative seeks to transform the landscape of trading and investing by harnessing cutting-edge technologies and automation. This strategic approach has the potential to democratize the field for individual investors, granting them access to intricate trading tactics that were traditionally exclusive to institutional entities.

Algotech’s blend of cutting-edge technology, strategic foresight, and community dedication has positioned it as a prominent choice among investors, garnering attention from influential players like the mentioned crypto mogul. The project’s capacity to revolutionize traditional trading norms and cater to a wide user base has sparked considerable excitement within the crypto sphere.

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