Analyst Forecasts Dogecoin’s Rise to $0.34, Fetch.ai’s Competitor Value Predicted to Surge in 2024
Dogecoin’s (DOGE) price has surged by 107% in the past month as the highly-anticipated Bitcoin bull cycle unfolds. It’s now one of the best meme coins to invest in and some analysts have prices rising as high as $0.34 in 2024.
Dogecoin enjoyed a similar price surge in 2021 when Elon Musk made several references to the popular meme coin, but its current surge is mostly credited to improvements in its blockchain and the cryptocurrency boom caused by BTC’s price reaching a new all-time high (ATH) on March 13 at $73,637.
DOGE prices would likely surge even more when the DOGE-1 space vessel takes off since that should lead to some speculation about it given the mission is funded with DOGE. It intends to insert a Dogecoin-themed orbiter into an orbit around the moon.
Despite the recent increases in DOGE prices, investing in dog coins and other meme coins is often a risky affair since their price movements tend to be pump and dumps. Fetch.ai (FET) and its top rival InQubeta (QUBE) are much better bets to make in 2024.
Experts say InQubeta (QUBE) is the best altcoin to invest in this year
InQubeta has been able to raise over $11.7 million as its presale enters its eighth stage, flying past its original $10 million funding goal. Its presale is now on course to outperform the Ethereum (ETH) network’s initial coin offering which raised $18.3 million.
InQubeta’s blockchain was created on the Ethereum network, which allows it to inherit its functionality. It aims to create an investment space that provides easy-to-access investment opportunities in the artificial intelligence (AI) sphere. It looks to deliver an alternative to all those who don’t have access to mainstream investment avenues due to net worth or geographical requirements.
US President Joe Biden thinks artificial intelligence will be the most impactful technological revolution the world has seen in over five decades, and that positions projects like InQubeta for considerable growth. Investments in AI have expanded by over 1,000% in the last few decades, and more than $1.59 trillion will enter the space by 2030.
InQubeta only needs a minuscule portion of these funds to come its way for QUBE’s price to skyrocket. The supply of QUBE is capped at 1.5 billion so it could be worth as much as $16 in the next few years when its market cap matches that of projects like Dogecoin. This means a $100 investment in QUBE could end up being worth as much as $65,000. QUBE is selling for $0.0245 at the moment.
Here’s how InQubeta aims to rival centralized investment avenues:
AI startups go through an initial assessment phase to gain access to InQubeta’s crowdfunding space. They also get access to tools like marketing and legal advice
Firms that are cleared tokenize investment opportunities they’re offering into non-fungible tokens (NFTs)
Investors buy fractions of these tokens on the marketplace, earning equity and other rewards while companies get more funding
Dogecoin (DOGE) prices expected to reach $0.34 in 2024
DOGE’s price is still a long way from its all-time high set in 2021 at $0.73, so its prices might go even higher than predicted as BTC’s price grows exponentially. Investors who choose to buy DOGE should have exit strategies in place since prices could come crashing down just as quickly as they’ve risen.
Fetch.ai (FET) surges 571% in 30 days
FET is another top altcoin to invest in given its recent price explosion. A new ATH was set on March 9 at $3.12 and prices have pulled back considerably since then. This makes tokens extremely cheap given prices are expected to grow as much as 1,000% in 2024.
Summary
DOGE might earn some investors fast profits, but QUBE and FET are the way to go given the utility they provide. Both AI-cryptos have excellent long-term growth potential, but QUBE will likely win the race this year with some analysts predicting as much as 100x growth.
Filed under: Bitcoin - @ March 17, 2024 5:00 pm