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CoinGape 2024-12-25 06:18:20

Top 5 Ethereum Tokens to Turn $1K into $1M by December 31

Top 5 Ethereum Tokens to Turn $1K into $1M by December 31

The cryptocurrency market is heating up again after recent Bitcoin price crash. If this recovery catches on, it could trigger another alt season. To prepare for this outlook, here are the top five Ethereum tokens to turn $1K to $1MM before December 31. Top 5 Ethereum Tokens to Buy In December For $1M Profit The crypto market shines optimistically as Bitcoin forms a higher low and instills hope of a recovery rally today. As a result of this bounce, here are five Ethereum tokens to buy to turn $1K to $1M by December 31. Shiba Inu (SHIB) Shiba Inu price is one of the top meme coins of 2021 that still has huge potential to rally considering its lackluster performance in 2024. According to Santiment’s data, Net Realized Profit/Loss (NPL) indicator saw a massive negative spike of -233 million SHIB, indicating capitulation. Typically, capitulation events occur during severe downtrends, where holders panic sell. These points serve as a good reversal points and buying the dip could lead to huge gains. Hence, SHIB price seems primed for a quick rally, which is also an Ethereum token. SHIB NPL Pepe Coin (PEPE) Pepe Coin price could be the next good contender to turn $1K to $1M before December 31. Santiment’s supply on exchanges has dropped from 214 trillion tokens to 160 trillion between July 8 and December 25. This 25% decline indicates that investors are getting increasingly confident on PEPE, the frog-based crypto’s performance. Therefore, Pepe, an Ethereum coin, looks ready to shoot higher. If history repeats, PEPE could mirror the 2021 rally and help investors convert $1K to $1M. PEPE Supply on exchanges Dogecoin (DOGE) Dogecoin, the original meme coin, has shot up 350% in the past two months and shows promise of a further increase. With the 30-day MVRV dipping down to -22%, the opportunity, it shows that the short-term holders are capitulating. This is an area where price has previously formed bottoms, leading to a reversal. Furthermore, long-term holders tend to accumulate DOGE from capitulating long-term holders, adding credence to the bottom formation. PEPE Supply on exchanges Popcat (POPCAT) Popcat (POPCAT) price has crashed 70% since the November 17 peak of $2.08. As POPCAT bounces off the $0.64 key support level, the chances of a recovery rally are high. This cat-based meme coin surged 2,600% between March 2024. After getting listing on major exchanges, the uptrend for Popcat has stalled. However, if the previously seen momentum makes a comeback, this meme coin could trigger a massive rally. POPCAT/USDT 1-day chart Fartcoin (FARTCOIN) Fartcoin price is another meme coin that has recently taken off. The token surged 5,700% from November 3 to December 21. Since the meme token is relatively new, it has massive momentum and could take off, triggering another leg up that could help investors turn $1K to $1M before December 31. FARTCOIN Ethereum tokens are showing strength in the past few days and have potential to capture more upside in the coming days. This trend signals opportunities for investors looking to grow their portfolio. As a result, these ETH-based coins could help investors turn $1K to $1M before December 31, 2024. The post Top 5 Ethereum Tokens to Turn $1K into $1M by December 31 appeared first on CoinGape .

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