Last year was successful Cryptocurrency Market Since 2022, when major digital currencies hit all-time lows.
Even beyond mid-2024, we will continue to see new investors looking to secure a piece of this sector that currently enjoys more global recognition and regulation than in the recent past.
However, as expected, not all cryptocurrencies are created equal. Some projects have shown better potential to attract more investors in the past few years. Read on to find out which coins are the best to invest in this year.
1. Ethereum
A network developed in 2013 Ethereum It was officially launched on July 30, 2023 and is currently the second largest cryptocurrency in the world.
Why invest in this asset? Industry experts predict that Ethereum will reach $40,000 by 2030. Considering that ETH bounced back in 2023 and traded below $2,000 for the entire year, this does not seem unrealistic.
But that’s not all! The Ethereum price has already surged more than 23% from January to August this year, rising above $4,000 before falling back below $3,000.
2. Solana
Investing in Solana? It may be the best decision you make this year.
In 2023, Solana emerged as one of the best performing cryptocurrencies by market cap. For example, in Q4 2023, the asset surged to $125.
Thanks to its nearly 1,000% surge last year, SOL now enjoys the status of the world’s fifth-largest digital currency.
It’s unclear whether speculative frenzy was behind the year-end surge, but some experts predict Solana could see growth as early as 2024.
3. Celestia
Celestia (TIA) is a new startup you absolutely need to know about.
Cryptocurrency is set to launch in October 2023 and is emerging as a new blockchain network that aims to solve privacy and scalability issues in the cryptocurrency industry.
Celestia currently has a market cap of $1 billion and is trading at around $5.00.
This project was initially developed to remove technical barriers to adoption. In addition, many exchange Reputable companies including Binance and Coinbase have offered Celestia’s TIA tokens since launch.
Despite the recent decline in capitalization and trading price, the token is still expected to be one of the largest tokens. player For the next few years.
4. Bitcoin
Bitcoin is the most valuable and widely distributed cryptocurrency on the market. There is nothing new here. If you don’t have it in your wallet yet, take advantage of the last few months of 2024 to buy it.
The project has performed well despite the difficult economic conditions last year. Before that, 2022 was a disastrous year for BTC, with the price dropping below $16,000.
However, despite starting 2023 just above $16,000, the currency began to rise again as the year progressed, reaching a high of $45,000 in early December 2023.
Based on this impressive rise, many experts are predicting that BTC will continue its bullish trend in 2025. In March of this year, the value of Bitcoin surpassed $70,000 and stabilized around $60,000.
5. Tethering
Stablecoin Things like Tether (USDT) have always been popular among people. Merchants Of cryptocurrency.
The coin has overcome several recent controversies regarding liquidity and inadequate reserves, becoming a reliable investment choice over time.
Moreover, because Tether is a centralized digital currency, it can withstand long-term market volatility.
However, some experts argue that investing: Stablecoin There is little investment value to be had. These currencies should always have the same value as fiat currencies like USD and EUR.
This is useful for making online purchases, such as depositing funds to online casinos to store monetary value and avoid volatility.
6. Fetch.ai
Fetch.ai (FET) is a blockchain-based decentralized network launched in 2017 by a group of cryptocurrency enthusiasts from Cambridge, UK.
The idea was to create an autonomous environment that connects people, organizations and services through a single support network. By ~ That’s all Machine Learning.
There are currently 2.512 billion FET in circulation. This limited circulation, compared to other popular cryptocurrencies such as Bitcoin and Tether, makes FET a scarce digital asset and protects the token from devaluation due to inflation.
According to Binance’s technical analysis, FET has been in an uptrend for the past 200 days, which means the trend is strong. The cryptocurrency peaked at $3.27 in March 2024 and has stabilized around $1.00 in recent months.
7. Ripple
Ripple (XRP) is the seventh-largest digital currency by market cap and has been ranked among the top 10 cryptocurrencies for nearly a decade.
no way Ripple Labs We created this digital token to change the way money is transferred globally. The idea was to make international transactions faster and cheaper, making sending money as simple as sending an email.
XRP began to gain prominence in 2018, when it was trading at $0.20.
In a short period of time, its value has skyrocketed by over 1,800%. In 2021, when the entire cryptocurrency market was struggling, Ripple provided investors with impressive returns, rising 710% to $1.96.
And despite multiple battles with the SEC, the cryptocurrency has remained unscathed and is currently trading at around US$0.60.
It’s never too late to invest!
After all, it’s nothing new that cryptocurrencies could potentially change the way we interact with money and thus make for a worthwhile investment.
However, always remember that the cryptocurrency market can be very volatile. However, do not miss the opportunity to join the revolutionary wave of digital assets that can reshape the global financial landscape.
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