Key Insights:
The crypto market has been outperforming stocks, bonds and even hedge funds in several cases. Experts have made their opinions clear about 2024 and the big gains it can give to retail investors like you. However, you need to choose the right cryptocurrencies at the right time.
To make your work easier, we have curated this list of top performing cryptos in 2023 that are expected to break their past records in 2024.
Several experts are confident of Bitcoin's bull run 2024 due to several factors such as ETF approval and Halving. After the ETFs come in the market, it is believed that Bitcoin might soon cross $100k after big players start buying.
Analysts at Blockware Solutions are expecting even $400k as Bitcoin approaches halving in 2024.
ArkInvest CEO Cathie Wood is even expecting a $650k price by the end of 2024.
Above all things, it seems to be sure that Bitcoin would be the safest crypto for the year 2024.
Ethereum, the king of Altcoins has several things lined up in 2024. It is currently working to implement proto-dank sharding which would enable its blockchain to scale up transactions by several times.
A high rate of transaction throughput will decrease the gas-fees putting several of its competitors out of business.
In 2024, there are ample chances of Ethereum crossing its all time high.
ETH's price has crossed a major resistance at $2150 and is gearing towards $3000 which is expected to come soon. If $3,000 is crossed before April 2023, Ethereum might soon witness its all time high of $4800 soon in Q3 of 2024.
Solana has been the top performer among altcoins in 2023 due to strong fundamentals, error free network and high developmental activity. It rose from $23 in October 2023 to $120 on Dec 26, 2023 making more than 5 time gains.
Solana also saw high profile migrations in 2023 such as Helium, which in February decided to migrate to the blockchain.
In 2023, Solana also launched in Saga phone which got so popular that it always remains out of stock.
Lately in December 2023, Solana's TVL also skyrocketed from $400 million in November to almost 4 times at $1.55 billion on Jan 02, 2023.
Further, Solana has been the platform which supported the popular cryptocurrency BONK.
Bonk, the memecoin of Solana, has witnessed a phenomenal growth of 100x from $0.0000002 to $0.0000245 within three months (Oct-Dec 2023). This high growth made it a top choice for those who buy memecoins.
The success of BONK lied on several factors such as airdrops to Solana NFT holders and the rise of Solana as a challenger to Ethereum. Also BONK is listed on major crypto exchanges such as Binance which makes it easier for users to buy it.
As of Jan 02, 2023 BONK has witnessed a profit booking and its price has dropped by more than 40%. However, we expect the price to rise once the profit booking ends because BONK is the largest meme coin on Solana with a market cap that is 6x more at $876 million than its next competitor "dogwifhat".
SEI is a layer-1 blockchain and it was launched on August 2023. SEI claims itself as the fastest blockchain with a speed of 2077 transactions per second jus after launch.
SEI has been a high performing cryptocurrency that has risen more than 10 times in 2023. Its 1-year low was at $0.07 in mid-October of 2023 and 1-year high at $0.79 as of first week of Jan 2024.
Being fundamentally supported with a fast and robust network, SEI is one of our top 5 choices for a high performance portfolio in 2024.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.