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The Cryptos That Have Potential in 2024

25 Dec, 2023 9 min read
The Cryptos That Have Potential in 2024

As the year comes to a close, cryptocurrency investors are starting to plan their investments for the following year. Which crypto will explode in 2024? Making a crypto forecast for 2024 only based on past indicators is challenging, as they sometimes fail to guarantee future success. However, knowledge is power, and understanding the latest developments in cryptocurrencies can help you predict which crypto will boom in 2024. In this guide, we'll share a list of crypto that will make you rich in 2024. Mind that it's not a piece of financial advice. These assumptions are based on the cryptos' past performance and the current market trends. 

Top Crypto with Potential in 2024

The cryptocurrency market is ripe with possibilities for investors seeking growth opportunities and the best crypto to buy in 2024. Many analysts agree on the same crypto forecast for 2024, saying that five cryptocurrencies, ThorChain's RUNE, Arbitrum's ARB, Injective Protocol's INJ, Render Network's RNDR and Pendle's PENDLE, are all the best crypto for 2024.

At the top of the list is ThorChain's RUNE, with a market capitalisation of $1.19 billion. The platform's strong community and solid DeFi use cases have contributed to its decentralised exchange (DEX) growth, which provides cross-chain liquidity. Despite fears that its recent jump may limit its upside potential, RUNE is poised for significant growth with a current price of $5.15 (as of 20/12/23) and a fully diluted valuation (FDV) of $2.73 billion.

ThorChain's RUNE price
ThorChain's RUNE price

Arbitrum's $ARB is generally considered one of the best crypto 2024. Its Layer 2 scaling solution stands out, which is critical for Ethereum's developing ecosystem. ARB shows potential for addressing scaling challenges with a market capitalisation of $1.375 billion and an FDV of $11.477 billion, priced at $1.08 (as of 20/12/23). 

Arbitrum's $ARB price
Arbitrum's $ARB price

Injective Protocol's INJ token has a large and fast-increasing ecosystem that supports its $3.05 billion market cap, $2.57 billion FDV, and $36.68 price tag (as of 20/12/23). With an 85% circulating supply of its maximal token amount, INJ has an advantage in allowing for cheap and rapid transactions supported by powerful backers. This makes a convincing argument for the decentralised crypto market in 2024.

Injective Protocol's INJ token
Injective Protocol's INJ token

Render Network's RNDR token, which trades at $4.22, has a market valuation of $1.563 billion and an FDV of $2.25 billion (as of 20/12/23) and also shares optimistic crypto 2024 predictions. Its unique role in GPU rendering for animation and VFX places it in a strong market position. With the majority of its supply in circulation, RNDR is positioned for long-term growth on the strength of its specific market niche.

Render RNDR price
Render RNDR price

Lastly, with a market valuation of $266 million and an FDV of $283 million, Pendle is a significant spot for yield and principal trading, capitalising on the rise of real-world assets (RWA). Despite a pessimistic trend and a price of $1.13 (as of 20/12/23), it's one of the top cryptos for 2024. Pendle has created a considerable presence on Ethereum and Arbitrum.

Cryptocurrencies That Might Be Worth Investigating Ahead of the Next Bull Run in 2024

In early 2024, the crypto market will continue its current bull run, especially with Bitcoin making significant gains. With hundreds of new tokens emerging daily, it can take time to distinguish those with actual potential. We have found the top 5 cryptos that will make you rich in 2024. 

Bitcoin ETF Token

Many analysts agree that Bitcoin ETF Token is the crypto that will explode in 2024. The token's plan includes systematically burning 25% of its total supply, with these burns happening alongside crucial Bitcoin ETF milestones, such as achieving specific market capitalisation targets, launching the first Bitcoin spot ETF, and when Bitcoin passes the $100,000 threshold. For those looking to maximise returns, Bitcoin ETF Token offers a staking mechanism with an annual return rate of 97% APY. However, as more participants enter, the rate of rewards will decrease. The presale for Bitcoin ETF Token is rapidly progressing at $4.5 million, making this the best crypto ETF to buy now.

Bitcoin Minetrix ($BTCMTX) is another crypto that will explode in 2024. It features an innovative "stake-to-mine" mechanism using ERC-20 cloud mining credits. This lets users stake their tokens and gain credits securely and transparently recorded on the blockchain. Investing in and staking $BTCMTX tokens on their Ethereum-based platform means earning these credits. Early adopters, especially those participating in the presale, can expect attractive annual return rates (APYs), with figures as high as 138% mentioned. The total supply of $BTCMTX tokens is 4 billion, with a 70% allocation distributed across twenty presale phases. Currently priced at $0.0123, the high demand is expected to change this price soon.

Meme Kombat, an Ethereum-based gaming platform, is a standout candidate on our list of cryptos that will make you rich in 2024. This platform is a unique blend of GameFi and GambleFi, where players can bet on AI-driven battles featuring characters from various meme coins. These unpredictable battles make each game thrilling and engaging. The heart of Meme Kombat's economy lies in its MK tokens, which players use for betting in player-versus-player (PvP) and player-versus-game (PvGame) scenarios. These tokens offer impressive staking rewards, with APYs climbing as high as 456%. Currently, the presale stage offers MK tokens at $0.246 each, a price considered a deal, especially post-DEX listing. This has led Meme Kombat to raise over $3.6 million, a testament to its growing popularity, as evidenced by its burgeoning X (previously Twitter) following of over 10,000 followers.

TG.Casino crypto
TG.Casino crypto

TG.Casino is another crypto that will explode in 2024. It operates directly through the Telegram app, offering global reach and operational efficiency. One of the key highlights of TG.Casino is its integration with Telegram, which enhances user experience and bolsters security. With no Know Your Customer (KYC) requirements, user accessibility is streamlined. The native currency of the platform, $TGC, offers users staking rewards within the casino and exclusive entry into select gaming rooms. $TGC is the primary betting token and rewards casino players. Currently, TG.Casino is in its presale phase, offering tokens at $0.19 each, accounting for 40% of the total token supply capped at 100 million. For those staking $TGC, the platform offers a notable 195% APY.

Wall Street Memes ($WSM) crypto

Wall Street Memes ($WSM) has rapidly gained prominence in the cryptocurrency market, especially following a successful presale in 2023. This project offers an innovative Telegram-powered crypto casino, delivering instant, secure, and anonymous gaming experiences globally. The casino offers various gaming options, including slot games, live card gaming and sports betting. For new players, Wall Street Memes provides a 200% bonus on the first deposit, up to $25,000, and 200 free spins for those depositing in $WSM. Behind Wall Street Memes is a thriving community instrumental in the project's early successes and burgeoning social media influence.


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What Cryptos Will Dominate in 2024?

Now that we have discussed the crypto that will make you rich in 2024 and some crypto 2024 predictions, let's focus on another question - which crypto will rise in 2024 and dominate the market? Opinions differ, but most analysts advise paying special attention to the Ethereum vs. Dogecoin comparison. We won't stand behind the trend. Let's discuss the Ethereum vs. Dogecoin 2024 prediction.

Ethereum vs. Dogecoin

The values and trading volumes of Ethereum vs. Dogecoin have recently surged, indicating significant market momentum. As a result, many traders have started accumulating these cryptos owing to their high ROI potential. 

Ethereum (ETH) price has recently crossed the $2,000 price mark, and this rise can be attributed to BlackRock's interest in ETFs and the launch of Blast Network. Blast functions as an Ethereum Layer 2 network, and enthusiasts have shown interest in the platform by transferring over $230 million worth of ETH crypto and stablecoins after its launch. The increased Ethereum network activity and interest in BlackRock ETFs have increased trading volume. Consequently, ETH's value has risen from a low point of $1,918.55 to a high point of $2,108.59.

Dogecoin (DOGE) has witnessed an 18.3% increase in the past month and remains the 10th largest crypto in market cap at $11,011,027,560. Current DOGE indicators suggest further potential rises over the upcoming week. The RSI has risen from under 50 and is on track to reach 60. There is ample room for more increases before the Dogecoin crypto hits the overbought territory again. The meme coin's 30-day average is trending upward above the 200-day point, reinforcing the possibility of an upward cycle. The current Dogecoin support level further bolsters this view and provides the token with higher bases for new rallies. Data from Whale Alert indicates that whales are also transferring DOGE to and from exchanges.

In conclusion, the world of cryptocurrency is constantly evolving, and it's essential to stay up-to-date with the latest developments to make informed investment decisions. While predicting the best crypto to buy in 2024  is challenging, our list of cryptos that will make you rich in 2024 is based on their past performance and current market trends. 

It's important to note that this guide is not financial advice but a helpful tool to assist investors in their decision-making process. As the crypto market 2024 continues to grow, we can only anticipate the exciting possibilities that the future holds.


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FAQ

Will crypto go up in 2024?

The constantly evolving cryptocurrency market can make it challenging to make crypto 2024 predictions. However, some coins could make significant gains by 2024. Here are ten coins that have the potential for smart crypto investing in the coming years:

  • Bitcoin, according to some experts, could reach $100,000 by 2024.
  • Ethereum is expected to retain its popularity in 2024 as more people adopt it.
  • BNB is expected to increase in value in 2024 as the Binance exchange grows.
  • XRP is predicted to gain popularity in 2024 as more banks and financial institutions adopt Ripple's payment solutions.
  • Litecoin is expected to keep gaining popularity in 2024 as more individuals use it for payments and as a store of value.
  • Solana is predicted to keep gaining popularity in 2024 as more DeFi applications are developed on its platform.
  • Cardano is expected to grow in popularity in 2024 as more people discover its unique features.
  • Avalanche is expected to grow in popularity in 2024 as more DeFi applications are developed on its platform.
  • Polkadot is expected to keep increasing in popularity in 2024 as more blockchains are connected to its network.
  • Chainlink is predicted to keep gaining popularity in 2024 as more DeFi applications are developed.

Will there be a crypto bull run in 2024?

Based on the previous market cycles in the crypto industry, the next bull run could occur in 2024, after the Bitcoin halving, and peak towards the end of 2025. Some indications are that the crypto winter has ended and that we could already be at the summit of the next bull run. Therefore, it might be worth considering investing in crypto at the moment. Although the history of crypto is relatively short, some signs suggest it could be repeating itself. For instance, the highest point for Bitcoin in November 2021 came about four years after the peak in December 2017, and it took approximately a year for Bitcoin to reach its current bottom, similar to what happened following the 2013 and 2017 bull runs. Therefore, it could be an excellent time to increase your exposure to BTC if history is a reliable indicator. 

Moreover, developments related to Ethereum scalability and the SEC's approval of a Bitcoin spot ETF, apart from Bitcoin, could also be crucial catalysts for the next crypto bull run.

Which crypto will rise in 2024?

Many experts recommend investing in the Bitcoin ETF to predict the crypto that will explode in 2024. This investment option is expected to perform well during the forthcoming bull run due to its strong association with the SEC's approval of Bitcoin spot ETFs. These advancements make Bitcoin ETFs the best crypto ETF to buy now.

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