2024 is shaping up to be an excellent year for crypto investors. The market is picking up steam, and Bitcoin is gearing up for one of its legendary bull runs. Several other tokens are also showing signs of incredible growth, but seasoned investors are looking past these established cryptos. They are looking at smaller and relatively unknown tokens that could deliver 100x growth in 2024.
Reasons Why Crypto Market Will Explode in 2024
The crypto market has had a rough couple of years. Every major cryptocurrency took a beating, with some losing upward of 90% of their value in the process. In 2023, we saw a great deal of those losses reversed, with Bitcoin leading the charge. However, analysts agree that 2024 will be even better.
For starters, BTC is predicted to surge to a new all-time high. With the Bitcoin halving event around the corner, BTC is predicted to hit $80,000, with some predictions saying it may end up north of $100,000. In any case, considering its current price, it will at least double its value, and that is a conservative estimate.
Ethereum, another major cryptocurrency, is expected to more than double its revenue, hitting $5 billion. The growth will be spurred by a massive increase in the popularity of crypto apps. Ethereum is the world’s biggest crypto app development platform and stands to gain the most from increased interest from both developers and users alike.
Finally, Coinbase, the biggest crypto exchange in the United States in terms of trading volume, is expected to double its revenue. Coinbase is already beating Wall Street's prognosis regarding its growth and increased crypto market value will drive its revenue sky-high.
All things considered, this looks like a great time to invest in crypto. However, if you are looking to make a killing, you would be better off examining these 3 must-buy coins projected for 100x growth in 2024 instead of mainstream cryptos. Tokens like Bitcoin Minetrix offer a far better chance of providing spectacular returns based on realistic growth than some of the cryptocurrencies we often hear about. Here is what you need to know about these hidden gems.
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3 Must-Buy Coins Projected for 100x Growth in 2024 - Overview
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