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After a remarkably successful 2023, investors are now eagerly anticipating another year of exceptional profitability and financial success in 2024.
The cryptocurrency market kicked off the year positively as the U.S. securities regulator approved the first U.S.-listed exchange-traded funds (ETFs) tracking bitcoin—a pivotal moment for the industry. The imminent Bitcoin halving in April is poised to act as an additional bullish factor.
In this article, we highlight 10 best altcoins with substantial growth potential in 2024, presenting lucrative opportunities for investors seeking high returns.
Mina Protocol (MINA)
Mina Protocol, renowned as the world’s lightest blockchain, stands out as an ideal starting point for cryptocurrency beginners. By employing zero-knowledge proofs, Mina ensures user privacy by enabling the validation and sharing of data proofs without revealing the underlying data.
This privacy feature is especially valuable in financial applications such as loans, guaranteeing the security and control of user data. With a 9% increase in the last seven days, $MINA is currently trading at $1.21. The 2024 forecast for the Mina Protocol anticipates trading within the range of $1.05 and $2.79.
Mina’s unique capabilities, including interoperability with blockchains like Ethereum and private interaction with any website for verified real-world data usage, make it an attractive choice for crypto newcomers. Its lightweight design ensures every user can participate as a full node, reinforcing network decentralization and security.
Solana (SOL)
Solana has been creating ripples in the crypto community, recently surpassing Ethereum in weekly stablecoin transfers. This accomplishment underscores Solana’s expanding influence and its capability to redefine the landscape of smart contract platforms.
In a fiercely competitive market, Solana remains devoted to its vision of being the fastest and most cost-effective chain, catering to developers in search of secure and efficient decentralized applications. As the time of writing, Solana’s price stands at $98.32, with a 24-hour trading volume of $5.30 billion and a market cap of $43.82 billion.
The $SOL price has surged by 9.84% in the last 24 hours. Solana exhibits significant growth potential, particularly as it continues to enhance its ecosystem and refine its technology. The platform’s emphasis on high speed and low costs holds strong appeal in an efficiency-driven market.
Sponge (SPONGE)
$SPONGE has undergone a remarkable evolution, surging from a $1 million valuation at launch to a peak market cap exceeding $100 million in spring 2023. Despite market fluctuations, $SPONGE maintains resilience, boasting a current market cap exceeding $20 million and a strong community of over 12.43K token holders.
It continues to be prominently listed on major crypto exchanges like MEXC, Gate.io, Poloniex, and others. Meanwhile, Sponge V2 represents the second version of the Sponge meme coin. This iteration brings forth upgraded features, ensuring more significant rewards and a new chance for community engagement.
The team is preparing to unveil a play-to-earn (P2E) game, introducing a blockchain-based racing game that adds utility and practicality to the coin. Players can earn $SPONGEV2 tokens by participating in races and purchasing credits.
Ready for $Sponge's #P2E game? 🎮🌊
Play, earn, and enjoy the #SpongeV2 ecosystem like never before.
Coming soon! 🔥🚀#Crypto #Web3 #Altcoins #Trade pic.twitter.com/6RWkjspXIz
— $SPONGE (@spongeoneth) January 13, 2024
Investors can acquire Sponge V2 tokens through two methods: buying and staking $SPONGE on the project’s website or staking their Sponge V1 tokens, which will be permanently locked in the smart contract.
The amount of Sponge V2 tokens received correlates with the quantity of Sponge V1 tokens staked. Anticipating the migration opportunity, over $4.9 billion worth of V1 has already been staked. To take part in the $SPONGEV2 presale visit spongetoken.vip.
For the complete list of the top 10 altcoins to buy, watch the video above and subscribe to Jacob Crypto Bury’s YouTube channel for additional crypto-related content. Jacob also manages a Discord channel with 20,000 members, offering trading tips and information about upcoming crypto presales.
Sui (SUI)
Over the last seven days, the $SUI price has undergone a significant surge, rallying over 50% to hover around $1.25. This marks a notable breakout for the Sui Network, breaking free from two weeks of rangebound consolidation within the $0.74 to $0.10 range.
Technical indicators underscore this renewed bullish momentum, with the 20-day EMA at $0.67 staying above the 50-day EMA of $0.59, maintaining the established bullish alignment despite recent consolidation.
Presently, the Relative Strength Index (RSI) value sits at 76.33, signaling an overbought position, potentially hinting at an impending correction in the coming hours. Nevertheless, a successful rebound above EMA20 might propel the $SUI price towards $2 next week.
Following its breakout, the Sui faces multiple levels of resistance above, ranging from $1.38 to $1.61, as it strives to maintain its momentum above the significant mark of $1.
Hedera (HBAR)
Numerous crypto traders are drawn to Hedera crypto due to its promising blockchain technology within the industry. On January 13th, the Hedera Council approved an additional 4.86 billion $HBARs to further develop the network and enhance decentralized governance.
The allocation, primarily for ecosystem development and existing initiatives like the HBAR Foundation, totals 4.248 billion $HBARs. Additionally, the newly formed DeRec alliance, comprising Hedera and Algorand, focuses on improving digital asset security in the Web3 ecosystem through the DeRec Protocol.
The Hedera Council has today announced that it has voted to give the board approval to allocate 4.86 billion HBARs of additional funds toward further development of the Hedera network and enabling its decentralized governance.
The vast majority of that allocation – 4.248 billion…
— Hedera (@hedera) January 12, 2024
Currently, Hedera is priced at $0.080, with a 24-hour trading volume of $71 million, showing a 2.57% increase in the last seven days. Positioned at #83 on CoinMarketCap, $HBAR aims to reach $0.09.
The Hedera price forecast for 2024 anticipates a maximum of $0.157, an average of $0.148, and a minimum of $0.132, with growing partnerships contributing to this positive trend in the Hedera ecosystem.
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