Which cryptos could explode in the remainder of 2024?
Here are three cryptos that have strong potential to close the year with significant increases:
1. Ethereum (ETH): With the recent update to Ethereum 2.0, this cryptocurrency remains the leader in smart contracts. Its network has improved in speed and cost, which attracts more DeFi applications and NFTs. Investors see Ethereum as a key piece for the future of blockchain technology, which could push its price up.
2. Polygon (POL): Known for being Ethereum's scalability solution, Polygon has stood out for its fast transactions and low fees. Its recent partnerships and advancements in the DeFi and NFT ecosystem make POL one of the cryptos with the most projection to close the year strong.
3. Chainlink (LINK): Although it is below its historical maximum, Chainlink remains essential for the DeFi ecosystem, providing secure external data to smart contracts. With DeFi adoption on the rise, demand for LINK is likely to continue to grow.
Ready to get in? These cryptos are well positioned, but remember that the crypto market is volatile. Do your research before investing.