The cryptocurrency market will see significant growth in 2024, with Bitcoin and Ethereum becoming the preferred alternatives to traditional investments. Institutional dominance in the cryptocurrency space is growing, and while BTC and ETH are riding the wave of new inflows, other digital assets are expected to benefit in more implicit ways
4 potential coins to buy before the bull market! Do you have it?
Polygon (MATIC): Reinventing Ethereum’s Scalability
Polygon ( MATIC ) remains an attractive cryptocurrency investment option that aims to address the challenges of Ethereum ( ETH ), particularly high fees. As a second-layer blockchain built on Ethereum, Polygon’s main goal is to help blockchain overcome issues such as high transaction fees and slow processing times.
Ongoing partnerships complement Polygon’s prospects. For example, over the past year, major companies such as Starbucks have used Polygon’s blockchain. The blockchain platform continues to generate interest, recently partnering with Fox to verify the accuracy of news content.
Despite these positive developments, MATIC’s price, reflecting the general trend of the cryptocurrency market, is experiencing a decline. MATIC is struggling to maintain levels above the key $0.70 support area. Potential gains across the cryptocurrency market could help MATIC reclaim the $0.80 resistance zone. At press time, MATIC was trading at $0.78, down about 11% on a weekly basis.
XRP
XRP remains the focus of investors’ attention, especially as the case against Ripple and the Securities and Exchange Commission (SEC) continues to evolve. In a recent update, Ripple took a stance against the SEC’s motion to refuse to provide the blockchain company’s financial statements and information related to institutional sales.
Despite the lengthy legal process, XRP has other fundamentals that make it a compelling investment opportunity. The company continues to leverage Ripple’s underlying technology to facilitate cross-border transactions, serving as a key driver of potential price increases.
Meanwhile, recent market trends show an influx of $2.2 million in XRP-related products as of January 16, a significant increase from $900,000 the previous week. This surge is consistent with speculation that XRP could become the next exchange-traded fund (ETF) after Bitcoin (BTC), introducing an additional layer of potential growth.
Solana (SOL)：彻底改变区块链效率
Innovative Blockchain: Founded by Anatoly Yakovenko, Solana has gained huge attention as an innovative platform that solves the inefficiencies of old blockchains such as Bitcoin and Ethereum.
历史证明（PoH）： Solana 的显着特点包括实施历史证明（PoH）以达成共识。这种独特的方法以无与伦比的速度奖励用户，使网络能够以高达每秒 50,000 笔的吞吐量处理交易。
近期飙升和预测： Solana 在过去一年中飙升 453%，在过去 30 天内飙升 65%，与乐观预测相符。Coinbase 的整合计划和基于 Solana 的代币的上市进一步凸显了其日益增长的接受度，使其成为值得关注的 2024 年潜在增长的代币。
One Protocol（ONE）
UMA's price has soared an impressive 80% in recent years, pushing its market capitalization past $300 million. The project's current focus is on a ground-breaking development called "The Oval". Uma Protocol, known for its oracles, has teased the “Oval” project.
Uma said Oval is designed to protect DeFi lending protocols from potential minimum extractable value (MEV) attacks. Likewise, Uma's co-founder highlighted the damage caused by such attacks, raising expectations for "Oval" as a highly anticipated solution. Additionally, investors speculate that “Oval” will actively incorporate the UMA token into its mechanism, potentially driving the value of $UMA.
Therefore, traders are optimistic about UMA, with a greed score of 56, indicating higher buying. Nonetheless, the maximum number of UMAs in circulation on the market is 101.17 million, of which there are approximately 6.24 million. On the positive side, UMA holds a solid 18th position in DeFi tokens and 7th in Yield Farming. Additionally, it ranks 43rd in the Ethereum (ERC20) token space.
Additionally, UMA’s price surged 206% last year, outperforming 85% of the top 100 coins. Additionally, it sits above the 200-day moving average, indicating an overall upward trend. By extension, UMA has had a green candle on 17 of the past 30 trading days. Beyond this, UMA is actively trading near its cycle highs, showing strong liquidity based on its market capitalization.
in conclusion:
Taken together, the cryptocurrency space in 2024 will see dynamic shifts, and they are potential catalysts for change. Each token brings a unique set of features, community dynamics, and recent successes that shape the story of innovation and growth for years to come. We encourage investors and enthusiasts to keep a close eye on these coins as they look for promising opportunities in the cryptocurrency universe.
Okay, that’s it for today. If you want to know more, A look at the homepage. Take the layout strategy and check my homepage as soon as possible. I will follow up and send it to the group in real time.
