3 Crypto Coins Predicted to Double in 2024
A number of sentiments are expected to increase the valuation of crypto coins in 2024. For investors, it is worth noting that there are several coins that are predicted to bring in multiple profits.
According to Nasdaq.com, not only are interest rates expected to fall, but upcoming ETFs are also expected to be approved for several leading cryptocurrencies.
As the investment landscape improves, investors' risk appetite will return. This means that one can increase his overall profits (and also his risk-adjusted rate of return) by investing in these assets.
Bitcoin (BTC)
The highly anticipated Bitcoin (BTC-USD) halving event later this year is definitely happening. Since there will be no more Bitcoins, its maximalists will tell you that there is no need to use other networks either.
Ethereum (ETH)
Ethereum (ETH-USD) is another blue-chip cryptocurrency option. Crypto analyst predictions for ETH are also optimistic, with some suggesting it could reach $5,000.
In particular, investors should be wary of forecasters and also underestimate crypto predictions. In contrast to stock markets, which are often argued to act rationally and efficiently, crypto markets behave much differently.
Binance Coin (BNB)
Despite the controversy surrounding Binance and Binance Coin (BNB-USD), this could still be a solid altcoin to hold.
Binance has shown surprising resilience in the face of criminal lawsuits from its founders, a crackdown on crypto in China, and other challenges. Additionally, it maintains its position as the world's largest cryptocurrency exchange by trading volume by a huge margin.
