[The next cryptocurrency worth buying in 2024]
As 2023 comes to an end and 2024 looms, cryptocurrency traders and investors are looking for crypto assets that could deliver significant return on investment (ROI) in the new year. Based on technical analysis (TA) and other indicators, the following crypto assets are considered worthy options to watch. However, as this industry can be rapidly affected by a variety of factors, in-depth research and understanding of these assets is critical.
1. Cardano (ADA)
Known for its ecosystem’s growth in sustainability, scalability, and transparency, Cardano (ADA) is one of the digital assets with the most growth potential in 2024. According to data from DefiLlama, total value locked (TVL) in Cardano-based tokens has exceeded $435 million. ADA’s trading price has increased by nearly 160% since the beginning of the year.
2. Solana (SOL)
Solana (SOL), as a platform supporting decentralized finance (DeFi) solutions, provides the opportunity to create smart contracts and decentralized applications (DApps), as well as featuring high throughput and low transaction costs. Recently, Solana has become one of the top five projects with the highest stored value. It has risen a staggering 690% since the beginning of the year.
3. Ripple (XRP)
Ripple (XRP) emerged as a big winner in 2023 due to the judicial clarity it received regarding its retail sales following a victory in the court battle between the U.S. Securities and Exchange Commission (SEC) and blockchain company Ripple.
Summarize
Overall, these digital assets have a good chance of success next year, provided the sentiment around them remains positive and no unexpected black swan events occur. However, it is crucial to do your own research and assess the risks before investing.
