The current order of business is the best time to invest in cryptocurrency.
Analysts say that every dip is a buying opportunity. In particular, experts from the asset management company CoinShares share this opinion. The company emphasizes that at the moment there is an opportunity to invest in Bitcoin and cryptocurrencies at a reduced cost. CoinShares notes that investors are already taking advantage of the downward pressure caused by the sale of BTC by the German government and the release of Bitcoin by the Mt.Gox exchange. For this reason, now is the time to diversify the portfolio with altcoins, before the market begins a clear recovery. Which cryptocurrencies should you invest in to get significant profits by the end of 2024 Despite the fact that harsh macroeconomic events have negatively affected the market, analysts believe They say that these six coins may rise in the next few months. Ethereum With the fall of Bitcoin, the cryptocurrency Ethereum (ETH) has partially lost the price momentum that it received a month ago with the approval of spot funds (ETFs) in the United States. However, there are factors indicating that this situation will soon change. According to research company Steno Research, the cryptocurrency market is too pessimistic regarding the imminent launch of the Ethereum ETF. Experts believe that such instruments could attract greater demand on Wall Street, which will lead to an increase in the price of ETH. Researchers believe that the cost will rise to $6,500 in October. Wiener AI The WienerAI (WAI) team is working on a chat bot that will analyze the market and provide forecasts in real time and with zero commissions. What further emphasizes the attractiveness of WienerAI is the staking of the WAI token at 154% per annum.
However, new cryptocurrencies also often record multiple growth after the start of trading. This way, traders will also benefit from the potential rise of the coin. During the initial placement on the exchange, the cost of the token will be $0.000733. At the time of writing, WAI can be purchased at a discount for $0.0007Z. GO TO THE WIENERAI WEBSITE Play Doge PlayDoge (PLAY) is a mobile game with the ability to earn tokens. The coin is sold as part of a pre-sale at a reduced price and you can buy it for only $0.00517. Gamers must look after their pet and also participate in competitions to win PLAY tokens as rewards.
While many crypto-currency games are limited to exciting gameplay, the PlowDoge team has also integrated a staking mechanism. By combining the appeal of dog memcoins with real earning opportunities, PLAY becomes one of the best cryptocurrencies with growth potential. It is not surprising that early investors invested $5.5 million in the project. GO TO THE PLAYDOGE SITE Pepe Unchained Pepe Unchained (PEPU) is a new variation of the iconic Pepe meme. Only this time the frog will have its own second-level network (L2). Thus, PEPU token holders can benefit from fast transaction speeds, reduced gas fees and staking rewards.
TON Since November 2023, the TON ecosystem includes dApps, exchanges, trading platforms for NFTs, crypto-games and many memcoins. At the time of writing this article, the TON coin ranks 8th in market capitalization. For comparison, two weeks ago the altcoin was in 9th position. This suggests that TON continues to be in demand among investors.
In anticipation that token growth will continue and that this may cause unwanted congestion, scaling solutions are being developed. In the press release, the team announced that TON will launch its own second-level network, which will be based on the Polugon blockchain. Bitcoin Bitcoin (BTC) is the first and most popular cryptocurrency in the world. Despite the decline in the price of BTC, experts’ expectations remain “bullish.” Analyst firm SoSoValue Research argues that selling pressure arises from panic caused by individual events. For this reason, the firm warns that the BTC price recovery may be delayed until August 2024. A positive development for cryptocurrencies is the fact that exchange-traded funds in the US have increased trading volumes, putting an end to the outflow of funds. For SoSoValue, what happened during the price pullback reflects an increase in investor confidence in Bitcoin, which may indicate the end of the fall. Completion Bitcoin (BTC) and cryptocurrency exchange-traded products (ETP) recorded positive flows of $441 million over the past week. The last time these financial instruments brought income was in the first week of June. During this period, investors added more than $2 billion. James Butterfill, head of research at CoinShares, stressed that traders are likely to view the current market decline as a buying opportunity.
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