After the Christmas and New Year holidays in Europe and the United States, the cryptocurrency market experienced a brief decline. Bitcoin once dropped from $100,000 to a low of $92,000, but with the end of the holidays, significant funds flowed into the cryptocurrency market, lifting Bitcoin back up to $98,000. However, funds within the existing cryptocurrency market began to flow into main chain coins and DeFi concept tokens, with Ethereum rising strongly above $3,600. Other DeFi tokens also performed well, contrary to the past situation where Bitcoin was dominant. We believe that the expected inauguration of the Trump administration on January 20 presents significant opportunities, considering that European and American investment companies have just returned to work, and more funds may be injected into the market. Regulatory factors continue to be a focus for funds. However, the current outflow of funds is somewhat severe, making the overall market a not-so-healthy bull market. Yet, DeFi concept cryptocurrencies still have short-term growth potential. Traders are already positioned to gain excess returns from the influx of funds.
These 4 cryptocurrencies are expected to achieve 100x returns!
ADA
In December 2024, the Cardano community was invigorated by a major development. ADA can now be exchanged securely within the Ledger ecosystem via Exodus on Ledger Live Desktop. This milestone allows ADA holders to securely trade their tokens within the Ledger ecosystem.
Despite such progress, ADA's market performance still faces challenges. After reaching $1.30 in December, ADA fell to $0.84. This marks a decline from its highest value since 2022. However, Cardano's founder Charles Hoskinson remains hopeful, predicting that the platform will achieve significant success soon.
A key factor for this potential growth is the integration of Bitcoin Defi through BitcoinOS. Hoskinson believes that this integration could unlock billions of dollars in funding for the Cardano ecosystem. Such developments could help Cardano rank among the top altcoins in the market.
Hoskinson also pointed out that upcoming upgrades are another growth catalyst. These include Cardano's Midnight, new partnerships, and dApp upgrades. With these enhancements, Cardano's network could see significant improvements, potentially accelerating the growth of ADA.
POL
Polygon, formerly known as Matic Network, is a second-layer scaling solution for the Ethereum blockchain. It aims to improve the Ethereum ecosystem by providing faster transactions and lower fees. POL is the native cryptocurrency of Polygon, used for network fees, staking, and governance. The platform uses a proof-of-stake consensus mechanism that allows users to earn rewards by staking POL. Validators protect the network and process transactions, while delegators can stake their POL with trusted validators.
Polygon's efficient and low-cost infrastructure has made it popular in decentralized finance (DeFi) protocols and other applications. By enhancing scalability and accessibility, Polygon's technology has great potential in addressing blockchain scalability challenges.
BNB
BNB is the native cryptocurrency of the Binance ecosystem, launched as an ERC-20 token in June 2017. It is applicable on the Binance Chain and Binance Smart Chain, supporting fee payments, token creation, and asset transfers. BNB supports smart contracts using a proof-of-stake authority, allowing users to earn rewards through staking.
In addition to blockchain transactions, BNB offers fee discounts on Binance.com and is used by various third-party services. The supply of BNB is gradually reduced through quarterly burns, aiming to halve the initial supply of 200 million to increase its value. With its wide utility and decreasing supply, BNB holds potential appeal in the current market cycle.
ATOM
Cosmos is a network designed to connect different blockchains, creating a 'blockchain internet'. It uses technologies like Tendermint and CosmosSDK to help developers easily build custom blockchains. The ATOM token is the native token of Cosmos Hub, used for paying transaction fees, staking to secure the network, and on-chain governance. The Cosmos ecosystem includes over 249 cross-chain applications and services, highlighting its growth and adoption. Projects like Cronos and Injective use Cosmos SDK for cross-chain interaction. The emphasis on interoperability and decentralization makes Cosmos a significant player in the blockchain space. The technology shows potential, but market appeal may vary based on current trends.
