Unveiling the top crypto to invest in ahead of the anticipated 2024 run with Bitcoin, Solana, and dogwifhat leading the charge to substantial gains.
STORY HIGHLIGHTS
Bitcoin's strong growth suggests a continued upward trend in 2024.
Solana's unique technology significantly boosts its investment appeal.
Dogwifhat surges, up 1,783% since its launch on Solana.
The cryptocurrency market is buzzing with anticipation for 2024. Bitcoin, Solana, and Dogwifhat are projected to lead the charge with substantial value increases. Market experts point to a bullish trend, suggesting the crypto to invest in is prime for investment. Each coin offers unique prospects for growth as the market evolves.
1. Bitcoin (BTC)
Bitcoin (BTC), the foremost cryptocurrency, operates on a decentralized peer-to-peer model. Its creator, Nakamoto, envisioned it as a method for direct online payments, circumventing traditional financial institutions. Presently, Bitcoin price trades at $64,177, marking a slight decline of 0.9% in the last day. Its market capitalization stands at approximately $1.2 trillion.
In the last 12 months, Bitcoin has grown by 133%. This upward trajectory began from a base of $20,000, eventually surpassing the $60,000 mark and reaching a peak of $73,000. Such a pattern underscores its potential as a viable investment for 2024.
The landscape is abuzz with significant events such as the Bitcoin ETF, the Bitcoin halving event, and key network enhancements. These developments continue to bolster investor confidence. They hint at broader acceptance and future growth of Bitcoin within the mainstream financial arena.
2. Solana (SOL)
Solana (SOL) is a pioneering open-source project that harnesses the power of blockchain for decentralized finance (DeFi). Its architecture is specially designed to support the creation of decentralized applications (DApps).
This platform stands out by combining a proof-of-history (PoH) mechanism with the traditional proof-of-stake (PoS) system. This unique fusion significantly boosts its scalability.
In the last year, Solana’s valuation skyrocketed by an impressive 611%, ranking it as the top-performing altcoin. Despite recent fluctuations in the broader market, Solana experienced a notable increase of over 7% in the past week.
This recent uptick brought its value to surpass the pivotal $145 level. At present, the Solana price stands at $147, although it has seen a slight dip of 3% over the past 24 hours.
Data from defilLema reveals that Solana’s network strength is clear from its increasing Total Value Locked (TVL) and active DApp engagement. Since the beginning of the year, its TVL has witnessed substantial growth. Additionally, the rise of Solana-based memes has contributed to its popularity, marking it as a promising crypto investment for 2024.
3. Dogwifhat (WIF)
Dogwifhat (WIF), a new cryptocurrency based on the Solana network, is rapidly gaining attention. Since its launch on November 20, 2023, WIF has seen a staggering increase of 1,783% in its value. By March 31, 2024, it reached a peak of $4.85. This surge pushed its market capitalization to $3.16 billion, ranking it 37th worldwide among cryptocurrencies.
Currently, the Dogwifhat price is at $3.16, reflecting a slight decline of 0.98% in the last day. Over the past week, its value has climbed by 19%. Additionally, there has been a 13% increase in the past month, with the WIF price going live in Coinbase. These figures underscore that many see Dogwifhat as a promising investment for 2024.
Bottom Line
Bitcoin, Solana, and Dogwifhat are poised for significant appreciation in 2024. Investors looking for robust opportunities in the crypto space should consider these top contenders for substantial returns.
