The cryptocurrency market is constantly changing, and currently there are many potential Crypto coins, and in my experience, Layer 1 blockchains are playing an important role in this ecosystem. Below are 5 potential Layer 1 coins of the market in 2024, based on performance, features and development potential.
1. Ethereum (ETH)
Ethereum (ETH) is an open source and distributed layer 1 blockchain platform, created by Vitalik Buterin and his team in 2015. This is the first platform to support smart contracts, allowing programmers build and deploy decentralized applications (dApps).
Currently, ETH is the blockchain with the largest TVL in the market ($59 billion). Ethereum (ETH2.0) has switched from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus mechanism, which saves energy and increases network performance.
ETH has quite good growth in the first 6 months of 2024 with an increase of >60%
Find out more: https://www.binance.com/vi/price/ethereumThe ETH ETF has been approved by the SEC and will begin trading in the near future, giving more investors access to the Crypto and ETH markets. Ethereum ETF offers a convenient and secure means of investing in Ethereum for traditional investors. With the continued growth of the cryptocurrency market, these ETFs could become an important part of many investors' portfolios.
According to many sources, it is predicted that ETH price in the last 6 months of 2024 will be in the range of $4,500 - $6,000 for 1 ETH.
2.Binance coin (BNB)
Binance Coin (BNB) is the native cryptocurrency of the Binance cryptocurrency exchange. Launched in 2017 through an ICO (Initial Coin Offering), BNB has grown strongly and become one of the most valuable cryptocurrencies on the market.
Binance Smart Chain (BSC): BNB is used to pay transaction fees on Binance Smart Chain, a blockchain developed by Binance to support decentralized applications (dApps) and smart contracts.
BNB coin has a lot of potential in the Binance and Binace Smart Chain ecosystems such as
Reduced transaction fees
Launchpad, launchpool, megadrop, Airdrop.
Hold & earn
Widespread applications in DeFi and dApps
Learn more: https://www.binance.com/vi/price/bnb
Regarding the potential price increase of BNB, in the first 6 months of the year, BNB's price increased by more than 130%, which is a very impressive increase.
According to many sources, BNB price prediction for the last 6 months of 2024
Predictions from Finder also suggest that the BNB price could reach around 750 USD
Changelly, predicts that BNB price will only increase slightly and could reach a peak of around 662 US dollars
Overall, Binance Coin price in the second half of 2024 is predicted to fluctuate between US$650 and US$800, with many factors influencing the coin's upward or downward trend.
3. Solana (SUN)
Solana is a high-performance blockchain that stands out for its fast transaction speeds and low transaction fees. Solana has attracted many DeFi and NFT projects, helping it become one of the fastest growing platforms in recent times
Fast transaction speed (65,000 TPS).
Low transaction fees.
Strong support for DeFi and NFTs.
Learn more: https://www.binance.com/vi/price/solana
Regarding the potential price increase of SOL, in the first 6 months of the year SOL had a price increase of more than 100%, which is a very impressive increase.
SOl price prediction for the last 6 months of 2024
According to Cryptonews, the SOL price could reach a high of $250, with an average price around $160 and a low around $100.
Bitnation has quite an optimistic prediction, claiming that the SOL price could reach a peak of $284.25 by the end of 2024, with an average price of around $236.88 and a low of around $189.50.
4. Sui (SUI)
Sui Network (SUI) is a new generation blockchain focused on providing a secure and efficient platform for decentralized applications (dApps) and smart contracts.
Sui Network was developed by Mysten Labs, a technology company with the participation of many former Facebook employees and blockchain industry experts.
Features and technology
Move programming language: Sui uses the Move programming language, a language specifically designed for developing secure and efficient smart contracts. Move was originally developed by Facebook for the Diem (formerly Libra) project.
Scalability: Sui is designed to scale horizontally, meaning it can handle more transactions by adding more nodes to the network.
Transaction speed and fees: Sui promises fast and low-cost transactions, thanks to its network structure and advanced technical solutions.
Application
DeFi: Sui supports decentralized finance (DeFi) applications, allowing users to borrow, lend, and exchange digital assets without the need for intermediaries.
NFT: The platform also supports the creation and trading of non-fungible tokens (NFTs), opening up new opportunities for artists and content creators.
Blockchain Game: Sui creates the ideal environment for blockchain-based games, where performance and transaction speed are crucial.
Learn more: https://www.binance.com/vi/price/sui
Regarding SUI's price increase potential, in the first 6 months of the year, SUI's price increased by more than 180%, which is a very impressive increase. Due to market fluctuations and the big unlock, the price has adjusted and is currently up about 20%, this is also a good buying opportunity.
SUI price prediction for the last 6 months of the year
Coin Edition thinks SUI could reach $7.50 by December 2024, thanks to positive volume pressure and a bullish market trend
ChangeHero predicts SUI could reach $2.10, depending on the strength of the bullish momentum and market conditions
Crypto2Community predicts a maximum price for SUI of $3.89 by the end of 2024, reflecting continued market recovery and investor interest
5.Sei Network (SEI)
Sei Network (SEI) is a layer 1 blockchain, designed to be optimized for DeFi (decentralized finance) transactions.
Technology and Features:
High performance: Sei Network is designed to process transactions at very fast speeds, with low latency and high throughput, making it optimized for DeFi applications.
Security: Sei uses advanced security methods to ensure the safety of transactions and user data.
DeFi Features: SEI Coin is used in many DeFi applications such as borrowing and lending, decentralized trading, and digital asset management.
Applications and Use Cases:
Transactions: SEI Coin can be used to pay transaction fees on Sei Network.
Governance: SEI Coin holders have the right to participate in network governance decisions, including voting on upgrade proposals and protocol changes.
Staking: SEI Coin can be staked to receive rewards, help secure the network, and participate in transaction verification.
Learn more: https://www.binance.com/vi/price/sei
Regarding SEI's price increase potential, looking at SEI's price chart, we see that the price has a strong increase with a profit of more than 1000% in Q4/2023 - Q1/2024. However, the market fluctuations were so great that the price was adjusted and is currently at $0.35. This is a nice price to invest.
Some optimistic forecasts suggest that SEI could reach $1.85 by the end of 2024, which is an increase of more than 500% from the current price of $0.35 (at the time of writing).
Hopefully this information will help you make the right and highly effective investment decisions.
The content of the article is intended to provide additional information, and does not constitute investment advice. Please take responsibility for all investment decisions and research carefully before investing money.
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