The cryptocurrency market is entering an important stage of development, with many prominent coins having strong growth potential until the end of 2024. In this analysis, coins will be divided into three groups based on the field, growth potential, and number of users, helping investors have a clearer view to optimize their investment strategy.
I. Group of leading platform cryptocurrencies (Layer 1)
These are coins that provide blockchain infrastructure for other projects. This group often has large and thriving user communities.
1. Bitcoin (BTC)
• Current Price: $65,787
• Analysis: Bitcoin remains the leading cryptocurrency with the largest number of users and is considered “digital gold”. By the end of 2024, Bitcoin is expected to grow steadily thanks to fundamental factors such as scarcity (limited supply) and acceptance from financial institutions.
• Estimated price: $85,000 - $100,000
2. Ethereum (ETH)
• Current Price: $2,664.76
• Analysis: Ethereum is the leading platform for DeFi and NFT applications, with a large growing network. ETH 2.0 (Ethereum upgrade) is expected to boost network performance and reduce transaction fees, supporting ETH price growth until the end of 2024.
• Price prediction: $4,000 - $6,000
3. Binance Coin (BNB)
• Current price: $599.62
• Analysis: Binance Coin is the currency of the Binance ecosystem, the world's largest exchange. BNB is widely used in transactions on Binance Smart Chain (BSC) with low fees and fast speed. The Binance ecosystem is constantly expanding, which helps BNB maintain stable growth.
• Price prediction: $800 - $1,200
4. Solana (SUN)
• Current price: $159.98
• Analysis: Solana stands out for its ability to process thousands of transactions per second, making it a strong competitor to Ethereum. The Solana network is growing rapidly with a variety of DeFi and NFT projects.
• Price prediction: $250 - $300
5. Avalanche (AVAX)
• Current price: $29.25
• Analysis: Avalanche offers a high-speed blockchain platform, compatibility with Ethereum applications, and is chosen by many DeFi projects. This ecosystem is attracting many developers, especially in NFT and DeFi projects.
• Price prediction: $60 - $100
II. Group of cryptocurrencies supporting DeFi and Oracle
These coins play an important role in the DeFi (decentralized finance) sector and provide off-chain data to smart contracts.
1. Chainlink (LINK)
• Current price: $12.57
• Analytics: Chainlink is the leading Oracle service providing real-world data to DeFi applications. Demand for Oracle services will continue to increase as smart contracts and DeFi applications grow.
• Price prediction: $20 - $35
2. Uniswap (UNI)
• Current price: $7.47
• Analysis: Uniswap is the largest decentralized exchange (DEX) today, playing an important role in the DeFi ecosystem. UNI is the governance token of this platform, and with the development of DeFi, UNI can continue to increase in price.
• Price prediction: $15 - $25
3. Near Protocol (NEAR)
• Current price: $5.51
• Analysis: Near is a blockchain platform that offers scalability and low costs, which attracts many developers. The NEAR ecosystem is growing with DeFi projects and decentralized applications.
• Price prediction: $10 - $15
4. Optimism (OP)
• Current price: $1.91
• Analysis: Optimism is a Layer 2 solution that reduces costs and increases transaction speeds on Ethereum. With strong Layer 2 growth in 2024, OP could grow significantly.
• Price prediction: $3 - $5
III. Group of high-risk cryptocurrencies with strong growth potential
This group includes emerging coins that have the potential for strong growth but also come with high risks.
1. Arbitration (ARB)
• Current price: $0.65
• Analysis: Arbitrum is a Layer 2 solution built on Ethereum that reduces transaction costs and increases speed. Although the price of ARB has dropped sharply, the solution still attracts the attention of many developers and DeFi projects.
• Price Forecast: $1 - $2
2. Fantom (FTM)
• Current price: $0.69
• Analysis: Fantom is a high-speed and low-cost blockchain used in many DeFi applications. With the strong development of the ecosystem, Fantom has high growth potential in 2024.
• Price prediction: $1.5 - $2.5
3. Pendle (PENDLE)
• Current price: $4.33
• Analysis: Pendle is a DeFi protocol that allows users to decouple future yields from their assets. This is a novel idea, and if well received, Pendle could grow strongly.
• Price prediction: $6 - $8
4. Pepper (PEPPER)
• Analysis: PEPE is a meme coin with a large community, notable for its high volatility and frequent speculation. Despite the high risk, if the community continues to grow, PEPE could see strong growth in the short term.
• Price Forecast: 2-3x increase from current price
Conclude
Overall, cryptocurrencies like Bitcoin, Ethereum, BNB, Solana, and Avalanche are safe bets for long-term investors thanks to their large user communities and thriving ecosystems. Meanwhile, Chainlink, Uniswap, Near, and Optimism can be considered mid-term options with strong support from the DeFi sector. For investors with a high risk appetite, coins like Arbitrum, Fantom, Pendle, and Pepe have the potential to deliver great returns, but also come with high risks.
The price prediction is based on current fundamental and technical factors, but the cryptocurrency market is very volatile and depends heavily on the macro situation, so it needs to be closely monitored.
