2024 has ushered in the fourth quarter. In the past three quarters, some blockchain projects have continued to carry out technological innovation and upgrades, focusing on the expansion of the ecosystem and implementation of application scenarios. Nowadays, multiple Layer 1 blockchain projects have grown into leading competitors on the public chain track; these projects often provide a high-efficiency, low-fee user experience. This advantage will allow them to stand out when the public chain war breaks out again in the future. , and even challenge the dominance of Ethereum and become the next generation infrastructure of the Web3 world. The foreign media "Coin Edition" has listed 5 public chains that will perform well in 2024, so hurry up and take a look.
Injective（$INJ）
Injective is an interoperable Layer 1 public chain focused on DeFi, with DeFi facilities such as on-chain token exchange, perpetual contract trading, prediction markets, and lending protocols.
Injective’s native token $INJ has a market capitalization of $2.37 billion. According to TradingView, $INJ rose nearly 750% between 2023 Q4 and 2024 Q1 to reach an all-time high (ATH) of $53. The price has retraced somewhat at the moment, but is still up 63.6% over the past five weeks to $24.14.
Celestia（$TIA）
Celestia can be said to be the first modular blockchain to separate out the Data Availability Layer, allowing any developer to minimize the startup and maintenance overhead required for new blockchain deployment.
$TIA has a market capitalization of $1.2 billion and has shown a strong bullish trend over the past three weeks, rallying from $3.72 to $5.69, a gain of 54%. If the bull market starts successfully, $TIA is expected to bring considerable profits.
"Crypto City" reminds you that $TIA will be unlocked in 4 weeks with up to 969 million U.S. dollars, accounting for 81.79% of the existing circulating supply of ultra-large tokens. The $TIA trading market may experience a period of high volatility before and after the unlocking. Please participate Investors should DYOR and take good control of their own assets.
Source: TokenUnlocks $TIA is about to usher in a huge amount of unlocking
Sui ($SUI)
Sui is the first high-performance Layer1 public chain that adopts the Object-Centric Data Model and is based on Directed Acyclic Graph (DAG). The object model completely maximizes the security of the underlying ledger and smart contracts; while the DAG architecture allows parallel processing of transactions to further optimize network performance. These advantages make Sui one of the most potential competitive public chains. one. In addition, Sui recently cooperated with Circle, a stablecoin issuer, and will issue native $USDC on the chain in the future, which is expected to promote the explosion of its DeFi ecosystem. For details, please refer to the previous report of "Crypto City".
$SUI has a market cap of $5.12 billion and has gained 325% in the past 9 weeks, bringing the price to $1.86 and may soon retest the $2.18 ATH.
Kaspa ($KAS)
Kaspa is a Layer 1 network based on the Proof of Work (PoW) structure of the GHOSTDAG structure. Its architecture also allows for parallel processing and sequencing of transactions.
$KAS has a market cap of $4 billion and is currently trading at $0.16. According to TradingView, $KAS has been showing a bullish trajectory since 2023.
You are（$SIX）
Sei is a Layer1 blockchain developed through the Cosmos SDK. After being upgraded to the V2 version in early July this year, it has supported the parallel processing and sorting of EVM transactions. It has also completed a comprehensive review of its network processing efficiency and transaction fees. Optimization. This series of advantages has also made its DeFi ecology explode in recent weeks, with the total lock-up value (TVL) and on-chain perpetual contract transaction volume (PERPs Volume) continuing to hit new highs. Among them, the project with the largest contribution is based on EVM intelligence The contract's derivatives agreement, Vertex Edge, details can be found in the previous weekly report of "CryptoCity".
$SEI has a market capitalization of $1.7 billion and has risen more than 1,000% from Q4 last year to Q3 this year. Although the price of the currency has retraced as the market fell, it has still risen 152% in the past 9 weeks to $0.48.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
