Hello everyone!
The year 2024 is marked by many developments in the altcoin universe. Investors are closely following these alternative cryptocurrencies to Bitcoin because of their significant growth potential. Here is a detailed look at some altcoins to watch and predictions for the end of the year. 🚀
Current Performance and Forecast 📉
1. Ethereum (ETH) :
Current price: €2,604 (down 0.34% over 24 hours).
Market capitalization: €313.56 billion.
Forecast for the end of 2024: With the implementation of proto-danksharding (EIP-4844) which will improve scalability and reduce fees, Ethereum could reach €3,500 to €6,000. In addition, the growing interest in Layer 2 (Polygon, Optimism, etc.) amplifies the adoption of Ethereum.
2. Solana (SUN):
Current price: €150.05, down 2.39%.
Market capitalization: €70.49 billion.
September 2024 Performance: Solana gained 12%, driven by major partnerships with Franklin Templeton and Citibank, as well as advancements in its DeFi ecosystem.
Forecast end of 2024: Solana could reach between €180 and €200, thanks to increased adoption and improvements in its scalability.
3. Ripple (XRP) :
Current price: €0.55, down 0.64%.
Market capitalization: €30.97 billion.
Growth in September 2024: XRP increased by 9.1% after the end of the lawsuit against the SEC. This outcome, along with new initiatives like the RLUSD stablecoin, boosted the price of Ripple.
Late 2024 Prediction: XRP could reach €0.80 or even €1, according to analysts if confidence in the technology and ecosystem continues to grow.
4. Avalanche (AVAX):
Current price: €27.15, down 2.65%.
Recent performance: AVAX grew 20.1% in September 2024 thanks to the Avalanche9000 update and €40 million in developer funding.
Forecast end of 2024: The price could reach €40 to €50, supported by increasing adoption in the DeFi sector.
5. Cardano (ADA) :
Current price: €0.34, down 3.14%.
Market capitalization: €11.99 billion.
Forecast for end of 2024: The launch of the Chang Hard Fork, introducing decentralized governance, could allow ADA to reach between €0.45 and €0.50 by the end of December.
Key Points to Remember 🔎
The total cryptocurrency market rose 8% in September 2024, driven by favorable global economic conditions, including interest rate cuts by the U.S. Federal Reserve.
Total Value Locked (TVL) in DeFi: In September, TVL grew by 9.6%, with chains like Sui and Base leading the way, increasing by 60.7% and **44.6%** respectively.
Year-end prediction: Analysts predict a strong “altcoin season” with potential gains of 30% to 50% for some cryptos, depending on industry innovation and adoption.
Growth Opportunities 🚀
Layer 2 Ethereum: The rise of scaling solutions like Polygon and Optimism increases Ethereum’s potential. These L2s could consolidate their dominant positions, bringing more users and volume.
Avalanche and Solana: These two blockchains are benefiting from strong growth in DeFi and NFT projects, increasing their visibility and adoption.
Conclusion 📊
Altcoins continue to show significant growth prospects. Ethereum, Solana, Ripple, Avalanche, and Cardano are among the most promising projects for the end of 2024. Although prices are subject to volatility, technological developments and increasing adoption could well push these cryptos to new highs by December. 🎯
Thank you for your support!!!!
