Top 09 Potential Coins 2024 Not to Be Missed

After facing many difficulties in 2022 and recovering in 2023, in 2024, the cryptocurrency market is predicted to uptrend due to a series of major events that have taken place such as approved Bitcoin ETFs (January 11, 2024), Bitcoin Halving (expected in April 2024),...

Top 9 potential coins in 2024 are: BTC, ETH, BNB, SOL, XRP, LINK, OP, IMX, ARB.

With the diversity of the cryptocurrency market, choosing a coin to invest in can be a challenge for investors. Which coin should you choose? What are the most potential coins in 2024? Let's refer to the Top 9 most potential coins in 2024 to make the most accurate investment decision!

1. Overview of the cryptocurrency market in 2024

After facing many difficulties in 2022 and recovering in 2023, in 2024, the cryptocurrency market is predicted to uptrend due to a series of major events that have taken place such as the approved Bitcoin ETF Funds (January 11, 2024), Bitcoin Halving (expected in April 2024), ... Facing the uptrend season, choosing assets to invest in will probably be easier. Let's learn about the top 9 potential coins in 2024 right after this.

2. Top 9 Most Potential Coins in 2024

2.1. Top #1 potential coin in 2024: BTC

 

Topping the list is Bitcoin (BTC). Two major events that took place at the beginning of the year: the US Securities and Exchange Commission (SEC) approving Bitcoin ETFs and the 4-month period before Bitcoin Halving (April 2024) have had a strong impact on Bitcoin's price. Data shows that BTC's price increased by 59.87% in the first 3 months of 2024 (CoinMarketCap) and is expected to increase further after the Bitcoin Halving event.

Currently, BTC's market capitalization is at 1.36t USD, the price of 1 BTC is equivalent to 69,000 USD.

 

2.2. Top #2 potential coins 2024: ETH

 

Ethereum is an open-source blockchain platform, built to expand the utility of cryptocurrencies by allowing developers to build applications in many different fields.

Ethereum, ranked 2nd in the list of popular cryptocurrencies, is not only a coin but also a blockchain platform that supports smart contract solutions and NFTs.

Ethereum has a large ecosystem and is a potential land for many developers. According to data from defillama, there are currently nearly 1000 DeFi projects developed on Ethereum with a total locked value of more than 29 billion USD. Ethereum is currently the ecosystem with the highest TVL and accounts for 53.99% of the TVL of the entire crypto market.

The Dencun upgrade event in Q1 2024 and the Electra upgrade - post-Dencun are 2 events that have a great impact on the Ethereum ecosystem and the value of ETH.

The above characteristics have helped ETH always be in the top of the most potential coins. Currently, ETH's market capitalization is at 395.19b USD, the price of 1 ETH is equivalent to 3,286.83 USD.

 

2.3.Top #3 potential coins 2024: BNB

Binance is the world's largest cryptocurrency exchange (by trading volume), launched in July 2017, with the goal of providing a simple and accessible trading platform for everyone, regardless of expertise or experience.

Currently, BNB's market capitalization is at $85.22b, with the price of 1 BNB equivalent to $586.84.

 

2.4. Top #4 potential coins 2024: SOL

Solana is a monolithic blockchain platform known for its high speed and performance. It is the world's first web-scale blockchain. The SOL token is the platform's native cryptocurrency and is used to pay transaction fees.

Solana is a blockchain platform designed to support decentralized applications (dApps) with high speed and low transaction fees. Solana is attracting the attention of dApp developers and cryptocurrency investors, and this has also led to the explosion of meme coins on Solana.

Currently, the market capitalization of SOL is at 84.75b USD, the price of 1 SOL is equivalent to 183.35 USD.

 

2.5. Top #5 potential coins 2024: XRP

Ripple is a fintech company that builds various products to solve problems related to global payments. Most notably, from 2017 to early 2018, XRP reached an all-time high of $3.84. This is a 53,435% increase from its price of $0.006531 in early 2017. Since then, the value of XRP has gradually decreased. However, the asset still maintains its position as one of the cryptocurrencies with the largest market capitalization. It is ranked fifth on the list.

Currently, XRP's market capitalization is at $33.48b, with 1 XRP being worth $0.60.

 

2.6. Top #6 potential coins 2024: LINK

ChainLink is a decentralized Oracle network founded in 2017 by Sergey Nazarov and developed on the Ethereum blockchain. It serves as a middleware between smart contracts and external data sources. Chainlink allows smart contracts to securely access off-chain data sources.

Currently, LINK's market capitalization is at $8.26b, and the price of 1 LINK is equivalent to $13.69.

 

2.7. Top #7 potential coins 2024: OP

Optimism is a Layer 2 solution on Ethereum and is built by the Optimism Foundation. Optimism uses Optimistic Rollup technology to allow cryptocurrency developers and users to enjoy fast transactions with low fees while maintaining the security of Ethereum.

Currently, OP's market cap is at $1.96b, the price of 1 OP is equivalent to $1.75.

 

2.8. Top #8 potential coins 2024: IMX

Immutable X (IMX) is the first layer-2 scaling solution for blockchain gaming and NFTs with instant transactions, massive scalability, and no gas fees. Immutable X uses Zero-knowledge Rollup technology to achieve the ability to process up to 9,000 transactions per second.

Currently, IMX's market capitalization is at $2.34b, the price of 1 IMX is equivalent to $1.53.

2.9. Top #9 potential coins 2024: ARB

Arbitrum is a layer 2 protocol based on Ethereum, developed to solve the problem of transaction costs and speed on the Ethereum network.

Currently, ARB's market capitalization is at 2.42b USD, the price of 1 ARB is equivalent to 0.73 USD.

 

3. Apply investment strategies

Applying specific strategies in a disciplined manner will help you achieve more profits and limit the risks of losses when investing in crypto in general, and investing in top coins 2024 in particular.

• Diversify your portfolio: Invest in many different cryptocurrencies to reduce risks and increase your chances of making a profit.
• Technical research: Use technical tools and indicators to analyze price charts and identify market trends.
• Follow the news: Stay updated with important news and events in the crypto industry to understand and assess their impact on the market.
• Evaluate project potential: Research the project, development team, and growth potential of the cryptocurrency before investing.
• Set goals and plans: Identify investment goals and set a plan to achieve them.
• Risk Management: Set a certain percentage for each trade and follow the risk management principle to avoid losing too much capital.
• Execute a buy and sell strategy: Determine the buy and sell points based on your technical analysis and inspiration.
• Don't be carried away by emotions: Avoid making decisions based on emotions and always keep a calm and theoretical mind.
• Monitor the market: Monitor the development and fluctuations of the crypto market to have an overview and adjust your strategy.
• Learn and update your knowledge: The crypto market changes rapidly, constantly learn and update your knowledge to adjust your investment strategy.

4. Control your psychology

To control your psychology in crypto trading, be disciplined and apply the following measures:

• Set clear goals and establish an investment plan.
• Research and understand crypto projects before investing.
• Manage risks by setting loss and profit limits.
• Control your emotions and avoid emotional judgment.
• Diversify your investment capital across a variety of crypto assets.
• Stick to your trading plan and don't be fooled by short-term news or volatility.
• Monitor and evaluate your trading results, adjusting your strategy as needed.
• Remember that crypto trading is risky and you should only invest money you can afford to lose. Seek expert advice and reliable sources of information before making any investment decisions.

 

5. Conclusion

Top 9 potential coins in 2024 include BTC, ETH, BNB, SOL, XRP, IMX, ARB, OP, LINK. These are notable coins with attractive growth and profit potential. However, before investing, it is important to carefully research the technical and market factors that can affect the value of these coins. This will help you gain a deeper understanding of the potential and risks of each coin, thereby making wise investment decisions. Don't miss out on investment opportunities, but make sure you do your due diligence before making any investment decisions.

Note: This article is for general information purposes only, not investment advice. Before investing in any asset, investors should carefully research the risks and take responsibility for their investment results.

 

Note:

- Smart investment advice from us (and the same is always true for other markets): "Only consider investing in coins when the price of BTC is below its real value, for example, the recent 2023 downtrend when BTC fell to 15K. And when the price has flown far from the nearest bottom, you should absolutely NOT FOMO and invest at the peak and mid-mountain stages (when the price is high and too high, when the price has flown far from the bottom), the stage when sperm whales have been and are in dire need of large liquidation sources from the market, the stage when thousands of large and small projects are calling for investment, everyone, from youtubers, traders, to the media, newspapers, high-ranking officials, large funds, banks, governments, ... all report good news about a bright and distant prospect for BTC, ... Please stay away when investing in this stage. The decision is based on economics your investment experience and experience. Take responsibility for yourself!"

- Prices are estimated at the time of posting the article on 28.07.2024.