Top 5 Cryptocurrencies To Buy Before 2024 – Next 10X Potential Altcoins

On Dec 20, 2023

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With renewed bullish sentiment in the crypto market, investors are turning their attention to high-potential crypto investment options for the upcoming year.

The coming year holds promises of innovation, regulatory developments, and increasing adoption, factors that can significantly impact the performance of various digital assets.

As investors strategize their portfolios, staying informed about market trends, technological advancements, and macroeconomic factors will be key to making well-informed investment decisions.

In this article, we list the top five cryptocurrencies that are poised for potential growth before the year 2024. Each highlighted crypto represents a distinct investment opportunity, supported by factors such as recent developments, future price trajectory, and real-world utility.

Ethereum (ETH)

Ethereum pioneered blockchain technology with its smart contract platform, introducing computer programs that automatically execute agreements between parties online. This innovation aims to reduce the need for trusted intermediaries, lowering transaction costs and increasing reliability.

Ethereum executes smart contracts on its blockchain, envisioning a globally distributed network for improved resilience and censorship resistance. The platform also hosts other cryptocurrencies, or “tokens,” through its ERC-20 compatibility standard, with over 280,000 tokens launched to date.

Ethereum’s multifaceted approach has significantly shaped the landscape of decentralized applications (dApps) and token ecosystems. Ethereum stands out as a widely recognized digital asset known for its substantial liquidity and significant daily trading volume.

As the leading altcoin, it has distanced itself from the speculative volatility often associated with smaller-cap alternatives. Moreover, Ethereum plays a vital role in offering liquidity to numerous DeFi-based tokens, contributing essential stability to the industry.

As of today, December 20th, the price of Ethereum is $2,191.27, accompanied by a 24-hour trading volume of $11.97 billion, reflecting a 0.90% increase in the past 24 hours. Technical analysis suggests a potential sustained upward movement for $ETH.

Traders and investors are closely monitoring key support at $2,024.30 and resistance levels at $2,354.03. Analysts speculate that Ethereum’s price is poised for a significant upswing, possibly reaching $3,500 in the coming months.

yearn.finance (YFI)

yearn.finance serves as a platform catering to DeFi investors seeking optimal returns from diverse protocols. Leveraging smart contracts, it seamlessly transitions between lending and borrowing services.

The platform goes beyond, offering additional features such as vaults, insurance, and governance to elevate user experience and overall platform value. Notably, yearn.finance implements fees for withdrawals and gas subsidies, subject to potential changes through community voting.

Tailored for investors looking to enter the DeFi market with minimal time and effort, $YFI crypto currently trades at $8,253.24, boasting a 24-hour trading volume of $84.07 million and a market cap of $274.30 million. Over the last 24 hours, the YFI price has increased by 0.13%.

A bullish scenario, where the price remains above the $8,446.91 resistance level, could drive further momentum towards testing the $8,773.83 resistance. Analysts express optimism, with the most ambitious yearn.finance crypto price target reaching $15,890 while the minimum target is set at $12,387 by the end of 2024.

Bitcoin ETF Token (BTCETF)

The Bitcoin ETF Token is an ERC20 token intricately linked to regulatory developments, specifically concerning the SEC’s approval of Bitcoin ETFs. While not officially affiliated with Bitcoin ETFs, its roadmap aligns with anticipated market events.

This deflationary cryptocurrency is structured around five token-burning events, strategically tied to milestones associated with the introduction of the initial Bitcoin Spot ETF. Starting with a 5% burn tax, subsequent achievements will progressively reduce the burn tax to ultimately reach 0%.

The team commits to burning 5% of the total supply upon reaching milestones such as a $100 million trading volume and the approval and launch of the first Bitcoin ETF. With an initial staking APY exceeding 558%, early adopters are incentivized, leading to over 440 million $BTCETF tokens already staked.

#BitcoinETF has now sold out! 🎉
The claim will be going live on Thursday the 21st of December at 12:00 pm UTC. 📅 pic.twitter.com/jjyXKANgaz
— BTCETF_Token (@BTCETF_Token) December 19, 2023

This ERC-20 token has a maximum supply of 2.1 billion tokens, with 840 million allocated to the presale. Staking rewards encompass 525 million tokens, and an additional 210 million are designated for liquidity pools.

The remaining 525 million tokens will be burned upon achieving milestones linked to Bitcoin spot ETF approval. The presale for $BTCETF tokens has concluded, successfully raising a substantial $5.09 million. The $BTCETF token claim will commence at 12pm, UTC, on December 21st, 2023.

View the video above for an in-depth analysis of the top 5 cryptocurrencies to consider before 2024, and subscribe to his YouTube channel for additional crypto-related content. Jacob Crypto Bury also runs a Discord server with 17,000 members, offering trading tips and insights into upcoming crypto presales.

Internet Computer (ICP)

The Internet Computer blockchain introduces a revolutionary reimagining of blockchain design, driven by advancements in cryptography.

Serving as the inaugural “World Computer” blockchain, it offers the capability to construct nearly any online system or service, including strong web social media, without reliance on traditional IT infrastructure like cloud computing services. This facilitates comprehensive end-to-end decentralization.

Notably, Internet Computer has recently witnessed a substantial price surge, exceeding 90% in the last 30 days and successfully surpassing two major resistance levels.

Presently, the Internet Computer price stands at $8.95. The 10-day Simple Moving Average (SMA) is presently at $7.36, with the 100-day SMA positioned at $4.09. A support level is established at $8.78, while resistance is encountered at $10.37 and $11.42.

The current Relative Strength Index (RSI) value is 74.03, indicating an overbought position in the $ICP market. Despite this, the RSI indicator suggests a potential increase in the $ICP price. Looking forward, the trajectory of Internet Computer appears poised for an upward trend, especially if it maintains its position above crucial support levels.

Sei (SEI)

Lately, Sei has witnessed substantial gains, showcasing an impressive over 50% surge in the last seven days and achieving a new all-time high (ATH) of $0.407. This remarkable increase has elevated $SEI to the 76th position among cryptocurrencies, boasting a market cap of $900 million.

Notably, the open interest and social volume for $SEI have doubled within this brief period, indicating heightened interest and engagement from the community. Presently, Sei’s price is trading between $0.32 and $0.39.

The 10-day Simple Moving Average (SMA) is at $0.25, closely followed by the 100-day SMA at $0.15. Support levels for Sei are established at $0.34 and $0.30, while resistance levels are at $0.42 and $0.47. Sei’s 14-day RSI stands at 71.33, suggesting that $SEI is presently undervalued.

Despite favorable current trends, it’s essential to acknowledge the inherent volatility of the crypto market and uncertainties related to the balance of long and short positions, posing potential challenges that could influence Sei’s future price movements.

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