Check Today's Crypto Market:
Bittime - 2023 has been a tumultuous year for the cryptocurrency (crypto) market. The price of Bitcoin and other altcoins experienced a significant decline from their ATH ( All Time High ). However, experts predict that 2024 will be a year of recovery and growth for the crypto market.
Here are some coins that are worth considering holding in 2024, along with reasons and price predictions:
Bitcoin (BTC)
Reason
Bitcoin is the largest and most famous cryptocurrency with a large market capitalization. Bitcoin has a strong community and a decentralized network, making it resistant to manipulation. Additionally, Bitcoin has a limited supply of 21 million, which makes it even more rare and valuable.
Price prediction
Experts predict that Bitcoin will reach a price of $100,000 in 2024. This is driven by several factors, such as increasing institutional adoption, the next Bitcoin halving, and global economic growth.
Ethereum (ETH)
Reason
Ethereum is a blockchain platform that supports a variety of decentralized applications (dApps) and smart contracts . Ethereum is in the process of transitioning to Ethereum 2.0, which will significantly improve scalability and efficiency. This transition, known as "The Merge", is expected to be completed by 2024.
Price prediction
It is estimated that Ethereum will reach a price of $5,000 in 2024. Driving factors are the increasing use of dApps, adoption of Ethereum by institutions, and the launch of Ethereum 2.0.
Cardano (ADA)
Reason
Cardano is a Proof-of-Stake (PoS) blockchain platform known for its scalability and security. Cardano has an active community and many dApps projects being developed on its platform. Cardano uses the Ouroboros consensus mechanism which is proven to be secure and energy efficient.
Price prediction
It is estimated that Cardano will reach a price of $5 in 2024. Driving factors are the launch of smart contracts, increasing adoption by institutions, and the development of dApps projects on Cardano.
Polkadot (DOT)
Reason
Polkadot is a sharded blockchain platform that enables interoperability between different blockchains. Polkadot has the potential to become an “internet of blockchains” that connects various blockchains and allows for the seamless transfer of data and value.
Price prediction
It is estimated that Polkadot will reach a price of $50 in 2024. Driving factors are the launch of parachains, increasing adoption by developers, and the growth of the Polkadot ecosystem.
Check Price:
Chainlink (LINK)
Reason
Chainlink is an oracle network that provides real-world data to the blockchain. Chainlink is used by various dApps projects and has great potential to grow along with blockchain adoption. Chainlink provides the accurate and reliable data that dApps need to function properly.
Price prediction
It is estimated that Chainlink will reach a price of $50 in 2024. Driving factors are the increasing demand for real-world data from dApps, the adoption of Chainlink by institutions, and the development of new products and services by Chainlink.
It is important to remember that crypto price predictions are not always accurate. Do your own research and invest only what you can afford to lose.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Crypto Regulation and Taxes in 2024
What is Staking? Hold Crypto Assets for Multiple Profits
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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