Bull market is coming in 2024, these 3 cryptocurrencies may have 100x potential in the bull market

The current sentiment in the encryption market is at two extremes, with positivity and caution coexisting. Bitcoin (BTC) is in the midst of testing a key resistance, with the market anticipating possible selling pressure. The market has reacted to the possibility of U.S. approval of a Bitcoin ETF, which could trigger a “sell news” effect. The recent outflow of $33 million from Bitcoin shows a change in investor behavior. Technical indicators show that Bitcoin appears to be overbought, showing signs of a reversal.

However, the altcoin market is showing signs of rapid growth. With the market value breaking through the critical level of $700 billion, the current market value of altcoins has reached approximately $745 billion. Driven by Bitcoin's four-year market cycle, it has the potential to surpass $2 trillion in the next 24 months. Altcoins like Solana (SOL) and Ethereum (ETH) are at the forefront of leading this upward trend.

3 Recommended Cryptocoins for 2024

Render (RNDR): An emerging powerhouse in the digital space

Render (RNDR) has experienced significant price gains recently, reaching reached its highest level in 22 months. This increase was primarily due to the strong performance of the rendering network in the third quarter, with rendering (RNDR) spending increasing by 75% compared with the previous quarter. Despite this, the number of new investors fell significantly, down 46%. This may be due to a saturated market, or other factors.

Based on current price action, the price of Render (RNDR) is expected to fluctuate between $3.97 and $7.20 by 2024. Given the technical and market influence of Render (RNDR), as well as the attention it has attracted and the favor of investors, its price is expected to rise. This growth may be affected by factors such as industry development, market demand, and the progress of the project itself. Render (RNDR), as a project with potential, may attract more investors and users, thus pushing its price higher. However, investors should be aware of market volatility and risks and do adequate research and evaluation in order to make an informed investment.

Render's (RNDR) recent expansion is encouraging, but new investors' A decrease could be a sign that its growth momentum may be starting to slow. Overcoming the $5.61 and $6.51 resistance levels and converting them into support is a challenging task. If Render (RNDR) can maintain momentum and continue to innovate, a breakout of these levels could set its sights on $7. However, investors should remain vigilant as the market's optimism may not last long.

Optimism (OP):

Volatility in Optimism (OP) has increased further after Coinbase launched futures trading Optimism (OP). This move drew significant market attention to the asset, fully preparing it for a significant change in price.

Forecasts suggest that Optimism (OP) could trade between $3.20 and $4.53 in 2024 if current trends continue. Optimism (OP) is poised to grow significantly in value over the next year, backed by a strong community and increasing adoption.

OP has great potential, but prices may fluctuate significantly, so caution is required. Potential 20% growth is on the horizon, depending on how the market reacts to recent developments like Coinbase futures trading.

Jito (JTO):

Jito (JTO) is a token on the Solana blockchain that has seen a significant price increase in the recent period, making it a popular currency in the crypto market. Attractive tokens.

The price of the token has shown a significant upward trend, with a recent increase of 36.20%, and a total increase of 140.44% since its launch.

The recent airdrop of 90 million Jito (JTO) governance tokens has piqued community interest, with the total value locked (TVL) of Solana Jito liquid staking reaching a whopping $486.84 million. As Jito (JTO) continues its rise, the market is eagerly anticipating its next milestone.

Let’s summarize the leading projects in the AI, Depin, DeSoc, and DeSci tracks that Messari is optimistic about, which are the core of this year’s sector rotation.

DeSoc Track

1.Farcaster A16z led the investment, the currency has not yet been issued
2.Lens Protocol AAVE team, the currency has not yet been issued
3.DeSo Social L1, the currency has not yet been issued
4.Nostr Bitcoin community payment social unissued currency
5.Tako Protocol social bottom layer

AI track
1.$AGIX SingularityNET
2.$FET Fetch.ai
3.$TAO Bittensor
4.$AKT Akash Network
5.$WLD WorldCoin

Depin Track

1.$RNDR Render Network GPT\AI Competition Dao leading
2.$DIMO DIMO
3.$IOTX IoTeX Internet of Things
4.$HONEY Hivemapper Solana Ecology
5.$HNT Helium

DeSci Track

1.GenomesDAO: Focus on genomic data security and ownership.
2.Data Lake: Focus on reforming the application of medical data in research.
3.RejuveAI: Focus on studying longevity and health through advanced artificial intelligence technology.
4.Medical Veda: A Canadian medical technology company that integrates decentralized finance (DeFi) and blockchain technology into the medical industry.
5.ResearchHub is an encryption research platform co-founded by Coinbase CEO Brian Armstrong and others.

In the crypto industry, if you want to seize the next bull market opportunity, you must have a high-quality circle, so that everyone can stay together and maintain insight. If you are just one person, looking around at a loss and finding that there is no one around, it is actually very difficult to persist in this industry.

The above is the detailed content of Bull market is coming in 2024, these 3 cryptocurrencies may have 100x potential in the bull market. For more information, please follow other related articles on the PHP Chinese website!