2024 is in full swing and the world of cryptocurrency is buzzing with energy and potential more than ever before. Thanks to technological progress and the increasing embrace of cryptocurrencies as legitimate assets (read Bitcoin spot ETF approval), investors and enthusiasts are looking for the next breakthrough. With the impending bull run, now is a great time to be in crypto.
But to take full advantage of the bull run, you need to invest in the right coins. This guide aims to navigate you through the year’s best crypto to invest in upcomming bull run. Let’s dive in.
Key Takeaways
- Bitcoin’s Growth and Halving Event: Bitcoin remains a strong investment due to its 155% growth in 2023 and the upcoming halving event, expected to increase its value further.
- Ethereum’s Dencun Upgrade: Ethereum is set to become more attractive to investors and users with the Dencun upgrade, which aims to reduce high transaction fees.
- Solana’s Innovations: Solana is enhancing its ecosystem with new scalability solutions and the introduction of the “Solana Saga” mobile phone, aiming to merge mobile technology with blockchain.
- Polygon’s Infrastructure Enhancements: Polygon continues to improve Ethereum’s functionality by implementing advanced technologies like zk-Rollups, making it faster and reducing costs.
Best Crypto to Invest In for the Next Bull Run
| Cryptocurrency | Symbol | Market Capitalization |
| Bitcoin | BTC | $1,311,869,995,288 |
| Ethereum | ETH | $463,307,420,221 |
| Solana | SOL | $56,780,195,660 |
| Cardano | ADA | $25,485,573,569 |
| Polygon | MATIC | $10,581,188,755 |
| Avalanche | AVAX | $15,076,680,169 |
| Polkadot | DOT | $12,845,418,612 |
| XRP | XRP | $33,014,432,714 |
| Injective | INJ | $3,510,043,589 |
| Uniswap | UNI | $9,725,312,141 |
Bitcoin (BTC)
Bitcoin, the pioneer of cryptocurrencies, remains the largest by market cap. Its resilience, capped supply, and expanding utility cement its status as a cornerstone asset for wealth accumulation in the fluctuating crypto market.
In 2023, Bitcoin saw an impressive 155% growth. No traditional financial asset matches this return over a year. The forthcoming halving event in April will slash mining rewards in half, further limiting Bitcoin’s future availability and enhancing its scarcity.
This growing scarcity is anticipated to push BTC’s value higher, positioning it as an outstanding option for long-term investment. Predictions suggest its price might hit the sought-after $100k mark by the year’s end or early next year.
Ethereum (ETH)
Ethereum differentiates itself by being a multi-functional distributed computing platform, enabling the execution of smart contracts on its blockchain. These contracts drive the burgeoning sector of decentralized finance (DeFi).
Despite competition from newer blockchains aiming to surpass Bitcoin’s capabilities, Ethereum maintains its appeal among institutional investors due to its secure and established platform. Institutional interest underlines Ethereum’s enduring significance, marking it as a reliable long-term investment choice.
Concerns regarding high transaction fees have been noted by Ethereum users. Nevertheless, the anticipated Dencun upgrade is expected to significantly lower these fees, potentially attracting more retail interest.
Compare BTC & ETH wrt price, conversion rate , fundamentals, sentimental & technical analysis
Solana (SOL)
Solana stands out for its high speed and low transaction costs, driven by its innovative Proof-of-History consensus mechanism alongside Proof-of-Stake (PoS). Recent developments highlight its commitment to sustainability and the introduction of significant dApps, signaling a robust ecosystem.
Solana is set to introduce new scalability solutions and the “Solana Saga” mobile phone, aiming for a seamless integration of mobile technology with blockchain. Enhancements to network stability and forthcoming upgrades promise to elevate transaction speeds and reduce costs even further.
Cardano (ADA)
Cardano distinguishes itself with a foundation in research and strategic planning, offering a secure and eco-friendly blockchain solution. Its recent support for smart contracts has broadened its utility, attracting more applications and services.
In 2024, Cardano aims to enhance its system for increased speed and interoperability with other blockchains, facilitating a broader range of applications.
Polygon (MATIC)
Polygon serves as a significant enhancer to Ethereum by improving its speed and reducing transaction costs. It facilitates smoother interactions between different blockchain networks.
Recent enhancements aim to bolster its infrastructure for gaming and financial applications, drawing more users and developers. With plans to implement advanced technologies like zk-Rollups, Polygon aims to further speed up its network and reduce costs.
Avalanche (AVAX)
Avalanche is celebrated for its rapid transaction capabilities and minimal fees. Its recent growth and integration of new features have attracted a larger user base, thanks to its user-friendly interface and compatibility with various blockchains.
In 2024, Avalanche is focused on technological advancements to make transactions faster and more affordable, alongside efforts to enhance accessibility across devices.
Polkadot (DOT)
Polkadot facilitates interoperability among different blockchains, acting as a connector for seamless information and transaction sharing. Its expansion has strengthened its network, drawing more interest from users and developers.
Future plans include expanding its network for even smoother cross-blockchain interactions, enhancing trading, applications, and more.
XRP (XRP)
XRP specializes in rapid and cost-effective cross-border payments, simplifying international money transfers. Its increasing adoption by businesses and banks underscores its reliability for everyday transactions.
In 2024, XRP aims to accelerate and cheapen international payments further, striving for broader usage in global finance.
Injective (INJ)
Injective is revolutionizing trading by enabling fee-less transactions across a wide range of assets. Its growth stems from offering a decentralized trading experience, appealing to those seeking alternatives to conventional exchanges.
Looking ahead, Injective plans to diversify its trading options, enhancing its appeal for innovative trading strategies.
Uniswap (UNI)
Uniswap is at the forefront of decentralized crypto trading, offering a platform for swapping various cryptocurrencies without the need for traditional order books. Its user-friendly approach has garnered significant attention, making it a preferred choice for hassle-free trading directly from your wallet.
In 2024, Uniswap aims to introduce features that further streamline and secure trading processes, improving the overall trading experience.
Conclusion
As we conclude our exploration of the best crypto to invest in for the upcoming bull run, the future of the crypto market appears more luminous than ever. From Bitcoin’s enduring leadership to the inventive advancements of platforms like Solana, Cardano, Polygon, and others, each cryptocurrency contributes uniquely to the field.
As investors and aficionados, our role is to remain informed, adapt to changes, and seize the opportunities these technologies present. The crypto domain is swiftly evolving, brimming with potential for those willing to delve into it. Keep an eye on these noteworthy cryptocurrencies as they continue to influence the landscape of digital transactions and blockchain innovation.
FAQ
How does Bitcoin (BTC) compare to Ethereum (ETH) in terms of price and fundamentals?
Bitcoin (BTC) has historically been valued higher than Ethereum (ETH), largely due to its status as the first cryptocurrency and its limited supply, which creates scarcity. In terms of fundamentals, Bitcoin is primarily seen as a store of value, akin to digital gold, while Ethereum is a platform for decentralized applications (DApps) and smart contracts, making it more versatile in its use cases.
What makes Solana (SOL) stand out among other cryptocurrencies?
Solana (SOL) stands out for its high speed and low transaction costs, which are made possible by its innovative consensus mechanism called Proof-of-History. Additionally, its focus on scalability solutions and integration with mobile technology through initiatives like the “Solana Saga” mobile phone sets it apart in the crypto space.
Why is there growing interest in Polygon (MATIC) for investment during the bull run?
Polygon (MATIC) has garnered attention due to its role in enhancing Ethereum’s functionality by improving speed and reducing transaction costs. With the implementation of technologies like zk-Rollups, Polygon aims to address Ethereum’s scalability issues, making it more attractive for users and developers during the bull run.
