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After more than two years, the value of the global cryptocurrency market has surpassed $2 trillion for the first time, representing a significant milestone in the industry’s recovery.
Cryptocurrency enthusiasts have long been waiting for the start of a new bull cycle. This increase puts an end to their wait and offers investors the opportunity to make investments that can provide great returns.
With the tides changing, now is the time to determine your anticipated cryptocurrency investment.
This sponsored content will evaluate the features and current market situations of eight cryptocurrencies.
Sui (SUI)
One of the best altcoins to benefit from the 2024 bull market is Sui (SUI). The Sui network has expanded at an incredible pace over the last few months, with total value locked (TVL) increasing by more than 1000%.
It took less than a year for Sui to become one of the ten largest DeFi projects with a TVL of more than $575 million, based on DeFiLlama data.
As the network expands, analysts predict that Sui coin will skyrocket in 2024. Sui is trading in the $1.5 range, up more than 120% since the beginning of the year. Considering the current growth rate, it is clear that Sui should be a DeFi coin.
Solana (LEFT)
Solana (SOL) was one of the best cryptocurrencies to invest in 2023 and has grown more than tenfold. The platform can process more transactions in seconds than Ethereum, using both proof-of-stake (PoH) and proof-of-stake (PoS) approaches.
The Solana ecosystem is rapidly expanding, thanks to recent aerial drops that surprised the community. Although Solana has crossed the $120 threshold in 2024, some crypto experts predict another 10x increase in SOL’s price in 2024, which would make SOL a good crypto.
Cardano (ADA)
Cardano (ADA) is one of the most established blockchain projects whose use is increasing every year. Cardano has demonstrated significant engagement and innovation among its community, consistently leading developer activity on Github over the past year.
The platform has seen several changes, with significant advancements such as the Vasil hard fork. Cardano founder Charles Hoskinson talked about an upcoming upgrade called Plutus V3.
This upgrade shows further progress in the Cardano network, making it one of the best DeFi projects to invest in. 2024 could be the year ADA hits a new all-time high.
Meme Moguls (MGLS)
According to the sponsored content submitter, Meme Moguls (MGLS) aims to transform the meme coin industry by uniting meme coins and games under one roof. This new DeFi project plans to develop an investment game that will teach players to invest and diversify their portfolios. The project is new and its future is uncertain.
Users will be provided with virtual funds to practice and test investment methods. However, participants who reach certain milestones can start earning real cash rewards, and it is reported that it may be a trackable project depending on the content sender.
To participate in the game, it is necessary to have the native token of the platform, MGLS. But the project is new and it is unclear whether it will be successful.
Additionally, those who own the Meme Moguls meme coin can stake it, providing investors with a source of passive income. MGLS, which is reported to be a trackable crypto as it enters the 2024 bull market, is currently reported to be selling at a price of $0.0036 per coin.
Chainlink (LINK)
Chainlink (LINK) has consistently been a pioneer in providing real-world data to smart contracts on the blockchain. As real-world usage of Chainlink grows, analysts have named LINK among the best cryptocurrencies to hold in 2024.
LINK is trading under bullish momentum as a price bounce from a monthly low of $13.53 to a high of $20.82. Additionally, technical indicators suggest that the token’s price gains may continue in the coming months.
It is expected to rise as high as $45 by 2024, making it among the best cryptocurrencies to buy for the bull market.
Ripple (XRP)
Ripple (XRP) is another well-known cryptocurrency with a very specific use case. In an effort to strengthen and streamline international money transfers, it has collaborated with other organizations to enable more foreign payments with cryptocurrency (XRP).
Due to its potential, it is considered one of the best altcoins to buy once its value starts to explode. With an increase of 8.6% in the last week, Ripple’s current price range ranges from $0.5167 to $0.5762.
The bulls are back in the market in full force and could push the token above $1 in the coming months.
Tron (TRX)
Tron (TRX) experienced a steady price increase of 7.2% after consolidating within a narrow price range. The altcoin pumped from a weekly low of $0.1229 to a high of $0.1325.
Currently, Tron’s RSI is 81.10, which indicates that the Tron market is in an overbought position. The RSI indicator suggests that Tron’s price will continue to rise.
Shiba Inu (SHIB)
Like Dogecoin, Shiba Inu (SHIB) initially started as a light-hearted meme coin project. But over time, it has experienced massive growth as the second largest meme coin in terms of market cap.
This is all made possible thanks to the incredible vision and hard-working staff of the Shiba Inu community. They have produced some extremely interesting startups, including their own Layer-2 blockchain, Shibarium, and ShibaSwap, a decentralized exchange.
Currently, the Shiba Inu team is testing an autoburn function on Shibarium, which could increase the value of the meme coin in the future by reducing the SHIB meme token supply.
Click to review the Meme Moguls token.
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high risk investments, do your detailed research before investing!
