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Gold prices hit an all-time high and hovered around $2,203.35 per ounce on average. It is clear that demand for gold has remained strong over the past year, as central banks began purchasing gold as a hedge against inflation. However, Global silver demand is predicted to reach 1.2 billion ounces in 2024, which could mark the second highest level on record. Moreover, this could be a catalyst that could push the value to a 10-year high or $30 per ounce.
Besides gold and silver, historically, investors and traders have also diversified into cryptocurrencies. According to the sponsored content poster, some cryptocurrency predictions that can be tracked in 2024 include KangaMoon (KANG), Litecoin (LTC), Bitcoin Cash (BCH), Render (RNDR) and Cosmos (ATOM), which is a risky project with an uncertain future.
Predicted Coins That Could Surpass Gold and Silver in 2024
Some altcoins that can be followed closely in 2024.
KangaMoon (KANG)
Risky project KangaMoon (KANG), whose future is uncertain according to the sponsored content poster, allegedly saw an explosive level of growth during its crypto ICO as excitement and speculation about its future increased. The project is new and its future is uncertain, and the investment carries the risk of loss.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
In particular, the KangaMoon platform will offer a community-focused approach and Social-Fi elements, as well as Play-to-Earn (P2E) functionality. Anyone can obtain KANG tokens by engaging in various aspects of their universe and even earn rare NFTs by completing quests or battling other players and participating in community events. It is not certain, the investment carries the risk of loss if the project fails.
Another important feature behind the KangaMoon ecosystem, according to the sponsored content poster, is the marketplace where any player can buy, sell and even trade in-game items or characters. The approach has made a significant mark as it has already reached Phase 4. Since inception to date, the price has increased from $0.005 to $0.014. But the future is uncertain, there is risk.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
Litecoin (LTC)
Litecoin (LTC) is a cryptocurrency that was first launched in 2011 with the aim of competing with some of the biggest players in the industry and enabling fast and cheap transactions. It was developed using a copy of the source code behind Bitcoin, but built on even more.
As for Litecoin price performance, the crypto has shown a price increase of 20.9% over the past month. In addition, the Litecoin crypto also rose from a low point of $78 to a maximum value of $91 during the previous week. According to Litecoin price prediction, it can close 2024 at $130.61.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) enables P2P payments and was first launched in August 2017 as a hard-fork blockchain split from Bitcoin. It still uses Proof-of-Work (Pow) consensus but allows for faster and cheaper transactions.
As a result, the chart metrics behind Bitcoin Cash, which is up 200% year-to-date (YTD), are in the green. Moreover, the price of Bitcoin Cash rose from $354.68 to $432.68 in the previous week and according to the price forecast, it may close 2024 at $599.18.
Render (RNDR)
Render (RNDR) is a blockchain and crypto-backed project that gives anyone access to GPU power on a global scale to help projects create motion graphics and other visual effects. Users who provide this power receive RNDR, the network’s native utility token, as a reward.
Render’s year-to-date increase was 641%, and last month’s increase was 72%. Moreover, Render price increased from $10.14 to $13.41 in the past week. However, according to the price forecast, it may rise to $17.29 in 2024.
Cosmos (ATOM)
Cosmos (ATOM) is a blockchain ecosystem built to enable secure connection and communication of interoperable blockchains. It has a large number of cross-chain applications and services and has reached a large user base over time.
This crypto is up 14% on the monthly chart, and in the past week alone Cosmos price has risen from $10.86 to $12.83. According to Cosmos price prediction, the crypto could end 2024 at $17.44.
Cryptocurrencies Are Risky Investments
Investing in cryptocurrencies can be difficult and risky, and as a result it is important to keep in mind a number of distinguishing criteria and factors.
Technology and Team
The first step is to review the underlying technology of each project by analyzing its whitepaper and overall documentation, as well as going over what it solves in the industry. Additionally, taking an in-depth look at the team behind the project can also go a long way in learning more about the project.
Benefit and General Market Relevance
For a cryptocurrency to thrive, it must also have a benefit or use case. In this way, it can provide value beyond being a value transfer tool for users and may lead to greater market interest over time.
Historical Performance and Volatility and Future Risks
While going over past performance isn’t always indicative of how far a crypto may go in the future, it can offer perspective on how volatile it is. By understanding volatility risks and overall momentum, traders and investors can make much more educated investment decisions.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before investing!
