Michael Saylor says all you need to become crypto rich is Bitcoin. But it’s not just Bitcoin that can make someone rich. Crypto expert Deepika Garg and her team from Altcoinbuzz have selected 3 altcoins you will need to make big gains in the 2024 bull run.
First ranked altcoin: Solana (SOL)
Solana was one of the market dogs throughout much of this bear market. And understandably so. He had a close relationship with SBF and Alameda. Alameda still owns most of the SOL. It had a problem with network outages and claims of centralization based on how they handled those outages. The low of the bear market was $9.60 in December 2022. It has increased 15-fold since then. However, it is still 41% away from its all-time high of $259. However, we expect this bull run to go even higher.
Data from DefiLlama shows Solana’s total value locked (TVL) rose to $3.2 billion on March 13. TVL, which was $580 million in November 2023, has increased by 458% in the last four months. The rising TVL reflects investor interest in Solana’s DeFi ecosystem. It also shows that Solana continues to attract new users due to its low withdrawal costs, especially those looking for new airdrops.
Some of the biggest airdrops of 2023, such as Jupiter, and the launch of major projects such as Jito and Pyth, have attracted a large number of new users to Solana. This was followed by BONK, a Solana-based meme coin. There are still a few airdrops expected in the next few months. This means that we will see the Solana ecosystem explode in 2024. Based on our fundamental and technical analysis, we expect SOL to move from here to $500-1000, which is 8-9 times easier.
Avalanche (AVAX) comes in second place
I know we haven’t covered this topic comprehensively. However, there is much to be done in this regard. But this is the biggest one. On March 11, South Korean gaming giant Nexon announced that MapleStory Universe, a spin-off of its flagship game MapleStory, will launch on Avalanche instead of Ethereum Layer 2 Polygon. It was also no surprise that ‘Teleporter’ was introduced to improve subnet interoperability after Avalanche’s Durango update. Teleporter aims to make Avalanche a fully interoperable network.
Honestly, I need to dig deeper into the Avalanche and their bull run potential. But on the surface, the project seems to be attracting a lot of attention. His TVL has increased by 200% in the last 4 months. So I’m sure something big is about to happen.
Last ranked altcoin: Injective (INJ)
Injective went from relative obscurity to a top 40 project last year. Its growth has been so explosive (1224%) that people are wondering “did I miss my chance?” he wonders. Look at Injective’s TVL. It went from $14.8 million to $74.1 million in just 4 months. Just yesterday the altcoin reached an all-time high. One of the most important cohorts for Injective are whales. These large wallet holders tend to influence price direction based on their on-chain actions. But it is important to notice that individuals are holding INJ bags, which indicates a strong belief in the price explosion in the coming bull run.
If Injective’s financial application Blockchain story proves successful, there’s no reason it can’t become a $100 billion altcoin project. The best part is, its total supply is $100 million. It is also tokenomic with INJ, whose current Mcap is $4 billion. Cryptocurrency has a lot in store for this bull market. Our FA + TA analysis shows that INJ will move up to $400-600 in the next 2-5 years.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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