The crypto world has always held a double promise for the world. One of these is a revolution in the functioning of global financial systems thanks to the development of Blockchain ecosystems. Another is to earn significant returns by investing in promising cryptocurrencies. Crypto expert Andreja Stojanovic looks at the four most promising cryptocurrencies for investing.
The first cryptocurrency: Chainlink (LINK)
Chainlink is an important communication line between smart contracts and data from the outside world. Therefore, it has proven itself as an important element of Web3 ecosystems. It is an important component of many Blockchain projects. This leaves Chainlink with significant staying power in the broader crypto space.
Additionally, despite a relative lull in January, it has seen a steady rise for almost a full four months. That is why LINK has witnessed significant enthusiasm in recent weeks. In total, LINK is up 160.67% over the last 52 weeks. Additionally, it increased by 35.16% in the last 30 days. However, on the daily chart, it fell slightly by 0.74% to 18.37. Now, it must cross a key threshold of $20.03 before rallying upwards. If it achieves this, the next price target for LINK will be $26.87.
In second place is Polkadot (DOT)
In recent months, Polkadot has been implementing more and more projects. It is actively working to strengthen its ecosystem to become the platform of choice for Non-Fungible Token (NFT) projects and Web3 gaming teams. In this vein, it recently set a new record for NFT minting speed. A dedicated team is currently working on DED, Polkadot’s first meme coin. It is possible that this coin will provide significant support for DOT. Because all holders of the native token will receive the new meme coin via an airdrop.
Although DOT was caught in the crypto market rally in the last quarter of 2023 and rose above $8 in late December, it has found itself in a strong downtrend in recent weeks. Accordingly, crypto money has decreased by 6.66% in the last 30 days. However, it rose by 0.87% in the last 24 hours of trading, reaching $6.73 at the time of writing.
Solana (SOL) also enters the list
Solana has been giving crypto investors a lot to talk about lately. At the beginning of February, it saw inflows of $2 billion in a single day. In January, transaction volume exceeded the $1 trillion threshold for the first time in years. Finally, in December, the oft-cited Ethereum (ETH) killer surpassed ETH in terms of NFT sales. The relatively unique arbitrage opportunity provided by airdrops tied to Solana’s Saga smartphone also provided a significant boost last year. Additionally, with the first batch sold out, Solana announced that it would be releasing a new one soon.
cryptokoin.comAs you follow from , SOL also performed well on the price side. The cryptocurrency hit a yearly high of $121 in late December. Although it dropped after that, it recorded a 52-week gain of 308.49%. Additionally, it has seen a 30-day gain of 0.17%. Although Solana experienced a 5-hour outage on February 6, it increased by 1.61% in the last 24 hours. At the time of writing, SOL was changing hands at 95.45.
The last cryptocurrency: Ethereum (ETH)
After talking about an ‘ETH killer’, it would be a shame not to discuss Ethereum itself. The world’s second cryptocurrency has been performing quite well over the last few months. Additionally, it successfully managed the rally triggered by Bitcoin in the last three months of 2023. It has increased significantly by 41.94% in the last 52 weeks. It is also in the green by 0.78% since January 1. At the time of writing, Ethereum was trading at $2,370.94, up 2.17% on a daily basis.
Additionally, Ethereum is expected to benefit not only from its own upgrades and the upward momentum that Bitcoin’s halving will create. At the same time, the approval of a spot ETH exchange-traded fund (ETF) is on the agenda in the coming months. It’s possible that this could give cryptocurrency a chance to really take off.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. We strongly recommend that you do your own research before investing.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!