Solana (SOL) and These Three Altcoins Became the Stars of 2023! Will their rise continue in 2024? Analysts Evaluated!

Bitcoin The price climbed back above $44,000 yesterday amid growing optimism that spot Bitcoin ETFs will be approved in January.

At this point, a possible post-approval BTC While its price is expected to reach $50,000, BTC has recorded a tremendous rise in 2023.

While it has increased by approximately 170% since January 2023, some altcoins He had his name written in golden letters with his rise.

Among these altcoins Solana (LEFT) while finding LEFT These Three Altcoins followed.

What about those who perform well in 2023? SOL, AVAX, STX and HNTWhat awaits in 2024? Analysts speaking to Coindesk evaluated these altcoins and explained their expectations:

1-To the left (LEFT):

Having increased by more than 700% since January 2023 LEFThas risen sharply since October.

At this point, Solana has performed well despite his relationship with the collapsed exchange FTX and its founder Sam Bankman-Fried.

Speaking to Coindesk, GSR senior analyst Brian Rudick said about SOL:There were questions about whether Solana could survive after the collapse of FTX, no one believed that SOL could survive, but instead of disappearing, SOL succeeded with increased activity on the chain and several high-profile airdrops.” said.

2-Hellium (HNT):

Having increased by more than 400% since January 2023 HNTexperienced a sharp rise of up to 270% in December.

While HNT’s move to the mobile field is behind this rise, Amberdata research director Christopher Martin evaluated HNT:

“2023 was a big year for Helium due to its move into mobile. The network seems to have big plans for mobile and IoT. “Given these plans, there are many expectations that HNT will grow together with the mobile network.”

Again, in general, analysts expect HNT’s rise to continue, noting that traditional fund managers also show special interest in HNT.

3-Stacks (STX):

Having increased by more than 600% since January 2023 STXexperienced an increase of up to 116% in December.

Stacks, the Bitcoin layer-2 protocol, is known as the first token to receive approval from the SEC in 2019. At this point, the rise of STX is expected to continue in 2024 along with the rise of Bitcoin.

4-Avalanche (AVAX):

Having increased by over 300% since the beginning of 2023 AVAX, reached $45. While partnerships were behind these rises, Chris Newhouse, founder of DeFi consultancy company Infiniti Labs, evaluated AVAX.

“Avalanche’s rise this year has been driven mostly by news about AVAX.

However, this success of AVAX is not just news-driven, as its recent rise has seen people move in and out of different L1s and altcoins.

Because by partnering with Apollo and JP Morgan, AVAX is shaping itself to be one of the best blockchains preferred in corporate activities through corporate partnerships.”

5-Bitcoin and Ethereum (ETH):

Finally, GSR senior analyst Brian Rudick said: Bitcoin And Ethereum He also announced his predictions.

BTC and ETHStating that he expects the stock market to continue to rise in the new year, the analyst said that ETF approval will also support this rise.

*This is not investment advice.