January 2024 is about to create major crypto waves. The first approved spot Bitcoin ETF could see the light of day on January 10. According to crypto expert Camille Lemmens from the Altcoinbuzz team, this has the potential to create a huge surge in the entire crypto market. The expert shares four altcoins that he expects to perform well in January.
The top altcoin is Sui (SUI)
The Sui project launched its mainnet and token earlier this year. The SUI token quickly dropped from well above $1 for most of the year to around $0.50. However, recently it started pumping again. The current price is back to $0.88. The great locks of Sui will not be opened until June and July. Until then, let’s keep pumping!
But where does this pump come from? First, Sui’s TVL has been increasing since October. The altcoin price has increased by 500% since September. This coincides with Sui’s introduction of zkLogin. Another interesting event is Solend joining Sui. This is the best lending protocol in Solana. This is the first time Solend has expanded to a different Blockchain. Most Solana protocols are only available in Solana. So this is big news for both parties. Solend has a TVL of $226 million. It has over 170,000 users and supports over 70 assets. Besides DeFi, Sui’s main focus appears to be gaming. This will also be one of the biggest verticals in crypto for 2024.
Near Protocol (NEAR) comes in second place.
Near is an altcoin project that allows developers to create on-chain Dapps. It is also a fast and cheap Blockchain. For example, it offers sharding. I’ve used this analogy a few times before, but it’s a good analogy to explain sharding. If you’re in a supermarket and only one cashier is open, a queue will form. However, as more cashiers open their lanes, the queue disappears. So sharding offers scalability, but Blockchain remains decentralized.
Additionally, Near uses BOS (Blockchain Operating System). This allows developers to create, distribute and store frontends. Near also saw some new announcements explaining its current fluctuations. Near has integrated with Arbitrum Orbit. Ethereum is developing roll-ups. This makes them more cost-effective and integrates scalability. KaiKai Shopping App in Singapore uses Near Blockchain. They show great deals in your local area and also have a rewards system. All this and more led to the NEAR token surge. The altcoin found itself at a price of $4.01. This is an 82% increase in the last 7 days. NEAR has increased by 125% in the last 30 days and by 216% compared to last year.
We continue the list with Aleph Zero (AZERO)
Aleph Zero is next on the January menu for altcoin picks. It offers privacy-enhanced features. This enables zk privacy enhanced products. Consider DeFi or gaming, for example. However, businesses may also want to take advantage of this privacy option. Aleph Zero has two big events coming up. The first of these is an online hackathon. Aleph Zero will hold its first hackathon between January 10-31. This is an online event with a huge prize pot. The rewards include bug bounties of up to $75 thousand and EPF funds of up to $500 thousand.
The second event is the long-awaited Common DEX. After internal testing, it launched the testnet last week. The Aleph Zero team built this DEX and expects it to make a difference. Among other things, the altcoin project offers privacy options. What’s more, it’s fast and compatible. The team uses ZK technology so only you know the details of a transaction. It has the potential to revolutionize the DEX world. Now, let’s take a look at the AZERO token, it has been on a steady rise since October. Its current price is $1.62. It looks like AZERO has outperformed prices of $1 or below.
Last ranked altcoin: Osmosis (OSMO)
Osmosis is the leading DEX on Cosmos Hub. It proudly ranks 13th among all Blockchains on DeFiLlama. Note that Osmosis is not only a DEX, but also a Blockchain. DEX has a TVL of $220 million. This accounts for approximately 85% of the entire TVL in the Osmosis Chain. At Cosmos Hub, it ranks second in TVL.
CoinGecko lists Osmosis as the #16 DEX among all DEXs across all chains. As we can see, Osmosis has been doing particularly well lately. Altcoin projects have implemented numerous upgrades and improvements. cryptokoin.comAs you follow from , the platform has also made strategic partnerships. For example, it announced a merger with UX Chain in Umee in early December. So, let’s take a look at the OSMO token. Its current price is $1.61. This comes after remaining around $0.50 for most of the year. The all-time low price was $0.22 just 2 months ago in October. It increased by 750% from this price. It has increased by 180% in the last 30 days. Many OSMO bags were underwater for most of the year, but not anymore.
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.
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