As you know, the Bitcoin and altcoin market can surprise its investors by experiencing great rises in some periods. cryptocoin.com As we reported, popular crypto analysts announced that they expect 10x and above returns for these 3 altcoin projects in their latest analysis! Here are the details…
These cryptocurrencies can mark the year 2024 and 2025!
As you know, the bear market has been going on for a long time and many investors are waiting impatiently for when the new rises will occur. According to experts, many investors who will make an instant investment may face very big opportunities. While the crypto market has seen a slight recovery this year, most cryptos remain at entry-level prices. That’s why analysts consider 2024 and 2025 as boom years, when the industry will likely explode. Experts draw attention to these 3 events for the coming years.
- Bitcoin 2024 Halving event; With the event, the supply will be reduced and the demand for Bitcoin will increase. Therefore, prices may rise.
- the Federal Reserve’s softening of its policies; The incentive for ‘risky’ assets like cryptocurrencies will increase if the Federal Reserve softens its policies.
- CBDCs are gaining in popularity; According to experts, many countries will take steps towards using CBDCs. This could further legitimize cryptocurrencies and prices could rise.
Bitcoin (BTC)
There’s a lot going on in the Bitcoin community. And BTC remains one of the best cryptocurrencies to buy this year. Without a doubt, Bitcoin controls the temperature of the market. This means that the market is flowing in the direction of BTC’s price. So why invest in Bitcoin, according to experts?
According to experts, the first reason is the adoption rate. As you know, we have seen the value of Bitcoin increase in the last ten years. Also, some countries have now recognized Bitcoin. We’ve also seen a surge in institutional adoption of Bitcoin.
Big companies and hedge funds also jumped on the Bitcoin caravan. And it’s not just big companies like Microstrategy.
Another reason is that the Bitcoin halving event is approaching. As you know, the upcoming event in 2024 can greatly affect the price. Bitcoin’s fourth halving event. It happens at 210k blocks and this happens every four years. The next halving is scheduled for around May 4, 2024.
However, the use cases of Bitcoin include payment and store of value. This is one of the reasons why BTC is a long-term bet. Bitcoin has the largest market capitalization. Also accepted for online and offline payment. Many see Bitcoin as a safe haven from the ongoing banking crisis in Europe and the US.
Polygon (MATIC)
Polygon is a popular choice among developers because of its speed and cheap fees. Thus, this chain can process up to 65,000 transactions per second in a single side chain. Polygon’s popularity among developers gives it great long-term potential. Also, Polygon’s tech-first approach can succeed in a bull market. As a result, according to experts, the project could grow tenfold by 2025.
Polygon’s focus on interoperability is another great reason to invest in it. Polygon works to improve interoperability between Ethereum compatible blockchains. It does this by supporting different scaling solutions. This is one of the reasons that increase its popularity.
However, Polygon has recently released its groundbreaking infrastructure, zk-EVM. This launch is a big reason for Polygon’s recent growth. Thanks to this launch, developers can benefit from the effects of Ethereum. Instantly, Polygon’s native coin, MATIC, is trading at $0.959994.
Cosmos (ATOM)
While experts state that there may be a little surprise for the last coin, they add Cosmos (ATOM) to their list. According to the transmitted data, the price of Cosmos can be very variable. But many experts attribute this to the general nature of cryptocurrencies. However, according to experts, Cosmos has good long-term potential. The popular altcoin Cosmos (ATOM) has performed quite well since its launch. In January 2022, ATOM hit an all-time high of $44. With that, ATOM has delivered 170 percent ROI since June 2022, when the bear market was at its lowest. This is better than other cryptocurrencies. So Cosmos comes across as the current leader in Layer-0 protocols. These are protocols that allow you to build your own interoperable blockchain. New chains come online every week in Cosmos.
Rising Demand for IBC could be a bullish signal for the popular altcoin. IBC stands for “Blockchain Communication Protocol”. IBC is a way to send information between different blockchain networks. So cross-chain communication is a big problem in blockchain and IBC helps to solve it. Primary IBC users are located in Cosmos.
However, replicated security measures also make the blockchain project valuable. The ‘Replicated Security’ system is the first version of Cosmos’ cross-chain security (ICS) feature, allowing blockchains to share verification resources for their enhanced security. This new implementation allows other chains to leverage liquidity in Cosmos. However, their new partnership also increases the attention to the project. Instantly, the popular altcoin Cosmos (ATOM) is trading at $10.73.
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