{"id":2705,"date":"2023-11-20T23:17:38","date_gmt":"2023-11-20T23:17:38","guid":{"rendered":"https:\/\/solanacrypto.news\/2023\/11\/20\/what-to-invest-in-2024\/"},"modified":"2023-11-20T23:17:38","modified_gmt":"2023-11-20T23:17:38","slug":"what-to-invest-in-2024","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2023\/11\/20\/what-to-invest-in-2024\/","title":{"rendered":"What to Invest in 2024?"},"content":{"rendered":"
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DISCLAIMER: This is paid content. All opinions and views are of the advertiser and do not reflect the same of WISH-TV. The content presented on this page has been created and provided entirely by the advertiser.<\/em><\/p>\n

Cryptocurrency, a digital revolution in the ever-changing financial landscape, has emerged as a prominent player. Operating independently of governments and financial institutions, it relies on the innovative technology of blockchain.\u00a0<\/p>\n

Leading the pack in this digital frontier is Bitcoin, firmly established as the leader in the world of crypto.<\/p>\n

As Wall Street continues to embrace cryptocurrency, it opens up a realm of exciting possibilities. While it can be utilized for everyday transactions, many view it as more than just currency. Instead, they see it as a long-term investment.<\/p>\n

In this dynamic environment where knowledge is key, Bisq may just be your best starting point for venturing into crypto. This decentralized and peer-to-peer platform has been gaining attention as one of the top choices for purchasing the best cryptocurrencies.\u00a0<\/p>\n

So before you take the plunge into this exhilarating domain, let\u2019s delve into what drives cryptocurrency and why embarking on the path to digital wealth might hold more thrills than you anticipate.<\/p>\n

>> Get Started at Your Crypto Journey With Bisq >><\/strong><\/a><\/p>\n

7 Best Cryptocurrencies\u00a0<\/h2>\n

Bitcoin (BTC)<\/a><\/h3>\n
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Cryptocurrency is a relatively new type of asset that emerged in 2009. The year 2022 demonstrated the high unpredictability associated with this asset class, making it crucial for investors to choose established cryptocurrencies to protect themselves from potential losses.\u00a0<\/p>\n

Among all the best cryptocurrencies, Bitcoin<\/strong><\/a> <\/strong>stands out as the oldest and most widely recognized, holding the largest market capitalization at approximately $500 billion, which accounts for almost half of the entire cryptocurrency market.<\/p>\n

BTC has gained widespread acceptance and is supported by various publicly traded financial instruments that track its performance. Companies like MicroStrategy Inc. (ticker: MSTR) and Tesla Inc. (TSLA) have invested in Bitcoin and include it on their balance sheets alongside their publicly traded stocks.\u00a0<\/p>\n

Despite experiencing a significant decline of 64% in 2022, Bitcoin has made an impressive recovery in 2023 by rallying up to 56.1% as of September 10th.<\/p>\n

In the early months of 2023, BTC was already performing quite well. However, in March, the leading cryptocurrency experienced a resurgence in gains when the government ensured that depositors at Silicon Valley Bank would have full access to their funds despite the bank\u2019s failure. This decision by the federal government not only restored confidence in cryptocurrencies but also strengthened trust in the banking sector as a whole.<\/p>\n

In terms of profitability, crypto has been leading all asset classes this year. The overall market rebound and growing skepticism toward traditional financial institutions have contributed to increased confidence in assets like Bitcoin. Bitcoin emerged as a response to both the global financial crisis and subsequent bank bailouts, which eroded public trust.<\/p>\n

>> Get Started With Bitcoin >><\/strong><\/a><\/p>\n

Ether<\/a> (ETH)<\/h3>\n
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Ranked second in terms of market capitalization is Ether<\/strong><\/a>, the native token of the widely utilized Ethereum blockchain. Commonly referred to as Ethereum, ETH currently holds a market cap of approximately $190 billion and represents about 19% of the overall cryptocurrency market.\u00a0<\/p>\n

Diverging from Bitcoin, which primarily serves as a speculative asset and store of value, Ether\u2019s underlying network offers much more than just peer-to-peer payment capabilities.\u00a0<\/p>\n

The Ethereum blockchain is purposefully designed to facilitate smart contracts, decentralized finance tools, Web 3.0 applications, and the trading of non-fungible tokens (NFTs). Ether possesses inherent utility due to its status as a native token within an immensely popular network.\u00a0<\/p>\n

Ethereum\u2019s transition from the energy-intensive proof-of-work protocol to the significantly more efficient proof-of-stake system positions it advantageously against BTC in an increasingly environmentally conscious society. As of September 10th, 2023, alone, ETH has experienced a notable increase of 35.1%.<\/p>\n

>> Get Started With Ether >><\/strong><\/a><\/p>\n

Avalanche<\/a> (AVAX)<\/h3>\n
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When engaging in cryptocurrency investments, investors must recognize that Bitcoin and Ether hold a distinct position compared to other cryptocurrencies. AVAX<\/strong><\/a> <\/strong>and the alternative coins listed here carry higher levels of risk, which investors should consider when making decisions.\u00a0<\/p>\n

This disparity in quality has been evident throughout 2023, with BTC and ETH performing well while the rest of the market has struggled to keep pace. It\u2019s important to view AVAX and the other mentioned coins as purely speculative bets.<\/p>\n

The AVAX token on the Avalanche network deserves attention due to the ambitious objectives set by the Avalanche blockchain. The feature of subnets on Avalanche enables users to deploy their own mini-blockchains on top of its network. Ava Labs, as a developer, envisions a future where numerous mainstream commercial entities and even individuals will seek their own blockchains.\u00a0<\/p>\n

In this scenario, Avalanche subnets provide an advantageous solution for such needs. If this vision becomes reality, AVAX could potentially emerge as a successful long-term investment after experiencing a significant decline of 90% during bear market conditions in 2022. As of September 10th, AVAX has recorded a decrease of 13.1%.<\/p>\n

>> Get Started With Avalanche >><\/strong><\/a><\/p>\n

Polygon<\/a> (MATIC)<\/h3>\n
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With a market capitalization of approximately $4.7 billion, MATIC now stands as the 11th-largest cryptocurrency (excluding stablecoins).\u00a0<\/p>\n

However, it still represents less than 1% of the total market size, leaving ample room for growth for Polygon<\/strong><\/a>. The success of Polygon\u2019s future is closely tied to the acceptance and continued usage of the Ethereum network.\u00a0<\/p>\n

As a scaling platform, Polygon aims to enhance Ethereum\u2019s capabilities and enable it to support an unlimited number of decentralized applications (dApps).<\/p>\n

Similar to most other tokens, MATIC experienced a decline in value throughout 2022, losing 70% over the year. Initially benefiting from the overall recovery in crypto prices until early June, MATIC saw a temporary increase of around 20%.\u00a0<\/p>\n

Unfortunately, this boost was short-lived due to a lawsuit filed by Coinbase Global Inc., alleging that MATIC and several other altcoins were operating as unregistered securities. As a result, MATIC suffered from negative sentiment surrounding this news and has since declined by 31% year-to-date as of September 10th.<\/p>\n

>> Get Started With Polygon >><\/strong><\/a><\/p>\n

Cardano<\/a> (ADA)<\/h3>\n
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Cardano<\/strong><\/a>, a proof-of-stake blockchain founded in 2017 by Charles Hoskinson, co-founder of Ethereum, stands out as one of the largest blockchains successfully implementing a more energy-efficient protocol. Its primary objective is to establish an ecosystem that\u2019s developer-friendly for decentralized applications (dApps).<\/p>\n

In contrast to Ethereum, Cardano has set a limit on the maximum number of coins it will ever produce, capping it at 45 billion. Fortunately for investors, approximately 35 billion, or roughly 78% of this supply, is already in circulation. This means that the potential dilution remaining is both quantifiable and relatively constrained.<\/p>\n

Among the top cryptocurrencies worth considering today, Cardano experienced an 81% decline in value in 2022 but has maintained stability throughout most of 2023. As of September 10th, it has achieved a modest year-to-date gain of just over 1%.<\/p>\n

Excluding stablecoins from consideration, Cardano currently holds the fifth position based on market capitalization among all cryptocurrencies, with an estimated valuation standing at around $8.6 billion.<\/p>\n

>> Get Started With Cardano >><\/strong><\/a><\/p>\n

Cosmos<\/a> (ATOM)<\/h3>\n
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The Cosmos<\/strong><\/a> <\/strong>Hub blockchain\u2019s native token, ATOM, holds the least value in terms of market capitalization.<\/p>\n

Beyond its role in securing the network, ATOM also functions as a governance token, granting holders influence over the future development of the Cosmos ecosystem. One challenge faced by the emerging cryptocurrency industry is its multitude of independent blockchains.<\/p>\n

Cosmos seeks to address this issue by simplifying inter-blockchain communication, making it quicker and more cost-effective. The ultimate goal of Cosmos is to enhance accessibility to blockchain technology for both developers and end-users.\u00a0<\/p>\n

This could prove beneficial if blockchain technology becomes as widely adopted as some optimistic individuals anticipate.<\/p>\n

Currently valued at approximately $2.3 billion, ATOM experienced a 71% decline during the bear market of 2022. Unfortunately, things haven\u2019t been favorable for speculative investors in ATOM coin throughout 2023 either, with prices dropping by 28.7% until September 10th.<\/p>\n

>> Get Started With Cosmos >><\/strong><\/a><\/p>\n