David Pokima
Crypto assets have gained momentum in recent months following huge institutional inflow into the market. These inflows were ignited in Q2 2023 after BlackRock’s Bitcoin (BTC) spot ETF application that opened the door to more traditional firms desiring a piece of the market leader. As the crypto highs continue, here’s a list of the top five crypto assets to watch out for in 2024.
Bitcoin
It’s no surprise that Bitcoin is an asset to watch out for a bull run in 2024 based on recent performance and future events. From Q4 2023, investors increased their appetite for the market leader pushing the price above $44,000 before the end of the year.
This year, Bitcoin soared to a new all-time high above $72,000 after the approval of ETFs and has dragged the entire crypto market to a bull phase. Bitcoin is an asset keen for more highs due to the upcoming halving event in April. The halving which slashes Bitcoin rewards is historically expected to be a bullish phase for the asset.
Ethereum
Leading altcoin is an crypto asset to watch out for for the rest of the year with key indicators showing signs of growth for the asset. Currently trading at $3,292, analysts opine that ETH remains key in the next bull run.
The reasons range from its staking future attracting institutional eyes, the Dencun upgrade, and potential spot ETF approvals by the Securities and Exchange Commission (SEC).
Solana
Solana (SOL) has had a positive drive since Q3 2023 with the coin recording huge institutional inflows. SOL trades at $171.57 and boasts of a 68% monthly gain although faces a mild correction at the moment.
Last year, Solana spiked 830% turning the tide away from the crypto market crash of 2022 following the fall of Terra’s stablecoin and the subsequent implosion of FTX.
Dogecoin and BOME
Dogecoin (DOGE) and BOOK OF MEME (BOME) are two meme coins with chances to record more gains in 2024, analysts say. DOGE traded under 1% in the last 24 hours due to the general market correction but has made an 80.6 uphill run and a 104% climb over the past year.
On the other hand, BOME is a memecoin with a buzz around social media spaces as Solana memecoin continues to trend. BOME price has surged 4.5> in the last 24 hours and 59.9% in the past seven days.
Read Also: Top Memecoins Record Liquidations Following Wider Market Outflow
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
