3 Cryptos to Buy for the Next Bull Run: These digital currencies could help investors make money in the next big market rise.
- Solana (SOL-USD): Its value has jumped a lot, which looks good for the next big market upswing.
- Cardano (ADA-USD): New improvements and ongoing project additions make investors hopeful.
- Time (TIME-USD): Experts expect a big increase in the Web3 job market in 2024, making this digital currency one to keep an eye on.
At the start of 2024, the Bitcoin ETF got approved. The price of Bitcoin has doubled since last year’s start, and other cryptocurrencies are getting ready for a huge increase in value. The cryptocurrency market has received investments worth billions of dollars. Investors have a wide variety of cryptocurrencies to pick from. For those wanting to make their research easier, here are three good cryptocurrencies to think about. These can get you ready for the upcoming growth phase.
Solana (SOL-USD)
Solana (SOL-USD) quickly went up by more than 100% in value last year. At the start of 2023, it looked like it wouldn’t reach $30, but recently, its price went over $100 for each coin. This surpassed its record high from 2021, making people very hopeful for its future. With a total value of around $45 billion, Solana is now the fifth most valuable cryptocurrency in the world.
A 340% increase in value from one year to the next made some investors doubt that it would grow that fast again in 2024. But with a strong market trend coming, SOL is a good choice for a list of cryptocurrencies to buy.
This basic blockchain is flexible and adaptable. It allows for decentralized apps, smart contracts, and digital collectibles. Also, sending money costs roughly $0.00025. These benefits have led to predictions that its value will go up 50 times in one year.
SOL did well in the crypto happenings of 2023. It wasn’t hurt by the FTX scandal, and the court’s decision about XRP actually helped it. Because SOL’s value responded well to market shifts, it has become the top-performing major cryptocurrency lately.
Solana is doing well because it has great technology. It can handle over 50,000 transactions every second, which is faster than its rivals, and it doesn’t charge as much for transaction fees. Because of these benefits, for a while, Solana’s Jupiter had more daily trades than Uniswap on Ethereum.
Cardano (ADA-USD)
Since 2017, people who like cryptocurrency have started trusting Cardano (ADA-USD) more because it works well and is reliable. People have noticed this, and its value has gone up to $18 billion. Because you can make smart contracts and dApps that can be checked for accuracy, the project has become more profitable.
Cardano is working on improving its technology to stay popular for buyers. The latest update, ClientLab version 0.5.1, highlights its growth. This update makes it easier to use QuickTX for managing transactions and lets users add DReps, thanks to Conway Era support.
They can make plans, give others power, and vote in their accounts. Cardano started eight new projects and is getting bigger. The community likes what it offers. The proof is in the platform’s numbers. ADA users made over 4 million transactions in December and January. There are 17 more projects coming from Cardano. When these projects are released, the value of ADA might go up.
The increase in price at the end of 2023 made people hopeful again that Cardano’s value would go up. Some experts think the way the currency is acting now is similar to how it did in the 2020 increase. If things happen like they did before, Cardano might have a steady period until April 2024. Then, its value could go higher than it ever was in 2021. This rise could make investors very wealthy, with the price of the cryptocurrency possibly reaching around $8.
Time (TIME-USD)
The Web 3.0 market is expected to grow to $5.5 billion by 2030, and there’s a growing need for skilled workers in this area among large tech companies. Chrono.Tech (TIME-USD) is the first company to address this demand by providing a better option than UpWork. This platform was started by an Australian entrepreneur named Sergei Sergienko and quickly became a big player in the job market. Now, it’s used by more than 100,000 freelancers and 2,000 companies, including big names like Gate.io, Rarible (RARI-USD), and 1inch (1INCH-USD).
This product is new because it uses digital contracts to make finding jobs and hiring, as well as the agreement details like payment, deadlines, and goals, automatic and stored on the blockchain. It also keeps money safe by using digital escrow, which means the money is locked away when the contract starts and only given out when the work is approved.
In 2024, Chrono.Tech wants to start paying their full-time workers with digital money using smart contracts. This could really boost the company’s value. Workers will get paid automatically, whether every hour, day, week, or month. Experts think the online job market will grow a lot in 2024, making TIME an important company to keep an eye on.
Experts expect a big increase in Web3 jobs in 2024, making TIME companies exciting to follow this year.
When this article was published, Julia Magas did not own any shares in the companies talked about. The views in this article are the writer’s own, following the rules of InvestorPlace.com.
Julia Magas writes about new developments in finance and technology. You can find her articles in financial news sources like Nasdaq, Cointelegraph, Investing, SeekingAlpha, FXEmpire, and Beincrypto. She mainly writes about digital currencies and blockchain, looking at how they perform in the market, new changes, and trends.
Disclaimer: The information on this website isn’t meant to be taken as advice for investing money. Investing involves uncertainty, and there’s a chance you could lose your money when you invest.
