4 cryptos to turn: Crypto promises two big things: it can change the way money works around the world with blockchain technology, and it offers a chance to make a lot of money by investing in new digital currencies and Web3 projects.
The earlier promise hasn’t happened yet because teams around the world are still working hard to make it real by making it more scalable, secure, faster, and cheaper.
Many projects have kept going strong even when the cryptocurrency market was doing poorly, like when the meme coin Pepe (PEPE) was successfully launched.
Now, as the crypto world is excited again because of some good news for the industry, it’s time to check out the top four cryptocurrencies to invest in.
Chainlink (LINK)
Chainlink (LINK) has become an important part of Web3 because it offers a service that acts as a bridge between smart contracts and external data, using a system that is not controlled by any single entity.
Chainlink is seen as a key part of many blockchain projects, which means it is likely to remain important in the cryptocurrency world for a long time.
Recently, a lot of people have been excited about the LINK token because its value has been going up for almost four months straight, even though it didn’t change much in January.
Overall, LINK’s value has increased by 160.67% over the past year and has gone up by 35.16% in the last month. However, it has dropped a little, by 0.74%, to a 18.37% increase in the last day of trading.
It needs to reach $20.03 before it can start to increase. If it does, the next goal for LINK is much higher, at $26.87.
Polkadot (DOT)
Polkadot (DOT) is not a new network, but in the last few months, it has become more active. It is trying hard to improve its system to become the favorite platform for projects involving non-fungible tokens (NFTs) and Web3 gaming. It also set a new record for how fast it can create NFTs.
A special team is working on Polkadot’s first funny or joke-themed digital currency called DED. This could really help DOT, the main currency of Polkadot, because there won’t be any early sales or special amounts given to the team. Instead, everyone who already has DOT will get the new funny currency for free through something called an airdrop.
Even though the value of DOT went up during the last part of 2023 because of an increase in cryptocurrency prices, it has mostly been losing value in the past few weeks. Its price went down by 6.66% in the last month, but it did go up a little, by 0.87%, in the last day, reaching $6.73.
Solana (SOL)
Recently, Solana (SOL) has been a big topic of conversation among cryptocurrency investors.
In early February, it got $2 billion in one day. In January, the amount of its transactions went over $1 trillion for the first time in many years. Lastly, in December, the cryptocurrency that is often called a competitor to Ethereum (ETH) had more NFT sales than ETH.
The special chance to make money from freebies related to Solana’s Saga smartphone really helped it do well last year. Since the first set is all gone, Solana said they will soon offer a new one.
SOL’s price has been doing well too. Even though it dropped from its highest yearly price of $121 in late December, it has still gone up by 308.49% over the last year, increased by 0.17% in the past 30 days, and risen by 1.61% in the last 24 hours. This is all despite SOL having a 5-hour service interruption on February 6.
Ethereum (ETH)
Since we mentioned something called an ‘ETH-killer,’ we should definitely talk about Ethereum too. Ethereum is the second biggest cryptocurrency and it has been doing pretty good recently. It even did well during the increase in value that Bitcoin caused in the last three months of 2023.
In the past year, its value went up by 41.94%, and since the start of January, it has increased slightly by 0.78%, unlike Bitcoin. Right now, Ethereum’s price is $2,370.94, having gone up by 2.17% in the last day.
Also, Ethereum is likely to grow because of its improvements and the positive effect of the Bitcoin halving. Plus, there’s a good chance that a special Ethereum investment fund will be approved soon, which could really make its value jump.
People are feeling more hopeful because, after waiting for many years and having many applications turned down, the SEC finally approved the first group of spot BTC ETFs less than a month ago. This shows that the regulators are starting to change their mind.
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.
