Given the volatility and twists and turns of the market in 2023, it’s difficult to make a 100% accurate price prediction of any crypto in 2024. Yet, looking at trends and the performance of the best altcoins is always the right move to understand where the market as a whole is headed, in general.
Today, we’ll look at the five most ‘headlined’ cryptos of the current market and discuss their possible development scenarios in 2024.
Will $GFOX Rank Among the Top 3 Meme Coins in 2024?
Galaxy Fox is quickly becoming a hot topic in the crypto community, especially among meme coin enthusiasts. It has all the ‘ingredients’ to become one of the top three meme coins in 2024 – gaming, DeFi, NFTs, deflationary tokenomics, and an audited and verified protocol.
Galaxy Fox is a refreshing take on the traditional crypto experience. Here, players take on the role of digital foxes, compete in running contests, and have a chance to win real-life prizes.
Also, besides using a transaction fee to fund different financial pools, the project burns tokens as part of its deflationary approach. This ensures that the project remains valuable and has the power to hedge against bearish trends over time.
Galaxy Fox’s highly profitable staking mechanism is another distinguishing feature. Those who hold their $GFOX tokens longer get higher rewards from the Stargate reward pool, which is backed by continuous transaction fees.
With such a reward-oriented, sustainable ecosystem, Galaxy Fox was able to raise about $2 million during its presale period. Notably, during this rapid sell-off, the price of $GFOX surged by over 130%.
Its full launch is getting closer, and the $GFOX price is planned to reach $0.002904 by the time it goes live. This means that $GFOX will surely draw even more attention and rank among the best meme coins to buy in 2024.
Solana Maintains Phenomenal Growth
Solana, one of the best altcoins in the current market, is about to experience huge growth in 2024, as the investment experts at VanEck predict. They expect Solana to surpass Ethereum in terms of market capitalization, total value locked (TVL), and even user count, mainly due to its more straightforward approach to scalability.
The fact that Solana is now in fourth place in the market cap shows that its platform is becoming more popular. VanEck also expects Solana to enter the U.S. market for ETFs, joining $BTC and $ETH in this space.
The price of $SOL has increased by nearly 50% in just one week and is now standing at around $110. This increase is consistent with growing investor interest and aligns with VanEck’s bullish forecasts for the crypto in the upcoming year.
If Solana manages to become the third-largest altcoin by market cap, we might see it surpassing the $200 mark and getting closer to its ATH of $258.
Are We Seeing a $BNB Comeback?
With both CZ and Binance now seemingly past the worst of the storm in terms of their legal troubles, $BNB is now clearly on the road to recovery. The exchange token’s price, which just hit $300, indicates that the market has stabilized and that investors are feeling more confident than ever about its future.
With Binance remaining a top crypto exchange and its blockchain gaining popularity, $BNB’s utility token role is also growing.
$BNB currently ranks 5th among the top 10 altcoins, coming right after Solana. According to market experts, $BNB is on its path to breaking the $350 mark.
Bitcoin Price Prediction in 2024
Forecasts for 2024 indicate that the price of Bitcoin could surpass $150,000. Many important factors have contributed to this prediction.
One important consideration is the cyclical nature of Bitcoin price movements in relation to halving events. In the past, bullish market cycles have occurred around bitcoin halvings, which cut the emission of new bitcoins in half every four years. If history is any indication, the next halving of Bitcoin will take place in April 2024, which might cause its price to skyrocket.
Second, demand for Bitcoin is anticipated to skyrocket in early 2024 due to the potential approval of a Bitcoin spot ETF. The demand for Bitcoin would increase, and its position as a regulated instrument in conventional finance would be further cemented with this approval.
The predicted bull run in Bitcoin prices will be even more enticing if, as predicted, innovations in Layer 2 solutions drastically lower gas fees.
Taken together, these indicators suggest that $BTC prices could easily reach a high of $150,000 to $250,000 in the years 2024 and 2025.
Will $FTT Return in 2024?
The present bankruptcy status of FTX Exchange is expected to end in 2024, when the exchange will most likely restart operations. In the middle of December, the exchange presented its reorganization plan, a huge milestone on the road to recovery.
Notably, the US Securities and Exchange Commission (SEC) is also ready to accept the FTX relaunch as long as it follows all applicable laws.
This possible governmental green light and the involvement of well-known financial figures like Tom Farley, the former NYSE president, have excited people about FTX’s return and $FTT’s growth.
Final Remarks
It was a dramatic year for crypto, full of surprises — many of the best altcoins lost their positions, replaced by newer gems. And 2024 is likely to be even more action-packed. Investors should be ready for these changes and choose their assets wisely.
From this perspective, $GFOX is looking like a solid choice. It provides investors with an excellent opportunity to earn substantial returns via its scheduled presale strategy, which involves a gradual price rise. So, while five more phases are still to come, explore the project further, and don’t let the opportunity of passive gains slip away from you.
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