The cryptocurrency market is currently experiencing a significant surge, with Bitcoin leading the way. The largest cryptocurrency by market capitalization surpassed the $63,000 mark for the first time since November 2021, driven by a surge in trading volume in spot Bitcoin ETFs and optimism about the upcoming halving. This event, expected to occur in April, will reduce the supply of new Bitcoins per block, thereby increasing the scarcity of the asset. The rise in Bitcoin's price has had a blockchain reaction across the cryptocurrency market, pushing its market capitalization past $2 trillion for the first time since April 2022. This recovery is not only reflected in Bitcoin’s price, but also in the crypto’s performance. Related stocks such as Coinbase, Riot Blockchain and Microstrategy have all hit new year-to-date highs.
Even in today’s lucrative market conditions, some people can’t get over the fact that they missed out on Bitcoin’s massive surge. Don’t worry, based on what we know about the current cryptocurrency market, you can match or even exceed these returns if you choose the right altcoins. We will mention several potential coins that are very important for the future of crypto.
1: OP
Optimism (OP) has seen a significant resurgence recently, with the Optimism (OP) token at the end of 2023 There is a rebound. This resurgence is attributed to increased network usage following the hosting of the Worldcoin (WLD) privacy token, which facilitates daily transactions. The platform’s focus on decentralization and reducing transaction costs has been beneficial: by early 2024, nearly 90% of OP holders had benefited from their investment.
The Optimistic (OP) price forecast is bullish, predicting a possible rise to $10.62 next year. Various predictions for 2024 range from $4.48 to $7.59, indicating a bullish outlook for the coin. This optimism is supported by the platform’s growing adoption and the expected positive impact of Ethereum’s upcoming upgrade to layer 2 solutions.
2.STRK
##Starknet (STRK) Total Value Locked (TVL) for one week It rose 194%, indicating that market confidence has been restored despite recent controversies. This impressive growth since mainnet launch makes Starknet (STRK) a powerful layer 2 solution. However, the team’s accusations of token dumping have cast a pall over the current price performance.
The price of Starknet (STRK) is under pressure and could fall further unless Ethereum rebounds significantly. Development activity on the platform has declined, which could be interpreted as a bearish signal. However, the increase in the supply of stablecoins owned by whales suggests there may be enough purchasing power to support a price rebound.
##Future Price Updates for Starknet (STRK) May be affected by token unlocking schedule and Ethereum performance. While an increase in TVL is a positive sign, the platform needs to overcome recent negative sentiment and stabilize its token economy to ensure long-term growth.
3.ARB
The above is the detailed content of Missed the breaking out altcoin? 50x buy on three cryptocurrencies before the big bull market breaks out!. For more information, please follow other related articles on the PHP Chinese website!