The bulls are back in the crypto market and in full force this time. With sentiments turning bullish and experts predicting new all-time highs for the market, many investors are scrambling to identify the best coins to invest in for massive returns.
Several cryptos are already looking bullish, with the likes of Pepe surging to a new ATH. However, we have put together a list of five coins that have the potential to yield the biggest gains by the end of this bull cycle.
Best Cryptos To Buy for Massive Profit in 2024
Based on the potential shown by DTX Exchange (DTX), Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and Filecoin (FIL), they have the potential to outperform the rest of the crypto market in 2024. However, Let’s find out how much gains to expect from these top 5 cryptocurrencies this year.
1. The Next Gen Exchange Leader, DTX Exchange (DTX) Targets $2
The crypto exchange space is a very competitive market but has a new entrant, DTX Exchange (DTX), promising to transform its operations. While most exchanges offer solely cryptocurrencies, DTX Exchange offers over 120,000 assets, cutting across the stocks, bonds, forex, and commodities markets.
That’s not all. This new DeFi project is a hybrid of both centralized and decentralized exchanges. This means DTX users benefit from zero commissions, lightning-fast trades, a smooth UI, and complete custody of digital assets. DTX also has one of the easiest registration processes, minimizing the KYC requirements to get started.
In trading, DTX Exchange provides higher-level trading options and a lot of investment tools designed with the goal of enabling users to gain more profits. This range of features makes DTX Exchange stand out from most of the exchanges and sets DTX up to be a massive hit in the year 2024.
The native token of the platform is DTX, and it has already seen a 100% increase and reached $0.04 in its second presale stage. Since the chances of the exchange platform gaining massive adoption are high, experts have set a target of $2 for DTX this year. If you need more reasons to join DTX now, the team behind the project has just announced a $1 million giveaway, one of the biggest by a crypto ICO project.
2. Standard Chartered Updates Ethereum (ETH) Target To $8,000
With hopes for the approval of spot Ethereum (ETH) ETFs at an all-time high, banking giant Standard Chartered has updated its expectations for ETH. Standard Chartered believes the U.S. SEC approval for the first round of spot Ethereum ETFs will spark a major uptrend.
Geoff Kendrick, Standard Chartered’s Head of Digital Assets Research, in a recent interview, stated that the price of Ethereum could surge above $8,000 this year. Previous predictions set an ATH of $14,000 for ETH in this current bull cycle, which is expected to run until 2025.
3. Dogecoin (DOGE) Closes in on Historic Rally
Dogecoin (DOGE) might have been moving under the radar, but analysts expect it to end this year as one of the best altcoins. As noted by Kaleo, the top analyst, Dogecoin has developed the same pattern that caused the giant price surge of 2021.
Kaleo says that DOGE is due for a good pump and that “it is almost time.” If this bull pattern is to play out, the price of DOGE can go up from the range that it is currently at $0. It was $1.70 in 2000 and has escalated to as much as $3 this year.
4. Odds of Solana (SOL) Being the Next To Get An ETF Fuels Rally
With Ethereum preparing to welcome spot ETFs, the Solana (SOL) community expects the altcoin to be next in line. Several top analysts also feel that ETH’s approval could greatly benefit Solana this year.
A top analyst, Gumshoe, said that the approval of spot ETH ETF approval is “more bullish for SOL than ETH.” According to the calculated Solana price prediction from Immortal, SOL might rise to $360 by September, which would become a new ATH.
5. Rising Adoption To Fuel Filecoin (FIL) 2024 Rally
The decentralized storage network Filecoin (FIL) has been gaining momentum this year. Already, more than 3,000 storage providers have become members of the Filecoin network. Crypto EternalAI became the latest project to tap Filecoin’s storage.
The growing adoption of its storage network, which has been forecasted to keep rising, is a plus for FIL. The Filecoin price has been ranging between $6.0 to $6.5, but analysts expect FIL to peak above $15 this year, making it a top cryptocurrency to buy.
Which Coin Will End the Year on Top
With Ethereum’s ETF on the way, the price of ETH could go off the roof. Solana is one of the top altcoins that will benefit from the approval, potentially doubling its price by September. However, DTX, with its revolutionary new exchange platform has been forecasted to rise by more than 50x, bigger gains than Dogecoin and Filecoin can pull off this year.
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