Analysts earmark 4 coins set for gains in 2024
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The stock market and cryptocurrencies are both doing well, with cryptos expected to do even better by the end of the year. Some experts say digital assets will have a big year, with four coins possibly outperforming the rest.
Galaxy Fox is leading the way
Galaxy Fox (GFOX) is popular among investors as it blends meme coin culture and a game where you can earn money.
GFOX is also deflationary with an active burn mechanism.
The platform’s tax system plays a vital role in growth.
Since GFOX is a utility, the more people play the game, the more the demand. This may lift prices in the future.
Bitcoin’s expected supply shock
Bitcoin is popular, acting as a store value.
With the upcoming halving event in April, investors are exploring the coin.
Some experts expect the coin to soar in the future, making it out of reach for ordinary people.
Solana is a high-throughput, low-latency blockchain
Solana is recovering, emerging as a tough competitor for Ethereum.
The platform is known for its low latency and faster transaction processing, drawing retail investors.
Solana’s metrics, such as overtaking Ethereum’s 24-hour trading volume and Jupiter (JUP) outpacing Uniswap’s (UNI) volume, have proven bullish for SOL.
Chainlink is joining TradFi and defi
Chainlink (LINK) is a critical player in defi, acting as an oracle network, connecting smart contracts with tamper-proof data.
Recently, Chainlink introduced a new messaging standard called the Cross-Chain Interoperability Protocol (CCIP).
It enables communication between blockchains, and could play a key role in defi and TradFi.
Closing thoughts
The use of digital assets has become more mainstream, but not all have equal potential. Amid this, Galaxy Fox is gradually becoming more popular as more investors explore.
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