After experiencing a disappointing bear market between 2022 and 2023, the crypto market has let out a sigh of relief in 2024. Thanks to the rising prices of altcoins across the board, investor confidence and market liquidity is rising, prompting investors to pump additional capital into the market.
As we head into the second quarter of 2024, all eyes are on promising altcoins like Solana (SOL), Binance Coin (BNB) and NFT Finance (NFTFN). Crypto pundits speculate that BNB, SOL and NFTFN will be among the top gainers of 2024 and reach sky-high valuations by next year.
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Binance Coin (BNB)
BNB’s deep integration with the massive Binance ecosystem is directly tied to the altcoin’s performance. Within the ecosystem BNB has various applications, including access to launchpads, discounts on trading fees and payment for services. Binance Exchange’s huge user base is also a core driver of BNB’s value and potential.
As one of the top five cryptocurrencies in the world’ widespread adoption of cryptocurrencies and proper regulation by authorities will have a positive impact on BNB’s price. Apart from benefitting from a bull market, BNB’s value will also increase with the regularly scheduled token burns. To that end, crypto pundits are speculating that BNB could go from $578 to $1,000 by next year.
NFT Finance (NFTFN)
NFTFN is a leading web3 fintech project that addresses the various challenges surrounding the NFT market. SuperNova, its flagship offering, provides exposure to premium NFT collections like BAYC, Azuki and Doodles, without requiring traders to own the NFTs themselves. The project is backed by Polygon, Chingari and Dapps among several others.
With the NFT market projected to reach $230 billion by 2030, an NFT-centric altcoin like NFTFN can reach as high as $5 by next year. NFTFN is currently in the second stage of its presale, where investors are lining up to buy it for just $0.03. Investors who participated in the first round of presale have already made a 20% return on paper.
Solana (SOL)
As the native token of the Solana blockchain, SOL has emerged as a top contender among high-performance blockchains threatening the likes of Ethereum. Boasting high-speed transactions and enhanced scalability, Solana has garnered the attention of developers and consumers alike.
Solana’s ecosystem is a major source of SOL’s value. Apart from having an active developer community and network of decentralized applications (dApps), this ecosystem has also paved the way for popular memecoins like DogwiFHAT (WIF) and Bonk (BONK). To that end, crypto analysts speculate that SOL can reach as high as $500 by 2025.
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