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Cryptocurrency News Articles
The 5 Most Promising Cryptos of 2024: Bitcoin, Ethereum, Polygon, Avalanche, and Cosmos
Jan 09, 2025 at 12:05 am
In 2024, Coinhouse identified five promising cryptos: Bitcoin, Ethereum, Polygon, Avalanche, and Cosmos. As the year comes to an end, it is time to
In 2024, Coinhouse highlighted five promising cryptos: Bitcoin, Ethereum, Polygon, Avalanche, and Cosmos. As the year comes to an end, it is time to evaluate their performances and look forward to 2025 to understand the future prospects of these digital assets.
According to Coinhouse, these 5 cryptos were well positioned to be the most promising in 2024. What is the reality and what does 2025 hold?
Bitcoin (BTC)
Two key elements were expected to propel Bitcoin in 2024: the approval of Bitcoin ETFs and the Bitcoin Halving 2024. These factors were supposed to boost demand and reduce supply, significantly increasing the value of BTC. A forecast that proved to be accurate as Bitcoin even exceeded expectations, reaching an all-time high of $105,000 in December 2024. For 2025, the leading crypto could fluctuate between $75,500 and $150,000, with bullish potential up to $180,000.
Several factors were expected to trigger a bull run for Ethereum in 2024, according to forecasts. Firstly, the opening to DApps, then the approval of Ethereum ETFs, and finally major updates like Shanghai. These factors were intended to significantly enhance the adoption and value of ETH, helping the crypto to take off. Ethereum indeed kept these promises, reaching $4,001 in December 2024! ETH could continue to rise in 2025, projected to be between $3,105 and $5,701, with bullish potential reaching $5,888.
Polygon (MATIC)
The essential role of Polygon as a layer 2 solution for Ethereum, the availability of Polygon 2.0, and the migration of MATIC to POL, are factors expected to propel Polygon in 2024. Coinhouse analysts were correct, as Polygon indeed reached a peak of $1.28 in April 2024, before dropping sharply just after. The crypto currently sits around $0.61 with predictions ranging from $1.50 to $2.00 in 2025.
Avalanche (AVAX)
For Avalanche to explode in 2024, several elements had to come together: the high performance of its platform for smart contracts, its turnkey technology for tokenizing real-world assets (RWA), and the arrival of registrations on its platform. These various elements were expected to foster the adoption of AVAX and significantly increase its value. This has indeed been the case, as the crypto’s price increased by 23.18% this year, and by 46.84% in the last month. With a current price of $47.14, Avalanche could reach between $62 and $100 in 2025, due to increased adoption of decentralized applications.
Cosmos (ATOM)
According to Coinhouse, here are the factors that would favor a spike in Cosmos in 2024: its high-quality layer 0 project with solid technological foundations, interoperability between blockchains, its more attractive platform, and the governance proposal 848 to increase the price of Cosmos’ stock. These factors boosted Cosmos (ATOM), which reached $8.48 in December 2024, with a 60% increase in a month. A rise that could continue in 2025, where the ATOM crypto could reach between $10 and $15.
Bitcoin, Ethereum, Polygon, Avalanche, and Cosmos were undoubtedly the most promising cryptos in 2024. In view of the various predictions, these same cryptocurrencies could once again offer high returns to investors in 2025. However, knowing which assets to invest in is one thing, but choosing the right crypto platform is crucial.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Nasdaq ISE Proposes Increasing Position and Exercise Limits for iShares Bitcoin Trust ETF (IBIT) Options
- Jan 09, 2025 at 05:25 pm
- The Nasdaq ISE is an options exchange owned by Nasdaq. This has filed a proposed rule change with the U.S. The Securities and Exchange Commission increased the position and exercise limits for options of the iShares Bitcoin Trust ETF (IBIT) from 25,000 contracts to 250,000.
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- Forget Bitcoin (BTC) and Ethereum (ETH) – Lightchain AI Could Skyrocket Your Crypto Portfolio!
- Jan 09, 2025 at 05:25 pm
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- Bitcoin and Ethereum Consolidate as Altcoins Outperform with Strong Gains
- Jan 09, 2025 at 05:25 pm
- Bitcoin is holding just below $97,000, while Ethereum has dipped back under $3,400. Despite these minor pullbacks, the first week of January has been largely bullish for the cryptocurrency market, recovering from the fade seen at the end of 2024.
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- XRP Poised to Surge 40% as Shifting Regulatory Tides in the U.S. and Favorable Price Action Set the Stage
- Jan 09, 2025 at 05:25 pm
- Since hitting highs near $2.9 in early December, payments-focused cryptocurrency XRP has lost steam to carve out what is known as a "descending triangle" pattern in technical analysis.