Crypto: Five nuggets to follow in 2024

2024 is shaping up to be a pivotal year for several major digital assets. Among them, Ripple’s XRP, Cardano’s ADA, and other innovative cryptos like Polygon and Fantom stand out for their growth potential and technological advancements.

First the cryptos XRP and ADA

Ripple’s native crypto, XRP is already particularly popular. In particular, because of its design focused on fast and secure international financial transactions, with very fast execution times. In 2024, the asset could attract more attention. This, by building on what makes it strong, namely the possibility of making global payments at low cost, in a stable and secure manner. Its market capitalization is around $31 billion, with XRP trading at $0.54. Which makes it attractive in 2024.

When Cardano’s ADA, it positions itself as a crypto offering a more secure, scalable and sustainable solution than its counterparts. Relying on advanced blockchain technology, ADA stands out from others by the proof of work (PoS) that supports it. Furthermore, its interoperable design facilitates the implementation of complex blockchain solutions. With growing adoption in blockchain projects and a global community of developers, Cardano, the issuer of this crypto, promotes continuous development and innovation. Therefore, it is not excluded that in 2024, the ADA will be from the rank of cryptos that are soaring any further. It is currently worth $0.49 presenting itself as an attractive crypto option for users.

Next, Polygon, Fantom (FTM), The Sandbox (SAND)

Regarding Polygon (MATIC), you should know that the crypto experienced a meteoric rise in 2021, with growth of more than 6,000% between mid-2020 and mid-2021. A dynamic followed by a remarkable increase of nearly 1,600% over the year 2021.

Despite a drop of more than 69% in 2022, the MATIC crypto rebounded in 2023 with a gain of more than 28%, going from $0.76 to $0.97. This exposes it to a potential surge in 2024. In any case, the Polygon blockchain competes with Solana, using proof of stake (PoS) to solve scalability challenges. Polygon occupies the 15th position in the market. It has lost more than 12% since the start of the year despite its 7,000 transactions per second and an active address base of almost 3.5 million.

As for Fantom (FTM), focused on decentralized finance (DeFi), it gained more than 153% in 2023, going from $0.19 to $0.50. Currently ranked 62nd, the crypto has lost more than 17% since the start of the year but could rebound.

As for The Sandbox (SAND), linked to the metaverse, it increased by more than 50% in 2023, going from 0.38 to 0.57 dollars. Ranked 64th, the crypto has lost more than 14% since the start of the year. Despite risks related to the metaverse, the asset enjoys a strong position in DeFi, attracting brands like Adidas and Ubisoft. Its growth potential in 2024 is therefore somewhat certain.

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