5 Underrated Crypto To Buy For 2024 Bull Run: SUI, BTC, MANTA, DMY, ETH
Crypto to buy for the anticipated 2024 bull run is drawing investor attention, with Sui, Bitcoin, Manta Network, Dymension, and Ethereum leading the pack. These digital assets showcase remarkable performances but embody the innovative edge that defines the rapidly evolving decentralized finance (DeFi) sector.
Sui (SUI)
Sui, a revolutionary Layer 1 blockchain and smart contract platform, has made its mark by prioritizing speedy, private, secure, and universally accessible digital asset management. Within just a year, it has climbed into the elite circle of the top 10 DeFi networks. This ascent highlights Sui price significant impact on the fast-paced world of decentralized finance, establishing it as a prime candidate for investment.
Gaining traction for its efficient blockchain solutions in TVL, Sui has experienced a notable increase in value, with its price reaching $1.55. This represents a surge of over 2%, signaling a strong buy indicator in the market. Such momentum underscores the growing confidence in Sui as a leading altcoin.
Bitcoin (BTC)
Meanwhile, Bitcoin remains the quintessential digital currency, facilitating direct transactions between users without the need for intermediaries. Its recent achievements include the unprecedented success of ETFs launched by BlackRock and Fidelity, making history as the best ETF debut in three decades. With a Bitcoin halving event on the horizon, Bitcoin is posited as an attractive investment.
Recently, Bitcoin surpassed the $45,000 threshold for the first time since mid-January, trading at $47,020. This resurgence has rekindled investor enthusiasm, with some market participants now eyeing the $51,000 mark as the next target for BTC price. This optimism reflects the growing bullish sentiment in the cryptocurrency market.
Manta Network (MANTA)
Manta Network emerges as a pivotal ecosystem within the web3 domain, offering a platform where users can effortlessly create and roll out decentralized applications built on Solidity. This network distinguishes itself by providing transaction speeds that outpace traditional Layer 1 protocols while undercutting the gas fees associated with Layer 2 solutions.
Its rising adoption is notably marked by the network’s Total Value Locked (TVL) exceeding $429 million as of February 4, positioning MANTA as a premier altcoin for potential investors. At the time of writing, Manta Network is trading at $2.79, with a 24-hour increase of 0.2%.
Dymension (DYM)
In parallel, the blockchain innovation hub, Dymension, has seen its native cryptocurrency, DYM, double in price recently. The current trading price of Dymension price stands at $7.56, reflecting a significant upswing. This price increase aligns with the launch of Dymension’s mainnet and an expansive $390 million DYM token airdrop, drawing considerable interest from the crypto community.
Furthermore, the enthusiasm surrounding Dymension and its DYM token has been bolstered by its mainnet going live on February 5. Since this event, Dymension’s valuation has maintained a bullish trend, notably breaking past the upper limit of an ascending parallel channel. This development highlights Dymension as a compelling investment opportunity in the cryptocurrency market.
Ethereum (ETH)
Ethereum’s recent activity on the daily chart showcases a positive trend, with its value climbing within an ascending channel over the last day. This blockchain platform, known for its decentralized nature and proprietary cryptocurrency, is on the brink of significant developments. With an Ethereum ETF set to launch in May and the much-anticipated Dencun upgrade scheduled for March 13 on the mainnet, optimism is high among investors, who anticipate further gains.
As the Ether community awaits the Dencun upgrade, there’s a buzz around the potential push towards the $3,000 mark. In addition, the introduction of a new Hybrid Token-NFT Standard, ERC-404, by Ethereum developers adds to the positive sentiment. Ethereum has successfully breached the $2,500 resistance level and is trading at $2,486. This represents a 4% increase in the last 24 hours, signaling a bullish momentum in the market.
Bottom Line
As the 2024 bull run approaches, SUI, BTC, MANTRA, DYM, and ETH are positioned as the premier cryptocurrencies for investors seeking to leverage the growth potential of the DeFi sector. Their innovative solutions, successful strategic moves, and growing adoption underscore the vibrant prospects of investing in digital currencies. Looking ahead, these altcoins are expected to spearhead the market, providing exciting opportunities for forward-thinking investors.
Read also
- Ethereum Dencun Mainnet Upgrade: ETH Breaks $2,500 As Geth Releases Crucial Update
- Bitcoin ETF Witness $405 Mln Inflow Amid BTC Price Rally To $48K
- Ripple Reveals Shift In XRP Sales Strategy Before July Win Against SEC
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