The crypto world has always made a double promise for the world. One of these is a revolution in the functioning of global financial systems thanks to the development of Blockchain ecosystems. Another is to earn valuable returns by investing in promising crypto currencies. Crypto expert Andreja Stojanovic looks at the four most promising cryptocurrencies for investing.
The first cryptocurrency: Chainlink (LINK)
Chainlink is an important line of communication between smart contracts and information from the outside world. Therefore, it has proven itself as a valuable element of Web3 ecosystems. It is a valuable component of many Blockchain projects. This leaves Chainlink with valuable staying power in the broader crypto space.
In addition, despite the relative calm in January, it has always seen an uptick for almost exactly four months. For this reason, LINK has witnessed significant enthusiasm in recent weeks. In total, LINK is up 160.67% over the last 52 weeks. Additionally, it increased by 35.16% in the last 30 days. However, on the daily chart, it fell slightly by 0.74% to 18.37. It now needs to pass a key threshold of $20.03 before it rises towards the top. If it achieves this, the next price target for LINK will be $26.87.
LINK 1-year chart.In second place is Polkadot (DOT)
In recent months, Polkadot has been implementing more and more projects. It is actively working to strengthen its ecosystem to become the platform of choice for Non-Fungible Token (NFT) projects and Web3 gaming teams. In this regard, it recently broke a new record for NFT minting rate. A private group is currently working on DED, Polkadot’s first chest coin. It is possible that this coin will provide a valuable reinforcement for DOT. Because all owners of the local token will receive the new chest coin through an airdrop.
Although DOT was caught in the crypto market rally in the last quarter of 2023 and rose above $8 in late December, it has found itself in a strong downtrend in recent weeks. Accordingly, crypto money has decreased by 6.66% in the last 30 days. However, it increased by 0.87% in the last 24 hours and reached $6.73 at the time of writing.
DOT YTD price chart.Solana (SOL) also enters the list
Solana has been giving crypto investors a lot to talk about lately. At the beginning of February, it saw inflows of $2 billion in a single day. In January, transaction volume exceeded the $1 trillion threshold for the first time in years. Finally, in December, the oft-touted Ethereum (ETH) killer surpassed ETH in terms of NFT sales. The relatively unique arbitrage opportunity provided by airdrops tied to Solana’s Saga smartphone also provided a valuable foothold last year. Additionally, with the first batch sold out, Solana announced that it would release a new one soon.
cryptokoin.com As you can follow from , SOL also showed a decent performance on the price side. The cryptocurrency hit a yearly high of $121 in late December. Although it dropped after that, it recorded a 52-week gain of 308.49%. Additionally, it saw a 30-day increase of 0.17%. Although Solana experienced a 5-hour outage on February 6, it increased by 1.61% in the last 24 hours. At the time of writing, SOL was changing hands at 95.45.
LEFT 1-year chart.The last cryptocurrency: Ethereum (ETH)
After talking about an ‘ETH killer’, it would be a shame not to discuss Ethereum itself. The world’s second cryptocurrency has been performing very well over the last few months. In addition, he successfully managed the rally triggered by Bitcoin in the last three months of 2023. It has increased significantly by 41.94% in the last 52 weeks. Additionally, it has been in the green by 0.78% since January 1. At the time of writing, Ethereum was trading at $2,370.94, up 2.17% on a daily basis.
ETH YTD price chart.Additionally, Ethereum is expected to benefit not only from its own upgrades and the upside momentum that Bitcoin’s halving will create. At the same time, the approval of a spot ETH exchange-traded fund (ETF) is on the agenda in the coming months. It is possible that this gives crypto money a chance to really skyrocket.
The opinions and assumptions in the article are those of the expert and are definitely not investment advice. We strongly recommend that you do your own research before investing.
