TLDR: 2024’s Top Crypto Investments: Ethereum, XRP, Phantom, Uniswap, MakerDAO, Hedera, Polygon 2.0, Cardano, Injective, Tron; ETFs, Upgrades, TVL Growth in Focus.
This article is a summary of a You Tube video “TOP 10 CRYPTO COINS TO INVEST IN FOR 2024 (RETIRE EARLY)?” by Altcoin Daily
Key Takeaways:
- Ethereum’s Upcoming Developments: Ethereum is anticipated to have spot ETFs approved by May, following the approval of Ethereum Futures. This, coupled with its classification as not a security and an upcoming significant upgrade (EIP 4844), is expected to greatly reduce Layer 2 fees.
- XRP’s Regulatory Clarity: XRP is emphasized for its clear regulatory status, not being a security, and the potential for an XRP spot ETF, possibly even before Ethereum.
- Phantom’s Major Upgrade: Phantom has significantly reduced its staking requirements, from 500,000 tokens to 50,000, aiming to increase security and network strength by enabling more validators.
- Uniswap’s Innovation and V4 Development: Uniswap, a leading decentralized exchange, is innovating with its Version 4 (V4) development, intending to capture a market of long-tail assets and small capitalization tokens.
- MakerDAO’s Strong Performance: MakerDAO is highlighted for its substantial revenue in Q4, indicating its strong market presence.
- Hedera’s Ecosystem Growth Funding: Hedera has approved a substantial grant for ecosystem growth, emphasizing its commitment to network development and decentralized governance.
- Polygon 2.0 and Its Advancements: Polygon 2.0 is noted for its fundamental improvements and marketing prowess, expected to significantly impact both short-term and long-term price appreciation.
- Cardano’s Ecosystem Development: Cardano is recognized for transitioning from a research project to a blockchain with real utility and growing Total Value Locked (TVL), indicating increasing demand for its technology.
- Injective’s Growing Ecosystem: The Injective ecosystem is expanding, with increasing numbers of users staking and participating in airdrops.
- Tron’s Renaissance and Tether Integration: Tron is experiencing a resurgence, especially in its DeFi ecosystem, with significant TVL growth and its role as the largest blockchain for Tether.
