As we say goodbye to 2023, let’s take a look at what the new year holds for us in the crypto world. Explore the potential crypto high-risers and stocks to look out for in 2024.
Lately, Bitcoin has been soaring, rising by almost 60% in the last six months. This rise incentivized many to turn to blockchain technology. Experts argue that Bitcoin could soon reach $50,000, which will affect the crypto market. Crypto Investors are also waiting on the Bitcoin ETF, which will make crypto more accessible and popular.
So, let’s take a look at the latest crypto investing details to look out for.
Blockchain stocks in 2024
First, let’s turn to blockchain stocks. They are doing reasonably well, and many crypto investors are optimistic about them for 2024.
A good example is Grayscale Bitcoin Trust, which has gone up by 310% this year, reaching $34. This shows that blockchain technology has the power to affect the world of finance.
Here are five blockchain stocks to look out for in 2024:
1 PayPal (PYPL)
PayPal (PYPL) was one of the first to embrace blockchain technology. It is a leader in fintech, with strong financial results, especially in the third quarter of 2023.
PayPal lets you buy, sell, and hold cryptocurrency like Bitcoin, Ethereum, and Litecoin. It also has its own stablecoin, PayPal USD, which showcases Paypal’s innovation in the crypto world.
2 Riot Platforms (RIOT)
Riot Platforms (RIOT) is a great choice for crypto investors who want to make a profit from crypto mining. It is growing fast, with a network hash rate of 13.4 EH/s. Riot also bought more Bitcoin miners, which will make it even faster.
By mid-2025 Riot could be mining three times more than what it is mining now, making it a good choice.
3 Nvidia (NVDA)
Nvidia (NVDA) is not just a GPU maker. It is also a key player in blockchain and Artificial Intelligence (AI). NVIDIA GPUs help mine cryptocurrencies, and also have amazing stock performance and financial growth.
Nvidia GPUs are powerful and fast, making them ideal for crypto mining. Their revolutionary AI tech makes them relevant in the AI sector, which is related to some crypto tokens, like Fetch.ai. This makes crypto investing in NVIDIA a great option for those who want to bank on blockchain and AI.
4 Coinbase Global (COIN)
Coinbase Global, Inc. (COIN) is a leading company in the crypto industry that operates in the U.S. and around the world. COIN helps people and businesses use crypto in different ways.
For example, it lets people buy, sell, and store crypto easily and safely. Coinbase also connects businesses that want to trade or use crypto for their services, and supports developers to create new crypto apps or products.
Next year Coinbase is expected to have an earnings growth rate of 28%.
5 Bit Digital (BTBT)
Bit Digital (BTBT) is a company in the U.S. that is based in New York City. It focuses on staking and mining crypto.
BTBT has been very profitable this year because of Bitcoin’s rise in price. In November they reported a sequential growth of 25%.
So if Bitcoin continues to rise in 2024, crypto investing in this company will be a great opportunity.
Potential Crypto High-risers in 2024
Bitcoin has always been a key player in the cryptocurrency market. It has been steadily going up for seven years, and it could reach new heights in 2024.
Bitcoin has a reported history of resilience and reliability, and it can help crypto investing in Bitcoin help deal with market changes.
Game-Fi is a platform where you can play games and earn crypto at the same time.
One of the best games there is Axie Infinity. It wasn’t really popular at first, but this has changed lately.
It could make a big move in 2024-2025. It is a fun and profitable game, with a potential to attract new crypto investors.
3 Small Coins, Big Gains
Don’t forget the small and micro-cap coins. They could make a surprise with huge gains. Some of them are ready to explode in 2024, so be mindful of these hidden gems that could stir things up in the crypto market.
4 Meme Tokens
Meme tokens are based on jokes, trends, or social movements, such as Dogecoin, Shiba Inu, and Baby Shark. They are unpredictable and some could go up by 10x or more. You can never know with meme tokens, so they should be on your radar as well.
Crypto is exciting and brings huge potential for everyone willing to invest in it. There are many new trends, predictions, and stocks that have the potential to change the crypto world in the future.
Be flexible in crypto, because it is always changing. Keep an eye on the market and be ready to adapt to new changes and opportunities.
Mix it up, invest in both crypto coins and stocks that use blockchain technology. That way you can have a more diversified portfolio and have a better chance for a profit.
Crypto isn’t strictly for professional investors only. Anyone can invest in it, so don’t be afraid to take the next step into this new dynamic digital world.
By following the market trends, predictions and stocks we’ve talked about, you can make a smart decision for your crypto investing.
As we say goodbye to 2023, we hope you will have a great crypto journey in 2024.
Featured image by Freepik