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The year is drawing to a close, and investors are looking to position themselves well for the next year. According to analysts, altcoins to watch for explosive growth in 2024 are Solana, Ethereum, and Everlodge. Let’s discover why.
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Summary
Solana (SOL): Analysts Remain Bullish
Solana (SOL) is a big player in the crypto landscape. It is an open-source project that provides decentralized finance (DeFi) solutions. As a result of its integral role in the crypto space, it has been tipped for explosive growth in 2024.
Several Solana price forecasts have been flying around, with some ambitious and others seemingly considerable. For example, a respectable news and media outlet, Cryptonews, mulled over the idea of the Solana crypto price hitting $1,000 in 2024. This may appear a little ambitious, but it shows SOL’s growth potential.
Right now, Solana costs about $50. Its present price offers an excellent opportunity to invest in its future growth.
Ethereum (ETH): Analysts Maintain Upward Trajectory
The second-most-liked cryptocurrency in the industry is Ethereum (ETH). Although it is not as popular as Bitcoin, it seems to have greater potential. The Ethereum price today, which is currently around $2,000, has the potential to rise by 10x in the future.
It is anticipated that the price of Ethereum will cost a lot more in 2024 than it does now. As per Techopedia, the highest price that ETH might fetch in 2024 is $6,500.
In light of the above, the Ethereum price at the moment might be a steal. So, it is a good crypto to buy if you wish to position for profit next year.
Everlodge (ELDG): A Potential 50x Price Surge By 2024
Everlodge (ELDG), along with Solana and Ethereum, is a promising cryptocurrency to invest in. It is situated at the nexus of growth, innovation, and practical application. Its goal of transforming the real estate sector is expected to fuel its growth.
This novel property marketplace will allow users to fractionally invest in luxury properties. These include luxury villas, vacation homes, and hotels. In addition, it will be transparent in the sense that titles, ownership details, and deeds of property will be stored inside the smart contract’s metadata.
In addition to this, it aims to reshape property investment and ownership. It will approach this by digitizing properties and minting them into non-fungible tokens (NFTs). As a result, investing in luxury real estate and selling it on the marketplace will be simple.
For example, with as little as $100, you can partially invest in a million-dollar villa in Miami. The trillion-dollar real estate sector is about to undergo a radical change due to the emergence of Everlodge. Thus, it is positioned for significant growth.
It is currently in the seventh stage of its presale and costs just $0.025 per token. It represents a promising investment because analysts predict a 50x growth in price.
*This article was paid for Cryptonomist did not write the article or test the platform.
