Recently, the crypto exchange Bitget, in its Bitget Innovation Zone project, has released some forecasts regarding the potential promising coins of 2024.
Let’s see below all the details about it.
Some predictions and strategic investments for the crypto world in 2024
Before examining the predictions on promising cryptocurrencies for 2024 according to Bitget, it is important to analyze a general overview of what has happened in the blockchain sector this year.
In the course of 2023, we see that there has been a significant increase in the creation of innovative projects in the DeFi sector.
Among these, some have achieved significant success, while others have turned out to be strokes of luck and others have suffered failure. Logically, the failed or disappointing projects have resulted in the loss of millions of investor funds.
As a result, the prospect of investing in early projects is as risky as it is potentially profitable, requiring operators to carefully evaluate the quality of a project, its team, and its ability to realize its prospects and long-term plan.
Despite the high associated risk, there remains an intrinsic remarkable potential for rewards, offering early investors the opportunity to achieve returns that can exceed hundreds or even thousands of times the initial investment.
Investing in promising tokens from the early stages may seem like an almost insurmountable challenge, but Bitget Exchange has made this possible through its unique marketplace known as Bitget Innovation Zone.
This platform quickly lists the latest DeFi tokens as soon as they become available, carefully selecting and exclusively accepting high-quality projects.
In order to provide additional security to traders, the exchange imposes a 60-day evaluation period for all newly listed pairs within this zone.
In a context of early-stage investments, GROK, Neutron, and MEMEETF emerge as the main choices, all available for exploration within the Bitget Innovation Zone.
Crypto market analysis: Neutron and Memecoin in focus
As before, we see that Neutron (NTRN) represents the native cryptocurrency of the homonymous protocol, a layer 2 chain based on the Cosmos blockchain.
By leveraging the security of one of the leading blockchains, the Neutron protocol supports Interchain DEFI, connecting over 50 blockchains through the IBC engine.
The public smart contract platform Neutron aims to become the leading L2 chain, allowing developers to design, build, and deploy scalable cross-chain DApps.
Currently, the NTRN/USDT pair is in a critical phase, close to the support level of $0.4902, with momentum suggesting the possibility of an upward movement towards the minor support level at $0.5344 and, if successful, testing the upper target at $0.5834.
On the other hand, Memecoin (MEME) is a meme coin based on the ERC-20 standard with a total supply of 6.9 billion.
Currently traded at $0.0263 on various exchanges, including Bitget, MEME has a market capitalization of $231,306,886.
Although the market capitalization reached a peak of 351 million dollars before decreasing, there is optimism about the growth potential of MEME.
The MEME/USDT pair is attempting to break through the resistance at $0.03, with prospects of reaching the all-time high at $0.04075.
Currently, MEME is showing a downward trend towards the support of $0.025, with the possibility of an upward movement if buyers consolidate the momentum.
However, in case of prevalence of sellers, the price could drop below $0.025, heading towards the psychological support of $0.020.
PLEXUS (PLX): an in-depth analysis of its growth
Finally, we see that PLEXUS (PLX) operates as a cross-chain DEX aggregator, facilitating fast, cost-effective, and secure multi-step swaps across different blockchain networks and bridges within a single transaction.
At the center of this innovative platform is the Cross-Chain Routing Protocol (CCRP), an advanced algorithmic protocol that operates on the Theta blockchain.
The mission of PLEXUS is to simplify the exchange of assets between different blockchains, ensuring a unified and user-friendly experience for all participants. The significant increase of 160.31% in trading volume in the last few hours indicates intense market activity.
With a total of 500,000,000 PLX tokens in circulation, the fully diluted market cap, estimated at $15,957,545, provides an indication of the potential valuation of the asset if all tokens were in circulation.
Currently quoted at $0.03192, PLX shows a modest unit value.
Its 23.36% variation over a seven-day period provides crucial information about its short-term price trend, useful for investors and analysts in evaluating the recent performance and predicting possible future developments of PLEXUS in the dynamic cryptocurrency market.
Bitget, in line with its continuous innovation, has recently included PLX in its scope of innovation, offering an opportunity for interested parties to explore a curated selection of cutting-edge DEFI projects.
