As 2024 starts, crypto investors are exploring the market, looking for the best cryptos to buy for a profitable year. Expert advice to investors wondering which crypto to buy today for long-term gain suggests that Litecoin (LTC), Cosmos (ATOM), and Algotech (ALGT) are the best picks.
Let's explore Litecoin (LTC), Cosmos (ATOM), and Algotech (ALGT).
Litecoin (LTC) may reach $85 in March as it becomes a prominent payment solution.
The Cosmos (ATOM) community votes against a proposal to set inflation in its network to 0% in a bid to increase its value and reduce staked ATOM tokens.
Algotech (ALGT) could become the best DeFi investment this year as its presale advances.
On December 5, 2023, Litecoin (LTC) became the newest cryptocurrency accepted by Microsoft to pay for its software products and services. Following the announcement, the LTC stock price moved 2% from $72.83 to $74.29.
As December progressed, LTC stock prices stagnated, allowing investors to buy Litecoin (LTC) at $74.19 on December 31, 2023. In January 2024, the crypto market turned bearish, impacting Litecoin (LTC) with a price downtrend. Between January 19 and January 26, Litecoin (LTC) lost 7% from $71.42 to $66.50.
However, experts remain optimistic that Litecoin (LTC) is a good crypto to buy. This opinion originates from the growing popularity of Litecoin (LTC) in payments compared to other top crypto coins.
Based on this information, experts suggest Litecoin (LTC) is undervalued and that LTC stock will reach its optimal price as the year advances. Consequently, LTC price predictions indicate Litecoin (LTC) may hit $85 in Q1 2024.
On January 23, 2024, after a 14-day voting process, the Cosmos (ATOM) community voted down the proposal to reduce inflation on its network to 0%. Following the vote results, Cosmos ATOM price gained 1.8%, surging from $9.18 to $9.35 the following day.
If accepted, the inflation reduction proposal could have enabled Cosmos (ATOM) to diversify its revenue streams. However, 48% of eligible voters voted against it, 25% voted for it and 25% abstained.
With Cosmos (ATOM) trading at $9.22 on January 26, it recorded a 1.41% fall from its previous $9.35 price. Consequently, analysts opine that Cosmos ATOM price is hovering over a $9.1 resistance point. Despite the price drop, market experts suggest Cosmos (ATOM) is on the verge of a price rally.
With a $26 million budget for ecosystem development in 2024, Cosmos (ATOM) may launch new projects in its ecosystem this year that boost users, value, and price. Consequently, Cosmos ATOM price predictions project it will rise to $12 in March.
Algotech (ALGT) is the newest token in the DeFi crypto list. It is a revolutionary decentralized crypto trading platform that enables users to improve their trading results. Algotech's machine-learning capabilities combine multiple algorithmic trading strategies to ease data analysis and increase profitability.
Moreover, Algotech (ALGT) is accessible to individual traders with limited capital. Further, it's also ideal for veteran hedge funds and investment banks with multiple million-dollar budgets for crypto trading. Its data collection and analysis effectiveness enables skilled traders to overcome manual trading hurdles and generate more profits.
Furthermore, the team behind Algotech (ALGT) believes it may become the best DeFi crypto investment of 2024. The $1.1 million raised in two days in a private sale and the high demand in the ongoing public presale buoy the belief that it is the best crypto to invest in this year.
Algotech (ALGT) is in Stage 1 of its public presale. Investors who buy the token now have numerous benefits in store. First, they will buy ALGT at $0.04 and can expect a 275% gain at the end of the presale when ALGT launches at $0.15. Secondly, they become part-owners of the Algotech (ALGT) software, eligible for dividends from operational profits. Thirdly, ALGT holders have governance rights to ensure it becomes the preeminent trading platform in the industry.
Follow these links to learn more about the Algotech (ALGT) presale.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.