The raging crypto market is making mainstream news, taking the entire ecosystem to the attention of the masses. As a result, newcomer interest in the market is higher than ever. With all the gains reported from tokens across the industry, newcomers will be confused about the assets they should invest in to begin their crypto journey.
Analysts suggest five tokens to net 25X gains in the coming months – let's break it down.
The native asset of the longstanding Stellar network, XLM is a token that can surge tremendously in its valuation. Its price potential comes from Stellar's resurgence thanks to the recent catching on of enterprise-related blockchain needs. As more companies and financial institutions implement Web3 and blockchain use cases in their functioning, enterprise-related blockchain networks will grow tremendously. Resultingly, their tokens will spike, too.
Stellar is an industry veteran in offering a blockchain ecosystem for enterprises, launched all the way back in 2014. Its reputation leads enterprises to choose it over the rest, with it recording increased transaction usage in the past few months. As that continues, XLM's price will constantly rise, overtaking its previous $0.938 all-time high (ATH), the $1 mark, and make it to double-digit valuations from its current price of $0.1344.
A new entrant in the crypto market, the NFTFN token is only in its presale stage, offered at its phase 2 price of $0.030. That price will invariably rise to new levels – analysts claim it will go up to $0.75 in no time. Thus, investing in this presale token can be the best decision investors make in 2024. The token's optimistic outlook stems from the dApp it finds utility in – the NFTFN platform.
This application packs a next-gen NFT trading use case that can revolutionize how NFT enthusiasts interact with NFTs for good. It allows users to get in on the robust price action of blue-chip NFTs worth thousands of dollars with as little as $10. As that opens the doors to a massive influx of users who could not interact with expensive NFTs previously, setting itself up for massive adoption, the namesake token's price will rise tremendously to meet analysts' expectations.
VET is another token native to a network, VeChain, benefitting from the enterprise adoption of blockchain technology. The blockchain finds massive adoption in the supply chain sector thanks to the transparency it breeds, transforming the archaic models traditionally utilized by the sector. With that, the price action of VET has significantly grown, like XLM.
That is reflected in VET's 90% year-to-date (YTD) growth, which will only rise in the future. Its current price of $0.0435 will go upward soon thanks to factors like the bullish forces and the rising adoption of its network. The token will easily surge over its previous ATH of $0.281, going past $1 to hit $1.2 by the end of the year.
FTM has been making impressive strides off late, showing a 20% price increase over the past month. It has exhibited a riveting performance in the past few days, with its price climbing close to the $1 mark. It currently fluctuates around $0.96. This momentum will let it go past $1 in the coming days and eventually surge to new highs, possibly registering double-digit valuations and going over the $20 mark by year-end.
FTM's price action comes from the growing usage of the network it is native to, Fantom, a layer-1 blockchain that exhibits tremendous throughput rates facilitating large-scale deployment of dApps, DeFi protocols, and enterprise applications. Fantom is expected to become a top blockchain network soon, as the blockchain ecosystem favors those networks with high scalability.
LTC, native to the Litecoin blockchain, is one of the most established cryptocurrencies, considering its launch over a decade ago. The Litecoin network is one of the earliest hard forks of the Bitcoin blockchain, maintaining a strong user base and trading community. Thus, LTC's price action remains robust through thick and thin, making it a strong contender to provide amazing gains this year.
LTC has performed extremely well over the past two months, going above the $100 mark numerous times, with it currently trading just below $100 at $99. It has effectively grown from lows of below $60 just a few months ago. Analysts suggest it will utilize this momentum to surge to new highs and break all its previous records.
As newcomers make their way to the crypto market thanks to the mainstream coverage of its tremendous expansion over the past few months, five tokens stand out to offer the gains they seek. XLM, NFTFN, VET, FTM, and LTC hold tremendous potential to return unshakeable profits during this bull run, making them the perfect start pack for those venturing into the crypto market for the first time.
NFTFN is the go-to platform for perpetual trading of diverse assets like Blue-Chip NFTs, Crypto, and Real-World Assets. With a minimum investment of just $10, users can easily take long or short positions on their chosen asset class, catering to traders of all levels.
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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.