What Crypto To Buy In 2024? A Look At The Year Ahead

Written by

Eddie Mitchell

Cryptocurrency Writer

With 2023 behind us, we can confidently say that the cryptocurrency markets have had a great start to 2024. Well, we think it’s only going to get better.

With Bitcoin halvings, major regulatory changes, and huge network updates on the way, here's some of what's in store for 2024.

Bitcoin (BTC)

2024 could be yet another incredible year for BTC as several key events that can alter the course of crypto are now in play. 

First of all, Bitcoin will undergo yet another halving, an event that takes place approximately every four years, or after 210,000 blocks have been mined. It will see the mining reward slashed from 6.25 BTC to 3.125 BTC. Analysts and traders greatly anticipate halving events as previous ones are commonly followed by a solid increase in Bitcoin’s price. 

There is also the Bitcoin spot exchange-traded fund (ETF) decision, which has the potential to kick-start a significant bull run by drawing fresh capital from institutional investors, and further propel BTC into the mainstream.

Following all-time highs that saw BTC approaching the $70,000 mark, a year-long slump would see it below $17,000. The premier cryptocurrency had a pretty phenomenal 2023, recovering over 150% of its value to $45,000 for the first time since early 2022.

Ethereum (ETH)

Ethereum, the second most valuable crypto by market cap, is another top pick for 2024 thanks to the ambitious roadmap it has laid out for the year ahead.

A key contributor to ETH's success will be the EIP-4844 update, otherwise known as 'Proto-Danksharding'. The upgrade will be transformative for Ethereum’s infrastructure by vastly improving network speeds and reducing transaction fees. This update paves the way for full danksharding, which will further accelerate the network’s capabilities.

After over a year of floating between the $1,000 to $2,000 mark, Ethereum has also managed to pull back from the bear market lows of 2022 and regain around 80% of its value within the past year. Ethereum is now pushing towards $2,500 which may see it break past another resistance level and surge upward.

Solana (SOL)

Perhaps one of the biggest winners of 2023 was Solana. With special thanks to the continued development of DeFi 2.0 and its Web3 infrastructure, Solana began collaborating with the likes of Visa, Mastercard, and Shopify.

Solana is poised to capitalize on this momentum as the network continues to attract new developers and foster innovation through its numerous grants programs, improved onboarding, and increased ecosystem opportunities. We can expect to see a vast number of Solana products and services to make headlines throughout 2024, with more major collaborations on the horizon.

Despite a relatively slow start to 2023, the layer-1 network managed to significantly outperform its competitors, gaining over 500% over the year. A great deal of the gains were boosted with the release of the Solana Saga phone, Bonk (BONK) tokens, and the subsequent airdrop that caused the Web3 mobile phone to sell out globally.

In 2024, SOL could quite easily break past the $200 mark, with some experts believing that $1,000 is possible by 2025.

DisclaimerThe information provided on this website is for informational purposes only and should not be considered as financial, investment, or legal advice. Cryptocurrency investments are volatile and high-risk in nature. Consult with a qualified financial advisor and/or tax professional before making any investment decisions. We are not responsible for any loss incurred due to the use of information on this website. Do your own research and exercise caution. Don’t invest unless you’re prepared to lose all the money you invest.