The year 2024 witnessed a significant rise in some digital currencies, which made them the focus of attention of investors and market observers. Among the most prominent currencies that witnessed a rise in their value during this year:
1. Bitcoin: Bitcoin continues to dominate the cryptocurrency market. Thanks to the expected halving event in April 2024 and the increasing interest from institutional investors through exchange-traded funds (ETFs), the value of Bitcoin has risen significantly and is expected to reach record highs by the end of the year.
2. Ethereum: Although Bitcoin still leads, Ethereum has seen strong performance thanks to the development of Layer 2 networks like Polygon and Arbitrum. With upcoming updates to the Ethereum protocol, like EIP-4884, the market expects further growth in the currency’s value and technical importance.
3. Solana: Solana has achieved amazing growth since the beginning of 2024, and has become a candidate to enter the list of the top three blockchains in terms of market capitalization and the volume of Total Value Locked (*TVL*). The network benefits from the development of new projects, which has increased its popularity among investors.
4. Altcoins: With the improvement of economic conditions and the launch of Bitcoin-specific ETFs, a strong recovery phase is expected for altcoins such as Polkadot and Cardano, which will benefit from the shift in investment interest towards them after the rise of Bitcoin and Ethereum.
Overall, experts expect that 2024 will see an increase in the popularity of cryptocurrencies, driven by new technical and regulatory developments in the global market.
