🥇 1. Bitcoin (BTC) – "King of cryptocurrencies"
Current price: around $94,700
Market cap: over $1.8 trillion
Reasons to buy:
Increasing institutional adoption and significant flows into Bitcoin ETFs.
The effect of mining reward reduction (halving) in 2024 is beginning to show now, which decreases supply and increases scarcity.
Predictions for the price to rise to $150,000 or more during this year.
Note:
The reasons to buy mentioned in the post are reasons agreed upon by the cryptocurrency community and do not necessarily reflect my personal opinion.
🥈 2. Ethereum (ETH) – "Giant of smart contracts"
Current price: around $1800
Market cap: over $217 billion
Reasons to buy:
The successful transition to the Proof of Stake mechanism has made the network more efficient.
Future updates like "Pectra" and "Proto-Danksharding" will increase the network's processing capability.
Expansion of Ethereum's use in decentralized finance (DeFi) applications and non-fungible tokens (NFTs).
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🥉 3. Solana (SOL) – "Flash blockchain"
Current price: around $147
Market cap: over $60 billion
Reasons to buy:
Transaction processing speed (over 65,000 transactions per second) and very low fees.
Expansion in Web3, DeFi, and NFTs applications.
Increasing interest from institutions, with the possibility of launching their own ETFs.
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🏅 4. Ripple (XRP) – "Bridge of banks"
Current price: around $2.28
Market cap: over $100 billion
Reasons to buy:
Expansion of Ripple's use in international financial transfers.
Launch of futures contracts on XRP at CME, which could increase institutional interest.
Growing recognition as a currency compliant with ISO 20022 standards.
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🏅 5. Chainlink (LINK) – "Oracle of the blockchain"
Current price: around $15
Market cap: over $8 billion
Reasons to buy:
Chainlink is considered the largest decentralized oracle network in the field, connecting smart contracts to external data.
Increasing interest from financial institutions in launching ETFs based on the LINK network, which could enhance demand and positively impact the price.
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🏅 6. Binance Coin (BNB) – "Giant of exchanges"
Current price: around $606
Market cap: over $90 billion
Reasons to buy:
Used in a wide range of applications within the Binance ecosystem, including fee payments and decentralized finance (DeFi) applications.
Technical updates such as reducing block time to less than a second, supporting fee-less transactions, and protection against MEV attacks, all enhance Binance's token position in the market.
There are price predictions based on the overall project growth, estimating that the price could reach over $1200 in 2025, with an expected average trading around $926.
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✅ General advice:
Portfolio diversification: Don't put all your investments in one currency; diversification reduces risks. Don't put all your eggs in one basket.
Continuous research: Stay updated with market news and technical updates on cryptocurrencies.
Risk management: Invest only what you can afford to lose, and use tools like stop-loss orders.
