7 Best Cryptocurrency Prediction for 2024 – Future Investment!

If you want to invest in any coin then cryptocurrency prediction is a task that you should spend most of the time on. It is not a child ‘s play to predict the future of cryptocurrencies. For a technology that itself keeps evolving and sees dozens of micro trends every year, having an overarching prediction for the entire year might be a tall ask.

2021 proved to be a significant year for the crypto sector overall with global crypto market capitalisation rising to a record $3 trillion.

What Are the Best Cryptocurrency Predictions to Invest In this Year?

Here are my seven picks for the best cryptocurrencies prediction to watch out for:

  1. Alt Coins!
  2. NFT’s
  3. Bitcoin
  4. Etherem
  5. Metaverse
  6. Web 3.0
  7. Regulations

1. Alt Coins

In 2021 Bitcoin owned more than 70% market share of all cryptocurrencies! Since last year more and more coins started to show their true prowess, the share of Bitcoin is somewhere in the 40% range in January 2024.

What changed? Well, alt coins such as Cardano (ADA), Solana (SOL), Doge Coin, Shiba Coin, Polka Dot and even Ethereum (ETH) has seen more widespread acceptance and buying, thanks to the increasing number of projects being built on these alternative platforms.

Bitcoin is no longer the dominating currency of the cryptocurrency market. In fact, depending on the type of blockchain project that interests you, we suggest you buy cryptocurrency accordingly. For example, if you’re bullish about NFTs, then it makes a lot of sense to pick up Ether.

A lot of people made millions last year from investments in altcoins, especially buying altcoins before listed on any exchange like Binance!

So Altcoins are going to be a gich change this year and it’s worth watching the trends.

2. NFT’s

NFTs are everywhere on the internet today. If 2021 was about education, 2022 is all about adoption. NFTs are bound to reach Tier 2 and 3 cities this year. This means as a creator or as a collector, 2024 could well be a breakout year for you.

Whether it’s collecting well-known NFTs such as Bored Apes or picking up exclusive memorabilia by filmstars or cricketers or even picking an unknown artist to promote, this is the best year to set yourself up as a NFT collector before it gets too mainstream.

NFT Artworks are selling with very high price up to $60 mil for a NFT artwork!

One of the biggest marketplace for NFT’s is opensea.io

3. Bitcoin (BTC)

Here is the price of Bitcoin within a year, it went from $28k to $68k!

Though Bitcoin has been mostly on the rise since it was launched, its current price is still a long way off from the latest all-time high it hit in November 2021, when it went over $68,000.

Even with the recent decline in price, Bitcoin is still more than twice as valuable as it was just a couple years ago. For Bitcoin, these kinds of ups and downs are nothing new.

Despite the volatility and recent slumping price, many experts still say Bitcoin is on its way to passing the $100,000 mark, though with varying opinions on exactly when that will happen.

And a recent study by Deutsche Bank found that about a quarter of Bitcoin investors believe Bitcoin prices will be over $110,000 in five years.

So you should keep eye on Bitcoin and other cryptocurrencies to invest in this year.

4. Ethereum (ETH)

Ethereum had a huge jump last year. The price went 276% higher or from $1300 to $4,900.

Despite the slow start to 2022, many experts are still bullish, predicting Ethereum’s price could potentially hit and exceed $12k this year.

Despite the recent slump, Ethereum still had a relatively strong close to 2021.

A new report from bankers Morgan Stanley highlights some of the risks threatening Ethereum’s future and where the opportunities for the much vaunted Ethereum killers might be.

  • It is not decentralized enough with 100 million addresses holding 39% of ether
  • It is too volatile
  • Its software is at higher risk that bitcoin because it changes more often, its more complicated and more prone to glitches
  • It has serious compeition from the likes of Binance, Solana and Cardano
  • Its high transaction fees create scalability problems and threaten high demand
  • And finally because it relies heavily on decentralised finance (DeFi) activity it is vulnerable to potential regulatory restrictions

The Ethereum blockchain has been upgrading to Ethereum 2.0 throughout 2021, a project that will continue into 2022. The London hard fork, or split, in August introduced coin burning, which is expected to support the value of the ETH coin by reducing supply as its use grows.

5. Metaverse

The metaverse is a concept of an online, 3D, virtual space connecting users in all aspects of their lives. It would connect multiple platforms, similar to the internet containing different websites accessible through a single browser.

The metaverse isn’t fully in existence, but some platforms contain metaverse-like elements. Video games currently provide the closest metaverse experience on offer.

Developers have pushed the boundaries of what a game is through hosting in-game events and creating virtual economies.

Although not required, cryptocurrencies can be a great fit for a metaverse. They allow for creating a digital economy with different types of utility tokens and virtual collectibles (NFTs).

The metaverse would also benefit from the use of crypto wallets, such as Trust Wallet and MetaMask. Also, blockchain technology can provide transparent and reliable governance systems.

Blockchain, metaverse-like applications already exist and provide people with liveable incomes. Axie Infinity is one play-to-earn game that many users play to support their income.

SecondLive and Decentraland are other examples of successfully mixing the blockchain world and virtual reality apps.

6. Web 3.0

After the metaverse popularity, Web 3.0 — is the new buzzword taking over the Internet world. Also known as the decentralized web, Web 3.0 is the third version of the Internet, which is an improvement over the current Web 2.0 Internet.

Web 3.0 is being built on blockchain technology.

Web 3.0 is anticipated to help overcome this problem as it is expected to be a decentralized version of the Internet where people have control over their data.

The third version of the internet will have more transparency and boast massive content that will be accessible to all.

Additionally, Web 3.0 is believed to be more user-specific, which will ensure data security and privacy while avoiding the risk of Internet hacking.

Web 3.0 is the upcoming third generation of the internet where websites and apps will be able to process information in a smart human-like way through technologies like machine learning (ML), Big Data, decentralized ledger technology (DLT), etc.

Web 3.0 was originally called the Semantic Web by World Wide Web inventor Tim Berners-Lee, and was aimed at being a more autonomous, intelligent, and open internet.

7. Regulations

As cryptocurrencies spread across the globe, so too do the regulations put in place to govern them. The crypto landscape is constantly evolving and keeping up to date with the rules in different global territories isn’t easy.

Here is a summary of top 5 nations’ approach coin and exchange regulation and if they have any upcoming legislation which could alter their approach to cryptocurrencies.

1. United States

Cryptocurrencies: Not considered legal tender

Cryptocurrency exchanges: Legal, regulation varies by state

2. Canada

Cryptocurrencies: Not legal tender

Cryptocurrency exchanges: Legal, required to register with FinTRAC after June 1, 2020

3. Singapore

Cryptocurrencies: Not legal tender

Cryptocurrency exchanges: Legal, registration with the Monetary Authority of Singapore required

4. Australia

Cryptocurrencies: Legal, treated as property

Cryptocurrency exchanges: Legal, must register with AUSTRAC

5. China

Cryptocurrencies: Not legal tender

Cryptocurrency exchanges: Illegal

This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of Best for Buy.

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