Cryptocurrencies Expected to Increase in Value (2023-2024)

Every investment involves certain risks. This applies even when trying your luck: for example, you also assume a certain risk when playing games using online live roulette offers. However, it is possible to reduce this risk as much as possible by performing consistent analyses. Here, we will do this for cryptocurrencies and share a list of cryptos that are expected to gain value in 2023-2024. We think that investments in these will provide satisfactory returns, but before we start, let us point out an important matter: there are no guaranteed results in financial markets.

Bitcoin (BTC)

This isn’t a name you’d be surprised to see: Bitcoin is the foundation of crypto investment markets. Although it can become quite volatile at times, almost all analysts think that there will be a significant increase in BTC value until at least the second quarter of 2024. Some of them think this will go well beyond the second quarter. To give some examples:

• Matrixport predicts that the value of 1 BTC will reach 45,000 USD before the end of 2023. This is a financial services platform founded by Jihan Wu, and we can say that it is quite reputable. Wu runs one of the world’s largest BTC mining operations and is China’s richest man.
• BitQuant agrees with this prediction and takes it even further: according to the analysis of this platform, the value of 1 BTC will exceed 69,000 USD before April 2024. This prediction was made using the Elliott Wave Theory and is based on the assumption that the block reward halving in April will increase the value of BTC tremendously.
• Cryptocon thinks the value of 1 BTC will reach 130,000 USD shortly before the end of 2024. This is a prediction made with the Halving Cycles Theory and assumes that the price increase will reach its highest value between September 2024 and December 2024.

Of course, these are not any “guarantees”, but almost all reputable market experts are of the opinion that 2024 will be a very good year for BTC. That’s why Bitcoin is first on our list: the ancestor of cryptocurrencies is still the best option for investing.

Everlodge (ELDG)

Everlodge is a project that aims to simplify real estate investment, especially investing in vacation rentals. It describes itself as the “Web3 form of Airbnb” and is used to buy real estate by breaking it down to “pieces”. For example, you can invest in a vacation home in Florida by purchasing 100 USD worth of ELDG: your crypto tokens determine how much of the income generated by that home you will receive.

This is a project audited by InterFi & BlockAudit and uses its own ERC-20 token on the Ethereum blockchain. Each token represents real-world ownership and can be bought and sold on exchanges. In other words, you can own 1% of real estate on the other side of the world and sell it whenever you want. Everlodge is a risky project and is still in the “presale” phase. Once it starts trading on exchanges, some analysts think its price could increase as much as 50 times. In other words, it can provide a very satisfactory ROI in the short term. But it is too early to say whether its value will last: this is a crypto that can be profited by using the difference between the presale price and the exchange price, and it is not clear, at least for now, whether it can offer more than that, but it is a promising option to add to umbrella funds.

Solana (SOL)

You may find it surprising that Solana is on this list since its price does not rise regularly and even experiences significant declines from time to time. However, there are many reputable traders who see this as an investment opportunity and think that this crypto has a bright future. For example, Bluntz Capital, which has made very consistent predictions about Bitcoin since 2018, says that SOL is the altcoin that managed to recover the fastest after its price dropped and thinks that its price will rise to around 150 USD before the end of 2023. This is almost a 120% increase. Since Solana provides an infrastructure used by huge companies such as Google, Meta, Shopify, and Discord, it is believed that this increase will continue in 2024, too. In other words, Solana price could rise at any time, and this crypto could end 2023 with a “boom”.

Ripple (XRP)

XRP price has seen a significant rise between October 2023 and November 2023 and has maintained its position for the following three weeks. According to traditional RSI theory, this indicates that the depreciation experienced before October 2023 was temporary and that XRP has entered an upward period. As a matter of fact, many analysts think that after a short-term decline, the XRP price will be 0.91 USD before the end of 2023. Even the most pessimistic ones think that this increase will be at least 0.71 USD. Analysis according to the Fibonacci theory shows that the XRP price increase will continue at least through the first quarter of 2024. Although its ROI rate is lower than others, XRP can still offer a price increase that satisfies its investors.

Terra Classic (LUNC)

If you are looking for an investment opportunity that will provide returns in the short term rather than the long term, Terra Classic may be a very good option. This is an uptrend crypto and gained almost 100% during the last week of November 2023. Analysts expected its price to rise as high as 0.00015 USD, but LUNC did more than that and reached 0.00017 USD as of December 15, 2023. Almost every analysis shows that the price will not decrease for at least 14 days, on the contrary, it will continue to increase. If you want to complete 2023 with a satisfactory ROI and continue this throughout the first week of 2024, be sure to check out LUNC. It is still too early to make a long-term analysis, but we can say that this crypto is quite promising. If you have an umbrella fund, you may want to consider adding LUNC.

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