The cryptocurrency market has been going up a lot in the last few weeks, confirming predictions of a big bull market in 2024. As we enter the bull season, the popular crypto analyst channel Altcoin Daily has chosen their favorite altcoins to buy.
Solana (SOL) and Cardano (ADA) are two altcoins that Altcoin Daily thinks will go up a lot in price in 2024. Another altcoin that other analysts are interested in is NuggetRush, which has seen its price go up by 80%. Keep reading to find out why these are the top crypto coins to buy for the 2024 bull market.
Altcoin Daily is positive about Solana (SOL) in 2024. SOL did really well in 2023, gaining around 1,000%. Now, it’s Altcoin Daily’s second-favorite pick for coins to buy and hold in the 2024 bull market. The analyst says that many important people see Solana as one of the best coins in the 2024 bull cycle.
This is backed up by more money going into Solana. In 2024, products based on SOL got the most money from big investors, doing even better than Ethereum. Altcoin Daily also mentions good metrics and technical analysis that support a big increase in price.
After a 15% price increase on the weekly chart, the Solana coin is now above the important resistance at $115. Staying above this level suggests that the price of SOL could go up as high as $150 in the coming week.
NuggetRush (NUGX) is also expected to have a big breakout in 2024, similar to SOL. NUGX has been getting more positive momentum in the last few weeks, with an 80% increase in its price, making it one of the best altcoins. Even after this strong performance, many top analysts believe NuggetRush will experience a major breakout in 2024.
One big reason for the positive feelings about NuggetRush is its innovative GameFi platform, which will launch soon. NuggetRush combines gaming, NFT staking, and charity through impact gaming.
In the NuggetRush game, players explore a virtual world focused on gold mining. They build mining operations, manage workers, and use machinery to find gold. NuggetRush has a marketplace where the gold players mine can be turned into gold, cash, and the NUGX ERC20 coins. Through its impact gaming model, NuggetRush will reward artisanal miners in underdeveloped countries with the money it makes.
The DeFi project also offers some of the best NFTs to buy, as they can be staked for up to 20% APY. Because of these exciting features, there’s a growing demand for NUGX, currently valued at $0.018 per coin. Investors have bought over 184 million NUGX tokens to be part of the predicted 25x price surge.
Cardano (ADA) is another altcoin picked by Altcoin Daily as one of the best to buy in the 2024 bull market. The analyst says ADA deserves to be on the list because of its special features and increased use in the crypto space.
Cardano uses SDKs from Polkadot and other blockchain networks like Cosmos. The analyst emphasized how Cardano is becoming more noticeable in all parts of the cryptocurrency industry. ADA recently went above $0.5700, but the target is $1-$1.50 in 2024.
In summary, crypto analysts think that Solana (SOL), Cardano (ADA), and NuggetRush (NUGX) are among the best crypto investments for the current bull cycle. These cryptocurrencies have unique features that could lead to a big rally in 2024.
