Cryptocurrency investors and enthusiasts alike are eagerly awaiting the potential surges and lucrative opportunities that lie in 2024. In this post, we delve into four cryptocurrencies poised for significant uptrend: $STX, $MATIC, $DOT, and $GFOX. Buckle up as we delve into the factors propelling these cryptocurrencies to the forefront of the market, making them some of the best cryptocurrencies to buy.
$GFOX
Unlike the rest of the coins on this list of best cryptocurrencies to buy for early 2024, $GFOX is relatively new to the market. While it is still in the presale stage, $GFOX is already becoming a well-known coin, with investors injecting over $1.99 million into the presale in about 2 months. Currently, $GFOX is going for $0.001749, a notable 18% increase from the Stage 5 price.
But why are investors so invested in this new meme coin? Well, $GFOX isn’t just a regular meme coin, it goes beyond internet fame and fun to creating real-world utility for its investors. $GFOX is particularly interested in helping investors create multiple streams of income within the $GFXO ecosystem.
For starters, the $GFOX token has immense growth potential. In addition to allowing presale investors to make up to a 450% profit, $GFOX is expected to skyrocket upon exchange listing, becoming a 100x coin, and potentially surpassing popular meme coins to become one of the best cryptocurrencies to buy.
$GFOX’s growth potential is further enhanced by the token burn feature that will periodically remove a portion of $GFOX tokens from circulation. This will create a sense of scarcity, hence increasing the token’s inherent value.
Additionally, $GFXO investors can make a side income from the $GFOX play-to-earn game as well as passive income from staking their $GFOX tokens.
$STX
$STX is the native coin of Stacks, the Bitcoin layer for smart contracts that allows smart contracts and dApps to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. $STX is used for staking and governance on the Stacks platform.
Recently, Stacks has undergone some developments that have seen DeFi applications begin to integrate sBTC on the testnet. A good example of this is Velar, which plans on rolling out sBTC testnet pool that will enable interplay between Bitcoin and sBTC.
These developments have enhanced $STX’s standing as one of the best cryptocurrencies to buy, causing it to rally 589.44% year to year. Monthly charts on CoinMarketCap show a surge of over 134%, suggesting that the coin has been in the hands of the bulls lately. At the time of writing, $STX is trading at $1.57, a slight 4% increase from last week.
In 2024, $STX is expected to skyrocket, especially if the price of $BTC also surges. With the approval of $BTC EFTs on the horizon, $STX is expected to remain one of the best altcoins to buy now.
$MATIC
Polygon ($MATIC) is a Layer-2 scaling solution for Ethereum. Its goal is to address some of the most pressing issues associated with the Ethereum blockchain by enhancing scalability and usability.
Recently. Binance, the largest cryptocurrency exchange by volume announced that it will be adding new trading pairs for $MATIC, causing the price of the coin to skyrocket by a whopping 20%, which caused the price of $MATIC to move above $1.05 for the first time since April 2023.
According to a cryptocurrency analyst who is closely monitoring $MATIC, the crypto coin is headed for a major breakout which could see the coin rally in the near term. 7-day charts on CoinMarketCap show a whopping 34% increase while monthly charts show a 40% increase.
$DOT
$DOT is the native cryptocurrency of the Polkadot blockchain, which is designed to enhance interoperability between different blockchains. Polkadot’s goal is to enable different blockchains to transfer messages and value in a trust-free manner.
Since its launch, $DOT has remained one of the best altcoins to invest in. Ranking as the #11 crypto on CoinMarketCap $DOT has a market cap of over $10.8 billion.
December has been a month of spectacular growth for $DOT, the number of users on the Polkadot blockchain has increased exponentially reaching a new high of 7,120. As a result, $DOT has surged by 20% in the past weeks, with the monthly charts showing a 66% increase. This growth is expected to continue into early 2024, giving investors a chance to make insane profits.
Final Word
$STX, $MATIC, and $DOT have always been among the best cryptocurrencies to buy. 2024, will not be any different for these coins, as analysts expect them to continue surging in the new year. Meanwhile, newcomer $GFOX is expected to give investors even higher returns as it heads towards its launch. With its presale now reaching the $2 million mark, this coin is ready to take the market by storm, skyrocketing by over 100x after launch.
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