The cryptocurrency market It stood out in 2024 as a solid investment option, with a performance that captured the attention of both experienced and new investors.
In terms of trends, Bitcoin remains the dominant cryptocurrency, with a higher performance than many altcoins. For example, Ether and Dogecoin have experienced falls of 22.6% and 31.3% respectively in the last month.
Historically, Altcoins’ seasons “usually follow Bitcoin Halving’s events, but their current domain remains high. Analysts suggest that the introduction of Bag (ETF) funds of Bitcoin in the US and its unique use compared to other programmable cryptocurrencies could explain this trend. Investors are recommended to monitor Blockchain activity, transaction volumes and social networks commitment to identify possible changes to Altcoins.
In addition, Donald Trump’s recent election as US president has influenced the cryptocurrency industry. With a pro-described cabinet and plans for a state bitcoin reserve, significant support has been shown to digital currencies, which has reduced regulatory uncertainties. This has promoted the price of Bitcoin, which exceeded US $ 108,000 in December. Traditional financial institutions such as Goldman Sachs and Blackrock have also begun to invest in cryptocurrencies, reflecting a growing acceptance in the financial sector.
However, critical voices such as that of the Nobel Prize in Economics, Eugene Fame, warn about the volatility and lack of real value of Bitcoin, suggesting that it could collapse in the next decade.
According to data registered in Satoshi Tangoan Argentine exchange, the main digital assets have shown a remarkable boom, reflecting significant growth that has driven its popularity.
Outstanding yields of the semester
The analysis of the main cryptoactives in the last six months reveals impressive growth, highlighting some yields above expectations:
- Ripple (XRP): +383.8%
- Stellar (XLM): +319.3%
- Dogecoin (Doge): +189.4%
- Cardano (ADA): +156.2%
- Chainlink (Link): +101.3%
- Avalanche (Avax): +62.8%
- Bitcoin (BTC): +57.6%
- Decentraland (mana): +53.1%
- Litecoin (LTC): +48.1%
- Solana (sun): +47.8%
- UNISWAP (UNI): +42.6%
- Polkadot (DOT): +38.7%
- Bitcoin Cash (Bch): +22.8%
- Tether Gold (Xaut): +14.4%
- Ethereum (eth): +9.4%
The impressive performance of assets such as Ripple and Stellar highlights the growth potential within a dynamic and rapid movement sector. Despite the characteristic volatility of the crypto market, more established coins such as Bitcoin and Ethereum have also shown positive yields, maintaining their appeal among investors.
Perspectives for the future
“The crypto market remains a dynamic environment, offering unique opportunities for those who know how to capitalize on the moments of greater growth. In Satos Tango, our commitment is to provide tools that prioritize both the security and profitability of our users, ”he said Matías BariCEO of Satoshi Tango.
With a positive trend in the first half of 2024, cryptocurrencies continue to consolidate as a key investment alternative, and its role in the global market is expected to continue growing as economic and technological dynamics evolve.
Source: Ambito
I am Pierce Boyd, a driven and ambitious professional working in the news industry. I have been writing for 24 Hours Worlds for over five years, specializing in sports section coverage. During my tenure at the publication, I have built an impressive portfolio of articles that has earned me a reputation as an experienced journalist and content creator.
