3 Promising Altcoins for High Returns in the 2024 Crypto Surge
Looking for a high-return crypto? Look no further than the 2024 crypto best altcoin list, and discover promising altcoins that could offer an unusually high return here.
Indeed, 2024 is an anticipated bull run year, with a duality of factors set to induce upside price moves across the crypto market.
Firstly, the approval of spot Bitcoin ETFs by the Securities and Exchange Commission (SEC) earlier this month has opened the door to institutional demand for Bitcoin (demand side pressure).
This interacts with the secondary event, the Bitcoin halving in April 2024, which will see Bitcoin block rewards cut in half (inducing a supply shock in the market).
If you survived the 2022 bear market, these small dips shouldn’t phase you.
The 2024 #bullrun is inevitable.
— JAKE (@JakeGagain) January 19, 2024
With more demand than ever, and soon to be less supply than ever, it’s anticipated that a Bitcoin bull run could be initiated.
In this eventuality, altcoin markets could become super-charged as investors flock back into crypto markets as part of risk-on behavior stemming from the increasingly dovish tone from the Federal Reserve.
When looking at high return crypto, promising altcoins offer the strongest probability of skyrocketing returns due to superior market cap placement, which can promote higher growth in asset value.
To illustrate, to 3x a $1m market cap investment only involves a $2m capital inflow, whilst to 3x a $1bn market investment requires a comparatively huge $2bn capital inflow.
However, there is a delicate balance between low market caps and market position of the token – with the likelihood of a capital inflow dependent on market position, token popularity, and project credibility.
With that in mind, here are 3 of the best
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