Crypto Gems: Top crypto assets to watch & buy in 2024
markets like Nasdaq (45%), BSE Sensex (18%), and Gold (12%).
Amidst the continuous evolution of blockchain technology and its burgeoning acceptance worldwide, a cohort of digital assets has emerged as frontrunners, poised for significant growth and transformation in 2024. We list the ones that have caught our eye. From layer 2 solutions to decentralized protocols facilitating cross-chain compatibility and gaming ecosystems, these assets showcase diverse opportunities for investors.
While we do the crystal gazing, we encourage investors to understand the risks and growth potential associated with each asset and do their independent analysis.
Layer 2 solutions – MATIC, OP, and ARB (medium risk, considerable returns)
Layer 2 solutions on Ethereum drive high-volume trade on the blockchain while reducing fees significantly. They scale the base blockchain and its transaction throughput and build an ecosystem that is useable by millions. The three frontrunners in this space are Polygon (MATIC), Optimism (OP) and Arbitrum (ARB).
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Polygon was a fan-favourite from the previous cycle and did exceptionally well. Naturally, it will likely have a modest growth outlook over the next two years (3-6x) but it has an established ecosystem.
Optimism and Arbitrum are the new kids on the block and have the potential to do well (6-10x over two years) if adoption kicks on.
Decentralization – ATOM and RUNE (higher risk, good returns)
Projects that work on data transfers, asset migration and communication between various blockchains are key
