IOTA

2024

Litecoin

<img src="https://cdn.thebittimes.com/images/2024/01/25/1706180206.webp" width="594" height="397" alt="">
The cryptocurrency market is on the cusp of a major bull run in 2024, with a multitude of factors aligning in favor of the bulls. The US Securities and Exchange Commission has already approved 11 spot Bitcoin ETFs and will likely approve all spot Ethereum ETF applications by May of this year as well.&nbsp;
The likelihood of the US Federal Reserve adopting a dovish monetary policy in 2024 and cutting its benchmark interest rates will also provide a strong boost to crypto prices. As will the upcoming Bitcoin halving in April and the US presidential elections in November.&nbsp;
<h2 dir="ltr" id="span-6-og-cryptocurrency-that-will-skyrocket-in-the-2024-bull-run-span">6 OG Cryptocurrency That Will Skyrocket In The 2024 Bull Run</h2>
With prices expected to skyrocket, all eyes are naturally on the proven players - the OG crypto coins that have generated explosive gains during the previous bull markets.&nbsp;
Bitcoin - the ultimate OG cryptocurrency - has already displayed a glimpse of its price potential, surging over 60% since October of 2023. The Bitcoin price already hit a 24-month high of $48,900. According to a few bullish Bitcoin price predictions, BTC could hit the $100k mark by the end of the year.&nbsp;
Other OG crypto coins such as Ethereum, XRP and Chainlink are also primed for explosive bull rallies. In this article, we cover 6 OG crypto that can pump in the 2024 bull run.
<h3 dir="ltr" id="span-bitcoin-btc-span">Bitcoin ($BTC)</h3>
Bitcoin continues to be the largest and most popular cryptocurrency in the world, boasting a market capitalization of around $780 billion.&nbsp;
This also makes BTC the 11th largest asset in the world, outperforming the likes of TradFi giants such as Tesla and Visa. Earlier this month, Bitcoin even surpassed tech giant Meta after its market cap surged to north of $950 billion. BTC has also been the best-performing asset over the past decade, outpacing tech stocks, gold and silver by wide margins. The Bitcoin price is trading at $40,170 today.
Experts believe that the Bitcoin price will surpass its previous all-time high of $69k in 2024, with many projecting it to even hit the $100,000 mark. Venture capitalist and bullish investor Tim Draper is going even a step further, expecting the largest cryptocurrency to reach $250,000.&nbsp;
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After all, the approved spot Bitcoin ETFs are expected to be extremely bullish in the long-term, especially once the Federal Reserve switches to dovish monetary policy. The ETFs have already recorded a cumulative inflow of over $1 billion, even with one issuer - Grayscale ($GBTC) - witnessing $4 billion in outflows.&nbsp; Furthermore, the upcoming halving event will fuel a strong surge in the BTC price.&nbsp;
Consequently, Bitcoin - the OG cryptocurrency - remains one of the best investments for the upcoming 2024 bull run.&nbsp;
<h3 dir="ltr" id="span-ethereum-eth-span">Ethereum ($ETH)</h3>
Ethereum is the second largest cryptocurrency on the market with a valuation of $270 billion. Following in the footsteps of Bitcoin, Ethereum was conceived in 2013 by Vitalik Buterin and was later launched in 2015. Since then, ETH has established itself as the largest altcoin. The Ethereum price is currently trading at $2,240.&nbsp;
Analysts are highlighting the possibility that Ethereum could generate even higher profits for investors than Bitcoin this year. Several TradFi and Web3 giants, including BlackRock and Fidelity, have filed for spot Ethereum ETFs, which have a high chance of approval by May this year.&nbsp;
<img src="https://lh7-us.googleusercontent.com/ImdT6XrIZJBfTXkq23XTgQFQVOmH3A9EMjxrXeoZ5r92hGzp95uMgTKbHxoW4sx-xEohLAdn24YH7TbnIzlfvTn770FO_YKcTQvbpVHCie8iYYexExnRfDCrB58kaRbk_HAyyz4nLn8ACbJu0JesllY" width="624" height="493" style="display: block; margin-left: auto; margin-right: auto;">
Similar to BTC in the fourth financial quarter of last year, the ETH price could also witness an explosive pre-approval rally in the coming months. Furthermore, with the Bitcoin dominance typically taking a hit during the pre-halving months, the crypto market capital could rotate to Ethereum.&nbsp;
A recent <a href="https://www.nasdaq.com/articles/jpmorgan-says-ethereum-will-outperform-bitcoin-in-2024" target="_blank" rel="noopener noreferrer nofollow">JPMorgan</a> report also highlighted that Ethereum could outperform Bitcoin this year, thanks to the upcoming EIP-4844 upgrade which will introduce proto-dankasharding to the ETH network.&nbsp;
<h3 dir="ltr" id="span-xrp-xrp-span">XRP ($XRP)</h3>
XRP is the native cryptocurrency of the Ripple protocol, which was founded in 2011 to facilitate seamless cross-border payments. It is currently the 6th largest cryptocurrency on the market, with a market capitalization of over $28 billion. The XRP price is currently at $0.51.&nbsp;
<img src="https://lh7-us.googleusercontent.com/qc4cVJ71zGvscEBdk8msP634pGoKmfocQVw0S5jtMxQ6m8l4CUkzRUyWWVOY30JMZ787CHoUJP3KLmTU4-8MXpwGrBHmvFcVP0PvVfalIE0IbG4RwWvA32zMAg3nX-8RJ3hHAb6JSHvFgqy-4Mw-LVU" width="624" height="377" style="display: block; margin-left: auto; margin-right: auto;">
Analysts such as Captain Faibik are confident that XRP is due for a strong bounce-back, which could see the OG cryptocurrency hit a new all-time high in the second financial quarter of 2024. Considering that XRP’s previous all-time high is $3.40, this would represent an upside move of 578% from its price today.&nbsp;
After all, bullish investors strongly believe that XRP’s non-security status is not yet fully priced in. Judge Analisa Torres of the SDNY district court awarded a landmark victory to Ripple last year, ruling that its programmatic sales did not violate the Securities Act. While the XRP price initially jumped to $0.8, it did not continue the bullish momentum to breach the $1 mark.&nbsp;
However, it could rally to this landmark - and much higher - during the upcoming 2024 bull run.&nbsp;
<h3 dir="ltr" id="span-chainlink-link-span">Chainlink ($LINK)</h3>
Chainlink is a Web3 services company, popularized for its ground-breaking oracle technology. Its native cryptocurrency - $LINK - is the 13th largest asset on the crypto market, with a valuation north of $8 billion.&nbsp;
$LINK stands out as a consensus pick among experts, identified as one of the best OG crypto coins that can pump in the 2024 bull run. The reason behind this bullish stance is Chainlink’s revolutionary efforts in pushing the boundaries of Web3 technology.&nbsp;
Its <a href="https://chain.link/use-cases/financial-services" target="_blank" rel="noopener noreferrer nofollow">Cross Chain Interoperability Protocol (CCIP)</a> has already made strong waves in the TradFi space, allowing banks to interact with a number of public and private blockchains using the existing backend systems. Several giants including SWIFT, the ANZ Banking Group and Citi have already run several experiments with CCIP.&nbsp;
CCIP is also one small component of Chainlink’s cutting-edge technology. In fact, the Web3 services platform has emerged as a game-changer in various sectors including bank payments, retail payments, transferring market and events data to blockchain, etc. Just today on the 24th of January, PancakeSwap’s Prediction platform went live on Arbitrum using Chainlink’s Data Streams tool.&nbsp;
Consequently, analysts believe that $LINK is one of the most undervalued OG crypto coins in the market, projecting it to hit the $140 - $150 range in the coming years.&nbsp;
<img src="https://lh7-us.googleusercontent.com/4WwiNq4hYafusCj7rXk-h5V14fRDI9Y8qU2Xc5yDxElaEdHBdjXiTFEwzgtDSnTewhgvATSYJx33hK3dJcA0rgX3pUOMuho1dr7jqZoBTXEFnZvIdzbFMy-X9iVpivHEFUs44EZk-aDxB34UPui-DsQ" width="624" height="543" style="display: block; margin-left: auto; margin-right: auto;">
<h3 dir="ltr" id="span-litecoin-ltc-span">Litecoin ($LTC)</h3>
Litecoin is one of the oldest OG cryptocurrencies on the market which was launched in October of 2011 as an alternative to Bitcoin. With a market capitalization of $4.8 billion, $LTC is currently the 19th largest cryptocurrency, data from CoinMarketCap reveals.&nbsp;
$LTC did not have a stellar year in 2023, considering that the token has depreciated 27% over the past 12 months. However, it is poised to make a strong bounce back, especially due to the possibility of institutional interest.&nbsp;
In a 2018 speech to hedge funds, Gary Gensler - now the chairman of the Securities and Exchange Commission - stated that Litecoin is not a security, which is a massive deal considering that he views most of the crypto assets as one.&nbsp;
<img src="https://lh7-us.googleusercontent.com/Dvh_NbWpArrk1O5QH7zVgPqdGjOcBST8Kojwy5N0RWgYwz4SkkNdfdzvaHJG11ObVslLPBlj92Hs3ndHwxP5ml_8uV5huTf_XOBCf78Fvw7sUfmvBxHUBKWeBV-JCj0Dy5S-yGKjK56ZZ6btlDaZkF8" width="624" height="207" style="display: block; margin-left: auto; margin-right: auto;">
$LTC has already benefited from Gensler’s favorable stance. The EDX crypto exchange - backed by TradFi giants such as Fidelity, Charles Schwab and Citadel - recently started offering $LTC trading, making it only one of the four crypto tokens available on the platform.&nbsp;
As a result, Litecoin could witness a strong crypto rally in 2024 as a number of other altcoins battle in court to prove their non-security status.&nbsp;
<h3 dir="ltr" id="span-iota-iota-span">IOTA ($IOTA)</h3>
IOTA was launched in 2015 but started to gain significance only in 2017, reaching a new all-time high of $5.25 in 2018. It is currently trading at just $0.21 with a market capitalization of $670 million, which makes it the 97th largest cryptocurrency according to CoinGecko.&nbsp;
Similar to Litecoin, this OG cryptocurrency is poised for a strong bounce back through its IOTA 2.0 initiative, which seeks to build a “decentralized, egalitarian and sustainable DLT”. The initiative will introduce fee-less transactions, utility-based tokenomics and reality-based conflict resolution to the IOTA network.&nbsp;
The IOTA Foundation has also recently launched the IOTA Ecosystem DLT Foundation in Abu Dhabi, becoming the first DLT organization to be regulated by the Abu Dhabi Global Market in the UAE. The fund is also seeded with $100 million and is poised for rapid expansion in the MENA (Middle East and North Africa) region.
<img src="https://lh7-us.googleusercontent.com/fH9To3z094409X7kOKoCFLlFU0Wkwh4bsgCssrQRX8OQjOUX2Q2bcbhoeEyf2L2OAAiHhmXtm0aJirWojyJkPlgi6at42i3l5DB-9qW7lVtyX-3Rl6JW3_okKLv3Sb-GsKY9BmLm6r-e9XEvU3GGn1I" width="624" height="416" style="display: block; margin-left: auto; margin-right: auto;">
<h2 dir="ltr" id="span-2-new-cryptocurrencies-that-can-also-explode-in-2024-span">2 New Cryptocurrencies That Can Also Explode In 2024</h2>
While the aforementioned OG crypto coins have gained the trust of investors through their longevity, they can offer only limited returns due to their large market caps. For instance, Bitcoin would need to hit the $80,000 price point - up 15% from its previous all-time high - to offer 2x returns to investors buying today.&nbsp;
On the other hand, newer coins - with in-demand utility - could generate anywhere between 10x to 100x returns in 2024. Therefore, we are also listing 2 new crypto coins that could explode in the upcoming bull run.&nbsp;
<h3 dir="ltr" id="span-bitcoin-minetrix-btcmtx-span">Bitcoin Minetrix ($BTCMTX)</h3>
<a href="https://shrt.care/f24415e8?referrer=6-og-crypto-coins---and-2-new-tokens---that-can-pump-in-the-2024-bull-run" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Minetrix</a> is an Ethereum-based cloud mining project which is looking to make crypto mining rewards accessible to retail investors. Its native cryptocurrency - $BTCMTX - is still in its presale, meaning early buyers still have the opportunity to gain maximum returns. $BTCMTX has already raised close to $10 million in its ICO, signaling a strong demand for its utility.&nbsp;
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<img src="https://lh7-us.googleusercontent.com/9tBTTeTxiZ-ZkSkluqt2W7LEQJc8HuCF0DUNIhBtRB06OYJKxgrGoX3RYrenNDC05mINUtgVce7AlhJHSitbOhEFClq1DuRimMh4skgs3aZfH0o67ij8HkNNlanzVsJUvRg0jowxQajhZA9QOHLdNRU" width="624" height="371" style="display: block; margin-left: auto; margin-right: auto;">
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The crypto mining industry has been monopolized by wealthy corporations for over a decade, sidelining the small-scale investors due to the high capital investment and technological expertise required.&nbsp;
However, all Minetrix users need is an Ethereum-based wallet such as MetaMask after which they can simply purchase the $BTCMTX tokens and stake them using the stake-to-mine dashboard. Bitcoin Minetrix then mines Bitcoin on behalf of the investors and distributes the rewards in accordance with the initial investment.&nbsp;
This tokenized cloud mining approach is superior to other similar platforms due to its high transparency and decentralization. Users are allowed to unstake and sell their tokens at any point and do not need to sign any burdensome long-term contracts.&nbsp;
Due to Bitcoin Minetrix’s in-demand real-world use case, analysts such as <a href="https://youtu.be/ARD7LHpC_sM?si=8kjEf4i52fueQQdW" target="_blank" rel="noopener noreferrer nofollow">Jacob Bury</a> predict $BTCMTX to display a 10x bull rally after its launch.&nbsp;
<h3 dir="ltr" id="span-meme-kombat-mk-span">Meme Kombat ($MK)</h3>
<a href="https://shrt.care/b591bffa?referrer=6-og-crypto-coins---and-2-new-tokens---that-can-pump-in-the-2024-bull-run" target="_blank" rel="noopener noreferrer nofollow">Meme Kombat</a> is another new presale token that is poised for 10x returns in coming months. It is a high-utility meme coin which features trendy cryptop concepts such as artificial intelligence, staking and Web3 gaming. $MK has already raised close to $7.5 million in its ICO.&nbsp;
<img src="https://lh7-us.googleusercontent.com/BRcYFdNPC_AdEK2g5dfqJyt-bQcWJCsL2jRWKAQdmtNUJFdy5_kqGGal_XqrfmxQ1HAlGAsqULSiVhZGOP76ftlyqi1bPaxYEJXoyBgUKzNFXgoW_8EniEHfhT-xJWb6OzT8S9g6gm2epJ7lA2n-CzA" width="624" height="336" style="display: block; margin-left: auto; margin-right: auto;">
The meme coin market is set to see strong gains in the upcoming 2024 bull run. However, analysts believe that established large cap tokens such as Dogecoin and Shiba Inu can face stiff competition from newer meme coins, providing the ideal backdrop for a token like Meme Kombat to explode.&nbsp;
To boost its community engagement, Meme Kombat is launching its own Play-To-Earn platform featuring an AI-simulated battle of meme coins. The platform will showcase 11 fictional characters - each representing a popular meme token such as Doge, Shiba, Pepe, Sponge, etc. The mascots will engage in unpredictable battles, allowing players to bet on the outcome of the game.&nbsp;
$MK investors also have the opportunity to earn passive income through staking rewards, currently at an APY of 127%.
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/og-crypto-coins-set-to-pump-next-in-the-2024-bull-run-eth-iota-link-ltc-xrp-tbt77695.html">https://thebittimes.com/og-crypto-coins-set-to-pump-next-in-the-2024-bull-run-eth-iota-link-ltc-xrp-tbt77695.html</a>

OG Crypto Coins Set To Pump Next In The 2024 Bull Run - ETH, IOTA, LINK, LTC, XRP

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