Cryptocurrency

Arbitrum

Lido DAO

Filecoin

Bitcoin

<div class="finbold">
 <p class="paragraph">The general cryptocurrency market is experiencing bearish sentiments, led by Bitcoin (BTC), which is struggling to maintain its price above the $40,000 mark. Although the markets appear grim, proponents maintain that there is upside potential, banking on factors such as the Bitcoin halving.</p>
 <p class="paragraph">Despite the current market sentiments, several projects will likely experience notable price growth and target new resistance levels in 2024. With a focus on the $10 level, Finbold has identified the following three cryptocurrencies likely to attain this value in 2024.</p>
 <h2 class="wp-block-heading" id="h-filecoin-fil">Filecoin (FIL)</h2>
 <p class="paragraph">Filecoin (FIL) tackles the ever-growing demand for secure and cost-effective data storage. Its decentralized network offers an alternative to traditional cloud storage platforms, promising enhanced security, lower costs, and user control.</p>
 <p class="paragraph">As awareness of data privacy concerns rises and Web3 applications gain traction, Filecoin’s unique value proposition could propel FIL toward the $10 mark. The token will likely receive a boost if the overall market turns bullish.</p>
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 <p class="paragraph">Notably, FIL had a stellar run in 2023, but the recent market downturn has impacted the token. In the last seven days, the token has plunged by 15% to trade at $4.96 by press time. Indeed, reclaiming the $5 support zone is key.</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" width="1024" height="166" src="https://cdn.thebittimes.com/images/2024/01/25/6f2dc884e0b54db3c7bf6eaf43c1f42f.webp" alt class="wp-image-151182" srcset="https://cdn.thebittimes.com/images/2024/01/25/6f2dc884e0b54db3c7bf6eaf43c1f42f.webp 1024w, https://cdn.thebittimes.com/images/2024/01/25/6f2dc884e0b54db3c7bf6eaf43c1f42f.webp 300w, https://cdn.thebittimes.com/images/2024/01/25/6f2dc884e0b54db3c7bf6eaf43c1f42f.webp 768w, https://cdn.thebittimes.com/images/2024/01/25/6f2dc884e0b54db3c7bf6eaf43c1f42f.webp 1536w, https://cdn.thebittimes.com/images/2024/01/25/6f2dc884e0b54db3c7bf6eaf43c1f42f.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>FIL seven-day price chart. Source: TradingView</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-lido-dao-ldo">Lido DAO (LDO)</h2>
 <p class="paragraph">Lido DAO (LDO) simplifies participating in Proof-of-Stake (PoS) blockchains like Ethereum (ETH). By pooling user funds, Lido allows anyone to earn staking rewards without the technical hurdles of running their own validator nodes.&nbsp;</p>
 <p class="paragraph">This accessibility, coupled with Lido’s growing influence in the Ethereum ecosystem, positions LDO as a potential frontrunner in the DeFi space, paving the way for a potential surge in its price.</p>
 <p class="paragraph">By press time, LDO was trading at $2.91 with daily gains of about 7%. Meanwhile, on the weekly chart, LDO is down over 7%.&nbsp;</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" width="1024" height="166" src="https://cdn.thebittimes.com/images/2024/01/25/c32ca8c5e60678764dd8cfec541c3cc8.webp" alt class="wp-image-151181" srcset="https://cdn.thebittimes.com/images/2024/01/25/c32ca8c5e60678764dd8cfec541c3cc8.webp 1024w, https://cdn.thebittimes.com/images/2024/01/25/c32ca8c5e60678764dd8cfec541c3cc8.webp 300w, https://cdn.thebittimes.com/images/2024/01/25/c32ca8c5e60678764dd8cfec541c3cc8.webp 768w, https://cdn.thebittimes.com/images/2024/01/25/c32ca8c5e60678764dd8cfec541c3cc8.webp 1536w, https://cdn.thebittimes.com/images/2024/01/25/c32ca8c5e60678764dd8cfec541c3cc8.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>LDO seven-day price chart. Source: TradingView</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-arbitrum-arb">Arbitrum (ARB)</h2>
 <p class="paragraph">Ethereum, the leading blockchain platform, often struggles with congestion and high transaction fees. Arbitrum emerges as a Layer 2 scaling solution, offering faster and cheaper transactions while inheriting Ethereum’s robust security.</p>
 <p class="paragraph">&nbsp;As DeFi activity continues to boom on Ethereum, Arbitrum’s ability to alleviate scalability woes could attract a wave of users, driving up demand for ARB.&nbsp;</p>
 <p class="paragraph">By press time, ARB was trading at $$1.69 with weekly losses of 13%.&nbsp;</p>
 <figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="166" src="https://cdn.thebittimes.com/images/2024/01/25/98cfe81f5112248b9fdf8de1c5037bef.webp" alt class="wp-image-151180" srcset="https://cdn.thebittimes.com/images/2024/01/25/98cfe81f5112248b9fdf8de1c5037bef.webp 1024w, https://cdn.thebittimes.com/images/2024/01/25/98cfe81f5112248b9fdf8de1c5037bef.webp 300w, https://cdn.thebittimes.com/images/2024/01/25/98cfe81f5112248b9fdf8de1c5037bef.webp 768w, https://cdn.thebittimes.com/images/2024/01/25/98cfe81f5112248b9fdf8de1c5037bef.webp 1536w, https://cdn.thebittimes.com/images/2024/01/25/98cfe81f5112248b9fdf8de1c5037bef.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>ARB seven-day price chart. Source: TradingView</em>
  </figcaption>
 </figure>
 <p class="paragraph">In conclusion, reaching $10 is not guaranteed, as various factors, such as volatility and unforeseen events, influence the crypto market. However, the underlying trends in decentralized storage, DeFi accessibility, and Ethereum scalability paint a promising picture for FIL, LDO, and ARBI.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em>&nbsp;The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cryptocurrencies-set-to-reach-10-in-2024-tbt77721.html">https://thebittimes.com/cryptocurrencies-set-to-reach-10-in-2024-tbt77721.html</a></p>

Cryptocurrencies set to reach $10 in 2024

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