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- 🍁 Golden Autumn, Big Prizes Await!
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The 10 Best Cryptos to Invest in 2024 - My Personal View
It's time for us to talk about the real deal regarding the cryptocurrencies that promise the most in 2024. I won't beat around the bush with those standard talks that everyone repeats. I'll show you where I would invest my own money!
It is the father of all, there’s no way around it! It continues to be the "digital gold", but is that still enough? It is limited to 21 million coins, creating artificial scarcity. The big institutional sharks have already dived into this sea, but I don’t know if that’s always good for us, small investors.
Ethereum (ETH)
The basis of almost everything that matters in blockchain. After they switched to Proof of Stake, they became environmental good guys overnight! But did this much-touted transition really solve the scalability issues? I have my doubts...
BNB
Used on one of the largest exchange platforms in the world. But let's be honest: relying so much on a single ecosystem doesn't seem very "decentralized" to me, does it? The dependence of this moeda on its parent company bothers me quite a bit.
Cardano (ADA)
Ah, the eternal promise! Always sold as "ecologically correct" and "scientifically proven". But how many truly significant projects have been built on it so far? The development is too slow for my taste.
Solana (SOL)
Super fast, there's no denying that! Low fees and impressive speed. But have you lost count of how many times the network has completely gone down? A technology that can't handle pressure doesn't fully convince me.
Polkadot (DOT)
Interconnecting blockchains is a fantastic idea, but this project is taking too long to deliver on its promises. Won't they end up being outpaced by more agile solutions?
XRP
Freed from that endless legal process and now seems to have a clear path. Fast and cheap international transfers are a real differential. But will traditional banks really adopt this technology en masse?
Avalanche (AVAX)
Another "Ethereum killer" that promises speed and low fees. But we already have so many competitors in this space! What really sets AVAX apart from the others?
Chainlink (LINK)
The so-called "oracles" that connect the blockchain world to the real world. Fundamental technology, no doubt, but does the LINK token really need to appreciate for the system to work? I'm not sure.
Litecoin (LTC)
The eternal second place after Bitcoin. Faster, cheaper, but with much less attention. Is there room for this "Lite Bitcoin" in the future?
How to choose where to invest? Don't be naive! Investigate beyond the hype, see who is behind the projects, and most importantly: don't invest all your money in a single coin! The crypto market is too wild for that.
And remember: this market is extremely volatile and manipulated. Anyone who says they know exactly what will happen is lying to you! Do your own research and make decisions with a cool head.