The bull market has just begun, so there is no need to be overly anxious. Making short-term mistakes is not a big deal, and preserving the principal should always come first.
Once the real bull market starts, there will be a variety of tokens that will rise, regardless of their value consensus. The more valuable the consensus, the faster the rise, and the amount of profit depends on your understanding and luck.
This is a list of candidate tokens that I am bullish on for 2024.
First of all, your investment portfolio should always consist of BTC and ETH.
However, as BTC's dominance reaches its peak, we can expect altcoins to start performing well (capital rotation).
This article will outline the best altcoins I have chosen for 2024 and provide a comprehensive discussion of each one.
A diversified investment portfolio should include projects of various scales, and the percentage allocated to each category will depend on your personal risk tolerance. This is for learning reference only.
- Chainlink - $LINK
Chainlink, the alternative leader in oracles, needs no introduction. The LINK staking v0.2 will start the early experience on December 7th, and v0.1 stakers must migrate before this date.
Bullish catalysts:
- Industry standard oracles
- Chainlink staking
- Chainlink Economics 2.0
Risks/Bearish:
- Token economics and revenue generation
- Selling pressure from the team
Chainlink has the potential to become the Google of the crypto space.
- Cosmos - $ATOM
In the corner of the bull market, Cosmos' battlefield is quietly heating up.
Bullish catalysts:
- Airdrop of $ATOM1 fork
- Projects based on IBC
- Network effects
Risks/Bearish:
- Which fork will succeed?
- Revenue generation
- Fragmented community
Is the Cosmos Hub fork bullish or bearish?
- THORChain - $RUNE
THORChain explores this innovative DeFi platform where you can combine trading, savings, and borrowing.
Bullish catalysts:
- Significant increase in DEX trading volume
- Native exchange (no bridging)
- Borrowing
Risks/Bearish:
- Already had a significant increase
- Competition
With the continuous surge in platform trading volume, the RUNE flywheel has fully come into play.
- Bittensor - $TAO
Bittensor is an open-source protocol that enables decentralized, blockchain-based machine learning networks.
The project's main goal is to address the centralization and concentration of power in a few companies in artificial intelligence.
Bullish catalysts:
- Decentralized artificial intelligence
- Growing subnets
- Adoption/growth of artificial intelligence
Risks/Bearish:
- High operating costs
- Intense competition
This is a fascinating project that has already had a huge impact in 2023.
I believe it could become one of the hottest artificial intelligence projects. Gongzhong hao: guanguan shuibi
- Injective - $INJ
Injective is a blockchain built specifically for financial applications.
It has the fastest L1 blockchain, a decentralized and modular order book, instant transaction settlement using Tendermint, and cross-chain interoperability, and recently backed by Jump for rapid development.
Bullish catalysts:
- Institutional adoption
- Bullish token burn
- Continuous expansion of the ecosystem and integrations
Risks/Bearish:
- Competition (orders)
- Price has already risen significantly
Injective is one of the best-performing tokens this year, with an increase of nearly 1,000%.
- Arbitrum - $ARB
Arbitrum is an Ethereum scaling solution (or Layer 2) that uses aggregation technology to achieve faster and cheaper transactions. It has quickly become a favorite among many degens, and adoption continues to surge.
Bullish catalysts:
- Leading Layer 2
- Surging adoption (TVL)
- Arbitrum
Risks/Bearish:
- zk/op competition
- Future unlocks/circulating supply
ARB is still my favorite L2 play, and I believe it will continue to perform well in this bull market cycle.
- Maker - $MKR
The Maker protocol allows users to obtain loans by using their crypto assets as collateral.
It works with collateralized deposits (approved ERC tokens) to mint the stablecoin $DAI, which is currently the largest decentralized stablecoin pegged to the US dollar.
Bullish catalysts:
- RWA (government bond yields)
- Potential token splits
- DAI growth
Risks/Bearish:
- Decoupling risk
- Regulation
Maker is a money printer, earning from government bonds, and increasingly adopting decentralized finance.
- Frax - $FXS
Frax is one of the protocols with the most recent catalysts.
Bullish catalysts:
- Growth of RWA/LST
- DeFi ecosystem (trinity)
- Fraxchain (L2)
Risks/Bearish:
- Regulation
- Dependence on USDC
Being bullish on FXS requires a long-term perspective. They are creating a cool product ecosystem, and once FRAX is fully collateralized, FXS inflation halves and veFXS income shares increase.
- Rollbit - $RLB
Rollbit is an online cryptocurrency casino and has quickly become one of the most popular and innovative casinos in the field.
It has several core products: casino, sports betting, NFTs, cryptocurrency futures (x1000), cryptocurrency portfolios (buy, hold, or sell), and the Rollbit exchange (RLB, UNIBOT, etc.).
Bullish catalysts:
- Gambling (degen)
- Pump songs
Risks/Bearish:
- Centralization
- A large portion of user deposits on Rollbit
- Lack of audit documents
- Regulatory compliance
Rollbit has its risks, but it is perfectly suited for the bull market.
- GMX_IO - $GMX
GMX is a decentralized spot and perpetual exchange that supports low funding costs and zero price impact trading.
It is one of the best-performing tokens in this bear market cycle and has attracted the attention of the crypto generation and investors.
Bullish catalysts:
- Revenue generation
- Perp DEX continuous growth
- Real yield
Risks/Bearish:
- Intense competition
- GLP risk
In 2023, GMX's performance lagged behind some other tokens on this list. It may be a sleeping giant with huge upside potential as it catches up.
- Kujira - $KUJI
Kujira is a decentralized Layer 1 ecosystem focused on building sustainable fintech solutions and tools.
Their DeFi product suite continues to expand, including liquidity engines, decentralized exchanges, money markets, liquidation, stablecoins, on-chain order books, and is currently steadily progressing.
Bullish catalysts:
- Sonar wallet
- Strong token economics
- FIN's upcoming perpetual bonds and margin trading
Risks/Bearish:
- Already had a large pump
- Revenue generation
Kujira has already risen by 500% this year and is one of my favorite projects, a true phoenix reborn from the ashes.
- Pendle - $PENDLE
Pendle's TVL is still on a steady upward trend and may continue to do so.
Recent strong interest from venture capital (Strategic round by Sparta Group) and strong price performance.
Bullish catalysts:
- Innovative yield tokenization
- LSDFi
- Wide adoption
- Native CEX wallet integration
Risks/Bearish:
- Regulation
- Low m/cap projects
In summary, Pendle is a great project and a very unique product. With good market fit, I expect this team to bring good results.
- Radiant - $RDNT
Radiant Capital is a full-chain lending protocol. It is built using LayerZero, allowing users to deposit collateral - such as USDC on Ethereum - and borrow on another chain, such as ETH on Arbitrum.
Bullish catalysts:
- Settling on Ethereum
- STIP allocation - ARB used directly for new dLP lockers
- LayerZero narrative
Risks/Bearish:
- Token unlocks
- Competitors (lending)
The potential in the full-chain lending space is huge, and Radiant has a real advantage.
We are in the early stages of the next bull market, and the timeline is changing.
No one can accurately predict the market's movements, but I firmly believe that if you work hard in the coming years, you will receive huge returns.
During a bull market, narratives will change rapidly, and once highly regarded projects will quickly be forgotten. Therefore, staying agile and adapting to market conditions is crucial.
Remember, if you view your positions as long-term investments, market downturns should be seen as opportunities. They provide a chance to buy more tokens.
Finally, it is crucial to develop a strategy before making any purchases and not to invest all funds.
In the crypto industry, having a high-quality circle is essential if you want to seize the next bull market opportunity. By banding together, everyone can keep warm and maintain insight. It's difficult to persevere in this industry if you are alone and find yourself without anyone. If you want to band together or have doubts, feel free to join us - Gongzong hao: guanguan shuibi VX: 3379276514
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