Analytics

Top Ten Crypto Tokens Predicted to Soar in Prices, According to Expert

Amidst highly anticipated cryptocurrency market rallies this year, cryptocurrency YouTube

channel Altcoin Daily, in a recent video, highlighted the top ten tokens they are bullish on. The analysis listed ETH, XRP, FTM, UNI, and MKR as part of the tokens.

Ethereum (ETH)

As noted in the video, seven spot Ethereum exchange-traded funds (ETFs) have their final deadlines in the next four months as set by the U.S. Security and Exchange Commission (SEC). Furthermore, the largest altcoin also has its EIP 4844 upgrade coming up this year which will reduce fees paid on the network.

XRP (XRP)

With conversations around ETFs heating up, XRP is expected to be one of the major beneficiaries. According to the video, there is a good chance of an XRP ETF given the token secured legal clarity last year.

Fantom (FTM)

Fantom is one of the top ten picks driven by notable developments in the network. The analysis shows Fantom recently cut its staking requirement by 90% in a bid to increase security.

Uniswap (UNI)

The Altcoin Daily analysis highlighted that Uniswap has another innovation coming up, which could spur a price boom. As noted in the video, the network has budgeted $300,000 for V4 development with a $150 million token launch.

MakerDAO (MKR)

Ethereum-based project Maker generated a Q4 revenue of $70m. According to the video, the revenue highlighted considerable growth on the platform and could inspire future rallies.

Hedera (HBAR)

Altcoin Daily pointed out the recently approved $408 million by the Hedera network for ecosystem growth as a catalyst. The money will also go to enabling decentralized governance on the network.

Polygon (MATIC)

With Polygon 2.0 around the corner, Altcoin Daily said the change could boost price appreciation. The token built to be a multichain token is expected to revolutionize staking and reward earnings on the network.

Cardano (ADA)

Cardano is predicted to grow as it advances its ecosystem. According to the video, developers are bullish on Cardano considering its transition from a research blockchain to a full blockchain with a TVL.

Injective (INJ)

INJ’s positive performance is predicted to continue as growth on the network soars. As noted in the video, the number of users staking on INJ is rising exponentially.

Arbitrum (ARB)

With an additional 100,000+ ETH having been bridged to Arbitrum One and over 1.4 million ETH expected to flow, Altcoin Daily expressed their optimism in ARB’s long-term potential.

Tron (TRX)

Tron is currently seeing strong performance in its Decentralized Finance (DeFi) ecosystem. TVL across the Tron ecosystem has increased to over 76 billion TRX worth around $8 billion as of December 2023.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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