As we near the close of 2023, the crypto world is buzzing with optimism. The anticipation for Bitcoin's rise in 2024 has everyone excited, sparking hopes for a positive effect on select altcoin markets. Bitcoin ETFs are expected to launch, potentially drawing in big investors to the crypto arena.
This positive sentiment isn’t just about Bitcoin; altcoins like Solana (SOL), Aptos (APT), NEAR Protocol (NEAR), Polygon (MATIC), and Arbitrum (ARB) are also poised for attention. Their unique features, growing communities, and ability to ride the market’s upbeat trend make them ones to watch in 2024.
Solana (SOL): Energized Surge in Price Solana (SOL) recently saw a massive surge, its price spiking over 100%. This hike is credited to its busy network and the debut of Solang, simplifying smart contract coding in Solidity. Its high Transactions Per Second (TPS) rate has attracted users and developers, injecting vitality into its growth.
Solana (SOL) is currently trading between $80.36 and $131.36. The 10-day Moving Average sits at $108.53, signaling a robust short-term trend, while the 100-day Moving Average at $87.1 shows a solid long-term outlook. Support is at $48.19, with resistance at $150.19 and $201.19.
Aptos (APT): Building Momentum for New Features Aptos (APT) has been highly bullish lately, with its network volume and Total Value Locked (TVL) pointing to positive growth. The introduction of inscriptions promises more activity, attracting new users to Aptos (APT).
Aptos (APT) currently fluctuates between $7.81 and $10.47. The 10-day Moving Average is at $10.26, and the 100-day Moving Average is at $8.76, both indicating bullish sentiment. Support levels stand at $3.65 and $6.31, with resistance at $11.64 and $14.3.
NEAR Protocol (NEAR): Riding High Toward $5 NEAR Protocol (NEAR) has surged to a 440-day high, driven by optimism and interest.
NEAR Protocol (NEAR) oscillates between $2.54 and $4.57. The 10-day Moving Average at $4.13 suggests a strong upward trend, while the 100-day Moving Average at $2.98 indicates a positive long-term view. Support is at $1.29, resistance at $5.34 and $7.37.
Polygon (MATIC): Breaking Barriers for Growth Polygon (MATIC) recently broke the $1 barrier, indicating a strong rally driven by major investors and positive market sentiment.
Polygon (MATIC) hovers between $0.909 and $1.079. The 10-day Moving Average stands at $1.028, and the 100-day Moving Average at $1.046, both pointing to a robust upward trajectory. Support levels are at $0.824 and $0.931, with resistance at $1.144 and $1.251.
Arbitrum (ARB): Advancing Blockchain Efficiency Arbitrum (ARB) achieved an impressive milestone in blockchain scaling, solidifying its position as a top layer-2 solution amidst increasing recognition and adoption.
Arbitrum (ARB) swings between $1.33 and $1.6. The 10-day Moving Average at $1.6 and the 100-day Moving Average at $1.46 both show positive trends. Support levels are at $0.89 and $1.16, while resistance is at $1.71 and $1.98.
In Summary: Looking into 2024, Solana (SOL), Aptos (APT), NEAR Protocol (NEAR), Polygon (MATIC), and Arbitrum (ARB) stand out for potential growth due to their advanced features. Solana’s (SOL) momentum stems from its active network and innovations. Aptos (APT) shows promise with its bullish trend and new features. NEAR Protocol (NEAR) sees market value surge but faces resistance points. Polygon (MATIC) breaks barriers, yet needs steady user adoption. Arbitrum (ARB) excels in blockchain scaling but faces competition and technical challenges.
