- 1 Solana has embarked on a tremendous growth of 975% in 2023.
- 2 Some of the altcoins are expected to experience similar growth trends in 2024.
- 3 Altcoins, including $ROE, Wemix, and Conlfux, are the coins that are expected to outperform others.
Solana has marked surprising annual growth of more than 950%. Thus, it positioned Solana among the major players in the world of cryptocurrencies.
Therefore, in 2024, investors are looking for more such opportunities that can provide them with significant returns at the year-end. Likely, Solana did for its investors in 2023.
Some altcoins (alternative coins) that portray a growth potential similar to Solara are Borroe Finance ($ROE), Wemux, and Conflux. Some great researchers and analysts are supporting the growth of these altcoins.
This article will discuss all the altcoins mentioned above.
It is an AI-powered funding marketplace that is aimed at helping Web3 participants unlock capital. It will be done by selling future earnings from subscriptions, invoices, royalties, and more for instant cash flow.
With Borroe, businesses will be able to quickly raise upfront cash by minting NFTs. It represents future and outstanding invoices and fees and is sold at a discount price on the marketplace. The AI-driven platform makes use of cryptocurrency, blockchain, tokenization, and smart contracts. It enables a faster and more efficient working capital-raising process.
$ROE is the symbol of the native token of Borroe Finance, which is generally referred to as Borroe.
Its marketplace is built on the Ethereum sidechain, polygon.
Borroe’s way of raising money in Web3 is gaining value. The ongoing stage of the ROE’s presale is going very well. More than 91% of the allocated assets for this phase have already been sold. These factors and the growth of AI are expected to boost the value of ROE.
WEMIX has shown a tremendous growth of 655%. It has become an important element of the crypto market.
WEMIX is the symbol that represents the native token of WEMIX. USDC stablecoin supports the Wemix token to control price changes, providing a safe place. Holders of Wemix can join its on-chain control.
Moreover, it has seen a rise of 116% in the last two months. It is expected to show better growth in 2024 as well.
Wemix has seen a price decline in the last week of 15% and it is legging the overall crypto market, which is just 1.7% down. Wemix is expected to outpace the growth.
Conflux has shown a positive growth of 17% in the last month. It is suggested that the growth trend will continue in 2024 and will provide positive returns for investors.
It is not growing as fast as Solana. Its quick increase increases the probability of duplicating such an achievement. Analysts and researchers predict a possible increase in prices. However, it is important to constantly observe the market to understand the built-in doubt and wild changes in the cryptocurrency ecosystem.
CFX is the symbol of the native token of Conflux. It can be traded on Gate.io, Bitget, and MEXC.
As of now, Conflux is performing on par with similar cryptocurrencies. It was down by 8.7% last week.
Each coin has its own unique strengths and weaknesses and is racing towards potential large gains in 2024. This year is expected to be a year of growth in the crypto space.
Some of the other tokens that are expected to outperform include Chainlink, Cardano, Bitcoin, and others.
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks or related indexes comes with a risk of financial loss.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.