3 Crypto Investments with Strong Fundamentals to Watch in 2024
As crypto markets brace for an anticipated bull-run this year, investors are increasingly looking for the best crypto to buy in 2024.
In this article, deep-dive three investment opportunities backed by strong crypto fundamentals for the year ahead.
Indeed, 2024 is an anticipated bull run year, with a duality of factors set to induce upside price moves across the crypto market.
Firstly, the approval of spot Bitcoin ETFs by the Securities and Exchange Commission (SEC) earlier this month has opened the door to institutional demand for Bitcoin (demand side pressure).
This interacts with the secondary event, the Bitcoin halving in April 2024, which will see Bitcoin block rewards cut in half (inducing a supply shock in the market).
With more demand than ever, and soon to be less supply than ever, it’s anticipated that a Bitcoin bull run could be initiated.
#Ethereum staking now at 24% of total supply, with only 11% on exchanges!
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