Top Altcoins for 2024 According to ChatGPT
The following content does not constitute the opinion of BeInCrypto and should not be construed as financial advice
The cryptocurrency market is experiencing excitement as the prices of crypto assets are coming back strong. Investors are becoming more confident about the market for the new year. Chat Generative Pre-trained Transformer (ChatGPT), a noteworthy AI tool gives tips about what altcoins to invest in.
Solana, famous for being fast and able to handle a lot of transactions, has done very well with its growth of 900% in the last year and market capitalization of $46.7 billion. Solana is currently the 5th largest cryptocurrency and is poised to make more progress.
With its growth in network activities and increase in adoption, Solana stands as a strong contender in 2024.
Experts like Matthew Sigel and Patrick Bush from VanEck think that Solana could challenge Ethereum when it comes to market dominance. Their reason is that Solana has a clear way to grow and potentially take it into the top three blockchains in size of the market, total value locked up, and people using it.
Borroe Finance ($ROE):
Borroe Finance ($ROE) comes up as a clever solution to the problem of funding associated with Web3 financing. Borroe Finance opens a new marketplace for NFTs that helps Web3 companies get money using AI and blockchain.
As the main goal of Borroe Finance, $ROE fixes money problems for Web3 businesses and offers a new way to get funds from many people. Businesses can create NFTs for future income sources, offering money right away while allowing users to join in the project’s success.
Borroe Finance uses blockchain technology, AI for risk assessment, and smart contracts. These make transactions quicker, safer, and easy to carry out. The presale is currently on stage 3 and the $ROE token is selling at $0.0175. More than $2.2 million has been raised by Borroe Finance so far.
Borroe Finance keeps security as a top priority. The platform uses transparency from blockchain, checks with AI, and test code to make sure users are safe while interacting on the platform.
Michael Price and Maxim Prishchepo are the leaders of Borroe Finance. Their experience makes them stand out in a place where not knowing who is leading can give people doubts.
Chainlink is a decentralized network that helps keep data safe for smart contracts, and its LINK token has grown by 175% in the last year, with a market capitalization of $8.6 billion. The increase in prices on the weekly time frame suggests that things will go upwards into 2024.
For the year, Chainlink plans to show the Cross-Chain Interoperability Protocol (CCIP), which links blockchains in innovative ways. Moreover, the project is launching developer tools for smart contracts and decentralized applications, with tokenizing Real World Assets. These features make Chainlink a noteworthy consideration for investors in 2024.
Polkadot (DOT), an open-source network, is on the rise and trying to break past the resistance level at $10. One million transactions were done in one day on Polkadot’s relay chain by December 21. This is a remarkable accomplishment for the platform, showing growth in its network activity.
Recent partnerships such as Deloitte using Kilt blockchain from Polkadot, set it up for possible future increase. While it is feared that network congestion could happen due to inscription, Polkadot’s ability to manage increasing transactions has been evident.
Crypto market participants are looking forward to the Polkadot 2.0 launch, which will start parachains and on-chain control along with work across different chains. This step will upgrade the network’s agreement system to Nominated Proof of Stake (NPoS), promising more safety and control powers
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