This month, Bitcoin surged past its previous peak of $69,000 to hit a fresh high of $73,100 , sparking a wave of enthusiasm across the crypto world and paving the way for other cryptocurrencies to hit new milestones.
With nine years in crypto and a background in wealth management, Sanders offers his insights into the market’s dynamics.Which Cryptocurrencies Could Lead the Market Higher in 2024? There’s a major new application being connected to the Solana network scheduled for later this year, called Firedancer. As we all know, scale changes everything, and this upcoming development means Solana could become the first blockchain to go mainstream — handling large numbers of real world transactions, in a secure way, and at a low cost.
Uniswap stands out as the largest Decentralised Exchange by trading volume, facilitating over $2 billion in trades daily. While the proposal’s implementation might require some time, if this initiative advances, UNI token holders could significantly profit from the platform’s billions in annual swap fees, marking a substantial incentive and benefit for being a UNI token holder.
This means as more real-world data is demanded by blockchain applications, the more LINK tokens will need to be bought, which pushes the price higher.Chainlink has already achieved impressive adoption with its technology being integrated into over 300 blockchain projects and 40 institutions worldwide, including financial giants like Goldman Sachs, Citigroup, and HSBC, which are actively developing tokenisation platforms in preparation for the opportunities ahead.