BTC - Up More Than 150% for the Year These 3 Cryptos Have the Potential to Outperform Bitcoin in 2024
2023-12-19 08:15:00 ET
Without a doubt, Bitcoin (CRYPTO: BTC) has been the standout crypto performer of 2023. Up more than 150% for the year, Bitcoin has completely reenergized the crypto market. With Bitcoin currently trading around $42,000, some investors are even speculating that Bitcoin could soar past the $100,000 mark next year.
But with all the excitement around Bitcoin, investors might be overlooking cryptocurrencies with the potential to outperform Bitcoin next year. Three potential standouts include Solana (CRYPTO: SOL) , Avalanche (CRYPTO: AVAX) , and Chainlink (CRYPTO: LINK) . Let's take a closer look at why you might want to put these cryptos on your investment radar right now.
Both Solana and Avalanche are direct competitors to Ethereum (CRYPTO: ETH) , the second-most valuable cryptocurrency. In crypto terminology, all three are Layer-1 blockchain networks. This simply means that they are the core base layer on which everything else is built in the blockchain world. That includes non-fungible tokens (NFTs), blockchain gaming, and Web3 apps .
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Up More Than 150% for the Year, These 3 Cryptos Have the Potential to Outperform Bitcoin in 2024